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Tag: Economy


White House / Samantha Appleton

Prizing Peace on the Home Front

President Obama should make peace with the “angry white men” who see his Nobel Prize as a token of elitism by enacting policies that address their economic grievances.

Posted on Oct 11, 2009 READ MORE


Night of the Living Deadbeats

Zombies have made a pop culture comeback. It might have something to do with all the undead banks and the bankers whose careers live on after the economic apocalypse they caused.

Posted on Oct 8, 2009 READ MORE


Trick or Treat

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Posted on Oct 8, 2009 READ MORE


Meltdown After the Meltdown

The fevered urgency with which the bailout was pushed by the Bush administration and enacted by the Democratic Congress last year has been followed by dithering in the midst of the employment crisis.

Posted on Oct 7, 2009 READ MORE


Stimulation Without the S-Word

So now we know: The economic stimulus plan passed by Congress at the beginning of the year was not big enough.

Posted on Oct 7, 2009 READ MORE



White House / Pete Souza

Why Obama Must Spend More

If the president and Congress don’t come to the aid of workers, the political consequences will be severe, and deservedly so.

Posted on Oct 7, 2009 READ MORE



U.S. Army / Sgt. 1st Class Gordon Hyde

Migration Is a Win-Win-Win

An independent report commissioned by the U.N. has found that migration is simply good economics for everyone involved. The world’s billion migrants actually boost employment in their destination communities while improving conditions back home.

Posted on Oct 5, 2009 READ MORE



pagetutor.com

Pox Americana: The Real Cost of Bailing Out Wall Street

In the 20th century, smallpox killed more people than all of that bloody century’s wars combined. It cost $300 million to eradicate the disease. What might have been achieved with the $4 trillion we gave Wall Street?

Posted on Oct 4, 2009 READ MORE


Unemployment
wfxl.com

U.S. Unemployment Edges Toward Double Digits

Economic news and pessimistic views: U.S. unemployment increased slightly to 9.8 percent and, moreover, this figure shows the crisis is far from over, experts say. Joblessness is at a 26-year high.

Posted on Oct 2, 2009 READ MORE



capitalismalovestory.com

Capitalism Means Never Having to Say You’re Sorry

Michael Moore’s latest look at what’s wrong (and right) with America is a lot better—and a lot more radical—than some of the brie-eaters reviewing it think. It’s a cry from the soul of a man who sees the whole country turning into his hometown hell of Flint, Mich.

Posted on Oct 1, 2009 READ MORE


Communist China Turns 60—and Reveals Its Insecurities

What could and should have been celebrated this week in Beijing is the resumption of effective power in the People’s Republic by the modernizer Deng Xiaoping.

Posted on Oct 1, 2009 READ MORE



toyota.com

Toyota Recalls 3.8 Million Cars

Toyota has announced a recall of eight U.S. models, including the 2004-2009 Prius. A problem with floor mats has reportedly caused the deaths of five people so far. The BBC calculates the cost of the recall at two years’ worth of U.S. sales for the automaker.

Posted on Sep 29, 2009 READ MORE


In Europe, the Left Has Run Out of Gas

While the Republican leadership in the United States would have people believe that the country is being remorselessly driven to the far left under Barack Obama, European voters are moving toward the right.

Posted on Sep 29, 2009 READ MORE



AP / Mohammed Ballas

The War on Language

Those who seek to dominate our behavior first seek to dominate our speech. They seek to obscure meaning. The English- and Arabic-speaking worlds are each beset with a similar assault on language.

Posted on Sep 28, 2009 READ MORE


Wash Me

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Posted on Sep 27, 2009 READ MORE    


Too Big to Jail

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Posted on Sep 25, 2009 READ MORE


Charity Should Begin With Charities

If the uninsured can’t count on the do-gooders to help them, where else can they turn?

Posted on Sep 24, 2009 READ MORE


Why We Fight the Tire War With China

We are warned it is dangerously protectionist to enforce existing trade laws against China’s cheap tire surge, but Obama is obligated to do so—and for good reason.

Posted on Sep 16, 2009 READ MORE


Obama Lectures Wall Street

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Posted on Sep 16, 2009 READ MORE



Flickr / freemarketmyass

Bernanke Says Recession Is Over, Economy Still Sucks

Fed Chair Ben Bernanke declared Tuesday that the recession is “very likely over at this point,” but don’t get too excited. The non-investment bankers among us still have a lot to worry about: “[I]t is still going to feel like a very weak economy for some time as many people still find their job security and their employment status is not what they wish it was.”

