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Tag: Economy


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



AP / Joe DeMaria

Giuliani Eyes New York Comeback

The N.Y. Times reports on the return of Rudy: “Nineteen months after ending his disastrous run for the presidency, Rudolph W. Giuliani is clearing a path for a possible race for governor in 2010. ...”

Posted on Aug 25, 2009 READ MORE


Bernanke
Wikimedia Commons / United States Federal Reserve

Bernanke Up for Round Two as Fed Chief

After heading up the Fed during the nation’s biggest economic catastrophe in decades, Federal Reserve Chairman Ben S. Bernanke will be nominated to continue his role for a second term, according to another top Obama adviser, David Axelrod.

Posted on Aug 24, 2009 READ MORE



White House / Pete Souza

Obama’s Invisible Achievement

If governments had not acted aggressively, the economic situation would have become a cataclysm. But because the cataclysm was avoided, this is an invisible achievement.

Posted on Aug 23, 2009 READ MORE


Unemployment
wfxl.com

California Jobless Rate Tickles 12%

Talk of an economic rejuvenation in recent weeks got a sobering smack in the face Friday as California’s jobless figures were released. The Golden State’s unemployment rolls reached 11.9 percent in July, a post-World War II high.

Posted on Aug 22, 2009 READ MORE



Federal Reserve

Bernanke Talks of Better Economic Times Ahead

After seemingly endless months of relentlessly distressing financial reports, Federal Reserve Chairman Ben S. Bernanke said Friday that the economic news is looking up on both the national and global economic fronts, and that “prospects for a return to growth in the near term appear good.”

Posted on Aug 21, 2009 READ MORE


New Credit Card Rules Activate

With the folksy charm of a timeshare salesman, Austan Goolsbee of President Obama’s Council of Economic Advisers outlines some of the new credit card rules, which began taking effect Thursday.

Posted on Aug 20, 2009 READ MORE


The Equal Rites Awards, 2009

Every year at this time, we celebrate the anniversary of women’s suffrage by recognizing those who have done their best over the last 12 months to set back the cause of women.

Posted on Aug 20, 2009 READ MORE



AP / Jae C. Hong

You Can’t Blame Obama for American Stubbornness

The president is simply too decent to get the job done. His advisers never learn from their mistakes and the American public is intolerant and hasn’t a clue as to what really is going on in the world.

Posted on Aug 18, 2009 READ MORE



Flickr / Marius Arnesen

Israeli Blockade = Hamas Cash

Israel’s blockade of Gaza is making archenemy Hamas rich. According to The Christian Science Monitor, Gaza businessmen (who are going bankrupt thanks to the blockade) say Hamas and friends “have been using their control of smuggling tunnels, money changing, and tax revenue to buy prime tracts of land and buildings. ...”

Posted on Aug 17, 2009 READ MORE



Flickr / Michell Zappa

Japan Exits Recession

The world’s second-largest economy is back in the black. Japan’s economic growth is positive for the first time in over a year, beating expectations. The good news comes as the economies of Germany and France are also growing and China is in full boom. Kanpai!

Posted on Aug 17, 2009 READ MORE


Madoff pleads guilty
AP / Louis Lanzano

The Other Bernie Madoff Affair

Bernard Madoff’s connection with the New York-based Jewish charity Hadassah has become fraught above and beyond the economic level since the organization’s CFO, Sheryl Weinstein, claimed that she and the fallen financier had an affair, which she details in her upcoming memoir, “Madoff’s Other Secret: Love, Money, Bernie, and Me.”

Posted on Aug 14, 2009 READ MORE


Don’t You Forget About John Hughes

The late director’s films were marketed as one-off parables about teenage angst, but they were really celebrations of the intrinsic worth of the regular person.

Posted on Aug 13, 2009 READ MORE


How Bad Things Might Have Been

The summer has become a bummer, but almost every day there’s some reminder of how far we’ve come since President Obama’s inauguration—and how much worse things could be.

