BBC News - Suicide rates in Europe 'linked' to financial crisis

BBC News - Suicide rates in Europe 'linked' to financial crisis

Not the Greeks, But Their Creditors, Are Being Bailed Out | The Big Picture

Not the Greeks, But Their Creditors, Are Being Bailed Out | The Big Picture

Who really benefited from QE2 anyway? Brett Arends' ROI - MarketWatch

Who really benefited from QE2 anyway? Brett Arends' ROI - MarketWatch
Wall street made out, main street largely missed out.

Why IT Workers Should Unionize - Llewellyn Hinkes-Jones - Technology - The Atlantic

Why IT Workers Should Unionize - The Atlantic
There is power in a union for the information technology industry, one of The Atlantic's own developers argues, even though programmers often resist collective organizing.

24 Percent Of American Consumers Have No Emergency Savings: Poll

24 Percent Of American Consumers Have No Emergency Savings: Poll

EconoMonitor : Dan Alpert's Two Cents » The Next Crisis in Residential Mortgages – New Data Emerges

The Next Crisis in Residential Mortgages – New Data Emerges - EconoMonitor : Dan Alpert's Two Cents »

Saudi Women Driving Cars with Relative Impunity - Global - The Atlantic Wire

Saudi Women Driving Cars with Relative Impunity - The Atlantic Wire

Guest Post: Corporate America Really Really Cares About Its Employees (Really) - A Distributed Rant | zero hedge

Corporate America Really Really Cares About Its Employees (Really) - A Distributed Rant | zero hedge: "In a recent blog post on the Harvard Business Review web site – and praise be to them for publishing it – Haque let rip on some of the absurdities of contemporary business and economic life. “Just ask yourself,” he wrote, “if you were to walk into any corporation, would you find faces brimming over with deep fulfillment and authentic delight – or stonily asking themselves, ‘If it wasn’t for the accursed paycheck, would I really imprison myself in this dungeon of the human soul?’”"

UPDATE 1-US economy at tipping point,double-dip risk-Shiller | Reuters

US economy at tipping point,double-dip risk-Shiller | Reuters:
"'My gut feeling is we might see a continuation of the decline' in home prices, Shiller said earlier on Thursday at a Standard & Poor's housing summit. He added that a 10 percent to 25 percent slump in real home prices 'wouldn't surprise me at all,' though he cautioned that was not a forecast."

More Homeowners With Second Mortgages Are Underwater - WSJ.com

More Homeowners With Second Mortgages Are Underwater - WSJ.com: "Almost 40% of homeowners who took out second mortgages—extracting cash from their residences to cover everything from vacations to medical bills—are underwater on their loans"

The Stanford Center for the Study of Poverty and Inequality - 20 Facts About U.S. Inequality that Everyone Should Know

The Stanford Center for the Study of Poverty and Inequality - 20 Facts About U.S. Inequality that Everyone Should Know

Its Official: Housing Double Dip is Here | The Big Picture

Its Official: Housing Double Dip is Here | The Big Picture

A Closer Look at the Second Leg Down in Housing | The Big Picture

A Closer Look at the Second Leg Down in Housing | The Big Picture

Fed Gave Banks Crisis Gains on Secretive Loans - Bloomberg

Fed Gave Banks Crisis Gains on Secretive Loans - Bloomberg

A Defiant 'Spanish Revolution' - Alan Taylor - In Focus - The Atlantic

A Defiant 'Spanish Revolution' - The Atlantic
Ever since Sunday, May 15th, residents from many cities around Spain have been demonstrating against the country's ongoing financial crisis, its politicians, and its bankers. The spontaneous protests are the largest since the country plunged into recession in 2008, and they're made up mainly of young people who have set up camps in main squares across the country. Called "los indignados" (the indignant), the May 15 Movement, or simply 15-M, they are fueled by frustration with austerity measures, apparent indifference from politicians, and serious joblessness...

