this is critical to a fuller understanding of just exactly what the hell is going on with these so-called "bailouts"... courtesy of information clearing house... High Noon: Geithner v. The American Oligarchs Bill Moyers interviews former chief economist of the International Monetary Fund (IMF), MIT ...

“The delusion of power also appears to provide an escape for middle-class Negroes from the world of reality which pierces through the world of make-believe of the black bourgeoisie. The positions of power which they occupy in the Negro world often enable them to act autocratically towards other Ne...

Words from the (investment) wise for the week that was (Jan 26 – Feb 1, 2009) “Words from the Wise” this week comes to you in a shortened format as pressure from my “day job” precludes me from doing my customary commentary. However, a full dose of excerpts from interesting ...

The world economy this year is likely to grow at a rate of only 0.5 percent, according to the International Monetary Fund, which re-evaluated its figures after the U.K. officially entered into recession last week. The growth rate, as projected, is the lowest in more than 60 years. The BBC: World eco...

Timothy Geithner may be our new Treasury Secretary but that doesn’t mean bloggers can’t still make fun of him. Pejman Yousefzadeh, writing at something called The New Ledger, toasts “The Indispensable Mr. Geithner.” In urging Geithner’s confirmation, Senate Majority Leader ...

We have a Secretary of the Treasury! The Senate voted in Tim Geithner, despite the New York Fed chief's failure to pay $34,000 in taxes. "An honest mistake," says the White House's top flack. Oh? Yes, taxes are a pain and everyone hates the paperwork. And paying taxes is absurdly complicated for emp...

Accelerating into disaster – when banks manage the food crisis Civil society declaration to the High Level Meeting on Food Security (Madrid, 26-27 January 2009) Against the dramatic background of a profound global food and general economic crisis the Spanish government organizes the “ High Level...

At the pit of the Great Depression in 1930, an American country music group named the Carter Family recorded a song called The Worried Man Blues. It began: “I went down to the river and I lay down to sleepWhen I woke up there were shackles on my feet.� Though many subsequent verses describe the ...

For nearly 15 years, the world watched with a mixture of fascination and awe as Ireland transformed itself from one of Europe's poorest countries into one of its wealthiest, earning itself the nickname the Celtic Tiger. But the roar of yesteryear has turned to a whimper as the economy has been polea...

Redstate Alert 1. The Obama Tax Cuts Are Just Bait for the GOP Obama's whole model is to lead by being unthreatening. He'd rather have someone else make the tough decisions. He figures that tax-cut proposals will work like catnip on Republicans in Congress. Then they'll have the big fights with the ...