Monday, June 11, 2012
Citibank won't take Minneapolis mom's mortgage payments; home to be auctioned Wednesday

By Gaius Publius on 6/11/2012 03:40:00 PM

Some stories just write themselves, and this is one I wish hadn't made my job easier.

The headline tells the tale. The wrinkle is that the homeowner's son is an Occupy Homes Minnesota activist. ( Read more... )

Note: This is relevant to this Comm because American military power effects American global economic power...which should be obvious.

( Can a debt-ridden U.S. still afford to pick up the cheque? )

From AlterNet
By Tara Lohan, AlterNet
Posted on May 21, 2012

As our political system sputters, a wave of innovative thinking and bold experimentation is quietly sweeping away outmoded economic models. In New Economic Visions, a special five-part AlterNet series edited by economics editor Lynn Parramore in partnership with political economist Gar ( Read more... )

By Charlie Stross ( Read more... )

“Oddly, I spent last night at a party talking to a young woman from China who believes that her country is on the brink of major civil unrest” Laurie Penny Tweeted this a few days ago. I Tweeted back that I'd been saying this for more than a year now and getting dismissed. I then resolved to say something about what I call The Three Chinas Paradigm ( Read more... )

http://www.americablog.com/2011/10/gallup-ceo-theres-potentially.html
By Gaius Publius on 10/04/2011 01:15:00 PM

Thanks to the always informative econ writer masaccio, we find this, from James Clifton, the chairman and CEO of Gallup (the polling ( Read more... )

"I distinctly recall the Chilean coup of September 11, 1973 very clearly. I was attending a graduate economics course at Harvard University that was taught by a protégé of the University of Chicago’s Professor Milton Friedman. One of my fellow students was Sebastian Pinera, a member of one of Chile’s oldest families, a future billionaire owner ( Read more... )

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... )

..via Penny RedTuesday, 9 August 2011 ( Read more... )

by Gaius Publius on 8/25/2011 08:21:00 PM

That's an amazing stat - again, $2 of every $3 gained between the last two crashes went to the upper 1% of the country.

Not the upper 10%; the upper 1%. (2002 is the bottom of the tech crash; 2007 is just pre-the bank crash.)

Another bad stat - In 1967, 97% of prime age men with only HS ( Read more... )