Posted by Cartoosh on Wednesday, June 17, 2009,
In :
Economy
Another good book " Fruitless Fall: The Collapse of the Honey Bee and the Coming Agricultural Crisis " has arrived at Cartoosh's Economy Bookstore for your summer reading. Below is the book review for your convenience. From Publishers Weekly
With a passion that gives this exploration of colony collapse disorder real buzz, Jacobsen ( A Geography of Oysters)
investigates why 30 billion honeybees—one-quarter of the northern
hemisphere's population—vanished by the spring of 2007. He identifies
t... Continue reading ...
Posted by Cartoosh on Sunday, June 14, 2009,
In :
Economy
We have added a book to Cartoosh's Economy/Finance Bookstore: "Panic: The Story of Modern Financial Insanity" It's very easy to read. You'll enjoy it.
Here is the review from Publishers Weekly:
Lewis (Liars Poker) takes
readers on a spin through notable recent financial catastrophes
including the stock markets 1987 crash, the Russian default and related
failure of hedge fund Long-Term Capital Management, the Asian currency
crisis, the Internet bust and the recent subprime debacle. While t... Continue reading ...
Posted by Cartoosh on Tuesday, April 7, 2009,
In :
Economy
 4/4/2009
Americans were in shock over the last few days due to a series of killings across the country. A married couple were discovered inside their burning home in Herndon early Thursday in Fairfax County of Virginia. Police believes that the husband stabbed his wife to death and then set their home on fire. In Pierce county of Washington on Friday night, an angry farther who had dispute with his wife killed his wife and five children, before committing suicide. In Binghamton, New York, a gu... Continue reading ...
Posted by Cartoosh on Saturday, March 21, 2009,
In :
Economy
3/11/2009
President Obama signed the $410 billion bill Wednesday morning to keep most of the government operations running until September 30. Banking on Obama's willingness to sign the bill, both Republican and Democratic lawmakers jammed the bill with about 8,500 earmarks worth of $8 billion. At $410 billion, the bill represents an 8 percent increase over last year's spending levels, more than double the rate of inflation. Given the fact that the U.S. national deficit has been making its re... Continue reading ...
Posted by Cartoosh on Saturday, March 21, 2009,
In :
Economy
1/22/2009
Some GOP governors appear to have difficult time in deciding whether to accept any money from the $787 billion economy stimulus package provided by the federal government. Some even are doing their calculus in determining which portion of the stimulus aid would be accepted and which portion not. Their reasons: The stimulus package is a waste of the taxpayers' money and is not going to help much of the economy or create enough jobs.
Well... California Gov. Arnold Schwarzenegger is ... Continue reading ...
Posted by Cartoosh on Saturday, March 21, 2009,
In :
Economy
2/10/2009
How much would it take to turn around the sinking economy again?
The Obama administration has been considering for the government and private sectors to purchase so-called toxic assets from the struggling financial institutions. According to the new estimate, the amount of government and private funds combined will be "on an initial scale of up to $500 billion, with the potential to expand up to $1 trillion." In addition, the Federal Reserve announced it would commit up to $1 tri... Continue reading ...
Posted by Cartoosh on Saturday, March 21, 2009,
In :
Economy
2/9/2009
President Obama held a conference today to call on Republicans not to "play the usual politics games" and pressure the lawmakers to approve the massive economy stimulus plan.
"The plan is not perfect," the president said. "No plan is. I can't tell you for sure that everything in this plan will work exactly as we hope, but I can tell you with complete confidence that a failure to act will only deepen this crisis as well as the pain felt by millions of Americans."
President Obama sa... Continue reading ...
Posted by Cartoosh on Saturday, March 21, 2009,
In :
Economy
Most of the first half of the $700 billions bailout money has been handed out by the Treasury Department to the nation's banks. The idea was to inject enough money to the banks, so they would start making loans and lending money to businesses or consumers. In theory, that would thaw the frozen credit market and help jump-start the economy.
"Banks might normally be leveraged 10:1, so some of the logic is that if you invest a billion dollars in a bank in capital, then over a period of time tha... Continue reading ...
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