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Viewing Economics NEWS articles 76 through 150 of 414
- Conditions in the financial markets are eerily similar to those that precipitated the "Black Monday" stock market crash of October 1987, according to leading City analysts.
- The real terrorists are not cowering in the mountains of Tora Bora, but towering in the boardrooms of Wall Street and London.
- George Bush’s latest scam to line the pockets of the super-rich with tax cuts.
- That's because bankers collect interest for doing nothing. They extend "credit" which is nothing but thin air that is ALWAYS paid by the interest they collect from someone else.
- The dollar is getting hammered almost daily now. It’s like watching the blood ooze from a hemophiliac. In just one month the dollar has tumbled from $1.20 to $1.29 vs. the euro; an astonishing 7% retreat.
- Oh Lord, lift this burden from the shoulders of these poor unfortunates.
- At a time when tens of millions of workers are struggling to pay for gas for their car, electricity for their home, and medical care for their families, the Republicans have stepped forward with a plan to help. They want to give another $20 to $30 billion in tax cuts to the rich.
- While most of us are preoccupied with the astronomical price of gasoline, a far bigger energy catastrophe is brewing that will make pricey gas seem like a walk in the park. It's "peak oil" ...
- A Nation of Waitresses and Bartenders - Losing Hot Water, Computer, Car, Electricity . . .
- Iran bourse opens next week
- Simple - because Labor does not control the media - MONEY does. - They're At It Again!
- The Subsurface World of Inflation, Cannibalism and the Plight of the Squeezees
- According to US Postal Service insiders, the Bush administration, which has prided itself on tax cuts, has imposed a stealth war tax on the American people. - ...Iran fired the first shot in a battle that will ultimately change the global economic system. Mehr News Agency announced that the long-anticipated Iran Oil Bourse (OIB) will open sometime next week on Kish Island competing head-on with the US dollar.
- Nationalizing the oil industry should be the central tenet of any progressive political movement. Evidence of the industry's involvement in the invasion of Iraq as well as its obvious complicity in corrupting the political system should provide ample proof that the oil giants are a clear and present danger to democracy and need to be put under state control. - Ultimately, to solve the problem of oil we need to solve the problem of empire. - For more than 100 years, May Day has symbolized the common struggles of workers around the globe. Why is it largely ignored in North America? The answer lies in part in American labour's long repression of its own radical past, out of which international May Day was actually born a century ago.
- Oil prices could rocket to $100 within six months, plunging the world into an unprecedented fuel crisis... - Confused? Don't be. There are two simple explanations for this obvious - and painful - contradiction.
- George W. Bush would like to sell you the idea that pesky environmental regulations are keeping gas prices high. - Presidential elections will not resolve this issue, the system is broken. There are no political solutions. We should be looking at developments in Nepal to understand how this dilemma will eventually be decided.
- Eighteen of America's wealthiest families...are bankrolling efforts to permanently repeal estate taxes that would save their families a total of $71.6 billion, according to a report released Tuesday by public interest groups.
- What, you say? That's not a REAL choice.
- For a growing number of US workers, dreams of a decent retirement are quickly evaporating as companies shift retirement costs onto workers, in the form of deductions from already declining wages...
- Once again the tidings of the season and the news from the news reminded one and all that it is better to be rich than to be poor. The week ended with news of the Cheneys' tax refund and began with stories in the New York Times and the Wall Street Journal reminding us that the rich get richer and the rest don't.
- "[J]ust as administration officials continued to insist that the trailers were weapons labs long after their own intelligence analysts had concluded otherwise, officials continue to claim that most of the tax cuts went to the middle class even though their own tax analysts know better." - It’s clear that when it comes to making profits, U.S. business sees no borders.
- "The kind of money you cannot comprehend"
- Paying for tax cuts for the wealthy with . . . more tax cuts for the wealthy!
- The most absurd corporate tax giveaway of 2005.
- Last year, while touting the "ownership society," President Bush went on the "Today" show and uttered a classic Bushism: "Ownin’ stuff is good." - Capitalist profiteers. - The giant pay gap between US corporate bosses and their workers widened further last year, as chief executive compensation leapt 15.8 per cent.
- FED CHAIRMAN ANNOUNCES "NO MORE ANNOUNCEMENTS"
- What the Pentagon Budget Could Buy You - If accurate, this will mean your already worthless money will be even more worthless and hyper-inflation will eventually decimate what remains of the so-called middle class.
- Permanently abolishing the estate tax would cost almost $1 trillion in the first ten years.
- ...take another look at the folks who invented the word liberté. Throughout the month of March and beyond, they were demonstrating, rioting, and burning up cars to preserve a right Americans can only dream of: the right not to be fired at an employer’s whim. - Feeling insecure about your job harms both mental and physical health -- whether you actually lose your job or not.
