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Daily Archives: December 3, 2009

America's Disappearing Middle Class

“Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can’t make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street.” Elizabeth Warren, Leo Gottlieb Professor of Law at Harvard and currently the Chair of the Congressional Oversight Panel.

  • Related postings on financial system
  • Emissions of Greenhouse Gases in the United States 2008

    Emissions of Greenhouse Gases in the United States 2008 — Dec 3, 2009. Annual inventory of anthropogenic (human-caused) greenhouse gases in the United States. U.S. Energy Information Administration Office of Integrated Analysis and Forecasting U.S. Department of Energy. Energy-related CO2 emissions dominate total U.S. greenhouse gas emissions. The figures..show the shares of energy-related CO2 emissions… Continue Reading

    New GAO Reports: DOJ's Civil Rights Division, NASA, Hurricane Katrina, Merida Initiative, Employment Litiigation

    DOJ’s Civil Rights Division: Opportunities Exist to Improve Its Case Management System and Better Meet Its Reporting Needs GAO-09-938R, September 30, 2009 Federal Research: NASA Should Better Inform Researchers about How to Appeal Dissemination Decisions, GAO-10-200, December 3, 2009 Hurricane Katrina: Federal Grants Have Helped Health Care Organizations Provide Primary Care, but Sustaining Services Will… Continue Reading

    CBO Testimony: The Use of Agricultural Offsets to Reduce Greenhouse Gases

    The Use of Agricultural Offsets to Reduce Greenhouse Gases, December 3, 2009. Testimony before the Subcommittee on Conservation, Credit, Energy, and Research, Committee on Agriculture, U.S. House of Representatives. “Offsets used as a part of a cap-and-trade program for greenhouse-gas emissions have the potential to reduce the cost of meeting the cap by substituting cheaper… Continue Reading

    Commentary: What is Good for Goldman Sachs is Good for America -The Origins of the Present Crisis

    Brenner, Robert. (2009). What is Good for Goldman Sachs is Good for America The Origins of the Present Crisis. UC Los Angeles: Center for Social Theory and Comparative History. Retrieved from: http://escholarship.org/uc/item/0sg0782h “Robert Brenner outlines the long-term causes of the present economic crisis. Rather than understanding the current downturn as merely a function of financial… Continue Reading