The title of this post could just have easily been “Study Supports What we Already Know,” but that was probably a little too vague. Of course austerity breeds social unrest, that’s a bit like saying smoking cigarettes often leads to lung cancer. Perhaps it’s to be expected that researchers take a bit longer, in this case almost a century, to demonstrate what common sense already leads one to believe.
[Read more...]Dominique Strauss-Kahn From IMF to Rikers Island, Perhaps an Input Upgrade
August 11, 2011 By Leave a Comment
While he’s not due back in court until August 23rd, the trial surrounding former International Monetary Fund (IMF) chief, Dominique Strauss-Kahn — who is charged with sexual assaulting a hotel maid — has become a circus, as would be expected.
The maid in the case, Nafissatou Diallo, who was working at the Sofitel New York Hotel at the time of the incident and is originally from Guinea, has recently gone public with her accusation.
[Read more...]The (Infrastructure) Bank That “Abandons the Bought Congress”
August 11, 2011 By Leave a Comment
Dylan Ratigan, formerly host of CNBC’s Fast Money and now host of MSNBC’s The Dylan Ratigan Show, created quite the spectacle yesterday… freaking out in a surreal, but sublime, fashion about the failures of the president and Congress. In a tirade where he refers to “10s of billions of dollars being extracted from the USA… an integrated entire system, financial system, trading system, taxing system… created by both parties over a period of two decades at work on the entire country.”
[Read more...]There Is No Recovery… It’s All Been Just More Debt
August 10, 2011 By Leave a Comment
There’s plenty for DR readers to disagree with in this newly-released video from the Post Carbon Institute which examines whether or not we’ve entered a “new economic reality.” It’s especially timely given current swings in financial markets… including this morning’s 400-point free fall in the Dow (so far)… and the ongoing correction in the economy.
[Read more...]Zakaria: US Policy is Sad Mixture of Political Payoffs and Ideological Positioning
August 9, 2011 By Leave a Comment
With the number of of government officials… and at least one mega-billionaire… taking potshots at Standard and Poor’s over the US debt downgrade, it’s appealing to hear a few more voices emerging and willing to recognize the ongoing debt debacle for what it is, and even at the expense of perhaps somehow not sounding patriotic.
[Read more...]Reformed Broker’s True/False on Wall Street After Downgrade
August 8, 2011 By Leave a Comment
After another 630-plus nosedive of a day for the Dow – the major market indices’ most negative day since 2008′s financial crisis — it was refreshing to see a dose of levelheadedness over at The Reformed Broker.
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See Mainstream Media Ridiculed for Refusing to Acknowledge Ron Paul
In case you’ve somehow missed it – which is easy enough to do given the explicit lack of coverage — Dr. Ron Paul’s (R-TX) second-place finish at the Ames Straw Poll seems to have been practically blacked out by mainstream media. At least Jon Stewart bothers to take great comedic pleasure in calling reporters to task for ignoring his candidacy.
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