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Tag Archives: Economy
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
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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
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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
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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
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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
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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
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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
On Voting, the Economy, and the Stock Market
The Record: Stock Market, Economy Do Better Under DemocratsBy Avenging Angel / October 15, 2008 On Wednesday, the New York Times performed an election year public service with an analysis that was part history lesson and part thought exercise. Taking … Continue reading
Hedge-Fund Defector Thanks ‘Prep School Idiots’ ; Says ‘Legalize Pot’
Lahde says pot illegal because corporate America addicted to pharmaceutical profits.‘All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other sides of my trades.’By Katherine Burton … Continue reading
Posted in RagBlog
Tagged Drug Legalization, Drug War, Economy, Hedge Funds, Investments, Marijuana
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