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.

http://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.

http://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.

http://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.

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


From Information Clearing House



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

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