UK Government Takes over Lloyd's
From The Guardian: Government takes over Lloyds Taxpayer will own up to 77% of banking group after disastrous merger with
Not Enough Cram Down On Mortgages
Congress passed a bill yesterday that would give bankruptcy judges the limited ability to "cram down" or rewrite
IMF Blames Crisis On Lack of Regulation
From the International Monetary Fund, you know, the people who shoved unfettered global profit-seeking down the throats of impoverished
Nation Institute Panel on Crisis Tonight in NYC
Meltdown: The Economic Collapse and a People's Plan for Recovery A Free Panel Discussion Join Joseph Stiglitz, Barbara
Job Bytes, March 6 (Dean Baker)
Hat-tip to reader Panayiotis M. for reminding us about Dean Baker's weekly employment notes, available here (and
Confusion, Tunneling, and Looting
Interesting post from the blog Baseline Scenario. Emerging market crises are marked by an increase in tunneling—i.e., borderline
Blue-Green Insurgency
This is by Carl Davidson, at the excellent website SolidarityEconomy.net. Blue-Green Insurgency Gets Fired Up at the DC
Black Male Jobless Rate: 16.1% in February
From Bob Feldman; includes key excerpts from today's BLS report. Black Male Worker Jobless Rate: 16.1 Percent
Feb. Unemployment tops 8%...
...and December's figure revised, making it the worst reading since 1949. From Reuters: U.S. February payrolls fall
(Untitled)
Via Corbin Hair at The Nation: In this interview with Robert Johnson, the former chief economist for the Senate Banking
Can My Boss Do That?
We received a press release from the good folks at Interfaith Worker Justice in Chicago. They had a conference call
Unemployment (Including Closures and Layoffs)
Two more unemployment items: * The unemployment rate in our fair commonwealth, Massachusetts, went over 7% for the first time in