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Tag Archives: Economy
US Household Worth Takes a Nosedive : How Do We Get Out of This Mess?
Updated December 17, 2008 Americans strapped for cash so they’re not spending; How will the government pay back all the cash it’s creating?By Roger Baker / The Rag Blog / December 16, 2008 See ‘Household Net Worth in U.S. Declines … Continue reading
Rogers: "We’re Going to Have a Lost Decade"
Jim Rogers calls most big U.S. banks “bankrupt”By Jonathan Stempel / December 11, 2008 NEW YORK – Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said … Continue reading
Sherman DeBrosse : Our Economic Trainwreck
‘The financial crisis involves a great deal more than shaky home mortgagers. The key problem is that our financial markets have been deregulated and, lacking policing, have engaged in a massive speculative binge.’ By Sherman DeBrosse / The Rag Blog … Continue reading
Posted in Rag Bloggers
Tagged American History, Economic Collapse, Economy, Financial Crisis, Great Depression
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Joseph E. Stiglitz on the Economic Crisis : Capitalist Fools
Treasury Secretary Henry Paulson and former Federal Reserve Board chairman Alan Greenspan bookend two decades of economic missteps. Photo illustration by Darrow / Vanity Fair. Behind the debate over remaking U.S. financial policy will be a debate over who’s to … Continue reading
Posted in RagBlog
Tagged Alan Greenspan, Capitalism, Economic Crisis, Economics, Economy, Henry Paulson
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Sherman DeBrosse : Big Three Bailout a Must
UAW workers picket GMC plant. Photo by Spencer Platt / Getty Images.An auto bridge loan is essential to reduce the pain of recession.By Sherman DeBrosse / The Rag Blog / December 10, 2008 The U.S. economy is so fragile that … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Automobile Industry, Congressional Bailout, Economic Crisis, Economy, Labor Unions, Recession
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Recession: Delusional Politics meets Lewis Carroll
‘”It’s a poor sort of memory that only works backwards,” the Queen remarked.’By Larry Ray / The Rag Blog / December 4, 2008 “The rule is jam tomorrow and jam yesterday – but never jam today!” Young Alice Bernanke stared … Continue reading
Posted in Rag Bloggers
Tagged Economic Crisis, Economy, Lewis Carroll, Political Satire, Recession
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Financial Crime Scene: Fingering the Perps
This is a very well-written and provocative article by a longtime Treasury Department analyst. It was originally delivered as a speech on Nov. 15, 2008, the first day of the G20 economic summit, at George Mason University in Fairfax, Virginia. … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Bush Administration, Economic Crisis, Economic Democracy, Economy, Federal Reserve, World Economy
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Dr. Stephen R. Keister : On Aging
Sir William Osler: “Pneumonia is the old man’s friend.”‘In the United States, for oh so many years we have merely warehoused the disabled, senile and near senile elderly, in nursing homes of variable competence.’By Dr. Stephen R. Keister / The … Continue reading
Posted in Rag Bloggers
Tagged Dr. Stephen R. Keister, Economy, Elderly, Health Care, Health Care Reform, Universal Health Care
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Hunger: Not Just an Overseas Problem
50 Percent More US Kids Hungry in 2007By Michael J. Sniffen / November 17, 2008 WASHINGTON – Some 691,000 children went hungry in America sometime in 2007, while close to one in eight Americans struggled to feed themselves adequately even … Continue reading
‘Sessing the Automakers Bailout
Cartoon by Charlie Loving / The Rag Blog
Understanding What the Stock Markets Are Doing
Source / RGE Monitor Thanks to Erich Seifert / The Rag Blog
Obama’s Bailout Bunch : Sure Seems Like More of the Same
President-elect Barack Obama with Vice President-elect Biden and a group of economic advisers at a news conference in Chicago on Nov. 7, 2008. Photo by Damon winter / NYT.‘Almost half the people on Obama’s economic advisory board have held fiduciary … Continue reading
Posted in RagBlog
Tagged Congressional Bailout, Corporate Corruption, Economy, Obama Presidency
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