New age of rebellion and riot stalks Europe

January 22, 2009 Roger Boyes Iceland has no army, no navy and no air force – but it does have riot police. On Tuesday night the black-uniformed troopers came out to quell the latest riots in Reykjavik, which erupted in front of parliament. The building was splattered with paint and yoghurt, the crowd yelled and…

Global financial crisis sparks unrest

03 Feb 2009 16:43:25 GMT Source: Reuters (Updates with Latvia)  Feb 3 (Reuters) – Here are some details of protests and developments as a result of the global financial crisis:  * BRITAIN:  — A decision by France’s Total to bring Italian and Portuguese workers to build a unit at the Lindsey oil refinery has triggered…

Meltdown in US finance system pummels stock market

By PATRICK RIZZO and JOE BEL BRUNO, AP Business Writers 14 minutes ago The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure of one of its most venerable banks and wondered which domino would…

Wholesale inflation is worst in 27 years

  By MARTIN CRUTSINGER, AP Economics Writer Soaring costs for gasoline and food pushed inflation at the wholesale level up by a larger-than-expected amount in June, leaving inflation rising over the past year at the fastest pace in more than a quarter-century. The Labor Department reported that wholesale prices jumped by 1.8 percent last month,…

Sarkozy raps globalised economy

French President Nicolas Sarkozy has warned of political and social unrest unless there is greater regulation of the globalised economy. He argued that the current system of “speculation and dumping” cannot continue. “We have to overhaul everything,” he said. He called for a larger role for social institutions in financial regulation. The president was speaking…

Tax Day revolution brewing

Jeff Weingarten, chair of the Morristown Tax Day Tea Party pictured at the Tea Party held in Manhattan in February.   CLIFTON – “A revolution is brewing” and it promises to boil over on April 15 at the hundreds of Tax Day Tea Parties reminiscent of the original Boston Tea Party. In 1773 American colonists, fed…

Iceland’s Prime Minster Says Government Collapsed

Monday , January 26, 2009 Iceland’s coalition government collapsed Monday, leaving the island nation in political turmoil amid a financial crisis that has pummeled its economy and required an international bailout to keep the country afloat. Prime Minister Geir Haarde said he was unwilling to meet demands from his coalition partners in the Social Democratic…

A million French workers march on ‘Black Thursday’

About a million French workers staged a one-day strike yesterday and hundreds of thousands took to the streets in a show of force against President Sarkozy and his handling of the economic slump. The stoppage, mainly by public sector workers, closed many schools but failed to paralyse public transport as the strikers had hoped. The…