World-News

MARIE COCCO

A Rebound Without Recovery

truthdig.com - Nothing deflates irrational exuberance like retailers who are practically giving stuff away to get people into their stores. This is how things look in the real economy, the one in which unemployment is 9.5 percent - the highest in 26 years - and is expected to rise. This is the economy of pay cuts and freezes, reduced hours and workers whose employers who have stopped contributing to 401(k) retirement plans.

http://caf.democracyinaction.org/dia/track.jsp?v=2&c=Rqi1PTrfYDRHgj2B%2F1t0NXrGjWG80%2Bcf



ROBERT KUTTNER

Wall Street On Speed

huffingtonpost.com - The New York Times recently reported that the latest scheme - or scam - on Wall Street is something called High Frequency Trading. There are a couple of possibilities of what is at work here. One is that Goldman and others are literally using privileged information to make trades ahead of markets, in which case they are committing a felony. The other possibility is that the Goldmans of the world have found themselves a nice loophole. But suppose that High Frequency Trading doesn't violate any law. It still is the essence of what's wrong with the recent metastasis of money markets into private game preserves for insider-traders.

http://caf.democracyinaction.org/dia/track.jsp?v=2&c=hRV3%2B1Ku0YZHgj2B%2F1t0NXrGjWG80%2Bcf



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