Solutions to the Financial Crisis

Date: Tuesday, September 30, 2008 1:01 AM
Category: Allgov Blogs
Watching the nation’s news commentators, you would think that the bailout proposal created by the Bush administration, adjusted by the Congressional leaders and then rejected by the House of Representatives was the only possible answer to the nation’s financial problems. Fortunately, many observers from the Left, Right and Middle have presented alternative solutions. Here are a few of these ideas. Some are comprehensive and some deal with individual issues, but they are all worth a look.

Where to Find $900 billion for Recovery (by Anderson, Collins, Muhammad and Pizzigati, Institute for Policy Studies

Tweak the Bailout Plan (by Stuart M. Butler and Edwin Meese, III, Heritage Foundation)
Fix the Bailout Plan (by Dominique Strauss-Kahn, International Monetary Fund)
Increase Transparency, Liquidity and Supervision (by Martin Neil Naily and Robert E. Litan, Brookings Institution)
Home Owners Loan Corp. and Federal Revenue Sharing (by James K. Galbraith, Washington Post)
Cut Defense Spending, now at $612 billion for 2009 (by Chalmers Johnson,
Homeowners Emergency Loan Program (National Community Reinvestment Coalition)
Keep Borrowers in Their Homes (by Andrew Jakabovics, Center for American Progress)
Super-Bonds (by John P. Hussman, Hussman Funds)

Latest News

D.C. Halts Huge Energy Company Merger because of Threat to Growth of Renewable Energy Sources

Exelon is primarily a power-generation company with more nuclear plants than any other U.S. utility. The company has consistently fought renewable energy efforts and the rejection of the merger came as a welcome surprise to clean energy advocates. The commission’s decision in the high-profile pending merger was reported to have taken all parties by surprise, from the power industry to renewable energy advocates.   read more

AP and Reporters Committee Sue FBI for Release of Records about Impersonating Journalists

The FBI had published a fake news story, purportedly from the Associated Press, in 2007 in order to entice a suspect to download it so the bureau could put surveillance software on his computer. The fake story, “Bomb threat at high school downplayed by local police department” was released on the Internet with the AP logo. The article, however, originated in the FBI’s Seattle field office. The sting resulted in the arrest of a 15-year-old who had made threats against a high school.   read more

Human Vultures Descend on Poor Victims of Lead Poisoning

Countless studies have demonstrated lead’s effect on the cognitive and emotional states of those exposed to it. Appropriately, landlords who allowed lead paint to remain in their buildings have been forced to pay their victims thousands of dollars to attempt to compensate them for the brain damage caused by peeling lead paint. These payouts are often in the form of “structured settlements” which provide the victims with monthly payments for the rest of their lives.   read more

Personal Housing Expenses See Biggest Jump in 8 Years

Rent already takes a huge chunk out of Americans’ paychecks, with as many as half of renters paying 30% of their take-home pay for a place to live. High rents affect poorer Americans the most. Not only do they pay more for rent now, but they’re unable to save money to buy a home of their own. Part of the reason for increased rents is a shortage of available units. Last year’s vacancy rate of 7.6% was the lowest such figure in 20 years.   read more

6 Crewmembers Begin Year-Long Life on Mars Experiment

Each crew member will have his or her own bedroom and there are common spaces. The habitat itself is a geodesic dome with a former shipping container attached. The crew members will have limited access to the Internet and will be able to leave the habitat only if they’re dressed in a spacesuit.   read more
see more...