November 2008

Borrow Money with No Interest? Oh, that doesn't mean you little consumer!

Submitted by on

Imagine my joy when I read the headline, Zero Rate World May Lie Ahead.

The age of free money may be at hand.

As major central banks slash interest rates with unexpected speed, benchmark borrowing costs are now below core inflation for the first time since the early 1980s, and policy makers are signaling they will go deeper.

Insuring The United States Debt

Submitted by on

money tree

Here is one scary article, which I have been wondering about with the U.S. spraying money like it grows on trees.

Contained within While bailing out, U.S. is digging itself deeper into debt are some very frightening questions about the federal deficit and insuring against a United States default on their debt:

It's a question debt-rating agencies are asking as they add the bailout to the soaring cost of Social Security and Medicare.

It's something investors are wondering as they have bid up by more than threefold the cost of insuring against a United States default.

Now right now, ratings agencies are not putting U.S. Treasuries into any downgraded status, but look at this quote:

Insuring The United States Debt

Submitted by on

money tree

Here is one scary article, which I have been wondering about with the U.S. spraying money like it grows on trees.

Contained within While bailing out, U.S. is digging itself deeper into debt are some very frightening questions about the federal deficit and insuring against a United States default on their debt:

It's a question debt-rating agencies are asking as they add the bailout to the soaring cost of Social Security and Medicare.

It's something investors are wondering as they have bid up by more than threefold the cost of insuring against a United States default.

Now right now, ratings agencies are not putting U.S. Treasuries into any downgraded status, but look at this quote:

Pfizer Forcing U.S. Citizens to Train H-1B Guest Worker Replacements Before Being Fired

Submitted by on

This is one of the most disgusting and egregious corporate acts I can think of.

Pfizer Accused of Using U.S. Workers to Train Foreign Replacements:

Pfizer's outsourcing contract with Infosys Technologies and Satyam Computer Services means job losses for IT workers in Connecticut. Many U.S.-based contractors are complaining that they are being asked to train H-1B workers who will soon replace them.

Unfortunately we have heard this story repeatedly. Professionals have testified before Congress and multiple reports have witnessed this despicable treatment before throwing away U.S. workers.

Free Trade Lost ! Fair Trade Wins Big in Election 2008

Submitted by on

Here's some good news. According to Public Citizen, the American now has 30 more Representatives on renegotiating and reforming United States trade policy. We picked up 26 fair trade representatives in the House and 4 in the Senate.

Oh yeah, the too close to call races, some of them ran on reforming trade in working America's and the national interest.

The Next Bubble: $2 Trillion In Federal Borrowing

Submitted by on

"[Obama] will inherit an economy that is in recession and ... is likely to get worse before it gets better."
- Stuart Hoffman, chief economist for PNC Financial Services

The whole world is focused on America's presidential election, but people have forgotten that the next president is going to inherit the mess that the current president has left.

Pages