AltWeeklies Wire

Global Warming in a Time of Economic Meltdownnew

The credit crisis threatens progress on the energy/global warming front, since the needed major research and development on renewable energies, as well as the needed new infrastructure, require credit which has become very scarce. But the world cannot afford a time out.
Santa Barbara Independent  |  Walter Kohn, Alan Heeger and Herbert Kroemer  |  10-27-2008  |  Environment

In Paulson We Trustnew

Did the treasury secretary let Lehman Brothers fail, exacerbating the nascent crisis, knowing it would punish liberal financier George Soros and benefit his old firm, Goldman Sachs?
Artvoice  |  Ted P. Schmidt  |  10-20-2008  |  Economy

Stop the Bleeding: A Plan to Bail Out Scared Homeowners

Governments are bailout banks in exchange for equity stakes in their ownership. Why not offer the same deal to troubled homeowners -- let them stay in their homes in exchange for a piece of their deeds?
Maui Time  |  Ted Rall  |  10-14-2008  |  Economy

How Wall Street is Our Abusive Lovernew

We love the markets because, increasingly, we depend on them for comfort and security. We also love them because they promise romance: more and more, happily ever after. But they also keep us off balance, leaving us hungry -- and unsatisfied desire always feels like love.
Seven Days  |  Judith Levine  |  10-13-2008  |  Commentary

How Deregulation Led to the Current Bank Collapsenew

In 2000, Sen. Phil Gramm attached a rider to an appropriations bill to deregulate derivatives trading and other complicated financial instruments like collateral debt obligations. This was the effective nail in the coffin for the FDR-era Glass-Steagall Act, which was created to prevent a repeat of the crash of 1929.
Charleston City Paper  |  D.A. Smith  |  10-09-2008  |  Economy

Investing in Our Futurenew

My father faced a Willie Loman-like epiphany that investing in money and things wasn't as important as investing in children.
Metro Spirit  |  Tom Grant  |  10-09-2008  |  Commentary

Homeowners Are Being Unfairly Faulted for Wall Street's Greednew

Those nasty subprime borrowers, the financial class bellows, how could they have done this to us? While the catalyst for our present debacle may have been housing loans, they in no way were the cause.
East Bay Express  |  Jay Youngdahl  |  10-01-2008  |  Economy

'Bad Money' is Not Meant to be Pretty, and It Isn'tnew

Phillips argues that financial recklessness, combined with peak oil and the rise of Asian economic power, will doom -- has already doomed -- American world leadership and our standard of living, which depend on the value of the dollar.
The Texas Observer  |  James K. Galbraith  |  05-21-2008  |  Nonfiction

Read 'Bad Money' and Weepnew

After reading the new book by Kevin Phillips, a painful realization dawns: Not one of the people running for president is addressing how interconnected and serious America's economic, ecological, and security problems are. Worse, the bankers and hedge-fund speculators who created the credit crisis are financing the campaigns of Democrats -- the only politicians likely ever to rein them in.
Artvoice  |  Bruce Fisher  |  05-16-2008  |  Nonfiction

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