Discerning between racism and capitalism.
A new book says that there has been an organized political warfare to protect the interests of corporations and the wealthy, which has largely caused problems for the middle and lower classes.
(Wall Street Journal) — Inflation or deflation? Pick your poison, says Wall Street. Either Uncle Sam’s borrowing binge will flood the system with money, leading to a replay of the 1970s as inflation eats away at your purchasing power. Or all that debt and the liquidation of distressed financial assets will paralyze the economy and send […]
(Technorati) — Thursday, the U.S. Census Bureau will issue a report on the 2009 poverty level and demographers expect the figure to rise from 13.2% to 15% which equates to 45 million people. This would be the largest year-over-year increase since the Census Bureau started keeping track in 1959. Among working adults aged 18-64 the figure […]
(The Grio) — The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama’s watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty. Census figures for 2009 — the recession-ravaged first year of the Democrat’s presidency — are to […]
The economy is in the dumps; the goal at this point is to stave off the double-dip.
Is Black American nation formation a viable alternative? What difficulties are likely to be encountered during such an effort?
(Forbes) — The trade deficit peaked at 6% of gross domestic product in 2006. It fell during the recent recession to about 3% of GDP. While this decline has quieted those who support protectionism, and allowed the Obama administration to declare that there are no countries manipulating currency values, protectionism is never far from the […]
The recession has completely undercut opportunities but not hope.
Is it a post patriotic reaction to the Fourth of July or is the market so oversold investors are sifting through the ashes to find opportunities?
(Businessweek) — It’s often said that stock investors, eager for gains, see the glass as half full, while bond investors, careful about losses, see the glass as half empty. Now, however, their views are so different that you might wonder if they’re peering at the same glass. Many investors have withdrawn money from the stock […]
(New York Times) — Should nations embrace austerity to atone for their past sins of overspending, or will such behavior plunge the world into another Great Depression? We have little hard evidence on whether the benefit of stimulus spending covers its costs, but ignorance doesn’t make the case for inaction. A better approach is to limit […]