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He added that the most recent predictions could be compared to the economic situation in the early 1930s, which helped bring Adolf Hitler's Nazi Party to power.
The U.S. has the world’s biggest gold holdings at 8,134 tons, followed by Germany with 3,413 tons, World Gold Council data show. France has 2,487 tons and Italy 2,452 tons, while the IMF has 3,217 tons, according to the council.
Carrier Corporation -140
Scientific American Magazine -21
Holland, MI Public School System -30
XL Foods (Canada) -200
Caterpillar (NYSE:CAT) Research and Development Group -103
St. Bernard, OH School District -10
Chicago Tribune lays off their recession reporter
Peabody, MA School District -7
International Textile Group -100
Medtronic, Inc (NYSE:MDT) -240
WHYY-FM, Philadelphia PA -17
Embarq Corp (NYSE:EQ) -51
Sumitomo Electric Wiring Systems -79
L.L. Bean -200
Citigroup (NYSE:C) Private Equity Fundraising Group -45
Wells Fargo (NYSE:WFC) pink slips i-banking unit -150
Hawthorn, IL School District -23
Convergys Call Center -240
Clearwater Paper Corp. temporary layoffs (NYSE:CLW) -50
Tejon Ranch Corp (NYSE:TRC) -9
Springfield, OH City Schools -26
Lucia Mar, CA Unified School District -56
Bridgewater-Raynham, MA School District -11
TrinityRail North American Freight Car -659
Wauseon, OH School Board -8
National Public Radio -13
Rialto, CA Unified School District -93
Apple, Inc. Retail Stores -1,600
enton, MI School District -14
Columbus McKinnon Corp. -105
Anderson, IN Community Schools -70
YUSA Corporation -200
Wentville, MO GM Plant permanent layoffs -300
Steuben Glass -20
TOTAL - 7,670+
Mass layoffs in Germany could spark social unrest
Unemployed French workers kidnapping their bosses as labor protests spiral out of control
Roubini predicts double digit U.S. unemployment by Q4'09
In G7 capitals and financial centers, Public Servants and their elite Banksters - both central and money center banks and investment brokers - nervously tell their clients to wait for the inevitable recoveries, along with a chorus from the elite media stooges to fool the citizens and investors of their cluelessness. Neither the Chicago School nor Keynes can explain what is unfolding, and in the Austrian School everything is and has been predictable. Why are the first two considered mainstream? Because in both schools of thought GOVERNMENT is the answer rather than the problem. For the mainstream, the problems can always be solved by borrow, print, lend and spend.
As incomes are NOT sufficient to repay the debt, significant debt restructuring must take place and losses realized. However, very little, if almost NONE of the debt restructuring has yet occurred. Let’s take a look at the mountain of debt going all the way back to the inception of the Federal Reserve. The final severing of gold from the US currency at Breton Woods II in 1971 was the LATEST betrayal of the American people by Public Servants at that time since fiat money was constitutionally PROHIBITED and contrary to the constitution:
More at Link...
Swine flu epidemic fear grows, world on alert
MEXICO CITY (Reuters) - Governments around the world rushed on Sunday to check the spread of a new type of swine flu that has killed up to 81 people in Mexico and infected around a dozen in the United States.
Mexicans huddled in their homes while U.S. hospitals tracked patients with flu symptoms and other countries imposed health checks at airports as the World Health Organization warned the virus had the potential to become a pandemic.
The epidemic has snowballed into a monster headache for Mexico, already grappling with a violent drug war and economic slowdown, and has quickly become one of the biggest global health scares in years.
Boise, Inc. Newsprinting facility -105
First Student, Inc. -660
Hundreds of coal miners laid off
Rainbow Play Systems -74
Hanes Brands (NYSE:HBR) -500
Lockheed martin (NYSE:LMT) -225
GM Canada will Slash Jobs, Close 395
Dealerships - up to -14,000 jobs may be lost
Franklin-Springboro, OH Public Library -4
Ottawa Valley Railway (Canada) -30
Timken (NYSE:TKR) Announces additional cuts -4,000
Monahan Filaments -54
HSBC lays off 100 bankers in Hong Kong -100
Legg Mason -24
Portfolio Magazine -80
PPG Industries -110
Allegan, MI Educational Service Agency -20
Magna International (Canada) temporary layoffs -725
Industrial employment in Alabama fell 4.5% in 12 months
Lakeside Steel (Canada) -29
General Motors (NYSE:GM) announces cuts, kills Pontiac brand -21,000
Heifer International -68
Vancouver, BC (Canada) School System -80
Sutton Bros. Lumber -12
Exide Corp Update - 567
TOTAL - 43,062 est.. -
...includes other parts of the world. Because - we are certainly all in this together...
Swine Flu and The Economy: Disconnect or Tipping Point?
Layoffs imminent at First Bank of Idaho after FDIC seizure
Russian jobless rate hits 10%, 3.5 million out of work
Recession has forced nearly half of all hospitals to shed staff