Recession
Public
"We are entering a recession"...regardless of where you live, regardless of who you are, this statement will ring true.
The purpose of this twine is to try and draw together information, comments and opinions on this rather depressing subject.
The purpose of this twine is to try and draw together information, comments and opinions on this rather depressing subject.
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Economic Hitman John Perkins: US predatory capitalism creates poverty, terrorism, and pollutionNY Times Bestselling author of Economic Hitman, John Perkins, explains in excerpts from his new book, Hoodwinked: An Economic Hitman Reveals Why the World Financial Markets Imploded—and What We Need to Do to Remake Them, that the US lives under a corporatocracy, with US policy captured to serve ...
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6 minutes ago
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No Recession Special On The D.C. Power Lunch MenuThere's no recession special on the menu at D.C.'s hottest power lunch spots. At a time of double-digit unemployment, when one in eight Americans is on food stamps, the bistros and steakhouses that serve the Capitol crowd seem to to be doing fine -- with no reduction in business and no fewer ...
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3 hours ago
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Leo W. Gerard: Gone with the Wind: Blowing U.S. Tax Dollars Off ShoreIt turns out a Texas windmill farm developer's request last month for nearly half a billion dollars in stimulus funds to create 2,000 jobs in China doesn't rank first on the audacity scale. Shockingly for American taxpayers, and sadly for the staggering 10.2 percent of Americans who are ...
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5 hours ago
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Harvard ignored warnings about investments - The Boston GlobeIt happened at least once a year, every year. In a roomful of a dozen Harvard University financial officials, Jack Meyer, the hugely successful head of Harvard’s endowment, and Lawrence Summers, then the school’s president, would face off in a heated debate. The topic: cash and how the ...
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5 hours ago
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Robert Kuttner: Recovery And Debt: Squaring The CirclePresident Obama seemingly has two entirely incompatible tasks. One is to move the economy on a path toward faster recovery with increased stimulus spending. The other is to address the problem of rising deficits and the escalating long term public debt. On paper, the stimulus, at $787 billion, ...
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5 hours ago
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2Economic Hitman John Perkins: US predatory capitalism creates poverty, terrorism, and pollution"This stunning transfer of wealth is unprecedented in recorded history." Unfortunately not SO unprecedented. "Redistribution of wealth" from the bottom up has been a time honored and core political principle throughout recorded history. The often conservatively Randian railing about ...JDP added 6 minutes ago
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2No Recession Special On The D.C. Power Lunch MenuAnd some wonder why BOTH parties serve special interests instead of the interests of the people (not just all the people but even those who elected them!). Until the phony and down right wrong conference of "free speech" (read monetary bribes) rights to corporations is rescinded, expect more of ...JDP added 3 hours ago
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2Leo W. Gerard: Gone with the Wind: Blowing U.S. Tax Dollars Off ShoreAll the while railing against the "socialistic government programs", it turns out that Republicans helped ensure at least some of the stimulus spending was the kind of socialism they LOVE - a subsidy / redistribution of taxpayer wealth to corporations that created profits for them via off ...JDP added 5 hours ago
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2Harvard ignored warnings about investments - The Boston GlobeGreed can overcome anyone and everyone.JDP added 5 hours ago
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2Foreclosures hitting more people with prime loans - AOL Money & FinanceSo much for "the idiots who took those sub-prime loans deserving what they get [foreclosure]". Turns out "the idiots who MADE AND PUSHED those loans [bankers], and then who "repackaged them" [collateralized debt obligations by the paragons of finance on Wall Street and stock exchanges around ...JDP added 11 days ago
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Started Sep. 12, 2008
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