Tag Archives: Economic Crisis

Intrepid Berlin Correspondent MacBryde Reports on the Berlin Dialogue on the Financial Crisis

Heidemarie Wieczorek-Zeul, German Minister for International Economic Cooperation and Development. Photo: © Simone D. McCourtie / World Bank. Changing the System(s) (Part 1)By David MacBryde / The Rag Blog / April 1, 2009 Some quick steps in February and March … Continue reading

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Economic Crisis Yielding More Homelessness

An encampment of tents under an overpass in Fresno. Photo: Jim Wilson/The New York Times.Cities Deal With a Surge in ShantytownsBy Jesse McKinley / March 25, 2009 FRESNO, Calif. — As the operations manager of an outreach center for the … Continue reading

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France : Millions Take to the Streets in Protest

Massive protest against French President Sarkozy in Paris, March 19, 2009. Photo by Pascal Le Segretain / Getty Images / The Independent. Streets in central Paris were packed with protesters waving anti-Sarkozy placards and chanting slogans, with badges reading ‘Get … Continue reading

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Economy : Long Shot Your Best Bet

Getting Randomly Picked To Make Half-Court Shots Now Best Way To Earn Living WASHINGTON — A new study released by the U.S. Bureau of Labor Statistics Tuesday confirmed that the most dependable source of income for American workers in the … Continue reading

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Eschenbach: The Root Cause of the Economic Crisis: Selfishness Was In, Selflessness Was Out

The Death of Voodoo EconomicsBy Sid Eschenbach / The Rag Blog / March 12, 2009 While it’s interesting, almost unavoidable and improbably instructive to play a ‘blame game’ regarding who is responsible for our collective demise, my own view is … Continue reading

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David P. Hamilton : Sea Change

Sea Change. Future debates will be over how fast and how far to push change, primarily involving the conversion of private to public, not whether change is desirable. Maintaining the status quo is almost an irrelevant position. By David P. … Continue reading

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Ethnic Media : Important Voice Seriously at Risk

The danger of losing the ethnic media With their ability to tap into the communities they serve, the ethnic media contribute context, history, and perspectives found nowhere else. By Sally Lehrman / March 5, 2009 AsianWeek, San Francisco’s English-language weekly … Continue reading

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Michael Meeropol : Business Unites to Fight Workers’ Rights

Virtually the entire organized business lobbying apparatus is united in attempting to convince the public that the Employee Free Choice Act is a terrible blow against workers’ rights. By Michael Meeropol / The Rag Blog / March 5, 2009 The … Continue reading

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Sherman DeBrosse : An Economic Enema to Chill the Meltdown

People walk to work in the snow as they pass the flag-draped New York Stock Exchange Monday, March 2, 2009. Photo by Mark Lennihan / AP. The Geithner Plan may be good economics but it probably is terrible politics. By … Continue reading

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Mind Boggling Numbers

Source / The Comic News The Rag Blog

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Roger Baker : AIG and the ‘Adverse Feedback Loop’

Image from nextlogics Bernanke hates to call our current situation a deflationary spiral despite its close resemblance to one. Perhaps because of the association of that term with the Great depression, Bernanke chooses to call our current crisis an ‘adverse … Continue reading

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‘Bank Holiday’ Coming? Obama and the Crippled Economy

The Bush near-depression spirals downward while President Obama’s powers to act seem circumscribed . . .there are many interrelated parts of this deep economic crisis. Nothing improves until the banks are again stable and are lending money. The banks in … Continue reading

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