Rachel Maddow offers one the of the best explanations of the mess that has been made by mortgage companies, which includes the largest banks in the US. It has the potential to derail everything in its path.
Recent stories are starting to reveal just what a mess the US banking system has created. Bailed out in 2008, major banks are starting to reveal why they had to be bailed out in the first place and why they need to be broken up.
Food prices jumped in 2010-11, the second price spike within 3 years. Longer term financial, agricultural, and demographic trends, exacerbated by short-term production shortfalls, set up conditions for the increases.
PIGS is short for Portugal, Ireland and Italy, Greece, and Spain. With Italy at this moment under fire, Greece and the others look downright stable. The big question is pending now is will the Euro survive and if not want, what effect it will have in the US if it collapses.
- By Robert Reich
Herman Cain’s bizarre 9-9-9 plan would replace much of the current tax code with a 9 percent individual income tax and a 9 percent sales tax. He calls it a “flat tax.” The flat tax is a fraud. It raises taxes on the poor and lowers them on the rich.
Setting aside the benefits to your health, how much might you (and society at large) save financially on healthcare by regular practice of Transcendental Meditation? The question takes on urgency in these times of spiraling health costs, and fortunately it has been studied.