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The Ten Wealthiest Financiers in America Are Not Wort...
By Escape The Illusion on May 30, 2010 | No Comments
By Les Leopold. Dear Messrs, Tepper, Soros, Simons, Paulson, Cohen, Icahn, Lampert, Griffin, Arnold and Falcone, It’s now estimated that about 150,000 teachers will lose their jobs next year because of the financial crisis touched off by your industry. On behalf of the 3 million young people who ... -
EPA Weighs Sanctions Against BPBy Escape The Illusion on May 25, 2010 | No Comments
Officials at the Environmental Protection Agency are considering whether to bar BP from receiving government contracts, a move that would ultimately cost the company billions in revenue and could end its drilling in federally controlled oil fields. Over the past 10 years, BP has paid tens of million... -
Fannie Mae seeks new $8.4 billion US bailout to stay ...By Escape The Illusion on May 10, 2010 | No Comments
US mortgage finance giant Fannie Mae said Monday it needs an additional government bailout of 8.4 billion dollars after reporting a 2010 first-quarter loss of 11.5 billion dollars. ~READ MORE~ ... -
Angst rises as Arizona Gov. Jan Brewer mulls immigrat...By Escape The Illusion on April 21, 2010 | 1 Comment
The nation’s battle over immigration reform this week landed squarely on Arizona Gov. Jan Brewer’s office steps. And with four days left to decide what she’ll do about one of the state’s most divisive issues in the midst of an election year, the pressure is mounting. The Ariz... -
The Whistle-Blower They IgnoredBy Escape The Illusion on April 14, 2010 | No Comments
By Robert Scheer. There aren’t too many genuine heroes to come out of the banking disaster, but Armando Falcon is one of them. You have probably never heard of him, but his testimony Friday before the Financial Crisis Inquiry Commission, available on the commission’s website, is must reading for... -
Risk of Japan going bankrupt is real, analysts sayBy Escape The Illusion on April 11, 2010 | 1 Comment
TOKYO — Greece’s debt problems may currently be in the spotlight but Japan is walking its own financial tightrope, analysts say, with a public debt mountain bigger than that of any other industrialised nation. Public debt is expected to hit 200 percent of GDP in the next year as the governme... -
Rescue mission held up after U.S. mine disasterBy Escape The Illusion on April 6, 2010 | No Comments
MONTCOAL, West Virginia – Hopes of finding survivors following the worst U.S. mining disaster in two decades faded Tuesday as rescuers pulled back fearing another explosion after at least 25 miners were killed. President Barack Obama sent his “deepest condolences” and “prayer... -
Central Banks Stashing Away Gold at Brisk PaceBy Escape The Illusion on March 28, 2010 | No Comments
Central banks around the world added 425.4 metric tons of gold to their reserves last year, the biggest increase since 1964, according to the World Gold Council. That represents a 1.4 percent gain to put their holdings at 30,116.9 tons in total. The increase was the first since 1988. Central banks i... -
President Obama signs multi-billion dollar jobs bill ...By Escape The Illusion on March 18, 2010 | No Comments
President Barack Obama offered hope Thursday that the faltering US economy will soon create more jobs, as he signed a multibillion-dollar employment package to aid the fragile recovery. Signing into law a 17.6-billion-dollar measure designed to boost hiring, Obama said the economy was “beginni... -
DeLay: People are unemployed because they want to beBy Escape The Illusion on March 7, 2010 | 3 Comments
Former House Majority Leader Tom DeLay says that Sen. Jim Bunning was “brave” for blocking an extension in unemployment benefits. DeLay subscribes to the notion that people only try to find jobs when their benefits run out. “There is an argument to be made that these extensions, th...
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