collapse

Another day, another instance of bank wrongdoing, this is the world we live in! Or rather, this is the world we WOULD live in if banks were capable of engaging in wrongdoing, which of course they are not, duh. Anyway, what have the banks been accused of doing this time? Oh nothing, just engaging in […]

The scared white working class used to flee The Poors and The Coloreds by moving to the next new ring of surburbia, which helped create the Architecture of Banal Oppression that defines this ruined country. But now the next (last) ring of suburbia/exurbia is where The Poors have wound up … and it turns out […]

How are things in the American Heartland this morning? Very terrible, according to this video news report from … a comedy blog? A superhero musical? No, it’s from the Associated Press.

If the sunshine seemed a little bit brighter this morning and the air a little bit sweeter, you were surely imagining it — Obama’s new smog allowances keep the skies permanently brown and sour, despite the collapse of American manufacturing. But America is on the rise in one exciting new respect: One of every six […]

The stock markets just closed in New York, hooray! (“Hooray,” because now the stock markets can’t fall any further today. But tune in tomorrow!) If you don’t care because you’re already poor — hello, 90% of America! — or you have retirement and/or investment accounts and have just been too terrified to look at Marketwatch.com, […]

Ronald Reagan’s illegitimate son Barack Obama just signed his Tea Party Disaster Bill, which officially makes “being poor” both Illegal and the legal status of 90% of Americans. So will Wall Street finally love Barack Obama a little bit more? No, of course not. Stocks collapsed. This is a Failed State. The value of American […]

Because of many reasons including “the nation cannot even agree to print more money,” the United States is in danger of losing its fancy AAA credit rating from Moody’s, the investing service that decides what countries and businesses have good credit. (Moody’s failed to predict the housing collapse and current financial meltdown, so who knows […]

A startling new study proves that America’s Middle Class has been utterly, completely wiped out — these are the people all politicians are always talking to, in theory. What happened? Apparently, wages have been declining for thirty or forty years and pensions have vanished and the one asset 90% of middle class people owned is […]

At the rate of last month’s dismal job creation, it will take more than 15 years for America to replace the 7 million jobs that vanished in this Great Recession. The awful new job numbers — just 38,000 in May when economists say the country needs at least 244,000 new jobs per month if the […]

The economic recovery continues to be a complete fiction, like the Harry Potter books but without all the fun sex magick. Unemployment is officially back to 9%, with real unemployment at 22%. Energy and food costs keep rising as jobless benefits run out and wages are stagnant for the lucky ducks who still earn a […]

America’s last half-assed attempt at a serious newspaper, the New York Times, is rapidly losing the last of its serious op-ed writers. Bob Herbert is the latest to say goodbye, and his final column is devastating. It starts like this: “So here we are pouring shiploads of cash into yet another war, this time in […]

The last time so few new permits were issued for housing construction, it was 1961 — when American economists first began keeping records of the numbers of housing permits as an economic indicator. There are millions of unwanted, unsold and unfinished new housing units in this country. Who would buy these things, right? There are […]

Congratulations, America! The U.S. war in Afghanistan has now lasted longer than the Soviet war in Afghanistan. That’s nine years and fifty-three days for us, so far, and nine years and fifty days for the USSR. One cool thing about always having wars in the same brown-people countries year after year and decade after decade […]

BLACK FRIDAY  3:43 pm November 26, 2010

Happy Holiday Bargain Day!

by Ken Layne

On this Holy Day of going to the Big Box stores and outlet malls to use up whatever’s left of the American Consumer’s shrinking credit line, as a permanent jobless/starving class approaches one-fourth of the entire population and constant economic fear is the standard emotion for all but the richest 5%, what are Washington’s concerns? […]

For the third straight year, even as the Great Recession pummels ever more people into poverty, the national crime rate has dropped. Murder, rape, burglary — almost every kind of criminality has fallen, with the rate of violent crime and property crime dropping by another 5% in 2009. Since 1991, the United States has seen […]