Global News
Financing Poverty: How the Global Financial Casino Impoverishes the Planet
Time to replace the dominant economic model with a circular eco-economy that mimics nature.
Shady Customers: How S&L Suspects Profit From the Crisis
The same unscrupulous real estate developers and high-flying financiers who built low-quality, see-through office buildings and unneeded condos across the country are now poised to buy foreclosed properties from the government at fire-sale prices.
The Trillion Dollar Hole in America's Stocking Part 2
Over the Past Decade a Republican White House, With the Help of a Democratic Congress, Has Dismantled FDR's Vision of the American Dream. Now We're in for a Dickens of a Christmas.
Houston and the Toad Queen
To the city's social elite, Teresa Rodriguez seemed to talk sense. Did she also talk them out of $30 million?
Is Bad News Good for the Net?
The dot-com bubble has burst. The Nasdaq bear refuses to go into hibernation for the winter. “Geek chic” suddenly looks as tired and dated as those Priceline PCLN ads with William Shatner that looked so cool only a few months ago, when Priceline’s stock was soaring.
Godzilla Net Stocks and the Death of Traditional Value Metrics
Financial statement information is of very little use in the valuation of Net stocks. There's no significant positive association between bottom-line net income and market prices. In fact, the association is usually negative.
California's Energy Crisis – Who's to Blame?
California's new $10 billion energy bailout plan is being greeted with skepticism by both industry experts and consumer groups. That’s not surprising because the state of California, which has already proven itself to be “the gang that couldn’t deregulate”, has rushed to implement an emergency plan that looks increasingly like a band-aid on a severe gut-shot wound.
The Bankruptcy Reform Act of 2001
The coalition of unions, consumer and women's groups who have been fighting the bankruptcy law are just about out of ammo. Both houses of Congress are expected to pass the measure this week, and President Bush has said he's ready to sign it into law.