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 | Noam Chomsky on the economy and democracy Pt2 Noam Chomsky on the economy and democracy Pt3 Stephen’s Angry Mob Will Crush AIG (click to show/hide Colbert video) The government can’t stop AIG but Stephen’s angry mob will crush these punks. He pulls [...] The economy is in trouble. I know they’ve been saying this for a while, but I actually believe it now. A friend’s husband is getting laid off. Another friend’s husband has lost a third of his business contracts, and she is scrambling to make sure that the family can still get needed medical and dental services. Others are afraid of losing [...] Is it just me or has anyone else noticed that there is a pattern with Congress passing legislation that the American people do not want and know is not in their interest? First they kick it around a little and then have a vote or two that fails to pass the proposed bill. Then they tweak the bill a little while some of the [...] From our international banker this morning: The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the “exceptionally” stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said on Tuesday. Lacker pointed out that when adjusted for inflation, the federal funds rate for overnight lending, currently at 2%, is at its lowest level in post-war [...] Economy in a slump? State budget hurting for tax revenues? Here’s your solution: Gov. Arnold Schwarzenegger ordered the layoffs of thousands of state workers Thursday and steep pay cuts for most other state employees to ease California’s budget crunch, moves that could mean longer lines at the DMV and delays in processing of workers’ compensation claims. The state has been without a budget [...] |      | ||||
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