Super-rich ravaged by recession...
Finance officials at odds over IMF funding plan...
China calls for reform of global monetary system...
Summers Says Economy, Employment Will Keep Declining for 'Some Time'...
No Light In The Tunnel
A Housing Crash Update
By Mike Whitney
Why is the press misleading the public about housing? The housing market is crashing. There are no "green shoots" or "glimmers of hope"; the market is worn to a stump, it's kaput. Continue
Where's My Change?
By Ralph Nader
The corporate chieftains have easy access to the White House and the new President, whether these bosses come on missions demanding power or missions of beggary for bailouts. When will he meet with the leading heads of consumer protection groups with millions of dues-paying members who could give him the base to hold accountable and regulate the democracy-denying, economy-wrecking corporate supremacists? Continue
This Is A Must Listen
The Financial Barbarians at the Gate
Guns & Butter Interviews financial economist and historian, Dr. Michael Hudson.
The history of banking and the criminalization of the banking system; tax policy; real estate asset inflation; US imperialism via the monetary system; - similarities with the Roman Republic; what measures labor should take. Continue
4 more banks fail, lifting this year's tally to 29: Regulators shut banks in Georgia, Michigan, Idaho, California; 29 so far tops 2008 total