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UK Gov’t Departments told to draw up plans for 40% spending cuts

Hollow Men of Economics (How Economists Ignore Energy)

Governor puts 200,000 state workers on minimum wage

Austerity alarm

Free ride for oil may be over

Illinois Stops Paying Its Bills, but Can’t Stop Digging Hole

U.S. Consumer Bankruptcies Rise 14% in First Half

Tale of Two Cities Struggling to Survive

Home Prices Could Fall Another 50%

China manufacturing PMI shows growth cooling in June

1.3 million unemployed won’t get benefits restored

The recession is over. The depression has just begun.