London Banker: "The market has failed, and officialdom is perpetuating that failure." The Best and the Brightest Led America Off a Cliff At Last, A Date Time To Wake Up And Smell the Economy Stand Up Against Bush's Giveaway of America's Redrock Wilderness Dollar No Longer Haven After Fed Moves Rate Near Zero: The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated. Chrysler Shuts For A Month and Chevy Volt Delayed: Chrysler LLC said Wednesday that it will shut down all its North American production for at least one month starting December 19. '75% in US bear the brunt of recession': n almost one home in five (18 percent) someone has lost a job in recent months, and in more than a quarter (27 percent) a worker has had his or her pay cut or working hours reduced, the poll found.
By Mike Whitney
It is now clear to me that policy makers in the West are determined to apply every available resource to underpinning failure, misallocation and executive excess. As this discourages the honest saver from parting with cash, policy makers are ensuring that deflation will wreak its havoc on the financial and real economies of the world. Continued
By Chris Hedges
The multiple failures that beset the country, from our mismanaged economy to our shredded constitutional rights to our lack of universal health care to our imperial debacles in the Middle East, can be laid at the feet of our elite universities. Harvard, Yale, Princeton and Stanford, along with most other elite schools, do a poor job educating students to think. Continue
By George Monbiot
For the first time, the International Energy Agency has produced a date for peak oil. And it’s not reassuring. Continue
By Jon Ronnquist
For a time we were all kings, walking tall beneath the banner of imagined destiny. In the east the grateful poor toiled at our behest and sang songs of praise to their generous masters beyond the sea. Continue
By Robert Redford
In three days, this Friday, 110,000 acres of majestic Utah wild lands go on the auction block, to be sold to the highest bidders in the oil and gas industry. It's a last-ditch effort by a corrupt administration to further enrich its friends in the dirty fuels business. If they succeed, they'll leave a wasteland behind them. Continue
Thursday, 18 December 2008
Posts
