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These are the most recent diaries filed under this tag:
Income inequality is killing the economy. Retailers, bankers and Democrats agree on that. Really. It’s only Republicans who continue to insist that income inequality is great, so no one, least of ...
by Leo W Gerard
Comment Count 2 comments on Tue Oct 21, 2014 at 07:26 AM PDT with 7 Recommends
The Star Ledger reports that S&P has cut New Jersey's debt rating from A+ to A, citing Governor Chris Christie's budget and pension issues . This is the ...
by HoundDog
Comment Count 28 comments on Wed Sep 10, 2014 at 02:58 PM PDT with 47 Recommends
Pope Francis, who suspended the Bishop of Bling last week, is beloved for his asceticism. He lives in Spartan rooms and drives a 1984 Renault. He runs an organization as big as any American ...
by Leo W Gerard
Comment Count 6 comments on Wed Oct 30, 2013 at 06:15 AM PDT with 3 Recommends
Just like any war, the GOP crusade against the Affordable Care Act cost blood and bounty. Republicans wounded their party with their failed gambit to defund the Affordable Care Act by shutting ...
by Leo W Gerard
Comment Count 20 comments on Wed Oct 23, 2013 at 06:24 AM PDT with 13 Recommends
One day after hijacking a veterans march on the World War II Memorial closed by the government shutdown her Tea Party has been demanding since 2011 , Sarah Palin took to Facebook to lob another ...
by Jon Perr
Comment Count 44 comments on Mon Oct 14, 2013 at 05:11 PM PDT with 35 Recommends
Al Qaeda chieftain Osama Bin Laden was never shy about the objectives of his jihad against the United States. High on that list was the destruction of the U.S. economy which, ...
by Jon Perr
Comment Count 11 comments on Tue Oct 08, 2013 at 01:55 PM PDT with 8 Recommends
So it's come down to this. Once again kowtowing to the most extreme members of his Republican Party, House Speaker John Boehner is willing to shut down the ...
by Jon Perr
Comment Count 7 comments on Fri Sep 20, 2013 at 02:53 PM PDT with 22 Recommends
During the tense final days leading up to the deal to avoid the so-called " fiscal cliff ," House Speaker John Boehner (R-OH) had some sharp words for Senate Majority Leader Harry Reid (D-NV). ...
by Jon Perr
Comment Count 7 comments on Tue Aug 27, 2013 at 04:40 PM PDT with 28 Recommends
On Tuesday night, CNN Out Front host Erin Burnett officially joined the ranks of Barack Obama's inquisitors with her special, " The Truth about Benghazi ." But for ...
by Jon Perr
Comment Count 2 comments on Tue Aug 06, 2013 at 03:40 PM PDT with 9 Recommends
Matt Taibbi places discredit where discredit's still quite overdue, squarely in the laps of the securities-ratings agencies, focusing upon Standard & Poor's and Moody's (the two largest in the sector)
by bobswern
Comment Count 93 comments on Thu Jun 20, 2013 at 12:51 PM PDT with 324 Recommends
In recent weeks, a growing consensus of economists, analysts and political leaders has called for an end to U.S. fiscal austerity . Even as the influential ...
by Jon Perr
Comment Count 3 comments on Mon Jun 10, 2013 at 10:38 AM PDT with 17 Recommends
Two months ago , I wrote about Moody's downgrading the UK's AAA debt rating and suggested: ...this decision will not have any impact on the UK's bond markets or financial security. Instead, this ...
by aguadito
Comment Count 12 comments on Tue Apr 23, 2013 at 12:51 AM PDT with 8 Recommends
Bob Swern published an excellent diary today titled, "Closely-Watched Court Decision Breaks Bad for Wall St. Has A Day of Reckoning Arrived?" But there is even more to the story that has got to make ...
by Flint
Comment Count 3 comments on Wed Feb 06, 2013 at 10:23 AM PST with 7 Recommends
For each of the last 38 years, Lake Superior State University has published its "List of Words to be Banished from the Queen's English for Misuse, Overuse and General Uselessness." But missing from ...
by Jon Perr
Comment Count 14 comments on Fri Jan 04, 2013 at 12:47 PM PST with 14 Recommends
With the fiscal cliff averted, Congressional Republicans are turning to their next�and more important�hostage. Without draconian spending cuts, they promise, the GOP will block any increase in ...
by Jon Perr
Comment Count 9 comments on Thu Jan 03, 2013 at 11:52 AM PST with 12 Recommends
It's bad enough that obstructionist Republicans in Congress have shattered the record for filibusters, blocked President Obama's judicial at an unprecedented rate and stonewalled economy-boosting ...
by Jon Perr
Comment Count 195 comments on Tue Dec 11, 2012 at 12:50 PM PST with 227 Recommends
The Dow Jones Industrial Average closed up 430.30 points, or 3.98 percent, at 11,240.15. The S&P 500 was up 53.18, or 4.75 percent; Nasdaq was up 124.83 percent, or 5.29 percent, in the best day ...
by HoundDog
Comment Count 10 comments on Tue Aug 09, 2011 at 03:00 PM PDT with 10 Recommends
It is an event of national security. Did Standard and Poors deliberately downgrade the U. S Rating to profit from selling the market short? We capture all electronic data. We have every phone ...
by kavips
Comment Count 15 comments on Mon Aug 08, 2011 at 11:09 AM PDT with 4 Recommends
While the markets don't give a fig about S&P's analysis of the creditworthiness of US debt, it does appear to fear that ...
by Armando
Comment Count 52 comments on Mon Aug 08, 2011 at 09:29 AM PDT with 30 Recommends
S&P on downgrade: "...the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act." Just in case ...
by Jymn
Comment Count 3 comments on Sun Aug 07, 2011 at 09:43 AM PDT with 4 Recommends