Ellen Brown: Expanding postal services and developing new sources of revenue are important to the effort to save the public Post Office and preserve living-wage jobs
Foreclosures 101 – Part 4
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Kwazi Nkrumah: Overall, Americans are now carrying about $798.3 billion in revolving debt, a type of debt that is almost entirely made up of credit card balances,
From the Top of the Acropolis: How Greece’s Economy Imploded
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Steven Hill: When the true size of Greece’s deficit was revealed to the world, the bonds markets went berserk. The interest rates on Greece’s sovereign debt spiked to unheard of proportions, threatening the solvency of the government, and the rest is history.
Geithner’s “Stress Test” for Banks, and a Stress Test for America
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The only way to make sense of Tim Geithner’s “stress test” for banks is to assume a kind of triage. Banks that are reasonably healthy right now — whose assets are fully adequate to fund their liabilities, and can make new loans — don’t need a bailout. And banks that are too far gone to [...]
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