MORONIC ITEMS THE SUPER-RICH BUY

This size of this wart-like gross-looking but delicious thing is nearly twice that of the existing record holder, which was sold for $417,200 in 2010. Bidding for this extraordinary white truffle did not yield "twice the price"  The rich are getting smarter - the auction gallery that sold it - did so for less than … Continue reading MORONIC ITEMS THE SUPER-RICH BUY

Nuclear Power — Not Now, Not Ever

Thirty years ago, the ambitious Reactor Safety Study known as "The Rasmussen Report" was published — and subsequently discredited and withdrawn.  Ernest Partridge looks at the reasons for that failure, the disaster at the Fukushima facility in Japan, and the proposal from the Obama Administration to revive the nuclear power industry in the United States. … Continue reading Nuclear Power — Not Now, Not Ever

Libya’s Blood for Oil: The “Vampire” War

Former U.S. Intelligence Asset Susan Lindauer, who covered Iraq, Libya, Yemen and Syria/Hezbollah from 1993 to 2003, takes you inside the real story behind Libyan turmoil and intrigue. Who are we kidding? The United States, Britain and NATO don't care about bombing civilians to contain rebellion. Their militaries bomb civilians every day without mercy. They … Continue reading Libya’s Blood for Oil: The “Vampire” War

America, Inc., is Here — Get With the Program!

The government of the United States has, in effect, become a subsidiary of Corporate America. Ernest Partridge explains how it happened — and what needs to be done. With the Supreme Court Ruling, Citizens United v. FEC, the government of the United States has, in effect, become a subsidiary of Corporate America.So isn't it time … Continue reading America, Inc., is Here — Get With the Program!

Government-Mandated Disability Insurance: Socialism or Salvation?

Has the time now arrived for a declarative policy regarding short-term disability in America? Kaitlin Addams takes a look at the ramifications of a safety net for people who suddenly become disabled. Obscured by twenty years of debate on health care reform, the idea of mandatory disability insurance has never garnered much attention in the … Continue reading Government-Mandated Disability Insurance: Socialism or Salvation?

If It’s Good for General Motors, Is It Good for the Rest of Us?

Ernest Partridge takes a look at the old adage — and a need to redefine fiduciary responsibility in an era of de facto military-industrial economics, fast food, and rampant business deregulation. This is the most famous quotation never said by Charles Wilson, Dwight Eisenhower's Secretary of Defense. (He actually said "For years I thought that … Continue reading If It’s Good for General Motors, Is It Good for the Rest of Us?

America Inc. Is Here — Get With the Program!

With last month's Supreme Court decision, Citizens United v. FEC, it is obvious that elections in the United States are now obsolete. So why not, asks Ernest Partridge, select our members of Congress by means of auctions instead? With the Supreme Court Ruling, Citizens United v. FEC, the government of the United States has, in … Continue reading America Inc. Is Here — Get With the Program!

Greg Palast Asks a Troubling Question

Consider this:How did Haiti end up so economically weakened, with infrastructure, from hospitals to water systems, busted or non-existent - there are two fire stations in the entire nation - and infrastructure so frail that the nation was simply waiting for "nature" to finish it off?And that's not the only question he has. Read the … Continue reading Greg Palast Asks a Troubling Question

Help for Haiti starts with YOU

From our friend Digby: The Red Cross: You can give $10 to the Red Cross’s International Response Fund by texting HAITI to 90999. 100 percent of your donation benefits the Red Cross, and you can print a receipt through mGive, a foundation that helps non-profits take advantage of mobile technology. UNICEF, the United Nations Fund … Continue reading Help for Haiti starts with YOU

Take the Money and Run

If the Obama economic goals are to be met – a repaired physical infrastructure, educational pre-eminence, health care for all, international leadership in science and technology, etc. – Ernest Partridge argues that we, the public, must retrieve the cash that was effectively stolen from the public treasury. March 3, 2009 (crisispapers.org) – I include myself … Continue reading Take the Money and Run

