More data at Polling Report with a series of priority polls reported over a long timeframe. It’s still the economy.
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Filed under: In The News
As an only parent with a struggling small business I’m one of those Americans who’s worried about the economy. In truth, I’ve had concerns about the economy for years now. I’ve watched small businesses like my own struggling under the Bush administration for years and now, the sh*t has truly hit the fan.
I felt that [...]
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Filed under: In The News
With the economy in a tail spin, regardless of what the last vestiges of deniers want to say, Paul Krugman took a look yesterday at the economic proposals of the various candidates on both sides of the aisle. Here’s a few observations from Krugman that I’ve re-interpreted for sake of brevity:
The short McCain: “a candidate [...]
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Filed under: In The News
On Friday, there were new indications “that the spiraling subprime mortgage crisis is spreading from home loans to credit cards, potentially engulfing a far broader segment of Americans.” I thought when I heard the news… Wow… they’re catching on to what we already know around here.
How bad is it? Bad enough for Treasury Secretary Henry M. [...]
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Filed under: In The News
As I noted here early this morning, the media was reporting “Cost of crude oil ends year 57 percent higher.” We’re all feeling the pinch. But that pinch is going to get worse and today, OIL hit $100 a barrel for the first time. Ouch!
Crude oil futures for February delivery hit $100 on the New [...]
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Filed under: In The News
In the news: Cost of crude oil ends year 57 percent higher. And we all feel the pain. Don’t get too comfortable with the prices however, word has it that it’s still on the rise:
Oil prices ended the year near $96 a barrel, or 57 percent higher than where they began, and analysts expect [...]
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Filed under: In The News
There’s news today of a new turn in the housing defaults mess. The L.A. Times reports, If you “thought the mortgage meltdown was just a sub-prime affair”… “Think again.”
There’s another time bomb waiting to explode, experts say: risky loans made to people with good credit.
So-called pay-option adjustable-rate mortgages, or option ARMs, were the easiest and [...]
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Filed under: In The News
The current campaign has paid little attention to the US budget crisis.
“Here’s one way to get a handle on how big the federal debt is. The annual interest we pay on that $9 trillion costs us more than the war in Iraq. Mindboggling, isn’t it? And while getting out of Iraq could [...]
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I love to see nice stories in the news. They seem so rare these days.
And with all the stories about the economy, which our Resident claims is in good shape, the fact that a bank would give employees money and ask them to “pay it foward” is really one of those feel good stories, we [...]
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Filed under: In The News
I swear whenever I hear Bush talking about the economy, I think to myself, this dude is on something. I mean really, like that old anti-drug commercial, “this is your brain, this is your brain on drugs;” I hear Bush speaking about the economy and I think, this is your president, in denial:
President Bush on [...]
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Filed under: In The News
What are banks going to do about the sub-prime mortgage crisis, especially with the holidays right around the corner? What SHOULD they do?
Check out this interesting article by James Mumm, a contributing blogger to the Movement Vision Lab:
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Filed under: In The News
It’s a funny old economy that we live under. Sometimes to find out how it’s working you have to look at disparate reports, and then do a bunch of extrapolating. Here are a couple of stunning little pieces that I ran across yesterday.
The Federal Reserve and other central banks worldwide Wednesday announced a surprise plan [...]
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