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Anti-Bush, anti-Iraq War, anti-homophobia, pro-environment, Progressive. Links to a variety of information about current events and opinions.
Recent Posts Tagged With 'Economy'
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Interesting analysis:The Party is Overby Peter Schiff, Euro Pacific Capital October 10, 2008More than just a mere liquidity or credit crisis, the current financial storm represents the death throes o...
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Found this hilarious cartoon on Paul Krugman's blog that aptly describes the panic on Wall Street this week:...
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A cynical, yet reasonable, view of ongoing government bailouts of the U.S. housing market:"....What is the point of dropping the [prime] rate when people are flat broke? This is the problem when peop...
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Nouriel Roubini is one of the most oft-quoted and highly respected economists in the world. His predictions about the current crisis have been dead-on most of the time. His article below which he re...
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A bit depressing today watching my 401K lose about 7% of its value. If you haven't already adjusted your paycheck deductions for your 401K to the minimum amounts allowed by your plan (which I did sev...
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"....I have repeatedly said that the crisis facing our nation’s financial systems is one of solvency and not one of liquidity. The core of the problem is that our government, our banking system, and...
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Joe Nocera, business columnist for the NY Times, wonders what's going to happen next in the markets:....Sad to say, the crisis does not appear to be winding down. One reason the market acted so skitti...
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"You can argue all you want about the propriety of the bailout, but don't tell me it's OK to pass it because there'll be "vigorous oversight" and then adjourn Congress for three months."- - - Kagro X...
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Great 60 Minutes piece on the financial crisis:...
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"An entire generation of American policy-makers - Clinton, Bush, Rubin, Greenspan, and the Congressional leadership of both parties - has come perilously close to ruining a great nation. The creation ...
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Welcome to The Second Great Depression.Brought to you by the Bush-Cheney Administration.To be continued by the McCain-Palin Administration.Now our kids won't have to read about that ancient one that t...
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What he said...."....I urge everyone to take a deep breath, realize that part of your fear is being motivated by the same people who scared us into the Iraq War, understand that there are plenty of al...
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Lately the pundits have been telling us all to "chill out" regarding our sensitivity and reactions to the tremendously volatile financial market. You see, we common people don't have the expertise to...
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In an effort to wring every last cent from anxious investors who've already lost a significant chunk of their retirement portfolios' worth, financial advisers are now saying that the impending $700B b...
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A snippet from America's Financial Apocalypse:"....What kind of bozos are running this country? Washington can’t even manage its huge annual deficits. The national debt is already $10 trillion. The ...
Unbridled Greed
Ohio saw what was coming, 13 months ago (follows short commercial):Did I mention that this video was from August, 2007?...
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Here's a snippet from (what many are saying is) one of the best blog posts about the financial crisis:"...The expansion of unregulated Savings and Loans in the 1980s brought on the collapse of that i...
"This is not a financial crisis... but a constitutional moment..."
From Stirling Newberry: (my highlights)Let us speak of rights and reason. Of rights we have to begin from the final humiliation against a free people a proposal to grant dictatorial powers to an outgo...
Do We Really Trust bu$h To Have Carte Blanche... Again?
Why don't I trust the bu$h administration on their rush to rescue our financial giants? Could it be that we were blindly hurried into the Patriot Act... or was it the fast moving attack on Iraq... hel...
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"I remember a time when the nation was at peace, its economy driven by technical innovation and stable markets allowing the accumulation of investment capital. Interest rates and unemployment were nea...
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"Looking back at the vast economic wreckage brought on by conservative policies provides a chilling picture for a future under the thumb of John McCain and his merry band of industry lobbyists. It's f...
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Once in awhile if one is to fully grasp reality, one needs to step back from the trees and look at the forest. The trees in this case are all the individual events that have happened, that are happeni...
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The Mortgage Lender Implode-o-Meter lists these financial institutions as being on the verge of meltdown (i.e. closing, bankruptcy, takeover, etc.). If you have any of your hard-earned money in any o...
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From Frank Barbera, yet another pessimistic (but correct) economist:"....For now, the problem at hand remains the Housing Crisis and the Banking–Credit Crisis, but in our view, as time passes, the o...
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The concentration of wealth and its effects on us:...
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I can understand how people, who are seeing their mortgage rates increase because of the types of loans they used to purchase their house, can just up and walk away from their property when they can n...
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Ouch. Things are turning nasty in California:Schwarzenegger plans to cut state worker pay to cope with late budgetBy Kevin Yamamura - kyamamura@sacbee.com -Published 3:48 pm PDT Wednesday, July 23, 20...
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This is the latest scam by lawyers taking advantage of debt-ridden homwowners facing foreclosure:....While a foreclosure may seem straightforward -- a borrower doesn't pay and the bank takes back the ...
"The Foundation of the Housing Market has Begun to Collapse"
Here's a few paragraphs to go with Mike's commentary on the economy, from Numerian at the Agonist:There are two really devastating events, outside of another foolhardy war, that could push the U.S. ec...