AltWeeklies Wire
Thanks a Lot, Milton Friedmannew
The worst thing that can happen to an economist is for the politicians to come over to his side and actually implement his grand idea. This week, the men who did the task for Friedman in the United States, or at least some of them, had to sift through the rubble in a very public and self-conscious way and explain why it all turned out so badly.
Arkansas Times |
Ernest Dumas |
10-03-2008 |
Economy
Wall Street for Dummiesnew
The stock market sets the confidence level for the rest of the country. It rallies, we rally. It panics, we eat Ramen noodles. Now we discover our trusted financiers are just overly aggressive and obnoxious sales weasels.
Boston Phoenix |
Kara Baskin |
10-02-2008 |
Economy
Don't Let the Weasels in the Stock Market Doornew
I'm not really surprised when the managers of large corporations do something dishonest. But I'm surprised when they do dumb things against their own self-interest.
C-Ville Weekly |
Al Crabb |
10-01-2008 |
Economy
Workers Will be Forced to Pay for Wall Street's Failuresnew
The Masters of the Universe have been revealed as naive speculators who believed that property values could only go up. The journalists who preached the blessings of unregulated free markets have been unveiled as blind ideologues at best, and at worst paid propagandists. The response of American politicians at all levels has been pathetic.
The Georgia Straight |
Gwynne Dyer |
09-30-2008 |
Economy
How Washington Could Shape the Future Coming Out of the Meltdownnew
Let's talk about reform, and your money, and what government should do now that there is a genuine, world-class financial crisis.
Crude: How Wall Street is Screwing Americanew
While it is clear that our economy is in deep trouble, there's one part of the puzzle that still lies in a place as murky as the water surrounding the refineries in the Gulf of Mexico: the Wall Street-Oil connection.
Long Island Press |
Jed Morey |
09-25-2008 |
Economy
Dude, Where's My Bailout?new
The newspaper biz could use some government help too. An open letter to Treasury Secretary Henry Paulson.
New Haven Advocate |
Andy Bromage |
09-25-2008 |
Economy
Obama's Mortgage Plan Has Already Been Tried and Defeated in Congressnew
Obama's proposed legislation would allow judges to adjust the mortgage terms of homeowners who are in bankruptcy, so they'd have a better chance of saving their homes from foreclosure. But such legislation was considered by the Senate in April, and defeated. Both Arkansas senators voted against it. Both say there's a good chance they'd do so again, even if the bill had Obama's backing, and even though they're both Democrats and supporting Obama for president.
Arkansas Times |
Doug Smith |
09-25-2008 |
Economy
Dean Baker: No Blank Check for Wall Streetnew
Done properly, Baker says, the $700 billion "bailout" of Wall Street and the big banks shouldn’t cost the taxpayers a dime. "My view," the progressive economist told the Indy following a speech in Raleigh, "is that [the bailout] is necessary, but if it's structured right, we're not giving the banks anything. We're keeping the banks functioning, and that's in the public interest."
Facing Foreclosure? Con Man Paul Noe II Has a Deal for Younew
A few months ago, Dustanto Lopez got a phone call from someone offering him a tempting, if screwy, deal with a company called United First, Inc. that would supposedly help postpone foreclosure proceedings. What Lopez didn't know was that the president, secretary, treasurer, and director of that recently registered Nevada shell company was a con man.
What Will Lehman Brothers' Bankruptcy Mean for Two Long-Stalled Bay Area Developments?new
In the wake of the collapse of its biggest backer, the investment bank Lehman Brothers, SunCal's spotlight at the center of the current crisis has some Alameda officials worried that yet another developer might have to walk away from the massive Alameda Point project.
East Bay Express |
Rin Kelly |
09-24-2008 |
Housing & Development
Comrade Bush Nationalizes the Banksnew
The panicky flight from free-market orthodoxy in the United States is bound to fuel a revival of government intervention and welfare-state policies in the rest of the world. In the United States itself, however, they are likely to hang the wrong culprit in the end.
The Georgia Straight |
Gwynne Dyer |
09-24-2008 |
Economy
Save People, Not Bankers
Bailouts go to bankers. Why not help homeowners facing foreclosure instead?
How McCain's Economic Advisor, and Bill Clinton's, Screwed the Economynew
What we're experiencing is not just one of those occasional stock market swoons or interest-rate tangos. What's going on now is a calamity of the sort not seen since the dark days of 1929.
Will FairPoint Run Out of Money?new
The Wall Street meltdown could really burn telephone customers in northern New England -- one of their phone company's largest lenders just went belly up.
Portland Phoenix |
Jeff Inglis |
09-17-2008 |
Business & Labor
