Patriot News Network

The following collection of articles by various authors are their opinions, inspiration and humor for your reading enjoyment.

War on Freedom

Eisenhower grim warning on military profit rings true!

January 17, 2011 - The term "military-industrial complex" entered the Amerikan lexicon 50 years ago today, when President Dwight Eisenhower warned of its dangers in an unusually frank farewell speech to the nation.

Road to Depression

Food prices set to rise after U.S. cuts crop stock forecasts!

LONDON, England - January 13, 2011 - Corn surged to an almost 30-month high in morning trading, after the U.S. government cut forecasts for domestic inventories, tightening global food supplies, after adverse weather slashed harvests.

Road to Depression

U.S. foreclosure filings may jump 20 percent in 2011!

NEW YORK - January 13, 2011 - The number of U.S. homes receiving a foreclosure filing will climb about 20% in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resume seizures after a slowdown, according to RealtyTrac, Inc..

“We will peak in foreclosures and probably bottom out in pricing, and that’s what we need to do in order to begin (a) reco

Road to Depression

Foreclosures filings set record in 2010!

NEW YORK - January 13, 2011 - The pace of foreclosures has slowed since revelations that thousands of foreclosure documents may have been improperly prepared, but for all 2010, almost 2.9 million U.S. properties received foreclosure filings, a record high, and up 2% from 2009.

Road to Depression

Higher energy and food costs lift wholesale prices!

WASHINGTON - January 13, 2011 - A spike in oil and food costs pushed wholesale prices up last month by the biggest amount in nearly a year, a trend that could threaten the still-fragile global economy.

The Producer Price Index, which measures price changes before they reach consumers, rose 1.1% in December, the Labor Department said Thursday. That was up from a 0.8% rise in November

Road to Depression

More people applied for jobless aid last week!

WASHINGTON - January 13, 2011 - More people applied for unemployment benefits last week after retailers shed temporary holiday employees.

Road to Depression

U.S. home price drops exceed Great Depression!

NEW YORK - January 11, 2011 - U.S. home prices fell for the 53rd consecutive month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow.

Home prices have fallen 26% since their peak in 2006, exceeding the 25.9% drop registered in the five years between 1928 and 1933, according to the housing data comp