Harry Markopolos: A True American Hero

Harry Markopolos describing the size of the average brain employed by the Securities & Exchange Commission. Click here for enlarged version.Jeff Koopersmith on Harry Markopolos, the man who dared blow the whistle on an SEC that is at best incompetent, at worst corrupt beyond redemption. February 11, 2009 – Geneva (apj.us) – For almost ten … Continue reading Harry Markopolos: A True American Hero

President Obama, Make It a Trickle-UP Economy Now

Jeff Koopersmith to the President: you are giving trillions to the wrong people – in a market economy, it's how much money is in the market's pocket, not the boss's Cayman accounts. February 7, 2009 – Geneva (apj.us) – Every banker and economist will tell you I’m crazy, but the blunder the federal government is … Continue reading President Obama, Make It a Trickle-UP Economy Now

Congress Makes the Big Three Grovel

Click here for super-sized version.It was hugely entertaining for C-SPAN junkies – but what does it say to the auto-workers? Jeff Koopersmith says the best answer is clear. December 5, 2008 – Geneva (apj.us) – I watched the Big Three automakers’ congressional testimony yesterday, and must say that it was almost as interesting as the … Continue reading Congress Makes the Big Three Grovel

GM: The Joke’s on Congress

Click here for enlarged version.But, as Jeff Koopersmith points out, two can play at that game… December 2, 2008 – Geneva (apj.us) – You might think that an old liberal like me would be tsk-tsking away at our automaker's top officers arriving to ask for a loan aboard their luxury private jets.You're wrong.I say "Hurrah" … Continue reading GM: The Joke’s on Congress

Terrorism and Liability in the Luxury Hotel Racket

Click here for enlarged version.Jeff Koopersmith believes the Taj Mahal Intercontinental Hotel in Mumbai may be responsible for the slaughter of its guests. Where, he asks, was the beefed-up security after it had been warned? November 30, 2008 – Geneva (apj.us) – I don't have a lot to say about the carnage the world witnessed … Continue reading Terrorism and Liability in the Luxury Hotel Racket

It?s Not Wall Street You Should Worry About ? It?s Our United States

If you think the CitiGroup bailout was a breeze, writes Jeff Koopersmith, you need to look at the facts and think again. November 28, 2008 – Geneva (apj.us) – Citibank went crying to Hank Paulson the weekend before Thanksgiving, and the next thing we know the U.S. Taxpayer is on the hook for as much … Continue reading It?s Not Wall Street You Should Worry About ? It?s Our United States

The Death of the American Versailles Lifestyle

The New York Times lets the cat claw its way out of the burlap bag: unbridled spending, lavish parties and greed are now declassé. Jeff Koopersmith goes behind what they really mean: “We just don’t have the money.” November 24, 2008 – Geneva (apj.us) – Recession after recession has not taught the West – and … Continue reading The Death of the American Versailles Lifestyle

Headlines

• NBC, Politico, AP: Hillary Clinton being vetted for Secretary of StateSusan Rice as Head of Foreign Policy Team Augurs Bold Pragmatism | Doing It Right This Time: Obama Pushes for $50 Billion for Automakers, Oversight Czar | Obama resigning Senate seat as of Sunday | Good news for people who don't like their airliners … Continue reading Headlines

The McCains Lose Again

Jeff Koopersmith takes a look through the real estate listings – and has a laugh at the McCain's expense. October 31, 2008 – Geneva (apj.us) – Here's a good one.McCain and his wife put up one of their homes for auction last week. I received email from the auction house about it because I was … Continue reading The McCains Lose Again

Desperate McCain Utilizing Neo-Nazi ?Journalists? to Spread his Message of Hate

Click here for enlarged version.Jeff Koopersmith confronts Townhall.com's relentless campaign of homophobia. October 29, 2008 – Geneva (apj.us) –It occurred to me this Wednesday that the McCain team had found a new target to go after this week. After all, telling American voters that Barack Obama was a “Terrorist”, “Muslim”, “Socialist”, “Communist”, “America Hater” – … Continue reading Desperate McCain Utilizing Neo-Nazi ?Journalists? to Spread his Message of Hate

Recession? Are You Joking?

