Thorne Webb Dreyer, Editor
RECENT POSTS
Tag Archives: Economy
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
2 Comments
New York Times : Is ‘Gray Lady’ Fading Fast?
Is financial demise of The Times at hand?By Dr. Denny / November 11, 2008 In 1896, Adolph Ochs bought The New York Times and boldly placed on its front-page flag the slogan All The News That’s Fit To Print. Today, … Continue reading
Posted in RagBlog
Tagged Advertising, Economy, Investigative Journalism, New York Times, Newspapers, Print Media
1 Comment
Varieties of State Capitalism : China’s Plan to Kickstart its Economy
An elevated highway site near Hangzhou, the sort of project that would be financed in a new economic stimulus package. Photo by Qilai Shen / European Pressphoto Agency.‘China has a more efficient kind of state-nourished capitalism; they can mandate that … Continue reading
Morici: The Economy Is a Two Wheel Recession
Gone, Baby, Gone: Another 240,000 Jobs LostBy Peter Morici / November 7, 2008 The Labor Department reported the economy lost 240,000 payroll jobs in October, after losing 284,000 jobs in September. This was much worse than was expected and represents … Continue reading
Larry Ray : Early Christmas? Put Away the Flashing Lights
A string of lights: Don’t expect pretty incentive packages under America’s real Christmas trees this year.By Larry Ray / The Rag Blog / November 8, 2008 It has been like a long Christmas morning since the evening of the November … Continue reading
Jim Hightower : The Five Most Wanted Men from Wall Street and Washington
Our economy didn’t melt down, it was taken down by ideological extremists.By Jim Hightower / November 3, 2008 What the hell’s happening here? Why is my bank in the tank? And my house and job? And my retirement money? Even … Continue reading
Posted in RagBlog
Tagged Banking, Corporate Corruption, Economic Collapse, Economy, Federal Reserve, Financial Crisis, Jim Hightower, Wall Street
Leave a comment
Exxon Mobil’s Exxcellent Adventure : Biggest Profit in U.S. History
‘The latest quarter’s net income equaled $1,865.69 per second, nearly $400 a second more than the prior mark.’By Aaron Smith / October 30, 2008 NEW YORK — Exxon Mobil Corp. set a quarterly profit record for a U.S. company Thursday, … Continue reading
Posted in RagBlog
Tagged Corporate Profits, Economy, Exxon Mobil, Monopoly Capitalism, Oil Companies
1 Comment
Surprise! : Banks to Use Bailout Bucks for Mergers
The Rag Blog reported yesterday, in a story titled Salary Bonuses Constitute 10% of the Bailout that pay and bonus deals for corporate bigwigs account for about ten percent of the government bailout package. Here’s more good news: Big banks … Continue reading
Posted in RagBlog
Tagged Bank Bailouts, Banking, Congressional Bailout, Economy, Financial Crisis, Monopoly Capitalism
Leave a comment
Progressive Taxation and the Sad Saga of Joe the Plumber
Illustration by Tom Bachtell / New Yorker.It all started with Adam Smithby Steve Coll / October 27, 2008 The rise and fall of Joe the Plumber as a symbol of the American self-made man’s resistance to progressive taxation began on … Continue reading
Posted in RagBlog
Tagged Adam Smith, Campaign Tactics, Economy, Joe the Plumber, McCain Campaign, Taxation
1 Comment
The Bailout Monster : Feed Me!
Just wait until next month, sucker.By Roger Baker / The Rag Blog / October 22, 2008 See ‘Fed to Provide Up to $540 Billion to Aid Money Funds’ by Craig Torres and Christopher Condon, Below. Dividing $540 billion by the … Continue reading
Posted in Rag Bloggers
Tagged Banking, Economic Collapse, Economy, Global Economy, Money Markets, Wall Street Bailout
1 Comment
They’re Not Done Robbing Us Yet !!!!!
Administration Floats New Stimulus PlanBy Jeannine Aversa / October 20, 2008 Momentum is building for a fresh dose of economic stimulants to boost the country out of the doldrums – perhaps by putting more money in Americans’ pockets. The White … Continue reading
