Its task for most of the past 100 years has been to regulate growth — not to manage decline. Much of the commentary you saw prior to 2008, such as Ben Bernanke’s sincere lack of concern about a US housing bubble (“I guess I don’t buy your premise. It’s a pretty unlikely possibility. We’ve never had a decline in house prices on a nationwide basis…”) is, of course, duplicated today as we confront a similar endgame in sovereign debt.
THIS WEEK’S HEADLINES:
I have repeatedly demonstrated that – despite the false divide-and-conquer tactics of the mainstream parties and mainstream media – the overwhelming majority of Americans agree on the most important issues facing our country.
…it’s a dozen scared kids and a police officer named John Pike spraying them in the face from three feet away. And while it’s his finger pulling the trigger, the police system is what put him in the position to be standing in front of those students.
THIS WEEK’S HEADLINES:
Bank credit is scarce and investors are skittish, but that didn’t stop these 6 start ups. They found creative ways to raise cash during the downturn.
“However, we need to inform you that credits are not considered as payments on credit accounts,” the representative wrote. “Therefore, the credits (of $1,450) were not considered as payments on this account, and the interest charges were applied correctly.”
…the same poll has found that 63% of Germans think Greece should be kicked out of the Euro, with just 32% believing the country can still be saved
Dispatches From The Front 