Posted on Aug 13, 2009 READ MORE


Castro photo
AP / Franklin Reyes

Castro Issues Critique of U.S. Economic Policy

Just in time for his 83rd birthday, former Cuban President Fidel Castro made his presence known once again, by signaling his displeasure with the United States’ handling of the recent financial catastrophe. He spoke out in an Op-Ed article published Thursday in Cuba’s government-run newspapers.

Posted on Aug 13, 2009 READ MORE



Flickr / showbizsuperstar

Here’s Hoping Obama Really Is a Socialist

In this topsy-turvy world it seems one’s proximity to full-blown communism is directly proportional to one’s success in capitalism. Take Red China’s explosive economic growth, or the unexpected success of semi-socialist Germany and France, which just bid auf Wiedersehen and adieu to the recession.

Posted on Aug 13, 2009 READ MORE


Paul Krugman: Big Government Prevented a Second Depression

The Nobel Prize-winning economist writes that “around a million more Americans are working now than would have been employed without that [stimulus] plan. ... ” He also argues that “it’s possible to be dissatisfied, even angry, about the way the financial bailouts have worked while acknowledging that without these bailouts things would have been much worse.”

Posted on Aug 10, 2009 READ MORE


Ralph Nader
AP / Carolyn Kaster

Nader Was Right: Liberals Are Going Nowhere With Obama

“Something is broken,” Ralph Nader said when I reached him at his family home in Connecticut. “We are not at the Bangladesh level in terms of passivity, but we are getting there.”

Posted on Aug 10, 2009 READ MORE


Inside Story on Town Hall Riots: Right-Wing Shock Troops Do Corporate America’s Dirty Work

How the health care industry, the GOP and one media mogul made common cause with the anti-government fringe.

Posted on Aug 10, 2009 READ MORE


AIG sign
visitbulgaria.info

AIG Logs a Profit

For almost two years, insurance giant AIG has experienced quarterly losses—until now. The infamous company is reporting its first profitable quarter since 2007, a turnabout that will give the U.S. government a whopping $1.5 billion gain as a shareholder, while individual shareholders get to split $311 million among themselves.

Posted on Aug 7, 2009 READ MORE


Economy
southwestga.com

In the Jobless Numbers, a Glimmer

Woe is still the economy, but several numbers are indicating that the recession might, just might, be easing up. The pace of U.S. job losses has gradually slowed, and the unemployment rate actually dropped in July for the first time in over a year.

Posted on Aug 7, 2009 READ MORE


Cash for Clunkers

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Posted on Aug 6, 2009 READ MORE


Returning Soldiers

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Posted on Aug 5, 2009 READ MORE


banking protest
AP / Mark Lennihan

Banking Bandits Get Their Reward

By now everybody must know that the top banking executives responsible for our economic meltdown have no shame. Otherwise they would not have dared give themselves such hefty bonuses as a deeply perverse reward for actions that caused millions of Americans to lose their jobs and homes.

Posted on Aug 4, 2009 READ MORE


Read My Lips: We Need to Raise Taxes

Does President Obama care about passing health care reform that truly gets costs under control and getting the nation’s fiscal house in order or does he care more about getting re-elected?

Posted on Aug 4, 2009 READ MORE


Met
newyorkstatesearch.com

New York Arts Institutions in Jeopardy

The economic downturn has been rough on countless industries, and arts organizations in New York City that rely on endowment money to survive have been hit hard—not just, as City Journal’s James Panero points out, by the immediate effects of the meltdown felt round the world, but also by the “indirect effects” of how some of their funds have been managed.

Posted on Aug 4, 2009 READ MORE



Flickr / kevindooley

Come Rain, Sleet or E-Mail

After losing about $7 billion this fiscal year, the U.S. Postal Service may shut down as many as 700 local post offices. The postmaster general has also asked Congress to approve cutting deliveries to five days a week.

