Category Archives: Economics

Assignment Detroit Project – TIME.com

Time is focusing on the death of Detroit and hoping to find stories of rebirth as well.

They even include some really, really depressing photos.

I heard about the project on Here and Now today so check out the interview.

As a bonus, ESPN is carrying a story on the Tigers making it to the playoffs and that is inspiring their fans to hope for better things, as sports at it’s best will do.

Weak Signals: Problems Linger With Digital TV Switch : NPR

We’ve been having problems with our cable stuttering since the transition. Nice to know we’re not the only ones.

Face it folks, most of this country is built on an infrastructure built during the Great Depression or, if lucky, in the 50s and 60s. Sure, there are new cheap-ass homes and strip malls everywhere, but the dams, transmission lines, telephone systems, etc. are pretty antiquated technology and most of it is old.

I know Republicans laugh whenever it is brought up that we need to work on infrastructure repair and replacement, but they’ve proven to be wrong on just about everything.

Fix and replace where needed and we can join the 21st century folks.

Medical bills underlie 60 percent of U.S. bankrupts: study | U.S. | Reuters

Pretty much everything you need to know about the financial reason to push through health care reform. Families are going broke and losing their homes while insurance companies have enough cash to bribe and buy Congress many times over while earning insanely sick salaries.

Don’t believe me? The CEO of UnitedHealthcare makes (through salary and stock option) over $800,000 A DAY! Unless this guy managed to cure cancer, pull all the excess carbon out of the air, and figured out how to get rid of acne in one morning, there is no way in hell he deserves that kind of money.

But he does. On the back of everyone paying for crappy insurance policies. Some of them are losing their homes while he figures out how many more mansions he’d like to own.

So much for fairness.

Squeaking by on $300,000 – washingtonpost.com

Good God. Yet another pity story about rich people suffering in the recession.

Seriously? You can’t buy your kid the new “it” phone for back to school and that somehow compares to people who can’t make house payments or provide enough for their families to eat?

Yeah, it’s all relative, but maybe these reporters should go interview people actually suffering instead of those mildly inconvenienced by the economic downturn.