Archive for July, 2008
Statement on the Bailout of Fannie Mae and Freddie Mac
A statement from Dean Baker of the Center for Economics and Policy Research: The collapse of the housing bubble has put the survival of Fannie Mae and Freddie Mac in jeopardy, as those of us who warned of the bubble have long predicted. While there can be no question of supporting these mortgage giants at ...Read more.
Fannie Mae/Freddie Mac, Revisited
The bailout of Fannie Mae and Freddie Mac that was announced yesterday was predictable. In fact, D&S collective member and frequent blog contributor Larry Peterson was on this story back in early May: The New York Times reported today that the two mega government-sponsored mortgage lenders, who have single-handedly kept the US mortgage market from ...Read more.
G-8 Crisis: Failing to Fight Food Prices
This weeks meeting of the G-8 Industrial nation’s leaders concluded with a statement pledging action on, in part, the issue of rising global food prices; “We agreed on the need to address in particular, issues of elevated oil and food prices and global inflationary pressure, stability of the financial markets and fight against protectionism.” It ...Read more.
Unemployment and Production Stagnation
According to recent reports on unemployment, the U.S. economy shed an additional 62,000 jobs in June bring the yearly total to a frightening level. The total amount of jobs that have disappeared from the economy for this year is now close to half a million, at 438,000, with almost all those missing jobs showing up ...Read more.
Victory on unemployment insurance!
This just in from our friends at the Economic Policy Institute: After months of campaigning by EPI and allied groups, Congress finally enacted a 13-week extension of unemployment benefits in all 50 states and the District of Columbia. The veto-proof June 27 vote is expected to help more than 3 million unemployed workers who otherwise ...Read more.
The Doctors' Revolt
Ida Hellander, executive director of Physicians for a National Health Program, emailed us recently with praise for Paying More, Getting Less, from our May/June issue. She called the article “very clear and compelling. It will be very, very useful to all of us in the single payer movement… Thanks again for publishing this article. I’ve ...Read more.