Fund My Mutual Fund: NYT: Nearly 50% of 2009 College Graduates are Either Jobless, or Working in Jobs That Don't Require a College Degree

Nearly 50% of 2009 College Graduates are Either Jobless, or Working in Jobs That Don't Require a College Degree

MATT TAIBBI: Goldman Sachs Executives Lied To Their Customers And Congress - Yahoo! Finance

MATT TAIBBI: Goldman Sachs Executives Lied To Their Customers And Congress - Yahoo! Finance

Valley residents delaying retirement, major purchases - San Jose Mercury News

Valley residents delaying retirement, major purchases - San Jose Mercury News

Stephen Hawking: 'There is no heaven; it's a fairy story' | Science | The Guardian

Stephen Hawking: 'There is no heaven; it's a fairy story'

The People vs. Goldman Sachs | Rolling Stone Politics

The People vs. Goldman Sachs | Matt Taibbi , Rolling Stone

The Associated Press: AP IMPACT: CEO pay exceeds pre-recession level

The Associated Press: CEO pay exceeds pre-recession level

Housing crash is getting worse Brett Arends' ROI - MarketWatch

Housing crash is getting worse Brett Arends' ROI - MarketWatch

Case Shiller Double Dip Almost Here | The Big Picture

Case Shiller Double Dip Almost Here | The Big Picture

Homeowners in Denial - Seeking Alpha

Homeowners in Denial - Felix Salmon - Seeking Alpha

It’s Good to Be the King: CEO Pay Up Big 2010, Not So Much For the Average Worker - Yahoo! Finance

It’s Good to Be the King: CEO Pay Up Big 2010, Not So Much For the Average Worker - Yahoo! Finance

Fed's Low Interest Rates Crack Retirees' Nest Eggs - WSJ.com

Fed's Low Interest Rates Crack Retirees' Nest Eggs - WSJ.com

Indian book of jobs in US: 60,000 and adding - The Times of India

Indian book of jobs in US: 60,000 and adding

Home sales and shadow inventory: 'Shadow inventory' of 1.8 million homes could prolong housing slump - latimes.com

Home sales and shadow inventory: 'Shadow inventory' of 1.8 million homes could prolong housing slump - latimes.com

The Exceptional Mr. Greenspan - NYTimes.com

The Exceptional Mr. Greenspan - Krugman
"Alan Greenspan continues his efforts to cement his reputation as the worst ex-Fed chairman in history; in today’s FT, he comes out for a repeal of financial regulations designed to prevent a repeat of the crisis for which he, more than any other individual, bears personal responsibility. ..."

January Case Shiller Data Atrocious: "At Worst, The Feared Double-Dip Recession May Be Materializing" | zero hedge

January Case Shiller Data Atrocious: "At Worst, The Feared Double-Dip Recession May Be Materializing" | zero hedge

Bespoke Investment Group - Think BIG - New Home Sales Even Worse Than They Look

Bespoke Investment Group - Think BIG - New Home Sales Even Worse Than They Look

'Bhagat Singh used to literally devour books; set a record of sorts' - The Times of India

'Bhagat Singh used to literally devour books; set a record of sorts'

Business & Technology | U.S. home prices reach 9-year low | Seattle Times Newspaper

U.S. home prices reach 9-year low | Seattle Times

Existing Home Sales Dive Massive 9.6%

Existing Home Sales Dive Massive 9.6%

Rantings of an Ex-Maestro - NYTimes.com

Rantings of an Ex-Maestro - Krugman on Greenspan

Libya: The Wearingly Familiar Odor of Regime Change | Common Dreams

Libya: The Wearingly Familiar Odor of Regime Change - Robert Fisk

"Jeffrey Sachs: "The American People Are Going to Reach a Breaking Point""

http://finance.yahoo.com/tech-ticker/article/536035/Jeffrey-Sachs%3A-%22The-American-People-Are-Going-to-Reach-a-Breaking-Point%22

