Jamie Tyroler
Recent Activity
Re: Reevaluating War Finance Strategies
I agree with Mr. Stiglitz's analysis, but would like to add that the War in Iraq has been an absolute failure in multiple aspects. Not mentioned by Mr. Stiglitz is the costs of repairing the Iraqi infrastructure and needs of the Iraqis to rebuild to some degree. The US is already paying contractors for non-existent public works projects in Iraq that, if anything has been built at all, is in the early stages or construction or the site has been abandoned. Meanwhile, while all this borrowed money has been directed to an ill-advised war in Iraq, those funds are not being used for needed projects here in the United States. We have a large number of bridges and highways that are deemed inadequate and need to be repaired or replaced. We haven't used some of these funds to provide healthcare for everyone, improve our education systems, create public work projects, help ensure that people are going to have enough food to eat and have housing. … Read More
October 22, 2008 |
Is This Economic Crisis the End of Deregulation of American Business?
The economic meltdown of the 2nd half of 2008 has been blamed on several issues: mortgages for houses that people can't afford, the selling of debt as an investment tool, CEOs making over 500 times the salary of the average employee of their companies, golden parachutes, people buying too much on credit, the United States waging two wars that are paid for by increasing debt to other nations, defense contractors with overpriced no-bid contracts that are not held accountable, etc.Can the United States return to the same business and government practices of little regulation or not? If we cannot, what needs to be done to help prevent more economic hard times? … Read More
October 22, 2008 |
Jamie Tyroler commented on What businesses are at risk? on October 22, 2008, 4:59 AM
I know Bennigan's and Steak and Ale (both owned by the same company) has filed bankruptcy and most of their restaurants have closed. With the increases in the costs of foods, I can see more restaurants (individuals and chains) closing.One of the more distasteful things about the bailouts of various companies is that most of the people who have earned 8-figure salaries and bonuses don't see anything wrong with the level of greed that has been displayed. Most people when they lose their job file for unemployment - the upper levels of management when they are fired from their jobs, make more money than most people will see in their lifetime.
In the very recent past, there has been quite a few companies filing for bankruptcy or have taken over by a former rival. What businesses are at risk? Will many restaurants go out of business because people have less money to spend? Hotels? Airlines? It hasn't been too long since Sharper Image closed their retail stores. Are other retail stores in danger? … Read More
October 3, 2008 |
I am a disabled transgender activist and writer living in Kansas City, MO. I was born in Sedalia, MO, the home of the Missouri State Fair and "Goober Burgers" in 1959. I graduated from the University of Kansas in 1982 with a B.A. in Psychology. I occasionally write for a Kansas City area LGBT paper CAMP (www.campkc.com). Other than taking a lot of medications and hoping for universal health care in the US, I generally sit a lot and occasionally send emails on behalf of various human rights organizations.
Jamie Tyroler commented on Where are we? on October 22, 2008, 3:50 PM
I hope Professor Frieden is correct regarding how bad the economy will be over the next few years. People are getting laid off because of the credit crunch. As I'm entering this, people are talking that Dow Jones Industrial Average might drop another 1000 points to about 7500.