From the blogs
Disneyland: The Happiest Place on Earth Fires 1,900
Disneyland is becoming Dismal-land.
Geithner: We Won't Hesitate to Change Management at Banks
Timothy Geithner took what appeared to be a stronger line when it came to the potential firing of bank CEOs Sunday.
Binghamton Is My Home Town: Reflections on the Shooting
Economic distress might have been the thing that flipped this guy's sanity over to the dark side. And now people are dead.
Proof that Geithner's Bank Plan Is a Massive Giveaway to the Bastards Who Started This Mess
Banks ”colluding to swap assets at inflated prices using taxpayers’ dollars.”
Ten Conservative 'Democrats' Vote for Bill That Protects the Children of Multimillionaires
This ridiculous bill passed thanks to these ten dems.
Unemployment Rises to 8.5%. . . and Then There's the Bad News
"Over the past 12 months, the number of unemployed persons has grown by about 5.3 million."
Goldman Vet Sparks Conflict on Hill
Sen. Bernie Sanders speaks out about the appointment of another Goldman Sachs alum to Obama's economic team.
GOP Messaging: Mission Fail
Republicans twisted themselves into pretzels opposing compensation limits to bank executives, despite the fact that 81% of Americans support it.
NY Times Discovers Capitalism's Crisis of Legitimacy
About time, too.
Obama's Bailout Double Standard and the Revival of Reaganism
What’s fascinating about all this is the surprising revival of tactics first pioneered under Ronald Reagan.
Axing CEOS Is Entertaining, But It Doesn't Solve Our Economic Crisis
Frank Rich, The New York Times. April 6, 2009.Obama fired GM CEO Rick Wagoner as symbolic concession to public rage. Let's see some major economic reforms.
Moyers Journal: Maddoff Was A Piker -- America's Big Banks Are a Far Larger Fraudulent Ponzi Scheme
Bill Moyers, Bill Moyers Journal. April 6, 2009.One of America's top bank fraud experts explains the financial industry's "liar's loans" and wholesale greed that got us in this mess.
Down But Not Out at $464 Million a Year
Sam Pizzigati, Too Much: A Commentary on Excess and Inequality. April 4, 2009.Hedge fund manager earnings remain, despite the global financial collapse, at absolutely stratospheric levels.
'Too Big to Fail' Is Too Big -- Period
Jim Hightower, Creators Syndicate. April 4, 2009.The "too big" claim forms the rationale for the diversion of regular people's money into rich people's pockets.
Stunning Government Billion-Dollar Giveaway to Paper Companies in the Works
Christopher Hayes, The Nation. April 4, 2009.A tax loophole could let the ten largest paper companies rake in a whopping $8 billion. Where's the outrage?
Stress Tests for Wall Street -- What About the Billions in off-the-Books Toxic Assets?
Danielle Ivory, American News Project & AlterNet. April 3, 2009.We can't let the big financial houses like Citigroup get away with keeping their liabilities off the books.
Republicans' Alternative 'Stimulus' Plan in 11 Hilarious Steps
David Michael Green, AlterNet. April 3, 2009.Deifying Ronald Reagan, practicing voodoo economics ... who says Republicans don't have a fiscal plan?
London Econ Summit: Born of Good Intentions, But Ends in Disastrous Results
John Cavanagh, Robin Broad, AlterNet. April 3, 2009.The governments of the largest economies in the world walked out of the summit with a plan that takes the global economy three big steps backwards.
China Hates Us -- How Much Longer Will They Back Our Debt-Ridden Economy?
Scott Thill, AlterNet. April 3, 2009.At worst, it could spell the end of America as a superpower and destroy the global economy as we know it.
A Crisis of Affordability: How Our Public Colleges Are Turning into Gated Communities for the Wealthy
Andy Kroll, Tomdispatch.com. April 3, 2009.Attending a four-year public college may soon be out of reach for all but the wealthiest. This is the greatest assault yet to the American dream.
Fixing Our Water Crisis Can't Be Done by the Corporations that Are Exacerbating It
Jeff Conant, AlterNet. April 2, 2009.If we learned anything from the World Water Forum it should be that the privatization model has failed and a grassroots movement is needed.
Executive Pay and the Obscene Culture of Wall Street
Sarah Anderson, Chuck Collins, AlterNet. April 2, 2009.Some expert talking points on an economy in crisis.
