17 Mar
Posted by Julia Redstone as Finance, Foreclosure
For over ten years prior to bringing down of AIG by derivates and the release of financial panic that reverberated across the globe, professor Lyn Stout was one of the lone voices giving out dire warnings of the tsunami ahead. His first missile was published in Journal of Corporate Law, 1995. It seems none had [...]
The Lehman Brothers findings have surprised even the experts. It took the examiner appointed by the court a year to compile his report on the collapse of Lehman. Wall Street officials and government officials have been expecting it to give an account of the biggest bankruptcy in the history of America.
The report made [...]
A discussion was held at Commonwealth Club of California hosted by Andrew Leonard of Salon.com. The speaker was Dr. Joseph Stiglitz of Columbia University. He sharply pointed that the way things were drifting it seemed that the economy would again go into a tailspin.
Stiglitz recounted a powerful narrative of the collapse and its suggested palliatives [...]
All the signs are pointing to the fact that America is headed for a repeat of 1937. The Republicans are saying over reaching and over spending by Washington were responsible for all the troubles the country is facing today. Mitt Romney is blase enough to say that the situation has been worsened by the stimulus [...]
To understand the troubles of the economy of USA the adage has to be recalled that whatever goes up has to come down. It is also well to remember another proverb that one cannot continue to ride a horse that is dead.
What is common between a mountain climber, a speeding driver, a fast biker and [...]
Shrewd Republicans quickly divined the weaknesses in the Obama government – appeasing bankers and the Blue Tooth within Democratic rank and file while not focusing on issues relevant to the man in the streets. Max Pappas of FreedomWorks wrote “The Obama administration has so far been successful in continuing to increase the ties between Wall [...]
04 Mar
Posted by Julia Redstone as Finance
The fiscal deficit in USA has been caused by increased spending on one hand and reduced revenue on the other. The financial system has been for the time being fixed and saved from collapse. Attempts are now being made to divert the attention to bringing down the deficit and debt instead of taking steps to [...]
03 Mar
Posted by Julia Redstone as Finance
The decision taken by the Supreme Court (Citizens United versus Federal Election Commission) focused on the powers of the business world to spend dollars freely for political campaigns. Ad lib dollars for political campaigns takes the nation by surprise; but a greater surprise was the widely expressed dislike for such a ruling among the think [...]
Stimulus funds have helped to give a push to health clinic budgets in Massachusetts. Maura Smith could not hold back her tears upon hearing that the Lowell Health Center had been sanctioned $9.35 million – thanks to the American Recovery and Reinvestment Act. The health unit has been running for nearly four decades in Lowell. [...]
When Obama was a candidate for the presidential elections in 2008 he spoke eloquently telling the people that his top priority would “the people’s business”.
The people were concerned at that time about their jobs; jobs continue to be their main concern today also.
The economy is failing to give the opportunity for them to [...]
