Economic crisis continues

The economic crisis continues.

US stocks hit lowest level in 12 years: here.

As unemployment hits double digits, California lurches towards depression: here. See also here.

At the Brussels summit, EU nations were unable to agree on any concrete measures to combat the mounting economic crisis: here.

In the face of the rapidly deteriorating global recession, job losses in Taiwan are rising sharply: here.

The new conservative John Key government in New Zealand convened a so-called “Jobs Summit” last week that brought business, banks, government and unions together to make a series of recommendations that will place the full burden of the deepening recession onto the backs of working people: here.