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Economics & Markets

Unemployed Youth: The Lost Generation

Unemployed Youth: The Lost Generation

High youth unemployment is a defining characteristic of the current recession. Despite the so-called recovery, a fifth or more of young people under thirty remain unemployed. In most countries, youth joblessness is triple the general unemployment rate.

New Hope for Underwater Borrowers

New Hope for Underwater Borrowers

Anti-eviction activists were thrilled with a November 25 ruling by the Federal Housing Finance Administration (FHFA), which seems to reverse the position taken by the Obama administration in federal court. Prior to the new ruling, homeowners foreclosed by Fannie Mae or Freddie Mac (the Enterprises)* found themselves in the painful position of watching their foreclosed […]

The Real Vampires: An Insider’s View of Banks

The Real Vampires: An Insider’s View of Banks

According to Quigley, banks have controlled western society by manipulating the money supply since the creation of the Bank of England and the fractional reserve lending system in 1694.

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