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Climate Costs ‘May Prove Much Higher’




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Tag: Economy

Is It Time for Financial Institutions to Give Back?

It seems plausible that payback time has arrived for the international financial community. The principal obstacle here is, at the moment, the Obama administration.

Posted on Dec 1, 2009 READ MORE



Flickr / SEIU International

Rep. Dennis Kucinich Addresses Escalation in Afghanistan

Rep. Dennis Kucinich writes, “An escalation of the war in Afghanistan at a time of such economic dislocation and hardship raises questions about America’s priorities. ...”

Posted on Dec 1, 2009 READ MORE



Flickr / nattu

The Copenhagen Conundrum

Climate-change skeptics are barking up the wrong smokestack. The shell game being played isn’t with the science, it’s with the solutions.

Posted on Nov 30, 2009 READ MORE


Workers in Pain sign
Flickr / aficio2008

Don’t Look to D.C. to Help in Job Crisis

Talk of giving a much-needed jolt to the job market has petered out in the offices and chambers where something could actually be done about the country’s pervasive employment crisis. This priority problem in policy circles is unacceptable to economics whiz Paul Krugman, who proposes ideas to fill in the gaps.

Posted on Nov 30, 2009 READ MORE



AP / Kiichiro Sato

Addicted to Nonsense

Will Tiger Woods finally talk to the police? Who will replace Oprah? We stand on the cusp of one of the most seismic events in human history and our obsessions revolve around the trivial and the absurd.

Posted on Nov 30, 2009 READ MORE


ENTER_ALT_TEXT

Catch Up on the News With Larry’s List: Thanksgiving Weekend Edition

It’s been a long holiday weekend of gratitude and family strife, yet somehow the world continues to turn. Here comes Larry Gross with an update of all that’s new and interesting.

Posted on Nov 29, 2009 READ MORE


Black Friday 2009

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Posted on Nov 27, 2009 READ MORE


Obama’s Thankless Thanksgiving

So in vogue are attacks on the president that even his proclamation calling the nation to a day of Thanksgiving has become the focus of criticism.

Posted on Nov 25, 2009 READ MORE


Like It or Not, Health Care Mandate Is Constitutional

Law students may debate whether Congress has the right to mandate health insurance, but in the real world, it’s not a big worry.

Posted on Nov 24, 2009 READ MORE



awkwardfamilyphotos.com

They Never Call, They Never Write, They Never Move Out

Nests across America are getting less and less empty as adult children take shelter from a lousy economy. According to Pew, 11 percent of adults now live with their parents and 10 percent of adults between 18 and 34 say the recession ... (continued)

Posted on Nov 24, 2009 READ MORE


window shoppers
flickr/specialkrb

U.S. Economic Growth Falls Short of Earlier Figure

Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time.

Posted on Nov 24, 2009 READ MORE



Flickr / Epioles

Books, Not Bombs

With President Barack Obama’s Afghanistan war strategy soon to be announced, the juxtaposition of education cuts and military increases is incensing many, and helping to build a movement.

Posted on Nov 24, 2009 READ MORE



Wikimedia Commons / Henry Han

Banks Gamble With Almost-Free Money

The Fed has been lending money at record-low rates, but instead of passing on the cash to businesses and consumers, big banks are rolling the dice in the financial markets. China and Japan have warned that these American high jinks could once again upend ... (continued)

Posted on Nov 24, 2009 READ MORE


home sales

Home Sales Jump 10.1% in October

Other market sectors are another story, and this story may also change in coming months, but let’s have some good news about the residential real estate market, shall we? Right: The Associated Press is reporting that home sales rose more than 10 percent in October from their September levels, largely due to tax incentives, and November may continue along this trend.

Posted on Nov 23, 2009 READ MORE



AP / Oded Balilty

Refuse Allegiance to Coal

There are some 614 coal-fired power plants in the United States, and it is up to us to shut them down. No one in the White House will do it. No one in Congress will do it. And no one at the coming U.N. climate change conference in Copenhagen will do it.

Posted on Nov 23, 2009 READ MORE


Obama
AP / Sergei Chuzavkov

Obama’s Job Approval Slips Below 50 Percent

President Barack Obama’s on-the-job approval rating is slipping, with two polls in the past week showing that fewer than half of those surveyed are happy with the way he is conducting the business of the presidency.

Posted on Nov 21, 2009 READ MORE


Despite Subsidies, Class Sizes Rise in California Schools

Most of California’s largest school districts are increasing class sizes in kindergarten through third grade, eroding the most expensive education reform in the state’s history.

Posted on Nov 19, 2009 READ MORE


Enough G-2 Talk Already

I have never understood the widely touted idea or assumption of China-U.S. equality or partnership or joint rule of the world or superpower partnership that has dominated the press coverage of Barack Obama’s trip to Asia.