Posted on Aug 3, 2009 READ MORE


B of A
ceoworld.biz

SEC Fines B of A $33M for Bonus Bust

It’s baffling how $33 million can seem like a relatively small sum lately, but given that it’s all that Bank of America will have to pay the SEC for failing to inform investors about the billions in bonuses the bank paid Merrill Lynch executives during B of A’s acquisition of Merrill last year, it seems more like a light knuckle-rap than a full-on spanking.

Posted on Aug 3, 2009 READ MORE



AP / LM Otero

So Much for the Promised Land

The most prominent faces of color, such as President Obama or Harvard’s Henry Louis Gates Jr., mask an insidious new racism that, in essence, tells blacks they have enough, that progress has been made and that it is up to them to take advantage of what society offers them.

Posted on Aug 3, 2009 READ MORE


Can Republicans Escape Their Extremists?

Things are looking up for the Republicans, relatively speaking. There’s just one problem: The country still doesn’t like them.

Posted on Aug 3, 2009 READ MORE



thomhartmann.com

Thom Hartmann on ‘Threshold’

The Truthdig panel talks to radio host and author Thom Hartmann about his new book, “Threshold,” the need for serious financial regulation and his trip to Darfur.

Posted on Jul 30, 2009 READ MORE



thomhartmann.com

Thom Hartmann on ‘Threshold’

The Truthdig panel talks to radio host and author Thom Hartmann about his new book, “Threshold,” the need for serious financial regulation and his trip to Darfur.

Posted on Jul 30, 2009 READ MORE



Book Excerpt: ‘Empire of Illusion’

Read this brilliant and humorous chapter from Chris Hedges’ new book and marvel as the Pulitzer Prize-winning war correspondent makes sense of reality television.

Posted on Jul 30, 2009 READ MORE


China visit
AP / Gerald Herbert

The Chinese Come Calling

What a hoot. The Chinese Communists invaded Washington on Monday demanding not that we sacrifice our freedoms but rather that we balance our budget. Creditors get to make that kind of call. And the Marxists of Beijing, who have turned out to be the world’s most prudent bankers, are worried about their assets invested in our banana republic. 

Posted on Jul 28, 2009 READ MORE


‘Colorful’ Leaders Could Learn From Boring Brown

It sometimes pays to be a nondescript politician, like Gordon Brown of Britain. Flamboyance of the Latin kind gets you into the newspapers, but for bad reasons as well as good.

Posted on Jul 28, 2009 READ MORE



Collage: Flickr / david.nikonvscanon and Staples.com

A Rebound Without Recovery

The arithmetic of this recession still looks pretty dismal and the politics and psychology of it are starting to become disconnected from reality in a scary way.

Posted on Jul 28, 2009 READ MORE


ENTER_ALT_TEXT
AP / Josh Anderson

That Good Ol’ Tennessee Socialism

Faced with one of the highest unemployment rates in the country, Tennessee has taken matters into its own hands. In a work project inspired by the New Deal, the state is using money from the federal stimulus package to create hundreds of jobs ranging from working for the state Transportation Department to baking goodies at the local pie shop.

Posted on Jul 27, 2009 READ MORE



AP / Mark Lennihan

Happiness Consultants Won’t Stop a Depression

Positive psychology, which claims to be able to engineer happiness, is a quack science that justifies the cruelty of unfettered capitalism, shifting the blame from the power elite to those they oppress.

Posted on Jul 27, 2009 READ MORE


Fatal Health Care

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Posted on Jul 24, 2009 READ MORE


The Politics of Tenacity

Wow, what big and unexpected news! Reforming the health care system is really hard, and Republicans want President Obama to fail. Imagine that.

Posted on Jul 23, 2009 READ MORE


ENTER_ALT_TEXT
laalmanac.com

L.A. County Supervisors to Sue Calif. Lawmakers

Following the long-awaited agreement on closing the California budgetary gap, the Los Angeles County Board of Supervisors voted Tuesday to sue state lawmakers if they pursue their plans to use city highway and redevelopment taxes to cover the state deficit. The supervisors are also looking into the legality of some of the proposed cuts, which greatly affect those who need help the most.

Posted on Jul 21, 2009 READ MORE


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