Us Economy

Oil Prices Were Manipulated, U.S. Government Commission Charges

Janet Ritz | Posted 07.25.2008 | Green

Read More: U.S. Economy, New York Mercantile Exchange, Crude Oil Prices, The Environmentalist, Commodity Prices, Heating Oil Prices, Green, Commodities Speculation, Green Business, Gasoline Futures, Commodity Futures Trading Commission, Business, Investigation, Cftc, Oil Price Manipulation Investigation, Corporate Crime, Politics, Gasoline Prices, Oil, Oil Prices, Optiver Holding, Green News
Janet Ritz

The agency charged with "ensuring the integrity of the futures & options market," has accused Optiver Holding of manipulating the prices of crude oil, heating oil and gasoline futures on the NY Mercantile Exchange.

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Remember Your Chains That Bind You, to Us - Ye Captains of Industry and Govern

Alice Singleton | Posted 07.24.2008 | Business

Read More: Fannie Mae, Richard Syron, Freddie Mac, American Greed, U.S. Economy, Recession, Business News
Alice Singleton

Attached with the bailout of the FMs and the remaining institutions surely to follow will be a veiled warning to the American taxpayer: "we had to bail them out. If they go down the tubes, so does America!"

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The Minimum Wage: A Disgrace and a Scandal

Jonathan Tasini | Posted 07.24.2008 | Politics

Read More: John Edwards, Taxes, Minimum Wage, Class Warfare, Poverty, U.S. Economy, Economy, Politics News
Jonathan Tasini

Now totaling the grand sum of $6.55 an hour, the minimum wage is a disgrace and a sad commentary about the state of our social safety net, the economy and our political system.

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Sensible Economic Development Policy Is Green Policy

David Roberts | Posted 07.23.2008 | Politics

Read More: Renewable Energy, Green, U.S. Economy, Economics, Politics News
David Roberts

grist.orgThe following is an elaborated version of the brief talk I gave at my Netroots Nation panel.The U.S. economy is in serious trouble, mired in ...

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Note to Wall Street: "It's the Women, Stupid"

Marie Wilson | Posted 07.23.2008 | Business

Read More: Women, Wall Street, Economy, Gender, U.S. Economy, Job Cuts, Economic Recession, Women Business Owners, Business News
Marie Wilson

Women have been disproportionately impacted by economic distress: they're the first ones to lose their jobs during cutbacks, and they're the primary caretakers for their families in cash-strapped times.

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America's Corporations and Investors Are Failing Society

Jack Myers | Posted 07.22.2008 | Business

Read More: Google, Business News, U.S. Economy, Media News, J.D. Power and Associates, Economy, Business News
Jack Myers

If a company invests a percentage of its profits into cause-related initiatives that improve the state of mankind, unless there is a clear economic reward, there is negligible enhancement of the company's value.

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Why We Should Pay Attention: The Facts About the Mideast Nuclear Scare

Eric Margolis | Posted 07.21.2008 | Politics

Read More: Iraq War, U.S. Economy, Germany, Afghanistan, Middle East Politics, Pakistan, European Union, Pervez Musharraf, Iran, Iraq, Israel, Democracy 21, Politics News
Eric Margolis

Much of the media, which does not understand the military issues involved, and exaggerates the dangers in the Israel-Iran confrontation, bear much of the blame. So here is some clarification.

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The Short-Sighted Double Standard

George Cloutier | Posted 07.21.2008 | Business

Read More: U.S. Economy, Small Business, Freddie Mac, Corporate America, Economy, Fannie Mae, Fannie Mae Freddie Mac Bailout, Business News
George Cloutier

Why should small business get nothing while Wall Street benefits? It's shortsighted, and it will only serve to speed the spiral effect of the economic downturn as these enterprises stop investing, and continue to lay off workers.

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The Shampoo Economy

Jared Bernstein | Posted 07.20.2008 | Politics

Read More: US Economy, Debt, Economic Policy, Market Regulation, Economy, Politics News
Jared Bernstein

Our system of borrowing, lending, and financing investments by both businesses and households is a national treasure, one which we have squandered in recent years.

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All is Not Well in Silicon Valley

Aaron Greenspan | Posted 07.17.2008 | Business

Read More: Oil Prices, Investing, U.S. Economy, Facebook, Business, Technology, Myspace, Economy, Silicon Valley, Business News
Aaron Greenspan

MySpace and Facebook have utterly failed to improve any significant aspect of the American economy -- and have "succeeded" at wasting millions of manhours that could have gone toward boosting our national productivity.

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Obama: Stay Home and Focus on the Struggling U.S. Economy: Europe Will Always Be There

Robert Guttman | Posted 07.17.2008 | Politics

Read More: US Economy, Europe, Barack Obama, Obama Europe Trip, Obama in Europe, Politics News
Robert Guttman

Obama's trip to Europe at this time seems inappropriate. Right now people in the U.S. are afraid every day about the next economic disaster that may hit us.

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How to Get the Economy from its Vicious to a Virtuous Cycle -- But Radical Righties Won't Let it Happen

Paul Abrams | Posted 07.16.2008 | Politics

Read More: Bill Clinton, Savings & Loan, George HW Bush, George W Bush, Economy, Deficit, U.S. Economy, Poor Economy, Credit Crunch, Politics News
Paul Abrams

By restraining spending via pay-as-you-go, and taking in more revenues through higher taxes on the wealthy, Clinton and Bush Sr. caused interest rates to come down, and the economy took off.