Posted on Nov 19, 2009 READ MORE


DemocracyNow

Throw the Money Changers Out of the Temple

Wall Street profits are an obscene affront to Scripture, as Robert Scheer details in an interview with Amy Goodman on “Democracy Now!”

Posted on Nov 19, 2009 READ MORE



AP / Manuel Balce Ceneta

GOP Obstruction Goes Unnoticed—and Unpunished

Democrats in the Senate may engage in collective suicide, but it’s Republicans who, with Machiavellian brilliance, have brought the country to a halt.

Posted on Nov 18, 2009 READ MORE


Harvard the (Fake) Infomercial

Lawrence Summers’ derivative bets may have cost Harvard $11 billion, but we didn’t see this coming. America’s premier training ground for millionaires and unabombers has resorted to late night infomercials. Ever consider a career in bonuses? Act now!

Posted on Nov 18, 2009 READ MORE



AP / Alex Brandon

Who Are You and What Have You Done With the Community Organizer We Elected President?

What’s up with Barack Obama? Finally someone has a good idea about how to deal with Wall Street and the White House condemns it. 

Posted on Nov 18, 2009 READ MORE



Flickr / Rachel Zack

1 in 7 Americans Went Hungry in 2008

That recession is over statement looks more unfortunate every day. The Department of Agriculture disclosed Monday that a little more than 49 million Americans had trouble putting food on the table last year—the highest percentage since the government began keeping track in 1995, up 13 million people from the previous year. (continued)

Posted on Nov 16, 2009 READ MORE



Flickr / eflon

Bernanke Signals Possible End to ‘Too Big to Fail’ Era

Those financial institutions that viewed last year’s bailout as an object lesson that they can carry on as they wish so long as they’re “too big to fail” may have to adopt another approach. At least, that was the message Monday from Federal Reserve Chairman Ben Bernanke, if he makes good on words of warning to big banks.

Posted on Nov 16, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: 9/11 Trial; Obama’s Afghani-Standoff

Does the planned trial of the five alleged 9/11 plotters (including oft-referenced “mastermind” Khalid Sheikh Mohammed) represent a partisan issue? “Left, Right & Center” mainstay Tony Blankley thinks so, but his left-leaning counterpart, Robert Scheer, begs to differ on this week’s show. Also: What’s with all the deliberation about Afghanistan?

Posted on Nov 13, 2009 READ MORE


Happy 40th Sesame Street

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Posted on Nov 12, 2009 READ MORE



Mike McCaffrey

The Economy Looks Better in Paul Krugman’s Neighborhood

Around here we take what Paul Krugman has to say seriously, which is probably why we’ve been so depressed lately. Alas (at last, even), the Nobel Prize-winning economist sees signs of hope—not in the numbers, but walking around the streets of New York and Princeton. (continued)

Posted on Nov 11, 2009 READ MORE


The Man Who Put the Rainbow in ‘The Wizard of Oz’

The 70-year-old film classic bears close watching this year, perhaps more than in any other, for the message woven into the lyrics, written during the Great Depression by Oscar-winning lyricist E.Y. “Yip” Harburg.

Posted on Nov 10, 2009 READ MORE



Flickr / SEIU International

Kucinich: Why I Voted No

Rep. Dennis Kucinich explains why he voted against the landmark health reform bill, which he says “continues the redistribution of wealth to Wall Street at the expense of America’s manufacturing and service economies.”

Posted on Nov 8, 2009 READ MORE



earthopennetwork.org

The Real Unemployment Number: 17.5%

More than one in every six U.S. workers are either unemployed or underemployed, a statistic arguably more significant than the 10.2 percent jobless rate posted in October, as it factors in those who have quit looking, as well as part-time workers desiring full-time gigs.

Posted on Nov 7, 2009 READ MORE


Generic Unemployment
connectedmichigan.com

Unemployment Breaks the 10% Barrier

In news that President Barack Obama described as “sobering,” the U.S. unemployment rate in October broke into the double-digit range, with 10.2 percent of Americans without jobs, the highest rate since April 1983.

Posted on Nov 6, 2009 READ MORE



AP / Mark Lennihan

Steve Fraser on the Crisis of Capitalism

Does the prospect of deepening economic meltdown and political disarray raise the specter of a social upheaval and, perhaps, the collapse of capitalism, the likes of which we haven’t seen since the Great Depression?

Posted on Nov 6, 2009 READ MORE


We Are What We Trade and How We Trade It

The rules governing what we buy and sell are now playing such a decisive role in almost every major policy that we ignore them at our peril.

