Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Friday, March 20, 2009
Big Business Fights Against Unionisation, Employee Free Choice Act / Politics / US Politics
By: Mike_Whitney
Big business has launched a no-holds-barred propaganda blitz against the Employee Free Choice Act. Their goal is to scare people into believing that if the bill passes it will trigger higher unemployment and a deeper recession. According to opponents, there's even the threat of creeping socialism. The truth, of course, is far less dramatic. The Employee Free Choice Act or so called "card check" simply makes it easier for unions to organize. Here's a short summary of the bill posted on the Change To Win web site: Read full article... Read full article...
Thursday, March 19, 2009
Bailout Madness, Bonus Bonanza Bingo a Blessing In Disguise / Politics / Credit Crisis Bailouts
By: Mike_Shedlock
The name of the game is "Bonus Bonanza Bingo". The idea is to set the bonus as high as possible without having the masses scream bloody murder or Congress changing the rules. AIG took its turn and failed badly. Now Fannie Mae is at it. Please consider Fannie Is Handing Out Its Own Sizable Retention Payouts .
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Thursday, March 19, 2009
China Sends Obama a Clear Message on U.S. Debt / Politics / US Bonds
By: Money_and_Markets
Tony Sagami writes: What would happen if your boss cut your salary, you had no savings, and none of the banks or credit card companies would lend you any money? You'd be in some deep doo-doo, wouldn't you?
Well … that's exactly the situation the U.S. is potentially staring at if foreign governments decide they don't want to loan us any more money by buying U.S. Treasury and other government-backed bonds.
Read full article... Read full article...
Wednesday, March 18, 2009
Credit Crisis Biggest Victims Get No Bailout / Politics / Credit Crisis 2009
By: Submissions
Amy Goodman writes: Taxpayers' bailout money for AIG bonuses has rightfully provoked a massive backlash against AIG, Wall Street, President Barack Obama and his economic advisers, Treasury Secretary Timothy Geithner and Larry Summers. The U.S. public now owns 80 percent of AIG. The outrage is bipartisan: Iowa Republican Sen. Charles Grassley even suggested that AIG executives "resign or go commit suicide." New York State Attorney General Andrew Cuomo just released details on the bonuses, exposing AIG's ridiculous claim that they are "retention bonuses" aimed at keeping key employees, since 11 of those who received bonuses of $1 million or more are no longer employed by AIG.Read full article... Read full article...
Wednesday, March 18, 2009
Destruction of the Government in Three Easy Steps / Politics / US Politics
By: Submissions
Joe Brewer writes: In eight short years, conservatives have effectively bankrupted many state governments and left the fed in shambles. And now citizens have to "make tough decisions" and share the suffering equally across the land (unless of course, you're part of that lucky 1% who co-opted the functions of government to serve their own ends... they'll be cozy with their offshore bank accounts, golden parachutes, and permanent tax holidays). Read full article... Read full article...
Wednesday, March 18, 2009
Shifting Geopolitics- The Rise of Russia and Turkey / Politics / GeoPolitics
By: STRATFOR
Russian President Dmitri Medvedev reportedly will travel to Turkey in the near future to follow up a recent four-day visit by his Turkish counterpart, Abdullah Gul, to Moscow. The Turks and the Russians certainly have much to discuss. Read full article... Read full article...
Wednesday, March 18, 2009
Systemic Financial Loss- Did You Ever Lose A Close Loved One? / Politics / Financial Crash
By: Michael_T_Bucci
dealing with systemic loss: facing the future and the death of your world - Did you ever lose a very close loved one? A child or a spouse or your closest surviving parent or sibling? Did they die suddenly or slowly. If slowly, did you toss between hope and despair over each stage of their catastrophic illness? Hoping against hope. Despair ever lurking. Signs of recovery one day, then relapse the next. If this did ever happened to you, you would understand the mind and emotions of the masses at this moment. They are facing death: the death of an income, a lifestyle, a home, a society, a system, a world.Read full article... Read full article...
Wednesday, March 18, 2009
The Mantra of Cutting Wasteful Government Spending Against Reality of Stimulus Spending / Politics / Economic Stimulus
By: John_Browne
Last weekend, Ben Bernanke took an unprecedented gamble for a sitting Fed Chairman: he granted a long-form interview to 60 Minutes, America's most watched news program. There can be no doubt that the interview came about as the result of a coordinated strategy between the Obama Administration and the Federal Reserve. But was the decision to offer the public a rare look at the inner workings of the central bank an act of resolution or desperation?Read full article... Read full article...
Wednesday, March 18, 2009
Geithner Yet Another Incompetent U.S. Treasury Appointment / Politics / US Politics
By: Mike_Shedlock
It's clear to everyone that Treasury Secretary Geithner is in over his head and has no idea what he is doing. He should be fired. Instead the administration wants to give him help.Read full article... Read full article...
Wednesday, March 18, 2009
Mark-to-Market Isn't the Problem / Politics / Credit Crisis 2009
By: Mike_Stathis
It seems as if many have been fooled by those supporting the banks. The general argument that has been made is that mark-to-market accounting has been largely responsible for the banking mess since it creates price transparency for assets held on the books daily. Given the problems in real estate, mark-to-market has been particularly harmful to mortgage-backed securities. Therefore, as the argument continues, we should eliminate, suspend or revise mark-to-market rules because the price transparency it offers is not necessarily indicative of asset values. Finally, removing mark-to-market would help rescue the banks. I challenge these views. Read full article... Read full article...
