Archive for May, 2007
Tuesday, May 29th, 2007
Another Shocking Report
The more you watch (the news) the less you know as Danny Schechter puts it. Business as usual.
May 2007: The housing market has softened much more than is being reported. We have been advising our retainer clients for more than one year about misleading national sales information, both with the Existing Home Sales and New […]
1 Comment » - Posted in News by Sharon Kayser
Tuesday, May 29th, 2007
The U.S Is #1
By Danny Schechter
“First in External Debt:. The United States owes $10.040 trillion, nearly a quarter of the global debt total of $44 trillion. First in Military Expenditures …”etc. Just wanted to you to know
WHOSE HURTING MOST?
Douglas Craver: “Nearly all additional wealth created in the USA since 1989 has gone to people 55 and older, according […]
3 Comments » - Posted in News by Sharon Kayser
Sunday, May 20th, 2007
We Owe God A Debt By Danny Schechter
The good news this week is that the press is finally waking up to the seriousness of the debt crunch. The story is moving from the business pages to the front pages, although it is still being treated as a consumer and financial story when it should be covered as a CRIME story.
The Governor […]
3 Comments » - Posted in News by Sharon Kayser
Saturday, May 19th, 2007
Inside The (Hellish) Poverty Business
Here are several excerpts of the latest Business Week Magazin’s cover story (May 19, 2007)
Federal Reserve data show that in relative terms, that debt is getting more expensive. In 1989 households earning $30,000 or less a year paid an average annual interest rate on auto loans that was 16.8% higher than what households earning […]
3 Comments » - Posted in News by Sharon Kayser
Friday, May 18th, 2007
Remembering The Titanic
This is coming from the Chairman’s own mouth:
05/18-times.uk: Ben Bernanke, the Chairman of the US Federal Reserve, has become the most prominent critic of the banking industry’s appetite for financing highly leveraged private equity deals. Mr Bernanke gave warning yesterday that piling so much debt into some deals posed “significant risks”, particularly if the US […]
1 Comment » - Posted in News by Sharon Kayser
Monday, May 14th, 2007
The Lure Of Luxury Catching Up
These days when you tell the people around you about what is about to happen in the financial markets, most of them would brand you easily as a delusional propagandist with the Dow running beyond the 13,000 benchmark. If this were true, then there are plenty of them out there!
(05/09/moneycentral) Middle class living on the edge. A Democrat-funded […]
3 Comments » - Posted in News by Sharon Kayser
Thursday, May 10th, 2007
A Cross-Country Blame Game
Here is the user guide for blowing bubbles published by the NYTimes May 8, 2007:
… What used to be a profitable partnership between subprime lenders and Wall Street banks has now degenerated into a cross-country blame game.
Lenders in California say big investment banks encouraged and pushed them to make risky loans. On Wall Street, bank […]
No Comments » - Posted in News by Sharon Kayser
Thursday, May 10th, 2007
The Whistle-Blower, Congress and the Student Loan Scam
This was published two-three days ago in the NYTimes. Fasten your seat belts, this will take you aback.
Congress and the Student Loan Scam - May 8, 2007 -
Republicans in Congress have generally defended corporate welfare for companies involved in the student loan business: lenders that collect billions of dollars in federal subsidies in return for […]
No Comments » - Posted in News by Sharon Kayser
Tuesday, May 1st, 2007
Is It Too Late To Get Out?
US Housing Bubble Meltdown: “Is it too late to get out”? asks the headline of an article written by Mike Whitney last Apr 28, 2007
As long as money floods the economy, everything is fine. But it now seems that faucet has started dripping…
Liu adds, “Since the money financing this housing bubble is sourced globally, a bursting of the […]
No Comments » - Posted in News by Sharon Kayser
Tuesday, May 1st, 2007
Debt And Mental Health
The Role of Psychiatrists
Chris Fitch, Robert Chaplin, Colin Trend and Sharon
Collard
Chris Fitch is a research fellow at the Royal College
of Psychiatrists’ Research and Training Unit (CRTU).
He is a sociologist with an interest in finance and
mental health, and the challenges of living with a
mental health problem in the community. Robert Chaplin
is a research fellow at the […]
