In another sign that the housing market is taking a major tumble, Americans across the country are getting foreclosure notices at a record pace. New data released this afternoon indicates that one in every 656 homes in the United States went into foreclosure during May. Irvine, Calif.-based RealtyTrac says more than 176,000 people got foreclosure…
Category: cash and poverty
The rich are making the poor poorer
Twenty years ago it was risky to point out the growing inequality in America. I did it in a New York Times essay and was quickly denounced, in the Washington Times, as a “Marxist.” If only. I’ve never been able to get through more than a couple of pages of Das Kapital, even in English,…
Marx in Soho
My friend Fenton Wilkinson gets to be Terror Suspect of the Week in his onstage role of Karl Marx. He is doing a one man performance of Howard Zinn’s play “Marx in Soho.” I watched it last night and was astounded. I’ve put a clip below along with links to more clips. I’ll write more…
What is your socioeconomic class?
Find out now. Are you low class? High class? Me? I rank at just about the 55th percentile. Much better than I would have guessed. Link
Proud to serve. Serve who?
Cost of the War $456 Billion….
How else might that money have been used? According to World Bank estimates, $54 billion a year would eliminate starvation and malnutrition globally by 2015, while $30 billion would provide a year of primary education for every child on earth. At the upper range of those estimates, the $456 billion cost of the war could…
Badjao : Sama Dilaut of Tawi-Tawi Sea Gypsies
This is another of my term papers. You can thank me for sparing you from having to view my final exam from Archaeology. I thought about it, but am going to let it pass….please excuse the formatting, Word doesn’t paste into wordpress as good as one might hope…. cd The Sama Dilaut of Tawi Tawi:…
Home based Bank in Washington State busted
If you don’t use the system the way they want you to, they are going to try to bust you. No doubt about it. Call me a libertarian, but I don’t think this should be illegal…cd (thanks Jordan!) SEATTLE – A man operated a “warehouse bank” out of his suburban home, taking at least $28…
US Feds start crackdown on alternative currency
This is being painted as one thing, but I suspect that what is really happening is that alternative forms of currency threaten the inherent weakness of the official US currency. Remember a few months ago when the Fed made it illegal to melt coins because the metal was worth more than the coins face value?…
Flippers Fucked as Housing Bubble Implodes
It was bound to happen…it starts in Vegas and now we will start to see it elsewhere. The foreclosure rate has been skyrocketing for a while now. Our economy has been pumping dreams from debt for about five years. Get ready for the big decline….cd LAS VEGAS – In the rampant real estate speculation of…