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Houses of God increasingly face foreclosure
Supercheap, few-questions-asked loans were a temptation even churches could not resist, but now they are paying for their mistakes as the debt crisis enters the house of God. Foreclosure – Real estate...
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Hensarling: New Boehner bill still represents GOP willingness to compromise
What’s so extreme about a balanced budget amendment? The new Boehner bill, which looks far more likely to pass the House than the bill Boehner withdrew last night, still offers a compromise to...
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Report: Lawmakers make 3.4 times what the average working American earns
Shared sacrifice, indeed. For all their hard work to attempt to solve the debt crisis, members of Congress receive pay of 3.4 times the average American worker, according to a new study by Our...
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Video: Marco Rubio vs. John Kerry on the debt crisis
“Compromise without solutions is a waste of time.” A long clip but worth every minute. Trust me. Just watch it. View the video »
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Can we grow our way out of our debt crisis?
In part. In order to get the US out of the multigenerational hole we have dug for ourselves, we have two separate but related tasks ahead of us in the short term: reduce or eliminate our future...
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Cantor: Obama administration’s actions say, “We want to make it harder to...
Helpful opining from the House Majority Leader. In a must-read Washington Post op-ed today, House Majority Leader Eric Cantor made the connection between the present jobs crisis and the nation’s...
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Video: Maxine Waters says the Tea Party can go straight to hell
Wow. Just wow. Our lovely liberal legislators just can’t seem to stop. Rep. Maxine Waters (D-Calif.) this weekend informed the world just where she thinks Debbie Wasserman Schultz’ Tea Party “tyrants”...
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Defies Credulity Eupdate
Bad news: Eupdate is back. The last big fix to the European debt crisis, quietly unraveling since its announcement on July 21, is loudly imploding over collateral. Turns out that Finland,...
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Conference on the Debt Crisis in the Eurozone
If you happen to be in Reykjavik or thereabouts in early October–or scouting the web for papers putting Europe in perspective–this looks like a wonderful conference, not least for bringing economists,...
View ArticleEurope at the Brink – A WSJ Documentary
In this documentary, Wall Street Journal editors and reporters examine the origins of Europe’s debt crisis and why it spread with such ferocity to engulf much of the continent and threaten the entire...
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The fallacy of subsidized parity in energy pricing
Solardammerung, continued. Yesterday, the Washington Post told the sad tale of Germany and the rest of Europe regaining its senses on solar power. After decades of heavy subsidies and price supports,...
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Reuters: Those “green-collar jobs” promises have been a bust, huh?
And not just in the Solyndra sense, either. When Barack Obama took office, he promised an explosion of jobs in the “green” energy sector, up to five million in the next ten years. In his 2009...
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Introducing 30 MINUTES OF TALKING – A Mandelman Matters Podcast
OF TALKING A Mandelman Matters Podcast Introducing a new Mandelman Matters Podcast… 30 Minutes of Talking. Look for it Fridays… on Mandelman Matters. Unlike Mandelman Matters Podcasts, which are...
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We know they’re not evil, because they’re simply not smart enough to be evil.
In Hollywood movies, we’ve been introduced to villains that have real game. In the Harry Potter films, for example, there’s “Voldermort… The Dark Lord… He Who Shoud Not Be Named.” In the movie,...
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Say, whatever happened to “pay-go”?
Could this be a reason Senate Democrats won’t budget? Andrew Kaczynski of BuzzFeed unearths this gem from 2008, when Barack Obama thundered about the fiscal irresponsibility of George W. Bush over...
View ArticleDeutsche Bank Earnings Fall 34%, Worse Than Expected
Deutsche Bank Earnings Fall 34%, Worse Than Expected FRANKFURT–Deutsche Bank, the largest German bank, said on Thursday that profit had fallen 34 percent in the first quarter, more than expected, as...
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Quotes of the day
Trouble. Nicolas Sarkozy’s defeat in the French presidential election makes him the ninth European leader to be booted out since the region’s debt crisis began… Sarkozy joins a long list of victims of...
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Rubio to Geithner: The real crisis, is not admitting there’s a crisis
Denial: It’s not just a river in Egypt. On Tuesday, Speaker of the House John Boehner effectively threw down the debt-ceiling gauntlet, letting it be known that any increase in the federal...
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Spain scuttles clean-energy subsidies; promptly watches the industry go down...
Renewable energy finally meets a moratorium it doesn’t like. Serious question, greenies: is a nation justified in completely running its economy into the ground, with all of the hardship and heartache...
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Mandelman made $454,000 in 1 year as student loan debt collector?
No, it’s not me. And shame on you for thinking that even for a moment. I’m Martin Andelman, remember? My blog is named Mandelman Matters because when I first started blogging in 2008 on MSNBC’s...
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Paul Ryan: The American people have one last chance
It all comes down to this. On Fox & Friends this morning, House Budget Committee chairman, bigtime Romney surrogate, and all-around fiscal guru Paul Ryan had what I thought was a very reasoned...
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Overspending in India
Check out this story in the New York Times about free-wheeling consumer credit in India. Much of the article focuses on how Indians are using consumer credit to pay for cosmetic surgery. At one point,...
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Submit Paper on The Debt Crisis for the AALS by August 31
One more scholarly paper note….The AALS sections on Poverty Law and Clinical Legal Education will sponsor a joint program on January 5, 2013 at the AALS Annual Meeting, entitled The Debt Crisis and...
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Virginia back in the black for the third year running
It’s just how we do. Ah, Virginia — drink it in, it always goes down smooth. I’m never one to miss out on an opportunity to tout the virtues of my home state, especially while somewhat...
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Greece: Er, do you think we could get an extension on those austerity...
Pressure. And now for an update on what’s happening with the ongoing European debt crisis (which, as President Obama is constantly reminding us, is one of the many “headwinds” facing global economic...
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It’s official: We are now $16 trillion in debt
Huzzah! Wait… what?! That. Just. Happened. There’s been a bit of waffling on when exactly it occurred between last Friday and Tuesday, but regardless, that ship has sailed. Total U.S. government debt...
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