Link: http://socialistworker.org/2012/05/29/the-no-jobs-generation

"MEMBERS OF the Class of 2012: As a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you're picking up today. "You're f*cked."

Link: http://wsws.org/articles/2012/may2012/loan-m29.shtml

The impoverishment of American students and their families by student loan debt has become a well-known fact. A generation of young people are facing financial desperation in order to make huge monthly payments on their loans. The scale of this collective debt affects all aspects of their lives:

• 39 percent of 18-to-29-year-olds have no health insurance.
• 23 percent say they cannot buy basic necessities.
• 20 percent have credit card debt of more than $10,000.
• 49 percent have taken a job they didn’t want in order to pay bills.
• 24 percent have moved back home with parents to save money.
• 20 percent have postponed marriage.
• 22 percent of 18-to-34-year-olds have postponed having children.

Link: http://wsws.org/articles/2012/may2012/syri-m29.shtml

The massacre of over 100 people in Houla is being utilized by the United States, other Western powers and the Gulf States to step up their drive for regime-change in Syria. Thirty-two children and 34 women were among Friday’s dead, the United Nations has said.

Link: http://my.brainshark.com/The-President-s-8-Billion-Coincidence-356086344

Remember what FDR said, "There are no coincidences in politics..."

Link: http://www.latimes.com/business/realestate/la-fi-home-prices-20120530,0,4204709.story

Home prices ended the first quarter at their lowest point since the U.S. housing crisis began, a closely followed index of home values showed, but analysts found indications of growing stability in the turbulent housing market.

Link: http://www2.timesdispatch.com/business/2012/may/29/us-consumer-confidence-hits-lowest-level-8-months-ar-1949933/

Americans' confidence in the economy fell in May to its lowest level in eight months as consumers fretted about slow hiring, a big stock market drop and the global economy, says a private research group.

Link: http://www.silverdoctors.com/harvey-organ-jpm-unwinding-irswaps-losses-could-bring-down-the-whole-financial-system/

The Doc spoke with financial/metals analyst Harvey Organ this weekend to discuss the escalation of the European debt crisis, JP Morgan’s derivatives crisis, and the gold and silver markets.

Link: http://www.japantoday.com/category/business/view/japan-and-china-to-start-direct-currency-trading-on-friday

Japan and China will start direct currency trading this week, Tokyo said Tuesday, the first time Beijing has let a major unit other than the dollar swap with the yuan. The move, which will scrap the greenback as an intermediary unit, comes as China introduces measures as part of a long-term goal of internationalizing its currency to rival the dollar.

Link: http://patriotsforamerica.ning.com/forum/topics/atrazine-is-a-deadly-herbicide-used-by-lawn-chemical-companies

GMO Firm Syngenta allegedly tainted the water supply of 52 million with hormonally-disruptive chemical Atrazine. The Swiss-based GMO company Syngenta settled a class action lawsuit for some $105 million over the dangers posed by its gender-bending herbicide Atrazine. Water utilities in the U.S. Midwest sued over alleged contamination resulting from Syngenta’s weed killer Atrazine, which leaked into systems and potentially affected the drinking supply of some 52 million Americans in more than 2,000 water districts, according to the Wall Street Journal. Atrazine, used as a herbicide by half of American corn growers, is banned in Europe and linked to “disrupting sexual reproductions in frogs” with some studies also linked to reproductive problems in humans.