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Tag Archives: Economic Crisis
The Stimulus Fix and the Global Ponzi Scheme
In terms of our current economic condition, we resemble a junkie going through withdrawal; “jonesing,” desperate for a money fix. Stimulus packages are thus globally popular to alleviate the symptoms of our addiction to easy money resulting from the recent … Continue reading
Posted in Rag Bloggers
Tagged Economic Crisis, Economic Depression, Economic Stimulus, Global Economy
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Wall Street Journal : Librarian Laments Research Shutdown
The following would just be a sad but passing story except for one thing. It is emblematic of what’s happening all over the country. Reporters are being “let go,” bureaus are being closed, broadcast news departments are suffering daily funding … Continue reading
Homeowners Storm Gold Coast Mansions of ‘Predatory Lenders’
Neighborhood Assistance Corp. of America (NACA) members outside the home of Greenwich Financial’s William Frey on Sunday, Nov. 8, 2009. Photo by Danielle Robinson / The Hour / AP.Grab Your Torch ‘n Pitchfork! ‘Sporting bright yellow shirts that read, “Stop … Continue reading
Posted in RagBlog
Tagged Economic Crisis, Finance, Foreclosures, Loan Sharks, Social Action
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Heerrre Commmes Ronnie !!
Cartoon by Charlie Loving / The Rag Blog
Economic Stimulus : Try Whips and Chains
Graphic courtesy of The Daily Beast.Kinkonomics: With staff jobs evaporating and former nine-to-fivers cobbling together incomes through scattered side projects, freelancing as a dominatrix — or “pro-domme,” as industry types prefer to call it — has become a plausible gig … Continue reading
Philosophy and the Economy : View from Berlin
Front Page of the German daily newspaper Die Tageszeitung (TAZ) from Dec. 3, 2008. Photo by David MacBryde / The Rag Blog.Decisions, decisions, decisions… and the common good.By David MacBryde / The Rag Blog / February 3, 2009 BERLIN — … Continue reading
Foreclosed On? Congresswoman Says: Stay and Fight
Rep. Marcy Kaptur, D-Ohio, wants those losing their homes to stay and fight. Photo by Rick Bowmer / AP.‘So I say to the American people, you be squatters in your own homes,’ said Congresswoman Kaptur before the House of Representatives. … Continue reading
Posted in RagBlog
Tagged Direct Action, Economic Crisis, Finance, Foreclosures, Housing Crisis
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UN : Drug Money Used to Prop Up US Banks
‘The United Nations Office on Drugs and Crime had found evidence that “interbank loans were funded by money that originated from drug trade and other illegal activities,”‘By Boris Groendahl / January 25, 2009 VIENNA — The United Nations’ crime and … Continue reading
Roger Baker : Capitalism and its Minsky Moment
Minsky’s Burlesque. [Basically the same thing.] Photo by Peter Stackpole, 1938 / Life / © Time Inc.‘Whenever capitalism seems to have mastered the secret of eternal success, it has a natural urge to step on the gas pedal.’By Roger Baker … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economic Crisis, Finance, Global Economy, Minsky
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Pilgrim’s Pride and Tysons Benefit from Bailout
As our Friend and contributor, Diane Stirling-Stevens, says of this article, “Another bit of news that made me do “#$*&(#$&(*#$&(#*&$#”.” We couldn’t agree more. Big Ag is a significant economic and health issue, and we remain hopeful that the new … Continue reading
Feeling a Little Depressed? So Does the Economy.
Block print by Frans Masereel.‘The discretionary spending sector appears to be in freefall — as the economy restructures itself at a lower level around consumer necessities like food and energy. This is global.’By Roger Baker / The Rag Blog / … Continue reading
Posted in Rag Bloggers
Tagged Depression, Economic Crisis, Economic Recovery, Economy
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Granny D : Fear is a Humbug
‘This society has run its course. We the people have long been ready for fresh growth, greener growth, scaled more to the needs of human beings and their communities.’By Doris “Granny D” Haddock [These remarks are excerpted from a speech … Continue reading