- The stage is being set for the US to fall. You have to understand that illegals ARE NOT the problem. It is our corrupt government who allows them to come here in the first place, driving down the wages and pushing the country into a slave society. - A Terrible Weapon in the Hands of the Rich
- Meanwhile, the share of national income going to wage and salary workers has fallen to 56.9%. Except for a brief period in 1997, that's the lowest share for labor income since 1966
- INFO CORROBORATED BY THREE SEPARATE U.S. TREASURY SOURCES
- "Looks like we can go now Dave, the next shift's just turned up." - As significant as the national data is, foreclosure and delinquency rates for regions most neglected, abandoned, or destroyed by consequences of capitalism are the most revealing.
- Union struggle is about the top issues for most Americans: health insurance and a secure future.
- A lot of fossil fuel goes into producing, packaging and shipping our breakfast
- To become competitive centers for corporate banking, first South Dakota and then Delaware removed their "usury ceilings" about 25 years ago. Usury laws are state legislation designed to prevent lenders from charging exorbitant or usurious interest rates on loans and credit.
- How income inequality has intensified under Bush
- ...what if the Saudi oilfields are running lower on untapped supplies than the kingdom, and the West, have estimated?
- People tend to look for scapegoats as they become more insecure about their own economic livelihood and remain badly informed.
- There is social control in loading young people up with financial obligations. Burdened with debt and desperate to have and keep a job, there is no way they can take a wild year off and certainly no time for protesting, organizing or causing the kind of social and political trouble young people cause from time to time.
- The average CEO now takes home a paycheck 431 times that of their average worker. Does he really work that hard?
- "The days of inexpensive, convenient, abundant energy sources are quickly drawing to a close," according to a recently released US Army strategic report. The report posits that a peak in global oil production looks likely to be imminent, with wide reaching implications for the US Army and society in general.
- Russia's billionaires nearly doubled their fortunes over the last year on the back of sky-high commodity prices...
- VOTE WITH YOUR DOLLARS
- It’s really all about breaking the back of the most democratic...of American institutions – the American middle class. - The growth of hunger at one pole of society goes hand-in-hand with the unprecedented accumulation of personal wealth at the other.
- Al-Qaida?
- A federal bankruptcy judge says the new bankruptcy law is good for one thing: allowing creditors to make more money off the backs of debt-ridden consumers
- HSA follows the same tortured logic as the president’s proposals to privatize Social Security, Medicare and pension programs. Simply, HSA is another attempt to cut the social safety net underneath the American middle class and use it as gift wrap for another tax holiday for the wealthy. HSA really should be called GIA — Go It Alone.
- How the Economic News is Spun
- Saddam Hussein once toyed with the notion of pricing his country’s oil in euros rather than dollars. It wasn’t long before George II began chanting "Axis of Evil" and "WMDs." The U.S. Air Force created a steel thunderstorm over Baghdad. A hundred thousand Iraqis, electricity and indoor plumbing became memories in Mesopotamia.
- How an archaic measurement keeps millions of poor Americans from being counted
- Bushonomics has been the most destructive set of economic policies to hit Americans since Herbert Hoover. No, wait. That understates the problem.
- March 20 to 26, 2006: Iran-USA, beginning of a major world crisis, or "the End of the Western World we have known since 1945". - Four out of five filers felt forced to seek bankruptcy protection because of a job loss, catastrophic medical expenses, or the death of a spouse... - A week's vacation in Cancun does not make one a member of the leisure class. Likewise, owning a few shares of stock is no ticket into anything Wall Street would remotely regard as the investing class. But the Bush administration would like to convince working folk that they are in the club.
- Under George W. Bush’s $2.77 trillion budget for fiscal 2007, federal spending would top revenue by $354 billion, following a six-year string of staggering deficits -- 2005’s was $429 billion. And that’s just for openers. Step right up, it’s the greatest rip on earth! - Americans have always believed that hard work will bring rewards, but vast numbers now cannot meet their bills even with two or three jobs. More than one in 10 citizens live below the poverty line, and the gap between the haves and have-nots is widening
- Consumers deeper in debt and fresh from their first negative savings rate since the Great Depression show high consumer confidence. It is as if the entire country is on an acid trip or a cocaine trip or whatever it is that lets people create realities for themselves that bear no relation to real reality. - Kenneth Deffeyes of Princeton was a colleague of M. King Hubbert. Using Hubbert's formula that predicted Peak Oil in the U.S., Deffeyes says the world has now Peaked
- A long-predicted tsunami is heading toward the shores of America, a wave of incredible proportions, gathering momentum with each passing day. America has had many, many warnings of how this giant wave would develop, but these warnings have been totally ignored. Very soon our American society will experience an extremely painful awakening to the dark specter of "Peak Oil" as it looms on our horizon and then comes crashing down upon our nation.
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