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Economists: Europe Is Headed For Six Quarters Of Recession | As Europe seeks to patch together a deal to keep the Eurozone together, economists at Citigroup see the continent headed for a long recession. “Our economists believe the sovereign debt and banking crises are causing a renewed recession in the Euro Area,” reads the analysis. “Beginning in 4Q 2012, they forecast real GDP to contract for 6 consecutive quarters. It is expected to be an especially protracted recession. Not even in Japan, during its lost decades, did real GDP decline for 6 consecutive quarters.”

New census record shows 1 in 2 people in America are now poor or low income

Is the housing market bouncing back? A wide range of indicators — construction, home sales, prices — have recently stabilized. Key word, stabilized, got to love it.

S&P downgrades nine euro countries Massive credit drop blamed on countries not having dealt with financial issues in a "sufficient size and scope".

Federal agency sounds alarm on American Airlines' pensions

Exxon Reaps Huge Profits, Pays Low Tax Rate

YOUNG VETERANS FACE 30 PERCENT UNEMPLOYMENT RATE

W.T.O. Grants Russia Membership

IMF chief warns over 1930s-style threats Lagarde speaks out against isolation

Movie executives see record profits, salaries despite piracy fear-mongering

Pension fund blacklists Walmart The largest pension fund in the Netherlands had divested itself of all shares in Walmart as a result of the company’s anti-union position and poor labor standards.

Americans Proving Clueless Paying Wall Street $20 Billion for Broken Swaps

Working Man's Death An unflinching portrait of physical labour in the 21st century.

American Airlines proposes to end all four pension plans