OECD projects global GDP growth to weaken, with US facing steeper decline. Tariffs cited as a leading cause, impacting plastics industry and manufacturing. “OECD Economic Outlook: Plastics Industry Impact,” Plastics…

…to have been actual quid pro quo legislation and contracts he pushed through. So Clinton didn’t mention her campaign-finance ties to this industry. Instead, she said she wants to end…

…the American automobile industry on a wholistic basis and determine how we can restructure the industry to be globally competitive. In all this time of GM’s existence they have not…

…the fact that banks are paying back direct bailout funds does not mean that there is no further bank bailout going on. The government now stands as guarantor, an assurance…

Joseph Stilgitz asks tough questions at The Nation: The champagne bottle corks were popping as Treasury Secretary Henry Paulson announced his trillion-dollar bailout for the banks, buying up their toxic…

…orderly way to close down – rather than bailout – a major and systemically important non bank financial institutions: the embarrassment and losses for the Fed that the bailout of…

…Bailout State is already starting to crack under the pressures of the Bailout, which is the real reason the system wants to move to “austerity” everywhere. The Bailout will soon…

…small program to help mortgagers (HAMP) which was a gift not a loan and the cost of saving the US automobile industry. But focusing on that implies missing the much…

…will need to be accompanied by a bank bailout if banks end up having their capital depleted by mortgage defaults.  Although bank bailouts are unpopular, an eviction moratorium coupled with…

…John McCain announced he was suspending his presidential campaign to try to wrestle the bailout to the ground. The message is the same as the one sent by Hank Paulson…