Yes, it is not a typo that you see ‘Driven Driven’ in the title. What is the ailment of the current economy and the effect of it on millions of people all around the world? We can understand if the economy gets impacted if there are natural calamities like the Tsunami/earthquake in Japan […]
Carl Bernstein – the Washington Post investigative journalist who (along with Bob Woodward) exposed Nixon’s 3rd rate burglary and break-in of Watergate weighs in on Murdoch’s News of the World hacking scandal. He doesn’t mince any words. Visit msnbc.com for breaking news, world news, and news about the economy
Once again, Jon Stewart gives Fix News taste of their Own Medicine on his Jul 19th show. Cal Thomas on Fox: “The biggest case of piling on since the last rugby game I saw.” Jon picked from that moment and pounced. Jon contrasted Fox’s hysteric coverage of a comment made by NPR executive to virtual […]
The American economy is 2/3rd consumer spending. In the 1990, cheap credit boosted consumer spending via revolving. In the 2000s, the meteoric rise in home prices led to consumers tapping their home equity to keep spending (referred to as ‘the Home ATM’). Now, both credit spigots have been stopped. Furthermore, the consumer is already in […]
Do you ever wonder, the western press was quick to brand debt trouble faced by Malaysia, Thailand and Indonesia in 1997 as “Asian contagion” as if it were akin to a contagious disease, has avoided using the same term to refer to identical troubles in Europe? This European crisis is now often referred to as […]
“The president’s failure to demand a reckoning from the moneyed interests who brought the economy down has cursed his first term, and could prevent a second.” This is a good article and a must read. It reflects most of my thinking on Obama’s presidency. What haunts the Obama administration is what still haunts the country: […]
Says Barry: Ahhh, the Greeks! Long considered the cradle of Western civilization, Greece is the birthplace of democracy, the founders of Western philosophical thought. The Greeks invented the Olympic Games, literature, political science, and too numerous too enumerate scientific and mathematical principles. The first coin was minted there, as was the university education, and the […]
Predictions of crashes have little credibility with me. However, this one has some credibility. Zero-Hedge’s Tyler Durden (not his real name) thinks that a flash-crash of sorts could happen on Wall Street today or this week. He claims that yesterday’s bizarre options trades (honestly, I only understood some of what he was saying) by HFT […]
Once again, the bankster cartel wins. The Greek Parliament just voted for more austerity measures. Don’t get me wrong, austerity is a good thing. It should be done. But not at gunpoint and threats that are solely aimed at saving the way of life for the bankster cartel. The only thing this will do is […]
I began writing this piece In February 2011, during the revolution in Egypt. Everybody who is following the current turmoil in Greece or who had even peripherally followed the recent events in Egypt knows that these are nothing short of extraordinary days. Not just Egypt and Greece, there were more revolutions in 2011 (e.g. Tunisia, […]
This via Zero-Hedge With just days left until the crucial vote on passing the Greek mid-term austerity package, the assured destruction rhetoric used by the Greek status quo has hit fever pitch. Just to make sure the message is not lost on the broader population that Europe’s banks will not admit defeat in a vote […]
The caption on an official T-shirt to be printed by Ireland, “Ireland is Not Greece, Portugal” says it all. I for one confirm a rumor as true when it is officially denied. Thanks to Zero Hedge.. this is definitely “The Onion” material.
A little over a year ago the pronouncement that Greek was rescued from the brink was a big fat Greek lie. Anybody who paid a slight bit of attention to the truth behind the headlines would have known this. In the 2010 deal mainly Germany and other European nations came to the rescue of Greece […]
For those ideologues who keep bashing “librul” media for a bias that is only real in their twisted way of thinking, I don’t expect Jon Stewart to make sense. But he does make a lot of sense to me because, he, at times takes words out of my mouth. In this epic 25 min interview, […]
Via Bloomberg: The average cost of attending a four- year for-profit college surpassed expenses at both U.S. state and private nonprofit universities, a government report found. Full-time students paid an average of $30,900 annually at the for-profit schools in the 2007-2008 academic year, almost double the $15,600 average paid at public universities, according to U.S. […]
