Alabama's phone deregulation bill close to passage

A bill pushed by AT&T Inc. to complete deregulation of phone prices in Alabama is one step away from passing the Legislature.

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Tennessee bill to deregulate phone service moves

A proposal to deregulate the price of basic landline phone service in Tennessee has passed the Senate.

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There's been talk that George W. Bush was so inept that he should trademark the phrase "Worst President Ever," though some historians would bestow that title on pre-Civil War President James Buchanan. Still, a case could be made for putting Ronald Reagan in the competition...

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Flamboyant former billionaire financier 'Sir' Allen Stanford has been ordered a public defender in his $7 billion fraud case because he has no money for an attorney. Share Houston financier, accused of helming a ponzi scheme, emotionally speaks out.

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In the recession last year, the nation's poverty rate climbed to 13.2 percent, up from 12.5 percent in 2007, according to an annual report released Thursday by the Census Bureau.

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As the White House and Congress debate how to regulate financial firms to avoid another economic crisis, judges have assumed the point position in punishing Wall Street for causing the worst recession since the 1930s.

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Back to the Future -- The Repeal of Glass-Steagall

A law was passed in 1933, to change the financial environment that had led to the Great Depression. It was called the Glass-Steagall Act. It was repealed in 1999. This is an article about that repeal. If it doesn't make you sick, read it again.

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Whatever the source, Republican disease has readily identifiable symptoms. There are ten telltale signs, core Republican beliefs that cause rational Americans to conclude the person they see ranting on TV or disrupting town-hall meetings is pathological.

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excerpt: ""Apparently incapable of coming up with a single new idea, House Republicans plan to release a health plan today which is plagiarized almost entirely from the McCain-Palin health plan that voters soundly rejected last November.

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When the current crisis is over, the reputation of American-style capitalism will have taken a beating—not least because of the gap between what Washington practices and what it preaches.

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One would think having a water-front view from your backyard would be priceless. But, Gardner Bayless says it comes with a cost.

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The Root of the Problem

In looking for a reason for our current economic issues it appears that most people think the problem is just a few years old. They find a point that backs their cause and stop looking.

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Thirty-plus years ago, when I was a graduate student in economics, only the least ambitious of my classmates sought careers in the financial world.

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Time to Use RICO on the "Masters of the Universe"

by W. T. "Fudoki" Wilkinson 29 March 2009

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I voted for Barack Obama, and I continue to wish him nothing but success. But I have to admit his and Tim Geithner's solution to the banking crisis is exactly the wrong solution.

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In the current skirmishing over the economic crisis, Dems have largely confined their attacks to a case against the current GOP response to the disaster, labeling it the "party of No," with less discussion of past GOP behavior than Dems might have engaged in.

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A college friend of mine, after much quaffing from the keg, so to speak, would start singing a faux hymn that began, "We are sliding into sin -- whee!"

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This time it's the Millennium Bank in the Eastern Caribbean accused of a mere $65 million dollar rip off. (Ponzi king Bernard Madoff allegedly took in $65 billion.) Regulators say there is a "ponzimonium" underway with scores of newly opened investigations.

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Meet the bankers and brokers responsible for the financial crisis - and the officials who let them get away with it

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This should be required reading for all citizens. Both parties need to be held accoutable for this debacle. What can be done to stop this outrage? I hope somebody knows how to somehow reign this all in. I feel pretty hopeless.

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The global economic crisis isn't about money - it's about power.

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Does the "Narcissism" of the Weathy and Powerful Run our Country?

"Narcissistic people are described as someone with an inability to empathsize with others.

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excerpt: Here's how to explain it. The Gramm-Leach-Bliley Act of 1999 was introduced by three Republicans, Gramm, Leach and Bliley. It repealed the wall that had been put up in the Great Depression.

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Officials said the proposal would seek a broad new role for the Federal Reserve to oversee large companies, including major hedge funds, whose problems could pose risks to the entire financial system.

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Regulators have long feared a derivatives blowup, but the CDS market held up despite the collapse of Bear and Lehman. Still, some worries remain.

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We thought the state's progressives and moderates had made up their minds to be leaders in addressing climate change. But it seems that many Democrats in the Legislature are green posers who talk a good game but turn a cowardly shade of yellow when action is needed.

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Gov. Chris Gregoire's attempt to push Washington to the forefront of climate-change regulation appears dead — mortally wounded in the state Legislature by fears it could hurt the economy and be vulnerable to rip-offs.

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