Seven Avoidance Indicators
By Ralph Nader
If the Obamites do not act now when the political time is ripest, to put into motion forces of deterrence and prevention, the casino capitalists of tomorrow will again be able to de-stabilize our economy. Continue
Obama's Economic Saviour Savaged as Keating Lets Rip
By Peter Hartcher
In sum, Tim Geithner is a gigantic fool, the IMF the gun that can't shoot straight, Alan Greenspan a bungler. The big US banks were run by the greedy and the hopeless, the Australian banks by counterhopping clerks. It's a world of many villains. And only one hero. Continue
Dollar Crisis In The Making
Before the stampede
By W Joseph Stroupe
Increasingly ominous clouds are gathering in what could soon be the perfect storm against the United States dollar and against the present dollar-centric global financial order. Continue
The US Is Facing a Weimar Moment
By Robert Freeman
The devastating collapse of the economy after eight years of Republican rule has left the leadership, policies, and ideology of the right utterly discredited. But, as was the case with Germany in 1919, Republicans do not intend to allow the new government to succeed. They will do everything they can to undermine it. If they are successful, the U.S. may yet go the way of Weimar Germany. Continue
Obama's No Socialist. I Should Know.
By Billy Wharton
Socialists know that Barack Obama is not one of us. Not only is he not a socialist, he may in fact not even be a liberal. Socialists understand him more as a hedge-fund Democrat -- one of a generation of neoliberal politicians firmly committed to free-market policies. Continue
Obedience to Authority in America
A Different Kind of Revolution:
By Mike Whitney
We're at war, and the enemy is not the government per se, but the super-rich corporatists that run the government and who prevent the economy from serving human needs. Continue
Britons suffer 17% plunge in wealth: Households witness biggest drop in the value of their assets for 40 years after house price and stock market collapses
Foreclosures just keep on rising: The latest RealtyTrac numbers, which point to a 30 percent, year-over-year increase in foreclosures across the country and a nearly 6 percent jump from just this January.
US reassures China over assets: Robert Gibbs, a spokesman for Barack Obama, the US president, said on Friday: "There's no safer investment in the world than in the United States." Gibbs was responding to comments by Wen Jiabao, China's prime minister, who voiced concern over the outlook of US government bonds, calling on Washington to ease worries about US assets.
Another twist for the unemployed: Debit card fees: - If you're out of work like Steve Lippe, who was laid off from his job as a salesman in January, you know you already have problems. But looking at the fine print that came with his new unemployment debit card, he became livid.
Homeless Tent Cities Springing Up In US
NBC News Reports
In Sacramento, California, tent cities populated by the recently homeless have begun springing up in a scene reminscent of the Hoover ear. This is yet another sign og bad economic times, and reflects the need for change, not based on ideology, but on the practical needs of the people. Continue
Proposal to Have Soldiers Pay for Service-Related Injuries with Their Own Private Insurance: Veterans Affairs Secretary Eric Shinseki confirmed...that the Obama administration is considering a controversial plan to make veterans pay for treatment of service-related injuries with private insurance.
45 percent of world's wealth destroyed: Blackstone CEO: "Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half," Schwarzman told an audience at the Japan Society. "This is absolutely unprecedented in our lifetime."
Chinese Premier concerned about assets in US: Wen Jiabao reminded the United States of its responsibilities in easing the global financial crisis – and of its indebtedness to his country, which now owns the bulk of US Treasuries. "I would like ... to once again request America to maintain its trustworthiness, keep its promise and guarantee the safety of Chinese assets," he said.
WHAT? Democrats draw up plan for second stimulus bill: Democrats in the US Congress are drawing up plans for a second stimulus bill amid fears the first $787 billion package was not big enough to kick start the US economy.
Cities Are Selling Stimulus Funds to Each Other: In Los Angeles County, cities are buying federal stimulus funds from each other at deep discounts, turning what was supposed to be a targeted infusion of cash into a huge auction.
Foreclosures just keep on rising: : The latest RealtyTrac numbers, point to a 30 percent, year-over-year increase in foreclosures across the country and a nearly 6 percent jump from just this January.
Unemployed Screwed Via Debit Cards, Banks
Stewart Knockout Blow To TV Finance Gurus
Stewart Rips Jim Cramer, Financial System Vid
Barclays Tax Dodge Nets £1 Billion
Brits Suffer 17% Plunge In Wealth
Ukraine, Lativia Warn Disaster If Not Helped
Madoff Victims Want Wife's Wealth
10 Applicants For Every UK Job Vacancy
G20 Summit Approves IMF Cash Boost
Cramer's Explanation Of Stock Mkt Manipulation - Vid
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