Category Archives: The New Depression

NY Fed’s bottom line: Banksters above the law


Most people who buck the system are easily pressured to change course, but a few are more likely to get their back up and hold steady, at least until the pressure becomes unbearable. Gretchen Morgenson wrote today of one such … Continue reading

Posted in economic collapse, Great Recession, Obama, Politics, The New Depression, Wall Street, world-wide economy | Tagged , , , , , , , , , | 1 Comment

Obama bans war criminals. Very funny.


It’s good to see something by Nat Hentoff, who wrote for Village Voice when it was worth reading and is still fighting the good fight against people in powerful positions who break the law. The subject matter of Hentoff’s recent … Continue reading

Posted in Congress, enviromentalism, Goldman Sachs, Great Recession, mainstream media, Obama, Politics, The New Depression, unemployment, Wall Street | Tagged , , , , , , , , , , | 3 Comments

A jobs-led recovery — what a concept!


A report written by Rutgers law and economics professor Philip Harvey pushes for a jobs-led recovery in place of the jobless recovery over which Barack Obama has chosen to preside up to now. Harvey’s plan involves quick creation of a … Continue reading

Posted in economic collapse, Great Recession, livable cities, mainstream media, Obama, Politics, The New Depression, unemployment | Tagged , , , | 2 Comments

Cost of Bush’s wars? At least $12K per American


The U.S. in Afghanistan is looking a lot like the U.S.S.R. in Afghanistan. The cost of the war there and in Iraq, our other quagmire, is one of the two main causes of our record deficit, the other being lowered … Continue reading

Posted in economic collapse, Great Recession, humor, Iraq war, Politics, taxes, The New Depression | Tagged , , , , | 1 Comment

More songs about buildings and bikes


I was watching a sunburned woman with red hair in a thick braid. In the corner of my eye, a bike rider zoomed past and disappeared behind a bus. I stepped into the street for another look, but the rider … Continue reading

Posted in arts, enviromentalism, Great Recession, humor, livable cities, Philadelphia, pop music, The New Depression | Tagged , , , , , , | 6 Comments

Low wages = no recovery. Suck on that, Perry.


He walks tall, he talks tall, he sucks a mean corn dog in Iowa but, as Paul Krugman notes, Rick Perry is merely another well-groomed Republican liar when he promises to speed the country’s economic recovery: In June 2011, the … Continue reading

Posted in economic collapse, enviromentalism, God Squad, Great Recession, humor, mainstream media, New York Times, Politics, The New Depression, unemployment | Tagged , , , , , , | 3 Comments

God, Super PACs on Perry’s side


At last, a real man in the presidential race — the God-fearing Texan with the designer cowboy boots and permanent wave who likes to be photographed holding guns to prove he’s virile, I guess because he suspects voters have their … Continue reading

Posted in God Squad, Great Recession, humor, Politics, The New Depression | Tagged , , , , , | 1 Comment

London looters bypass bookstores… Sign o’ the times?


Looter A: Listen, mate, two quid will get you ten boxes of the latest Franzen, in hardcover. Looter B: Bollocks! What about the new Xbox 360 games? Cutbacks in social services for the poor helped trigger riots this week in … Continue reading

Posted in arts, economic collapse, globalization, Great Recession, humor, livable cities, mainstream media, The New Depression, unemployment | Tagged , , , , | 1 Comment

Obama a liability in Wisconsin recall efforts?


To establish a majority in the state Senate, Wisconsin Democrats needed to defeat three of the six Republicans challenged in recall elections held Tuesday. They defeated two. A good day but not good enough, arguably because Barack Obama and other … Continue reading

Posted in economic collapse, Great Recession, mainstream media, Obama, Politics, taxes, The New Depression, unemployment | Tagged , , , , | 1 Comment

SugarHouse workers to bet on unionizing


Sure, the SugarHouse Casino next to the Delaware River is an eyesore and a sick solution to the scarcity of good jobs in Philadelphia. However, casino workers deserve job security and a fairer share of the loot that’s not being … Continue reading

Posted in casinos, City Hall, City Paper, economic collapse, Great Recession, Philadelphia, Politics, taxes, The New Depression, unemployment | Tagged , , , , | Leave a comment