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 America's bedraggled, debt slave consumers are about to reap the final whirlwind which will finally unwind what is left of their consumer materialist society. This final shoe will come in the form of the cheaply made and cheap priced and often poisonous Chinese consumer goods. It is these very goods that not only have stuffed American households in a gluttony of soulless, Christless consumerism but have equally driven those same mindless consumers out of their middle class manufacturing jobs and into the lower class that make up the vast vast masses of service sector jobs |
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 The USA national debt has achieved the number, which cannot fit the renowned debt clock located in the center of New York. The device now is unable to display all the digits of the US national debt, Itar-Tass reports. When the amount of the deferral debt overcame the level of ten trillion dollars, the National Debt Clock near Times Square switched to figure 1 again and began to count the debt from the very start |
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 Each American holds about 33,000 dollars of the national debt. The national debt of the United States of America exceeded the number of nine trillion dollars for the first time in history. The U.S. Democratic opposition believes that the ongoing increase of the country’s debt testifies to poor financial policies run by the current U.S. administration. The White House explains its requests with the need to fund the wars in Afghanistan and Iraq and other conditions required for the national security |
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 11/08/2007 [news] / World The mayor of one of Pennsylvania's most debt-laden cities spent millions of dollars on a museum about cowboys, Indians and the Wild West. |
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 China has several economic “weapons” at its disposal for countering the US, ranging from the manipulation of its currency to the diversification of its burgeoning stock of forex reserves. It also has several less blunt options to choose from, such as enabling Chinese companies to compete more directly and effectively with US companies, and opposing the US in securing a domestic energy supply. |
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 In just 15 short months, George W. Bush, the most radical and unpopular President in American history, will step down and hand over power to a successor. He’ll stand on the podium in front of the Capital Building in Washington, tearfully wave good-bye to his countrymen, and then make his escape back to his comfortable ranch in Texas. Four out of five Americans will be glad to see him go. Unquestionably, that proportion will be even higher in most other countries. The good news is that after nearly eight years of bellicose rhetoric, arrogant unilateralism and clandestine domestic and foreign policies, the disastrous Bush Administration is finally drawing to a close |
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 Leaders of the countries of the former Soviet Union seem to be motivated by their “infantile resentments” when criticizing Russia these days. Compared to the conditions of today’s “windward sailing,” those countries felt much more secure under the auspices of the Soviet Union. Criticisms coming from the West are mostly based on the longstanding tradition of confrontation coupled with the fears of “competition,” which was put in motion by the West itself |
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 10/15/2007 [news] / Business The three largest U.S. banks will create a rescue fund of sorts - potentially as large as $100 billion (70.3 billion EUR) - to help bail out troubled global credit markets. |
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 The situation looks rather strange: Russia has been writing off millions in debt owed by third-world countries. In the meantime, nobody wants to consider the possibility of canceling Russia’s foreign debt. Russia has been paying off hundred of billions in foreign debt which also includes funds owed by all other republics of the former Soviet Union. |
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 The U.S. economy's recent weakness may not hold back world economic growth as it would have in past years, if other countries are able to pick up the slack, the Conference Board says in its U.S. Outlook - Summer 2007. |
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