PID News

The tent city was erected on Rothshild Boulevard? You’re kidding. Seriously though, with our nation in massive debt, our people stealing metals doors and headstone copper to sell, others killing park pigeons for food, and way too many living in US tent cities, we will soon see the same kind of protests here. — PID

(YNET) — Tens of thousands of Israelis participated in mass protest rallies across Israel Saturday night demanding social change and justice. Police sources estimated that nearly 150,000 people participated in the protest nationwide.

via Social activists: The revolution is here – Israel News, Ynetnews.

HARRISBURG (PATRIOT-NEWS) — To help Harrisburg out of its financial crisis, area Christian, Jewish and Muslim leaders have called for three days of fasting and praying for a more cooperative spirit among Harrisburg government leaders, the business community and residents.

via Harrisburg Mayor Linda Thompson will participate in fasting and prayer for more cooperative spirit in the city | PennLive.com.

(MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

via IMF bombshell: Age of America nears end Brett Arends’ ROI – MarketWatch.

(HUMAN EVENTS) — A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills, Steve Forbes predicted during an exclusive interview this week with HUMAN EVENTS.

via Forbes Predicts U.S. Gold Standard Within 5 Years – HUMAN EVENTS.

(BLOOMINGTON PANTAGRAPH) — The chairman and CEO of Peoria-based Caterpillar Inc. is raising the specter of moving the heavy equipment maker out of Illinois.

In a letter sent March 21 to Gov. Pat Quinn, Caterpillar chief executive officer Doug Oberhelman said officials in at least four other states have approached the company about relocating since Illinois raised its income tax in January.

via Caterpillar CEO’s letter talks of leaving Illinois.

(CNBC) — Government payouts–including Social Security, Medicare and unemployment insurance–make up more than a third of total wages and salaries of the U.S. population, a record figure that will only increase if action isn’t taken before the majority of Baby Boomers enter retirement.

Even as the economy has recovered, social welfare benefits make up 35 percent of wages and salaries this year, up from 21 percent in 2000 and 10 percent in 1960.

via CNBC’s Fast Money: Welfare State: Handouts Make Up One-Third of U.S. Wages – CNBC.

(BBC NEWS) — Portuguese Prime Minister Jose Socrates has resigned after parliament rejected an austerity budget. The defeat is likely to trigger a bailout similar to the rescue packages Greece and the Republic of Ireland had to accept last year.

via BBC News – Portugal PM Jose Socrates resigns after budget rejected.