Grand Theft Economics

Bernanke Sees 2010 Recovery ‘Only If’ Banks Stabilize

picture was not part of the original post

Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is in a “severe” contraction, and warned the recession may last into 2010 unless policy makers can stabilize the financial system.

“If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability — and only if that is the case, in my view – – there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery,” Bernanke said in remarks to the Senate Banking Committee in Washington.

Pro life vs Pro choice

Found this @ http://steveskojec.com  It is one of the best Pro Choice arguments I have ever seen!

Vodpod videos no longer available.

more about “Pro life vs Pro choice“, posted with vodpod

 

 

 

Man Arrested and Charged in Deaths of Woman, 4 Kids

Joshua Steven Durcho, shown here in 2004

 EL RENO, Okla. —  A man being sought in connection with the deaths of an Oklahoma woman and her four young children was captured in Texas on Tuesday night after a car accident, authorities said.

Joshua Steven Durcho, 25, was taken into custody in Texas’ Hamilton County, said Oklahoma State Bureau of Investigation spokeswoman Jessica Brown.

Swindlers Find Growing Market in Foreclosures

As home values across the country continue to plummet, the authorities say a new breed of swindler is preying on the tens of thousands of homeowners desperate to avoid foreclosure.

No Mug? Drug Makers Cut Out Goodies for Doctors

Dr. Jeffrey F. Caren, a cardiologist at Cedars-Sinai Medical Center in Los Angeles, has collected more than 1,200 free pens from drug companies.

To Lehman Brothers, Linen ’n Things and the blank VHS tape, add another American institution that expired in 2008: drug company trinkets.

Foreclosure at the Mall

The local mall probably isn’t going to turn into a ghost town, but business sure isn’t great for mall owners these days.

Forget those 50-percent-off signs. This winter you are likely to see a new sign at your local mall: “Going Out of Business.” And that means big trouble for mall owners already struggling to survive.

The nation’s shopping center owners are facing a recessionary double whammy: consumers who are spending less and real estate investors who are holding back money used to finance their operations.

The Story of Power

The study of power is not only diverting (which Homer and Shakespeare knew), but illuminating. A biography of an ancient human impulse.

Police Find Second Car Belonging to ‘Santa’ Massacre Suspect

 

A bomb squad investigates missing 'Santa Shooter' vehicle.

COVINA, Calif. —  Authorities in California found a second car rented by the man believed to have killed nine at a Christmas Eve massacre before fatally shooting himself.