Tag Archives: economy

Riots In London As President Obama Meets With G-20 Summit Leaders

As widely predicted, London’s financial district is seeing rioting mobs today as President Obama meets with world leaders during the G-20 Summit. As President Obama was holding one-on-one meetings Wednesday with the leaders of Russia and China, thousands of protesters marched in the streets of London, and there were several violent clashes with police. A mob of protesters, many of …

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GM CEO Resigns At Obama’s Demand

These days when the president tells you to resign, you do it. The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said. On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by …

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Maddow: GOP=D’OH

Rachel Maddow tears into the GOP’s proposed budget.

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Raves For Obama’s Press Conference

TV’s talking heads are giving President Obama rave reviews for last night’s press conference. (Via – Americablog)

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The Defeatocrats Cheer

(Via – Andrew Sullivan)

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MTA Reveals Fare Hike Plan

Gothamist reports the MTA’s proposed fare hikes, which will likely come unless the state grants a huge bailout. -Single rides would go from $2 to $2.50—a 25% hike-7-day unlimited cards would be $31 (now $25)—a 24% hike-14-day unlimited cards would be $59 (now $47)—a 25% hike-30-day unlimited card would be $103 (now $81)—a 27% hike A $22 hike in the …

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Resign Or Commit Suicide

Wow, Sen. Charles Grassley (R-IA) didn’t pull any punches when it comes to the AIG execs taking responsibility for the company’s woes. “I suggest, you know, obviously, maybe they ought to be removed,” Grassley said. “But I would suggest the first thing that would make me feel a little bit better toward them if they’d follow the Japanese example and …

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The Unaffordable Culture Wars

The reliable Frank Rich writes in today’s NYT: The family-values dinosaurs that once stalked the earth — Falwell, Robertson, Dobson and Reed — are now either dead, retired or disgraced. Their less-famous successors pumped out their pro forma e-mail blasts, but to little avail. The Republican National Committee said nothing whatsoever about Obama’s reversal of Bush stem-cell policy. That’s quite …

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NAACP Sues Mortgage Lenders

The NAACP is suing two major banks, claiming they engaged in racist lending practices. The NAACP filed lawsuits Friday against two of the nation’s largest mortgage lenders — HSBC and Wells Fargo — alleging “systematic, institutionalized racism” in their subprime lending.NAACP CEO Benjamin Jealous says, “We are not seeking damages; we just want them to fix the problem.” We have …

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Uninventing Suburbia

Over at The Atlantic, Richard Florida thinks the current economic crisis will result in the most radical redrawing of the physical American landscape since the onset of the Industrial Age. The housing bubble was the ultimate expression, and perhaps the last gasp, of an economic system some 80 years in the making, and now well past its “sell-by” date. The …

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Jon Stewart Vs. Jim Cramer=TENSE

.cc_box a:hover .cc_home{background:url(‘http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png’) !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show a{color:#707070;text-decoration:none;}.cc_title a{color:#868686;text-decoration:none;}.cc_links a:hover{color:#67bee2;text-decoration:underline;} The Daily Show With Jon StewartM – Th 11p / 10c Jim Cramer Interview Outtake Pt. 3 Daily Show Full EpisodesImportant Things w/ Demetri Martin Political HumorJim Cramer

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The GOP Has Hope For America

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Recession Kills Death Penalty

One bright light in all these economic woes – states are realizing that it’s cheaper to incarcerate a prisoner for life than to put them to death. Death penalty advocates have always argued that a single shot from a needle is “pennies per prisoner” justice, but that is light years from the truth and states are finally getting the picture. …

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Jon Stewart Eviscerates CNBC And Rick “Tea Party” Santelli

.cc_box a:hover .cc_home{background:url(‘http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png’) !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show a{color:#707070;text-decoration:none;}.cc_title a{color:#868686;text-decoration:none;}.cc_links a:hover{color:#67bee2;text-decoration:underline;} The Daily Show With Jon StewartM – Th 11p / 10c CNBC Gives Financial Advice Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorJoke of the Day

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HomoQuotable – Rep. Jared Polis

“I have to say, that when we say, ‘Who killed the Rocky Mountain News,’ we’re all part of it, for better or worse, and I argue it’s mostly for the better. We can’t just kill it and walk away. It’s important for all of us to reach out to some of those on the other side and present the progressive …

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The Astroturf Tea Party

Playboy Magazine, of all sources, is claiming that this weekend’s “tea party” anti-Obama rallies around the nation were not, in fact, a spontaneous burst of grassroots outrage prompted by CNBC host Rick Santelli’s viral YouTube clip, but were actually a carefully plotted campaign planned months ago. What hasn’t been reported until now is evidence linking Santelli’s “tea party” rant with …

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Pay As You Go

To about about a no-frills airline: Irish carrier Ryanair, Europe’s largest budget airline, might start charging passengers for using the toilet while flying, chief executive Michael O’Leary said on Friday. “One thing we have looked at in the past and are looking at again is the possibility of maybe putting a coin slot on the toilet door so that people …

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The End Of Virgin

Virgin Megastore has announced that it will close its San Francisco location at the end of April. NYC’s Times Square store closes then too, with the Union Square store following at the end of May. That leaves the chain with three remaining locations: Denver, Orlando, and Hollywood. However an industry insider tells me today that those three stores will shutter …

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Maine’s Innkeepers Want Marriage Equality

Yesterday a coalition of Maine innkeepers lobbied the state capital in support of that state’s pending marriage equality bill. [Innkeeper Jim] Davitt, 67, said Tuesday he supports the bill for business and personal reasons. “We get people from all over the world staying here — straight and gay,” he said. “We’ve had gay and straight guests here at the same …

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Have Things Bottomed Out?

According to this graphic, the current recession is only slightly worse than the ’73-’74 event, at least in terms of the value of the stock market. And the Wall Street Journal -owned site MarketWatch says the recession has already bottomed out and recovery is now being seen in 21 leading economic indicator categories. (Graphic via – Andew Sullivan)

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