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thinkahol *

The Grinding Halt: Reality Falls to Bits and Pieces | Finance - 0 views

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    The US will turn a small profit on the financial support banks, mortgage lenders and car manufacturers received during the financial crisis. So reports the US Treasury. Especially the support for more than 700 banks was profitable.

    The support for car manufacturers has cost billions of dollars, but the Treasury says it has resulted in 230.000 new jobs.

    American households have lost $12.3 trillion since the crisis.
thinkahol *

The Republicans Say A Major Impediment To Growth Is Uncertainty Over Regulation. Resear... - 0 views

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    The most important thing to understand about the Republican jobs agenda is that it's not really a jobs agenda. That sounds simplistic and harsh, but I think it's true, at least if you buy into the mainstream economic consensus.
thinkahol *

Goodbye to All That: Reflections of a GOP Operative Who Left the Cult | Truthout - 0 views

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    A couple of years ago, a Republican committee staff director told me candidly (and proudly) what the method was to all this obstruction and disruption. Should Republicans succeed in obstructing the Senate from doing its job, it would further lower Congress's generic favorability rating among the American people. By sabotaging the reputation of an institution of government, the party that is programmatically against government would come out the relative winner.
thinkahol *

Welcome to the Tea Party's Austerity Recession | Economy | AlterNet - 0 views

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    Economic historians will look back on this era as a time when policy-makers damaged Americans' welfare with ideologically driven, self-inflicted wounds.
thinkahol *

Protesters take to the streets of 100+ European cities | Reflections on a Revolution ROAR - 0 views

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    An online call for a European Revolution was heeded en masse today as over 100 cities throughout the continent witnessed tens (if not hundreds) of thousands 'indignants' mobilizing to demand real democracy now.
thinkahol *

When Change Is Not Enough: The Seven Steps To Revolution | OurFuture.org - 0 views

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    "Those who make peaceful evolution impossible make violent revolution inevitable."- John F. KennedyThere's one thing for sure: 2008 isn't anything like politics as usual.The corporate media (with their unerring eye for the obvious point) is fixated on the narrative that, for the first time ever, Americans will likely end this year with either a woman or a black man headed for the White House. Bloggers are telling stories from the front lines of primaries and caucuses that look like something from the early 60s - people lining up before dawn to vote in Manoa, Hawaii yesterday; a thousand black college students in Prairie View, Texas marching 10 miles to cast their early votes in the face of a county that tried to disenfranchise them. In recent months, we've also been gobstopped by the sheer passion of the insurgent campaigns of both Barack Obama and Ron Paul, both of whom brought millions of new voters into the conversation - and with them, a sharp critique of the status quo and a new energy that's agitating toward deep structural change.There's something implacable, earnest, and righteously angry in the air. And it raises all kinds of questions for burned-out Boomers and jaded Gen Xers who've been ground down to the stump by the mostly losing battles of the past 30 years. Can it be - at long last - that Americans have, simply, had enough? Are we, finally, stepping out to take back our government - and with it, control of our own future? Is this simply a shifting political season - the kind we get every 20 to 30 years - or is there something deeper going on here? Do we dare to raise our hopes that this time, we're going to finally win a few? Just how ready is this country for big, serious, forward-looking change?Recently, I came across a pocket of sociological research that suggested a tantalizing answer to these questions - and also that America may be far more ready for far more change than anyone really believes is possible at this moment. In fac
thinkahol *

Cheney Was Right About One Thing: Deficits Don't Matter | Truthout - 0 views

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    "De­ficit ter­ror­ists" are gutt­ing govern­ments and forc­ing the privatiza­tion of pub­lic as­sets, all in the name of "de­ficit re­duc­tion." But de­ficits aren't ac­tual­ly a bad thing. In today's moneta­ry scheme, in which most money comes from debt, debt and de­ficits are ac­tual­ly neces­sa­ry to have a st­able money sup­p­ly. The pub­lic debt is the peo­ple's money.
thinkahol *

Banks - Federal Reserve president breaks rank: This is the greatest risk to the U.S. ec... - 0 views

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    Federal Reserve Bank of Kansas City President Thomas Hoenig said U.S. regulators should avert another crisis by breaking up large financial institutions that pose a threat "to our capitalistic system." 
thinkahol *

Yes, There Are Ways to Reduce Unemployment and Revive the Economy | Op-Eds & Columns - 0 views

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    As President Obama begins the second half of his term with a campaign for "jobs and competitiveness," we would do well to consider how he might achieve these worthy goals. It is jobs that matter most to the vast majority of Americans, and unemployment remains at 9.4 percent - about double its pre-recession level. This is a terrible punishment to inflict on millions of Americans who did nothing to deserve it. It will cause long-term and even permanent damage to many of the unemployed and their children.
thinkahol *

Vision: Across the Country, People Are Rising Up to Fight for Change - 1 views

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    "Small acts, when multiplied by millions of people, can quietly become a power no government can suppress, a power than can transform the world." -The late people's historian Howard Zinn (August 24, 1922 - January 27, 2010)

thinkahol *

FORA.tv - The Financial Crisis: Will It Lead to America's Decline? - 0 views

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    US: The Next USSR? Ferguson Says Economy on Edge of Chaos
thinkahol *

Is QE2 the Road to Zimbabwe-Style Hyperinflation? Not Likely - 0 views

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    Unlike Zimbabwe, the US can easily get the currency it needs without being beholden to anyone. But wouldn't that dilute the value of the currency? No.

thinkahol *

YouTube - Living in the End Times According to Slavoj Zizek - 0 views

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    Slovenian philosopher Slavoj Zizek, akaThe Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance. The Giant of Ljubljana is bombarded with clips of popular media images and quotes by modern-day thinkers revolving around four major issues: the economical crisis, environment, Afghanistan and the end of democracy. Zizek grabs the opportunity to ruthlessly criticize modern capitalism and to give his view on our common future.

    We communists are back! is the closing remark of Slavoj Zižeks provocative performance. Our current capitalist system, that everyone believed would be smoothly spread around the globe, is untenable. We find ourselves on the brink of big problems that call for big solutions. Whatever is left of the left, has been hedged in by western liberal democracy and seems to lack the energy to come up with radical solutions. Not Zižek.

    Interview: Chris Kijne
    Director: Marije Meerman
    Production: Mariska Schneider /Pepijn Boonstra
    Research: Marijntje Denters/Maren Merckx
    Commissioning editors: Henneke Hagen/Jos de Putter
thinkahol *

FT.com / Columnists / Martin Wolf - Current account targets are a way back to the future - 0 views

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    The debate on "global imbalances" has gone back to the future. The proposal from Tim Geithner, the US Treasury secretary, to target the current account takes us back to the preoccupations of John Maynard Keynes at the Bretton Woods conference of July 1944. Keynes, representing Britain, was obsessed with the dangers of asymmetric adjustment between surplus and deficit countries. The US, then the world's dominant surplus country, rebuffed calls for a mechanism that would impose pressure on both sides. Now the US is in the other camp.
thinkahol *

FT.com / Comment / Opinion - It is folly to place all our trust in the Fed - 0 views

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    I n certain circles, it has become fashionable to argue that monetary policy is a superior instrument to fiscal policy - more predictable, faster, without the adverse long-term consequences brought on by greater indebtedness. Indeed, some advocates wax so enthusiastic that they support recent drives for austerity in many European countries, arguing that if there are untoward effects they can be undone by monetary policy. Whatever the merits of this position in general, it is nonsense in current economic circumstances.
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