Financial crisis News

Athens - Access to new medicines for patients in Greece has been on hold since December 2010 and the arrears owing to pharmaceutical companies from the state-run health insurer total over 2 billion euros.

Toronto - 'Iceland' is a Canadian play that premiered last summer to much acclaim. It presents three monologues that examine the banking crisis, revealing our own attitudes to money, opportunity, wealth, and success in the process.

Many people are apprehensive of the direction in which the economy is going, and as these concerns over dire financial situations emerge across the world, people are actively searching for information.

The major European bank UBS has announced it will cut 10,000 jobs worldwide. This is an attempt by the bank to reduce its costs. The restructuring is a result of the bank's exposure to the global financial crisis.

Sydney - Globalization has revealed exactly how many idiots, elected and otherwise, there are in top echelons in business and government around the world. They insist on using old logic to solve new problems.

The US dollar (USD) could collapse within the near future. The USD could fall during the months of October or November of 2012 or shortly afterwards. It could be replaced by either a new global or North American currency.

For the last three or four years we have seen the continual demise of the US dollar's influence and the rapid growth in China currency swaps, currency controls and currency ties as strategies against the dollar's influence. What of the dollar's future?

Oakland - After receiving an eviction notice from the city, the Occupy Oakland General Assembly defied the order to disperse, shutting down streets and storming a Chase bank branch.

Garden Grove - The financial crisis and the troubled times that followed have hit every sector of the economy. Even churches have been hit hard. Now Crystal Cathedral in Garden Grove, California has filed for bankruptcy. It is apparent that nothing is sacred.

According to Klimaka, an organization that runs a helpline in Greece for people considering suicide, recent months have seen the suicide rate go up from 1 person a day in 2009 to more than 2 per day this year.