Unemployment to hit three million within a year as it rises at fastest rate for 17 years

Cuts: Unemployment rose by 164,000 in the three months up to August and could hit two million by Christmas as the credit crunch hits homeUnemployment could hit three million by the end of next year to levels not seen since John Major was in power as Britain battles recession, it was warned today.The rate [...] continue reading the breaking news

Whistleblower: Oil watchdog agency ‘cult of corruption’

HONOLULU, Hawaii (CNN) — Bobby Maxwell kept a close eye on the oil industry for more than 20 years as a government auditor. But he said the federal agency he worked for is now a “cult of corruption” — a claim backed up by a recent government report.Bobby Maxwell, a long-time auditor of the [...] continue reading the breaking news

CNN’s Glenn Beck and Peter Schiff: Inflation Nation and Martial Law

Added: Oct. 13, 2008Source: YouTube continue reading the breaking news

Switzerland Bails Out UBS; Credit Suisse Raises Funds

Pedestrians walk past a branch of the UBS bank in Bern, Switzerland, on Thursday, Oct. 2, 2008. Photographer: Adrian Moser/Bloomberg NewsOct. 16 (Bloomberg) — Switzerland gave UBS AG, the European bank with the biggest losses from the credit crisis, a $59.2 billion rescue and pushed Credit Suisse Group AG to raise funds, joining authorities around [...] continue reading the breaking news

Afghan strike kills at least 18 civilians

The issue of civilian casualties is hugely controversialAt least 18 civilians have been killed in an air strike by foreign forces in the southern Afghan province of Helmand, reports say.A BBC reporter in the provincial capital Lashkar Gah saw the bodies - three women and the rest children - ranging in age from six [...] continue reading the breaking news

Birmingham on the brink of bankruptcy

With $3.2 billion in debt, the county that is home to Alabama’s largest city is about to go bust. How the credit crisis went South.(Fortune Magazine) — Bob Riley wanted to help. It was Sunday, Oct. 5, and the Alabama governor was on the phone with Neel Kashkari, a Treasury Department official who the next [...] continue reading the breaking news

Big Brother database: the revolt grows

Labour MPs join opposition parties in attack on Home Secretary’s ‘Orwellian’ plansJacqui Smith faces a parliamentary backlash over “Orwellian” plans to intercept details of email, internet, telephone and other data records of every person in Britain. Labour MPs joined opposition parties in expressing doubts about plans announced by the Home Secretary which could lead to [...] continue reading the breaking news