Posted on Sep 15, 2009 READ MORE



The New Press

Business Goes to School

Business leaders are eager to meddle in education but rarely take responsibility for the root of education’s problem—economic despair and mind-numbing mass media.

Posted on Sep 14, 2009 READ MORE


Wall Street Is Still Playing the Odds

I’m as pleased as anyone else to see a rising Dow, but somebody needs to slap the incipient grin off Wall Street’s face.

Posted on Sep 14, 2009 READ MORE



AP Photo / Toby Talbot

The Other Public Options

Overlooked in the health care debate is the recently reconfirmed fact that Medicare, Medicaid and Social Security are working better than ever.

Posted on Sep 14, 2009 READ MORE


money bags
0-60mag.com

A Graphic Look at the State of Our Economy

It’s been a year since the U.S. economy practically went to Hades in a handbasket, and since then the federal government sure has been busy trying to figure out where to allocate (read: throw) money to sort out the whole mess.

Posted on Sep 14, 2009 READ MORE



Flickr / Roger@elaws ?

Nothing Has Changed on Wall Street

A year after Lehman Brothers went under—taking a big chunk of the economy with it—the deregulation and lax oversight that enabled the crisis are still a problem. According to this New York Times report, things might even be worse.

Posted on Sep 13, 2009 READ MORE



California Emergency Management Agency

Homeland Security Spending Marked by Waste, Shoddy Oversight

Records show that communities across California had difficulty managing millions in anti-terrorism grants handed out by Congress after Sept. 11.

Posted on Sep 13, 2009 READ MORE


Homeless
wordpress.com

U.S. Poverty Level Leaps to 11-Year High

It’s a vicious circle: Millions of job cuts and shrinking household incomes combined to push more Americans below the poverty line last year. Nearly 40 million Americans now officially live in poverty.

Posted on Sep 10, 2009 READ MORE


Grateful to Have a Job, and Bone-Tired

The spotlight of the Great Recession has been properly on the nearly 10 percent of workers who are unemployed. But there has been far less said about the collateral damage on the 90 percent who “still have a job” but are looking at the empty seats. Fearfully. Gratefully.

Posted on Sep 9, 2009 READ MORE


Full Text of the President’s Speech to Congress

The president’s speech to Congress on Wednesday was not without surprises, including a Ted Kennedy-inspired appeal to the “character of our nation” and a rowdy (and democratically elected) heckler. Here is the full text.

Posted on Sep 9, 2009 READ MORE


Cash for Clunkers
Flickr / billaday

U.S. Economy Showing Signs of Life

A report released by the Federal Reserve on Wednesday gave some indications that, for half of the districts tracked by the Fed and for certain markets, the American economy is slowly starting to revive from its near-death experience last fall.

Posted on Sep 9, 2009 READ MORE


Van Jones and the Boycott of Glenn Beck

The right-wing radio and TV host may have helped oust activist and green jobs adviser Van Jones from the administration, but in doing so he further justified the boycott against his broadcasts.

Posted on Sep 8, 2009 READ MORE


States Ignoring Stimulus Welfare Fund

Congress created a $5 billion emergency fund for needy families that can be used to immediately create jobs or pay rent for families facing eviction, but many states say they can’t afford to take advantage of the windfall.

Posted on Sep 8, 2009 READ MORE


Our Wallets Get Emptier

It isn’t all in our heads. Americans are feeling the real effect of shrinking paychecks that can’t keep up with inflation.

Posted on Sep 7, 2009 READ MORE


stocks
Flickr / Katrina.Tuliao

Wall Street Comes Up With a Great Idea for the Next Recession

The geniuses on Wall Street have found another way to gamble and call it investing. Forget about mortgage-backed securities (wouldn’t that be nice?). Life insurance securitizations are the new hotness on Wall Street. And the fun part is, they make more money when you die faster.

Posted on Sep 7, 2009 READ MORE



AP / Rick Rycroft

Food Is Power and the Powerful Are Poisoning Us

Our most potent political weapon is food. If we take back our agriculture, if we buy and raise produce locally, we can begin to break the grip of corporations that control a food system as fragile, unsafe and destined for collapse as our financial system.

