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Must Read Posts for July 14, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The Big Picture overviews a Time magazine article that was not online, which shows lobbyists bought our government in 2009 for $3.49 billion dollars. Gee, that's about as cheap as Manhattan was in 1626 (60 guilders).

Must Read Post #2

A post close to the heart for we sure have been saying similar things. Naked Capitalism's guest piece, The G20 Plan for Prosperity – Rubber Bullets and Shredded Social Safety Net.

Must Read Post #3

The Atlantic Monthly investigates a new breed of debt collectors. Seems they are buying debt that either isn't legal or people don't even know about and doing some additional illegal things trying to squeeze some money out of these people.

Must Read Post #4

Must Read Posts for July 11, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

Calculated Risk has a series of sovereign debt and default. In three parts:

Must Read Post #2

The rich are walking away from their mortgages much more than the middle class and poor. I guess a sense of duty, ethics and personal responsibility in today's world just doesn't pay.

Must Read Post #3

Must Read Posts for July 8, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The Wall Street Journal piece, Extend and Pretend, shows Commercial Real Estate loans are being manipulated to keep the losses off the books and loans out of default.

Restructurings of nonresidential loans stood at $23.9 billion at the end of the first quarter, more than three times the level a year earlier and seven times the level two years earlier. While not all were for commercial real estate, the total makes clear that large numbers of commercial-property borrowers got some leeway.

h/t Naked Capitalism

Must Read Post #2

Must Read Posts for July 5, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The New York Times analyzed the corporate tax code and found the oil industry is one of the most subsidized of them all.

According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9 percent, significantly lower than the overall rate of 25 percent for businesses in general and lower than virtually any other industry.

And for many small and midsize oil companies, the tax on capital investments is so low that it is more than eliminated by var-ious credits. These companies’ returns on those investments are often higher after taxes than before.

Must Read Posts for June 24, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The Supreme Court just made it tougher to prosecute white collar crime by limiting the honest services fraud law. Anyone else notice there have been no real prosecutions for the financial meltdown yet? Use a gun, get 40 years. Use a spreadsheet, get a multimillion dollar bonus.

Must Read Post #2

More and more evidences emerges that most of our Medical Doctors are sure not following the Hippocratic Oath. The University of Michigan stops Drug and Medical companies from buying off paying for Doctor's required medical licensing education.

Must Read Post #3

Drug Trials are being offshore outsourced. Yup, let's test our drugs for peanuts in 3rd world countries where problems and side effects won't be noticed or prosecuted.

80 percent of the drugs approved for sale in 2008 had trials in foreign countries, and 78 percent of all subjects who participated in clinical trials were enrolled at foreign sites.

Must Read Posts for June 20, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The New York Times has a great article on rip offs, scams and predators circling around the wounded gazelles as they run up their credit cards, out of money, in The New Poor: Peddling Relief, Firms Put Debtors in Deeper Hole. These creeps should not only be banned from operation, but should be tarred and feathered to boot.

Must Read Post #2

The Wall Street Journal investigated oil well construction and proved BP Relied on Cheaper Wells. Right, squeeze those costs and assume nothing bad will happen.

Must Read Post #3

The New York Times shows BP has a history of slashing costs, ignoring safety. While the spotlight is on BP, how many other corporations, do similar things from short term profits? From inane derivatives to security holes in software, squeezing the workers and costs is a never ending corporate mantra.

Must Read Post #4

Must Read Posts for June 13, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

Doctors are back to business as usual, putting patients lives at risk by taking kickbacks. Bloomberg investigates in New Hips Gone Awry Expose U.S. Kickbacks in Doctors’ Conflicts.

Must Read Post #2

Should people who cannot answer 150 ÷ 2 = ? be able to take out a home mortgage? A new study, overviewed by the New York Times, shows there is a correlation to being foreclosed on and not being able to answer simple arithmetic questions. No duh.

Must Read Post #3

Paul Krugman calls cash on the claim markets like ripping to shreds wages and social safety nets, as touted by the IMF.

Must Read Post #4

Trade Reform says it all (and why we need country of origin labels on food), in Chinese Organic Food, are you Kidding me?

Must Read Post #5

Must Read Posts for June 6, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

Gretchen Morgenson notes Banks are dumping their worthless residential loans, including home equity loans, on taxpayers via Fannie Mac and Freddie Mae.

Taxpayers are the ones holding the bag when institutions try to avoid losses by refusing to buy back problem loans they have sold to Fannie Mae and Freddie Mac, the mortgage finance giants that are wards of the state.

Must Read Post #2

Angry Bear wryly comments on the G20 new momentum to reduce deficits is all about Market Concerns:

Finance ministers from the world’s leading economies ripped up their support for fiscal stimulus on Saturday, recognising that financial market concerns over sovereign debt had forced a much greater focus on deficit reduction.

Must Read Post #3

Paul Krugman bemoans the obviously coming Lost Decade, due to G20's focus on debt. Maybe the lost decade has more to do with bailing out mega banks and ignoring the U.S. middle class and real economy.

Must Read Posts for June 5, 2010

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

I noted some serious doubt on a CBO report claiming the Federal Reserve's toxic holdings are money makers, but Naked Capitalism really drives it home as fiction in CBO Issues Fed Flattering Propaganda:

It conflates the discussion of budgetary costs and financial services industry subsidies, when explicit costs to taxpayers are only the tip of the iceberg of the bennies that banks received from Fed. While the other forms of support are arguably outside the CBO’s purview, the failure to state those omissions means that defenders of the Fed and the banksters can use this report to obscure the true extent of welfare for financiers.

Must Read Post #2

Must Read Posts for May 8, 2010 - Greece Edition

On The Economic Populist you might have noticed the left column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did. These posts are all related to the Greek Crisis.

Must Read Post #1

The New York Times has a fantastic graphic of the interdependence in Europe on Greek Debt with an accompanying article describing the EU dominoes.

 


Click on Image to Enlarge. Source: New York Times

 

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