(2 comments) Saturday, February 28, 2009 Tanking Economy Generating Worldwide Violence, Drug Abuse
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.
(1 comments) Thursday, February 19, 2009 Welcome to Bailout 2.0: Are We Still Looking at Financial Catastrophe?
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?
(14 comments) Saturday, February 14, 2009 Birth of a Financial Engineer: Who Creates Weapons of Financial Destruction?
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?
(1 comments) Sunday, February 8, 2009 Are Food Processors Gaming the System with Lab Shopping?
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.
(1 comments) Saturday, February 7, 2009 Is SEC ideology or structure at the root of the regulation fiasco?
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?
(9 comments) Monday, February 2, 2009 Europe riots, food prices rise and jobs disappear: what's next for the US?
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.
(5 comments) Tuesday, January 27, 2009 The Looming Food Crisis
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.
Friday, January 23, 2009 Fiscal tsunami swamps economy: Green Light for "Green Economy"
Six months ago, many of the businesses and homeowners who are now sinking like a rock were creditworthy. Now, with Fortune 500 companies going down for the third time, they are taking Main Street, Wall Street and Electric Avenue with them.
Sunday, November 23, 2008 There's much to do: let's start saving lives our ownselves
If ten people donated their month's latte or snack budget to an energy assistance agency, we could keep somebody's lights on, put some fuel in their oil tank, and, perhaps, save a few people from freezing to death.
Friday, November 14, 2008 New Shoes on Old Debt-Current economic woes have 1980's roots
Debt, debt service, and debt manipulation have often been used as political tools and economic warfare. Even now, foreclosure-generated land and wealth redistribution has the potential to restructure economies and political systems worldwide.
Tuesday, October 21, 2008 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.