Posts tagged as:

Economy

Our current recession was the result of a credit crisis. Unregulated derivatives, e.g. collateralized debt obligations (CDOs) and credit default swaps (CDSs), collapsed which in turn caused financial institutions to distrust each other. When the velocity of money started hovering close to zero the real economy collapsed since even good businesses could not get credit.
One [...]

{ 0 comments }

This is one of the photos I used to protest the threat of offshore drilling as an answer to rising gas prices last summer. This beach is 8 miles from my home, is a haven for migrating whales, pelicans, great blue herons and stubborn photographers. Just up the road there is a military firing range, [...]

{ 3 comments }

Truth is always stranger than fiction. As we get to know more and more we learn how truly this was a Faustian bargain. We know that we didn’t get hardly any good intel from torture but torture experts tell us that the victim will saying anything and everything to get it to stop. John McCain [...]

{ 2 comments }

Ed. Note: Kyle Sellers has crafted an excellent response to the questions posed in our earlier post about the proposed GOP budget, and has given permission for it to be reproduced here as a conservative counterpoint and answer to the questions asked. Kyle blogs at KyleSellers.com
My good friend Karoli (who contributes to The Bipartreport, a [...]

{ 7 comments }