Posted on Nov 5, 2009 READ MORE



Flickr / lucianvenutian

Goofy Stimulus Projects Have Real Value

Don’t be fooled by stimulus critics who cite expenditures such as the “electric fish orchestra” (actually an educational demonstration of a larger project related to robotics and prosthetics) or trips to resorts (to train special-ed teachers). “Waste,” as ProPublica reports, “is in the eye of the beholder.” (continued)

Posted on Nov 5, 2009 READ MORE



Truthdig

McGovern: Get Out of Afghanistan

George McGovern has some advice for President Barack Obama: Get U.S. troops out of Afghanistan. “I’m convinced that war is going to turn sour. I’m convinced we’re not going to prevail there,” he said.

Posted on Nov 4, 2009 READ MORE



White House / Pete Souza

A Record You Can Believe In

It’s been a year since a healthy majority of American voters elected Barack Obama to change the world. Which is precisely what he’s doing.

Posted on Nov 3, 2009 READ MORE


Safe Word

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Posted on Nov 2, 2009 READ MORE    


Balloon Boy 2

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Posted on Nov 1, 2009 READ MORE


employment
haldimandcountyhydro.ca

White House: Stimulus Made, Saved Nearly 650,000 Jobs

The White House sounded a triumphant note Friday about the success of the economic stimulus in salvaging and creating close to 650,000 jobs in recent months, but some Republicans, along with the AP, are questioning the accuracy of the government’s figures.

Posted on Oct 30, 2009 READ MORE


Left, Right & Center

‘Left, Right & Center’: Spending for America; Clinton’s Pakistan Gamble

Consumer spending drives the real economy, and it has taken a plunge. Did we save the banks at the expense of the people? Also this week: The health care reform bill finally appears on the scene, and Hillary Clinton attempts a precarious balancing act in Pakistan—are either of these developments successful?

Posted on Oct 30, 2009 READ MORE


Afghan Poppy Trade Blurs All the Lines

The opium poppy was introduced to Afghanistan more than 2,300 years ago by the armies of Alexander the Great. His forces were eventually driven out, like those of every would-be conqueror since. The poppy has proved more tenacious.

Posted on Oct 29, 2009 READ MORE


Hug Obama, Find the Moderates

Those are the two outstanding lessons from the campaigns for next Tuesday’s governors’ races in New Jersey and Virginia. Both parties would be smart to apply them in 2010.

Posted on Oct 28, 2009 READ MORE



White House / Pete Souza

Geithner’s Fed Made AIG Pay Banks to the Max

That Timothy Geithner must love the big banks he spends all day talking to. Back when he was in charge of things, the Federal Reserve Bank of New York forced AIG to pay off Wall Street tycoons for all those toxic bets, even though the mega-insurer was busy trying to negotiate a better deal.

Posted on Oct 28, 2009 READ MORE



Flickr / Addictive Picasso

China and India Join Forces on Climate

China and India, which together represent well over a third of the world’s population, will be negotiating in concert at the upcoming climate summit in Copenhagen. The two booming economies produce most of the developing world’s CO2, but they’ve also made big commitments—China especially—to ... (continued)

Posted on Oct 26, 2009 READ MORE



Rich Germans Want More Taxes

While America’s super rich are coping with bailouts and bonus envy, a group of well-to-do Germans, led by a brewery heir, has delivered a petition demanding a 5 percent wealth tax—on themselves. Imagine if Pete Coors demanded that the government spend more of his money on “ecology, education and social justice.”

Posted on Oct 25, 2009 READ MORE


Wall Street ‘Crimes’ Need Better Policing

Slashing bonuses at bailed-out companies is like arresting jaywalkers while ignoring the bank robbery that’s happening in broad daylight down the block.

Posted on Oct 22, 2009 READ MORE



chinadigitaltimes.com

China’s Economy Hums Along

As the U.S. struggles to recover its footing due to the economic crisis, China is expecting yet another stellar year as it reports that the country’s economy is on track to reach its target of 8 percent GDP growth this year.

Posted on Oct 22, 2009 READ MORE


Playing Monopoly With America’s Health

Anyone infuriated by the grossly inflated compensation of the masters of finance should check out the incredible earnings of the top executives in the health insurance business.

Posted on Oct 21, 2009 READ MORE



DEA

Boom Times for Pot Growers

The lousy economy has driven some Californians into the marijuana industry, which is doing a lot better than, say, construction. According to this Miller-McCune profile, California will grow an estimated $15 billion worth of weed in 2009, a good portion of it in the backyards and basements of amateurs and newcomers.

Posted on Oct 20, 2009 READ MORE



Flickr / toddalert

Sorry Grandma, No COLA for You

For the first time in 34 years, Social Security beneficiaries will not get a benefit boost from a cost-of-living adjustment. Falling energy prices, in particular, should keep seniors flush with their monthly average $1,094 checks. So what if their health care costs have gone up by a third?

Posted on Oct 15, 2009 READ MORE


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