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Top US foreclosure law firm threw Halloween party where staff dressed as...
From a NYT opinion piece by Joe Nocera, "What the Costumes Reveal"— On Friday, the law firm of Steven J. Baum threw a Halloween party. The firm, which is located near Buffalo, is what is commonly...
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EXCLUSIVE: photos of BofA's new #OWS-themed ad campaign
I have no idea who shot these, or who is responsible. Update: here are some daytime shots, from the San Francisco Mission district. (more…)
View ArticleUK warns of riots if Euro fails
Ottawa Citizen: "British embassies in the eurozone have been told to draw up plans to help British expatriates through the collapse of the single currency, amid renewed fears for Italy and Spain."
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Complex Systems Institute claims "bear raid" market manipulation crashed the...
A paper from the New England Complex Systems Institute claims that they have found evidence that traders executed a "bear raid" on Citigroup in 2007, precipitating the financial collapse. A "bear...
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Pepys Road: online story about Londoners weathering the crash
Matt sez, PepysRd.com is an innovative online story based on Capital by John Lanchester, the first big London post-crash novel. Capital interweaves the lives and stories of the residents of Pepys...
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Austerity is Europe's mutual suicide-pact
Laurence Lewis's Daily Kos editorial, "The cruel stupidity that is economic austerity," is a blazing indictment of austerity as a means of recovering from recession, and it cites experts and...
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Interview with author of "Predator Nation: Corporate Criminals, Political...
Andrew Leonard of Salon interviewed Charles Ferguson (director of Inside Job, the documentary about the unpunished criminals who caused the current financial collapse) about his new book, Predator...
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Get a free copy of "Share or Die" - strategies for a shared, post-austerity...
Share or Die is a new anthology from Shareable.net (whose mandate is to promote sharing in all its guises), written by 20-somethings struggling through austerity and econopocalypse, who find in...
View ArticleSpanish activists raise money to sue bank boss at center of financial crisis
A group of Spanish activists organized under the #QuerellaPaRato ("Lawsuit for Rato") hashtag, have raised a large private fund to pay for a civil action against Rodrigo Rato, the disgraced former...
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Notes from the bankruptcy of Stockton, CA
The LA Times's Diana Marcum tells the story of the bankruptcy of Stockton, California, a city of about 300,000 people, which has just filed for bankruptcy. The city -- and its developers -- borrowed...
View ArticleDesperate banks fall for the 419 advance-fee fraud
The FDIC has issues a special alert warning that America's debt-haunted, cash-strapped banks are falling prey to conmen working the advance fee fraud, the same scam used in the familiar "Nigerian...
View ArticleCompelling bad news about the economy
Ian Welsh writes on Naked Capitalism with 21 dismal and compelling "basics" about the economy and the so-called "recovery." 7) Europe, ex. Germany, is in recession. 8 ) the developed world is in...
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Cats for Gold: turn your glitter to litter!
catsforgold.com: Sell your old gold and jewels and get cats delivered right to your front door. An internet riff on the troubled online pawn shop Cash for Gold. (via Calpernia Addams)
View ArticleUnemployment stats in the USA just got worse
America's official national unemployment rate is now 10.2%. But there are more sad numbers in the Bureau of Labor Statistics's October report, out today. Jobless rate in some states is higher....
View ArticleAIG necropsy: taxpayer billions, direct to their pockets.
"The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties." A necropsy of the AIG...
View ArticleWashington post to close remaining domestic news bureaus
"The Washington Post, in a significant retrenchment, is closing its remaining domestic bureaus around the country." The paper's six US news correspondents in New York, Los Angeles and Chicago will be...
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Rustbelt collapse dividend: ginormous Chrysler plant and 3,000,000 sqft worth...
Richard sez, "For the discerning mad scientist: the list of items up for auction by the University of Delaware from a former Chrysler plant in Newark, Delaware. The university bought the plant after...
View ArticleEconopocalypse: the Marxist animated whiteboard explanation
Marxist sociologist David Harvey gave a great presentation analyzing the econopocalypse in Marxist terms at London's Royal Society for the Arts. The talk is animated with high-speed whiteboard doodles...
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