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Biden Wins Veepstakes!

VP newsfilter (because someone’s got to do it) The Times just confirmed that the Obama Campaign has chosen Delaware’s 65-year-old Senator Joe Biden as the presumptive nominee’s Vice Presidential running mate. With decades of foreign policy experience (including a recent stint in war-torn Georgia), and as the Chairman of the Senate Foreign Relations Committee, can Biden help pull the ticket out of a neck and neck tie with Senator John McCain [more inside]
posted by punkbitch on Aug 22, 2008 - 457 comments

Once in a lifetime

And you may find yourself behind the wheel of a large automobile | And you may find yourself in a beautiful house, with a beautiful wife | And you may ask yourself... Well...How did I get here?
posted by unSane on Aug 19, 2008 - 68 comments

"In the long run, we are all dead" -- JM Keynes

oh shit (short-term?). oh shit (long-term!).
posted by orthogonality on Jul 6, 2008 - 65 comments

Blue Collar Babies

Pregnancy Boom at Gloucester High As summer vacation begins, 17 girls at Gloucester High School are expecting babies—more than four times the number of pregnancies the 1,200-student school had last year. Some adults dismissed the statistic as a blip. Others blamed hit movies like Juno and Knocked Up for glamorizing young unwed mothers. But principal Joseph Sullivan knows at least part of the reason there's been such a spike in teen pregnancies in this Massachusetts fishing town.
posted by swift on Jun 19, 2008 - 209 comments

Mortgaging America

America's for sale. Just ask Treasury Secretary Henry Paulson. With the U.S. economy in shambles, Paulson just spent four days touring the Middle East, hat in hand, looking for investors to bail us out. Specifically, on Monday, Paulson met with heads of the Abu Dhabi Investment Authority, the world's largest "sovereign wealth fund" with roughly $875 billion in assets, and encouraged them to buy American businesses. Mortgaging America by Eric J. Weiner (LA Times Op Ed) [more inside]
posted by ornate insect on Jun 5, 2008 - 42 comments

"Crude is passé"

Eight reasons you'll rejoice when we hit $8-a-gallon gasoline.
posted by jbickers on May 31, 2008 - 156 comments

$3 Trillion Shopping Spree

The $3 Trillion Shopping Spree. "The occupation of Iraq will cost $3 trillion, America's most expensive conflict since WWII. Can YOU spend that money better? Here's your chance to go on a virtual $3 trillion shopping spree and prove it!" [Via Gristmill.]
posted by homunculus on May 10, 2008 - 66 comments

The Rise of the Rest

The Rise of the Rest. Fareed Zakaria's Newsweek article about a "post-American" world.
posted by goodnewsfortheinsane on May 5, 2008 - 42 comments

Paying For The 1%

Fiscal Pressures Lead Some States to Free Inmates Early, says the Washington Post. Across the United States, a financial crisis is brewing in our nation's correctional systems. California, which has the largest prison system in the nation, (housing 170,000 inmates with a capacity of only 100,000), plans to increase the budget for new prison construction by 7 to 14 billion dollars, on top of releasing 22,000 nonviolent prisoners on unsupervised parole. Other states, especially Michigan, face an even more dire situation... [more inside]
posted by Avenger on May 5, 2008 - 41 comments

Are US Inflation and Employment Underestimated?

"Hard Numbers: The Economy is Worse than You Know" [full article for Harper's subscribers, a different abridged version] discusses how the Consumer Price Index and other US economic statistics have been manipulated over time. Among other things, the article claims, these changes make Social Security checks 70% lower than they would otherwise be. [more inside]
posted by salvia on May 5, 2008 - 73 comments

Soros: Financial crisis as bad as the Great Depression

The Financial Crisis: An Interview with George Soros. "We are in the midst of a financial crisis the likes of which we haven't seen since the Great Depression." (video, April 4)
posted by stbalbach on Apr 28, 2008 - 56 comments

The financial turmoil of 2007-?

