Tag: Economy

Obama fiddles while Washington DC burns

“In any economy DEBT is poison. This is not opinion, this is fact, “past and present so-called "economists" and their moronic word-weaving notwithstanding. It is poison Period.

Why do the working class people of world need to pay the scam-created money of banksters? Because their governments are too corrupt to say no.

The American Dream and Great American Economy were both built on one gigantic and unstable fault line. And the core is trembling!

On May 31, the Joint Interoperability Test Command (JITC) multiple-award Omnibus contracts were extended as a modification to each of the three existing contracts: TASC-M, Andover, Mass

With lots of Iraq and Afghanistan veterans coming home and making the decision to get out of the military, the job market is now getting a lot of diversity of skills and experience in it.

The unprecedented recorded no news bad news cycle since c.1945 includes the “ironclad” six decades of commitment to Israeli self-anointed choseness and supremacist superiority complexes. By rigging six decades transferring $billions to a racist entity.

As we celebrate Memorial Day, we are reminded of the many Veterans who have fought for our country. A recent report was posted by The U.S. Congress Joint Economic Committee explaining the issues of unemployment amongst Veterans.

What's called “recession” in White America is called “depression” in Black America. During much of last year white unemployment held steady at around 8.8 percent. Down the block, though, it was about 12 per cent for Latinos and in Afro neighborhoods across town it averaged 16 per cent.

Humans may believe we live in enlightened times but future historians, (if there are any) will look back at our era as “dirty, crowded, superstitious, dangerous, and primitive” as the Dark Ages, ecologist Carl Safina, president of Blue Ocean Institute, says.

Not Just for Nobel Prize Winners.. By Gilad Atzmon STAFF WRITER We learn from the press and political analysts that, against all odds and in spite...

Deflation, Inflation – Take Your Pick By Jeff Gates U.S. stock markets rallied to recent highs on news that the U.S. Federal Reserve planned to pump...

WALL STREET TURNS AGAINST THE PRESIDENT By John Humins for VT Former Wall Street supporters of Barack Obama have publicly voiced their alienation with President Obama’s...

By Mary Bottari in the Center for Media and Democracy Some will rob you with a six gun and some with a fountain pen –...

It's apparent to all but the most blind policymakers that something is scary about this recession/recovery/recession [40 percent chance of a double-dip, says Roubini].

Mr. Geithner's rhetorical deceptions mask the ineffectiveness of the only two potentially meaningful job-creation initiatives -- aid to the states and the bailout of Detroit -- that he and Summers largely put together, while letting him ignore the several initiatives, including trade reform, which could actually create, relatively quickly, millions of jobs.

IT MAY BE THE LAND OF THE "24 HOUR WALMART" BUT IS IT STILL AMERICA? By Gordon Duff STAFF WRITER/Senior Editor Americans are terrible at languages. ...

Stupid it is Greed  By Tarik Jan for VT   Imperialism, as British economist John Atkinson Hobson wrote in 1902, “is the endeavour of the great controller...

By Henry Blodget in the BusinessInsider In case you missed the Fed minutes yesterday, the Fed is now pulling a Wall Street: Cutting its estimates after...

NEW YORK (The Borowitz Report) - In a settlement of the government's securities fraud case against Goldman Sachs, the bank's CEO, Lloyd Blankfein, has agreed to perform two years of community service as Treasury Secretary of the United States.

It's never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The U.S. has been through a historic financial crisis followed by a historic election and a series of historic federal gambles — from bailing out AIG and GM to passing a $787 billion stimulus and a $940 billion health-care reform bill. All that risk has made policy more complicated and politics more fraught ("You lie," "Baby killer").

An unprecedented Israeli campaign to silence dissidents, intellectuals and human rights organizations is gaining momentum in the wake of Israel's December 2008 assault against Gaza that caused intense international outrage...

* By Mickey Z. Planet Green * When you live in a corporate-dominated culture, everything is potentially a "commodity." We "spend" time, we "invest" in...

Now it's 10 months later and 2,500 soldiers are about to come home. At least 800 of them, likely more, don't have jobs. Many will face the grim necessity of losing their federal pay and needing to find work at a time when Oregon is afflicted with double-digit unemployment. Their incomes will fall off a cliff when they leave the federal pay system this spring.

The economic pain our country is experiencing did not begin when the financial sector nearly collapsed over a year ago as a result of the greed and recklessness of Wall Street. The decline of the middle class has been going on for many years. Describing "a lost decade for American workers," The Washington Post said the past 10 years were the worst for the U.S. economy in modern times. USA Today said incomes of the young and middle-aged "have fallen off a cliff since 2000, leaving many age groups poorer than they were even in the 1970s."

"Honor" killings are often explained as suicides.

Here's some cheerful reading from Peter Boone, Simon Johnson, Martin Wolf and Paul Krugman. I'll break it down for you: Absent radical change in fiscal...

It’s not only employees who suffer when they get laid off but the firms responsible for handing them the pink slips can take a beating, too. As millions of Americans have been fired by employers struggling to remain profitable, we have all borne witness to Corporate America's calloused disregard of its workers. Now, canny business economists claim the layoffs have hurt employers, too.

This op-ed was also sent to VT from Veterans for Common Sense (VCS) noting that in a clear and present internal danger to our...

This is a follow-up of an earlier report posted on VT in Army Jails Soldier for Singing Against Stop-Loss Policy. Iraq Veterans Against the...

More than five out of six Americans are opposed to cutting 98% of the federal budget. Most don't want to cut the remaining 2%, either. Keep that in mind whenever you hear politicians calling for spending cuts, and polls claiming that voters want spending cuts.

Robert Scheer writes that if Glass Steagal worked for 60 years, it probably ain't broken. A book on evolution to help kids get through the confusion caused by the flat Earthers. Where's all that damn oil? is the quetion at Tomgram. Vets urge close of Gitmo at Huff Post, Objectivity is not the Holy Grail at Truthdig and the sad news of our losses in Pakistan in today's picks.

Among today's picks, Reining in the Gods of the Fed, Did Obama Win the Iraq War?, Taxing Wall Street Down to Size, The crime of not "Looking Backward," Tomgram: William Astore, Going Rogue in Combat Boots, Alaska Sen. Murkowski's attempt to curb EPA draws criticism, George Will Displays Core GOP Value: Cheap, Disposable Labor # In eastern Afghan province, preview of upcoming surge strategy

THERE IS ONLY ONE DEFINITION OF "BELIEF" A BELIEF IS A LIE By Gordon Duff STAFF WRITER/Senior Editor When a suicide bomber kills himself and others, generally...