 http://snipurl.com/27lgmv

U.S. Home Values Have Fallen Past The Housing Crash -- Back To 2003 Levels

U.S. Home Values Have Fallen Past The Housing Crash -- Back To 2003 Levels

CHART OF THE DAY: The Housing Double Dip Is Getting Even Worse

CHART OF THE DAY: The Housing Double Dip Is Getting Even Worse

Are Home Sales Worse Than They Look? - Investors.com

Are Home Sales Worse Than They Look? - Investors.com

Real Estate: Negative Home Equity Surges, Weighing on Housing Recovery - CNBC

Real Estate: Negative Home Equity Surges, Weighing on Housing Recovery - CNBC

Home sales: U.S. home prices slide into 'double dip' - latimes.com

Home sales: U.S. home prices slide into 'double dip' - latimes.com

Senator Bernie Sanders: America Is Now A Banana Republic | zero hedge

Senator Bernie Sanders: America Is Now A Banana Republic

The Hindu : News / International : WikiLeaks holding U.S. power to account

WikiLeaks holding U.S. power to account

Case Shiller Confirms House Market Deterioration Accelerates | zero hedge

Case Shiller Confirms House Market Deterioration Accelerates | zero hedge

U.S. Corporate Profits Hit Record in Third Quarter - NYTimes.com

U.S. Corporate Profits Hit Record in Third Quarter - NYTimes.com: "The nation’s workers may be struggling, but American companies just had their best quarter ever."

Las Vegas tunnel people: How 1,000 people live under shimmering strip | Mail Online

Las Vegas tunnel people: How 1,000 people live under shimmering strip

Guest Post: iDepression 2.0 | zero hedge

Guest Post: iDepression 2.0 | zero hedge: "The key disturbing facts are as follows:

* Goods producing jobs as a percentage of all jobs have declined from 31.2% in 1970 to 13.8% today.
* Lawyers, accountants, financial advisors and other paper pushing professions made up 12.4% of jobs in 1970 versus 18.7% of all jobs today.
* Obese Americans love to go out to restaurants and be served. Hospitality employees now make up 10.1% of the workforce versus 6.7% in 1970.
* Obese, vain, stupid Americans have also benefitted the Health Services and Education industries as the number of nurses, proctologists, teachers, school administrators and Beverly Hills TV surgeons has surged from 6.4% of the workforce to 15.1%. You’d think we would be healthier and smarter with these figures. We’re not."

Occidental Petroleum CEO Ray Irani is the poster child for extravagant executive pay - latimes.com

Occidental Petroleum CEO Ray Irani is the poster child for extravagant executive pay - latimes.com: "The executives have been given seven years to hit a target they're on track to reach in 2 1/2 years."

Why Germany Has It So Good -- and Why America Is Going Down the Drain | Economy | AlterNet

Why Germany Has It So Good -- and Why America Is Going Down the Drain

Wall Of Worry Redux: 24 Statistics Confirming America's Decline | zero hedge

Wall Of Worry Redux: 24 Statistics Confirming America's Decline | zero hedge: "Did US economy has officially enter the 'Late Roman Empire' phase of its civilization?"

Banks Ignored Signs of Trouble in Foreclosures - NYTimes.com

Banks Ignored Signs of Trouble in Foreclosures - NYTimes.com

Are WSJ OpEd Writers Clueless or Liars? | The Big Picture

Are WSJ OpEd Writers Clueless or Liars? | The Big Picture. As a man's home sold out from under him in foreclosure mistake - he DID NOT HAVE A MORTGAGE, WSJ OpEd says - "We’re not aware of a single case so far of a substantive error."

Who Owns Congress? A Campaign Cash Seating Chart | Mother Jones

Who Owns Congress? A Campaign Cash Seating Chart | Mother Jones

Gary Shilling: House Prices Will Drop Another 20%

Gary Shilling: House Prices Will Drop Another 20%

Atheists, agnostics most knowledgeable about religion, survey says - latimes.com

Survey says atheists, agnostics most knowledgeable about religion. "If you want to know about God, you might want to talk to an atheist."

Alan Greenspan Admits America Is A Crony Capitalist System | zero hedge

Alan Greenspan Admits America Is A Crony Capitalist System!

Psychological Stages of a RE Bubble Market | The Big Picture

Psychological Stages of a RE Bubble Market

What Makes America Great: Layoffs! | The Big Picture

What Makes America Great: Layoffs! Only in US you get away with this.

