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Tag Archives: recession
Can You Balance California’s Budget? Here’s a Link to a Calculator Where You Can Try.
Here’s a link to the Los Angeles Times’ balanced budget calculator. It’s there that you can imagine yourself wielding the budget ax, raising taxes, or doing some combination of the two to bring California’s $28 billion deficit over the next 18 months … Continue reading
Posted in Uncategorized
Tagged budget cutting, California, debt, economics, friedman, jobs, keynes, recession
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While you were sleeping, Europe’s Greece crisis was deepening
This at the UK’s Guardian: “The crisis in Greece could pose as big a risk to the global economy and financial markets as the collapse of Lehman Brothers did in September 2008”, said Julian Jessop, of Capital Economics. He added: … Continue reading
Posted in Uncategorized
Tagged debt, economics, global economy, gold, Great Depression 2.0, niall ferguson, panic, recession, silver
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Angry at his bank and the IRS, Terry Hoskins smashes a bulldozer into his own $350,000 home!
Talk about an ironic reversal on the Publisher’s Clearing House Sweepstakes: you don’t win a big home, you bulldoze it! Terry Hoskins says he’d had enough. This today at AP: Terry Hoskins says he has struggled with the RiverHills Bank over … Continue reading
Posted in Uncategorized
Tagged 21st century, banks, humanity, IRS, labor, metropolis, moloch, recession, terry hoskins, weimar germany
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Peak Oil?
The Guardian today appears to have a big news scoop: The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a … Continue reading
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Tagged banking, cars, ecology, economy, energy, environment, gas prices, inflation, oil, Peak Oil, recession, wall street
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The Economy: Happy Days are Here Again?
The New York Times today says the recession may be over: The index of leading indicators, which signals turning points in the economy, is rising at a rate that has accurately indicated the end of every recession since the index began … Continue reading
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Tagged business, depression 2.0, economics, economy, life, money, recession
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Bad News for Democrats
When the midterm elections hit in the Fall of 2010, it’s probably not likely that the unemployment picture will look all that much better than it does today (at least if a Wall Street Journal panel of economists’ forecasting is in … Continue reading
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Tagged Democrats, depression 2.0, economics, economy, Politics, recession, Republicans, rush limbaugh, UCLA, unemployment
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From Liberty Bonds to Bailout Bonds?
The NY Times says that Barack Obama is contemplating letting small individual investors in on the bank bailout—wedding Main Street to Wall Street. Like a mutual or bond fund, you would buy shares, perhaps for as little as a few … Continue reading
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Tagged bailout, economy, Great Depression, Great Depression 2.0, main street, recession, Russia, The Great Gatsby, wall street
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Don’t Question or Mock Authority? Jeff Zucker Responds to Jon Stewart by Sounding Like the Pope
Speak truth to power. NBC’s Chief Executive, Jeff Zucker, is pissed at Jon Stewart for mocking CNBC “authority” on matters of business. So reports Reuters: “Just because someone who mocks authority says something doesn’t make it so,” Zucker said, describing the … Continue reading
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Tagged America, business, economics, economy, Great Depression 2.0, jim cramer, Jon Stewart, recession, rich, wall street
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Prometheus Unbound 