Thorne Webb Dreyer, Editor
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Tag Archives: Economy
US "Superpower": Not Without Foreign Money
War Abroad and Poverty at HomeBy Paul Craig Roberts / May 23, 2008 The US Senate has voted $165 billion to fund Bush’s wars of aggression against Afghanistan and Iraq through next spring. As the US is broke and deep … Continue reading
U.S. Economy On Very Shaky Ground
Tim Backshall, chief credit derivatives strategist at Credit Derivatives Research LLC, sits for a photo in his office in Walnut Creek, California, on May 6, 2008. Photo by Andy Freeberg/Bloomberg Markets via Bloomberg News. A long but very good analysis … Continue reading
The Financial Three-Card Monte Falls Down
“Far From Normal”By Jim Kunstler Those were the words that Fed chairman Ben Bernanke used to describe the financial markets (and by extension the economy) these heady spring days when everybody else with a rostrum, it seems, has pronounced the … Continue reading
Adapting to Peak Oil the Hard Way
Have We Really Hit Peak Oil?And if we have, we had better prepare to change the way we live.By Richard Heinberg / May 20, 2008 Last week, Senate Democrats introduced legislation that would halt a U.S. arms sale to Saudi … Continue reading
The Housing Bubble: Eventually Reality Intrudes
Can’t wait to see ALL of Chillhowee Mountain covered with Commercial Development. It’s already a buyer’s market in some places…. BIG TIME! Almost makes one wanna’ be a land baron. Almost. But then, land barons of the slum-lord variety are … Continue reading
Peak Oil to Food to Steel : The Domino Effect
First of all, we likely have already peaked last year, or are now peaking in world oil production, as currently soaring oil prices should indicate. But see also the following link: Revision of Depletion Model. This being the case, it … Continue reading
Dying Over the American Housing Crisis
Let’s be clear about the facts here: it’s okay to bail out the lenders who are in trouble, but we will ignore the home-buyers who cannot meet their mortgage payments. Just another example of BushCo’s “we-don’t-give-a-flying-fuck” approach to America. “If … Continue reading
Sign of the Times!
Thanks to Deborah Osborne / The Rag Blog
R. Baker : Liu and the Liquidity Crisis
Recession and the Liquidity TrapBy Roger Baker / May 11, 2008 / The Rag Blog A year ago, on May 9, 2007, Henry C. K. Liu wrote an article for the Asia Times titled “Liquidity boom and looming crisis.” So … Continue reading
Wall Street Always Rides a Wave Until It Crashes
Characterizing the Subprime Mortgage CrisisWill the Mortgage Industry Pay for Its Crimes?By Danny Schechter / May 10, 2008 There is a time in the life of every writer when you find yourself fearing that you have become a robo call … Continue reading
More Lies May Still Take Us to War with Iran
Democrats Okay Funds for Covert Ops: Secret Bush “Finding” Widens War on IranBy Andrew Cockburn / May 2, 2008 Six weeks ago President Bush signed a secret finding authorizing a covert offensive against the Iranian regime that, according to those … Continue reading
McCain’s Health Care Balancing Act
Wealth Transfer From Voters to CorporationsBy R.J. Eskow / May 1, 2008 Health policy proposals can reflect many different ideologies or political philosophies, but John McCain’s plan isn’t so much ideological as utilitarian. There has been a lot of excellent … Continue reading
Posted in RagBlog
Tagged Economy, Health Care, McCain, Presidential Campaign, Republican Party
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