We Are Not Going To War, We Are Going To War Perhaps…. Um The Army Decides. John Key Caught Lying Again!

John Key promised us before the elections there would be no involvement of New Zealand in any wars. We knew that would not be true of course because we had all heard this little clip: We have known for a very long time that John Key loves war. Just so long as it isn’t his […]

House prices ‘could drop another 55%’ and leave Britain bankrupt

House prices could slump by another 55 per cent, a respected City forecaster warns. It also predicts a deep recession lasting throughout next year and a ‘very real probability’ that Britain will go bankrupt. The report leaked yesterday from financial analysts Numis Securities says that the collapse in house prices is not ‘anywhere near over’. […]

Thousands of stores to disappear in ’09

NEW YORK (CNNMoney.com) — The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings. And, with thousands of fewer stores, the “shop-’til-you-drop” mentality that has characterized American consumerism could be coming to an […]

High Street hits back as early sales spark Christmas spending spree – but 15 retail giants will still go bust next month

Britain’s beleaguered High Street stores enjoyed one of their best weekends of the year as consumers spent more than £100million in just two days – but were warned up to 15 well-known High Street stores could still go bust next month. Up to 140,000 shoppers packed out Oxford Street, Regent Street and Bond Street in […]

Commercial bankruptcies soar, reflecting widening economic woes

WASHINGTON — Driven by a sour economy and skittish consumers, U.S. business bankruptcies saw their sharpest quarterly rise in two years, jumping 17 percent in the second quarter of 2008, according to an analysis by McClatchy. Commercial filings for the first half of 2008 are up 45 percent from last year, as the national climate […]