Joseph E. Stiglitz: How to prevent the next Wall Street crisis
STORY HIGHLIGHTS Joseph Stiglitz: Fed pumped too much money, aiding housing bubble New-fangled instruments hid overuse of borrowing, Stiglitz says Executives followed short-term interests and magnified risks, he says Stiglitz: Widespread changes needed to prevent future crises
By Joseph Stiglitz Special to CNN Editor’s note: Joseph E. Stiglitz, professor at Columbia University, was awarded the Nobel Prize in Economics in (…)
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Joseph E. Stiglitz: How to prevent the next Wall Street crisis
20 September 2008 par (Open-Publishing)
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Noam Chomsky: Terrifying the population (video)
19 September 2008 par (Open-Publishing)
http://internationalnews.over-blog.com/article-22770411.html
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Say Good Bye to Free Market Economics
19 September 2008 par (Open-Publishing)
Government Taking Extreme Measures to Rescue Corporate America Simulataneously published at Money Daily.
Unbelievable.
The measures being undertaken by various branches of the government, including the congress, the SEC and Treasury in concert with the Federal Reserve are the most extraordinary that I have ever seen.
The US Treasury is opening a function that will guarantee money market funds. Treasury also recently announced plans to sell bonds to fund the Federal Reserve. The Fed and (…) -
Video: Matt Damon Condemns Sarah Palin
19 September 2008 par (Open-Publishing)
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GEAB N°27: Why LEAP/E2020 maintain their anticipation of a 1.75 EURUSD exchange rate at the end of 2008
18 September 2008 par (Open-Publishing)
GEAB N°27: Why LEAP/E2020 maintain their anticipation of a 1.75 EURUSD exchange rate at the end of 2008
Public announcement GEAB N°27 (September 16, 2008) -
Contrary to what the dollar’s staggering upturn against nearly all currencies since the beginning of July 2008 suggests, LEAP/E2020 sees no reason to modify its anticipation about the EURUSD exchange rate at the end of this year. On the contrary, the specific nature and conditions – as they are described in this 27th issue of the (…) -
Valuable, Voluntary and Educational National Youth Service in America
18 September 2008 par (Open-Publishing)
Irrespective of who’s anointed at the presidential coronation in January, many more Americans will soon be performing national service, including compulsory military tours of duty in the never-ending War Against Terror and the soon-to-be-announced Wars Against Sedition, Starvation, Unemployment, and Internal Insurrection, et cetera, et cetera, et cetera.
John McCain has said, "After 9/11, I think we made a mistake by telling Americans they ought to go on a trip, or shop. I think we (…) -
Video: Rev. Jesse Jackson on Voting Rights
18 September 2008 par (Open-Publishing)
Video: Rev. Jesse Jackson on Voting Rights
On Sept. 17, 2008, the Rev. Jesse Jackson spoke at a symposium honoring the U.S. Constitution, in Baltimore, MD. His talk referenced the long, historic struggle of African-Americans for Civil Rights in America and the many court and legislative victories that were won along the way. He recalled, too, the heroics of some of the martyrs, such as Martin Luther King, Jr., in those events of yesteryear. Rev. Jackson said: “Barack [Obama] is running the (…) -
Global Financial Carnage
17 September 2008 par (Open-Publishing)
When US stock markets opened on Wednesday, with fresh news that insurer AIG would receive an $85 billion loan from the Federal Reserve in exchange for an 80% equity stake in the company, there was hope that Wall Street could manage to display at least a modicum of confidence that a major economic calamity had been avoided.
What occurred was exactly the opposite.
Fear that more highly-leveraged companies would soon fall victim to the worsening global recession spread through the trading (…) -
The Dems Are Going the Way of the Whig Party
17 September 2008 par (Open-Publishing)
“The Dems...are weaklings who blow where the wind takes them while frittering away our...lifeblood.” - Cindy Sheehan
It’s painful for me to watch the Dems, the political party of my youth, self-destruct. I’m sure this is how members of the Whig Party must have felt as they witnessed their organization fade from the national scene. The Whigs were the heirs of the Federalist Party, originally led by George Washington. A split over the issue of Slavery, however, just before the Civil War, (…) -
Michael Parenti: Support our Troops? (video)
17 September 2008 par (Open-Publishing)
http://internationalnews.over-blog.com/article-22770316.html