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EconomicCrisis
Greenspan and the Economic Blame Game
By Joseph Schuman - AOL News(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic during the period leading up to the crisis has emerged as one of the most vociferous participants in both parts of that debate. J. Scott Applewhite, AP Alan Greenspan, former chairman of the Federal Reserve, testifies Wednesday on Capitol Hill. Alan Greenspan, who was ...
Chaos Theory - Obama's State of the Jungian
By Robert and Donna Trussell - Politics Daily...
Opinion: The Crisis That Went to Waste
By not in system - AOL News(Jan. 26) – "You never want a serious crisis to go to waste." That's what White House Chief of Staff Rahm Emanuel said in November 2008 to justify the incoming administration's bold policy proposals including, especially, health care reform. In one sense, Emanuel was right. Generally speaking, in times of crisis the populace is more willing to accept, and in many cases demand, larger-than-normal reforms. But he missed one important caveat, which helps explain the apparent demise of President Obama's health care reform effort, the ongoing trouble he's had with other top items on his ...
Opinion: The Way Forward on the Economy
By not in system - AOL News(Jan. 25) – In his new book, "Freefall: America, Free Markets and the Sinking of the World Economy," Nobel Prize-winning economist Joseph E. Stiglitz takes to task the banks, their regulators, and the Bush and Obama administrations for failing to see the financial crisis coming, and then doing too little to avert it. Several steps could be taken to help our ailing financial system – and the people it affects – if the powers decide to do so. In an excerpt from his book, Professor Stiglitz explains what those should be and how they would help. Dan Deitch Economist and author ...
Chaos Theory - Banksters Gotta Eat Too
By Robert and Donna Trussell - Politics Daily...
Recovery Not as Strong as Previously Thought
By not in system - AOL NewsWASHINGTON (Dec. 22) -- The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. But all signs suggest the economy will end the year on stronger footing. The Commerce Department's new reading on gross domestic product for the July-to-September quarter was slower than the 2.8 percent growth rate estimated a month ago. Economists had predicted this figure would remain the same in the final estimate of the quarter's GDP - the value of all goods and services produced in the United States. The main factors behind the downgrade ...
Opinion: Five Steps to Cut the National Debt
By not in system - AOL News(Dec. 10) -- Earlier this week, lawmakers confirmed that they will increase the national debt ceiling by as much as $1.8 trillion – raising it to more than $13 trillion – so the federal government can keep borrowing to cover its huge deficit. As daunting as those numbers are, Congress has no choice. Fail to raise the debt limit and the government would default on its debt, sparking an immediate financial and economic crisis far worse than the one we just experienced. But raising the debt ceiling only postpones that crisis. And if lawmakers want to avoid it, they have to get ...
Opinion: Want to Create 4.6 Million Jobs? Here's How
By not in system - AOL News(Dec. 2) - If any consensus emerges from Thursday's White House summit on jobs, it should be this: Let's deal with unemployment first and the deficit second. I know what you're thinking: We bailed out the banks, the automakers and American International Group. We passed a $787 billion recovery act earlier this year. The budget deficit for 2009 exceeds $1 trillion. How can deficit reduction not be Job No. 1? There are two reasons. First, this jobs crisis -- the worst one since the Great Depression -- is an unmitigated disaster for the nearly 16 million Americans who are out of work and their ...
Macho, Macho State: Iran's New Foreign Policy Objective
By Ria Misra - Politics DailySo, you're a politically tumultuous state fresh off of an election with widespread allegations of fraud and torture; you're building an internationally frowned-upon nuclear program; and you're on the eve of your first multinational talks, which might result in economically crippling sanctions against you. What do you do? Well, if you're Iran, you orchestrate a series of test-missile launches and start loudly issuing a public list of things you refuse to talk about. ...
In Economic Downturn, Cut Costs, Not Values
By Linda Kulman - Politics DailyGiven the discussions about cost savings that my husband and I have had around our dining table and the budget-slashing measures I've seen in the office where I sometimes work, it's easy to picture similar talks in college and university boardrooms across the country, a story reported by the New York Times last week. ...
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