Tag Archives: Economy

Jim Hightower : ‘Lifestyles of the Rich… and Cranky.’

Ferrari F430 Spider, just $3,500 a day. Dude.Democratizing luxuryBy Jim Hightower / July 11, 2006 Time to take another peek into the “Lifestyles of the Rich… and Cranky.” A problem for many rich people is that they’re merely rich – … Continue reading

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Drawn and Quartered

Michael Kountouris, GreeceThe Rag Blog / Posted July 10, 2008

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Can’t Fall On Your Fannie Mae

Flowers grow in front of the headquarters of Fannie Mae in Washington. Photo by Ken Cedeno / Bloomberg News. So lets see if I have things straight. The feds can’t just bail out Freddie and Fannie because that might cause … Continue reading

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Brother, Can You Spare a Euro?

The U.S. dollar has been declining steadily for six years against other major currencies, undercutting its role as the leading international banking currency. (Photo by Michael Probst / AP.The buck doesn’t stop here; it just keeps fallingBy Tom Raum / … Continue reading

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This From the "Too Little, Too Late" Department

You’ve got to admire these essentially brainless politicians for being so remarkably and densely persistent. Oil production is consistently decreasing year over year, but they know how to resolve the issue: lower the speed limit, again !!! I’ve withdrawn my … Continue reading

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Referring to the US Economy ….

Did you see the new dollar bill they just released in commemoration of our $4+ gasoline? Thanks to Mariann Wizard / The Rag Blog

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Two For The Road : Heading For The Exit Lane

By 2012 there should be roughly 10 million fewer vehicles on the road in America… We stand at a turning point for US transport. Real gasoline prices have already surpassed the peak levels that followed the second OPEC oil shocks, … Continue reading

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Two For the Road : Killing Off the Small Town

A road going to Leeton, Missouri, population 619. Photo by jelene’s photostream.High Gas Prices Threaten to DrainSmall Towns’ PopulationsBy Donald Bradley / June 28, 2008 LEETON, Missouri – In this small town south of Warrensburg, directions usually begin with, “From … Continue reading

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Drifting Toward Poverty and Serfdom

Reverse Henry-FordismBy Ernest Partridge / June 17, 2008 There are no sellers without buyers. That’s the first law of practical economics. Everyone knows this to be true, whether or not one has ever taken a course in Economics. Everyone except, … Continue reading

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The Earth : Love It Or Lose It, Solar Energy Dept.

Photovoltaic electrical generation array.Solar Power to the RescueBy Paul Spencer / The Rag Blog / June 26, 2008 Paul Spencer is a former Austin activist and staff member of sixties/seventies underground newsppaper The Rag, who has been running for president … Continue reading

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The "SuperCorridor" – Likely Still Alive and Kickin’

SuperCorridor Defeat? Don’t Bet On Itby Stephen Lendman / June 20, 2008 The title refers to the I-69/Trans-Texas Corridor (TTC) portion of the North American SuperCorridor Coalition (NASCO) project. The Texas Department of Transportation (TxDOT) announced that, for now at … Continue reading

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Leaving the Rest of Us to Twist in the Breeze

Energy ReportBy Edgar Alpo The latest energy report from the EIA: Total petroleum consumption of liquid fuels and other petroleum products averaged 20.7 million bbl/d in 2007, similar to 2006 (U.S. Petroleum Products Consumption Growth). Based on prospects for a … Continue reading

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