Sigalon | Shared With: Everyone - Sep 20 2008 | business, finance, Politics-US
It was like a weather forecaster in Houston last weekend talking about the onset of Hurricane Ike by giving the average wind speed for the previous month.
But many on Wall Street did even worse, as Mr. Berman describes it. They continued to trade very complex securities concocted by their most creative bankers even though their risk management systems weren’t able to understand the details of what they owned.
Sigalon | Shared With: Everyone - Sep 19 2008 | democracy now, video, Politics-US
Quoted: Amidst Wall Street Woes, Labor Activist & Writer Bill Fletcher on “Solidarity Divided: The Crisis in Organized Labor and a New Path toward Social Justice”
While the press has extensively covered the Wall Street meltdown, little attention has been paid to what this means to the American worker. We speak to longtime labor activist and writer Bill Fletcher, co-author with Fernando Gapasin of the new book Solidarity Divided: The Crisis in Organized Labor and a New Path toward Social Justice. Fletcher is the executive editor of BlackCommentator.com and the former president of TransAfrica Forum.
Sigalon | Shared With: Everyone - Sep 18 2008 | finance, business, Politics-US
Sigalon | Shared With: Everyone - Sep 18 2008 | security, Politics-US
Sigalon | Shared With: Everyone - Sep 17 2008 | Politics-US, business, finance
Sigalon | Shared With: Everyone - Sep 10 2008 | Fannie Mae, Freddie Mac, Politics-US
Quoted: Senators Barack Obama and John McCain each cite the mess at Fannie Mae and Freddie Mac as a consequence of the corrosive coziness of lobbyists and politicians that they promise to end. But each man and his party also have ties to the fallen giants that will complicate the next president's job of reshaping the mortgage finance companies that have been essential to the economy.
Sigalon | Shared With: Everyone - Sep 07 2008 | Politics-US
Before she was running against him, Sarah Palin—the governor of Alaska and now the Republican candidate for Vice-President of the United States—thought it was pretty neat that Barack Obama was edging ahead of John McCain in her usually solidly red state. After all, she said, Obama’s campaign was using the same sort of language that she had in her gubernatorial race. “The theme of our campaign was ‘new energy,’ ” she said recently. “It was no more status quo, no more politics as usual, it was all about change.
Quoted: The New Yorker
Sigalon | Shared With: Everyone - Aug 26 2008 | Politics-US
Sigalon | Shared With: Everyone - Aug 24 2008 | Politics-US
Sigalon | Shared With: Everyone - Aug 24 2008 | finance, lending, business, Politics-US
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