WASHINGTON — The FBI is investigating a hacker attack on Citigroup Inc. that led to the theft of tens of millions of dollars, The Wall Street Journal reported Tuesday. Citing anonymous government officials, the Journal reported that the hackers were connected to a Russian cyber gang. Two other com[...]
Archive for the ‘Economy’ Category
Economic Guerilla Warfare
In the vast urban wasteland that is America there is a quiet little battle being waged between the forces of high finance and common everyday citizens. After years of usury and abuse, the tables have turned in this economic turmoil, giving homeowners the upper hand for the first time in decades. As[...]
December 13th, 2009 - 7:36 pm § in Economy
Don’t Just Walk on By
A growing number of Americans are simply walking away from their financial obligations, dumping underwater mortgages, and moving from home “ownership” to renting. These people argue that they are simply making a financial decision, weighing both the pros and cons, and deciding that it s[...]
August 8th, 2009 - 3:14 pm § in Economy
Talk about Bad Timing…
The jobless rate fell for the first time since April 2008, going down to 9.4%, and offering a glimmer of hope that the economy may be on the mend after the longest global downturn since the end of World War II. The number of jobs lost also fell to 247,000 in July to a level not [...][...]
GOP Budget Proposal: Massive Tax Cut For Wealthy
House Republican leaders called a press conference Thursday to unveil their “alternative budget.” While it was thin on specifics, it does include one major policy proposal: a huge tax cut for the wealthy. Well tax cuts are the best way to grow the economy, shrink the deficit, and balance[...]
Blanca’s Stimulus Plan
Now that the House has finally passed a stimulus plan–thankfully without a single Republican vote–it is time for Blanca to introduce her own stimulus plan. Out of character, this particular stimulus plan has everything to do with the economy and nothing to do with sex toys. For years our[...]
Are You Better Off Today…
The line, which won Reagan the election in 1980 was not “well, there you go again.” It was “are you better off today than you were four years ago.” No one really understood what he meant by “there you go again.” In fact, most Americans didn’t even know wh[...]
It’s a Record!
Oil finally reached $100 a barrel, albeit briefly, today, marking the first time in history that the black stuff had hit the century mark. While the left wing blogosphere has been going ape shit over this latest “evidence” of Bush’s poor handling of the economy, those of us on the [...]
