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Archive for articles filed in 'Economy'

Crisis Stirs Critics of Free Markets:Around the World, Calls to Reconsider U.S.-Style Policies

Jason Dean in Beijing, Marcus Walker in Berlin, and Evan Ramstad in Seoul | Posted on Thursday, September 25th, 2008

Wall Street Journal
September 25, 2008

The turmoil in the U.S. financial sector is rippling through political debates around the world, giving ammunition to foreign officials who question American economic leadership and oppose policies that follow the U.S. model. (Keep reading…)

Washington Babylon : Six questions for James Galbraith on the financial crisis and the bailout

Ken Silverstein/James K. Galbraith | Posted on Wednesday, September 24th, 2008

http://www.harpers.org/archive/2008/09/hbc-90003600

Harper’s Magazine
September 24, 2008 (Keep reading…)

The Scent of Fear:AIG’s Rotten Paper Could Bring the House Down

William Greider | Posted on Tuesday, September 23rd, 2008

September 22, 2008 The Nation

For the first time in this unfolding financial crisis, I felt personally scared by the news. Not about my money, but about the potential for catastrophe. The Federal Reserve’s lightning rescue of AIG has the smell of systemic fear. The house of global finance is on fire and everyone is running for the exits, no sure way to turn them around. What’s next? The question itself is ominous, because there are no good answers. (Keep reading…)

Free Market Ideology is Far From Finished

Naomi Klein | Posted on Tuesday, September 23rd, 2008

The Guardian September 22, 2008

Whatever the events of this week mean, nobody should believe the overblown claims that the market crisis signals the death of “free market” ideology. Free market ideology has always been a servant to the interests of capital, and its presence ebbs and flows depending on its usefulness to those interests. (Keep reading…)

A Canada - European Union Trade Deal?

Andrew Jackson | Posted on Monday, September 22nd, 2008

Progressive Economics Forum September 18, 2008

The Globe and Mail is carrying a report today on a possible Canada-EU trade deal, suggesting that negotiations will be launched shortly after the election. (Keep reading…)

Fleecing What’s Left of the Treasury

Chris Hedges | Posted on Monday, September 22nd, 2008

Truthdig! Sep 21, 2008

The lobbyists and corporate lawyers, the heads of financial firms and the crooks who control Wall Street, all those who spent the last three decades assuring us that government was part of the problem and should get out of the way, are now busy looting the U.S. treasury. They are also working feverishly inside the Democratic and Republican parties to blunt any effective regulatory reform as they pass on their distressed assets to us. The process is stunning in its hubris and mendacity, and two of the most potent enablers of this unprecedented act of corporate welfare are John McCain and Barack Obama. (Keep reading…)

Paulson Bailout Plan a Historic Swindle

William Greider | Posted on Monday, September 22nd, 2008

http://www.thenation.com/doc/20081006/greider

The Nation
19 September 2008 (Keep reading…)

Paulson Plan: Cash for Trash

PAUL KRUGMAN | Posted on Monday, September 22nd, 2008

New York Times
September 22, 2008

Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system “cash for trash.” Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq. (Keep reading…)

Untangling the banking crisis:A desperate disease, a desperate remedy

Barrie McKenna | Posted on Sunday, September 21st, 2008

Globe and Mail Report on Business September 20, 2008

“This financial crisis signals the beginning of the decline of the American empire. Over time, the relative economic, financial, military, geo-strategic power of the U.S., and the reserve role of the dollar will significantly decline.” (Keep reading…)

Market may swing but guru still sees gloom ahead: Interview with Martin Feldstein

Margaret Wente | Posted on Sunday, September 21st, 2008

Globe and Mail
September 20, 2008

The turmoil on Wall Street has spread fear and desperation throughout the global financial system. (Keep reading…)

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