 | America's Financial Crisis Last Friday, the U.S. federal government took control of the Pasadena, California, based IndyMac Bank, signifying the second-largest bank failure in U.S. history. The largest U.S. mortgage lenders Fannie Mae and Freddie Mac are also in big financial trouble. The third largest U.S. investment bank Merrill Lynch is $10 billion in debt. More than 300 U.S. banks might fail over the next few years. The US. is facing a global crisis to fund its $700 billion (!) account deficit. Especially Europe is upset with America's irresponsible financial dealings and is looking for alternatives. What DOES the future hold for all of us? |
 | Bush Has Doubled National Debt with Deficits Jack Cafferty interviews former Nixon Commerce Secretary Pete Peterson, who discusses the unfortunate political and financial reality of the Bush Administration's excessive spending, deficits, and China borrowings, rendering us both politically and financially vulnerable, as we devolve into third world nation status. Another reason why the Bush legacy will be to take us from the World's most formidable military and financial power steps closer to being third world nation. |
 | Financial Management Network - David Walker SmartPros - FMN - David Walker |
 | I.O.U.S.A. Bonus Reel: A $53 Trillion Federal Financial Hole Official Website: http://www.IOUSAtheMovie.com Update - On Thursday August 21, 2008, an exclusive one-night event in select movie theatres nationwide: "I.O.U.S.A.: Live with Warren Buffett, Pete Peterson & Dave Walker" Find out more: http://tinyurl.com/5amq43 Find a theatre near you: http://www.iousathemovie.com/events/l... I.O.U.S.A. will play in the following cities starting August 22, 2008 (check your local listings): New York Los Angeles Atlanta Chicago Dallas Miami Philadelphia Kansas City San Francisco Washington, D.C. |
 | We are in a financial crisis The US dollar is like a third-world currency, thanks to the reckless spending and money printing. Politicians like to give promises. But we need someone to tell the painful truth. |
 | Cook County's Structural Deficit - Costs and Consequences Sept. 28, 2007: Cook County released video interviews today documenting the costs and consequences of the County's structural deficit -- the gap between the cost of preserving current services and the annual revenue the County actually collects to pay for those services. Ralph Martire, executive director of the Center for Tax and Budget Accountability discusses the CTBA's recent report showing that Cook County's revenue system is structurally unable to support the essential public services it is tasked to provide. County Chief Financial Officer Donna Dunnings outlines the County's anticipated 2008 budget shortfall of $307 million, and County Board President Todd Stroger discusses challenges the County confronts in paying for core services. |
 | Our financial future, Out of CONTROL... Glenn Beck interviewed U.S. Comptroller General David Walker, (1998 to March, 2008) on the future of America's financial atomic bomb. |
 | Chula Vista Financial Picture Pretty Grim City Manager David Garcia introduces a report on the city's second quarter budget deficit. The city's financial situation is continuing to deteriorate.More at www.chulavistaissues.org |
 | Ron Paul tells CNN's John Roberts: GOP can't shut me out 3 Candidates With 3 Financial Plans, but One Deficit 3 Candidates With 3 Plans, but One Deficit Adding Up the Benefit Of Pennies at the Pump Amid Negative Ads, McCain Claims Highपाकिस्तान-ईरान में गैस प्रोजेक्ट पर बात बनी תחנת טלוויזיה خالد مشعل تركيا غزة سورية ايران العراق كردستان عبيد كركي Analysis: McCain Wins As Dems Bicker Analysis: Voter ID ruling widens partisan divide AP POLL: Clinton Beats McCain By Wider Margin Than Obama As Clinton Seeks Gas Tax Break for Summer, Obama Says No As Minister Repeats Comments, Obama Tries to Quiet Fray Better Days, and Even the Candidates, Are Coming to W.W.E. Bolivia Dispute Highlights Class Divisions Border barrier going up quickly Bush Disapproval Makes Gallup History Bush hopes to kickstart talks during Mideast trip Bush Readies for Visit to Middle East in May Bush to visit Israel, Saudi, Egypt Bush Voices Support for Guatemalans' Fight Against Drugs Bush's 69% Job Disapproval Rating Highest in Gallup History Candidates Pleased to Remember This Fifth of November Cardinal: Giuliani wrong to take Communion Clinton backs suspending fuel taxes Clinton, Obama Crush GOP In Funds ace Cocaine routes shift from U.S. to Europe Dean: Clinton or Obama must drop out by June Dean: Dem Battle Must End In June Dean: Dems could fail if divided at convention Degrees of Separation Democrats Registering In Record Numbers Dissecting McCain's 'Medicaid Trust Fund' Education Clearly Divides Preferences of White Democrats Electoral Map Favors Democrats This Fall Eyes on Blue-Collar Voters, Obama Shifts Style Faltering Economy Plays to a Clinton Strength Feds to Unveil Plan to Guard Against Boat Attacks Ferguson Adds Laughs At Dinner Race Still Close with Obama 47%, Clinton 46% Giuliani Criticized for Taking Communion GOP Dirty Tricks Dupe Media High Court Approves Indiana Voter ID Law House Approves $32 Billion Security Budget House Approves Broad Outline of the President's Budget House Backs Bill to Overhaul Mutual Funds House Judiciary Chairman Threatens Subpoenas on Torture Iowans Hear Barrage of Final Pleas for First 