As we head into Summer 2006, the world capitalist system is out of control.
As Congress jacks up the rates students and their parents are paying for college loans, the consequences are already being felt by young people whose ability to have a child or own a house is limited by debt.
New federal guidelines for banks and credit card companies that boost minimum monthly payments have wreaked havoc on American families struggling to pay their bills and avoid bankruptcy.
We're on our way to being a society of economic zombies, half dead and half alive, buried in debt but prevented by credit card companies from declaring bankruptcy.
Stocks crash and housing prices tend to go down with a whisper. But a disturbing number of signs now point to a sudden burst of the real estate bubble.
Sounds like an episode of The Simpsons, but this
is for real: The retail giant wants even more of your money.
Where is the public's outrage over corruption in US
finance and banking?
This clutch of books offers
an excellent retrospective on the recent stock-market crash, which
wiped out $8.5 trillion in market value.
Like mushrooms after a spring rain, signs pop up at this time of year in hardscrabble urban neighborhoods across the country, promising quick and easy money.
See also Tim Shorrock's March 2002 story for The Nation
on the Carlyle Group.