Tanking Economy Generating Worldwide Violence, Drug Abuse (2 comments)
Around the world, law enforcement officials and sociologists are closely watching the current economy-driven rise in crime. Domestic violence, robbery, theft and murder are rising, as people fail to cope with job loss, repossession and uncertainty.
Welcome to Bailout 2.0: Are We Still Looking at Financial Catastrophe? (1 comments)
If the banks really have no clue as to what their exposure is; if they don't know exactly how many bad debts they hold, how can we even contemplate bailing them out, when we don't know what we are bailing them out of, what the bill is, or if we have the money to effect a realistic bailout?
Saturday, February 14, 2009
Birth of a Financial Engineer: Who Creates Weapons of Financial Destruction? (14 comments)
With some of these exotic derivatives, computer models generate the only valuation that exists. No "real world" value exists, because, these products are valued on the fly, and some haven't been valued, even though they are part of "credit default swaps" which have been bundled and sold worldwide. Who puts a value on these financial instruments?
Sunday, February 8, 2009
Are Food Processors Gaming the System with Lab Shopping? (1 comments)
We need to open our eyes and look at our real vulnerabilities. One careless or directed Typhoid Mary in our food production industry is just as dangerous as the terrorist that our "shoe police" are trying to keep out of the country. Congress needs to put teeth, personnel and passion into our food safety network.
Saturday, February 7, 2009
Is SEC ideology or structure at the root of the regulation fiasco? (1 comments)
The catastrophic meltdown that we are currently experiencing was fueled by crony capitalism in Congress, the banks, brokerage houses and regulatory agencies. Congress lit the match and the whole thing went up in flames, which now threatens economies worldwide. The question of the day is: what's going to be left when the fire burns out?
Monday, February 2, 2009
Europe riots, food prices rise and jobs disappear: what's next for the US? (9 comments)
Europe is already seeing unrest, and many European leaders are worried about the fallout from the high energy prices and skyrocketing food prices. France's Minister of Finance said as much to the BBC, noting that the world's leadership needs to send a reassuring message to their citizens.
Tuesday, January 27, 2009
The Looming Food Crisis (5 comments)
If Food Stamps, soup kitchens and food pantries are inadequate to provide food security to the nation's poor, unemployed and destitute, then we must come up with another model for food security.
Breaking ranks in Bushland-officials publically disagreeing on policy
As Congress wimped out and sailed into pirate waters with the latest financial Trojan horse, economic terrorists have finally unleashed a weapon of economic distraction worthy of Machiavelli at his finest. Our Mayberry Machiavellis are doing their very best to walk off with the store, while the nation's bank regulators dance around this bonfire and pay homage to the gods of financial chaos.
Political profiting from disaster capitalism: Campaign 08 (7 comments)
Today's political candidates are trying to out do each other on how tough they would get on the financial industry, but the fact remains: anything "to be done" is merely closing the barn door after the fat cats have made out like bandits.
Monday, September 8, 2008
Heating, eating or sleeping: pick one (3 comments)
This is the beginning of an American fiscal revolution. Life as our parents knew it may well be beyond future generations for some time to come. Simply put, what was once a burgeoning real estate market, with couples purchasing "McMansions" and single men and women investing in condos and luxury living may well be fiction for future generations.
Language obsession riles writers and fuels social engineering (3 comments)
Today, thousands of languages are no longer part of living memory. Many ethnic groups, most notably several Native American tribes, are seeing the last living native speakers of hundreds of languages slowly die out, taking their rich linguistic heritages to the grave with them.
2008--The Year They Killed the Golden Goose (1 comments)
The cost of the war, the risky derivative-based housing investments, and the weaker dollar are creating a perfect storm of financial catastrophe here and abroad. We have been playing Russian roulette with the economy and the bullet's now in the chamber. The piper will have his due-who's going to pay him, and in what currency?
Saturday, December 29, 2007
What's Race Got to do with It? (1 comments)
Across the board, from auto loans to mortgages and credit card interest rates, black consumers, along with Hispanic borrowers often are targeted for expensive, high risk loans, lesser medical care and consumer credit fraud.
Foreclosure, fraud and third world living-In the United States (1 comments)
All over the country, "Home, Sweet Home" isn't sweet any more. Through no fault of their own, thousands of people who live in apartments that are being foreclosed on, are left out in the cold. Although many have paid timely rents, owners, property managers and others have managed to keep from paying the mortgage on their property, sending apartments around the nation into foreclosure.
More single women buying homes-and becoming targets for real estate thieves
There are thousands of desperate single mothers out there, desperate to create a better life for themselves and their families, desperate to stop enriching greedy landlords, desperate to hold a piece of the American Dream for their own. And, in their desperation, they have become lunch meat for the predatory loan industry, even if they have "good credit."
Sunday, December 2, 2007
Mortgage fraud: It's so bad feds just track cases over 50K
Mortgage fraud has long since left the small operator behind. These days, the meat of the fraud is generated by organized rings of specialized thieves, including bankers, real estate brokers, government loan specialists and drug king pins.
Kids Charged As Adults: The Death of the Infancy Defense (3 comments)
As the emotional throw a ways and castaways bloat our prisons at a cost of more than $20,000 a year, too many of our resources are being diverted to the Prison-Industrial-Military Complex. What will happen to the children on the edge if the economy tanks and what few resources we have devoted to juvenile mental health and education disappear?
Wednesday, November 14, 2007
Choosers of the Slain: Criminal conflicts of Interest in farm loan industry
Gary Grant is a black farmer who fully understands the challenges black farmers face in their quest for property rights and justice. Grant, founder of the Black Farmers and Agricultural Association, is locked in a legal battle with the federal government over a loan, which his father purportedly took out in 1981.
Success! Permission obtained for protest (2 comments)
The persistence of an 80 year old black farmer who is an alleged victim of land theft has paid off. Kentucky State University officials in Frankfort, Kentucky have changed their minds about pushing his protest to an obscure location at the football stadium.
Monday, November 5, 2007
Bucks, Bread and Bullets: Farming Under the Gun (3 comments)
In Pakistan, the situation is increasingly dire for millions of subsistence farmers and peasants. According to one source:
Most of the farmer community [in Pakistan], approximately 80%, constitute haris, or agricultural labourers, men and women, who do not own any land.
Desperate Times for Black Land Crimes Victim in Texas
It's getting down to the wire and Sam Mims is getting desperate. The young black Texas rancher says he is the victim of what appears to be a long-standing conspiracy to run him off of his ranch-by any means necessary.
Corn Country Revolution Battle Lines Drawn Over Bio-Fuels (1 comments)
For all of the hype about "alternative energy," for all of the political hoopla touting gasohol as a way to wean the nation from its dangerous dependence on foreign oil, a group of activists in Southern Indiana is sounding the alarm about to the side effects of the rising corn-based ethanol industry.