The presumption of mainstream economists and business journalists (as well as political and economic elites) is that the capitalist machine is the only possible one, and that it will work. Except it’s not: corporate profits have been growing (the red line in the chart above) but investment has been falling.
Misguided Calls for More QE (tags)
QE
Janet Yellen Likely New Fed Chairwoman: Hold the Cheers (tags)
class war
Larry Summers: Wall Street's Man (tags)
Fed
Social security cuts: Work until you drop (tags)
We have something here bigger than Barack Obama and whatever character flaws he might be perceived as possessing. Austerity is a bipartisan project.
Need overwhelms Southern California food pantries (tags)
Los Angeles and Orange Counties, long known as centers of Southern California wealth and glamour, are now home to more than half a million people seeking help from food pantries.
Over 200 Turn Out for Matthew Shepard Memorial in San Diego (tags)
Over 200 San Diegans marched in Hillcrest October 12, 2010 to commemorate the 12th anniversary of the death of Matthew Shepard, target of an especially brutal Queer-bashing attack in Wyoming, and to honor the lives lost to Queer-bashing, bullying and teen suicide. The event featured two marches, a preliminary rally outside Obelisk Bookstore (site of a memorial plaque to John Robert Wear, 17-year-old killed in a Queer-related assault in 1991) and a program at San Diego’s LGBT Center that featured speakers including Terry Summers, a personal acquaintance of Matthew Shepard.
BTL:After Summers Resigns, Will Obama Scrap His Bank-Friendly Economic Policy? (tags)
BETWEEN THE LINES Syndicated Radio Newsmagazine
Community Bank Northern Virginia's David P. Summers Also Texas Endovasc 'Biotech' Fraud (tags)
I only discovered the connection and double life of David P Summers Wednesday night while per using SEC filings for David P Summers and Mercantile Bankshares.As you will see below the SEC bank filings also listed Summers Endovasc, American Biomed(both Texas 'biotech' pump and dump money laundering frauds),as well as his long time Community Bank of Northern Virginia connections.
The rise of anti-semitism today (tags)
Harvard President Lawrence Summers recent condemnation of the rise of anti-semitism at Harvard and elsewhere grossly underestimates the problem by excluding the anti-semitism directed against Arabic people.
HARVARD PRESIDENT SUMMERS ANNOUNCES CONTINUED FUNDING FOR ISRAELI WAR CRIMES (tags)
Harvard President Summers sticks to his guns in support of Israeli war crimes and the use of Harvard's money to fund them. Under the Nuremberg Principles (adopted by the UN in 1950) this implicates him under international law too.