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Unblocking Credit

Wednesday Feb 11 2009

The AARP released a report in December 2008 entitled The Impact of the Financial Crisis on Older Americans. Key recommendations were to unblock the credit channel, extend unemployment benefits, increase nutrition benefits, prop up Medicaid and other social programs, and, most importantly, implement a streamlined form of mortgage relief. Secretary of the Treasury Tim Geitner's press conference yesterday outlined the details of the $1 trillion stimulus package. The package includes a large commitment to transparency and social reform, as well as mortgage relief. This is a long-term effort, and requires the patience, trust and the commitment of the American people to help 'turn this world around'. [Read More]

Written by eldering at News

Tagged with: financial_crisis geitner stimulus

Beyond the Bailout: Agenda for a New Economy

Thursday Dec 04 2008

By David Korten | Website

The financial crisis has put to rest the myths that our economic institutions are sound and markets work best when deregulated. Our economic institutions have failed, not only financially, but also socially and environmentally. This, combined with the election of a new president with a mandate for change, creates an opportune moment to rethink and redesign. President-elect Obama has promised to grow the economy from the bottom up. That would be a substantial improvement over growing the top at the expense of the bottom.

[Read More]

Written by eldering at The Great Turning

Tagged with: bailout_package financial_crisis sustainable_economy wall_street

The Crisis

Friday Sep 26 2008

By Jim Selman | Bio

As an elder, what do I have to say regarding the ‘crisis’ in the financial system? To begin, I don’t know what to say about the crisis. But I do know that this is not a time for ‘idle’ opinions or mouthing platitudes and ideological dogma. I know the seemingly ‘sudden’ emergence of this situation is mostly the fact that the media and government pays attention only after something happens and doesn’t bother to listen to thoughtful commentary before the fact—perhaps because so much of their business is about who to blame. A few things are clear...[Read More]

Written by eldering at The Great Turning

Tagged with: control financial_crisis government responsibility