The financial turmoil of 2007-?: a preliminary assessment and some policy considerations (pdf) "All episodes of financial distress of a systemic nature, with potentially significant implications for the real economy, arguably have at their root an overextension in risk-taking and in balance sheets in good times, masked by the veneer of a vibrant economy. This overextension generates financial vulnerabilities that are clearly revealed only once the economic environment becomes less benign, in turn contributing to its further deterioration." A scholarly, sane, relatively brief, accessible-to-the-layperson, and mostly apolitical look at the current turmoil.
posted by Kwantsar on Apr 23, 2008 - 36 comments

The Audacity of Government

A very special 'This American Life' about an administration with the endemic belief that laws only apply to the little people, and a limitless refusal to concede on even petty issues, no matter the costs. The highlight is about immigrant widows of US citizens (30:50). The program also discusses the constitutional beliefs of the presidential candidates. [more inside]
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Apr 2, 2008 - 43 comments

Why the US is collapsing

The leader of the Swedish Pirate Party explaining how the US went bankrupt in 1971, and has been covering it up through an accelerating whack-a-mole borrowing frenzy that is bursting right now. [more inside]
posted by blasdelf on Mar 22, 2008 - 121 comments

Contemporary Hooverville

Tent cities spring up in L.A. With foreclosures rates still rising, shantytowns have started springing up in Los Angeles.
posted by MythMaker on Mar 18, 2008 - 81 comments

Queue for the soup kitchen may start here

"What we are now seeing is the break up of Bretton Woods mark 2." The Guardian's economics editor, Larry Elliot, on growing fears of a global depression. [single link op-ed alert]
posted by ClanvidHorse on Feb 25, 2008 - 122 comments

Subprime Artistry

The Subprime Primer. [via] An entertaining, lo-fi, comic-book style explanation of the complex Subprime Mortgage mess.
posted by afx114 on Feb 17, 2008 - 77 comments

If you can't say it in words, say it in song

A most succinct explanation of the current problems facing Wall Street.
posted by Lord_Pall on Feb 8, 2008 - 26 comments

Why A Recession Might Be A Good Thing

The Upside of the Downside "I never imagined I’d find myself in the curious position of having so much more than my parents ever had, of having more, frankly, than I ever thought I would have—and yet simultaneously feeling like I’m falling behind, that I need to earn more, save more, invest more, acquire more. When did I begin to feel this anxiety of acquisition? How did I become such a jackass?"
posted by ThePinkSuperhero on Feb 5, 2008 - 138 comments

The Top Ten Things Environmentalists Need to Learn

The Top Ten Things Environmentalists Need to Learn Unfortunately, many of those who claim to be working for environmental improvements lack an understanding of a few basic concepts which are absolutely critical to accomplishing anything. The idea that it is nessisary or honorable to make sacrifices to save this planet are overly simplistic and lack a true understanding of the forces at work. To use a phrase I have come to like, they are “Not even wrong.”
posted by DV8 2XL on Feb 2, 2008 - 168 comments

It's the economy, stupid.

The return of tight money fiscal conservatism? Former Chairman of the Federal Reserve Paul Volcker endorses Barack Obama. [more inside]
posted by markkraft on Feb 2, 2008 - 35 comments

living in a gilded cage

America's debtor prisons.
posted by geos on Jan 25, 2008 - 81 comments

Oh, the humanity!

HorribleEconomicNewsFilter: Rogue trader costs his bank 7 billion dollar. Take that, Nick Leeson!
posted by Skeptic on Jan 24, 2008 - 55 comments

US Census Bureau's DataWeb

TheDataWeb - a network of online data libraries on topics including census data, economic data, health data, income and unemployment data, population data, labor data, cancer data, crime and transportation data, family dynamics, vital statistics data
posted by Gyan on Dec 26, 2007 - 10 comments

DOOOOOM! Oh wait, Nevermind. We're fine. You're still doomed though.

