Patriot News Network

The following collection of articles by various authors are their opinions, inspiration and humor for your reading enjoyment.

Road to Depression

Japanese, Australian and Hong Kong markets tumble!

TOKYO, Japan - August 4, 2011 - Asian stock markets tumbled Friday amid fears the U.S. is mired in Depression and Europe’s debt crisis is worsening. The sell-off follows the biggest one-day points decline on Wall Street since the 2008 financial crisis.

Road to Depression

Unemployment rises in nearly all U.S. cities!

WASHINGTON - August 3, 2011 - Unemployment rates rose in more than 90% of U.S. cities in June, mirroring a national slowdown in hiring.

The Department of Labor said Wednesday that unemployment rates rose in 345 large metro areas. They dropped in 20 cities and were unchanged in seven. That's worse than May, when rates rose in only 210 cities; and it is a sharp reversal from April, whe

Road to Depression

New Yorkers fleeing state!

ALBANY, New York - August 3, 2011 - Taxed-out New Yorkers are voting with their feet, with a staggering 1.6 million residents fleeing the state over the last decade.

For the second consecutive decade, New York led the nation in the percentage of citizens leaving for other states, according to the report by the Empire Center for State Policy.

Road to Depression

AMBROSE EVANS-PRITCHARD: Europe's money markets freeze as crisis escalates!

By Ambrose Evans-Pritchard

LONDON, England - August 2, 2011 - The European money markets have begun to seize up as pressure mounts on the Italian and Spanish banking systems, tracking the pattern seen during the build-up towards the financial crisis in 2008.

Road to Depression

Amerikans cut spending for first time in 20 months!

WASHINGTON - August 2, 2011 - Amerikans cut back on their spending in June for the first time in nearly two years and their incomes grew by the smallest amount in nine months, a troubling sign for an economy that is barely growing.

Consumer spending dropped 0.2% in June, the Commerce Department said Tuesday. Some of the decline was caused by declining food and energy prices, which ha

Road to Depression

HSBC to eliminate 30,000 jobs all over the world!

LONDON, England - August 1, 2011 - High street bank HSBC is axing tens of thousands of jobs worldwide despite unveiling a multi-billion pound profit for the first six months of the year.

Road to Depression

Manufacturing growth hits lowest level in two years!

WASHINGTON (PNN) - August 1, 2011 - Manufacturers had their weakest growth in two years in July, a sign that the economy could further weaken this summer.

The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity fell to 50.9% in July, from 55.3% in June. The reading was the lowest since July 2009 - one month aft