Robert Shiller Says Double Dip Imminent | zero hedge

Robert Shiller Says Double Dip Imminent : "He is worried housing prices could decline for another five years".

Bespoke Investment Group - Think BIG - A Final Look at Wednesday's New Home Sales Data

Guess how many homes priced above $750K managed to sell in July. Answer - zero, nada, rien!

Bespoke Investment Group - Think BIG - Housing: The Lost Half Decade

The Lost Half Decade of Housing.

Coming Soon: Bank CEO Perp Walks, Jail Time | The Big Picture

Are bank CEO Perp Walks really going to happen? Barry Ritholtz thinks so.

Poor Mark Hurd: HP severance includes $12.2 million cash, $16 million in stock - BusinessWeek

Poor Mark Hurd: HP severance includes $12.2 million cash, $16 million in stock.
But looks like HP employees are not "saddened" by Hurd's departure from this WSJ deal journal blog. Apparently some "had an office party this Monday at HP HQ’’.

Foreclosures hit record: U.S. foreclosures jump in second quarter to record high - latimes.com

Foreclosures hit record: U.S. foreclosures jump in second quarter to record high - latimes.com:

Will Goldman Sachs prove greed is God? | Business | The Guardian

Will Goldman Sachs prove greed is God? "Matt Taibbi"

Foreclosure activity up sharply despite loan modification program.

Is still a lot of pain ahead for US housing market? Jump in foreclosures makes you wonder ... http://www.informationclearinghouse.info/article25230.htm

U.S. Foreclosure still setting records - 3.9 million in second consecutive year.

Worse than Enron? - Big banks' accounting shenanigans.

I always wondered how it looks if someone posted the performace of "best stocks for 10 years" after 10 years. Now I know the answer.

Interesting stuff - Ayn Rand Popped Pills, Fooled Greenspan With Blather

Problem mortgages hit new high at 14 percent. Data mean foreclosures may not peak until next year.

The Money Man's Best Friend - Financial reform written by JPM/GS ?

Now we know how the money gets transferred from have not's to have's. - Wall Street bonuses to rise 40% - Analysts thought 2009 would be a good year for bankers, but it turns out it will be great.

I should re-read this article about management myth/science every time I think that I should have taken up management route. To sum up: just as most people are able to lead fulfilling lives without consulting Deepak Chopra, most managers can probably spare themselves an education in management theory.

Sign of the times - Homeless Tent Cities Springing Up In US - NBC News Reports

US foreclosure image is 2008 World Press Photo

Bay Area homeowners owe more than home's worth - SFGate

The Best Recession-Proof Jobs

The Best Recession-Proof Jobs

Here is a beautiful quote I heard yesterday:
"Rosa sat so Martin could walk, Martin walked so Obama could run, Obama ran so our children could fly!".
Apparently, it is from rapper Jay-Z. Here is a link (http://morrisvideos.com/watch_video.php?v=40469f25fad6b4e) where it was said on Oct 5h concert in New York city (at around 1min 53sec)

Broken Securities Industry Still Has $20 Billion to Pay Bonuses

Home Prices in 20 U.S. Cities Fell From Year Ago

S&P: Home prices drop by record amount in 2Q

Contrarion alert ? Economist David Lereah was once the housing market's biggest cheerleader. Now he says the bust isn't near over, and home prices still have a long way to fall.

Tracking Realtor(NAR) Spin

Yale's Shiller: U.S. Housing Slump May Exceed Great Depression

Iceland, a Tiny Dynamo, Loses Steam - Hedge funds at fault ? Makes you wonder who is running the world.

Wish this were true for Bay Area .. maybe the wish might come true in due course of time -
California home prices fall 26 percent amid foreclosures

For Many, a Boom That Wasn't - NYT

Home prices won't rise until 2010, top economist says

Home prices plunge at record rate in 2007: S&P

Now the skeletons come out -
Speculators May Have Accelerated Housing Downturn

Troubled homeowners: Can't pay? Just walk away

Sign of the times - Weak US dollar no longer accepted at tourist sites in India

Home Prices Must Fall Far To Be In Sync With Rents - wsj.com

Moody's says House prices seen falling 30 pct. I think I might have to wait till 2010.

