After so many months of suffering through constantly rising gas prices, members of Congress, after being inundated with tens of thousands of e-mails from the American public, decided to actually do something about it, and yes they did. Congress...
While most of the western world is up to its knees in debt, and some, like Ireland, have taken considerable measures, China, the world-second largest economy, has a surplus of $3trn. With that money, it could buy the entire United States Department of Defence plus its hardware, and still have enough money left over to pay off the debt of the PIGS (Portugal, Ireland, Greece, Spain) countries. W...
The Coalition Government has warned UK citizens against "all but essential" travel to Spain, after 50 years of British holidaymakers flooding the main Spanish resorts. Prime Minister David Cameron, determined to get some positive publicity after a...
George Osbourne has used the sad example of punk-rock god Iggy Pop in order to defend massive government cuts in public spending. Pop, a hugely sucessful singer/songwriter fell on hard times in the late noughties due to his irresponsible spending habits and penchant for gambling huges swathes of money on internet bumfights. 'Whilst I'm not the biggest fan of his "music" myself' Osbourne told...
Iceland has rejected for a second time a proposal to repay the Netherlands and UK for losses incurred after the collapse of the country's banking system. The result means that the 2 governments are still £3.5 billion out of pocket after already re...
Within moments of a negotiation, between the president, and ranking Republicans, to avoid a government shutdown, the TEA Party went into full, overdrive, mode. According to TEA Party leader, Mr. Greed, party membership is in the process of filing...
Washington DC: President Obama was informed today that there was a crashed space capsule on the lawn of the White House. Federal officials cannot explain how this object went completely undetected by NORAD until landing and being found by the first d...
Today protesters from across the UK are gathering together to protest against the government cuts in public services, which they claim will "devastate communities and destroy societies". A group of protesters spoke exclusively to TheSpoof.com.
Governments around the world were in shock today when it was announced that the global economy - made up of the imports and exports of all countries on Earth - actually made a loss this year. Despite some individual countries such as China having...
Following the declaration of financial support yesterday by G7 countries in the stabilization of the Japanese Yen, and a few celebratory top shelf margaritas to close out their press conference, U.K. and U.S. Finance Ministers were the first to reali...
Markets around the world are panicking after it emerged that a group of speculators had cornered the world's sock futures. Prices of socks dropped like a stone when the FTSE opened this morning after a late flurry of selling in eastern markets. Wa...
The world experienced a mega-massive financial meltdown a couple of years back; before that there was a mega-nuclear meltdown somewhere in the Ukraine called Tschernobyl and now history has repeated itself in Japan. There is a slight difference...
Many cash machines in Sydney, Australia, were accidentally overpaying customers this week. So if you take money under these circumstances, what is the correct procedure, legally and morally? For customers of the Commonwealth Bank in Sydney this we...
Chancellor George Osborne has appropriated Libyan leader Muammar Gaddafi's cash pile in order to reverse the UK Government's proposed spending cuts. In a move calculated to win all party support, the Country's spending revisions have been scrapped...
Colonel Gaddafi of Libya is still trying hard to stay in office as leader of his country and says that if he is killed, he will take everything with him that he can. He also told a reporter for Al-Jazeera television that he will go down as a mart...
Fears rose tonight in the UK that a "Day of Rage" similar to that recently seen across the Middle East may be on the cards. Great Britain has felt unrest since the recently ousting of the last labour government; replaced by an un-elected Tory-Libe...
Defence Minister Liam Fox explained today that the holes in the Defence Budget due to incorrect procurements would be filled by an all night sitting in the House of Lords. 'For too long we have been paying too much for our procurements and some th...
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