Thursday, March 27, 2008

Bus tours for foreclosures

Bus tours showing off foreclosed homes

Realtors eager to show off rash of properties meet with buyers in bulk

"... plus you get a cool set of really cheap luggage all the way from China just for listening to our sales presentation." - M. R.

PBS Newshour explains the 2008 credit bubble

Paul Solman uses a domino metaphor, taking the viewer step by step through how problems in the housing market spread into the wider economy.

SKorea pension fund to stop buying US Treasuries: manager

South Korea's pension fund will no longer buy low-yield US Treasuries because it wants to diversity its portfolio and boost returns, an official said Thursday.

War benefits only business

"Patriotism is the last refuge of a scoundrel," said author Samuel Johnson. Bush's deceit leading to the invasion of Iraq perverted the meaning of patriotism by enabling our corrupt military-industrial complex to make outrageous profits for multinational corporations. Corporate greed and war profiteering have made endless war a corporate imperative.

Gap in Life Expectancy Widens for the Nation

New government research has found "large and growing" disparities in life expectancy for richer and poorer Americans, paralleling the growth of income inequality in the last two decades.