How class differences perpetuate themselves
From Zero Hedge, the chart shows the difference in unemployment between those with less than a high school education (13.3%) and college graduates (4.3%).
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Category recession
Perkipantied? I got your antiperk right here
(Note: Sue has dubbed me Mr. Perkypants over my optimism that the current financial crisis will lessen by 2010 – Bob) New trend … ghost ships. Housing keeps going down and is not anywhere near the bottom. Geithner plan will…
Who do you trust on the economy?
The video above comes from a Mother Jones fundraiser held recently out on the west coast. You can view the rest here, but this one in particular got me thinking about which sources I actually trust for economic news. Turns…
Mortgage reset spike coming
The vast bulk of mortgage resets lie ahead of, not behind us. This reset profile is of great concern, because the majority of resets are still ahead. Moreover, the mortgages to which these resets will apply are primarily those originated…
Iceland. How to blow up a country.
Michael Lewis on the collapse of Iceland Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted…