Feeds:
Posts
Comments

Posts Tagged ‘business’

 

For all the talk of Wall Street reform and consumer protections the problem of predatory lending has not been eliminated.

Subprime lending continues in the auto financing industry and elsewhere, and unlike conservatives’ criticism of the housing market there are no federal subsidies to finger. Policymakers have, indeed, caused the problem but for reasons other than what many of us have been led to believe. True, Freddie and Fannie Mae advocated for the dream of home ownership even as it floated out of Americans’ reach. However, this reality only begs the obvious but lesser asked question: Why is the American Dream drifting out of reach in the first place? And might the answer to this question reveal that the hollowing-out of the middle class bears a reciprocal relationship to market volatility?

 

(more…)

Read Full Post »

What Raindrops Tell us About the Emergent World Order

President H.W. Bush, borrowing a phrase from an earlier¬†era,¬†popularized the term “New World Order” (NWO) in the early 1990s. But while the New World Order has legitimate roots, it has come to be associated with little more than paranoid conspiracy.

Given what we’ve witnessed in recent times, however, is it wise to continue to dismiss the notion out-of-hand?

(more…)

Read Full Post »

Older Posts »