Director | February 5, 2009
How are people responding to the global economic crash? Tom Engelhardt gathers local news reports on murders, suicides, and other extreme personal responses to financial reversal. Reuters reports on food scavengers in France. Bloomberg reports that the two global banks, JP Morgan and Goldman Sachs, will not be subject to salary and bonus regulations as […]
Director | January 28, 2009
If you are able to get past the distractions–partisan politics, the current economic stimulus plan, whatever is being said on TV–then you can prepare yourself to go inside the government/military/financial complex to understand how everyone is being swindled. There is a cooperative framework of government agencies and private corporations that transfers money out of the […]
Director | January 27, 2009
Timothy Geithner was confirmed as U.S. Treasury Secretary yesterday. The vote was 60-34 in the Senate. Some Senators expressed disapproval that Geithner failed to pay self-employment taxes for two years while working at the International Monetary Fund. See the story at boston.com, and read a few of the comments below the story. This is what […]
Director | January 24, 2009
John Kemp at the Guardian asks whether the U.S. and UK can recover from increasing debt levels. Mish offers commentary on Kemp’s analysis. Despite the rhetoric you hear from politicians and pundits, the Fed policies and Treasury initiatives are not sufficient to cope with the massive debt load. For one thing, the debt is in […]
Director | January 23, 2009
Let’s begin our tour with a nice, long statistical analysis of recent economic indicators by David Chapman at SafeHaven. Chapman notes the frequent occurrence of the word “Depression” in recent writing about the global economy. Chapman believes it is not a Global Depression but might become one. At the moment, whether the world enters a […]
Director | January 23, 2009
Another reason to boycott large multinational corporations: the vast majority of them set up tax havens in foreign countries to avoid paying U.S. taxes. Carol Leonnig has the story at the Washington Post. Several of these firms have received TARP bailout funds. We are not going to get an honest functioning economy until we break […]
Director | January 22, 2009
Marygwen Dungan is on to Robert Rubin and summarizes the last month’s developments at SafeHaven. If Rubin’s story ever comes out, it will blow the whole lid off the criminal enterprise known as Wall Street and the government insiders who profited from Rubin’s schemes.
