Relevant and even prescient commentary on news, politics and the economy.

Bureau of Public Debt

Bureau of Public Debt is something I missed in the news. If you would like to help reduce the national debt, make your check payable to the Bureau of the Public Debt. In the memo section, note that it’s a gift to reduce the Debt Held by the Public. Mail your check to: Attn Dept […]

Do you know what SPP is?

What is the SPP US and SPP Canada? Many agreements in one. One point of view is the notion of The Shock Doctrine. The timing of The Shock Doctrine’s release in Canada is very relevant here because it just hosted a summit with George Bush and Mexican President Calderon to meet with Prime Minister Steven […]

Update on WTO GATS, gambling, and Antigua

The Register provides an update to the tiny Antigua case. The case originated back in 2003 after the prosecution of Jay Cohen, an expatriate American who ran a sportsbook out of Antigua called the World Sports Exchange, and ended up doing time in a federal prison – in Las Vegas, of all places – for […]

In the words of a founder

Thomas Jefferson wrote a dire warning about banks and debt: ‘If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up […]

Feisty one lays it on the line to Americans

“When you’re up to your eyeballs in alligators, it’s hard to remember that you came to drain the swamp.” As an anti-war crazy left wingnut, I suggest we look further abroad than our own noses for the Swampthing, the movie version actually being a love story and not a horror movie. Hat tip to Tom […]

Slavery in my backyard and a thousand points of light

Local slaves from Mexico, Russia, and… (At the lecture) Coonan also said that it’s happening within the Chinese community as well, with traffickers promising young women a better life in America. According to Coonan, in nearby Quincy, a Chinese restaurant has Hispanic women working there and living in a small shed behind the restaurant. Many […]

Even earlier Cheney

I have intentionally let others post about the politics of this war wanting to keep the focus on economics as that is what attracts me to this blog. BUT…for all the postings here that have resulted in supportive comments for the war, please explain this. Dick Cheney at the Economic Club of Detroit in 1992 […]

geenspan

GREENSPAN There was a discussion of Greenspan as a Fed Chairman earlier today. Different people were making various claims with no evidence to support their positions. So I though I would put in my two cents worth, but provide a chart to show why I take the position on Greenspan I do. The first chart […]

Ownership society and taking responsibility for performance

This NYT article reports on new structuring of ownership of nursing home chains by private equity funds. Habana is one of thousands of nursing homes across the nation that large Wall Street investment companies have bought or agreed to acquire in recent years.Those investors include prominent private equity firms like Warburg Pincus and the Carlyle […]