A slowdown in Australia's mining industry is spreading, with Fortescue Metals and Rio Tinto joining BHP Billiton in announcing cutbacks amid slumping commodity prices and rising production costs. http://on.wsj.com/PYHeoF
+ Fortescue Metals Group has announced the sale of its 125 megawatt Solomon power station in the Pilbara to Canadian group TransAlta for $US300m. http://bit.ly/OWcqER
+ A record 46 million Americans are on food stamps. The cost in June? $6.025 billion.
FULL STORY: http://cnb.cx/TjwXE7
+ Working out how to help the world’s poorest depends on where they live. Research has shown that four-fifths of those surviving on less than $2 a day live in middle-income countries. This matters because these countries can afford to help their own poor. If most of the poverty problem lies within their borders, then foreign aid is less relevant to poverty reduction http://econ.st/OQUqvC
+Greece Lost $261 Billion in Illicit Financial Outflows from 2003-2011, GFI’s Baker Tells Der Spiegel Nearly US$200 Billion in Illicit Inflows to Greece from 2010-2011, fueling 2nd Largest Underground Economy in the OECD, GFI Director Tells German Magazine
From 2003-2011, Collective Illicit Financial Flows into and out of Greece Total US$509 Billion-http://www.gfintegrity.org/content/view/574/70/
+ more under POSTS 're: News: Outlook: Aus shares set for a soft ...'+'re:why would you buy banks'+'re: economists weigh a chinese hard landing'+'re:a billionaire's bet- video' + 're:gold' + 'what the economic crisis really means-video' + 're:crisis could be over in 1-2 years' + 're:economy' + 're:warning after mining boom is over' + 're:china bubble burst:gold bubble read' + 're:whoever said mining boom is over is a clown' + 're:everyone is slamming australia' n others too- many articles and videos there showing whole integrated world is in a mes
