On The Bank? Americans Could Lose Their Deposits You know things are bad when Yahoo.com,
the most trafficked website in the world and usually a purveyor of mindless
celebrity gossip, cooking tips and dating advice, features a top story
about how Americans could lose their bank deposits following the collapse
of Lehman Brothers.
Economy: Rudderless and Reeling from Direct Hits We were promised a “New Economy”
of high-tech tradable services to take the place of the offshored manufacturing
economy. Wondering what had become of the “New Economy,”
Duke University’s Offshoring Research Network searched for it
and located it offshore.
Similarities To The Great Depression Being born in 1926, Greenspan grew up during
the Great Depression of 1929 to the late 1930s. That was a once in a
century event. Could the current crisis be as bad as the Great Depression?
Phil Gramm would be ‘just the guy’ to lead us into a Great
Depression Last night on MSNBC’s Countdown, New York
Times columnist and Princeton economics professor Paul Krugman pinpointed
Phil Gramm as one of the architects of the current financial crisis,
and the “odds-on favorite to be the Treasury Secretary”
in a McCain administration. Asked by Olbermann what Gramm’s nomination
would mean for the economy, Krugman suggested it could lead to another
Waging ‘Secret War With Iran’ Israel and America are intensifying a
clandestine war against Iran that has run hot and cold since the Islamic
Revolution in 1979 but has grown more urgent as Iran races to obtain
an atomic bomb.
back time to safeguard climate, expert warns Scientists may have to turn back time and
clean the atmosphere of all man-made carbon dioxide to prevent the worst
impacts of global warming, one of Europe’s most senior climate
scientists has warned.