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Tag Archives: Economy
ECONOMY : Size Matters When You’re Bailing Out!
1943 photo of Merchant Marines bailing out of a lifeboat.What good is money if you can’t spend it on stuff like oil, right?By Roger Baker / The Rag Blog / September 10, 2008 Since Lehman Brothers investment bank (the type … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Collapse, Economy, Federal Reserve, Finance
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Another Bank Fails (And There’s a McCain Involved)
Silver State Bank Goes Belly UpBy Cookie Jill / September 8, 2008 Guess Andrew McCain learned “economics” from his dad. Regulators on friday shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly … Continue reading
The Economic Vocabulary Was Turned Into Double-Think
An Interview with Economist Michael Hudson… The worsening debt crisis: Who got us into this mess and what are the real political options?By Mike Whitney / September 8, 2008 Michael Hudson is a former Wall Street economist specializing in the … Continue reading
Community College Students Need Not Apply : Our Reward for Bailing Out the Banks
‘The following lenders have started turning away from community college students: Citibank, JPMorgan Chase, SunTrust, and PNC’by Kesi Foster / September 3, 2008 “Since so many students at community college work full-time, I bet we’re actually paying a great deal … Continue reading
Posted in RagBlog
Tagged African-American, Banking, Campuses, Community Colleges, Economy, Finance, Student Loans
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The Con-Servative Way: Privatize the Profits and Socialize the Losses
Fannie Mae, Freddie Mac: Phase two of financial crisisBy Jack Rasmus / September 1, 2008 Despite repeated efforts during the past year by the Federal Reserve (Fed), the U.S. Treasury, regulatory agencies, and global central banks, the current financial crisis … Continue reading
Bleak News on Employment Front : Jobless Rate Soars
Theodore Harmon, left, helps Solomon Boyd with a job application as the two look for work at the New York State Department of Labor office in Harlem. Photo by David Goldman / NYT.Economist Jared Bernstein: ‘Working families are in trouble’By … Continue reading
Posted in RagBlog
Tagged Economy, Inflation, PresidentialCampaign, Recession, Unemployment
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Joseph Stiglitz on the Economy : Falling Down
‘London Bridge’ (1616) by Claes Van Visscher. This engraving shows Old London Bridge in 1616, with Southwark Cathedral in the foreground. The spiked heads of executed criminals can be seen above the Southwark gatehouse. Some of Old London Bridge did … Continue reading
Posted in RagBlog
Tagged Border Wall, Depression, Economics, Economy, Finance, Great Depression, History, Recession
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"I Need the Money to Pay My Bills"
Marjorie Allgood in Louisville, Ky., where a record number of students qualify for free meals. Photo: Tyler Bissmeyer for The New York Times.Hard Times Hitting Students and SchoolsBy Sam Dillon / August 31, 2008 LOUISVILLE, Ky. — With mortgage foreclosures … Continue reading
A Nightmare on Wall Street
The credit crunch is morphing from an American-centred financial crisis into a global economic crisis,” says David Bowers of Absolute Strategy Research… ‘Borrowing our way to prosperity’By Roger Baker / The Rag Blog / August 29, 2008 Damnation! The problems … Continue reading
Posted in Rag Bloggers
Tagged Credit, Economic Collapse, Economy, Finance, Wall Street, World Economy
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A Chance to Be Heard Above the Propaganda
Federal Reserve buildingA Master-Slave Society: Democrats in Denver Should Skip One of Their Parties and Read the American Monetary ActBy Richard C. Cook / August 28, 2008 How are things going at the Democratic Party National Convention in Denver this … Continue reading
Thursday Thought: The USA Today
Thanks to Diane Stirling-Stevens | The Rag Blog | Posted August 28, 2008
Toll Roads : Soon to be Yesterday’s News?
Toll road protest in California earlier this year.‘Ordinary people will look back on this era, shake their heads in wonder and ask: how on earth did anyone ever think toll roads were sexy?’By Roger Baker / The Rag Blog / … Continue reading
Posted in Rag Bloggers
Tagged Economy, Energy, Finance, Oil Prices, Peak Oil, Public Finance, Texas, Texas Highways, Toll Roads, Transportation
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