27 Apr
By Michelle Singletary – The Washington Post
When Treasury Secretary Henry M. Paulson released the government’s blueprint for overhauling the nation’s financial regulatory structure, he promised to direct more attention toward the front-line people who arrange mortgage loans.
“Simply put, that process was broken,” Paulson said.
To protect consumers from predatory lending and deceptive disclosure practices, Paulson proposed [...]
27 Apr
By Jerome Taylor and Andrew Buncombe – The Independent UK
Rioting in Haiti. Rationing in America. Queues in Egypt. Protests in Afghanistan. As the price of food continues to soar, the impact is being felt by people around the globe
CHINA
The roaring economy and an ever expanding middle class have had a particularly profound effect on food [...]
27 Apr
By Sharon Weinberger – Wired
Critics be damned! Blackwater Worldwide is opening up a new Bat Cave in California, where the Dark Prince of private security contracting, and his loyal followers, can plot more ways to rescue blond damsels in distress. The San Diego Union Tribune reports;
The North Carolina company is planning to open an indoor training [...]
27 Apr
By Chalmers Johnson, Axis of Logic
60 years of enormous military spending is taking a dramatic toll on the rest of the economy.
The Pentagon Strangles Our Economy: Why the U.S. Has Gone Broke
As a result, going into 2008, the United States finds itself in the anomalous position of being unable to pay for its own [...]
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