China may switch to currency basket for forex rate
Market Watch A top Chinese central bank official suggested switching away from the U.S. dollar as a benchmark for the yuan’s foreign-exchange rate, switching instead…
Economy
Shadow Elite: Selling Out Uncle Sam & Outsourcing American Power
Janine R. Wendel Huffington Post It’s one of those ideas that might seem sensible at first-glance: retired military officers hired to serve as “senior mentors”…
Another Senate Charade: Financial Reform Rigged
Matt Taibbi Rolling Stone This note comes courtesy of my friend David Sirota out in Colorado. This is a classic example of how the Senate…
Gold Coin Sellers Angered by New Tax Law
Rich Blake ABC News Those already outraged by the president’s health care legislation now have a new bone of contention — a scarcely noticed tack-on…
Celente Releases Dismal Forecast: The CRASH of 2010 is Coming
Rense.com KINGSTON, NY – 2010 has thundered past the half way mark and is galloping into history. What will the rest of the year hold?…
VIDEO: Newark Budget Cuts — No More Toilet Paper
My Fox NY Things are getting so bad in Newark that the mayor has ordered the government to stop buying toilet paper. It’s part of…
Bank Bailout Reaches $3.7 Trillion
David Lawder Reuters WASHINGTON, July 21 (Reuters) – Increased housing commitments swelled U.S. taxpayers’ total support for the financial system by $700 billion in the…
Will the jobs ever return?
Activist Post I’m sure everyone within an eyeshot of this article knows at least one person with a master’s degree who has been out of…
Bernanke to Congress: The Economy Needs You to Keep Spending
Shahien Nasiripour Huffington Post Federal Reserve Chairman Ben Bernanke reiterated Wednesday his belief that Congress should continue to prop up the sputtering economy, casting aside…
The Scariest Unemployment Chart I’ve Seen Yet
Derek Thompson The Atlantic The median duration of unemployment is higher today than any time in the last 50 years. That’s an understatement. It is…
Unless You’re a Shill for Banks and Big Business, The Washington Elites Will Call You Controversial
David Sirota Alternet Tim Geithner and Chris Dodd’s opposition to Elizabeth Warren stems from the fact that she wasn’t a puppet for big banks. Over…
Competing Currency Being Accepted in Michigan
Dan Armstrong Connect Mid-Michigan New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency. Right…
Banksters Revealed Again
Dylan Ratigan Huffington Post Doc Holliday said, “My hypocrisy knows no bounds” in the movie Tombstone. The same apparently is true for our current crop of Bankster Politicians,…
Money Laundering and the Global Drug Trade Fueled by Capitalist Elites
Tom Burghardt Global Research When investigative journalist Daniel Hopsicker broke the story four years ago that a DC-9 (N900SA) “registered to a company which once used as…