Tag: economics

Wealth inequality in America ~ Disturbing graphic

Wealth inequality in America ~ Disturbing graphic

Wealth Inequality ~ Photo by Peter Stevens @flickr
Wealth Inequality ~ Photo by Peter Stevens @flickr

Wealth inequality in America ~ Very interesting video on the how perception of America’s distribution of wealth differs hugely from the reality. Exceedingly well done animated graphics tell a disturbing story of where wealth resides in America, and, as important, where it doesn’t.

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Iceland’s response to the economic crisis ~ What can we learn

Iceland’s response to the economic crisis ~ What can we learn

The ascertain here is that during the housing/derivative/financial crisis, bailing out the banks was NOT the ONLY solution. It was merely the best solution for banks that by-and-large caused the crisis. The victims of the crisis, the home owners, did not benefit from the bank bailout. Their debt remained essentially the same.

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Bank of America is raging hurricane of theft and fraud

Bank of America is raging hurricane of theft and fraud

Matt Taibbi: Bank of America is a “raging hurricane of theft and fraud”
Matt Taibbi: Bank of America is a “raging hurricane of theft and fraud”

Matt Taibbi of Rolling Stone magazine wrote a scathing piece for the OWS movement about widespread illegal practices committed by Bank of America, and how all of us, particularly the U.S. government, have been facilitators in B 0f A’s larceny. Taibbi is a very knowledgeable,  smart reporter on economic issues, and his piece stirred in me one of those Howard Beale moments when I wanted to yell, “I’m mad as hell, and I’m not going to take this anymore!”

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