Taxpayers To Pay Cost Of Mortgage Settlement

The Attorneys General of the states agreed to a "landmark" deal to "settle" mortgage fraud committed by major banks. In the "settlement," the banks agree to pay $40Billion. Financial Times is now reporting that (account required to read the full article), in a little-known and unreported aspect of that deal, up to $35 Billion of [...]

By |2012-02-18T19:32:22-05:00February 18th, 2012|Economy|0 Comments

Here’s What It Looks Like from Where I’m Sitting

News is flying by real fast. Grab your hat, it's gonna get windy. The European Central Bank (ECB) is fighting a losing battle. It is easy to tell this is so: they are telling ever-bigger lies about their soon-to-be-really-announced, no-kidding-we-really-have-a-great-plan, bailout program-of-the-hour, ever more frequently. There is no money; the ECB has invented a massively [...]

By |2011-10-21T11:04:52-04:00October 21st, 2011|Economy|0 Comments

India, Iran, and Oil: Follow Up

A few days ago we posted this piece on trade negotiations between India and Iran. India imports 80% of its oil, and buys about 16% of its imported oil from Iran. This is a very important matter for India. The United States is pressuring India to participate in economic sanctions against Iran and that has [...]

By |2011-01-10T15:02:27-05:00January 10th, 2011|Economy|0 Comments

Time for Economic Fixes IS Now!

It’s December. One election down, but a lot of work and a watershed election coming. So the question is: what are we, collectively and individually, going to do? Actually do. Have you thought about how much time you will devote to specific tasks, and how you will measure results? I have not. The other day [...]

By |2010-12-06T12:40:34-05:00December 6th, 2010|Uncategorized|1 Comment

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