Economy
February 15th, 2010
(MoneyNMarkets) – RED ALERT: Next debt crisis near!
One year and five months ago — armed with a 92-page white paper and 59,000 petitions — we warned Congress about the grave danger of government bailouts Read More Here
(GlobalResearch) – White House Projects Long-Term Mass Unemployment
The White House Council of Economic Advisers released its Economic Report to the President on Thursday, outlining the administration’s economic projections and policies. The report shows that the White House is expecting mass unemployment to continue for years, with only minor decreases from the current rate of nearly 10 percent through 2012. Read More Here
Exclusive: Sweetheart Mortgage Deals for Billionaires that will Make Your Blood Boil
It all started with a phone call I received in early May/2009. The caller sounded troubled, as so many are these days. He told me he had spent several days researching his options. Read More Here
(KoreaTimes) – Fed Plans to Wind Down $2.2 Tril. Stake
The Federal Reserve Board faces a delicate task. Having pumped $2.2 trillion into the economy to fight the recession, it must start pulling that money back. It would have to sop up over half of that liquidity to get back to pre-recession levels. Read More Here
(NYTimes) – The Making of a Euromess
Lately, financial news has been dominated by reports from Greece and other nations on the European periphery. And rightly so. Read More Here
Five Million Workers to Exhaust Unemployment Benefits by June
Back in December, the qualification dates for existing tiers of unemployment benefits were extended for an additional two months. Time is up at the end of February. Read More Here
Video: (Frontline) – Tax me if you can – The Great American Tax Dodge – View Video Here
(TheAtlantic) – Unemployed? Your Banking May Have Just Become More Expensive
When you lose your job, the last thing you need is for your expenses to increase. Yet, at some banks, that’s exactly what can happen with your checking account. A friend of mine recently learned this lesson the hard way with Bank of America. I thought her experience might be worth sharing. Read More Here
Euroland, the Horror Movie
An Olympian game of musical chairs in global finance heads for a climax in the days ahead as so many eyes are diverted to alternate festivities in British Columbia, where grown men compete for gold by riding things that look like cafeteria trays down icy mountainsides — is this the moment that comes every four years when you wonder why you didn’t get your kid a luge for Christmas? Read More Here
(BBC) – Cut working week to 21 hours, urges think tank
The working week should be cut to 21 hours to help boost the economy and improve quality of life, a left-wing think tank has said. Read More Here
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