How a Green Economy Is an Antidote to Casino Capitalism
Robert Pollin, New Labor Forum. April 2, 2009.A green investment sector can help rid the capital development of the U.S. economy of casino logic.
Media Focus on Minor Violence; Ignore Peaceful Protests at Global Summit
Maria Margaronis, The Nation. April 1, 2009.While thousands of protesters peacefully pushed for a global economic policy, the media chose to focus on the more violent acts of dissent.
Pissed Off at the Corporate Banking Industry? Here's an Easy Way You Can Hurt Them
Stephen Pizzo, News for Real. April 1, 2009.We need to force the administration to do to these tumorlike institutions what they just did to GM. Moving our checking accounts will do the trick.
Bankruptcy Would Be Tinkering Around the Edges of Detroit's Problems
Mark Brenner, Mischa Gaus, Jane Slaughter, Labor Notes. April 1, 2009.If the car companies are too big to fail, too poorly run to put right, it’s time to take them over.
Rare Protest Footage Reveals Tibetan Defiance of Chinese Crackdowns
Lhadon Tethong, AlterNet. April 1, 2009.In spite of the troops, tanks and snipers, in spite of the beatings, arrests and disappearances -- Tibetans continue to resist.
We're Still Getting Screwed: Geithner Plan Will Make the Rich Richer!
Dean Baker, AlterNet. April 1, 2009.Some hedge and equity fund managers could make hundreds of millions or even billions off the Geithner plan.
As Obama Prepares to Take Over the Auto Industry, It's the Japanese Who Can Save U.S. Jobs
Sally Kohn, Sanford M. Jacoby, AlterNet. March 31, 2009.Unlike U.S. companies, most large Japanese corporations balance short-term opportunities with long-term needs.
Focus of Immigration Enforcement Shifting from Workers to Employers
Editorial Staff, AlterNet. March 31, 2009.The shift in emphasis will be outlined in new field guidelines issued to ICE agents as early as this week.
The G-20 Faces the Global Econopocalypse, But It's Nothing But a Big Show
Walden Bello, Foreign Policy in Focus. March 31, 2009.The show masks a deep fear among the global elite that it really doesn't know the direction in which the world economy is heading.
Free Market? How Detroit Designed Its Own Catastrophe
Michael Tomasky, Comment Is Free. March 31, 2009.Why don't automakers produce hybrid vehicles that aren't SUVs?
Walgreen Offers Free Health Care for Unemployed: Compassion or Marketing Gimmick
Editorial Staff, AlterNet. March 31, 2009.Walgreen says the program is a kind of experiment.
Nickelsville: Seattle's Homeless Name New Tent City After City's Mayor
Amy Goodman, Democracy Now!. March 31, 2009.An encampment is made up of over a hundred pink tents and is named to protest Seattle Mayor Greg Nickel's policies around the homeless.
Merrill Lynch Bonuses Were 22 Times the Size Of AIG's
Megan Slack, Huffington Post. March 31, 2009.Merrill Lynch's bonuses to execs totaled $3.6 billion, one-third of the money they received from the feds' TARP bailout.
Why Is Obama Backing Bank of America in Court?
Stephanie Mencimer, MotherJones.com. March 30, 2009.Now that the Obama administration is a shareholder, will it protect the interests of the bank or those of targeted by its predatory practices?
Foreclosure Crisis Hits Warp Speed: 6 Million Families Face Losing Their Homes in the Next Three Years
Nan Mooney, AlterNet. March 30, 2009.A second wave of very distressed families is going to be desperately in need of a social safety net that doesn't exist.
How to Pay for a Global Climate Deal
Jeremy Brecher, Tim Costello, Brendan Smith, SolveClimate. March 28, 2009.Leaders at the G-20 summit should go in a green direction to jump-start protection of the global climate.
Obama's Economic Plan: A Version of the Monopoly Game, But No One Loses
William Greider, The Nation. March 28, 2009.It's very much like the regular Monopoly game -- only better -- because this one uses real money, provided courtesy of the taxpayers.
Higher Education Gone Wrong: Universities Are Turning into Corporate Drone Factories
Chris Hedges, Truthdig. March 28, 2009.Unless we take hold of the reins we will be cursed with a more ruthless form of corporate power wielded through naked repression.
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