In Savar, an industrial suburb of Dhaka, Bangladesh’s capital, at least 300 workers, mostly women, died at the Rana Plaza garment factory building collapse on April 24. In addition to the appalling number of deaths, more than 1,200 were injured there in the worst industrial disaster ever to befall this country.
The search continues to find survivors trapped in the rubble. Emergency crews have heard cries of workers pleading to be rescued, many crying out that their children need them.
Feeling angry about being betrayed by a corrupt government owned by rich and corporate elites has driven the Occupy Wall Street movement. Emphasizing how the top one percent has prospered incredibly while the bottom 99 percent have been screwed royally is supported by countless data. New data show this is a global phenomenon and that even in the worst of economic times the wealthiest make out like the bandits they are, and there are a lot more of them than one percent.
A new report on Lehman Brothers says the bank was hiding billions of dollars in debt right before the financial crisis. Is this an indicator of widespread corruption in the United States financial sector? Is Wall Street getting away with even more shady practices?
Although Wall Street seems to be optimistic about economic recovery in the near future, economists like George Soros and Gerald Celente warn that things could only get worse in the future. Celente calls the U.S. economic system ‘perverted.’ RT’s Dina Gusovsky gets more details from Celente.
The Independent newspaper has reported that Middle Eastern countries along with Russia, Japan, China and France are holding secret meetings to end oil trading using the dollar. So what does this mean for the American dollar and the future of the global economy?
Gerald Celente – the most trusted name in trends – sits down for an exclusive interview with RT’s Anastasia Churkina to talk about what the future holds for America during and after the Great Recession, gives advice to Obama, and forecasts the unexpected.
In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes its going to be very violent in the U.S., including there being a tax revolt.
Vulture restructuring is a purging cure for a malignant debt cancer. The reckoning of systemic debt presents regulators with a choice of facing the cancer frontally and honestly by excising the invasive malignancy immediately or let it metastasize through the entire financial system over the painful course of several quarters or even years and decades by feeding it with more dilapidating debt. Henry Liu, “The Pathology Of Debt“