This week has been a rough week for the global economy. The stock market fell dramatically. S&P downgraded the U.S.’s credit rating from AAA, its highest rating, to AA+ for the first time in history. The Eurozone continues to be in trouble with Spain and Greece possibly needing a bailout. In addition, London, and other parts of Great Britain, experienced days of violent riots, fueled by grievances over police racism, austerity, inequality, and the growing economic suffering of Britain’s poor and working masses. Certainly not a good week. Read the rest of this entry »
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