Special Project | America's Financial Crisis: Week of January 29

6 New Items including:

• Paul Krugman | Nobody Understands Debt
• World economy set for another major downturn
• Who Will Fix the Economy?
• Remaking America: From Poverty to Prosperity
• Remaking America: From Poverty to Prosperity
• Paul Krugman | All the GOP's Gekkos

David Culver, Ed., Evergreene Digest

John Darkow

Paul Krugman | Nobody Understands Debt, Paul Krugman, New York Times

• When people in D.C. talk about deficits and debt, by and large they have no idea what they're talking about - and the people who talk the most understand the least.
• The economic “experts” on whom much of Congress relies have been repeatedly, utterly wrong about the short-run effects of budget deficits.
• World economy set for another major downturn
• All the GOP's Gekkos

World economy set for another major downturn, Nick Beams, World Socialist Website

• Despite the trillions of dollars handed out to the banks and financial institutions over the past three years by governments around the world, nothing has been resolved.
• Who Will Fix the Economy?

Who Will Fix the Economy? Henry Mintzberg, Nation of Change

• On the ground, there are two kinds of enterprises: those that rely on exploration, and those that rely on exploitation. Every economy has both, but a healthy one favors the explorers. This fosters the sense of enterprise that made the United States such an economic powerhouse.
• Confronting the Wealth Divide is the Key to Fixing the World Economy
• Remaking America: From Poverty to Prosperity

Remaking America: From Poverty to Prosperity, Byron Williams, Huffington Post

• Which direction the country is to go, what type of nation do we choose to be, and what kind of people do we choose to be.
• The conversation will be broadcast live on C-SPAN Thursday January 12 and rebroadcast for three nights on Tavis Smiley on PBS beginning Monday, January 16.
• Chris Hedges |  Brace Yourself!

Paul Krugman | All the GOP's Gekkos, Paul Krugman, New York (NY) Times

• Almost a quarter of a century has passed since the release of the movie 'Wall Street,' and the film seems more relevant than ever. The self-righteous screeds of financial tycoons denouncing President Obama all read like variations on Gordon Gekko's famous 'greed is good' speech, while the complaints of Occupy Wall Street sound just like what Gekko declares at one point in private: "I create nothing. I own." At another, he asks his protege, "Now you're not naive enough to think we're living in a democracy, are you, buddy?"
• How the GOP Tries to Transform America into a Selfish, Souless Place