Stepped-up efforts by U.S., Mexico fail to stem flow of drug money south: The drug traffickers and their Colombian suppliers smuggle $20 billion to $25 billion in U.S. bank notes across the southwest border annually. Johann Hari: Violence breeds violence. The only thing drug gangs fear is legalisation: A chief of the Mafia Cruenza, one of the biggest drug gangs in the 1980s, was recorded expressing his gratitude for the war on drugs as 'good for business' Building a Nation of Know-Nothings: It’s not just that 47 percent of Republicans believe the lie that Obama is a Muslim, or that 27 percent in the party doubt that the president of the United States is a citizen. But fully half of them believe falsely that the big bailout of banks and insurance companies under TARP was enacted by Obama, and not by President Bush. USA a failed state? It may be closer than you think: There’s only one common factor in the failure of great nations: Mismanagement. The USA is heading down a well traveled road to its own Armageddon. Rome, China, Russia, the British Empire and others have all been there before S&P Says US Should Act to Protect AAA-Rating: Report: The United States government needs to take steps to preserve its top AAA-rating, a Standard & Poor's Ratings (S&P) official told Dow Jones newswire in an interview published on Thursday. Fed in Emergency Bid to Put Bailout Ruling on Hold: The Federal Reserve asked a U.S. appeals court to delay implementing a ruling that would force the central bank to disclose details of its emergency lending programs to banks during the financial crisis. For America's Middle Class, the Hits Just Keep on Coming: Americans are making due with less and don't have the money to put into stock funds, and many are taking money out of their investments to pay for basic necessities like food, clothing and shelter. 28% of Ga. mortgages underwater: 11 million, or 23 percent, of all residential properties with mortgages in the United States were in negative equity at the end of the second quarter One in 10 with a mortgage face foreclosure: One in 10 American households with a mortgage was at risk of foreclosure this summer as the government's efforts to help have had little impact stemming the housing crisis. Report: Rich no more: 700,000 wealthy people wiped out by the credit crunch: It also highlights how hard the recession has hit the value of savings and investments, which may take decades to recover their value.
Friday, 27 August 2010
By Chuck Norris
That's right. No arrest. No Miranda rights. No due process. No trial. Just a bullet. Continue
Program for Struggling Homeowners Just a Ploy to Enrich Big Banks
By Zach Carter
The Treasury Dept.'s mortgage relief program isn't just failing, it's actively funneling money from homeowners to bankers, and Treasury likes it that way. Continue
By Michael Hiltzik
Businesses are sitting on a record hoard of cash, but they're not using it to hire workers or pay existing ones better wages. Broadly distributing the fruits of economic growth is the only way to sustain that growth.Continue
By Robert Reich
Republicans are calling the Democrat’s proposal to end the Bush tax cuts on the richest 3 percent a “tax increase,” and demagoging that it will hurt the economy and small business. This is baloney, to put it politely. Let me count the ways: Continue
'Fast-Tracking to Anarchy'
By Janet Tavakoli
Much of poor America, especially in our major cities, has been Third World America for decades. Soon the urban middle classes and even upper classes will become better acquainted with that world. Continue
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