The recent reform to Germany’s state pension scheme is a swindle designed to force the elderly into poverty: here.
European Union finance ministers delayed a decision on disbursing an 8 billion euro loan needed to avert a default by Greece next month and rejected proposals by US Treasury Secretary Timothy Geithner to expand the EU’s bailout fund: here. And here.
Greek workers have embarked on a series of occupations of state and municipal buildings as well as mass marches: here.
US District Court Judge Ronald Leighton ruled Longview, Washington Local 21 of the International Longshoremen and Warehouse Union (ILWU) in contempt of court for defying an order to cease blocking trains entering the port terminal: here.
Middle-Class Death Watch: As Poverty Spreads, 28 Percent of Americans Fall Out of Middle-Class. David DeGraw, Amped Status: “The promise of the American dream has given many hope that they themselves could one day rise up the economic ladder. But according to a study released those already in financially-stable circumstances should fear falling down a few rungs too. The study… found that nearly a third of Americans who were part of the middle-class as teenagers in the 1970s have fallen out of it as adults… its findings suggest the relative ease with which people in the U.S. can end up in low-income, low-opportunity lifestyles – even if they started out with a number of advantages”: here.