U.S. Mortgage Delinquencies Rise to 20-Year High

California prices could plunge 35%, costing $2.6 trillion in lost wealth

Home prices falling at record pace in August
Down 4.4% over the past year in 20 major cities, Case-Shiller says

California Homes Are Overvalued by as Much as 40%, Goldman Says

CEOs Don't Earn Their Pay, Execs Agree - CFO.com. Are they being honest or feeling the public backlash ?

Bernanke Says Housing to Remain `Drag' on U.S. Growth Into 2008

Executive pay still a mystery to investors - Financial Times

Miami Condos Go For A Song At Auction

U.S. New-Home Sales Slump More Than Forecast; Prices Drop Most Since 1970

Outsourcing Works So Well, India Is Exporting Jobs - NYT

S&P/Case-Shiller Home Price Index Falls 3.9% in July

Fears of dollar collapse as Saudis take fright.

US Mortgage foreclosures at a record high.

Half of S&P 500 CEO paid more than $8 million. Yahoo CEO gets $71.7 million despite under performance.

Greenspan opposed sub-prime crackdown - Former Fed Governer

Fed sees housing damping growth longer than expected.

Big drop in home prices predicted - CNN/Money.

US home prices to drop in 2007, first since 30s.

Duke MBAs cheating scandal may be a national trend

Home sales plunge in March

The number of mortgage default notices sent to California homeowners last quarter rose to its highest in nearly 10 years.

Kenneth Heebner, manager of the top-performing real-estate fund over the past decade, says

U.S. home prices may plunge as much as 20 percent because of rising defaults on riskier mortgages.

The home mortgage crisis spirals, taking a toll in the U.S.

Home Sales in U.S. Tumble Most in 13 Years

More Californians at risk of losing homes - latimes.com

M.B.A.s are the Biggest Cheaters - Graduate business students take their cue from corporate scandals

Bernanke Says Housing in `Substantial Correction' - Bloomberg.com

cbs2.com - 4 Major California Home Markets See Drop In Prices

House prices show first annual fall in 11 years | Business News | Reuters.com

As the numbers keep getting worse, the housing industry feigns surprise and tries to put on a happy face. - Fool.com

Finally, The chief economist of the California Assn. of Realtors has stopped using the term "soft landing" to describe the state's real estate market, saying she no longer feels comfortable with that mild label!

Housing Expert: 'Soft Landing' Off Mark !

USATODAY.com - CEO pay soars in 2005 as a select group break the $100 million mark

Speaking truth or crying 'wolf'? - Predictions of housing collapse worth listening to - MarketWatch Article

Farewell, Condo Cash-Outs - New York Times

Economist says it is a Danger time for America

BRIC update + new growing countries by Goldman Sachs

Most Large Company CEOs Enjoy Gross-ups - - CFO.com

Home sales shifting into buyer's market -USATODAY.com -

Report: Survey, experts say housing market may have peaked - "The air is coming out of the balloons."

Malignant Design - Chomsky

STUDY: FALSIFIED DOCUMENTS HELPED PRECIPITATE VIETNAM WAR

Intel delays and slows dual-core Itanium | Channel Register

Indian call centres are like slave ships, says study : HindustanTimes.com

Telegraph | News | Secret MoD poll: Iraqis support attacks on British troops

ZNet |U.S. | The Truth About the Red Cross

It's Not up to the Court - Howad Zinn

The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops - Economist

Warren Buffett remains bearish on the dollar

Bubble's New Home . Good review of Shiller's views on Housing.

Questions remain over Itaniums potential. Michael Dell said - "If I talked for three hours about what's important to our business I don't think I'd ever mention Itanium".

Of all the magazines, Forbes talks about The Golden Parachutes of CEOs !

Biharis are happier than Americans !

Mike Davis on Riding the Real-Estate Tsunami - TomDispatch.com

Job Market good ? Tech layoffs continue - says this SJMercury article.

Wayman's way big bonus - 3 mil for 3 months !

