The economy

A collection of stories, thanks to RiceFarmer

Economic collapse has not stopped

Markets Are Saying Economic Recovery Has Peaked

Europe Collapses To 2nd Worst Week In 11 Months

Unemployment Above 25% in Spain and Greece

Spain youth unemployment reaches record 56.1%

Eurozone crisis threatens Southern Europe’s public goods

Crisis-hit southern countries are selling state-owned goods to reduce their budget deficits, with Spain mulling the privatisation of national heritage sites and Greece is under pressure to have historical buildings managed by a foreign holding company.

India pushes 'shock and awe’ currency plan to save BRICS

India is pushing for joint “shock-and-awe” intervention by key developing states to halt capital flight and shore up currencies, in a move that risks backfiring and triggering a vicious spiral.

India could save $8.5 bln by buying extra Iranian oil - minister

Exploring the Impossible: India Seeks to Expand Trade in Rupees; India Stock Market Sinks; Rupee Decline Continues

Rupee’s Plunge Prompts Refiner to Embrace Iran: Corporate India

India’s factory output contracts as orders fall

For many Indians, overseas college degrees now unaffordable

India’s rupee fall stuns middle class

India Manufacturing PMI Contracts for First Time Since March 2009;

Eurozone Manufacturing PMI 26-Month High of 51.4

One Irish person emigrates every six minutes

Speedier clearances no magic wand for India's infrastructure logjam

GM sees auto industry slowing in turbulent Middle East

Singapore Stocks Worst in Developed World: Southeast Asia

Mexico sets ‘crusade’ to ease rural poverty, but will it work?

BRICS bank project struggles with ‘difficulties’

Boeing, Airbus face new threat of low jet sales

Bailout creditors send inspectors to Portugal

America's Energy Boom and the Rising U.S. Dollar

Economics and War

Should U.S. intervention in Syria trigger a region-wide war in the Middle East which spreads to East Asia and the Pacific, involving Russia and China, expect the Obama administration to take charge of the U.S. economy and initiate a socialist war regime. This would be necessary not only because of an interruption of the flow of oil from the Middle East. It is part of the logic of major military emergencies. Expect widespread rationing, wage and price controls as well as inflation. Any major military conflict is likely to produce such a result as it has in the past, during two world wars.