"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Moody’s is about to downgrade as much as $300 bn in commercial mortgage backed securities. This will force many entities that hold them to sell, as they are not permitted to own lower-rated securities. Plus, everyone will have to write-down…
Prices were down 20-30% in 4th quarter 2008 for high end Los Angeles homes. The same thing happened here in San Francisco. People thought high end property was safe. It wasn’t, it just took longer to start to fall, that’s…
The United Nations’ crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday. So, let’s see if…
Economist Doug Henwood writes about on the current economic crisis and what, if anything, the left can do out it in Gloomy, w/ a 15% chance of depression He runs Left Business Observer, a left / socialist newsletter and listserv,…
This comes as no surprise. Their economy is in tatters and protests have been increasing both in numbers and intensity. At a rally Monday outside Parliament, protester Svginn Rumar Hauksson said demonstrations won’t end yet. “The protests will continue until…