Thursday, February 26, 2009

More economic issues

Obama Budget Proposes Up to $750B More Bank-Rescue...
$75.5B More Iraq, Afghanistan Combat Operations...
Tax Hike 2011...
'It's more Obama Robin Hood'...
$634B 'Health-Care Fund'...
FIDELITY exec slams 'New Deal II'; Blames feds for crisis...
Outlook grim for costly initiatives...
Bernanke again spurns talk of nationalization...
NEW: Assault Weapons Ban...

GM posts $9.6B 4Q loss, burns through $6.2B cash...

Recession, bailout, stimulus: US security threats?

Cut the Military Budget

By Barney Frank

Those organizations, editorial boards and individuals who talk about the need for fiscal responsibility should be challenged to begin with the area where our spending has been the most irresponsible and has produced the least good for the dollars expended--our military budget. Continue


Wake up, America!


Burdened with an ever-expanding government and military, increased international competition, overextended entitlement programs, and debts to foreign countries that are becoming impossible to honor, America must mend its spendthrift ways or face an economic disaster of epic proportions. Continue

It's Time to Break up the Big Banks

By Mike Whitney

Timothy Geithner is putting the finishing touches on a plan that will dump $1 trillion of toxic assets onto the US taxpayer. Continue

Nationalization: It's Not Scary, It's All Around You

By David Sirota

Amidst the punditocracy's handwringing about the supposedly unprecedented possibility of nationalization in America, Paul Krugman this week reminded his New York Times readers that nationalization is "as American as apple pie." Continue

A Planet at the Brink

Will Economic Brushfires Prove Too Virulent to Contain?

By Michael T. Klare

The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow. Continue

How Can U.S. Recover Without Manufacturing Capacity?

By Glen Ford

"You can't put people to work in American factories that don't exist." Continue

Japan exports drop 46% in January: Trade in electronics and other goods has also slumped as global economies and consumer spending contract, pushing Japan deeper into recession.

The Credit Card Debt Crisis: The Next Economic Domino: Credit card defaults are on the rise and are expected to hit 10 percent this year. This will obviously drive many banks closer to failing their stress tests -- but it will have an even greater impact on the lives of people who find themselves sinking deeper and deeper into debt.

Get Ready for Mass Retail Closings: About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space

Jefferson County, AL Can’t Make $636 million Debt Payment: The county was recently downgraded by the ratings agencies which resulted in accelerated principal and interest payments due to banks.

The Bankers Manifesto - A Real Document

Worried Investors Want Gold On Hand

Brown Bankrupting Britain

Wall St Falls Again On Grim Data

Who Wrecked Your World Economy

Roberts - How The Economy Was Lost

Bernanke Calms Nationalization Fears (?)

BoA Fights To Hide Bonus Payouts

Savers Pull Record Amount From Banks

Best Hope Is Recovery In 2010 - Bernanke

US House Prices Fall To 2003 Levels

Debtor-In-Possession Loans Vultures' New Tool

Recession Deepens - UK Economy Down More

Banks In New Wave Of CDS Losses

German CDS Debt Spreads Hits Record

Euro Banks Bailout Threatens Common Market

Fiddling While Eastern Europe Burns

Japan's Exports Down By Half In One Year

Japanese Carmakers Slash Production By 50%

Russian Economy Hit By 8.8% Decline

Latvian Debt Is Rated Junk Status

Pakistan Needs $5B Immed To Avoid Collapse

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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