Work Until You’re Dead? That May Be the Only Option for Many Americans
Jane White Huffington Post Many Americans are likely to have to work until they are dead, not as a result of Social Security shortfalls but…
Economy
The Impact of Fiat Money as the World’s Reserve Currency
David Redick Activist Post The creation of fiat official government money has had a profound effect in history and on our nation and the world…
International backing grows for ‘Robin Hood tax’ on banks
EU ministers edge closer to financial transaction levy amid signs that International Monetary Fund is softening opposition to ‘Robin Hood tax’ Larry Elliot — London Guardian…
Labor in America Does Not Pay
Sartre BATR Working used to be a proud expression of manhood. Since the days of “Rosie the Riveter”, mothers and daughters joined the work force…
No defence left against double-dip recession, says Nouriel Roubini
The United States, Japan and large parts of Europe have exhausted their policy arsenal, leaving them defenceless against a double-dip recession as recovery slows to…
The true cost of the Iraq war: $3 trillion and beyond
Source: Deviant Art Joseph E. Stiglitz and Linda J. Bilmes Washington Post Writing in these pages in early 2008, we put the total cost to…
Reality Economics
Truman Show Llewellyn H. Rockwell, Jr. Lew Rockwell As a culture, we like our reality on television, but seem to oppose it in economics. For…
Heavy in dollars, China warns of depreciation
Zhou Xin and Simon Rabinovitch Reuters China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in…
EU austerity policies risk civil war in Greece, warns top German economist
Greece’s austerity measures cannot prevent default and will lead to a breakdown of the political order if continued for long, a leading German economist has…
Will Americans Pay to Bailout Yet Another Foreign Bank … in Afghanistan?
Washington’s Blog As I have repeatedly pointed out, American taxpayers have been bailing out foreign banks for years. For example, I noted in May: As the Wall…
Bernanke: Shut Down Banks if They Threaten System
Marcy Gordon Associated Press WASHINGTON — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter…
Experts See Trouble Ahead For Developed World
Dan Perry Associated Press CERNOBBIO, Italy — Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity…
State-Owned Banks as a Way to Rebuild the Housing and Real Estate Markets
Bruce B. Cahan Stanford University The financial literacy of America has improved markedly, nearly to college level, as a result of the global recession that…
The Economy is the Number on Your Paycheck, Not the Stock Market’s Ups and Downs
The stock market has as much to do with the real economy as the weather has to do with geology. Robert Reich Alternet What passes…