Why do we allow speculators to raise the price of commodities like food and oil by betting on how expensive those same commodities are going to be in the future?
Doesn’t that seem a bit suicidal, like betting against yourself, doubling down each time?
India may be on the right track: India considers suspending trade in food [...]
January 25, 2008 – 4:27 pm
He was instrumental in the biggest financial meltdown in history, pushing banking deregulation and “creative” loan products that unwound the U.S. economy, but evidently it was all worth it:
Greenspan said on Thursday that subprime mortgages were risky, but they helped broaden home ownership.
During a speech to a financial audience in Vancouver, Greenspan said subprime mortgages [...]
January 25, 2008 – 4:24 pm
Even when you expect a piss-poor stimulus package, our democratic leaders can still limbo lower.
Pelosi and Reid got out their kneepads again, giving the GOP thugs the store while eeking out miniscule help for the working poor and the middle class in an economic stimulus package that will not put money into any individual’s pocket [...]
January 18, 2008 – 9:32 am
But even I can see gargantuan holes in this plan:
With the economy’s prospects growing bleaker seemingly by the day, politicians in both parties have rallied around the three Ts, the mantra that any stimulus package needs to be timely, targeted and temporary.
One might add the three Bs as well — the ability to deliver the [...]
December 26, 2007 – 12:13 pm
Today is Boxing Day, which in the U.K. used to be the day when the servants (who of course had to serve Christmas day) got a rare day off to spend with their families, eating the boxed-up leftovers of their master’s feast. Lucky duckies!
Thankfully, no such outmoded classism gets in the way of the [...]
December 17, 2007 – 10:37 am
when his time comes, Alan Greenspan would fall directly from his lofty platonic perch down to the deepest circle of hell, where he would live in a flooded New Orleans shotgun with Ayn Rand and Milton Friedman, each given only a tablespoon to bail with while fetid water continued to seep through the walls, rank [...]
November 4, 2007 – 8:25 pm
Ms. 911
Interesting discussion on Washblog about the 2008 Washington caucuses and the likely dampening effect of having Clinton the presumed nominee going into those caucuses. Hell, Clinton II was the presumed 2008 nominee before the “Dean scream” happened in 2004 so is anyone surprised? We can all just sit back and look [...]
October 30, 2007 – 10:08 am
From Edwards yesterday:
…
It’s time to tell the truth. And the truth is the system in Washington is corrupt. It is rigged by the powerful special interests to benefit they very few at the expense of the many. And as a result, the American people have lost faith in our broken system in [...]
October 16, 2007 – 10:26 am
“Investors seem to be moving money outside of the U.S. which leads us to believe they are planning for a continual U.S. dollar decline,” said Mark Meadows, currency strategist at Tempus Consulting in Washington.
But BushCo sez we need more Free Trade Agreements. Now.
Last week President Bush launched a campaign to win support for four [...]
October 15, 2007 – 11:59 am
Georgie’s radio address on Saturday (I can’t listen to the moron without getting nauseous, but I do read the transcripts):
…Last week, we learned that September was America’s 49th consecutive month of job creation — the longest uninterrupted period of job growth on record.
As usual, Chimpy is full of shit. From the Bureau of Labor [...]
October 15, 2007 – 11:58 am
I have been reading Naomi Klien’s The Shock Doctrine, but I haven’t finished it yet.
Why?
It is the only book I’ve ever read where the facts are so horrendous that I have to put the book down to keep from becoming physically ill.
I think this is because when I read most books about geopolitical atrocities, they [...]
The people in charge are doing a good job of eliminating grassroots activism. No need to pretend to be representing us anymore. Makes their job so much easier.
Why I Am Leaving the Democratic Party
By Cindy Sheehan
05/28/07 “ICH” — - Dublin, Ireland
Dear Democratic Congress,
Hello, my name is Cindy Sheehan and my son Casey Sheehan [...]
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