Economy

(OregonLive) – Oregon budget stands at precarious crossroad

Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth. Read More Here

(HumanEvents) – America’s Economic Hari-Kari – Ted Nugent

Anyone with a lick of common sense will tell you that when you are in a hole, you need to quit digging. Continuing to dig will only create a larger problem. Do schools teach this?

Even President Obama’s national debt commission recently told him that his continuing spending orgy is digging America into a gigantic fiscal hole. Read More Here

(DailyBell) – Ellen Brown on Debt Money, Why Money is Collapsing and Why Central Banks Need Adult Supervision – Read More Here

(AJC) – Research firm: 5,200 restaurants closed in the U.S. this spring – Read More Here

(Telegraph) – Obama signs a bill that lets banks have US over a barrel once more

Last week, President Obama signed into law the Dodd-Frank Wall Street Reform bill – hailed as the most sweeping overhaul of US financial regulation since the 1930s. Read More Here

(RussiaToday) – Video: Keiser Report №61 – Markets! Finance! Scandal!

This time Max Keiser and co-host, Stacy Herbert, look at the latest scandals of deficit fraud, Hank Paulson’s love of financial reform and the RIAA’s very low return bullying. In the second half of the show, Max talks to Ben Davies of Hinde Capital about the BIS gold swaps and more. – Video Link Here

(RealNews) – Video: PLUNDER – THE CRIME OF OUR TIME

Danny Schechter on the financial crisis and Wall Street as a crime narrative Continue reading

War, Politics and the Economic Crisis: Why We Barely Know What’s Going On – Danny Schechter

(GlobalResearch) – Defending America covertly has become an ongoing theme for one more TV series. Salute the flag and praise NBC (GE) for its latest effort to persuade the population to accept the kind of secret operations that now drive the war in Afghanistan. Their latest show is called “Covert Affairs” and airs on the patriotically named USA Network.

This fiction is based on faction, glamorizing the work of our unaccountable CIA at home and at war with Piper Perabo who has been promoted from dancing barmaid in Coyote Ugly into a CIA trainee “who is suddenly thrust into the inner sanctum of the agency after being promoted to field operative.”

The dumbed down formula is tried and true , showcasing what TV pros call “the three S’s:” Sex, Spies, and Sensationalism. Continue reading

Whose Economic Recovery?

President Obama’s highly anticipated health care speech started on a totally different subject: The economy. Continue reading

Searching for the Depression and Finding It

(DannySchechter) – Economic Stress Is Hidden, But It’s There in a Recovery That Isn’t. Continue reading

Is This an Age of Financial Reform or Plunder without End?

Will the Financial Reforms lead to Change or just Prop up the Status Quo?
It is almost axiomatic to argue that renewal comes out of chaos. And reform and change are born in crisis. Continue reading