By DEE AYROSO
A procession
Tags: recession
Crazy Economists Are Still Defending The Wall Street Bailout As The Recession Gets Worse
AlterNet / By Dean Baker Posted By Bulatlat.com Economists are still spinning fairy tales so they can celebrate bank bailouts. Too bad everybody’s still broke and out of work. August 6, 2010 | It is amazing that angry mobs have not risen up and chased all the economists out of the country. While the greed…
We’re in a Recession Because the Rich Are Raking in an Absurd Portion of the Wealth
By ROBERT REICH The Nation / Alternet.org International Posted by Bulatlat.com Wall Street’s banditry was the proximate cause of the Great Recession, not its underlying cause. Even if the Street is better controlled in the future (and I have my doubts), the structural reason for the Great Recession still haunts America. That reason is America’s…
Lessons From Hard Times Past
By JEREMY BRECHER, TIM COSTELLO, BRENDAN SMITH Truthout/Perspective International Posted by Bulatlat We’re all struggling with how to think – and what to do – in the face of the “great recession.” An initial progressive response was to advocate better regulation; then Keynesian economic stimulus; now nationalization; perhaps in the future some kind of socialism.…
Spinning Good News from Bad Economic Data
All these hard sell about a strong economy – despite undeniable data that the Philippines is on the verge of a recession — would be further exposed and discredited as the global crunch and the country’s own perennial crisis deteriorate. For Arroyo, the political costs can be huge.
Philippines Effectively Enters Recession
Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis, the Philippines has effectively started to enter a recession. BY IBON FOUNDATION Posted by Bulatlat Even as the administration continues to deny that the global economic turmoil will push the country into a deeper crisis,…
A Long Story
BY PAUL KRUGMAN The New York Times/Truthout ALTERNATIVE READER Posted by Bulatlat Vol. VIII, No.2. February 10-16,2008 The economic news has been fairly dire this week. The credit crunch is getting worse, and a widely watched indicator of trends in the service sector – which is most of the economy – has fallen off a…
America’s Middle Classes Are No Longer Coping
BY ROBERT REICH The Financial Times/Truthout Posted by Bulatlat| Vol. VIII, No. 2, February 10-16,2008 It is an election year and the US economy is in peril of falling into recession or worse. Not surprisingly, Washington is abuzz with plans to prevent it. President George W. Bush has proposed a $150bn stimulus package and all…