Life the Universe and ....: More Econimic Problems!!!

Sunday, May 10, 2009

Employers Cuts 539,000 Jobs in April... Government hires 66,000... Unemployment Rate hits 25-year high...FT: Emotions may yet save economy...

NYC Starts Charging Rent at Homeless Shelters...redit crunch dulls glitz of Cannes festival...China overtakes the USA as Brazil's largest trading partner...STRESS TEST LESS: Fed cut banks' deficits after negotiations... Significantly scaled back size of shortfalls...

Is Anyone Minding the Store at the Federal Reserve?

U.S. Taxpayers Risk $9.7 Trillion on Bailout Programs

By Mark Pittman and Bob Ivry

The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages. Continue

Depressionus Interruptus

Did Bernanke pull the economy back from the brink?

By Mike Whitney

The stock market surge doesn't help working people who get paid by the hour and don't have the extra money to bet on equities. They can't move numbers from one ledger to another and magically show a profit. They have to balance their check books, show up on time, and play by the rules. For these people--the bulk of working Americans--the future has never been grimmer and less certain. Continue

The Patriotic Retirement Plan
"How Would You Fix the Economy?"

By St. Petersburg Times

The St. Petersburg Times Newspaper, Business Section asked readers for ideas on "How Would You Fix the Economy?" This guy nailed it! Continue

Populism is Not a Style

It's a People's Rebellion Against Corporate Power

By Jim Hightower

A majority of folks today hold within them the live spark of populism--which is an innate distrust of corporate tycoons and Wall Street titans and an instinct to rebel against them. The moment can come again. As Goodwyn tells us, "the triumph of Populism...was the belief in possibility it injected into American political consciousness." Continue

Seeds Of Truth

By Sheila Samples

Once you opt to buy Monsanto seeds, you are no longer a farmer, you're a "grower" -- a serf Continue

UK's income gap widest since 60s: Britain under Gordon Brown is a more unequal country than at any time since modern records began in the early 1960s, after the incomes of the poor fell and those of the rich rose in the three years after the 2005 general election.

Bank of England braced for third wave of financial crisis: This week both banks again warned of sharp increases in bad loans to British business customers.

Recovery? What Recovery?: Why entrepreneurs aren't so optimistic about the economy.

Banks Block Way Out Of Foreclosure Crisis

BoE Braces For 3rd Wave Of Financial Crisis

Gordon Brown's Golden Error?

RBS Chief - 'I Don't See Any Green Shoots'

US Jobless At 26 Year High

Mexico Considers Tax Increases

Resentment Stirs On Suburban Estates

Desperate Baby Boomers Return To Work

RBS Six Figure Bonuses Despite Record Losses!

Real Unemployment At 15.8%: - Highest Level On Record

The Greatest Boondoggle In History