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February 15, 2012 09:09
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European austerity by the numbers: in or out of the euro zone today's figures are grim.

Statistics prove yet again: cutting alone will not help an economy

The European economic numbers flow across my computer screen, not quite as quickly as the ticker tape crawl at CNBC or Bloomberg, but there are a lot of them and virtually every one is bad. And in or out of the euro zone, they all point to the same thing: austerity isn't working.

In Greece: the economy contracted by 7 percent in the last quarter. Since austerity budgets began to be implemented two years ago Greece's debt had jumped from 115 percent of GDP to 166 percent of GDP, the Guardian reports.

In Britain: Unemployment is at 8.4 percent according to the Office of National Statistics, a 16 year high (I have reported on other sources of unemployment statistics here).

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Klu Klux Klan man dies again

News DeskAugust 3, 2011 21:19
Klu Klux Klansman James Ford Seale, 76, who committed one of the most heinous crimes of the segregationist South has died 43 years after being convicted of murder. In 1964 Searle tied blocks to the feet of two black teenagers and threw them still breathing into the Mississippi river where Charles Eddie Moore and Henry Hezekiah Dee were left to drown.
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