by Richard Eskow | Apr 1, 2010 | Blog
Do homeowners who are underwater on their mortgages deserve to lose their homes? That's what finance commentator Barry Ritholtz says, in a post called "More Foreclosures, Please." Ritholtz must have been channeling his inner Rick Santelli when he wrote that "the boom...
by Steven Capozzola | Mar 31, 2010 | Blog, Making it in America
As the Pittsburgh Post Gazette is reporting, U.S. Treasury Secretary Tim Geithner is scheduled to visit Pittsburgh today, where he will be “greeted by a chorus of calls to bolster ailing U.S. manufacturers by taking action against China’s currency and trade policies.”...
by Bill Scher | Mar 31, 2010 | Blog
Forgive me if my Outrage-O-Meter registers low today despite the President's coastal drilling announcement. Candidate Obama announced his willingness to compromise on coastal drilling quite dramatically during the campaign. And the Senate climate bill talks have been...
by Dave Johnson | Mar 31, 2010 | Blog
As the manufacturing infrastructure of suppliers, technology knowledge, etc., moves to China, dependence follows. China appears to be ready to answer, "So what are you going to do about it?" The world is starting to realize this. Financial Times, yesterday, China...
by Robert Borosage | Mar 31, 2010 | Blog, Economy
The economy is said to be recovering, but the people are not. The jobs are gone, and haven't started to come back. Twenty-five million people are in need of full-time work. Incomes are stagnant; more and more are losing health care. Even the uptick in jobs that will...
by Dave Johnson | Mar 30, 2010 | Blog
Dear Deficit Commission, It's not hard to figure out why we have a huge deficit. It's so easy I don't have to use words. Here are some pictures: Bill Clinton raised taxes on the rich. Bush cut them. The second chart kind of explains itself. The third chart can help...
