The bankers lied. And Darling, a mere puppet on their string, knows it | Simon Jenkins
Britain has paid a horrific price for allowing the City to dictate credit policy. Yet there is no inquiry, no questioning, only silence
Still no inquiry. Still no answers. A trillion pounds has been devoted over the past 18 months to protect Britain’s financial system from alleged Armageddon, with not a murmur of value for [...]
Inside Alan Greenspan’s nightmare | Mark Weisbrot
News that wages are rising in China is greeted with dread by those who share Greenspan’s unwarranted fear of rising inflation
Alan Greenspan had a dream, or rather a nightmare. Greenspan seems to have woken up in a cold sweat one morning in fear that the period of “disinflationary pressures” that had kept inflation low since [...]
US federal deficit: who owns America’s debt?
Find out which countries are propping up the US economy
China has defended its investment in US Treasury bonds, amid concern that its position as the biggest investor in US debt may become political as well as economic.
Treasury bonds are how the US – and all governments for that matter – borrow money: they issue government [...]
No country for old women | Sadhbh Walshe
Older women are one of the most vulnerable demographic groups in the US, and the recession is not helping their plight
I had lunch a while ago with some elderly ladies at a senior centre in Manhattan. Their lively conversation and bawdy personalities made it feel like an episode of the Golden Girls. But as I [...]
We need jobs, not deficit cuts | James K Galbraith
Listen to Keynes and ignore those behind all the noise about deficits, who are simply looking to profit from private debt
“Now that the immediate crisis has passed,” Policy Network asks for “long-term strategies to shape our post-recession economies” and “to promote economic growth”.
But the immediate crisis hasn’t passed. It is not over for the jobless. [...]
Good news about bad news |
Obama’s campaign guru, David Plouffe, gets on the case and starts accentuating the positive on the jobs market
How much has the Obama’s White House missed David Plouffe, Obama’s campaign manager for the 2008 elections? A lot, perhaps, in terms of choosing a message that changes the political dialogue, if the chart above (click here for [...]
Full text of Barack Obama’s state of the union address
The US president’s first state of the union speech• Datablog: how did Obama’s speech compare to past presidents? As wordles
Madam Speaker, Vice President Biden, members of Congress, distinguished guests, and fellow Americans:
Our Constitution declares that from time to time, the President shall give to Congress information about the state of our union. For 220 [...]
Can Barack Obama deliver on jobs? | Thomas Noyes
Barack Obama’s state of the union speech focused on the economy, where he must make progress to regain momentum
Barack Obama opened his first state of the union speech by noting that the United States has seen dark days when “victory was very much in doubt” and “the future was anything but certain”.
Early on, the president [...]
State of the union speech: Obama vows to focus on jobs
US president uses his first state of the union speech to promise he will make the creation of a million jobs his priority this year• Datablog: how did Obama’s speech compare to past presidents? As wordles
Barack Obama bowed to the wave of US public anger over unemployment and other recession-related issues when he promised in [...]
Obama vows to focus on jobs as he appeals to the disenchanted in State of the Union speech
Obama uses his first State of the Union speech to promise he will make the creation of a million jobs his priority in the year to come, telling Americans: ‘We don’t quit. I don’t quit’
Barack Obama bowed to the wave of public anger in the US over unemployment and other recession-related issues when he [...]