"Executive fugitives" are leaders of industry and finance toppled by the economic crisis and, often, their own greed. Facing financial ruin and even worse; prison, they decide to make a run for it. But these days, officials say, life on the run isn't that easy, even with a suitcase full of cash.
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Monday, May 25, 2009
Stalemate in Afghanistan??
The inability of the Marines to dominate the area is an extreme example of how limited troop numbers, especially in the country’s strategically vital south, have hampered the U.S. ability to eradicate the Taliban threat. The U.S. and NATO-led coalition has easily defeated the Taliban in battle, but struggled to prevent insurgents returning
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Sunday, May 24, 2009
Wealth:Only Mexico & Russia More Unequal Than America.
The wealthy are also feeling the pinch of the global recession. The extremes of wealth in the US & Britain had reached level not seen since the 1920's.The gains from recent economic growth flowed disproportionately to the wealthy.The top 10% earners received the vast majority of the growth of 1996-2005.It is not sustainable in the long run....
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Saturday, May 23, 2009
MBA's Gone Bad; a Year of Infamy
An unraveling economy is bound to generate its share of failures. But this one has generated an odd sort of culling of the herd. Instead of taking down the low-hanging fruit—executives with no business training -the current economic crisis has claimed as casualties some highly trained business practitioners who ought to know better: MBAs.
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Wednesday, May 20, 2009
Insurance Companies Are Already Screwing Obama on Health Car
One week after the nation's health insurance lobby pledged to President Obama to do what it can to constrain rising health costs, Blue Cross Blue Shield of North Carolina is putting the finishing touches on a public message campaign aimed at killing a key plank in Obama's reform platform.
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Sunday, May 17, 2009
Homeless:Down And Out in America in Photographs.
Homelessness & extreme poverty is one of the biggest scandal in America's society. The numbers are truly incredible, and the recession will only make the problem worse. In Los Angeles (America's capital of homelessness) the current estimate is 80,000. In New-Orleans post Katrina 12,000. The photographs were taken between 1983 & 2008.
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Wednesday, May 13, 2009
Power In America: Wealth, Income & Power.
This document presents details on wealth & income distribution in the US, and explains how they are power indicators.In 2004 the top 1 % had 42% of the financial wealth, the bottom 80% had 7 % of it. From 1990 to 2005 CEO's pay increased 300% while workers gained a scant 4.3 %. A society based on a system with such inequalities is not sustainable.
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Tuesday, May 12, 2009
California running out of water for farming; growing popula
Drought, Politics Trouble Farmers In California : NPR; California is in its third year of drought, and many farmers in the state's crop-rich Central Valley are looking at dusty fields or cutting down their orchards.. Hardest hit is Westlands, the biggest irrigated region in the country, where much of the nation's fruit, nuts and produce
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Sunday, May 10, 2009
NPR: Can Democracy survive without newspapers, journalists?
Mourning Newspapers, Journalism, DemocracyWeekend Edition Essayist Diane Roberts worries about the decline of the newspaper industry and what that means for democracy.
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Friday, May 8, 2009
Sell Fuel Efficient Cars Act of 2008" introduced in Senate
A bill was introduced in the Senate earlier this month that seeks to offer a $10,000 incentive for low-income families to trade in their old cars for newer, more fuel efficient models. First, a few details: eligible individuals are those who earn less than $25K per year. Autos must be rated at 25 miles per gallon plus and are 4.9 mpg better than th
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The Climate Debate Heats Up - NY Times
A stalled clean energy bill needs to be revised, and quickly, if there is a chance for comprehensive climate change legislation to be passed by this Congress.The heart of the bill is a provision to reduce greenhouse gases by 20 percent from 2005 levels by 2020 and 83 percent by midcentury — cuts scientists say are necessary to avert the worst cons
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Thursday, May 7, 2009
BofA and Citi Need Capital as Stress Tests Results Loom.
By Karey Wutkowski and Jonathan Stempel WASHINGTON/NEW YORK (Reuters) - Regulators have told Bank of America Corp it needs $34 billion of capital to withstand a deep economic downturn, an industry source familiar with results of a government stress...
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Thursday, April 30, 2009
25 Men Behind the Financial Crisis
No single person orchestrated, coordinated, and managed the financial disaster, but there are key players involved. For the purposes of this list, a "man behind the crisis" is someone in a position of power during the crisis who helped form, perpetuate, or aggravate it.
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Wednesday, April 29, 2009
Robert Greenwald: Fire Bank of America CEO Ken Lewis
The economic crisis is out of control, as Bank of America and the corrupt corporate elite continue to wage class warfare. It's time we hit back hard. It's time we fire CEO Ken Lewis.
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Revolt & Bonuses/ B of A shareholders want Lewis out
Bank of America shareholders meet today in Charlotte, N.C., and this year, angry shareholders are mobilizing to remove three members of the bank's board, including CEO Ken Lewis. Julie Rose reports.
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Monday, April 27, 2009
Money for Nothing
It’s necessary to rescue Wall Street to protect the economy, but financial firms should be acting like public utilities, not returning to the practices and paychecks of 2007.
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read more | digg story
Sunday, April 26, 2009
Pelosi: 75% Of American's Want Investigation into Wallstreet
"At least 75% of the American people want an investigation as to what happened on Wallstreet. I'm not saying a criminal investigation, they just want to know. In order for us to make the right decisions going forward, we need to know what happened to get us here."
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