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Economy

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Fiscal Year 2009 Federal Deficit Projected to be $482 Billion

No, that isn’t a typo. In 2009, the Federal Deficit will be around $482 billion dollars. Can you honestly even picture that kind of money? It’s hard to even fathom such a staggering amount.
When you look at the expenditures of the United States, your mind will boggle even more. If we are to believe […]

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George Bush Goes For Broke

A banana republic is one of those places where 1 in 5 of the dollars spent by the government is borrowed, the trade deficit exceeds 6% of GNP, and the president funds the state with a printing press in the basement.
What brings things to a head is usually a sudden loss of confidence; some big […]

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Dollar’s Future And The Iranian Oil Burse Proposal

I am certainly not an economics expert, but as you have been reading from the news I select, I am very attracted to giving exposure to news and stories that not only get no coverage whatsoever on mainstream media, but which get little or no coverage at all even by independent bloggers and news sites. […]

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Interest Free Wealth: Is It Possible?

“When citizens are convinced that interest - which ought to be correctly called usury - on money is necessary, they accept without question the current state of violence, war, poverty, scarcity and lack that continues to dominate the world in a negative fashion as we progress into this 21st Century.”

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Intellectual Property Issues May Be Our Greatest Enemy

The big content owners have been determining the world’s intellectual property regimes for the last few decades.
By clever lobbying at extraordinarily boring conferences, they had managed by the late 90s to commit governments, through the world trade talks, to a draconian programme of laws extending the notion of intellectual property to the point where […]

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GM Crops: Russian Research Shows Real Dangers On Newborns

Here is another story you will not find on mainstream media.
A breakthrough study from a national Russian research agency suggests that a diet with genetically-modified (GM) soy may indeed affect newborns of parents maintaining a GM-based food diet.
According to the study reported by Russian federal news agency Regnum News Agency, GM foods can affect […]

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No More Freedom of Choice for Personal Health

Rather than being concerned on whether RSS will replace email or P2P going mainstream this year or next, here is something we should all be seriously worried about:
Business is taking over our personal and fundamental right to be able to choose our own health remedies.
Our ability to decide and select the way that we […]

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Hurricane resources

Just a short list of resources:

First stop for finding loved ones- Katrina PeopleFinder Project
HurricaneHousing.org
SafeKatrina.com
MissingKatrina.com
Network for Good
Hurricane Help

Hurricane Safe List
Hurricane Katrina - Refugee Connect

KatrinaSurvivor.net

MSNBC Safe list
Katrina Survivor-Connector List
WDSU message list
craigslist NO
Salvation Army Team Emergency Radio Network
Hurricane Katrina Disaster Recovery Assistance
KatrinaFinder.us
Housing Opportunities for Katrina Survivors
The National Next Of Kin Registry
NOLA Missing Persons
NowPublic Missing Persons Board
Sun Herald […]

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P2P Payment System as Bank-less Economic Infrastructure

Conceived by Ryan Fugger and quite formally defined by Sylvain Poirier, a new P2P-based monetary system is based on trust that already exists between people in real-world social networks.
By cutting out the institutional middlemen, it is both more community-oriented and more efficient as a means of exchange.
National monetary systems rely on trust in […]

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Economies of Cooperation


If companies can open themselves up to contributions from enthusiastic customers and partners, that should help them create products and services faster, with fewer duds — and at far lower cost, with far less risk.

This is what BusinessWeek writes in a long and well documented essay entitled “The Power of Us” that will be part […]

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iBill bilking its customers

The New York Daily Times broke this story back in January, but very little has been heard about it since, either on the televised news or on the Web.

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Argentinas Stuns Observers: Rebuilding the Economy from the Bottom Up

Three years after the collapse of Argentina’s economy under IMF and World Bank recipes for development, the South American country’s budding recovery is stunning international observers.
Defying the IMF’s prescriptions, president Kirchner and his economic advisers have told creditors to get in line and wait, while building the economy from the bottom up. An excellent […]

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Economic ‘Armageddon’ Predicted

Think America’s on the path of fiscal responsibility? Really? Brett Arends of The Boston Herald writes:
Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish.
But you should hear what he’s saying in private.
Roach met select groups of fund managers downtown last week, including a group […]