By Lynn Parramore, senior editor at Alternet and founder of Recessionwire. Cross posted from Alternet
New York magazine calls it a “Mass Movement for Millionaires.” The New York Times’ Paul Krugman sums up the idea : “Hey, sacrifice is for the little people.”
The Campaign to Fix the Debt is a huge, and growing, coalition of powerful CEOs,...
By Abigail Field, a lawyer and writer. Cross posted from Reality Check
Monday I did an analysis of a study HousingWire reported as showing that profligate borrowers were the reason many 2009 mortgage modifications failed. I analyzed the reported data to show the 2009 mods left borrowers insolvent, and said it’s not surprising that mods that...
Monday I did an analysis of a study HousingWire reported as showing that profligate borrowers were the reason many 2009 mortgage modifications failed. I analyzed the reported data to show the 2009 mods left borrowers insolvent, and said it’s not surprising that mods that leave borrowers insolvent fail. In the ‘article’, Showalter rejected the idea
...The company thinks its novel solar technology can take on competitors in China.
The global solar panel industry is struggling—major manufacturers have posted continued losses this quarter, mainly due to a saturated market that’s left them unable to charge enough for their panels. But one startup, Fre...
Devotees of the digital currency are ratcheting up their technology in a race to generate new coins.
The digital “crypto-currency” Bitcoin surged into the public eye last year, tantalizing enthusiasts with the promise of money unfettered by any government before falling victim to digital heists (see...
By Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk (2011)
In Germany, gold is now available from vending machines in airports and railway stations – Gold to Go. Shoppers can buy a 1 gram wafer of gold or a larger 10g bar. Seeking safety for their savings, individuals have purchased...