This series of stories -- a trip through the epicenters of the American recession -- from Reuters is actually pretty good, once you cut through the journamalism. (Click the map for each story in the series.)
Well, let's hope the celebrities who put all their money into Dubai World don't lose it all, or, worse, thinking they'll lose it all, spark a panic. It's certainly our duty to prevent that. (One imagines the calls: "Don't you know who I am?") Felix Salmon has a nice post, with a chart, and makes this point: Read more about Black Friday (2)
I hate the very term "Black Friday," since it's one of those "traditions" of unknown origin doubtless invented by marketing weasels to encroach on Thanksgiving, which has remained resolutely non-monetized, or at least non-commercial, certainly compared to Xmas, Halloween, Valentine's Day, Mother's Day, Father's Day, Money Day.... Read more about Black Friday (1)
Inspired by Susie, here's another "LP" we were listening to at about the same time as "Alice's Restaurant." Read more about Stan Freberg: Why the Thanksgiving Turkey (and the United States of America)
[T]he Fed expects unemployment to come down only very gradually — over 9 percent at the end of 2010, over 8 percent at the end of 2011, around 7 percent at the end of 2012. Inflation, meanwhile is expected to remain consistently below the Fed’s target.
Disastrously high unemployment, persisting years into the future, combined with inflation consistently below the Fed’s 2 percent target (and I’d argue both that the prediction is too high and that the target is too low).
Since Obama and the rest of Versailles seem to be gearing up for gutting Social Security by cutting the weaker trust fund out of the pack.
Anybody got reliable, that is, not FKDP, access blog, or Republican, information on this?
And now, RL calls. Really! Enjoy the day... Read more about What's the reality on the Medicare Trust Fund?
My favorite holiday -- notice how there's never any Thanksgiving muzak? No marching bands or flags? No drooling suits performing market segmentation on the unwitting populace? Just lots and lots of wine and root vegetables and dessert and passing of dishes and plates. And, of course, the tryptophans.
WASHINGTON — Americans could pay billions of dollars more in new taxes for a few years before they're likely to see significant change in the nation's health care system under legislation that Congress is considering.
Some analysts said that's not necessarily bad. Delaying major health care changes until at least 2013, as the pending Senate and House of Representatives bills would do, would give the government sufficient money and time to get things right.
You mean save the country $400 billion a year by implementing single payer after all?
You Are Losing Me, Kossacks
I found your hard work so inspiring. I found your continual contributions so encouraging. I also saw that you were getting wrapped up in rhetoric and ideas and not paying attention to the facts.
Still, I have stood back and watched as you have taken every opportunity to attack a President for behaving in the ways he told us he would behave as our [sic] candidate. ...