In “Time for a debt jubilee?”, Associate Editor Gil Smart writes: “…Some suggest an end run around this mess. Kain quotes Stephen Roach, economist and senior executive with Morgan Stanley, who in August said a debt jubilee — essentially, the cancellation of consumer debt — would help Americans get through “the pain of deleveraging sooner rather than later.”
Tag: featured
Three weeks occupying DC’s Freedom Plaza
From NATION OF CHANGE: It has been a whirlwind of activity since October 6 when the occupation of Freedom Plaza began. We’ve had rallies and protests, closed down banks and the Chamber of Commerce, protested in the House, Senate and at the White House.
Intelligencer Journal New Era
Article “Anger building over Lancaster city project, RRTA terminates construction contract; builder responds with court filing” reports: “RRTA owes Perrotto $1.3 million for work done as far back as June. The agency’s withholding of payment has prevented Perrotto from paying subcontractors, who have since stopped coming to work at the North Queen/East Chestnut streets construction site.”
LETTER: In defense of the New Era editorial
Spoken like a true “progressive”. What will it take for you to be satisfied….eliminate the entire New Era editorial page? It has already been ‘watered down’ since Tim Mekeel took over, and the “Intel”” continues to print hardcore leftwingers on it’s editorial page!!!!
How 10 Billion Will Live
From the DAILY BEAST: Next week, according to United Nations projections, the world will pass 7 billion in population, and by the end of this century it’s likely to grow by half again to 10 billion.
Time Poll: Hillary Defeats GOP Contenders
From NEWSMAX: Hillary Rodham Clinton is emerging as the most formidable non-candidate candidate heading into the 2012 presidential election. A new Time magazine poll shows Clinton easily defeating the major Republican candidates, were she somehow to become the 2012 Democratic nominee for president, according to USA Today.
LANCASTER NEW ERA
An editorial “Poor marks for Obama 1,000 days” would have us believe: “A $787 billion stimulus that he said would save or create 3.5 million jobs by the end of 2010. Didn’t happen. The nation’s jobless rate is stuck at 9-plus percent. “Health care reform that would cover 30 million currently uninsured Americans while reducing health care costs.
Europe Agrees to Basics of Plan to Resolve Euro Crisis
From the NEW YORK TIMES: European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtained an agreement from banks to take a 50 percent loss on the face value of their Greek debt…
Cost for Pa. 4-year public universities 3rd in nation
PITTSBURGH POST-GAZETTE: The cost of attending college in Pennsylvania grew slightly less than the national average this year, but the cost of going to a four-year public university in the state is now the third-highest in the nation, according to the report released today by the College Board.
The average cost of tuition and fees at a public four-year college in Pennsylvania grew by 7 percent, from $11,331 last fall to $12,079 this fall, the College Board said. That’s an average increase of $748.
Interview of Kevin Zeese from D. C.’s Occupy movement plus…
An informative interview with NewsLanc contributor Kevin Zeese is followed by excerpts of street activism in Washington, D. C. It culminates with extemporaneous comments by Richard Trumpka, president of the AFL / CIO. We highly recommend the first half of the 17 minute video in which Zeese succinctly explains the history, aspirations and describes the living conditions for participants of the Occupy movement.
Christians Under Threat as Radical Islam Spreads in ‘New Middle East’
From NEWSMAX: ….“Virtually the entire region now experiencing the convulsion of the Arab Spring lived inside the very large tent of the Ottoman Empire until World War I,” James Traub wrote in Foreign Policy…
New rules would help underwater homeowners refinance
From USA TODAY: Almost 1 million more homeowners over the next two years might be able to refinance their mortgages and save hundreds of dollars a month under the Obama Administration’s latest fix to one of its underused foreclosure prevention programs.
Unpaid Pa. firms resort to loans, layoffs
From the PITTSBURGH TRIBUNE-REVIEW: Dozens of Pennsylvania firms hired to care for foster children, juvenile delinquents and other needy children are resorting to layoffs and short-term loans because some counties have not paid them in months… [Craig] Adamson is executive director of the Community Service Foundation & Buxmont Academy in Bucks County, which he said has closed foster homes and schools.
SUNDAY NEWS
A lead news article entitled “Shopping Center vacancies low here” and subtitled “Below national averages. Perhaps county was ‘understored'” reports: Earlier this month the real estate company Reis Inc. announced that vacancy rates at shopping malls and strip centers nationwide were at historic