33 posts tagged “economy”

(CNN) -- The nation's sagging economy is expected to be in the spotlight Friday as President-elect Barack Obama and Vice President-elect Joe Biden hold their first news conference since the election.

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Garages and yards of Manteca, Calif., offer a crash course in kitchen-table economics each weekend.... As the classified ads put it, everything must go. Socks. Christmas ornaments. Microwave ovens. Three-year-old Marita Duarte’s tricycle, sold by her mother, Beatriz, to a stranger for $3 even as her daughter was riding it...

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Action Alert
Demonstrate at the White House Nov. 14 & 15 to say:
Money to Meet People's Needs, Not Bankers' Greed

The ANSWER Coalition, VoteNoBailout.org, ImpeachBush.org and scores of other organizations are mobilizing for demonstrations on Friday night, November 14, and Saturday, November 15, when the Bush administration will be hosting heads of state from around the world, bankers, and the heads of the International Monetary Fund, World Bank and other international institutions to coordinate the ongoing transfer of money from working families into the pockets of the richest bankers.
Congress has caved in to the Bush administration and provided $2.5 trillion in total in money and loan guarantees to the bankers. Meanwhile, more than 2 million families have either been driven from their homes because of foreclosure, or are seriously behind in their payments and risking foreclosure. When the people can't pay the interest on their mortgages, bankers drive them from their homes. But when the richest bankers can't meet their debts, the government bails them out with taxpayers' money.
On Friday evening, November 14, the heads of state and bankers will be wined and dined at a White House dinner, and then on Saturday, November 15 they will hold a summit meeting. Join us at the White House to say "Money for Meet People's Needs, Not Bankers' Greed!"
Friday, November 14
5:00 pm
White House in Washington, D.C.
Saturday, November 15
11:00 am
Location TBA in Washington, D.C.

For updates about the plan, check back at http://www.answercoalition.org/, email info@answercoalition.org or call 202-544-3389 x14.
Please make an urgently needed donation by clicking on this link.

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A.N.S.W.E.R. Coalition
http://www.answercoalition.org/
info@internationalanswer.org
National Office in Washington DC: 202-544-3389
New York City: 212-694-8720
Los Angeles: 213-251-1025
San Francisco: 415-821-6545
Chicago: 773-463-0311

Technorati Tags: A.N.S.W.E.R. Coalition,protests,actions,activism

Former Fed chairman says crisis will pass, and U.S. will end up with 'far sounder financial system.'...
NEW YORK (CNNMoney.com) -- Former Federal Reserve Chairman Alan Greenspan told a House committee Thursday that the nation will emerge from the current credit crisis with a "far sounder financial system.""We are in the midst of a once-in-a century credit tsunami," Greenspan told the House Oversight and Reform Committee.

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While Joe the Taxpayer is stocking up on canned spam, candles, ammunition, and recipes for dog meat, the war pigs from Raytheon, Northrup-Grumman, and Lockheed-Martin are popping the corks on the bubbly aboard their private yachts. The New World Order: by invitation only, peasants. Now get back to work....
Original article....
By Bill Rigby, NEW YORK (Reuters) - Defense contractors Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) and General Dynamics Corp's (GD.N: Quote, Profile, Research, Stock Buzz) quarterly earnings beat Wall Street forecasts, showing few signs that U.S. defense spending will slow, despite the uncertainty of a new administration and a tight federal budget.
The defense unit of Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) also posted higher quarterly profit on Wednesday, partly offsetting the effects of a six-week strike at its commercial plane plants, which dragged down its overall quarterly profit.
Northrop and General Dynamics shares rose, while Boeing fell 7.6 percent
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Bankers of the world, unite! You have nothing to lose but your bonuses, houses in Esher, holidays in the Caribbean and your Jermyn Street shirts. The upside is that you have the time, at last, to read the complete works of Karl Marx. The prophet of revolutionaries everywhere, the scourge of capitalism, is enjoying a comeback.

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Does our vote really count? This witty and thought provoking short by filmmakers Chris Metzler and Josh Kurz contemplates the logic of voting. While the famous economist Gordon Tullock explains why he doesn't vote, the film goes on to suggest a deeper purpose for exercising this essential democratic right.

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