Wall Street’s Bailout Hustle : Rolling Stone
God bless MATT TAIBBI. He got it right again!
This is the most important issue in America right now and the only magazine to deal with it right is Rolling Stone?
Goldman Sachs and other big banks aren't just pocketing the trillions we gave them to rescue the economy - they're re-creating the conditions for another crash.
I have to admit, I do have a soft spot for Jann Wenner.
Incidentally, America's ruling class should be hopping mad they're getting fleeced by this corrupt executive compensation system. The bankers run their businesses into the ground because their bonuses are based on year-on-year performance.
That is to say, the easiest way for me to double profits from one year to the next is to crash the company first. Then I can do a mediocre job and look like a rockstar.
Los Angeles is one of the most difficult places for job seekers in the U.S. | Money & Company | Los Angeles Times
Global market turmoil hints that U.S. recovery may founder | McClatchy
Awww, man.
Conflicting U.S. jobs data and mounting concerns about debt defaults abroad that threaten global economic growth triggered a worldwide wave of stock-market volatility Friday amid fears that the improving U.S. economy could unravel.
A mixed jobs report from the Labor Department, including a revision that showed that 2009 job losses were far greater than thought, called into question the strength of the U.S. recovery.
via Global market turmoil hints that U.S. recovery may founder | McClatchy.
Secret Banking Cabal Emerges From AIG Shadows
Hot potato!
If you don't stop reading out of anger, this is actually a very good synopsis of what's gone down -- in broad strokes -- and why you're going to want to pick up one of these.
Seriously, that this comes out late on a Friday should only reinforce the significance of this revelation. Crazy damaging news that must be revealed is always done at the start of a weekend or holiday (if possible). It wouldn't surprise me if they'd hoped for this to come out at the start of the Washington's Birthday three-day weekend.
In fact, we ought to watch out for more damaging information to show up right around then.
The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.
I remember reading about stuff like this back in the 90s; it was all fringe stuff back then. Not so much, any more.
via Secret Banking Cabal Emerges From AIG Shadows: David Reilly - Bloomberg.com.
The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com
As a recent Congressional Budget Office report put it, “Recessions often accelerate the demise or shrinkage of less efficient and less profitable firms, especially those in declining industries and sectors.”
via The Growing Underclass: Jobs Gone Forever - Economix Blog - NYTimes.com.
Michael Geist – ACTA Guide, Part Five: Speaking Out
The 7th round of ACTA negotiations will conclude around lunch time today in Mexico. If past meetings are any indication, a few hours later the participating countries will issue a bland statement thanking the host Mexican government, discussing the progress on civil enforcement, border measures, and the Internet as well as noting the transparency discussions and the continued desire to address the issue. The release will then conclude by looking forward to the next meeting in Wellington, New Zealand in April.
Oregonians Vote to Raise Taxes on Rich, Corporations
Too bad it can't happen here.
Oregon voters bucked decades of anti-tax and anti-Salem sentiment Tuesday, raising taxes on corporations and the wealthy to prevent further erosion of public schools and other state services.
The tax measures passed easily, with late returns showing a 54 percent to 46 percent ratio. Measure 66 raises taxes on households with taxable income above $250,000, and Measure 67 sets higher minimum taxes on corporations and increases the tax rate on upper-level profits.
Watch as this story gets zero attention in the mass media. This is the first I'd even heard of the ballot measures, and I'm a pretty well-informed guy.
via Oregon voters pass tax increasing measures by big margin | Politics & Elections - - Oregonlive.com.
Old Spruce Goose hangar is for sale — latimes.com
The hangar is visible on the right. Doesn't seem big enough, really.
Old Spruce Goose hangar is for sale -- latimes.com.
AppleInsider | Piper: Apple’s next big iPhone feature is likely Verizon
Well, there you go. Apple's next big iPhone feature is likely Verizon.
So much for the "But GSM sucks here" argument. I thought Apple was tied to AT&T until 2011.
Shorting T anyone?
