Free Republic

Timing of this in "interesting".

The warnings are getting louder. Is anybody listening? For months, I have been documenting on my website how the global financial system is absolutely primed for a crisis, and now some of the most important financial institutions in the entire world are warning about the exact same thing. For example, this week I was stunned to see that the Telegraph had published an article with the following ominous headline: “$3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF“. And actually what we are heading for would more accurately be described as a “credit freeze” or...

Onslaught of globalisation, outsourcing and rising competitiveness of countries like India, besides the American worker pricing himself out of the market with huge pay cheques, health insurance and other benefits, has led to a situation where US companies have virtually zilch for employees wage increases. These are the major reasons given by economists to explain why employees, across the spectrum of activities in US economy, are increasingly facing a situation where their companies are left with less money for raises. If not a wage freeze, figures being bandied about are as low as 2% wage increases! The fear amongst most...

US House cuts back military aid for Poland 2005-03-17, 14:17 The US House of Representatives approved an $81.4 billion war spending bill that would slash President George Bush's foreign aid request and add nearly $2 billion more than he sought for defense. The bill cuts $400 million that Bush had asked for to reward war allies within the so-called Solidarity Fund. One fourth of the fund money was supposed to be given to Poland – according to the promise president Aleksander Kwasniewski brought back from his talks with GW Bush earlier this year. In a statement the White House asked...