Category Archives: Economy

Questionable Journalism

They build a strong case here. I’m not impressed with CNN’s reporting.  Pretty strong arguments against Ali Velshi here.

CNN’s Velshi Pimping Dirty ‘Oil Sands’ Boondoggle

CNN’s senior business correspondent, Ali Velshi, is a one-man public relations team for the polluters that advertise on his network. In response to rising energy prices, Velshi has spent months promoting the Nazi-era technology of liquid coal. On CNN’s American Morning, Ali Velshi previewed his weeklong tribute to another disastrous and dirty boondoggle, the Alberta [...]

Mid-Week Update

Finally found a few moments to wade through the wonderful world of blogging, and stumbled on a few things that really caught my eye.  I know I’ve been bad about updating lately, and I apologize.  Now, start reading.  And, don’t be afraid to leave a comment along the way.

English Only Rule Aimed at High School Valedictorian

The folks of Terrabone Parish in Louisiana want to cultivate their image as being backwards. Their lack of values are showing. Now they are set to require all speeches be made in English after the Valedictorian included a sentence of Vietnamese in hers — she did so to honor her parents, proving her own strong values.

McCain gets ‘visibly angry’ when challenged on whether military experience prepares him to be president.

ABC News’ David Wright reports that when he asked John McCain to “explain how his Vietnam experience prepared him for the presidency,” McCain “became visibly angry”: McCain became visibly angry when I asked him to explain how his Vietnam experience prepared him for the Presidency. “Please,” he said, recoiling back in his seat in distaste at the [...]

Bush Stimulates The Porn Industry With His Economic Package

When President Bush announced his economic stimulus in January, he bragged that his package was the “right size” and would “boost” the economy: I am pleased that this agreement meets the criterion that I set forth last week to provide an effective, robust, and temporary set of incentives that will boost our economy and [...]

Another McCain-ism

Hate to play “gotcha” so frequently with Mr. McCain, but he’s certainly giving us ample opportunity to do so.

Can McCain Find A Single Economist To Back His Claim That Offshore Drilling Will Lower Gas Prices?

Our guest blogger is Adam Jentleson, the Communications and Outreach Director for the Hyde Park Project at the Center for American Progress Action Fund. The government’s official source for energy statistics says that offshore drilling will not have a “significant impact” on gas prices until 2030. McCain’s own campaign admits that offshore drilling will have [...]

Finally Friday

And, you know, it just couldn’t get here fast enough! It’s one of those days where the clouds are hanging around, threatening to rain.  A little rain wouldn’t hurt around here, unlike for our neighbors to the north where floodwaters continue to be a problem.

And, no surprise here, Americans aren’t happy.  Not at all.

Eight in 10 Americans say country is headed in the ‘wrong direction.’

A new AP-Ipsos poll finds that nearly eight in 10 Americans believe “the country is moving in the wrong direction…amid soaring food and gas prices, falling home values and unending war. Just 17 percent say the country is going in the right direction.” This figure is the lowest since the survey began in 2003, and [...]

Drilling For Oil

At first, I was beginning to go along with the President’s oil drilling idea, unveiled this morning. I was figuring we really do need to go looking for every little  bit of crude oil we might have hidden away under American soil or water.  I can’t avoid looking at the signs at every gas station I drive by, I guess it’s the same thing as looking at a car crash or a train wreck.  Who would have thought that we’d be seeing $4 a gallon gas? Somebody, somewhere, should have seen this coming.  And something should have been done to ward it off. But, there was no anticipation, no planning, no changes.   And, here we are, talking about something that, apparently, isn’t going to make a bit of a difference.

Bush Disagrees With His Own Energy Dept, Claims Drilling In Arctic Refuge Will ‘Bring Enormous Benefits’

This morning in the White House Rose Garden, President Bush called on Congress to “pass good legislation as soon as possible” that would lift the federal ban on exploring the Outer Continental Shelf (OCS) and allow states to permit offshore oil drilling. Bush said in order to relieve the “painful level” of gas prices, “our [...]

Fathers’ Day Winding Down

Nice one around here.  Had a wonderful phone chat with my day, then our kids had us over for a barbecue and now we’re home.

Earlier today, I was skimming through some DVD’s old old news programs I’d done a couple of years ago.  March of 2006, and was taken aback by the business segments, where our market analyst was commenting on 60 dollar a barrel oil and how it needed to be back down to 50 to make the market happy.  HA! Now, we’re looking at 150! Two short years. Memories.  Memories

Ugly Economy Is Back To The 1970s

Not since the 1970s has the U.S. economy faced such an ugly combination of a persistent energy shock, a looming recession threat and menacing inflation that stays stubbornly high — even in the face of a screeching slowdown in growth. This combination has the Federal Reserve, charged by law with [...]

Technorati Tags: ,,

Friday Night Economy

As if all the other news (Russert, tornadoes, floods) wasn’t bad enough, here’s a tasty tidbit from the economic front.

US Foreclosure Filings Surge 48 Percent In May

Soaring foreclosures are continuing to raise questions about the mortgage industry’s claims that they are making a dent in the housing crisis. Foreclosure filings last month were up nearly 50 percent compared with a year earlier. Nationwide, [...]