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

Paul Volcker acknowledged the role trade imbalances play in this recession and overall U.S. economic malaise. and you thought it was just the Banksters.

Must Read Post #5

Economist's View has an interesting graph showing capacity utilization is not corresponding an increase in employment, with the appropriate lag. More evidence there is something (can anyone say outsourcing, structural economic problems, labor squeeze?) structural wrong with the U.S. economy. Although we've noted here, raw capacity itself, vs. utilization which is a ratio, has decreased.