Some see an economic apocalypse. Others see an err.. economic apocalypse. But have no fear! A solution is at hand. [more inside]
posted by Lord_Pall on Dec 13, 2007 - 61 comments

Economic Consequences

The Economic Consequences of Mr. Bush. "The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup." [Via Firedoglake.]
posted by homunculus on Nov 18, 2007 - 70 comments

Cuba: an accidental revolution

Cuba: The Accidental Revolution. Hasta la revolucion ? Maybe, but some revolution is dictated more by need than by politics. In this documentary, we are shown how Cuba is converting from oil-subsidized agricolture to organic agricolture with remarkable results. The presence of a police state isn't conveniently forgotten, as much as the facts that public education, public healthcare and limited, regulated free enterprise markets are helping Cubans in the transition from the illusion of freedom in a subsidized economy to a far less comfortable and rich, but more sustainable and independant economy.
posted by elpapacito on Oct 26, 2007 - 48 comments

"Poor people sending even poorer people $100"

What is the most important antipoverty program in the world? The surprising answer is remittances, the earnings sent from overseas workers back home - which, according to a new study, totals over $300 billion a year. There is an interactive map that shows you the impact per country: over 10% of the GDP of economies such as Morocco, Jordan, and the Philippines comes from these payments, which are often the largest source of investment for most developing countries. The New York Times has a neat feature showing how global migration and remittances are tied together.
posted by blahblahblah on Oct 17, 2007 - 29 comments

Something rotten in the state of Han

Corruption Threatens China's Future In a new report for the Carnegie Foundation, Pei Minxin offers an estimate that official corruption in China may cost as much as USD86bln each year - 0.65 percent of GDP and more than the education budget. He calls for economic and political reform; his critics might say no surprise there.
posted by Abiezer on Oct 12, 2007 - 17 comments

Canadian Money becomes Real Money

Parity - The Canadian Dollar is (almost) at equal value to the American Dollar for the first time since 1976.
posted by SansPoint on Sep 20, 2007 - 80 comments

The Age of Disaster Capitalism

The Age of Disaster Capitalism [more inside]
posted by y2karl on Sep 12, 2007 - 124 comments

From Red to Green

"The model of economic development that we are currently pursuing is unsustainable. Our energy consumption per unit of GDP is seven times that of Japan, six times that of America, and even 2.8 times that of India. China’s labour productivity is less than 10 per cent of the world total, and yet our emissions are over 10 times higher than the global average." ~ Pan Yue - deputy director of China's State Environmental Protection Administration (SEPA). Part of a new generation of outspoken Chinese senior officials, Pan has given rise to a tide of environmental debate, attracting enormous attention and controversy. Read his articles here : - China: economic powerhouse, environmentally unsustainable - part one and part two
posted by infini on Jul 29, 2007 - 34 comments

The Myth of the Rational Voter

Why are American voters reluctant to support free market policies when professional economists have achieved near-consensus? Bryan Caplan of the Cato Institute investigates. (pdf)
posted by stammer on Jun 1, 2007 - 71 comments

Since 578 CE

14-century old Japanese business folds. How often does one get to type that?
posted by Pope Guilty on Apr 18, 2007 - 32 comments

Come on ride the train...

BubbleFilter: Real Estate Roller Coaster. [via] US Home prices adjusted for inflation plotted as a first-person ride on a roller coaster. Keep your eye on the bottom right-hand corner for the corresponding year. Don't worry about the dramatic ending. I mean really, how bad could bad get?
posted by afx114 on Apr 3, 2007 - 97 comments

Revisiting The Economy of Attention

The currency of the New Economy won't be money, but attention -- A radical theory of value. It's with great hesitation that I post an article that refers to the Internet as "cyberspace", but I found this article revolutionary when I read it almost ten years ago. Does MetaFilter prove it right after all these years?
posted by Chinese Jet Pilot on Apr 3, 2007 - 40 comments

Mind the gap. Wait, nevermind.

Income inequality continues to rise. Or maybe not.

Professors Emmanuel Saez and Thomas Piketty and the Cato Institute's Alan Reynolds debate on how to measure[PDF] income inequality. Despite the ongoing debate, President Bush has decided, "The fact is that income inequality is real; it's been rising for more than 25 years."
posted by peeedro on Mar 30, 2007 - 81 comments

Smallist: Better living through Smallistry

Better living through Smallistry at Smallist. Gadgets, spaces, beverages, fetishes: ultra-niche blogging at its finest. [via mefi projects]
posted by cortex on Mar 24, 2007 - 19 comments

Can America Survive Suburbia?

