I've been thinking about writing one truly inspired piece for this blog -- until then, business as usual (I should run for office - I'd make a good, though ineffective politico).
Great news (HA!) from "Some Assembly Required":
(as always, please follow link to original)
Twas Ever So: An FBI inserted an agent provocateur into a local mosque; he was reported to the FBI for trying to instigate a terrorist attack.
Business As Usual: During the housing boom about 50% of mortgage loans to blacks and Latinos were high cost 'products' while only 11% of whites got stuck with the deceitful, designed-to-fail mortgages. When the collapse came, blacks and Latinos lost their homes at twice the rate whites did. Get used to it, there's more to come as the rich white folks take over completely.
Losing the War: The Irish 'rescue' did not lower their debt one cent, nor make their interest rates tolerable, but it will require them to send 10% of their national income to foreign banks and bondholders for a decade or two. It's not repayment, it's reparations.
Priorities: The US cannot afford to provide minimum benefits to millions of the unemployed (at a cost of $60 billion), but can give the top 2% of taxpayers $750 billion for Christmas. The Fed had enough money to bail out big European banks, but not enough to rebuild the US infrastructure. The US can continue to pay for unwinnable wars, but not for decent healthcare. And so it goes.
There is much more -- go there and read it for yourself.
Five Economic Reasons to be Thankful
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Here are five economic reasons to be thankful this Thanksgiving. (Hat Tip
to Neil Irwin who started doing this years ago)
*1) The Unemployment Rate is at 4...
1 day ago
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