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Category Archives: RagBlog
Washington Mutual Goes South
Following a scramble by government regulators to find a buyer, JPMorgan Chase & Co. says it will acquire the operations of Washington Mutual after the nation’s largest savings and loan was seized by the FDIC on Thursday. Photo: Mark Lennihan, … Continue reading
Rep. Lloyd Doggett on Bush’s ‘Gilded Trillion-Dollar Bridge to Wall Street’
Treasury Secretary Henry Paulson, left, talks with Rep. Lloyd Doggett, D-Texas, center, on Capitol Hill in Washington, Feb. 13, 2008. House Budget Committee Chairman Rep. John Spratt, D-S.C., is at right. Photo by J. Scott Applewhite / AP.What’s wrong with … Continue reading
More on the Details of the Current Crisis
The Credit Crisis and the Real Story Behind the Collapse of AIGBy Shah Gilani / September 22nd, 2008 [In Part II of his three-story investigation of the credit crisis, Money Morning Contributing Editor Shah Gilani shows us how American International … Continue reading
Al Gore Calls for Civil Disobedience on Global Warming
Former Vice President Al Gore shared a panel with the singer Bono at the Clinton Global Initiative meeting in New York on Wednesday. Photo / Jason DeCrow / AP.‘Inconvenient Truth’ may get even more inconvenient…By Paul Vitello / September 24, … Continue reading
Posted in RagBlog
Tagged Al Gore, Civil Disobedience, Direct Action, Global Warming, Social Action
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The Rhetoric of Fear About Ahmadinejad Is Foolish
Iranian President Mahmoud Ahmadinejad addresses the United Nations General Assembly in New York Sept. 23, 2008. Photo: Reuters/Mike SegarObama goes over the top in bashing Mahmoud AhmadinejadBy Juan Cole / September 24, 2008 Once again, U.S. politicians, including both Sarah … Continue reading
Barbara Ehrenreich : How Positive Thinking Wrecked the Economy
Greed: The Little Engine that Couldn’tBy Barbara Ehrenreich / September 24, 2008 Greed – and its crafty sibling, speculation – are the designated culprits for the ongoing financial crisis, but another, much admired, habit of mind should get its share … Continue reading
Posted in RagBlog
Tagged Capitalism, Corporate Power, Economic Collapse, Positive Thinking
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Jim Hightower : Banking Jobs on the Move (Overseas)
‘These powerhouse bankers – who profit enormously from America’s people, laws, protections, and subsidies – no longer feel any responsibility for providing good American jobs’By Jim Hightower / September 25, 2008 Let’s hear it for Citigroup, Goldman Sachs, Morgan Stanley, … Continue reading
BOOKS : ‘American Wife’ is based on Laura Bush
‘Imagine marital bliss with a man who farts often and calls it “tooting his own horn”’ By Cathy Matusow / September 24, 2008 What’s it like to be married to George W. Bush? Imagine marital bliss with a man who … Continue reading
Posted in RagBlog
Tagged American Wife, Books, Curtis Sittenfeld, Fiction, George W. Bush, Laura Bush
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You Gotta Be Able to Laugh at Yourself …
Nominated As the World’s Best Short Joke of the Year A 3-year-old boy examined his testicles while taking a bath. ‘Mom’, he asked, ‘Are these my brains?’ ‘Not yet,’ she replied. Thanks to Ned Salman / The Rag Blog
What’s Wrong with This Picture?
Forbes publishes list of 400 wealthiest AmericansBy Tom Eley / September 24, 2008 Even as the US careens into its greatest economic calamity since the Great Depression, the financial aristocracy whose parasitism and criminality has brought on the crisis has … Continue reading
The Logical Conclusion to Deregulating the Markets
Has Deregulation Sired Fascism?By Paul Craig Roberts / September 24, 2008 Remember the good old days when the economic threat was mere recession? The Federal Reserve would encourage the economy with low interest rates until the economy overheated. Prices would … Continue reading
Ann Wright: A Voice of Reasonable Dissent
Retired Col. Ann Wright was one of three U.S. diplomats to resign in protest over the American invasion of Iraq in 2003.Retired soldier now in fight against war in IraqBy Bill Sizemore / September 24, 2008 NORFOLK – For Ann … Continue reading
