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Showing posts from January 18, 2007

Housing Bubble Bloodbath

By Mike Whitney
01/13/06 "Information Clearing House" -- - I wonder if Alan Greenspan takes a copy of the business page along with him on the chair-lift at the Aspen, so he can read about the plummeting housing market before swooshing down the well-groomed bunny-slopes at his favorite ski resort. After all, no one played a larger role in inflating (what the “Economist” called) the “biggest equity bubble in history” than the retired Fed-master. His low interest-rate bonanza triggered a stampede of speculation in the real estate market sending prices through the stratosphere and setting the stage for the biggest economic bust in American history.

Are Democrats Turning A Blind Eye to Civil Liberty?

by Paul Craig Roberts

"Judging by Democrats' statements in the flush of their electoral victory, Democrats have little, if any, awareness of this critical fact. Democrats are anxious to get on with their agendas and have shown no recognition that the first order of business is to repeal the legislation that permits torture, warrantless detention, and domestic spying."

Crusade Number Four

"Thus begins President George Bush’s fourth war against the Muslim World. Invading dirt-poor Somalia is Bush’s last stab at military glory and a final effort to convince disgruntled American voters the so-called "war on terror" is a success. So also continues Washington’s preference of only invading small nations that cannot offer much initial resistance by conventional forces: Grenada, Panama, Haiti, Afghanistan, Iraq and now Somalia. Afghanistan has only 29 million wretched people; Iraq about 26 million – two-thirds of them in rebellion."