Finance
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Bernanke Ponders The 'Nuclear Option' (Mike Whitney)
Oct. 15, 2010 (Information Clearing House) -- Ben Bernanke's speech on Friday in Boston could turn out to be a real barnburner. In fact, there's a good chance the Fed chairman will announce changes ...
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Why the U.S. has Launched a New Financial World War, And How the the Rest of the World Will Fight Back (Michael Hudson)
“Coming events cast their shadows forward.” – Goethe Oct. 12, 2010 (Counterpunch) -- What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on ...
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Slashing the Dollar - The Future is Ugly (Mike Whitney)
Oct. 13, 2010 (Information Clearing House) -- This has the makings of a real donnybrook. The Fed has has hinted that it will launch a second round of quantitative easing (QE) sometime after its Nov. ...
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Currency wars are necessary if all else fails (Ambrose Evans-Pritchard)
The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily ...
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Wells Fargo: No halt to foreclosures (Mark Calvey)
Oct. 8, 2010 (San Francisco Business Times) -- Wells Fargo said Friday it has no plans to adopt a foreclosure moratorium despite Bank of America’s decision today to halt all foreclosures. “Wells ...
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Government had Been Warned for Months about Troubles in Mortgage Servicer Industry (Zachary A. Goldfarb)
Oct. 10, 2010 (Washington Post) -- Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed to seize people's homes as fast as possible, ...
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S&P: 60 Percent Of Countries Will Be Bankrupt Within 50 Years (Daniel Tencer)
Predicts US will have a debt of 415 percent of GDP by 2050 Oct. 10, 2010 (Raw Story) -- Some 60 percent of the world's economies will be so in debt by 2060 that their debt will be downgraded to ...
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World Job Crisis is a Threat to Democracy, Says IMF Head (Larry Elliott)
International Monetary Fund meeting dominated by fears that US job crisis will add to currency tensions with China Oct. 10, 2010 -- WASHINGTON (The Guardian) -- The International Monetary Fund was ...
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Boiler Rooms, Foreclosure Mills: The Story of America’s Mortgage Industry (Michael Hudson)
Oct. 8, 2010 (Center For Public Integrity) -- The news about the nation’s foreclosure scandal has been coming fast and furious, driven by tales of backdated documents, false affidavits and “rocket ...
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The Secret Big-Money Takeover of America (Robert Reich)
Oct. 8, 2010 (Information Clearing House) -- Not only is income and wealth in America more concentrated in fewer hands than it’s been in 80 years, but those hands are buying our democracy as never ...
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America’s Third World Economy (Paul Craig Roberts)
Oct. 8, 2010 (Information Clearing House) -- For a number of years I reported on the monthly nonfarm payroll jobs data. The data did not support the praises economists were singing to the “New ...
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