Yankee Utopians in a Chinese Century: Wall Street Orthodoxy and the loss of the US Manufacturing base.
Before I continue, let me qualify something about the individual that’s being quoted in this post, conservative commentator, Pat Buchanan. There’s little doubt in my mind that Buchanan is a racist. I’ve arrived at this conclusion from his books, numerous op-eds as well as his conduct on MSNBC. He’s the type of racist that is … Continue reading
The necessity of financial freedom for african-americans
I find myself often not in agreement with Dr. Boyce Watkins on a few issues, but this is an excellent op-ed authored by him. It is 100% spot on in terms of how African-Americans need to be thinking with respect to financial independence. Dr. Watkin’s op-ed focuses on African-Americans as individuals achieving financial independence, but our thoughts … Continue reading
The End of the Empire?
Historically, there’s always an inflection point where one can point to as the critical factor contributing to the fall of a great power. For Great Britain, it was the end of World War II and the devastation it faced. These conditions made it unwieldy for Great Britain to maintain its empire. The dying days of the … Continue reading
Financial Crisis Addresses Skewed Income Distribution
A big issue over the past decade has been the skewed income and wealth distribution here in the US. It appears that the financial crisis has contributed towards mitigating this as the wealthy have lost big money since last year. This in from the New York Times.
Healthcare: No Public Option means your pocket continues hurting
This is from New York Times Columnist Bob Herbert: This Is Reform? By BOB HERBERT It’s never a contest when the interests of big business are pitted against the public interest. So if we manage to get health care “reform” this time around it will be the kind of reform that benefits the very people … Continue reading
The Next Big Bailout?
This in from one of my favorite financial soothsayers. This guy has been spot on in predicting the financial crisis that has engulfed our nation. Here’s what he has to say about social security. Social Security crunch coming fast Here’s a frightening prediction: The public pension system’s trust fund could go into the red in … Continue reading
Jobless?? Head East Young Man–Go to China!
Well, it looks like China is not only loaning us money, it’s also providing some American college grads a much needed job. This from the New York Times: American Graduates Finding Jobs in China BEIJING — Shanghai and Beijing are becoming new lands of opportunity for recent American college graduates who face unemployment nearing double … Continue reading
Accumulated Wisdom for Today's Economy
Both of my parents were from the rural south and were born a few years before the Great Depression. Like many African-Americans in the Great Migration, they moved north for better employment opportunities and a respite from the virulent racism that characterized the southern US in the post civil war period. They brought with them … Continue reading
Accumulated Wisdom for Today’s Economy
Both of my parents were from the rural south and were born a few years before the Great Depression. Like many African-Americans in the Great Migration, they moved north for better employment opportunities and a respite from the virulent racism that characterized the southern US in the post civil war period. They brought with … Continue reading
The African-American Clarion Call 