A few years ago, peak oil was relatively easy to understand. At some point in the future, and estimates varied as to exactly when, oil production was going to start declining due to a combination of geologic and geopolitical factors, prices were going to rise precipitously and a massive civilization-wrenching […]
Tag: financial
Nicholas F. Benton: Aborting Deflation
The news came yesterday that for only the seventh month since 1947, October 2008 marked a one-percent decline in the Consumer Price Index (CPI), suddenly raising the specter of things far worse than a mere recession, but a deflation and depression.
Falls Church Business News & Notes
Curves of Falls Church is hosting a clothing drive to benefit Dress For Success, an organization whose mission is to promote the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools to help women thrive in work and life.
Congressman Moran’s News Commentary
As we enter the final stretch of the electoral season, what can be learned from the past eight years?-a period in our nation’s history marked by conservative control: Republicans had two terms in the White House and six years controlling the congressional levers of power.
Nicholas F. Benton: Why Obama Pulled His Punches
Had Sen. Barack Obama really unloaded on Sen. John McCain in the second presidential debate, as he could have, the outcome of the election would be assured.
The Peak Oil Crisis: Mea Culpa
Earlier this week The Washington Post’s media critic, Howard Kurtz, published an apology on behalf of the media for its weak coverage of the multi-year run-up to the current financial debacle.
The Peak Oil Crisis: Bailouts & Shortages
We are witnessing one of the most eventful weeks in modern history. Stocks and oil prices plunged on Monday and bounced on Tuesday; credit markets seem to be freezing; the Congress remains in gridlock as members watch the approaching elections fearful of what could happen to their incumbency.
Congressman Moran’s News Commentary
Congress voted Monday on a package designed to rescue the financial industry and pull our economy from an expected major downturn. It failed by 12 votes.
Congressman Jim Moran’s News Commentary
As you know, the Bush administration sent Congress a request last Saturday for $700 billion to bail out the financial industry as we face the worst financial crisis since the Great Depression.
Nicholas F. Benton: Global Financial Meltdown
It’s becoming unclear which will bring the McCain candidacy down faster or harder: the economy or Sarah Palin.
