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America Has ‘Reached The Point Of No Return,’ Reagan Budget Director Warns By Nathan Diebenow

The Obama administration's $78 billion cut to US defense spending is a mere "pin-prick" to a behemoth military-industrial complex that must drastically shrink for the good of the republic, a former Reagan administration budget director recently told Raw Story. "It amounts to a failed opportunity to recognize that we are now at a historical inflection point at which the time has arrived for …

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‘The Next Financial Crisis is Not Far Off’ By Jayati Ghosh

We were told the world economy was back on track, but festering problems threaten to hit developing countries hard By Jayati Ghosh December 30, 2010 "The Guardian" – -It's been an difficult year globally. It began with much relief and congratulations all round, based on perceptions that the financial crisis had been handled effectively, that the Great Recession was over and …

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Exclusive: US Empirae Could Collapse At Any Time, Pulitzer Winner Tells Raw Story, By Nathan Diebenow

America's military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable, according to a former New York Times war correspondent who spoke with Raw Story. "The when and how is very dangerous to predict because there's always some factor that blindsides you that you didn't expect," Pulitzer-winning journalist …

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Euro collapse ‘possible’ amid deepening divisions over bail-out

  It is feasible that the euro will not survive the current sovereign debt crisis sweeping Europe, one of the Treasury's leading independent forecasters has said. Greek prime minister George Papandreou and European Commission president Jose Manuel Barroso speaking to the press on Monday Photo: BLOOMBERG Under questioning from MPs on the Treasury Select Committee, Stephen Nickell, a member of the …

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Live Webinar: “Interest-Based Finance and Global Warming: Making the Connection”

  How does interest-based finance contribute to global warming? And how does Islamic finance provide an alternative? We explore these and other topics in this 40 minute presentation and follow up with your live Q&A.   Cost: FREE  Where: The comfort of your desk  When: 6pm Dubai time, Sunday, December 12, 2010 What You Get: 40 minute presentation with slides Live Q&A Guidance …

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