California could have fallen into the sea, but the stock market would continue to spiral upwards - at least until the powers that be decided otherwise. Why? Because that's what it's been programmed to do. Anyone who thinks the market is being pumped by new money is having an out-of-mind experience. The Federal Reserve - Oracle of Delphi - held its first press conference this week since it was … [Read more...]
USAID + World Bank Provide Safety Net for Iraqis: Broken Net for Americans & US Small Business
The US Agency for International Development (USAID) and the World Bank are launching a Social Safety Net Program in Iraq. American tax dollars support USAID, and the US is a major contributor to the World Bank. Where is the safety net for Americans who will be footing the bill? USAID has also awarded more than $78 million in grants to 10,300 Iraqi businesses - creating or restoring jobs for … [Read more...]
Outsourcing the Outsourced Job: Best Paying No Work Jobs
A new Department of Labor report finds personal outsourcing is revolutionizing how Americans don't do their own work. … [Read more...]
Goldman Sachs Bailout Winner Dominates Banking Landscape
Under the policy enacted by former U.S. Treasury Secretary Henry Paulson, Goldman's chief executive until 2006, key competitors have failed or been diminished. Goldman is now poised to dominate the investment banking landscape. The following article by David Weidner appeared on MarketWatch.com on April 7, 2009 in Weidner's "Writing on the Wall" Column. Due to the importance of this piece, we are … [Read more...]
Welfare for the Wealthy – Socialism Americana
Senior executives who destroyed AIG wake up to the sweet smell of a billion dollar bonus package from American taxpayers - possibly reduced to a mere $165 million - for doing their job so well. Here's a possible explanation: Failures Have the Right Stuff: The majority of Americans are not only "allowed" to fail, we're told that failure will make us stronger and more resilient. The rich, … [Read more...]
Government Grants for Small Business Scams
Don't be a victim of government grant, easy money scams. According to the SBA, "Nothing good in life comes easy, and that includes getting financing for your small business." Here's an excellent SBA article that every small business owner should read - courtesy of the Fox Valley Chapter of SCORE. "Despite advertisements to the contrary, no federal government agency -- including the Small … [Read more...]
Letter to Bank USA
Banking on Humor to Get You Through the Banking Crisis Dear Sirs, In view of what seems to be happening with banks at the moment, I was wondering if you could advise me correctly about the following. If one of my checks is returned marked 'insufficient funds,' how do I know whether that refers to me, or to you? Sincerely, A Troubled Customer … [Read more...]