Jeff Koopersmith says it's time for someone to pay the piper. October 24, 2008 – Geneva (apj.us) – If I hear one more talking head on CNBC or Bloomberg tell me that we "could" be in a recession, I think I'll have to buy a new television to replace the smashed one.As it is, the … Continue reading Recession? Are You Joking?

It Is Way Past Time for the DOJ and FBI to Investigate Realtors

Their role in the “meltdown” is huge and criminal. Jeff Koopersmith reviews the mess – and calls for action. October 20, 2008 – New York (apj.us) – In case you haven’t noticed, conservatives in the United States are worried pale about the possibility that the masks are coming off in America, and that the extent … Continue reading It Is Way Past Time for the DOJ and FBI to Investigate Realtors

What Do They Mean, “We” Have to Fork Over Trillions?

"Let me get this straight," asks Jeff Koopersmith. "You're saying that banks refuse to lend to each to each other – so we have to give them trillions of dollars?" October 13, 2008 – New York (apj.us) – It may be silly, but I am wondering why we haven’t passed a law to force them … Continue reading What Do They Mean, “We” Have to Fork Over Trillions?

How Rich Is TOO Rich?

Click on image for larger version.Jeff Koopersmith on a nationalized treasury, bailouts for the market in the United Soviet Union of America, and the necessary adjustments to your average mega-rich family's budget. I wrote this story after I heard that the U.S. Treasury was about to nationalize banks.  For me that was the sign that … Continue reading How Rich Is TOO Rich?

Treasury Department Conference Call Suggests Collusion With Brokerages

Courtesy of Digby, we learn of a conference call held late Sunday night between Treasury Department officials and some of the most powerful players in the financial services industry about the House bailout bill that they assumed was about to be passed – a call that they never imagined would be leaked to the public. … Continue reading Treasury Department Conference Call Suggests Collusion With Brokerages

A Modest Proposal

While House Republicans are busy trying to blame the failure of the Bail Out Henry Paulson's BFFs Bill on Nancy Pelosi, Barack Obama, Liberals, Bill Clinton's wiener, and everybody but themselves… … why not call some congressional committees and suggest that it's time for joint congressional hearings into the underlying causes of the current mess … Continue reading A Modest Proposal

Anyone Care for Some Good News?

The world is focused on the House bailout bill that, as of a half hour ago, didn't pass. As I type, various House honchos are all over cable news spinning and sputtering. So naturally, if there were a good piece of news about the Republican Culture of Corruption getting their due – for example, Kyle … Continue reading Anyone Care for Some Good News?

The Idiot Congress, Impressing Us with a Tranche

September 25, 2008 – Geneva (apj.us) – I noticed that over the past few days Secretary Hank Paulson and Chairman Ben Bernanke have been using the word "tranche" (from the French "traunche") to explain how they are going to go about deceiving us and the potential buyers of the worth paper they want to purchase … Continue reading The Idiot Congress, Impressing Us with a Tranche

BushCo: Indictable Criminals

"This was a purposeful crime.  There was conspiracy to commit criminal acts and these felonies were carried out – over many years– while the people we elected to represent and protect us were busy eating caviar and drinking French Champagne in their mansions in Washington, Maryland, Virginia, and New York." Jeff Koopersmith speaks out about … Continue reading BushCo: Indictable Criminals

Bailout: So What’s Wrong with This Picture?

September 22, 2008 – Denver (apj.us) – The short answer is… pretty much everything.When Ian Welsh at firedoglake.com takes a quick look at the draft legislation and finds seventeen problems off the top of his head, you know there's a scam afoot (emphases ours): No one who foresaw the crisis, such as Krugman or Stiglitz, … Continue reading Bailout: So What’s Wrong with This Picture?

