Tag: Depression
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- Revised Estimates for Q1-2011 U.S. Corporate Profits
- California’s Home Resales Decline by 14.4% in May
- New Home Construction in May
- May Permit Values for Nonresidential Construction
- Spending on Travel & Tourism Slows in 1st Quarter
- World Trade
- Update on Japan
- Events of Interest
- July 20, 2011: Mid-year Economic Forecast
Seven Problems a Recovery Won’t Fix – Umair Haque – Harvard Business Review
It’s time to stop looking for “recovery” (as in ways to resurrect this drooling zombie of an industrial economy) and start seeding transformation (as in building a 21st century economy, that turns most or all of the toxic dynamics above upside down). It’s time to stop thinking about getting back to yesterday’s prosperity — and time to start thinking about how to get past it.
Congress takes aim at 401(k)s | Bankrate.com
The Congressional Joint Committee on Taxation and the Treasury Department’s Office of Tax Analysis conclude that these retirement planning programs will cost the federal government about $600 billion in lost revenue over the next five years.
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- May 2011: A Weak Month for California Payrolls
- SoCal Home Sales and Prices: Sharp Decline in May
- California’s Budget Position in May
- May Port Figures – 18 Consecutive Months of Growth
- Update on Japan
- Core Consumer Prices Rise at Faster Pace in May
- Advancing Wholesale Prices Slow in May
- Events of Interest
- July 20, 2011: Mid-year Economic Forecast
‘Anonymous’ Allegedly Demands Resignation Of Fed Chair Bernanke
In the video, uploaded on Saturday, the anonymous group, self-described as loosely connected and Internet based, allegedly claims that the Federal Reserve is guilty of “crimes against humanity” and calls for the resignation of Ben Bernanke. In addition, the group would seem to demand the break up of the Federal Reserve and other major banking institutions
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- Profile of the Economic Recovery—To Date
- The Fed’s Beige Book June 8, 2011: Economy “Generally Continued to Expand”
- Consumer Credit in April
- U.S. Trade Deficit Narrows in April as Exports Reach Record High
- California Exports Continue to Impress
- April California Imports
- Events of Interest
- July 20, 2011: Mid-year Economic Forecast
Weekly Economic Update | LADEC
THIS WEEK’S HEADLINES:
- April State/Local Area Employment Reports
- U.S. Building Permits
- U.S. Housing Starts
- Mortgage Foreclosures
- Events of Interest
- May 26, 2011: The 4th U.S. Azerbaijan ICT Business Forum
- June 7, 2011: Japan’s Positive Impact on the Southern California Economy
- July 20, 2011: Mid-year Economic Forecast
The Obama Deception: Why Cornel West Went Ballistic – Chris Hedges | Truthdig
“He makes a bee line to me right after the talk, in front of everybody,” West says. “He just lets me have it. He says, ‘You ought to be ashamed of yourself, saying I’m not a progressive. Is that the best you can do? Who do you think you are?’ I smiled. I shook his hand. And a sister hollered in the back, ‘You can’t talk to professor West. That’s Dr. Cornel West. Who do you think you are?’
Politicians Won’t Stay Bought | Peter Mehit
In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.
Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions. But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in 
the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?
Power.
Continue reading “Politicians Won’t Stay Bought | Peter Mehit”
Dispatches From The Front 