Saturday, May 1, 2010
Sovereign Debt across the Globe starts a domino effect of collapsing Countries. Oil production begins to decline in 2011 and Peak Oil brings about world wide Economic Collapse as Nations are unable to cope with Debt and higher energy costs. Social Anarchy erupts as the world is thrown into turmoil.
Labels:economy Collapse Meltdown Sovereign Debt Crisis
Clashes erupt between police and demonstrators as a 10,000 strong crowd marches through Athens, protesting against the government's latest economic reforms. A policeman's leg is set on fire as anarchists clash with police in the Greek capital Athens. .
Labels:economy Collapse Meltdown Greek protests
Labels:economy Collapse Meltdown Dubai
May 01, 2010 — Pres. Barack Obama used his commencement speech at the University of Michigan to respond to foes who portray government as oppressive and tyrannical. He also appealed for a more civil political debate. (May 1)
Labels:economy Collapse Meltdown Obama
Thousands of angry Greeks march against austerity : Tear gas fired at Athens rally as pay cut protests rage on
At least 10,000 people have marched in Greece to protest the government's economic reforms.
The May Day rally was marred by violence as groups of rioters clashed with police.
One officer was set on fire when molotov cocktails were hurled at security forces.
Workers are angry at the government's plan to impose even tougher spending cuts, as it seeks a financial rescue package from the European Union and the International Monetary Fund (IMF).
Police have used tear gas on protesters during a May Day march on the streets of Athens. Tens of thousands gathered in rallies called by trade unions and left-wing parties in protest against government austerity measures. The country's facing tax increases, pay and pension cuts, as Parliament struggles to solve the debt problem.