crisis

The BBC have published an astonishing article today claiming the current financial and economic crisis is no ordinary recession but something much more sinister, the fall of western civilization and the rise of the East. Both Europe and the US are entering a new recession, according to the BBC...

After every great depression comes war or revolution. What's it gonna be this time? Horrible scenes in Londonstan today where millions are unemployed and on benefits. It seems the "Arab Spring" was only the beginning of something much bigger, I hope I am wrong. Europe is in deep crisis...

...the global economic recovery will suffer and there are even feears of another recession in the US. http://www.economist.com/blogs/democracyinamerica/2011/06/euro-zone-crisis The moment Greece declares bankruptcy the euro will sink and the European Union will be ripped apart. The United...

Portugal is in dire straits, the country is virtually bankrupt and has asked the EU for bailout. http://news.smh.com.au/breaking-news-world/portugal-finally-asks-eu-for-bailout-20110407-1d4pi.html Too many countries in the EU are now on life support and instead of improving recession...

WASHINGTON - A trace amount of radioactive iodine, well below levels of public health concerns, has been detected in milk from the state of Washington as the US monitors radiation levels amid the nuclear crisis in Japan, US regulators said on Wednesday. "These types of findings are to be...

As expected radioactive particles from Japan's nuclear disaster have reached Europe, exactly ten days after the mega earthquake. :unreal: http://www.dailymail.co.uk/news/article-1368716/Japan-nuclear-crisis-Fukushima-heats-AGAIN-aftermath-earthquake-tsunami.html Radioactive material will now...

http://www.cnn.com/2011/WORLD/asiapcf/03/18/japan.disaster/index.html?hpt=T2 Tokyo (CNN) -- Rescue workers in Kesennuma, Japan, pulled a young man from the wreckage wrought by last week's 9.0-magnitude earthquake and subsequent tsunami, the Japan Self-Defence Forces said Saturday, offering an...

When 2011 started I knew it would be just another annus horribilis but never imagined the world will turn upside down in just three months. From January to March 2011 Arab World Revolution Civil War in Libya Terrorist attack at Domodedovo Rising food prices worse than crisis in 2008 One of...

Every great depression results in war or revolution - we studied this in university. Oil prices are set to hit $200 a barrel and some say even more. Global food prices are skyrocketing, pushing millions into starvation. Inflation will create more angry protesters, not only in Arab nations...

The International Monetary Fund (IMF) has warned that civil wars and widespread social unrest may break out because the global recovery is built on unstable foundations. IMF chief Dominique Strauss-Kahn (pictured) has highlighted ‘dangerous’ imbalances that threatened to derail a global...

Residents take pictures with their mobile phones of the body of a man killed by gunfire on January 11, 2011 in Abidjan. At least two civilians were killed after lengthy bursts of gunfire were heard in a tense neighbourhood of Ivory Coast's crisis-stricken commercial capital Abidjan. Two...

The New York Times published an interesting article yesterday discussing the current spike in global food prices and whether this could herald another global crisis. You can read the article here. & Discuss the situation in your country. In Bulgaria prices are going up every week.

Large empires come and go - we know this from our history lessons. European Countries are collapsing one after the other like dominoes. More shock today as it was announced that Belgium's debt reached 100% of annual national income. :unreal...

November 15th, Shanghai, China. A fire erupted, apparently within construction materials and scaffolding surrounding an occupied 30-story apartment building under renovation. The flames quickly spread to the building itself and soon engulfed the entire structure. Workers and residents...

Welcome to Ireland: Thousands of new homes remain unoccupied in the so-called "ghost estates" after Ireland's property bubble burst and threatens to pull the rest of Europe down. Experts predict Spain and Italy may be next. Read more & discuss...

Do you know someone who has lost their job? A friend? A family members? Please share your experience of the Global economic meltdown of 2009 in your area. I have four friends losing their jobs in a single month. One 27-year-old neighbour who had a decent job is now surviving on welfare. I...