Dollars Down the Drain: Economic News

House gives Obama $96.7b more for war – Raw Story 5/14/09

Senators keep $100b for IMF in war funds – Raw Story 5/21/09

CA plans layoffs to close $15.4B gap – Raw Story 5/14/09

Illinois to borrow $2B+ to pay off debts – Raw Story 5/14/09

The U.S. Federal Budget Pipeline: Where Do The Dollars Drain?  – Global Research 6/24/09

Mounting U.S. jobless claims force states to borrow – Reuters 6/28/09

Fifteen states have depleted their unemployment insurance funds so far, forcing them to borrow from the U.S. Treasury. A record 30 of the country’s 50 states are expected to have to borrow up to $17 billion by next year, said Rick McHugh of the National Employment Law Project, a nonpartisan advocacy group.

“We are setting the stage for big pressures for states to restrict eligibility and benefit levels,” McHugh said. “Those type of restrictive actions undercut the (Depression-era program’s) economic and social stability purposes.”

Nine million Americans are receiving jobless benefits, triple the number who got checks at the beginning of the year.

Jobless rates up in all 372 US metro areas – Raw Story 6/30/09

$2.775 billion in US aid supports Israeli nuclear weapons program – Global Research 6/30/09 

U.S. Will Pay $2.6 Million to Train Chinese Prostitutes to Drink Responsibly on the Job – Blacklisted News 5/14/09

The National Institute of Alcohol Abuse and Alcoholism (NIAA), a part of the National Institutes of Health (NIH), will pay $2.6 million in U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job.

After Major Florida Bank Fails, Carlyle Swoops In as a Buyer – Washington Post via Cryptogon 5/21/09

G.M. Draws Another $4 Billion From Treasury – NYTimes 5/22/09

The amount is $1.4 billion more than G.M. had initially estimated that it would need to operate until the end of May.

US: $100M in rush aid going to Pakistan – Raw Story 5/19/09

MI: 1/3 can’t collect unemployment– Raw Story 6/20/09

US businesses outsource 2,000 green jobs to India – Raw Story 5/2/09

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