Pop Goes the Economic Bubble

Senate to Introduce Foreclosure Assistance Bill
“On Capitol Hill, Senate lawmakers say they’re close to a deal on assistance for the millions of Americans faced with home foreclosure in the nation’s housing crisis. Senate leaders say they could introduce the bill later today. The legislation would follow widespread criticism of last month’s federal bailout of the […]

How are we supposed to make energy?

Oil Execs Asked to Justify Huge Profits at Congressional Hearing
The executives of the five biggest oil companies— Exxon Mobil, Royal Dutch Shell, BP, ConocoPhilips and Chevron—were called to testify at a congressional hearing on Tuesday. Lawmakers took them to task for making enormous profits but investing next to nothing in renewable sources of energy. They […]

Wal Mart Drops $400,000 Suit Against Employee

“After tremendous adverse publicity, retail giant Wal-Marthas announced it is dropping its effort to collect over $400,000 in healthcare reimbursement from Debbie Shank, a former employee. Debbie lost much of her memory and ability to communicate or walk in a car crash in May 2000. Her family successfully sued the trucking company involved, […]

Bite of the Day: Fossil Fools Day!

Outside the citibank headquarters in Manahattan, two people were arrested a an anti-coal protest, “criticizing Citibank’s major financial stake in the coal industry.”

The protesters, some of whom had chained themselves to the front doors and had to be sawed out by police, are demanding Citibank shift their large-scale investments in coal-fired power plants due to […]

Bite of the Day: Boo Bush, Boo.

 
The Daily Banter’s Peter Bauer reports, “President Bush was booed Sunday as he threw out the first pitch for the Washington Nationals.” Seems like the cows are coming home, I mean cowboys. Cowboys. In about seven years, the Bush legacy is not in tip-top shape according to a stadium of nationals.
Bush then [2001]:
Bush Now: […]

Bite of the Day: Bank Loses $19Billion

In the largest fallout in Europe from the US economic crisis so far, UBS - Switzerland’s largest bank has reported a loss of 19 billion dollars. Apparently, the subprime mortgage crisis that is rattled the American economy to warnings of depression, is doing more than decreasing consumerism abroad.
This ties in with the recent government bail […]