greatest depression
HOORAY, WE’RE RICH AGAIN! RECESSION OVER … In Canada
Feeling a little fancy today? You should be! If you’re Canadian, we mean …. Because the Bank of Canada has announced the Horrible Recession is over, done, finished, kaput, était finie. But only in Canada, and only for Canadians. Dang. [Canada.com/Globe and Mail]
Senate Bailout Doesn’t Actually Save Collapsing Economy
Hey, you half-million people seeking unemployment checks last month: Did you not hear that Congress and Hank Paulson are going to Save the Economy? And what about you Wall Street analysts finally admitting, today, that the United States is in a terrible recession? Did you forget that John McCain believes the fundamentals are strong?
Global Capitalism Fails, Ends
Well, shit. Fun while it lasted, right? For us, anyways — the elites who had the MacBooks and iPhones and flat-screen teevees and cars and hot water and, uh, food. Pretty much sucked for the other 5 billion, but whatever, it’s all academic now. Ha, not really, because there will be no more academics. Just [...]
HELP US, GEORGE W., YOU ARE OUR ONLY HOPE? Oh dear lord, George W. Bush will be rolled out in a moment to speak about the Depression, again. Liveblogging will occur. [Associated Press]
Washington Mutual Collapses; McCain Destroys Bailout Deal
There are no more nights in politics or business — only the endless horrible grind of collapse and fuckery, 24 hours a day, including this newest chapter in our latest, greatest depression: Washington Mutual has collapsed, and was closed by the Federal Government late Thursday night. It’s the biggest bank failure in U.S. history. And [...]
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