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economy

This tag is associated with 18 posts

Bling Bling Money Ain’t a Thing (see I’m cool)

This doesn’t have much to do with anything in the news, I just saw it in this month’s issue of National Geographic (sorry Mohammad, no jungle boobies in this one) and thought I’d share… According to the attached article (click to enlarge), the United States has 3,300,000 millionaires — as compared to the entire Middle [...]

Today I want 2 share my feeling

SHALOM! Ichulim! Today I am deciding to write because I am very anxious feeling over this country’s failing to pass a bailout bill for banks and corps. As to many might know I am working for my zaide who is a big macher (CEO and primary shareholder) at Sugarman Financial Industries which is big international [...]

Wu Tang Financial Latest Wall Street Giant To Collapse

[youtube=http://www.youtube.com/watch?v=-5s3SFcWh58] The Federal Reserve refused to extend any taxpayer-funded grants in its meeting last night to bail out Wu Tang Financial, the latest financial services giant to collapse as a result of the credit crunch caused by years of sub-prime mortgages and predatory lending. The government reiterated earlier comments that although the ripple effects from [...]

Payday for Denver’s Homeless: the Soft Potemkin Village

He supports McCain’s tax plan. In anticipation of the upcoming Democratic Obama-lovefest, the city of Denver faces the dilemma of many big cities nearing the limelight of a major event: what to do with those human eyesores, the homeless. And yes, this is the question they pose, whether an American liberal or conservative (although San [...]

For all the Chavez haters

This month, Francisco Rodríguez published an article in Foreign Affairs entitled “An Empty Revolution: The Unfulfilled Promises of Hugo Chávez“. The piece attempts to make the case that Chavez’s economic policies have not benefited the poor — that in fact, the poor are hurting more now than ever. The Center for Economic and Policy Research [...]

Let Them Eat Cake!

All of them! The Gazans and the Egyptian riot police underlings too! The following account of the events in Mahalla has been circulating on listserves. Intifada in Al Mahalla A popular uprising has been taking place in Al Mahalla Al Kobra since April 6. Local residents, in the tens of thousands, took to the streets [...]

Egyptian State Goons Round Up Activists and Me

There was a general strike called today all across Egypt to protest the inflation, corruption and general messedupedness in the country and the government’s lack of concern – an Egyptian minister stated the other week that Egyptians can live on one pound and a half (less than 20 cents). The leftist independent newspaper al-badeel claimed [...]

How Do You Say Marketplace In Arabic?

NPR/PRI’s financial program packed its suitcases and sent its staff to the Middle East to report from one of the world’s fastest growing economies for a few days. And yes, there is enough to fill a couple of weeks’ worth of programming; it is not solely oil. Now if reading the above paragraph gave you [...]

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