FED REGULATION Revamp of rules proposal debated
Plan to overhaul financial oversight is set for release today
WASHINGTON -- In proposing the broadest overhaul of financial oversight since the Great Depression, the Bush administration has kicked off a fierce debate. It pits those eager to revamp an antiquated system against an industry opposed to excessive regulation.
A complete overhaul is obviously needed, and has been for some time. Sadly, it took the economic recession those of us in the middle and working class have been feeling for some time to start pinching the pockets of those with the ear of the President for the crisis to be recognized. But is the same Bush Administration that not only engineered this economic crisis in the first place (not to mention oversaw the Hurricane Katrina rescue disaster) the best folks to be consolidating powers on their way out the door?
Submitted by Fecund Stench on Tue, 01/22/2008 - 12:28pm
I've been having some really dark thoughts about the approaching apocalypse. Some of these thoughts are in fact so dark as to scare me. Shall I tell you one?
The first big conclusion I came to when thinking this through is that most of the men will be useless and in the way. Hell, too many are now. And when you get right down to it, they're responsible for the situation we're in, anyway.
Women are our hope. Fortunately, that includes me 'cause, by and large, I do what women tell me and don't expect that to change.
A new report from the Center for Economic Policy Research indicates that working and middle class families are continuing to hurt by the economy. This is the result of Republican efforts to serve the extreme rich at the expense of ordinary Americans.
The US economy has created fewer good jobs in the 2000's than was the case over comparable periods in the 1980's and 1990's. The report analyzed annual data from the March Current Population Survey for the years 1979 through 2006 and shows that while the current business cycle has seen an increase in the share of jobs that pay at least $17 an hour, this gain has been more than offset by a decrease in the share of jobs that offer employer-provided health insurance (down 3.1 percent points) and pension coverage (down 4.9 percentage points).
Republicans will try to tell you that the American economy is not in trouble. And indeed, multinational corporations and the extreme rich aren't hurting a bit. But for the average American it's a different story . . .
AN ACT to appropriate funds to the e‑nc authority to increase the availability of internet connectivity in underserved areas of the state through incentive grants, to provide additional funding for general operations, to expand the funding for the e‑nc business and technology telecenters program, and to provide incentives to e‑communities, local e‑government utilization program participants, and e‑commerce initiatives.
Rep Sue Myrick (R-NC) decided to pull her account from Bank of America since BOA's new credit card was illegal immigrant friendly. In hopes of scoring political points, Myrick said she would move her funds to Wachovia Bank, based out of Charlotte NC. Patriotic, right? Not so fast Sue - your new bank is sending thousands of NC jobs to India. This is not likely to win the hearts and minds of your constituents who wind up jobless. The jobless still get to vote, and so do their friends.
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