America: Arms dealer to the stars

Who's the number one weapons broker in the world, again? Take a guess
//www.sfgate.com/columnists/morford/

 

Fate of Democracy Now in Supreme Court's Hands

If the court rules to free corporations to make unlimited campaign expenditures from their treasuries, the election playing field will be tilted massively against candidates advancing the public interest.

//www.citizen.org/pressroom/release.cfm?ID=2959

 

Senate must raise debt ceiling above $12 Trillion

Obama is asking Congress to raise the debt ceiling, something lawmakers are almost certain to do despite misgivings about the federal debt. The ceiling already has been hiked three times in the past two years, and the House took action earlier this year to raise the ceiling to $13 trillion.

//snipurl.com/rpq0p

 

Top 1 Percent of Americans Reaped Two-Thirds of Income Gains

Two-thirds of the nation's total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households, and that top 1 percent held a larger share of income in 2007 than at any time since 1928,

//www.cbpp.org/cms/index.cfm?fa=view&id=2908

 

Treasury Sees Millions More Foreclosures

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.

//www.abcnews.go.com/Business/wireStory?id=8525289

 

Another Wave of Foreclosures Looms

The housing market faces the prospect of a new round of foreclosures as hundreds of thousands of risky home loans known as option adjustable-rate mortgages reset to significantly higher payments that could force borrowers to fall behind, according to a report released Tuesday by Fitch Ratings.

//snipurl.com/rpq14

 

Job openings down 50% from the peak in 2007

6 unemployed people for every available position
//snipurl.com/rpq18

 

Another financial crisis inevitable: Greenspan

Another global financial crisis is inevitable because human nature always reverts to "speculative excesses" during a period of sustained prosperity, former U.S. Federal Reserve Chairman Alan Greenspan said.

//www.informationclearinghouse.info/article23452.htm

 

Greenspan and Buffett issue recovery warning - papers

Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.

//snipurl.com/rpq1k


From Information Clearing House

 

//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=Greenspan
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=federal+debt
//freepage.twoday.net/search?q=Treasury
//freepage.twoday.net/search?q=recovery
//freepage.twoday.net/search?q=housing
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=foreclosure
//freepage.twoday.net/search?q=homeowner
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=corporation

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