Shocking Corruption at the Washington Post
By Bill Moyers and Michael Winship
If you want to know what really matters in Washington, don't go to Capitol Hill for one of those hearings, or pay attention to those staged White House "town meetings." They're just for show. What really happens -- the serious business of Washington -- happens in the shadows, out of sight, off the record. Only occasionally -- and usually only because someone high up stumbles -- do we get a glimpse of just how pervasive the corruption has become. continue
Goldman Sachs bank profits soar: The bumper profits at Goldman Sachs come just nine months after $125bn was given to US banks
Goldman Sachs execs sold $700m of stock: report: Most of the sales, worth 431 million pounds or 500 million euros, occurred when the firm enjoyed the support of 10 billion dollars in US government capital injections, the London-based newspaper said.
Uncle Sam is $1 trillion in the hole: Federal budget deficit rises by $94.3 billion in June, pushing the total shortfall for the current fiscal year to $1.09 trillion.
US invites Gulf Arab investment: Speaking in the Saudi port city of Jeddah on Tuesday, Timothy Geithner invited greater Arab investment in the US economy, saying that previous blocks to such investment were now no longer an issue.
Obama's Stimulus Plan: Failing by Its Own Measure: When Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.
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