The National Automobile Slum: I propose that we now identify the human ecology of America precisely for what it really has become: the national automobile slum.-- James Howard Kunstler “Can America Survive Suburbia?”
posted by lonefrontranger on Mar 20, 2007 - 45 comments

Earn Ben Stein's Money

Terribly Exciting Interesting article from Ben Stein, regarding business, the economy, and the American middle class. and just when I thought I figured him out..
posted by ShawnString on Mar 13, 2007 - 67 comments

Economic States

California = France? Norwegian bløgger Carl Størmer (via THE BIG PICTURE) made a U.S. map substituting the state names for other countries of equivalent GDP. Some of the substitutions are funny: Illinois = Mexico? Texas = Canada? New Jersey = Russia? Hawaii = Nigeria? Oregon = Israel? But your economic mileage will vary: apparently California no longer has the "sixth-largest economy in the world", no matter what The Governator says. Wikipedia chimes in, while some Californians don't want to be bothered with facts.
posted by wendell on Jan 16, 2007 - 39 comments

Power, corruption and lies.

Power, corruption and lies. An article in which one Will Hutton discusses China's weakness.
posted by thirteenkiller on Jan 8, 2007 - 32 comments

The Economist: The World in 2007

In 2007 there will be lots of anniversaries, the web will keep killing the television star, the popcorn will taste familiar, humankind will come closer still to achieving immortality, and text messaging will conquer Africa. And although the spread of democracy is stalling (don't worry however - the Swedes still win (pdf)), it's still down to George Bush.

The Economist: The World in 2007.
posted by goodnewsfortheinsane on Dec 2, 2006 - 38 comments

Buy a house or you will die.

If you continue to wait, you may never be able to afford to get into the housing market. The National Association of Home Builders wants you to buy a home now. Should you wait? No, no, no, no! Via Housing Panic.
posted by brain_drain on Dec 1, 2006 - 91 comments

A Concrete Solution to Pollution

A Concrete Solution to Pollution With concerns over global warming and pollution control reaching an all-time high, an Italian company has developed an interesting solution. It is called TX Active: a concrete that literally breaks down pollutants in the air. The effects are significant: 'In large cities with persistent pollution problems caused by car emissions, smoke from heating systems, and industrial activities, both the company and outside experts estimate that covering 15% of all visible urban surfaces (painting the walls, repaving the roads) with products containing TX Active could abate pollution by up to 50%.' Even more significant is that the cost is only 30% over that of normal concrete. Remarkable.
posted by PreacherTom on Nov 10, 2006 - 22 comments

Virtual Economies

As virtual worlds economic activity and populations grow, the importance of Real Money Trade comes to the fore. When does fraud inside game worlds become illegal? when do earnings from online worlds become taxable? [discussion], and what happens when real day traders get interested? [more inside]
posted by MetaMonkey on Oct 21, 2006 - 25 comments

Potatoes for everyone

Rat race got you down? Grabbing for the brass ring? Looking for a land of jobs and opportunity? Live the Irish Dream!
posted by jellicle on Oct 20, 2006 - 36 comments

What do you mean I can't pay my rent with this?

The Bitchun Society is now open for all of your Whuffie-market needs. Or cynical mocking, take your pick. Via (of course) BoingBoing. Can a brother get a ping? Confused?
posted by loquacious on Oct 6, 2006 - 58 comments

Mexico's Uncertainty -- and More?

Felipe Calderon has been declared the next President of Mexico, but the controversy has not ended as his rival, Andres Manuel Lopez Obrador has vowed to stay in the streets. The most intense conflict has been in Oaxaca, but this is underreported in the US media. Tie this in with a recent Mother Jones article describing the current influx of Mexicans into the United States as an exodus from a failed economy, and all of a sudden the reports coming from Mexico take on a very different meaning.
posted by graymouser on Sep 7, 2006 - 33 comments

The U.S. takes the crown.

Where do you find the U.S. in this 2006 CIA World Factbook list? Yep. It's ok... things are cool because of all those lucrative foreign investments like T-bills. Trouble is, oil and euros are looking a lot better. Is this a recipe for a collapse?
posted by chef_boyardee on Aug 14, 2006 - 42 comments

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