|OPINION AND EDITORIAL|
|THESE DAYS FACTS DONíT MATTER|
December 24, 2009
Paul Krugman, professor of Economics and International Affairs at Princeton University who also pens Op-Ed pieces for the New York Times, started out a December 14th column saying that when he first began writing for the Times he was naÔve about many things but, ďmy biggest misconception was this: I actually believed that influential people could be moved by evidence, that they would change their views if events completely refuted their beliefs.Ē
|2010: THE YEAR OF SEVERE ECONOMIC CONTRACTION|
December 19, 2009
Despite the upbeat news one reads in the financial media, is the reality of the matter that the nationís still fragile economy is slowly being strangled by design?
Have the nationís policymakers decided to purposely create conditions that are favorable to financial sector consolidation and the further privatization of public assets?
In 2010 will interest rates rise, housing prices tumble and liquidity drain from the U.S. economic system?
|THE HOUSING CRISIS AND WALL STREET SHAME|
By Robert Reich
December 08, 2009
One out of four homeowners is now under water, owing more on their homes than the homes are worth. Why? The biggest single factor behind the housing crisis is rising unemployment.
According to the latest ABC-Washington Post poll, one out of every three Americans has either lost their job or lives in a household with someone who has lost a job. Today it takes two and sometimes three incomes to buy the groceries and pay the mortgage or the rent. So if one of those incomes is gone, a homeowner can't make the payment.
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