Wednesday, February 25, 2009

More economic issues

HEARST Plans to Sell or Close SAN FRANCISCO CHRONICLE Newspaper...

CITI customers angry about gov't plans...

How the US Economy Was Lost

By Paul Craig Roberts

If incompetence in Washington, the type of incompetence that produced the current economic crisis, destroys the dollar as reserve currency, the “unipower” will overnight become a third world country, unable to pay for its imports or to sustain its standard of living. Continue


A Struggle For The "Soul" of Capitalism

A Revolution in Spirit

By Benjamin R. Barber

A silent but fateful struggle for the "soul" of capitalism is being waged. Can the market system finally be made to serve us? Or will we continue to serve it? Continue


In Case You Missed It
Did Vladimir Lenin Predict The Banking Disaster Of 2008?

"Imperialism the Highest Stage of Capitalism"

By V. I. Lenin

The epoch of imperialism opens when the expansion of colonialism has covered the globe and no new colonies can be acquired by the great powers except by taking them from each other, and the concentration of capital has grown to a point where finance capital becomes dominant over industrial capital. Lenin enumerated the following five features characteristic of the epoch of imperialism. Continue


CNBC Editor: The People Are Revolting!

By Ryan Chittum

This is an example of what’s wrong with a certain kind of financial journalism, the kind where people of like backgrounds spend all day staring at tickers and interviewing each other. Continue


Beyond Scarcity: Re-Inventing Wealth in a Progressive World

By Joe Brewer

The current economic crisis is causing a massive redistribution of wealth across society. With a newfound capacity to shape our nation’s destiny, progressives can take this opportunity to redefine ourselves - especially our ideas about wealth and prosperity - as we seek to build a flourishing society. Continue


Worse Than My Darkest Nightmare

By Binyam Mohamed

As I gain my freedom, I am determined that neither those who remain in detention, nor their abusers, are forgotten. Continue

UK: Yes we are raging - against a Government that spies on its citizens while ignoring the crimes of greedy bankers: Today one of Britain's most senior police officers with responsibility for public order raises the spectre of a 'summer of rage', with victims of the increasingly bitter recession taking to the streets in possibly violent protest.

Huge protest over Irish economy: Trade union organisers of the march said workers did not cause the economic crisis but were having to pay for it.

Eastern European bailout proposed: EUROPEAN leaders called for doubling the International Monetary Fund's war chest for bailing out financially stricken nations, amid new signs that Europe's former Communist East is sliding into a full-blown economic crisis with worrying implications for the continent as a whole.

Home Prices Plunge 18.5%; Another New Low: The Standard & Poor’s/Case-Shiller home price index reports that the price of single family homes dropped 18.5% in December versus the same time the previous year.

Home Depot swings to $54 million loss: Home Depot Inc. said Tuesday that it swung to a loss in the fourth-quarter, hurt by restructuring costs and lower demand amid the malaise in the housing market and the onslaught of rising job losses.

Angry citizen(s) spray paint Congressman’s car and home: After the first round of bankster bailouts was passed by Congress against the will of the American people several representatives in Minnesota found their cars and homes spray painted by angry constituents.

BoA Heiress Blasts Bank Leaders As Idiots

Wall St & Bernanke - The Blind Leading The Blind

AIG Asks Fed For More Bailout Money

What's Next For Gold?

Financial Crisis Truly Global

Asia Stocks Dive On Growing US Fears

UK Bankers Demand A Pay Raise!

Retail Jobs Losses Hit Record In UK

Central Europe Tries To Bolster Currencies

ECB Faces Mutiny From Bank Governors

ECB Warns Germany Against EU Bailout

Alarm Over Europe's Credit Contraction

Burien - The Psychology Behind The Shell Game

Global Systemic Geopolitical Dislocation

Dow And SP At 1997 Lows

Orwellian Doublethink - 'Nationalize Banks'...'Free Markets'

Soros - No Bottom To World Financial Collapse

Is Madoff A Symbol Of Jewish Greed?

Lendman - The More They Do The Worse It Gets

China Losing Interest In Buying US Debt

World Financial System Is Insolvent

IMF Emergency Fund Doubled To $500 Billion

Slim Pickings If China Won't Buy Western Debt

China To Buy Up Foreign Oil Companies


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