OIL prices up four and a half dollars in two days

OIL PRICES up $4.46 in two days? Any question speculators are just using purported good economic news to drive the price back above $90 ??! This nonsense is keeping us from faster recovery!

It's not "austerity", it's GFC.[German Financial Control]

Criticism of German-mandated austerity in some of Europe's most-leaguered nations -- and in the center-left opposition in Germany itself -- has triggered a "1984"-style "newspeak" terminology change. German officials appear to turn testy when the word "austerity" is mentioned these days, and in recent months have deliberately adjusted their language to use the term "growth-friendly consolidation" to describe their policy approach. "I call it balancing the budget," German chancellor Merkel stated. "Everyone else is using this term 'austerity'. That makes it sound like something truly evil."

Like "Nazism"?

Richest get richer, poor get screwed

Pew Research Center reported that between 2009 and 2011, the mean net worth (MNW) of the upper 7% of the wealthy went up an estimated 28%, while the MNW of the lower 93% dropped by 4%. So while you and I were still sinking in the mud of the recession, the upper crust increased their wealth by more than a quarter! What does this say about our capitalistic economic system? That the rich always come out on top?? Who built this pile of ship that it works this way? Oh, yeah: they did.

Soros warns Germany will join in Eurecession

Despite the fact that Germany expects a slightly positive growth in GDP this quarter, billionaire investor George Soros says they will be in recession by September, joining other Eurozone countries mired in financial woe. He blames their continued push for austerity across the Eurozone, in the face of declining exports to the rest of Europe, which account for 40% of Germany's international trade.