"Good" news?

O.K. - let's take a little trip to "No Assembly Required". Of course you must go to the original by following the link.

Some of the stuff is just BREATHTAKING! -- READ!
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Storm Warning: Unless the European Central Bank begins acting like a central bank and props up Italy in a massive way by becoming the lender of last resort, the game will be over. Greece will be a side-show compared to the potential damage Italy's €1.9 trillion in public debt could do.

Visit Detroit, See the Future: America's number one export is waste paper. Trash. The deliberate deindustrialization of the US is nearly complete. For simple profit tens of thousands of factories and millions of jobs were sent overseas In return we have gotten $9.99 shirts and $7.98 salad spinners. Technology? Nearly 1.5 billion cell phones were sold last year, none of them were made in America. We have built the largest debt bubble in history to slake our thirst for the good life that we had not earned and could not afford. When will the rest of the world get tired of carrying us?

Cry, the Beloved Country: Before the crucial House vote to reaffirm “In God We Trust” as the nation's motto. “Billions and billions in debt” was the runner up. Lamar Smith (R-TX) pointed out ““There are few things Congress could do that would be more important...” and Trent Franks (R-AZ) said that if the motto were not reaffirmed, “there is no longer any reason for us to gather here in this place.” Well, except for passing the tax breaks and such the corporations had already paid for. No one mentioned that a record 45.8 million Americans were receiving food stamps.

“Unexpectedly” Germany is losing some of its shine. Unemployment 'jumped' by 10,000 last month and the jobless rate crept up to 7.0% - terrific compared to many, but not quite in the “economic miracle” department. It's sub-50 PMI report suggests decline, not growth. Better than Italy, but that's a low hurdle.
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There's a lot more -- go there.