Say 'Golden Hello' to Mr Hurd !

ECONOMISTS ALARMED BY U.S. HOUSING MARKET'S PARALLELS WITH LAST DECADE'S STOCK BUBBLE

Executives Cash In, Regardless of Performance -washingtonpost.com

NYT article - The New York Times > National > Speculators Seeing Gold in a Boom in the Prices for Homes

Stock-market bull sees housing bubble

US Workers Voice Increasing Dissatisfaction With Jobs, Survey Says - Duh ?

Is it the last bear throwing in the towel ?

Yet more CEO pay indulgence : Report says top CEOs saw cash bonuses soar in '04

While on the topic of salary hikes, Indians took home heftiest hikes in 2004

The average salary of technology workers in the United States last year slipped to $67,800 from $69,600, a 2.6% decline according to this IT Salary Survey by dice.com

Warren Buffett sees no way but down for US dollar

According to this NYT article, India's Boom Spreads to Smaller Cities

Even Economist talks about the disconnect between Executive pay and performance .

California, U.S. in a Housing 'Bubble,' UCLA Forecast Says

The weak dollar – causes and consequences - Bill Gross , PIMCO

Housing experts say cash in now - Modbee.com

Is it a sign of things to come ? BBC reports -Call of India lures European workers

Despite all the noise about 2000 election issues, 2004 is still An Election Spoiled Rotten

American consumers and Chinese producers have led a global boom. China is creating genuine wealth, but America's binge is based partly on an illusion, according to this Economist article

CEO pay packages swelled across a wide array of U.S. industries in 2003 despite shrinking salaries for many workers, a report showed. Pay disparity up for CEOs and workers

As I suspected all along Job Cuts in Tech Sector Soar, Report Finds

Just when the news looks hopeless and gets bleaker and bleaker, The Optimism of Uncertainty by Howard Zinn gives a glimmer of hope.

I found out this Google reverse lookup

Readers rage over worst CEOs -- their bosses. And Carly figures prominently.

Jim Cramer's famous? speech about TheStreet.com: The Winners of the New World

Why Housing Is About to Go "Pop!" from BW online and couple of links to CEPR on housing bubble debate.

New details about the tactics Microsoft used to secure a dominant position in software markets for nearly two decades.
Newly Released Documents Shed Light on Microsoft Tactics

U.S. housing boom poised for a bust : Whether later this year or next, the real worry is will it just pop or slowly deflate?

This article from the Wall Street Journal questions whether Microsoft really innovates enough to justify the enormous amount of money (nearly 10% of the cost of every PC!) it takes from consumers each year. Hard drive and chip makers innovate constantly, but what about Microsoft?

Who Sank Itanic

Experts: Executive Pay Still Out of Control

Trying out BlogThis feature of Mozilla Firebird - Next Generation Browser

Now it's public ! I always thought Powerpoint does make you dumb !

Long pause in whatever little blogging I do, because of NSJ4.

Robert Shiller's research shows still there is irrational exuberance in US real estate market.

A list of Top 100 Corporate Criminals of the Decade from Corporate Crime Reporter.

Ballmer tells Microsoft employees that Linux poses tough challenge .

Microsoft will steeply discount or give away products to fight Linux.

Economist takes note of Linux.

In a survey of global economic dangers, the International Monetary Fund warned on Thursday that the U.S. housing market, after two years of record sales over and strong increases in home prices, could be headed for a fall.

According to this USAToday story, bubble hasn't burst yet on CEO salaries despite the times

Who supports war ? Not many people around the world, according to the surveys.

According to this Economist article, housing markets in several countries are looking decidedly bubbly .

Jim Rogers talks about the downward spiral of US Dollar and why it could lose its status as world reserve currency.

While thousands of HP employees were laid off and its earnings plunged into red for the year 2002, its ex-president Michael Capellas walked away with cool $26 million.

Despite the recent round of corporate scandals, US companies are continuing to promise their chief executives hefty severance payments and benefits.

Report - War alone won't boost economy

Report -
Silicon Valley Picture grim for job rebound

This is my first blog post.