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A real tea party on the Columbia River

Posted by Anonymous (not verified) on Sunday, 18 September 2011

 
 
The International Longshore and Warehouse Union, the ILWU, is battling a global grain-shipping corporate partnership in the Washington State port of Longview, near the mouth of the Columbia River.
 
The contenders are:
 
EGT is a joint venture of Bunge, STX Pan Ocean, and Itochu. EGT has contracted with General Construction Company, employer of Operating Engineers Local 701, to do the work that is the long-established jurisdiction of the men and women of the International Longshore and Warehouse Union, Local 21. -- Longshore and Shipping News

We’re supposed to feel sorry for these people? Part I

Posted by Anonymous (not verified) on Tuesday, 13 September 2011

This article is the beginning of an occasional series concerning foreclosures in Merced County -- the economic crisis that doesn't go away. 
Today’s example concerns Trustee’s Sale T.S. No. 08-2212-SP-CA, a ranchette in the North Merced area. (Even though Merced County denies the existence of any ranchettes in the county, on this particular road appears to contain a dozen ranchettes, suitable for grazing horses or other backyard ornaments.)
The property is about to be sold at public auction for $949,246.38.

"The ultimate form of moral hazard" or the Federal Reserve's "finest hour"?

Posted by Anonymous (not verified) on Tuesday, 30 August 2011

The article titled "Wall Street Aristocracy Got $1.2 trillion in Fed's Secret Loans," was the result of Bloomberg business news agency's relentless quest involving numerous Freedom of Information Act requests and an act of Congress over a 3-year period. The article is destined to be famous in the annals of American journalism and will be a fundamental document of a history of these times.
It is not easy to read and demands study, rewards study.

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