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Tag: 2008 Crash


California May Be Able to Sue ‘Deceptive’ Standard & Poor’s

A California judge has tentatively ruled that the state could hold the major financial research company accountable for pinning triple-A ratings on state-bought mortgage-backed securities that went bust in the crash of 2008.

Posted on Mar 23, 2014 READ MORE



i am real estate photographer (CC BY 2.0)

Nobel Prize-Winning Economist Says Buying a House Is a Bad Idea

If the housing crisis wasn’t enough to turn you off of buying real estate, listen to economist Robert Shiller: Houses are poor investments, and they pretty much always have been.

Posted on Oct 16, 2013 READ MORE


Markets Rise to Record Highs

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Posted on May 8, 2013 READ MORE



H.Adam (CC BY 2.0)

How Capitalism Stacks the Deck on Disaster

We think of the financial crisis as a man-made calamity, and Hurricane Sandy as the malignant innocence of nature. But neither the notion of a man-made nor natural disaster quite captures how the power of a few and the vulnerability of the many determine what is really going on at ground level.

Posted on Apr 4, 2013 READ MORE



401K (CC BY-SA 2.0)

Gloom and Doom on the Global Job Front

In the wake of the 2008 crash and the widespread government-imposed austerity that followed, high levels of long-term and youth unemployment across the globe are in danger of becoming fixed, according to an annual report by the International Labor Organization.

Posted on Apr 30, 2012 READ MORE



Curious Expeditions (CC-BY)

Budget Crises Put an Expiration Date on Death Row

At least five states are considering getting rid of the death penalty, but the possible repeals have nothing to do with ethics. A study has shown that executions cost taxpayers three times as much as putting an inmate away for life, and budget shortfalls are making even capital punishment hawks doubt the sensibility of their position.

Posted on Dec 28, 2011 READ MORE



Flickr / Latente ? www.latente.it

Nouriel Roubini: Capitalism Must Be Saved From Itself

Economist and New York University professor Nouriel Roubini explains that globalization, reckless lending and borrowing, and the redirection of income and wealth from industries dependent upon human labor and well-being to those composed mainly of capital ... (more)

Posted on Aug 15, 2011 READ MORE



Flickr / PeterJBellis

An Investment Manager Dishes on the Richest

Rarely do we get to hear criticism of the American oligarchy from within the ranks of its crowning institution: the financial services industry. This anonymous author, who handles investments for the wealthiest 1 percent of Americans, takes us on a brief tour of numbers ... (more)

Posted on Jul 20, 2011 READ MORE


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