World-News

http://www.lewrockwell.com/rep2/housing-armageddon.html

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Stocks Up, Houses Down and What This Means for Most Americans

Robert Reich, Robert Reich's Blog: "Put your ear to the ground and you can almost hear the bulls stampeding. The Dow closed above 12,000 Tuesday for the first time since June 2008. The Dow is up 4 percent this year after increasing 11 percent in 2010. The Standard & Poor 500 is also up 4 percent this year, and the Nasdaq index, up 3.7 percent. 'The U.S. economy is back!' says a prominent Wall Streeter. Ummm. Not quite."

http://www.truth-out.org/robert-reich-stocks-up-houses-down-and-what-this-means-most-americans67380



Recession Takes Severe Toll on Low-Income Renters

Tony Pugh, McClatchy Newspapers: "Rising rents, stagnant wages and high unemployment led more than 7 million U.S. households either to live in substandard dwellings or pay more than half their monthly incomes for rent in 2009, according to a federal report delivered to Congress on Tuesday. During the height of the Great Recession, the number of low-income households with 'worst-case housing needs' increased by nearly 1.2 million, or 20 percent, from 2007 to 2009. That's the largest two-year increase since the Department of Housing and Urban Development began tracking the data in 1985."

http://www.truth-out.org/recession-takes-severe-toll-low-income-renters67395

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The fear created by fractional reserve

Fr33 Agents
by Szandor Blestman

01/31/11

You?ve been a good person all your life. You?ve worked hard. You?ve played by the rules. Yet this feeling in the pit of your stomach grows. The uncertainty metastasizes. You find yourself worrying about what the future will bring. You may realize that maybe you?re not so invulnerable after all. This has happened, in my opinion, by design. The fractional reserve system that is in place in the modern world is one designed to funnel wealth to a very few privileged and extremely wealthy elite masters...

http://tinyurl.com/4j5gny4


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=fractional+reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy+elite
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://freepage.twoday.net/search?q=Department+of+Housing+and+Urban+Development
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Tony+Pugh
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Szandor+Blestman
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