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Economy - Economics USA

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GlobalResearch.ca

The pension fund is expected to report paper losses of 103 percent on its residential investments in the fiscal year that ended June 30. It is estimated 80 percent of these investments were paid with borrowed money, which means that CalPERS will even

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NY Times

I’m talking about the administration’s plans for a banking system rescue — plans shaping up as a classic exercise in “lemon socialism”: taxpayers bear the cost if things go wrong, but stockholders and executives get the benefits if things go right.

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NY Times

Of the 30 companies in the Dow Jones industrial index, 22 have announced job cuts since October. Unemployment is up in all 50 states, with layoffs at both high-tech companies (Microsoft) and low (Caterpillar). The December job loss in retailing is th

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Through Fannie Mae, Freddie Mac and the secondary mortgage market the government incentivized creative, low down-payment, more widely available mortgage products, and discouraged the market-proven lending standards of the past. The Federal Reserve ke

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TruthDig.com

It is only a matter of time. And not much time. When things start to go sour, when Barack Obama is exposed as a mortal waving a sword at a tidal wave, the United States could plunge into a long period of precarious social instability.

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moneyweek.com/news

That is why the pressure is on world leaders (ex-Ben Bernanke) at Davos and at a series of high level meetings in the run-up to London on 2 April not simply to talk the talk but also to walk the walk. Profound action is required, but first it is nece

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Reuters

State Controller John Chiang has said he will hold back the refunds for at least 30 days because the state must close a $15 billion shortfall in its current budget and needs its dwindling cash for more pressing payments, including debt service.

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L. Neil Smith

Politicians and their disgusting, fawning, sycophantic pilot fish—the media—want us all to believe that economic ups and downs are a natural phenomenon, similar to earthquakes, meteor strikes, or the weather.

midfest.info