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 . '/' . substr('9781859843604',-6,3) . '/' . '9781859843604' . '.jpg'; ?>)
By Marc Cooper
By Ogi Ogas (Author), Sai Gaddam (Author)
$23
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Wikimedia Commons / Lynda Poulter (CC-BY-SA)
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British Prime Minister David Cameron made a good call Monday by declaring that no funds from U.K. taxpayers’ pockets should be funneled toward gifting Queen Elizabeth II with a shiny new $90 million yacht on the occasion of her Diamond Jubilee.
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AP / Seth Wenig
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By Robert Scheer — Welcome to the brave new world of post-bailout capitalism. The Commerce Department announced Tuesday that corporate profits are at their highest level in U.S. history, and the Fed released minutes of an early November meeting in which officials predicted a stagnant economy and continued high unemployment.
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Republican Rep. Eric Cantor was one of the GOP operatives behind this week’s push to cut public funding to National Public Radio (this Juan Williams drama still has legs) because that would be a “common sense” move to ... (continued)
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foreclosurewearhouse.com
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Who knew the Treasury Department had such deep pockets? Well, besides all of Wall Street, we can put the beleaguered duo that is Fannie Mae and Freddie Mac on the list. The Treasury has obligingly removed the $400 billion cap previously assigned to the funding designated to save the two mortgage firms.
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Flickr / Matti Mattila
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On Thursday, the House of Representatives approved a massive spending bill, totaling $447 billion, which includes quite a few earmarks. In fact, 5,224 earmarks made their way into the bill, adding up to about $3.9 billion. This did not please House Republicans, of whom not a single member voted for the measure.
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Flickr/richardefreeman
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General Motors Chief Executive Fritz Henderson tooted his company’s horn plenty when he ushered in a new, post-bankruptcy era for the Detroit automaker—but he couldn’t promise that GM 2.0 would be able to pay back the billions of dollars his company got from taxpayers.
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Flickr/wyteone
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When the Los Angeles Lakers won the NBA championship in June, the team and private donors paid the $2 million tab for the victory celebration. The same can’t be said for Michael Jackson’s July 7 public memorial at Staples Center, unfortunately.
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AP photo / Gerald Herbert
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President Obama gave certain hedge fund manager types who held out for “an unjustified taxpayer bailout,” as he put it, a dressing down in the midst of his comments about Chrysler’s bankruptcy filing on Thursday. Needless to say, that didn’t go over so well with the targeted demographic.
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AP photo / Ron Edmonds
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AIG’s dishing out $165 million in bonuses to executives who played a part in bringing their company to near ruin is an “outrage,” according to President Barack Obama, who pledged to do whatever he can to stop the payouts at the bailed-out insurance giant. Updated
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listphile.com
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The tug of war continues between corporate financial giants and the federal government, and certain members of the former seem to have some trouble adjusting to their post-bailout status. AIG, for example, is still planning to reward its top 400 executives with a whopping $165 million in bonuses this weekend, even after the company was given more than $170 billion from taxpayers to stay afloat. Updated
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Flickr / soggydan
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John McCain has laid out his plan for how he would help Americans recover from the recent shocks to the domestic and international markets. He took the action on Tuesday, a day later than he initially said he would and a day after Democratic presidential rival Barack Obama released his own economic plan—and McCain’s timing was not lost on the Obama campaign.
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Wikimedia Commons / Asymptote Architecture
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The Dow shot up more than 900 points Monday after nations around the world pitched into the effort to resuscitate the dangerously flagging global marketplace by announcing their own rescue plans.
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By Robert Fisk — By grotesque mischance, $700 billion—the cost of George Bush’s Wall Street rescue plan—is about the same figure the president has squandered on his preposterous war in Iraq, the war we have now apparently “won” thanks to the “surge.”
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AP photo / Lauren Victoria Burke
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Early Sunday morning brought word that the end of the drawn-out bailout negotiations between warring factions of the federal government might finally be at hand, although the House and Senate had not yet officially approved terms of the proposed plan. Updated
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boston.com
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It’s difficult to fully comprehend the total price tag of the Iraq war, but Republican presidential candidate Ron Paul has made some staggering calculations, coming up with a whopping $3.5 trillion—including “hidden costs” such as interest on the money we’re borrowing, and long-term health care for vets.
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Bush has funneled over $157 million to ideological allies via faith-based initiatives and other programs.
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Terracide and the Terrarists: Destroying the Planet for Record Profits
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