By David DeGraw, Amped Status
Posted on September 18, 2011
Via Alternet

( Downward mobility, homelessness spreading to the middle class, 200,000 public employees laid off? Here are some frightening trends to keep an eye on. )

http://grinding.be/2011/09/12/uk-riots-and-the-f-word/

"If the young are not initiated in to the village, they will burn it down just to feel its warmth." ~African ProverbThis vernacular video documentary does an almost perfect job sketching out the complexity of ( Read more... )

According to Krugman:

What’s also true, however, is that China has stumbled into a monetary muddle that’s getting worse with each passing month. Furthermore, the Chinese government’s response to the problem - with policy seemingly paralyzed by deference to special interests, lack of intellectual clarity and a resort to blame games - belies any ( Read more... )

by Gaius Publius on 11/10/2010 03:58:00 PM



Thanks to Paul Krugman for pointing us to this article in the New York Times, which details the Deficit Commission proposal. There's enough confusion sewn into the proposal (oh look, bright shiny cuts to the military budget!) to make your head spin.

The obfuscation about Social ( Read more... )

( As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974. )

March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

The grim details with the grim numbers

( Read more... )