Archive for the 'Economy' Category
Poll: Four Out of Five Americans Don’t Trust Washington; One Third View Government as Major Threat
April 19th, 2010Via: AFP: Nearly one out of three Americans view the US government as a “major threat” to their freedoms, and four out of five say they don’t trust Washington to solve their problems, according to a new poll out Monday. Just 19 percent say they are “basically content” with the federal government, against 56 percent […]
Goldman Lawyers Advised Lehman
April 19th, 2010Via: Telegraph: The US law firm supporting Goldman Sachs against fraud allegations was Lehman Brothers’ legal adviser as it crashed into bankruptcy two years ago. Rodgin Cohen, the senior chairman at Sullivan & Cromwell, was the man who made the fateful call on Sunday September 14, 2008 to Dick Fuld, the boss of Lehman, to […]
100 Years of U.S. Medical Fascism
April 19th, 2010Via: Ludwig Von Mises Institute: As far as other conservative Republicans go, former Arkansas governor Mike Huckabee has repeatedly stated that he sees “some good things” in Obamacare, especially the expanded use of Medicaid. Voters naïve enough to think they will get a complete repeal from the Republican Party appear to be in for a […]
The Game That Goes On and On: a Swiss Bank, a President, and the Permanent Government
April 18th, 2010Flashback: Backbone of Complex Networks of Corporations: The Flow of Control Via: Smirking Chimp: Last August, the presidential press corps followed Barack Obama and his family to Martha’s Vineyard for their brief vacation. The coverage focused on summery fare–a visit to an ice cream parlor, the books the president had brought along. Nearly everyone mentioned […]
Venice Was a Quiet Mena
April 16th, 2010Via: Mad Cow Productions: “Venice was a kind of quiet Mena (Arkansas),” stated a former drug pilot for The Company. “Jackson Stephens built this huge headquarters next to the airport. And he was in charge. But I do remember seeing Porter Goss around the airport a lot.” The airport where three of the four terrorist […]
Goldman Sachs Charged with Fraud Related to Subprime Securities
April 16th, 2010Via: AP: The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering. The Securities and Exchange Commission said in a civil complaint Friday that Goldman failed to disclose that one of its clients helped create — […]
Legislation Seeks to Wall Off Derivative Trading from Bank Depositors’ Money
April 15th, 2010Via: Bloomberg: Goldman Sachs Group Inc., JPMorgan Chase & Co. and their biggest rivals would be forced to wall off derivatives trading operations from their commercial banks under a measure to be introduced by Senate Agriculture Committee Chairman Blanche Lincoln, a congressional aide said. Lincoln, an Arkansas Democrat, will propose a “no-bailout provision” as part […]
Jobless Claims Rise Sharply
April 15th, 2010Via: AP: The number of newly laid off people signing up for unemployment benefits rose sharply for the second straight week, suggesting that jobs are still hard to come by even as the economic recovery gains traction. The Labor Department reported Thursday that first-time requests for jobless benefits rose by 24,000 last week to a […]
Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court
April 14th, 2010Via: Bloomberg: The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said. Continued legal appeals will delay or block the first public look at details of the central bank’s $2 trillion in emergency lending […]
For Joe Average, It’s Impossible to “Get By” in the U.S.
April 13th, 2010Don’t miss this one. Via: ZeroHedge: While the market cheers on the fantastic job “growth” of March 2010, the more astute of us are concerned with a growing tide of personal bankruptcies. March 2010 saw 158,000 bankruptcy filings. David Rosenberg of Gluskin-Sheff notes that this is an astounding 6,900 filings per day. This latest filing […]