08 Votes I-Report: Readers react to Rev. Wright Its Candidates Otherwise Engaged, Democratic Party Goes After McCain John McCain's Finances Justice Department Names New Pardon Attorney Lawmaker Threatens Subpoenas for Aides Man stabs student at Texas high school Many Americans OK With Increasing Taxes on Rich McCain Changes Tune On Tax Cuts McCain Criticizes Remarks by Obamas Former Pastor McCain focuses on lower cost health-care McCain Frequently Used Wifes Jet for Little Cost McCain Grapples With Gaps in Health Plan McCain Used Wifes Jet for Little Cost McCain Widely Recognized as a War Hero McCain Women Take 'Straight Talk' for a Spin McCain: No 'big government' health care takeover Merck Cholesterol Drug Rejected by F.D.A. National Briefing Rockies: Montana: Groups Sue to Protect Gray Wolves National Briefing Washington: Drug Prosecutor to Lead Pardons Office New Jersey Senate Merry-go-round पाकिस्तान-ईरान में गैस प्रोजेक्ट पर बात बनी תחנת טלוויזיה خالد مشعل تركيا غزة سورية ايران العراق كردستان عبيد كركي New Low in Bush Quarterly Average Approval Rating New Yorker: Obama and McCain going positive Newsweek poll: Obama's lead slips Newsweek: Is Obama's 'otherness' a problem? Not Speaking for Obama, Pastor Speaks for Himself, at Length Obama Adds to Distance From Pastor and Opinions Obama Has Difficulty Wooing Seniors Obama Team Remains Unshaken Obama's Ex-Pastor: I'm Not A Politician Only 33% Say McCain Has Clear Plan to Solve U.S. Problems Opposition to Iraq War Reaches New High Paul Campaigns At U. Pittsburgh Paul Hints That Campaign Is Over Political Theories Abound in North Carolina, but Dont Ask John Edwards for His Politics, culture mix at D.C. dinner oll: Clinton Has Bigger Lead Over McCain Poll: Clinton leads McCain in matchup Preaching to the Choir, and Feeding the Fire Rating Candidate Characteristics Rep. Frank Introduces Marijuana पाकिस्तान-ईरान में गैस प्रोजेक्ट पर बात बनी תחנת טלוויזיה خالد مشعل تركيا غزة سورية ايران العراق كردستان عبيد كركي Republican '08er Talks Health Care Republican Candidates Hold First Debate |
 | The National Deficit more here: www.wwgfa.net Foreign policy plays a significant role in the economy and the value of the dollar. A foreign policy of militarism and empire building cannot be supported through direct taxation. The American people would never tolerate the taxes required to pay immediately for overseas wars, under the discipline of a gold standard. Borrowing and creating new money is much more politically palatable. It hides and delays the real costs of war, and the people are lulled into complacency -- especially since the wars we fight are couched in terms of patriotism, spreading the ideas of freedom, and stamping out terrorism. Unnecessary wars and fiat currencies go hand-in-hand, while a gold standard encourages a sensible foreign policy. The cost of war is enormously detrimental; it significantly contributes to the economic instability of the nation by boosting spending, deficits, and inflation. Funds used for war are funds that could have remained in the productive economy to raise the standard of living of Americans now unemployed, underemployed, or barely living on the margin. Yet even these costs may be preferable to paying for war with huge tax increases. This is because although fiat dollars are theoretically worthless, value is imbued by the trust placed in them by the world's financial community. Subjective trust in a currency can override objective knowledge about government policies, but only for a limited time. |
 | William Wolman & Ann Colomosca - Ar date: 10-27-97 William Wolman, now retired, served as Business Week's chief economist for 10 years, and is known for his ability to enliven economics stories. He and The New York Times' legendary Leonard Silk helped pioneer the coverage of economics as news. Mr. Wolman, a Montreal native, supervised the magazine's coverage of economics and finance, and his guidance led to some major awards. One example is the magazine's 1980 "Reindustrialization of America" special issue, which garnered Mr. Wolman a National Magazine Award for best single-topic issue as well as a Deadline Club Award, a John Hancock Award and a University of Missouri Journalism Award. Mr. Wolman also won a Champion Tuck Award for the magazine's 1984 exploration of the U.S. deficit. "We want to be constructive... " Mr. Wolman said of the deficit story. "There is not much of a general sense of how serious the problem really is or what 'sacrifices' or actions are necessary to deal with it and to remove 'deficit fear' from the financial markets. "Mr. Wolman, who earned a doctorate in economics from Stanford University in 1957, also appears regularly on CNBC, where he has provided commentary since 1989. In fact, Mr. Wolman was an early pioneer in business news programming, serving as executive editor of "Business Times," a daily television program that aired on ESPN, from 1983 to 1984. Mr. Wolman originally joined Business Week in 1960, and left and rejoined the magazine twice. He is co-author of three books: "The Beat Inflation Strategy," published in 1975; "The Decline of U.S. Power, 1980"; and 1998's "The Judas Economy: The Triumph of Capital and the Betrayal of Work." |
 | Financial Expert Discusses Trade Deficit KCRA 3 money expert Kelly Brothers on Thursday morning discussed the nation's trade deficit. |
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