Reference: The Fraud-Based US Economy

The attached blog,  “Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems,” is a cut-and-paste accumulation of a variety of outlooks. Most are  based on analyses or accumulated wisdom, but some appear based on hunches, ideologies, etc.  Taken together, however, they paint a horrifying picture of the American political economy and our prospects for …

Review: The Compassionate Instinct–The Science of Human Goodness

Extraordinary Collection, Unique, Timely, No Notes December 16, 2009 Dacher Keltner, Jason March, Jeremy Adam Smith This is a truly extraordinary collection of essays from the magazine Greater Good, a magazine I had no idea existed. The editors have done a tremendous job in selecting 35 essays (click on the cover above to see the …

Journal: Wall Street & the Obama Administration

Chuck Spinney sends…. Obama’s Big Sellout The president has packed his economic team with Wall Street insiders intent on turning the bailout into an all-out giveaway MATT TAIBBI Rolling Stone Dec 09, 2009 Phi Beta Iota: We include the entire article below to share Chuck Spinney’s value-added highlights.  See the original article without highlights by …

Review: The End of Money and the Future of Civilization

EXTRACTS from A Book Review by Richard C. Cook (FREE VERMONT MEDIA) It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it …

Journal: Why the Gang of Six is deciding healthcare for 300 million of us

Six senators representing 3 percent of the population are running things because the White House wants it that way By Robert Reich Aug. 23, 2009 | On Thursday, the so-called Gang of Six – three Republicans and three Democrats on the Senate Finance Committee – met by conference call and, according to Max Baucus, D-Mont., …