Financial Crisis “Cliff’s Notes” for Fed Up American Taxpayers and Voters

Amanda Balzastones gives you a crash course in what you need to know. September 20, 2008 (apj.us) – Remember the Glass-Steagall Act of 1933? It: created definition of types of banking institutions (for example, Commercial Banks, Investment Banks);SEPARATED these banking institutions from each other to eliminate conflicts and criminal collusion, and; created the foundation for … Continue reading Financial Crisis “Cliff’s Notes” for Fed Up American Taxpayers and Voters

Just a Glance at 1929

Jeff Koopersmith on then… and now. September 19, 2008 – Geneva (apj.us) – The 1929 stock market crash, which sent people tumbling out of windows to their deaths on the filthy sidewalks below, followed a strong bull market that lasted for several years. While the Dow has been flat – pretty much at 12,500 for … Continue reading Just a Glance at 1929

Welcome to the United Soviet Union of America

But have no fear, tovarich! Grab a cold slice of pizza, sit back, let comrade Jeff Koopersmith explain the New Socialist Economy, and rejoice! September 14, 2008 – Geneva (apj.us) – I am trying to imagine my friend Mitchell walking into to the Secretary of the Treasury’s plush offices In Washington and asking for just … Continue reading Welcome to the United Soviet Union of America

Bush’s Federal Reserve Socializes AIG

The Federal Reserve has agreed to bail out AIG with an $85 BILLION loan in exchange for a 79.9% stake in the mega-insurer.  Thanks to George W. Bush, Helicoptor Ben Bernanke and Henry Paulson, the United States is at last a socialist nation – so long, of course, as one has millions of dollars in … Continue reading Bush’s Federal Reserve Socializes AIG

Wall Street’s Sunday Bloodbath and the Campaign

Fasten your seat belts. It's possible that September 14 and 15, 2008 could be days of infamy to match October 24, 1929. [more] Just today, Lehman Brothers is "hurtl[ing] toward liquidation after it failed to find a buyer," Merrill Lynch got swallowed up by Bank of America, A.I.G. is scrambling to avoid failure, and Nouriel … Continue reading Wall Street’s Sunday Bloodbath and the Campaign

The Outsourcing Tragedy

Ernest Partridge on the intersection of the new economy, politics and employment. August 5, 2008 – (crisispapers.org) – My computer and I have been through a bad spell these past couple of weeks. First, my router/modem developed a terminal malfunction, and then my new anti-virus software failed to install. Thankfully, three very capable and patient … Continue reading The Outsourcing Tragedy

Be Ready for $400-a-barrel Oil… And Worse!

Jeff Koopersmith on the economy, the Middle East, and the fruits of the Cheney-Bush Geopolitical Policy. July 15, 2008 – Geneva (apj.us) – Anyone who is paying much attention to the goings-on between the United States, Israel, and Iran might want to get ready to park their cars in their garages on a semi-permanent basis. … Continue reading Be Ready for $400-a-barrel Oil… And Worse!

Reverse Henry-Fordism

From crisispapers.org: There are no sellers without buyers. Ernest Partridge takes on one underlying cause of the present economic crisis: the nation's wealth flowing from working citizens to the über-rich. June 17, 2008 (crisispapers.org) – There are no sellers without buyers.That’s the first law of practical economics.  Everyone knows this to be true, whether or … Continue reading Reverse Henry-Fordism

Headlines

Copy here.• Sen. Barack Obama clinches Democratic presidential nomination• Dem poll predicts wave of GOP House upsets 'as big as '06'• Libby Links Cheney to Plame Leak • Watch Presumptive Democratic nominee Barack Obama's acceptance speech• McCain advisor/lobbyist Phil Gramm pushed Death Bonds: “[T]he most macabre investment scheme[s] ever devised by Wall Street” known as … Continue reading Headlines

Do Not Worry!

L-R: Henry “Goldman Sachs” Paulson, George Bush Jr. and “Helicopter” Ben Bernanke have the American economy well in hand! March 18, 2008 – Lugano (apj.us) – There I was yesterday, sitting on my bed here in Italy at 2 PM New York time yesterday, with my two giant schnauzers. We were watching our idiot President. … Continue reading Do Not Worry!

Koop’s Recession Diary: A Day in Manhattan

They say, “We’re in a recession!” Well, it all depends on who “We” is. Jan. 28, 2008 – New York City (apj.us) – Only one mile north of Central Park sits the least expensive 2-bedroom, 1-bathroom apartment on Manhattan Island. It is located on modish Madison Avenue at 131st Street, only 21 blocks – just … Continue reading Koop’s Recession Diary: A Day in Manhattan