We Need a Care Package!
We've built an economy that depends on unpaid and underpaid care, but penalizes the people who provide it.
Latest news (Page 164)
Billionaires and the 'Great Recession'
From Bob Feldman: Should 'Great Recession' Burden Be Borne By U.S. Billionaires? As more layoffs of U.
The Worst Is Far from Over (Meredith Whitney)
This FT.com interview with Oppenheimer's analyst is well worth listening to. Some of Whitney's observations
Some (Belated) Thoughts on Obama's Victory
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
D&S Piece on Historic Events since September
We just posted a rather long piece on the impressive string of historic events that have taken place in the
The G-20 Communique
This meeting, which President-elect Obama has said he won't attend anyway, has been pushed in some circles (even
Biggest Rise in Joblessness since WWII
Or so Goldman Sachs seem to believe. Note expectations of a rate cut to .5% by the Fed in December.
GM Shares Plummet On Analyst Report
A Deutsche Bank analyst forecast that GM's shares would soon be valued at $0 sent the car company&
Synthetic CDOs and Merrill's Fall
A fine piece by Gretchen Morgenson in the International Herald Tribune (as part of a series entitled "The Reckoning&
How Far Will Deleveraging Go?
From Wall Street Journal (November the 8th); via Yves Smith Wall Street Journal Opinion November 8, 2008 How Far Will
Lame-Duck Administration Still Has Priorities
From the Washington Post : A Quiet Windfall For U.S. Banks With Attention on Bailout Debate, Treasury Made Change to
Words Can't Describe How Wacky This Is
There's an absolutely devastating critique of corporate-led globalization hidden (only a little) in this story somewhere. From today&
$600 Billion Plan: Not Enough to Sustain Rally
Despite a stimulus plan of historic scale, the announcement of China's $600 billion program, though sufficient to fuel