Tag Archives: U.S. Economy

Financial Assessment of Divine Destruction

North Carolina’s $750 million-a-year tobacco crop may have suffered hundreds of millions of dollars in damage, state officials said. An industry trade group said harm to the cotton crop, the fourth-largest in the U.S., may be “extensive.” Click here to … Continue reading

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Banking: on the edge

“These days, when a banker doesn’t get a bonus, they no longer leave automatically, they’ve got their salaries to fall back on – and, really, there’s nowhere else for them to go.” Click here to read…

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How Black People in America Spend Money

Expenditures between 2007 and 2008 were statistically flat, so black consumers are now making purchases they have long delayed.  At the same time, they re-prioritizing their budgets, and spending more on things that add value to their homes and add … Continue reading

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Wagering on irresponsibility and unaccountability in America

An $850 million trade in the futures market…  The wager is so large that analysts believe it would not have been made unless the trader believed with near absolute certainty in the outcome, which could only happen with insider information. … Continue reading

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The Fall – American Style…

Some had speculated this week that the embattled ratings agency wouldn’t pull the trigger.  WRONG. This should not be a surprise and it shouldn’t arouse anger.  The United States earned this downgrade through decades of wanton fiscal irresponsibility, and it’s … Continue reading

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Whose the Leader of the Club not made for you nor me?

S&P and Moody’s are questioning the United States’ membership in this exclusive club.  The triple-A rating enables nations to borrow funds at a low cost, because their governments are considered stable and their bonds safe. Click here to view this message…

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You Cannot Be Financially Serious!

PBS and Frontline exclusively help in tracing the politics behind America’s mountain of debt.  Is this looming crisis far bigger than our current financial mess…? Click here to view more…

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Tale(s) of the Financial Tape

The government borrows about 40% of what it spends every day.  A less obvious problem arising from a U.S. debt default would be how it affects large banks, which use Treasurys as collateral for their own borrowing. Click here to … Continue reading

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Global Wizards on the Retreat from Oz

Some of the largest money managers in the world, folks with the power to break the central banks of ancient nations, are retreating even further from view. Without outside investors, it will be even more difficult to track their activities. … Continue reading

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The Debt Ceiling during the Reagan Administration

Here Is What Ronald Reagan Wrote About The Debt Ceiling In His Diary Click here to view…

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