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Wall Street's 'Disaster Capitalism for Dummies'
14 reasons Main Street loses big while Wall Street sabotages democracy
By Paul B. Farrell
Yes, we're dummies. You. Me. All 300 million of us. Clueless. We should be ashamed. We're obsessed about the slogans and rituals of "democracy," distracted by the campaign, polls, debates, rhetoric, half-truths and outright lies. McCain? Obama? Sorry to pop your bubble folks, but it no longer matters who's president. Continue
Arms For The Poor
By Jeff Huber
Those poor kids at the Pentagon. They receive more funding than the rest of the world's military establishments combined, but it's just not enough. Pentagon officials have prepared a new defense spending estimate—one they plan to spring on us just before young Mr. Bush exits stage right—that projects a requirement for $450 billion more over the next five years than previously announced. Continue
Wachovia reports $23.9 billion loss: Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big lender.
Yahoo firing 1,500 workers; 3Q profit falls 64 pct (AP): Yahoo Inc. will fire at least 1,500 workers to cope with a crumbling economy that dented its third-quarter profit and turned up the heat on the slumping Internet company's management as investors stew over a missed opportunity to sell to Microsoft Corp. for $47.5 billion.
Monthly job losses up across 41 states: More than 80% of states reported jobs disappearing in September, with Michigan suffering the highest losses, according to a government report.
"Under water" mortgages are growing threat to U.S.: - Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in.
Fewer prescriptions filled as economy worsens: The tumbling economy may be making Americans queasy, but they're apparently so worried about their pocketbooks that they're skipping their meds.