More than 8,000 French households’ tax bills topped 100 percent of their income last year, thebusiness newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of… Read More
Gold went down the toilet again on Friday, and is now close to revisiting its April lows. This gold weakness is causing a lot of consternation to fans of it who don’t understand how… Read More
Thousands of Italians have taken to the streets in the capital Rome to protest against tough austerity measures adopted by the government of Prime Minister Mario Monti. Thousands of anti-austerity demonstrators gathered in Rome’s… Read More
Rising U.S. shale oil production will help meet most of the world’s new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC… Read More
The middle class American worker is in danger of becoming an endangered species. The politicians are not telling you the truth, and the mainstream media is certainly not telling you the truth, but… Read More
A beleagured President François Hollande went on the offensive today calling for an “economic government” for the Eurozone and “political union” in Europe within two years. Stung by accusations that he has been too… Read More
J.C. Penney Co Inc (JCP.N) Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to… Read More
In Chapter 12 of David Stockman’s new book The Great Deformation, the outspoken truth-sayer discusses the realities of the end of the gold standard – from the the Bank of England’s ‘default’ in… Read More
Egypt is suffering its worst economic crisis since the Great Depression, a former finance minister of the country and one of its leading economists have warned. In terms of its devastating effect on Egypt’s poorest,… Read More
Gold has extended its slide, falling to the lowest in more than two years as a record rally in US equities and economic optimism undermine bullion’s safe-haven appeal. The metal is facing its sixth… Read More
