The gutting of the social commons and expropriation of institutions created to buffer citizens against the ravages of nature of the rapacity of their fellow humans continue unabated.
USA TODAY highlights one of the more despicable twists of the Tea Party raptors, eager to bring about the Apocalypse. Nothing else matters, including the lives of those Jesus told his followers to nurture:
47M Americans hit by food stamp cuts starting today
Food stamp benefits will be cut to more than 47 million Americans starting Friday as a temporary boost to the federal program comes to an end without a new budget from a deadlocked Congress to replace it.
The Atlantic Wire has more:
Today’s Food Stamp Cuts Are Only the Beginning
Today 47 million Americans on food stamps will see their benefits slashed by 13 percent as the program takes a $5 billion budget hit. If Republicans have their way, this could just be the beginning.
And the Oakland Tribune examines the impacts on the four million Californians who receive food stamps:
Cuts to food stamps hitting millions of Californians to start Friday
The cuts mean a family of four will receive $632, or $36 less per month in federal food assistance, even as California food costs rise. That is the equivalent of losing roughly 21 individual meals per month based on calculations used by the Department of Agriculture.
From Reuters, cut-throat commerce:
Walmart kicks off online holiday deals early in intense season
Wal-Mart Stores Inc is kicking off its online deals on Friday, a month earlier than usual – underscoring worries that intense discounting aimed at luring budget-conscious shoppers could result in the most tepid holiday spending rise in four years.
And Al Jazeera America covers business as usual at Iron Mountain, the records management giant:
Workers allege union busting at government contractor in Georgia
Managers can be heard apparently confronting organizers on leaked recordings: ‘I know what you did. It’s all out.’
From the San Francisco Chronicle, blue collar academics:
Growing number of part-time professors join unions
Thousands of part-time college professors are joining labor unions, a growing trend in higher education that’s boosting the ranks of organized labor and giving voice to teachers who complain about low pay and a lack of job security at some of the nation’s top universities.
Another warning, via CNBC:
US factory activity tumbles to one-year trough: Markit
The pace of growth in the U.S. manufacturing sector hit a one-year-low in October as factory output slowed sharply, an industry report showed on Friday.
Predatory cable from Slashdot:
Comcast Donates Heavily To Defeat Mayor Who Is Bringing Gigabit Fiber To Seattle
Reuters gives us a global story:
Property hot spots renew easy-money bubble fears
From China to Canada and London, fast-rising property markets are haunting the global economy again, five years after the U.S. subprime mortgage bubble burst and triggered the worst financial crisis since the 1930s.
And Want China Times covers some responsible parties:
Seattle and London see influx of Chinese house buyers
It is becoming increasingly popular for Chinese nationals to buy houses in foreign countries due to the restrictions imposed on purchasing houses at home.
Baltic Dry Index Shows The Global Economy Headed For A Slowdown
Off to Europe with a regional story from Europe Online:
Eurozone inflation slumps to four-year low in October
Annual inflation in the eurozone fell to a four-year low in October, according to data released Thursday.
The annual cost of living in the currency bloc slumped to 0.7 per cent this month from 1.1 per cent in September, the European Union’s statistics office Eurostat said.
Keep Talking Greece covers a questioning of the gospel:
EP vice president to investigate Troikas’ work in four eurozone countries
This is going to be an evaluation, not a condemnation”, stresses Othmar Karas, Vice President of the European Parliament, who will lead the parliamentary inquiry into the work of the troika in Greece, Cyprus, Portugal and Ireland.
More from To Vima:
Schulz: “Apologizing is not enough”
President of European Parliament initiates investigation on troika and demands justice be served for the damages caused by the exhaustive austerity programs
The President of European Parliament Martin Schulz gave an interview to Italian daily newspaper La Repubblica, where he professed that “it is not enough to apologize” and that responsibilities must be assumed for the austerity programs implemented in Greece, Spain, Ireland and Cyprus.
On to Britain, with some bad news for the news business from the Financial Post:
Thomson Reuters to cut 3,000 jobs as part of speed up of cost cutting plan
Thomson Reuters Corp., a provider of news and information services, plans to cut 3,000 positions, or about 5% of the workforce, in a bid to focus on growth markets and boost profitability.
CNBC has a potential job for the NSA:
British plan to unmask shell companies puts pressure on US
Anti-corruption groups are praising a new initiative by British Prime Minister David Cameron to unmask the owners of hundreds of anonymous shell companies, and they are calling on other countries—particularly the United States—to follow suit.
And Banksters Behaving Badly from the London Telegraph:
Barclays suspends currency traders as forex probe widens
UK bank Barclays places staff on suspension, as US banks Citigroup and JP Morgan are dragged into a growing currency market rigging investigation
France next, with a rebuke to a racist resurgence, via RFI:
No explosion of asylum seekers figures in France, NGO
There is no “explosion” of asylum seekers in France, the head of an NGO that works with would-be immigrants has told RFI, and the country has taken in a limited number of refugees from the Syrian conflict, despite its vocal opposition to President Bashar al-Assad.
Spain next, first with another sell-off via El País:
Boosted investment data reflects renewed global interest in Spain
China’s Sinopec currently negotiating to buy Repsol’s 30-percent stake in Gas Natural
Two major corporate deals announced on Thursday alone
There’s another Spanish property up from grabs, or so this headline from Europe Online would indicate:
Spanish electrical appliance maker Fagor closer to bankruptcy
The large Spanish electrical appliance maker Fagor edged closer to bankruptcy on Thursday as its Polish subsidiary filed for protection from its creditors.
And from Europe Online again, a trans-border action:
Strikes disrupt rail traffic in Portugal and Spain
Strikes on Thursday disrupted rail traffic on the Iberian Peninsula, with the Lisbon underground coming to a standstill while less trains operated in Spain.
The Portugal News covers a victory for austerity:
Coalition forces through 2014 budget
Portugal’s ruling centre-right coalition government approved the country’s second amending budget of the year on Friday, against all the opposition parties.
To Italy next, with ANSAmed covering a plea from Enrico Letta:
Europe must turn from austerity to growth, says Italian PM
Letta calls for joint efforts and warns against anti-EU populism
After the jump, Greek deconstruction continues, mixed reports from Latin America, China’s neoliberal crusade continues, and the latest chapter of Fukushimapocalypse Now! . . . Continue reading