Reader, regarding Wray's small praise it is largely a gambit by the Repugnants to distance their own major participation in creating the diasaster that is now the US economy. Note too that Wall Street is starting to distance themselves from the BHO PotUS economic wrecking crew as a consequence of their policies, notably endorsed by Wall Street. The meager awareness of the PotUS economic team's failure to intervene in a contructive fashion has forced BHO to declare a stronger interest in more financial reform.

From the late summer of 1985 into the early spring of 1986, the small town of Austin, Minnesota, figured prominently in the national news. The dramatic themes and issues, twists and turns, of a labor conflict there captured the national imagination. This interest was not merely passive, as more than thirty support committees formed across the U.S. and aid for the strikers came from nineteen countries. This strike touched a raw, deep nerve.

Readers, this is pretty basic stuff as it stands. In reading the article it would be well to remember that the shaping of our "culture" was entirely intentional, as a basis for stimulating consumption and sustaining various prejudices including racism. As social capital we may very well need to concentrate on how to reverse engineer the current embedded assumptions and structural priorities as a legacy. In many ways this essay only scratches the surface of the obliged discussion. More later, Tadit Anderson

Why Long Commutes Are Bad for the American Body and Mind

This capitalist crisis resembles a certain kind of serious disease. Different symptoms keep flaring up at different locations. It began with sub-prime mortgages in residential housing. Then, sequential flare-ups hit the private banking system, forced millions out of their jobs and homes, drastically cut world trade, and undermined the public services and national debts of several European countries. Meanwhile, another symptom festered in the credit freeze crippling so much private borrowing.

Readers, what is important here,imo, is the pattern that is emerging in the reaction world wide to the effect of the austerity as yet another piece of faith based economics which is causing some populations to de-legitimate the institutions of governance. In the self de-legitimation of these governments by attempting to enforce the franchise of the installed class interests, they are choosing violence toward the totalizing of its control.

You cannot make this stuff up. Timmy and his staff have gone into overdrive, denying that he has ever been employed by Goldman Sachs. The damage control began when NYC Mayor Michael Bloomberg said Geithner used to work at Goldman. here

The New England states, can no longer afford to spend scarce resources on tax credits and other business giveaways. Instead, the region needs to focus its economic development efforts on rebuilding neglected infrastructure and improving education for people at all levels, from pre-school youngsters to older adult workers.

Those are the conclusions of a new study released today by economist Jeffrey Thompson of the Political Economy Research Institute (PERI) at the University of Massachusetts,

Readers, Randall Wray pretty much pegs it on several points including the short attention span of the media chorus and the public. Further, it is only possible in an environment where reactionary economics also known as Free Market economics because "Free" is such a cool and American sort word that it almost makes ya feel patriotic just to say it.

Readers, this response to the so called austerity measures was totally predictable in terms of the un-necessary harm inflicted and the appropriate response of resistance. It is as if that the so called policy geniuses are nearly all functionally dis-educated into profound stupidity. The absolute arrogance that such dys-functional policies would produce a benign result demonstrates the corruption of academia as well as the political influence of moneied grifters.

Hint: it’s not "the Republicans."