Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Thursday 31 January 2013
US Economy Shrinks for First Time Since 2009
The US economy unexpectedly contracted in the fourth quarter of 2012, suffering its first decline since the 2007 to 2009 recession as businesses scaled back on restocking and government spending plunged. Gross domestic product fell at a 0.1 percent annual rate after growing at a 3.1 percent in the third quarter of 2012, the Commerce Department said on Wednesday. Al Jazeera's Alan Fisher reports from Washington, D.C.
