Posts tagged “economics”

Perino cannot discuss dollar; Fed bails out billionaires

White House Press Secretary Dana Perino indicated she would be fired if she discussed the state of the falling dollar.

Ok, this is not the first time a president has forbade a press secretary from discussing a given topic. I’m sure it won’t be the last. But this just sticks in my craw.

There is something so terribly out of whack when the “leader of the free world” has to tell his PR flack that she will be fired if she says word one about the flagging dollar…and then she tells the world that very same thing! I don’t know if I am more disgusted with the ostrich-stance of the executive branch or the chicken-shit way Perino chose to stand up to her boss. Hell, I’m probably giving her too much credit; she probably just let it slip without thought to the implications of such a statement.

Don’t even get me started on the Fed beginning to bail out the robber baron billionaires sitting comfortably at Wall and Broad. I agree with the comment over at Jon Taplin’s blog that this should be the top headline in every major paper today. I guess that will have to wait for another day.

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Who wants to learn about global banking?

'Banked Into Submission'

This is one of the best explanations of the system of global lending and modern financial imperialism that sprung out of Bretton Woods in 1944. Those systems (IMF, World Bank, etc.) have led to mass destruction of culture, life and terra firma around the world since their inception. Who better to explain them than a cute, animated kitten? Definitely worth a look.

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The bell tolls for thee, Internet radio

In yet another asinine regulatory decision handed down by our stifling federal bureaucracy, the Copyright Royalty Board ruled on March 5, 2007 to increase the royalty paid by online radio stations. The increase to $0.14 per song per listener goes into effect retroactively to 2006 and stays in place until 2008, at which time the rates get another double-digit increase.

This decision will have two clear effects: 1) many online radio sites (Pandora, for instance) will go overseas to avoid this onerous pillaging by the recording industry and 2) those that can’t make the jump overseas will simply go out of business.

I know this makes me the anachronism that I am, but I thought this country was supposed to be about the free flow of information and the industrious pursuit of success and happiness? Damn! All that grade school propaganda got the better of me.

What about my former radio station, KJHK? They were nearly sunk back in 2002 when rates were jacked up the first time. Now, they have to worry about this back-dated bill? I suggest you get their stream on while you still can!

Be sure to check out the coverage of this issue over at BusinessWeek and Cnet.

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