Monthly Archives: August 2011

Hilarious

Aug. 25. The stock market zoomed Monday, up 300 points on the Dow and the “analysts” said it was because “the market” believes things were so bad the Federal Reserve will step in and help. How are they going to … Continue reading

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Did the Fed Offer to Loan You a Billion?

Bloomberg News revealed on August 22 that during the depths of the recession the Federal Reserve gave $1.2 trillion in secret loans to the biggest U.S. and foreign banks This dwarfs the $160 billion loaned publicly to the big banks … Continue reading

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Why it Will Happen Again

Nader and others have been wondering why so few crooks who caused the financial meltdown have been put on trial. Finally National Public Radio did a piece And a fine piece it was. NPR’s Robert Siegel interviewed William Black who … Continue reading

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Congress Member Proposes New Deal Jobs Act

Finally a representative has caught up to 1934! Representative Jan Schakowsky of Evanston Illinois has called for the U.S. government to create 2 million jobs directly. There’s no juicy incentives to business nor any dangling tax cuts, just straight out … Continue reading

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This One Will Cut to the Bone

Sad prediction in the New York Times a few days ago by their writer Catherine Rempell. She said that if we go into another recession it will be worse than the first because it’s starting from a much lower level. … Continue reading

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99 Year Old Gini Has Her Revenge

Gini isn’t a woman. It’s a way of showing by numbers how equal by income or wealth a society is. Corrado Gini invited the method of calculating it in 1912. Simply stated if a country had perfect equality between the … Continue reading

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Wall Street Goes Bright Red

It was a staggering picture on nightly news. A huge wall showing the 500 stocks that make up the S&P. Normally it’s a mix of green and red boxes. Today it was a solid mass of red. Not one stock … Continue reading

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Congrats Ehrenreich, But Take the Next Step

There was a sigh of relief Friday on Wall Street when the jobs number came in better than expected. They weren’t catastropic!!! 117,000 more jobs. The official unemployment rate actually went down a tenth of a percent. Whoopie! But we … Continue reading

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They Got What They Want, Now They Tremble

In seven minutes the U.S. Labor Department will report on July jobs numbers in the US. The entire capitalist world is on pins and needles. If jobs went up the predicted 85,000, well then things are anemic, but we’re not … Continue reading

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