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Category Archives: Business / Economics
Finally … an iPhone App That Will Read My Emails Out Loud!
Listen and Talk to Your Emails As an iPhone power user, I’ve been frustrated for years by the inability to have my emails spoken out loud … in the same way that Siri can read text messages out loud. A … Continue reading
Why Is the Fed Bailing Out the World … On Our Dime?
Fed Pours Huge Sums Into Foreign Bank Coffers We noted even before the TARP bailout law was signed into law that bailout moneys could flow to foreign banks. We were right. A large percentage of the bailouts went to foreign … Continue reading
Is EVERY Market Rigged?
European Union Launches Investigation Into Manipulation of Oil Prices Since 2002 CNN reports: The European Commission raided the offices of Shell, BP and Norway’s Statoil this week as part of an investigation into suspected attempts to manipulate global oil prices … Continue reading
More Americans Committing Suicide than During the Great Depression
Higher Numbers of Americans Take Their Lives than During the Depths of the Great Depression Suicide rates are tied to the economy. The Boston Globe reported in 2011: A new report issued today by the Centers for Disease Control and … Continue reading
Home Foreclosure Rates are Comparable to the Great Depression
Have As Many People Lost their Homes as During the Great Depression? The San Francisco Chronicle notes that it is difficult to keep track of foreclosure rates now … let alone during the Great Depression: Foreclosure rates of the late … Continue reading
The American “Nuclear Renaissance” Is Over: “The Change in Nuclear’s Fortunes is Staggering” … a Horrible “Cauldron of Events” Has [Brought] the Nuclear Push to a Standstill”
American Nuclear Power Suffers Series of Setbacks CNBC reports: Once touted as a successor, or at least a competitor, to carbon-based power, the nuclear sector has taken a beating as the momentum behind new projects stalls and enthusiasm for domestic … Continue reading
Debt Sold by Bank Of America and Citigroup Would Be JUNK Without Government Guarantees
Government Chooses Big Banks Over the Little Guy … Year After Year Bloomberg reports: *** In a March 27 report, Moody’s displays a bar chart of its credit ratings for the banks in blue. In green bars, it shows Goldman … Continue reading
Why America Fell So Far … So Fast
All Empires Crash Soon After They Reach Their Peak Thomas Jefferson said, “Dissent is the highest form of patriotism.” And because I love my country, I frequently criticize America’s shortcomings in the hopes of making her better. But the truth … Continue reading
The Fed Engaging In Quantitative Easing Until Unemployment Falls Is Like a Medieval Doctor Bleeding a Patient with Leeches Until His Iron Deficiency Goes Away
Fed Policy Raising – Rather than Reducing – Unemployment The Federal Reserve announced that it will keep on engaging in quantitative easing in the amount of $85 billion dollars per month (or more) until unemployment improves. That is like a … Continue reading
Bail-out Is Out, Bail-in Is In: Another Argument for Publicly-Owned Banks
Guest post by Ellen Brown. Brown is an attorney, chairman of the Public Banking Institute, and the author of eleven books, including Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. Her websites … Continue reading