Thorne Webb Dreyer, Editor
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Tag Archives: Economy
ECONOMY : The Cascading Effect of Peak Oil
Photo by Mannie Garcia / Bloomberg News.‘Don’t take a weatherman’: Credit Default SwapsBy Roger Baker / The Rag Blog / August 24, 2008 I’m no expert on these financial instruments, but as we used to say, it don’t take a … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economy, Federal Reserve, Finance, Peak Oil, Wall Street, World Economy
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I Hate Those Corporate Fascists and Pigs
EV BikesBy Edgar Alpo / August 21, 2008 Disclaimer: Sorry, I’m in a bad mood. They don’t allow these in New York City. Otherwise known as the fascist capital of the world. New York City hates electric bicycles. They do … Continue reading
Joe Biden : Senator MasterCard
Faux Photomontage.Biden’s bankrupt policy causing people to lose their homesBy Tom Cleaver / The Rag Blog / August 23, 2008 Has anyone else noted the irony that Joe Biden is the Senator who led the “bi-partisan” charge for “banktruptcy reform”? … Continue reading
Posted in Rag Bloggers
Tagged Bankruptcy, Corporate Power, Economy, Joe Biden, Personal Finance, Presidential Campaign
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Reducing All But A Few Fortunate Americans to Debt Slavery
The Indentured States of AmericaBy Jerome Doolittle / August 18, 2008 As we enter the perfect economic storm, it’s important (though too late) to realize that none of this is an accident. It is all the result of careful long-term … Continue reading
US Banking: The Shit Has Yet to Hit the Fan
Large U.S. Bank Collapse Seen AheadBy Jan Dahinten / August 19, 2008 SINGAPORE — The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world’s … Continue reading
ECONOMY : Trickle Down from the Bailouts
‘The federal government is drowning in a sea of red ink’By Roger Baker / The Rag Blog / August 19, 2008 Bernanke and his crew at the fed bailed out Bear Stearns at taxpayer expense because they feared not doing … Continue reading
Predicting and Preparing for Economic Collapse
Closing the ‘Collapse Gap’: the USSR was better prepared for collapse than the USby Dmitry Orlov This article was originally published December 4, 2006. Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. … Continue reading
Privatizing Iraq Doesn’t Seem to Have Worked
Workers leaving the Diyala State Company for Electrical Industries in Baquba recently. Photo Credit: Ashley Gilbertson for The New York TimesIraq Private Sector Falters; Rolls of Government SoarBy Campbell Robertson / August 10, 2008 BAGHDAD — Hampered by years of … Continue reading
The Next Bubble Is on the Way : Credit Card Debt
Why are we all complicit in our own economic servitude? by Danny Schechter / August 11, 2008 Let me try a few words out on you: “Charge It,” “Swipe It” and “Priceless.” You know exactly what I am talking about. … Continue reading
Posted in RagBlog
Tagged Campaign Finance, Credit, Debt, Economy, Federal Reserve, Personal Finance
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Corporate America Prepares for Battle Against Progressive Labor Legislation
Big business building massive war chest to stop Employee Free Choice Act and other efforts to put a check on corporate powerBy Joshua Holland There is nothing more terrifying to corporate America than the prospect of dealing with its workforce … Continue reading
Posted in RagBlog
Tagged Big Business, Congress, Corporate Power, Economy, Labor Unions, Progressive Legislation
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William Greider : Economic Free Fall
Avenging Angels. Illustration courtesy of The Nation.‘In their haste to do anything the financial guys seem to want, Congress and the lame-duck President are, I fear, sowing far more profound troubles for the country’By William Grieder This article appears in … Continue reading
Posted in RagBlog
Tagged Banking, Bush Administration, Congress, Economy, Federal Reserve, Investments, Wall Street
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Housing Crisis: "My Son Was Not So Lucky"
The Morgan-Stanley BuildingMorgan-Stanley freezing the home-equity credit lines on mortgage holdersBy Diane Stirling-Stevens / The Rag Blog / August 9, 2008 I’m certain other institutions will follow their lead; this article probably doesn’t surprise most of us. For me, I … Continue reading
