Why you may retire in poverty | Reuters

Why you may retire in poverty | Reuters

Obama to businesses: Bring jobs home | Reuters

Obama to businesses: Bring jobs home | Reuters: (Reuters) - "President Barack Obama kicked off an effort to encourage businesses to keep jobs at home instead of outsourcing them overseas, as he rolled out a new election-year theme on Saturday aimed at courting middle-class voters."

Obama regrets US debt as he ends Asia trip - Asia-Pacific - Al Jazeera English

Obama regrets US debt as he ends Asia trip - Asia-Pacific - Al Jazeera English:" If we want an economy that's built to last and built to compete, we have to change that. We have to restore America's manufacturing might, which is what helped us build the largest middle-class in history," Obama said.'

Eight arrests at Dallas bank protest | wfaa.com Dallas - Fort Worth

Eight arrests at Dallas bank protest | wfaa.com Dallas - Fort Worth

Middle-Class Neighborhoods Shrinking, Report Finds - NYTimes.com

Middle-Class Neighborhoods Shrinking, Report Finds - NYTimes.com

Many in U.S. slip from middle class, study finds - The Washington Post

Many in U.S. slip from middle class, study finds - The Washington Post: "Nearly one in three Americans who grew up middle-class has slipped down the income ladder as an adult, according to a new report by the Pew Charitable Trusts."

The land of opportunity, no more!

Pentagon and its supporters brace for deeper cuts | Reuters

Pentagon and its supporters brace for deeper cuts | Reuters

The cuts would be of about $200 billion/year leaving $600 billion untouched, and Gates is thinking more like $75 billion/year reduction.

Also, since the CIA is now ran by Petraeus -which is a conflict of interest being a General- and since the CIA can now bomb sovereign countries, the budget lines will be blurred between military and, CIA and Co'. budgets. And nothing was said about the CIA and Co. budgets. Maybe they plan to increase them?

Right now Obama wants to rally the center left; it is simply propaganda. And most importantly a way to hide that we can't dislodge Gadhafi and that we have already spent over a billion dollars on the Libyan illegal war; that the economy is about to collapse again: unemployment is growing,  the middle class is chocking and that it is likely that by the time people reach retirement age, if they do, they won't have any money left ...  and the list keeps going.

The real causes of the economic crisis? They’re history. - The Washington Post

The real causes of the economic crisis? They’re history. - The Washington Post

This article must be read.

Asking too much of U.S. consumers | Reuters

Asking too much of U.S. consumers | Reuters

Chrystia Freeland | Analysis & Opinion | Reuters.com

Chrystia Freeland | Analysis & Opinion | Reuters.com

401(k) rip-offs: How to protect yourself | Reuters Wealth

401(k) rip-offs: How to protect yourself | Reuters Wealth

These 401Ks have been an easy way to empty the pockets of middle class.

How safe are your savings? -Reuters

"Let’s say a broker or banker offered you a way of reaping market gains while protecting your principal. You’d jump at it, wouldn’t you?

Thousands did and were burned to the tune of more than $113 billion in complex “structured” products since 2008, including Florida businessman Charles Replogle and his 86-year-old mother. They were told that the principal-protected notes sold by UBS Financial Services were safe." Reuters

Oil Company CEOs Defend Profits and Government Subsidies

Oil Company CEOs Defend Profits and Government Subsidies

As the middle class tighten its belt the oil companies make huge profits and don't pay federal taxes.

UK inflation soars - The Guardian

I think we can expect the same here; the middle class will experience a huge downward mobility; this will inevitably further damage the economy.