How Government Benevolence Contributes to Teenage Unemployment
Teenage unemployment is at 25.5%, an all time high since government started tracking these numbers in 1948. An estimated 1.64 million kids between ages 16…
In The News
Another Major Shock to the World Economies?
I am not a ‘chicken-little’ or an alarmist of any kind. But, when I see disturbing developments that are going to affect our livelihood and…
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Wi-Fi Turns Rowdy Bus Into Rolling Study Hall
[Via – NYTimes] VAIL, Ariz. — Students endure hundreds of hours on yellow buses each year getting to and from school in this desert exurb…
eRead the Economic Report of the President
Yesterday the White House released the annual Economic Report of the President – a detailed analysis of actions taken by the Administration to address our Nation’s…
Doing the God’s Work
Remember the infamous slip of tongue by Goldman’s CEO Lloyd Blankfine that Goldman is doing “God’s work?” This PBS report sheds some light on that…
Will Volker Rule Rule?
Finally the only economist on this planet who has really succeeded in battling dire economic conditions with a series of tough measure is having his…
The Lone Warrior Against Sleazy Banks
It seems to me that Elizabeth Warren, Chairwoman of Congressional Oversight Panel is the only person fighting for the consumer against the sleazy business practices…
Greece Bailout
Today the Eurozone leaders have announced some sort of a rescue plan for debt burdened Greece. The pledge failed to calm fears. Experts I follow…
Toyota Issues
I hope most of the folks are not affected by the Toyota recall. The news surfaced five months back . For all their excellence Toyota…
BBC Report: Is Euro Crumbling?
The problems in Greece have exposed structural problems associated with Euro as a currency. Several parallels are drawn between Greece and Bear Sterns: Greece problems…
BBC Report: ABCs of Greece Economic Problems
As I have alerted earlier on this blog that the epicenter of a new financial storm is currently centered in PIIGS countries – specifically, Greece….
Free Markets, My Foot!
Here is a nonsensical rant from a right-wing nut and a CNBS host Larry Kudlow. According to this ‘recovered’ drug addict and yet to recover…
“Goldmen” – They are Everywhere
They claim to be the smartest, better than the best. yada yada yada. May be, they are better than the best at keeping the right…
Mark Faber: If US Were a Corporation, its Bonds Would be Junk
Mark Faber doesn’t need introduction. A smart, no, very smart investor. Listen to what he has to say.
Carry Trade Implosion: Again
Recent slide in markets is mainly attributed to the implosion of economies in PIGS (Portugal, Ireland, Greece and Spain). While this is going on,rumor is…