Posted on Sep 6, 2009 READ MORE


Happy Labor Day

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Posted on Sep 6, 2009 READ MORE


Unemployment
theinsanityreport.com

Unemployment Hits a 26-Year High

Just as the Labor Day weekend arrives comes word that the U.S. economy shed another 216,000 jobs last month, pushing the unemployment rate up to a 26-year high of 9.7 percent.

Posted on Sep 4, 2009 READ MORE


Barack Obama
White House / Pete Souza

Don’t Be Fooled by the Public Option

The fight over the public option has occupied much of the media coverage, but left unsaid is the fact that weeks of behind-the-scenes negotiations have weakened the public option proposal to the point that it is hardly an option at all.

Posted on Sep 3, 2009 READ MORE


Madoff
AP / Louis Lanzano

SEC Missed Multiple Opportunities to Bust Madoff

It was a sad case of too little, too late when it came to the Securities and Exchange Commission’s readings of Bernie Madoff’s now-collapsed house of cards. On Wednesday, the SEC released a report about Madoff’s massive financial boondoggle, detailing the many moments in which chances were missed to stop the damage from spreading as far as it did.

Posted on Sep 2, 2009 READ MORE



Flickr / respres

Not Really a Lifeline for Homeowners?

John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”

Posted on Sep 1, 2009 READ MORE



Flickr / respres

A Lifeline for Homeowners? Not Really

John Dunbar of the Center for Public Integrity has analyzed the Obama administration’s home loan modification program, which aims to keep troubled borrowers in their homes, and finds it “highly problematic.”

Posted on Sep 1, 2009 READ MORE



U.S. Navy / MC3 Joshua Cassatt

Will Japan’s New Leader Maintain His Country’s Fealty to Washington?

The most important political question faced by a Japan led by the Democratic Party concerns the Japanese-American security relationship, which is both humiliating and exploitative.

Posted on Sep 1, 2009 READ MORE


New Light on Copenhagen Climate Talks

The 2009 Copenhagen climate conference will be critical to the success or failure of establishing a practical, binding global plan of action before human-caused climate change reaches the point of no return, creating a cascade of catastrophes.

Posted on Sep 1, 2009 READ MORE


Back to Normal

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Posted on Sep 1, 2009 READ MORE    


Spitzer
Center for American Progress

3 Reasons Eliot Spitzer Should Run Again

This is coming from the New York Post, so take it with a metric ton of salt, but the rag says former New York governor and “Client 9” Eliot Spitzer is thinking about getting back into politics, possibly challenging conservative Democratic Sen. Kirsten Gillibrand. Spitzer has repeatedly denied any interest in running again, but if the polling pans out he should. Here’s why…

Posted on Sep 1, 2009 READ MORE


D
AP / Jack Dempsey

Go to Pittsburgh, Young Man, and Defy Your Empire

Voices of change, who speak in powerful and yet unfamiliar words, are on their way to Pittsburgh. They will cry out to defy the heads of state, bankers and finance ministers meeting there for the G-20.

Posted on Aug 31, 2009 READ MORE


Schwarzenegger
Flickr/Ambidanze

Schwarzenegger Sells Signed Cars for California

Here’s a, um, creative way to funnel some money into a broke state’s coffers: Hold a California-themed garage sale, starring actor-turned-Gubernator Arnold Schwarzenegger. The governor has added a personal touch to some bigger-ticket items, such as automobiles, by signing them in an effort to clear out the state’s storage sheds and bring in the cash. What’s next, a Golden State bake sale?

Posted on Aug 26, 2009 READ MORE



Flickr / Wayne National Forest

Solar Power: Cheaper Than Ever

Spain accounted for almost half of the world’s solar power market in 2008, thanks to a Spanish subsidy that is now ending. The subsidy change, combined with an increased supply of solar equipment from China and Taiwan, has crashed international demand. Now solar modules are selling for half what they used to, according to a report on Global Post.

Posted on Aug 26, 2009 READ MORE


Who Is Obama Playing Ball With?

It looked like it was business as usual for President Barack Obama on the first day of his vacation, as he spent five hours golfing with a top executive from UBS, a bank that sheltered wealthy tax dodgers while hardworking U.S. taxpayers were bailing it out.

Posted on Aug 25, 2009 READ MORE


There Are More Slaves Today Than at Any Time in History

One writer spent four years inside the world of modern-day slavery, an industry that produces huge profits and countless wasted lives.

Posted on Aug 25, 2009 READ MORE


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