With banks in the United States continuing to draw tighter the purse strings as they continue the slow recovery from the bursting of the housing market bubble, and people’s Treasury, bank account, and money market interest rates plummetting alongside mortgage application rates (as mortgage interest rates are rising), many are left wondering what they can […]
House Passes Jubilee Debt Relief, Battle Shifts to Senate
– by James Parks The effort to bring debt relief to poor countries now moves to the U.S. Senate after the House of Representatives approved legislation that would cancel the debt of several poor nations. If enacted, the countries that receive the relief must use the money to provide their citizens desperately needed resources—such as health […]
Guidelines on Investing in a Mutual Fund
In the new millennium, mutual funds have grown at a pace which will make the industry a stronger one to deal with in the near future. The industry has helped in maintaining investor confidence despite the prolonged crisis, say, in Asia. It has minimized capital flight and has brought new perspectives in terms of the […]
Once Upon a Time, Liberals Knew What They Stood For
Time was, we knew what “Liberals” really stood for. So did they. Time was, “Liberals” were much closer to what nowadays the prancing, preening politicians calling themselves “Liberals”—that means Democrats—call the wascally, wicked Wepublicans with thayw Vast Wight-Wing Conspiwacy. Huhhuhuhuhuhuhu! But the Liberals we have in the United States today are not the Liberals who […]
Federal Reserve Says Let’s Go Living in the Past
"[The risks here] are modest in comparison to the substantial damage to the economy and economic well-being that potentially would have accompanied Bear’s insolvency. It became clear that Bear’s involvement in the complex and intricate web of relationships that characterize our financial system, at the point in time when markets were especially vulnerable, was such […]
Subprime Troubles Become a Prime Power Grab
"Keep people off-balance and in the dark by never revealing the purpose behind your actions. If they have no clue what you are up to, they cannot prepare a defense. Guide them far enough down the wrong path, envelope them in enough smoke, and by the time they realize your intentions, it will be too […]
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