Social Welfare Institutions

This comic refers to the financial crisis the United States is currently facing. The crisis is a very complicated situation, but I’ll try to bring up the main points:

From 2001 to 2005, the value of homes in the United States increased sharply. Because their homes increased in value, many homeowners borrowed money from what they […]

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http://www.nytimes.com/2008/03/23/business/23haggle.html?em&ex=
1206504000&en=76da58cfab89661a&ei=5087%0A
The above web address will link you to a New York Times article titled “Even at Megastores, Hagglers Find No Price Is Set in Stone” written March 23rd, 2008 by Matt Richtel. The article is about haggling, a term used to describe when customers and salespeople try to decide on reasonable price. I used to […]

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So in class we talked about the connection between overproduction and overconsumption - if we make too much junk, then we better make sure that we can convince people to buy too much stuff.  Do you think that’s whats going on with this new economic stimulus package that the congress just passed?
Here is an article […]

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URL: http://www.iht.com/articles/2008/01/22/business/dprotect.php
 
 
International Herald Tribune
On the cusp of economic history
By Katrin Bennhold
Tuesday, January 22, 2008
 
DAVOS, Switzerland: Is economic history about to change course? Among the chieftains of politics and industry gathering in Davos for the World Economic Forum on Wednesday, a consensus appears to be building that the capitalist system is in for one of […]

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~~~~~~~~~~~~~~~~~~(((( T h e B u l l e t ))))~~~~~~~~~~~~~~~~~~~
A Socialist Project e-bulletin …. No. 80 …. January 31, 2008
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Putting the U.S. Economic Crisis in Perspective
Leo Panitch
It is time to take stock. The centrality of the American economy to the
capitalist world — which now literally does encompass the whole world –
has spread the financial […]

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