Robert Christgau on America’s Secret Fundamentalists

http://www.truthdig.com/arts_culture/item/20080905_robert_christgau_on_americas_secret_fundamentalists/
Posted on Sep 5, 2008
By Robert Christgau
Any believer in American democracy is obliged to come to terms with a wing of the citizenry few secular humanists have the wherewithal to think about—Christians. Not mainline modernists, so useful for validating progressive pieties when we godless need moral ballast, but the 75 million Americans whose Christianity takes such modifiers [...]

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Paulson Rolls The Dice At Taxpayer Expense

The GSE deal has been announced. Here is the Statement by Secretary Paulson on Treasury and FHFA Action to Protect Financial Markets and Taxpayers.
The title of the statement suggests two things.
1. This agreement will not reduce risk on the financial markets
2. This agreement will not protect the taxpayer
Let’s take a look at excerpts to see [...]

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FXI Euro/Dollar Weekly Update Part 1 & 2

 EUR/USD Weekly Outlook 9/7 thru 9/12 2008

The summer session is officially over and all market players should be back at their desks and ready to go. Unfortunately this does not guarantee market conditions will stabilize and return to order.
We’re entering our ninth week of an ill-liquid and dysfunctional market. The prior eight weeks have given [...]

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Is Gold Money?

Daily Article by Robert Blumen | Posted on 9/5/2008

Is gold money? Many would say so, including owners of the top-level domains GoldIsMoney.com and GoldIsMoney.info. A web search returns 18,000 additional affirmative responses. If you want to start a fight with a gold bug, take the opposite view.
But is it so?
To answer the question of whether [...]

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F&F Bust

Moon of Alabama
 
 

September 6, 2008

Sarah Palin just offered a solution for Freddie Mac and Fannie Mae. Sell ‘em on Ebay.
No, not really. But Fannie Mae and Freddie Mac are the big news today. Over this weekend they will, in effect, get nationalized and in the end the U.S. taxpayer will take responsibility for their losses. [...]

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The MOTHER of all MYTHS

 
OVER and OVER the mainstream media mindlessly propagates the myth that the Fed ‘fights’ inflation by increasing INTEREST rates. It’s time to put this colossal fiction to rest, once and for all.
Let’s start by defining inflation:

[a] persistent increase in the level of consumer prices OR a persistent decline in the purchasing power of money
 
But, are [...]

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