How the Fed controls economists

| September 22, 2009

From The Huffington Post, a nice long investigative piece on how the Federal Reserve controls the opinions of economists. The banking cartel funds academic research in economics and selects its chosen disciples to join its elite club. Dissenting voices are frozen out of academic tenure and research grants. No one would dare write anything criticizing […]

The cap and trade takeover

| September 20, 2009

As you know by now, global average temperatures are cooling, not warming. The warmists have changed their language, abandoning global warming and adopting climate change as justification for their schemes. Newsbusters reports on the cooling trend and the plan to sue Al Gore and other alarmists.

The Rhode Island meets reality model

| September 15, 2009

If you are interested in recent economic stories and statistics, Doug Noland has a long blog on recent economic news at PrudentBear. There are signs of recovery as well as worsening. Noland’s important point is that the Fed cannot withdraw from support for mortgage loans without endangering the mortgage market and any recovery in housing […]

Overpaid bureaucrats

| September 11, 2009

Chris Edwards reports from the Cato Institute that government workers are overpaid by nearly 100 percent. Edwards proposes a federal wage freeze. A great idea, but why stop there? How about a 50 percent pay cut, across the board, to bring government salaries in line with the private sector? We wonder why the Democrats haven’t […]

The formerly rich succumb to socialism

| August 26, 2009

In our previous posts on the California budget crisis, we pointed out that the Democratic model of spending cannot be sustained in California. Democratic governance is a failed model, and the only reason Obama can follow the same policies for the nation is because the Federal Reserve Bank finances the increasing deficits. The Fed keeps […]

Unemployment, hunger, survival

| August 14, 2009

NWOU has been trying to put a human face, not a statistical face, on the global economic crash, but without much success. Recently we’ve come across more stories about hunger. This is part of the higher unemployment rates we’ve been experiencing in the past months.

Detroit schools face bankruptcy

| July 30, 2009

The Wall Street Journal reports that Detroit’s school system may file for bankruptcy in the coming weeks. Of course, by any measure of good education, the public school system has been “bankrupt” for decades now. Putting liberals in charge of anything is a huge mistake because they are so corrupt. The Democratic Party is simply […]