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Obama challenging banks to increase lending
In an hour long meeting with banking executives, President Obama reminded them that the banking crisis has been "of their own making" and issued a challenge for them to increase lending. In the past... During recession, federal employees making 6 figures soar
USA Today in its analysis of federal salary data reports that the number of federal workers earning six-figure salaries has exploded during the recession. This is not likely to sit well... What will Obama Jobs Summit amount to?
In Washington, Obama et al have been under increasing pressure, both from a restless and fearful public, and from Republicans, to take some decisive and definite... Greece set to relive violence of December 2008
Almost one year ago 15 year old high school student Alexandros Grigoropoulos was shot in cold blood by a police officer in the Exarchia district of central Athens. The authorities originally claimed that Grigoropoulos had been part of a gang that had attacked a passing patrol... Restore Money Creation to the People- The Power Belongs to Us
George Washington discusses the need for a new model for our monetary system and looks at some alternatives. One noteworthy model that has already proven successful: the State of North Dakota is the only one in the... U.S. Society Headed for Major Crisis
A five-part report by David DeGraw on the economic meltdown fallout and the factors that contributed to it. Essentially, the people of the U.S. and the world are suffering now and facing worse times due to the... So far, US malls have aura of economic anxiety
Not much confidence, much anxiety, in America's malls at start of holiday seasonAs the Holiday shopping season begins, US Malls are not empty, but retailers are not confident, and clerks are... Human beings as transactions, and the ensuing violent rage
"The economic crisis revealed late-capitalism's central offense: Human beings are being transparently treated if they were mere transactions. And they're going postal over it." Scott Thill, journalist, Alternet If there is anything which is a philosophical... Now CIT Group goes belly up!
As the economists battle with numbers, charts and calculations trying to figure if recovery is here or not, one more financial giant went down fighting. The latest casualty is the CIT Group. CIT Group is among the... Cleaning up the mess of Wall Street
Dan Collins of Huffington Post talks about federal Judge Jed Rakoff, and how he is taking Wall Street by storm, insisting on accountability, and prepared to tackle cleaning up the mess: After... "The House is on Fire" says Nation blog
From the liberal perspective of Nation blogger Katrina Vanden Heuvel - a well respected journalist and author, by the way - the crisis of our Nation is nothing less than a dire... Chaos erupts at Detroit federal aid center
Detroit -- The Cobo Center erupted into a hectic scene of chaos today as thousands of Detroit citizens thronged in. They were coming to apply for federal aid for rent and utility bills. Some...
created by smkovalinsky | 13 wks ago | updated 13 wks ago
233 views | 24 recommendations | 3 comments
233 views | 24 recommendations | 3 comments
China's Role in The Economic Crisis.
By: Rev. Jermano
China helped cause The Economic Crisis, and their dishonesty in not being truthful about it, is a pity. America has been pinned to the mat by China News and Commentary for being the... Pope Blames Greed for Economic Crisis
The pope has singled out greed and selfishness and the two main causes for the world economic crisis, according to the BBC. Speaking to a group of priests earlier this year he said he didnt want to give...
created by jamesconnolly529 | 26 wks ago | updated 26 wks ago
132 views | 14 recommendations | 8 comments
132 views | 14 recommendations | 8 comments
US Unemployment Rate Increases to 9.5%, a 26-year high
The US unemployment rate, which increased to 9.5%, has hit a 26-year high, according to a report released today by the US Department of Labor. This increase in unemployment occurred because US businesses laid off...
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