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This story has mostly positive ratings. 14 votes / No sinks

Is the Mortgage Industry Bankrupting Black America?

Money – The Senate deal had enough support to override a presidential veto. But more than 2 million loans were at least sixty days delinquent in April, according to data from the Hope Now program, set up by the banking industry to facilitate voluntary workouts of troubled loans. Which means Washington will ultimately have to revisit the question of how to

View Story Discuss (2) (thenation.com) 10 hours ago by tehranchik

Voted for on July 04, 2008 05:48pm Commented on 1 time: 1

This story has mostly positive ratings. 7 votes / No sinks

Almost everything that could is going wrong for world stockmarkets

Money – They rarely ring a bell at the bottom of bear markets. Investors who thought they had heard a tinkling sound when Bear Stearns, a failing American investment bank, was bundled into JPMorgan Chase in March have been disappointed. The Dow Jones Industrial Average is now weaker than it was in the spring.

View Story Discuss (4) (economist.com) 17 hours ago by _kam0_

Voted for on July 04, 2008 05:27pm Commented on 1 time: 1

This story has mostly positive ratings. 16 votes / No sinks

The Economy? Words Fail Me.

Money – Think you're worried about the economy? Phillip Swagel is a wreck. The assistant Treasury secretary for economic policy, Swagel came out for his monthly economic briefing yesterday, 90 minutes after the Labor Department reported that the country had shed jobs in June for the sixth straight month.

View Story Discuss (2) (washingtonpost.com) 1 day ago by Beau7890

Voted for on July 04, 2008 05:22pm Commented on 1 time: 1

This story has mostly positive ratings. 29 votes / No sinks

The Federal War on Financial Privacy

Money – While Americans are celebrating pre-revolutionary efforts by the English colonists to avoid taxes imposed by their government (e.g., the Sugar Act, Stamp Acts, Townshend Acts, and Tea Act), the IRS is celebrating a federal court victory forcing a Swiss bank, UBS, to disclose the identities of U.S. customers who may have used secret accounts at the

View Story Discuss (0) (fff.org) 12 hours ago by populist

Voted for on July 04, 2008 05:13pm

This story has mostly positive ratings. 36 votes / 2 sinks

Inflation Nation: Money as Debt

Money – One wonders how individuals, banks, governments, and other entities can all be in debt at the same time, owing astronomical amounts of money. This question is answered when we consider that banks don't lend actual money; they create it from debt, and since debt is potentially unlimited, so is the supply of money.

View Story Discuss (1) (populistamerica.com) 1 day ago by populist

Voted for on July 03, 2008 08:45pm Commented on 1 time: 1

This story has mostly positive ratings. 56 votes / No sinks

Retail gasoline demand down on $4 pricetag

Money – U.S. retail gasoline demand remained in a slump as high prices at the pump trimmed demand for the fuel, MasterCard Advisors said Tuesday.

View Story Discuss (4) (news.yahoo.com) 3 days ago by STONERS

Voted for on July 01, 2008 06:35pm Commented on 1 time: 1

This story has mostly positive ratings. 31 votes / 2 sinks

Six down, six to go...trillion dollars!

Money – America's economic misery index is fast climbing, yet most people still discount the current state of economic affairs as an "oil crisis," or a "housing crush," or a "credit crunch," or simply one more "mild recession"

View Story Discuss (2) (populistamerica.com) 3 days ago by populist

Voted for on July 01, 2008 06:30pm Commented on 1 time: 1

This story has mostly positive ratings. 24 votes / 1 sink

America's Underground

Money – The politicians believe that if they could stamp out the informal sector, cracked down on cash-only business, shut down the fly-by-night tree cutters and photocopiers, we would all be better off.

View Story Discuss (1) (blog.mises.org) 4 days ago by populist

Voted for on June 30, 2008 07:07pm Commented on 1 time: 1

This story has mostly positive ratings. 142 votes / 16 sinks

McCains Defaulted On Home Taxes For Last Four Years, Newsweek Reports

Politics – Newsweek is set to publish a highly embarrassing report on Sen. John McCain, revealing that the McCains have failed to pay taxes on their beach-front condo in La Jolla, California, for the last four years and are currently in default, The Huffington Post has learned.

View Story Discuss (248) (newsweek.com) 6 days ago by TheVisionary

Commented on 1 time: 1

This story has mostly positive ratings. 78 votes / No sinks

Rising Bank Fees Squeeze Consumers

Money – Banks charge consumers more in fees every year. Last year, banks collected $38.6 billion in service charges, according to the Federal Deposit Insurance Corp.

View Story Discuss (5) (npr.org) 5 days ago by engineer

Voted for on June 29, 2008 04:27pm Commented on 1 time: 1

This story has mostly positive ratings. 39 votes / 1 sink

As Bill Evolves, Mortgage Debt Is Snowballing

Money – When Congress started fashioning a sweeping rescue package for struggling homeowners earlier this year, 2.6 million loans were in trouble. But the problem has grown considerably in just six months and is continuing to worsen.

View Story Discuss (2) (nytimes.com) 6 days ago by TechnologyExpert

Voted for on June 29, 2008 04:17pm Commented on 1 time: 1

This story has mostly positive ratings. 238 votes / 5 sinks

Dire predictions about gasoline prices

Money – Their cars may not be left to rust away by the roadside, but economists from one of North America's largest banks say millions of Americans will not be able to afford to drive their cars within the next few years because the price of gasoline will have risen so much.

View Story Discuss (148) (centralvalleybusinesstimes.com) 6 days ago by STONERS

Voted for on June 29, 2008 04:14pm Commented on 1 time: 1

This story has mostly positive ratings. 72 votes / 2 sinks

8 Signs the Economy Is Slumping

Money – This post compiles eight signs which shows that the economy is going DOWN.

View Story Discuss (9) (npr.org) 5 days ago by engineer

Voted for on June 29, 2008 04:07pm Commented on 1 time: 1

This story has mostly positive ratings. 115 votes / 2 sinks

Everybody Needs Somebody

Music – Jake and Elwood (Dan Akroyd and James Belushi) from the Blues Brothers perform before a most distinguished and motley crowd in this new Spadecaller video.

View Story Discuss (43) (youtube.com) 27 days ago by Spadecaller

Voted for on June 08, 2008 02:59pm Commented on 1 time: 1

This story has mostly positive ratings. 82 votes / No sinks

Gonzales Gets a Job

Politics – Since that whole US Attorney scandal thing, former AG Alberto Gonzales has had a little trouble finding work. But not any more!

View Story Discuss (24) (tpmmuckraker.talkingpointsmemo.com) 26 days ago by bluetexasvalley

Voted for on June 08, 2008 10:05am

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