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My Talk With Bob Reich: Only Democrats Can Save Globalization from Republican-Generated Backlash

Nathan Gardels | Posted 07.15.2008 | Business

Read More: Taxes, U.S. Economy, Economy, Regulation, Credit Crisis, Protectionism, Alan Greenspan, Obama Economy, Capitalism, Credit Crunch, Business News
Nathan Gardels

Robert Reich: "Capitalism has always required regulation in order to ensure against fraud and excessive speculation. Greenspan allowed the economic crisis to happen because he believed that capitalism was self-correcting."

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The Recession Narrative: Pundits Know Nothing

Margaret Heffernan | Posted 07.15.2008 | Business

Read More: Chateau Musar, Pundits, Economy, Credit Crunch, Lebanon, US Economy, Black Swan, Prediction, Recession, Taleb, Economic Predictions, Business News
Margaret Heffernan

No one knows the future because it hasn't happened yet. Sure, you can guess -- everyone can guess. But no one knows. The pundits know no more than you do. Get used to it.

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A Young Entrepreneur on Bank Failures and Small Business

Scott Sinclair | Posted 07.14.2008 | Business

Read More: Investment Banks, U.S. Economy, Job Market, Small Business, The Balanced Life, Job Cuts, Economy, Banking, Financial Crisis, Federal Reserve, Commuting, Business News
Scott Sinclair

In the wake of the failure of Bear Stearns, with layoffs at all the major financial institutions and the threat of more bank failures, it's entrepreneurs and small business owners who are investing in the American dream.

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Give Me A Lever Long Enough...

Lapham's Quarterly | Posted 07.14.2008 | Business

Read More: U.S. Economy, Kohlberg Kravis Roberts, Wall Street, Leveraged Buy-Outs, Economy, Business News
Lapham's Quarterly

The leveraged buy-out allows small, private firms to purchase and take control of enormous corporations, generally with non-existent money -- and to pocket fortunes.

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Freddie Mac, When Are You Coming Back?

Danny Schechter | Posted 07.12.2008 | Business

Read More: Federal Reserve Bank, Fannie Mae, U.S. Economy, Sec, Freddie Mac Loss, Economy, Naca, Business News
Danny Schechter

As housing implodes, is our nation at an economic tipping point?

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Stocks end lower amid worries on Fannie, Freddie

AP | TIM PARADIS | Posted 07.11.2008 | Business

Read More: US Economy, Stocks Plummet, Freddie Mac, Economy, Housing Crisis, Freddy Mac, Fanny May, Fannie May, Fannie Mae, Business News

NEW YORK — Wall Street's angst over the ongoing fallout from the credit crisis made for a turbulent end to a volatile week Friday _ stocks tumbl...

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Phil Gramm Is Conservatism

Bill Scher | Posted 07.11.2008 | Politics

Read More: Conservatism, Gramm, Economy, Phil Gramm Mccain, U.S. Economy, Phil Gramm, Conservatives, Politics News
Bill Scher

This is conservatism. The insistence that your economic dissatisfaction is illegitimate, and can only be explained by a brainwashing from the media or politicians

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Ben Bernanke: Socialist

Hale "Bonddad" Stewart | Posted 07.09.2008 | Business

Read More: Economy, Bernanke Socialism, U.S. Economy, Bear Stearns and JPMorgan Chase, Bear Stearns Bailout, Bernanke Bear Stearns Rescue, Ben Bernanke, Bear Stearns, Business News
Hale

Poor lending standards have led to the collapse of communities and harder times for cities, beyond Bear Stearns. Shouldn't they be getting some help too?

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Artificially Low Interest Rates, Pre- and Post-9/11

Max Keiser | Posted 07.08.2008 | Business

Read More: Las Vegas, Fannie Mae, US Economy, Credit Crunch, Fannie Mae Loss, Economy, Business News
Max Keiser

The rogue ship I mentioned four years ago, Fannie Mae, has finally capsized and the results are seeping into inflationary expectations for the dollar (bad) and gold (good).

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Iraq Is The Economy, Stupid

Alan Fein | Posted 07.03.2008 | Politics

Read More: Iraq, Economy, Iraq War, U.S. Economy, Iraq Surge, Iraq Spending, Iraq War Funding, Politics News
Alan Fein

Every day, pollsters ask voters to rank issues, separating "the Iraq war" from "the economy," as if they have nothing to do with each other. In fact, they have everything to do with each other.

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Is the GOP Really the Party of Free Trade?

William Bernstein | Posted 07.02.2008 | Politics

Read More: Protectionism, John McCain, Presidential Election, Free Grade, Globalization, U.S. Economy, Obama NAFTA, Obama Free Trade Agreements, Economy, Obama Free Trade, McCain Free Trade, Politics News
William Bernstein

Obama is highly intelligent, highly trained -- and he knows full well that the nation as a whole benefits from free trade, even if substantial minorities are harmed by it.

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The Vanishing Middle Class

Robyn Blumner | Posted 07.01.2008 | Politics

Read More: U.S. Economy, Middle Class Pain, Job Cuts, The Middle Class, Weak Economy, Economy, Middle Class, Consumer Spending, Politics News
Robyn Blumner

We now live in a country where there is no financial margin for most families to fall back on in case someone gets sick or a job is lost: life is far riskier than during the 1970s' economic crisis.

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McCain Pledges Allegiance to NAFTA

Robert L. Borosage | Posted 07.01.2008 | Politics

Read More: U.S. Economy, John McCain, Obama, Mccain, 2008 Election, Trade, Economy, Free Trade, Politics News
Robert L. Borosage

Across the world, the revolt against the corporate trade model is growing. In the US, a majority polled in a January 2008 agreed that globalization has been bad. McCain simply doesn't get it.

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