Category: US economy

economics Politics US economy
November 26, 2008

Buy Nothing Day – November 28 – Take Action

I’ve always had difficulty buying in to buy nothing day.  There.  It’s out there.  For 17 years, I’ve enjoyed the concept from the sidelines. But it’s not for ethical or moral reasons.  It was considerably more of a functional issue.  For example, if I drove my car to visit a friend’s house to eat home-made soup, would the gas consumption be considered ‘consumption’?  I suppose […]

corruption disaster capitalism economics financial crisis The Corporation US economy
November 14, 2008

Fed Refuses to Identify Recipients of $2 Trillion in Bailout Money

Like vapour, this cash is being printed (well, not really) and it’s disappearing faster than anyone thought we could collectively imagine. Huffington Post story here . The level of corruption has become absolute and there’s no reason – NONE – to believe that the leaders of the US, the leaders of various financial organizations or other neo-con institutions are ethically capable of doing the right […]

corruption disaster capitalism economics excited delirium financial crisis The Corporation US economy
November 14, 2008

Sinking Bear Stearns: An Exercise in Manipulation

For those interested in the history and roots of today’s financial crisis, this article offers some insights you may appreciate. I found the conclusion, following some discussion of the real reason why Eliot Spitzer was hung out to dry, particularly important: Like the Panic of 1907 that justified a “bankers’ bank” to prevent future runs, the collapse of Bear Stearns has been used to justify […]

economics tax issues US economy
November 14, 2008

Signs of What’s to Come?

This story was a little chilly in that it offered a glimpse of what may come in the US and possibly Canada as well. Now, the reality is that during the 30s and 40s, very few people were paying the top tax rate, but if it’s happened before, can the basics happen again? You tell me …