There has been a lot of warnings lately that we are heading right towards another Lehman style collapse: Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc. “In the U.S. and […]
I guess it is if you are a Democrat, but Republicans seem to be ok with it (from Raw Story): An economist who once served as President Reagan’s Assistant Secretary of the Treasury compares President George W. Bush to Adolf Hitler in a column at the libertarian website Anti-war.com. “Bush is like Hitler,” Paul Craig […]
A true look into the current chance of Americans rising to the top has taken place and what we use to say about our land is no longer true: America may still think of itself as the land of opportunity, but the chances of living a rags-to-riches life are a lot lower than elsewhere in […]
Bloomberg has this interesting yet troubling piece of news regarding Bush’s new budget: Feb. 6 (Bloomberg) — Under President George W. Bush’s new budget, the federal deficit would decline gradually until 2010 and then start rising again, as the full impact of his requested permanent tax cuts and other proposals is felt. Bush’s budget for […]