Tata: The Name You See All Over India

Bill Bonner View the original article. March 11, 2010 04:00 PM Yesterday was another dull day on Wall Street. The Dow rose 2 points. Oil held at $81. Gold didn?t move enough for us to remember, one way or another. The recovery continues…or so says the mainstream financial press. But the economy is still losing jobs…and people are still getting poorer. NEW YORK (CNNMoney.com) ? The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit Research Institute?s annual Retirement Confidence Survey. That excludes the value of primary homes and defined-benefit pension plans. The American economy has apparently peaked out. Its labor is too expensive. Its consumers are tapped out. Its government is going deeper and deeper into debt, with no way out. ...