Wednesday, March 18, 2009
AIG Larry Summers and the Politics of CDS Deflection / Politics / Credit Crisis 2009
By: F_William_Engdahl
Finally US authorities have gotten ‘tough' with the predator financial institutions. The world has been waiting for such decisive intervention since an unending series of Government bailouts of financial institutions began early in 2008 amounting to now trillions of taxpayer dollars. Now, with the world's largest insurance giant, AIG, the White House Economic Council chairman, Larry Summers has expressed ‘outrage.' President Obama himself has entered the fray to promise ‘justice.' US Senators have threatened a law to change the injustice. The only problem is they are all exercising ‘politics of deflection,' taking attention away from the real problem, the fraudulent bailout. Read full article... Read full article...
Tuesday, March 17, 2009
Cramer Vs Stewart - The Daily Show Brawl Street Showdown / Politics / Mainstream Media
By: Nadeem_Walayat
The long awaited showdown between comedian Jon Stewart and the bigger Comedian Jim Cramer. Cramer cringes as Stewart refers to them both as snake oil salesmen. Read full article... Read full article...
Tuesday, March 17, 2009
AIG Bailout: The Real Message / Politics / Credit Crisis Bailouts
By: Guy_Lerner
In his letter to Treasury to justify bonuses paid to AIG employees, government appointed chairman Edward M. Liddy states:Read full article... Read full article...
Tuesday, March 17, 2009
Wall Street and London’s Attempt to Destabilize the Euro, EU Banking System / Politics / Euro-Zone
By: Submissions
According to LEAP/E2020, there are only two options left for the G20 leaders who gather next April 2nd in London: either they rebuild a new international monetary system, creating the conditions for a new global system that involves all the main global players, and reducing the crisis to a maximum of 3 to 5 years; or they strive to prolong the current system, thrusting the world into a decade long tragic crisis starting at the end of 2009.
Tuesday, March 17, 2009
Robert Prechter on the Financial Crisis 30 Minute Video / Politics / Credit Crisis 2008
By: EWI
I want to share with you a FREE 30-minute video that might just change the way you think about government's response to the unfolding financial crisis. Please learn more below or get access to the video now . Read full article... Read full article...
Tuesday, March 17, 2009
Shadow Fed Agencies Threaten Solvency of U.S. Banking System / Politics / Credit Crisis 2009
By: Money_Morning
Shah Gilani writes And it's the next potential hot spot in the ongoing financial crisis. But few outside the Federal Home Loan Bank system, the Federal Deposit Insurance Corp . (FDIC) the U.S. Federal Reserve and the U.S. Treasury Department are remotely aware of the problems that are smoldering. Read full article... Read full article...
Tuesday, March 17, 2009
The Financial Sector: "A House Burning Down" / Politics / Credit Crisis 2009
By: Global_Research
Ben Bernanke’s False Analogy - Prof. Michael Hudson writes: On the March 15 CBS show "60 Minutes", Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by President Obama in his quasi-State of the Union Speech. He likened the financial sector to a house burning down – fair enough, as it is destroying property values, leading to foreclosures, abandonments, stripping (for copper wire and anything else recoverable) and certainly a devastation of value. The problem with this analogy was just where this building was situated, and its relationship to "other houses" ( e.g ., the rest of the economy). Read full article... Read full article...
Tuesday, March 17, 2009
The Federal Reserve is Bankrupt / Politics / Central Banks
By: Global_Research
How Did It Happen and What are the Ugly Consequences?
Matthias Chang writes: The Federal Reserve is bankrupt for all intents and purposes. The same goes for the Bank of England! This article will focus largely on the Fed, because the Fed is the "financial land-mine".
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Tuesday, March 17, 2009
Bernanke's TALF Witness Protection Program / Politics / Credit Crisis Bailouts
By: Mike_Whitney
Fed chief Ben Bernanke's new funding facility is a real doozy. In fact, if the Term Asset-Backed Loan Facility or TALF, which is set to launch on Thursday, doesn't convince the American people that it's time to take a wrecking ball to the Central Bank and start over, than nothing will. Bernanke and his co-conspirator at Treasury, Timothy Geithner, are planning to revive the shadow banking system by dumping $2 trillion into the same over-leveraged, derivatives-based garbage that blew up the financial system in the first place. All the blabbering about a "good bank-bad bank" remedy appears to have been a diversion. This is how Bloomberg sums it up: Read full article... Read full article...
Monday, March 16, 2009
Jon Stewart & Jim Cramer's Staged Theatrics / Politics / Mainstream Media
By: Mike_Stathis
I won't go into any type colorful description of the “showdown” between Jon Stewart and CNBC's Kim Cramer. If you're reading this you already know about it. What I want to talk about is the fact that this “highly anticipated showdown” was staged. In fact, it was the media that made it “highly anticipated.” It was the Hollywood theatrics used by the producers of both shows that made it a “showdown.” And chances are you feel for it.Read full article... Read full article...
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