Skip to content

Category Archives: Economy

Bailing out the Economy: Round Two

Congress is set to vote on the Bush’s $700+ Billion plan again tonight. Added to the bill were provisions to “…add tax breaks for businesses and the middle class and increase deposit insurance…”
Yahoo reports that calls in opposition to the Bill have dropped to 50-50 instead of 90% against. Hopefully House Leader Nancy Pelosi [...]

Need another reason not to buy products from China?

Need another reason not to buy products from China? Here you go. In short the article describes the Chinese’ poor treatment of native Zambians in copper/cobalt mines. And how the Chinese are bribing their way out of trouble, and around import/export laws which thusly cause friction among those who do attempt to follow the law.
The [...]

Financial Crisis: How we got here

If you’re like me and don’t know exactly how we got into this mess, Kiplinger.com has a good step by step article on how it all went down. While I’ve not looked at prices of houses and home sales numbers lately specifically, my gut feeling is that a lot of houses are still on the [...]

US to bail out more banks

The down fall of the US economy (and thus the rest of the World’s) is being billed as the worst since the Great Depression. Some believe this may be the downfall of western civilization.
So now talks are of the US Government bailing more financial institutions out to tune of $1000 Billion or for the math-inclined-but-don’t-really-care-about-economics [...]

Woe is US!: The Economy Sucks

With the Federal Government taking the unheard of step of helping mortgage companies Freddie Mac and Fannie May it seems to me that the US Economy isn’t doing that good. Despite what Mr. Bush says.
Rising Oil Prices, housing prices going up, food prices reaching new heights, bank failures, consumer prices increases at the highest percentage [...]