Contrarian Economists
By David Whitehead
Economist Nouriel Roubini was dubbed the “prophet of doom” when he tried to warn the financial community they were building a house of cards with the Real Estate market. He wasn’t taken seriously until 2007 when it became clear a massive asset bubble was about to cause catastrophic damage to the global economy. Today, he receives praise for his insights and is the voice Wall Street calls on the most to explain what so many insiders claimed to have missed.
However, Roubini was hardly the only notable economist pointing out that asset bubbles can be identified, tracked … Continue Reading
Blog Editor’s Note: Glenn Beck is labeled a “conspiracy theorist.” However, you can rest assured no one presenting views this extreme on a regular basis could do so from a corporate media platform unless powerful interests want the public at large to get used to these kinds of ideas. So perhaps Beck’s corporate masters are “conspiracy theorists,” or at least pretending to be.
Beck is generally right on target with his key facts. However, he generally points the finger at the undefined “left” as the villain. Let’s just say the real villains are far more diversified than that. So put away … Continue Reading
![chart_interest_debt.03[1]](http://www.businessinsider.us/BusinessInsider/wp-content/uploads/2009/11/chart_interest_debt.0311.gif "chart_interest_debt.03[1]")
Blog Editor’ Note: That’s nearly 5 million million dollars and nearly half the current Federal deficit, which continues to rise at an unprecedented rate. But don’t worry, analysts can still find individual pieces of data that sound optimistic.
Unless lawmakers make big changes, the interest Americans will have to pay to keep the country running over the next decade will reach unheard of levels.
By Jeanne Sahadi
(CNN Money) Here’s a new way to think about the U.S. government’s epic borrowing: More than half of the $9 trillion in debt that Uncle Sam … Continue Reading
Blog Editor’s Note: This piece delivers more exposure than the usual establishment press critique of the current controversy surrounding the Federal Reserve. However, the focus on key economists with Fed connections ignores the fact the identity of the private investors with controlling interests in the Federal Reserve is what they REALLY don’t want you to know. That’s why Fed supporters are open to a little more transparency they can control, but will put their full global financial weight in front of any attempt to conduct a full audit of the organization.
(This Huffington Post) As the debate over an audit of … Continue Reading
House panel investigates
By Richard Simon
(The Los Angeles Times) Reporting from Washington – Hundreds of new jobs in phantom congressional districts. Nearly 500 new teaching slots in a Chicago school district that employs only 290.
As the White House tries to show that its massive stimulus package has created or saved 1 million jobs, media outlets and critics have contended that some of the administration’s numbers are faulty.
On Thursday, a congressional committee tried to sort out the questions: Are the flawed data the result of Democratic spin meant to show that President Obama’s economic policies are working? Or are they … Continue Reading
(The California Chamber of Commerce) The California Chamber of Commerce is urging the 9th Circuit Court of Appeal to reverse a district court ruling that could result in numerous more wage-and-hour lawsuits against California employers.
The CalChamber is arguing that the district court ruling fails to follow the plain language of the law and disregards the long-standing California requirement that exemption determinations be made based on an analysis of employees’ individual job duties.
The CalChamber has joined the U.S. Chamber of Commerce and the Employers Group in filing a friend-of-the-court brief in … Continue Reading
Blog Editor’s Note: If reading this article doesn’t convince you the game is rigged from top to bottom, all I can say is, “enjoy your Kool-Aid.”
By Jim Puzzanghera
(The Los Angeles Times ) For more than 15.4 million people, the Making Work Pay tax credit enacted as part of the $787-billion economic stimulus package could turn out to be a Making You Pay Back tax credit.
That’s the finding of a government watchdog report out today about the credit, which provides as much as $400 for individuals and … Continue Reading
![4C22SGOV.embedded.prod_affiliate.4[1]](http://www.businessinsider.us/BusinessInsider/wp-content/uploads/2009/11/4C22SGOV.embedded.prod_affiliate.41.JPG "4C22SGOV.embedded.prod_affiliate.4[1]")
![Take_Action_web125[1]](http://www.businessinsider.us/BusinessInsider/wp-content/uploads/2009/11/Take_Action_web1251.jpg "Take_Action_web125[1]")
