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"Former U.S. employers, who effectively have downsized and off-shored their way to record profits, will find they have destroyed their own customer base." this post is a very worthy read!
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The financial reform is a small step…. even after the biggest recession since the great depression it might take more suffering to get actual structural change to the banking / financial system.
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A good post by Simon Johnson on the political influence Wall Street has & some basic solutions to these problems.
Monthly Archives: May 2010
links for 2010-05-28
Filed under Uncategorized
links for 2010-05-23
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Many along with myself have been saying that proposed Cap & Trade doesn't actually reduce carbon emissions & does little to advance any transition to a self-sufficient energy system. Cantwell-Collins seems to be the best bill looming around congress right now. Please take a look at it.
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Interesting story. The collusion between government and big business comes more evident everyday.
Filed under Uncategorized
links for 2010-05-18
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The democratic process gets included into cuty budgeting plans. A great idea that reflects community prerogatives & needs that aren't necessarily met by city mayors.
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links for 2010-05-17
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Even the optimistic forecasts by the CBO are grim. Though I believe they are not realistic.
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links for 2010-05-12
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Wake up, drop your denial, get active, demand guys like Uncle Warren, his fat-cat buddies and Obama's team snap out of their denial, fight a return to the old greedy, toxic, destructive culture … demand that your elected reps in Washington pass 1930's-style financial reforms … or America will soon trigger a bigger meltdown, a new Great Depression II and no longer be the world's leading superpower.
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links for 2010-05-11
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The White House Should Stop Pandering to the Street and Support Three Critical Banking Reforms
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"the Fed is picking winners and losers. Why Goldman but not Lehman? Why guarantee the debt of some companies but not others?"
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links for 2010-05-10
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How the government has been tweeking & changing the economic indicators to give a rosy picture about our economic future. John Williams with Shadow Statistics goes a great job of uncovering the real numbers.
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links for 2010-05-07
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Federal Reserve explainging (crying) why they shouldnt be audited. James Kwak proves otherwise.
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The economics of Wind generated power & gas fueled.
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links for 2010-05-07
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Federal Reserve explainging (crying) why they shouldnt be audited. James Kwak proves otherwise.
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The economics of Wind generated power & gas fueled.
Filed under Uncategorized
links for 2010-05-05
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For-profit schools are tapping shelters and halfway houses for new students, loading them with debt and leaving taxpayers on the hook
Filed under Uncategorized