Capitalism creates CRISIS!

Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College

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Bank nationalization is coming, but we might call it “taking banks over”.

Nouriel Roubini is a Professor of Economics at NYU, and is has been forecasting this econcomic meltdown for some time.  It has earned him the nickname of “Doctor Doom”.
To Mr. Roubini, the most interesting question isn’t the one of who got it right. Instead, he asks why we “over and over again, get into these [...]

Kids always get it right, right?

(Click on the image to see it full size & read it.)

Fighting an Insurance Company When They Don’t Pay

From US News & World Report, via The Week:  When Timothy Stewart’s insurer paid only $2,600 of a $13,000 hospital bill, he brought in a hired gun.  Medical billing advocates, armed with insider information on billing practices and insurance policies, can help consumers uncover errors and settle disputes with healthcare providers and insurers.  You can [...]

Oprah Story on Education

This story had even more great perspective than I remember.  You’ll be very interested to read the story of the college student who can’t keep up because of the lousy prep she got in high school.
 http://www.oprah.com/slideshow/oprahshow…

Now that’s welfare!

Oh my god it’s a constitutional crisis

I couldn’t find anything really brief on this so I will write it out, hopefully shorter:
Ketchup says, “For one thing, the emergency nature of the crisis, the lack of prior long-term planning, and the early New Deal’s flexibility meant that nothing new was really in place until the late 1930’s.”  Eh, I don’t think so.
Before [...]

Roosevelt establishes the NRA so we can shoot poor people.

When they said that Roosevelt established the NRA, I was like WT_?  Here’s the word:
The other part of the National Industrial Recovery Act (NIRA) was the National Recovery Administration (NRA), whose task was to establish and administer industrywide codes that prohibited unfair trade practices, set minimum wages and maximum hours, guaranteed workers the right to [...]

how taxes would change under each presidential candidate

I saw this article on cnn.com and thought the chart was particularly helpful.  Disclosure: I do not know if people generally consider cnn.com or The Tax Policy Center are especially aligned with certain parties or ideologies.  Also, this article is from June 11, 2008, so there might have been revisions.  But I thought it would be helpful. [...]

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RSS Naked Capitalism

  • Links 11/22/09 November 22, 2009
    Unburied bodies tell the tale of Detroit — a city in despair Times Online Economists: Wrong Again Michael Panzner The illusion of improving global imbalances Richard Baldwin and Daria Taglioni, VoxEU (hat tip reader Don B) Unemployment rates rise in 29 states CNN (hat tip reader John D) Wall St. Finds Profits Again, Now by Reducing Mortgages Louise [...] […]
  • Antidote du Jour November 21, 2009
    Apologies for absence of links! Hope to be back to closer to usual programming early next week. […]
  • Stop the madness now! November 20, 2009
    By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting – and taken all of the heat in the comments. He says emphatically yes. Now [...] […]
  • Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion November 20, 2009
    This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment. […]
  • Ivy Zelman: “Home prices are going back down” November 20, 2009
    By Edward Harrison of Credit Writedowns. Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced house prices [...] […]

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RSS Naked Capitalism

  • Links 11/22/09 November 22, 2009
    Unburied bodies tell the tale of Detroit — a city in despair Times Online Economists: Wrong Again Michael Panzner The illusion of improving global imbalances Richard Baldwin and Daria Taglioni, VoxEU (hat tip reader Don B) Unemployment rates rise in 29 states CNN (hat tip reader John D) Wall St. Finds Profits Again, Now by Reducing Mortgages Louise [...] […]
    Yves Smith
  • Antidote du Jour November 21, 2009
    Apologies for absence of links! Hope to be back to closer to usual programming early next week. […]
    Yves Smith
  • Stop the madness now! November 20, 2009
    By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting – and taken all of the heat in the comments. He says emphatically yes. Now [...] […]
    Edward Harrison
  • Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion November 20, 2009
    This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment. […]
    Yves Smith
  • Ivy Zelman: “Home prices are going back down” November 20, 2009
    By Edward Harrison of Credit Writedowns. Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced house prices [...] […]
    Edward Harrison