The Predator State

by James Galbraith on Bill Moyer's Journal: Video and transcript

This is the big one. I have been working on financial crises since the New York City rescue in 1975. And this is, by far and away, the biggest threat to the system as a whole that we've seen in my lifetime and I think the biggest threat since the late 1920s.

//www.pbs.org/moyers/journal/10242008/watch2.html



US public pension funds face big losses

California's Calpers, the US's biggest pension fund, last week reported a loss of 20 per cent of its assets, or more than $40bn, between July 1 and October 20 this year.

//www.ft.com/cms/s/0/29c8e0c8-a3a0-11dd-942c-000077b07658.html?nclick_check=1



Banks pull squeeze play on credit cards

Companies cracking down, even on those with good credit, leaving customers to face interest rate leaps, lower credit limits and even canceled cards.

//www.startribune.com/business/33237284.html?elr=KArksUUUU



This Is What Denial Does

The financial crisis for which we must now pay so heavily prefigures the real collapse, when humanity bumps against its ecological limits.

//www.monbiot.com/archives/2008/10/14/this-is-what-denial-does/


From Information Clearing House



//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=pension+funds
//freepage.twoday.net/search?q=James+Galbraith
//freepage.twoday.net/search?q=George+Monbiot

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