Article about an argument by Charles Karelis that traditional economics do not apply to poor people. He outlines his argument in The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor .
<<<Not all economists believe a recession is here. Rich Yamarone, director of economic research at Argus Research Corp. in New York, said the dip in the unemployment rate and an increase in credit card borrowing reported yesterday by the Fed, show the job market and consumers still have some staying power. "Not all the economic data suggest a recession," Yamarone said. But, he conceded, "That's getting harder to defend.">>>
coffee, cocoa, palm oil. Money to be made from these notoriously 'unethical' products. If people really give a damn maybe now is time for a bit of sacrifice.
A very well written article which explains the actions to help those in mortgage trouble. It includes the inaction and further explains what a liar Bush is on this matter. Well worth reading as it is also entertaining (if that is possible on this issue).
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