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Category Archives: Business / Economics
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
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
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
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
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
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
The “Excel Spreadsheet Error” In Context You’ve heard that an incredibly influential economic paper by Reinhart and Rogoff (RR) – widely used to justify austerity – has been “busted” for “excel spreadsheet errors” and other flaws. As Google Trends shows, … Continue reading