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|OPINION AND EDITORIAL|
|AMERICA’S FINANCIAL CRISIS: THE NEXT LEG DOWN|
By Mike Whitney
June 05, 2009
Editor’s note: Mike Whitney is a financial writer based here in the Sky Valley. His work has been published both in the U.S. and abroad. The following analysis of America’s current economic struggle is reprinted here with permission.
Collapsing home prices and credit markets continue to put downward pressure on consumer spending, forcing the Federal Reserve to take even more radical action to revive the economy.
The week of Monday May 18th, Fed chief Ben Bernanke raised the prospect of further monetizing the debt by purchasing more than the $1.75 trillion of Treasuries and mortgage-backed securities (MBS) already committed. The announcement sent shock-waves through the currency markets where skittish traders have joined doomsayers in predicting tough times ahead for the dollar.
|IN CONGRESS WE TRUST…NOT|
May 15, 2009
Special Guest editorial to Sky Valley Chronicle by Sibel Edmonds, Former FBI language specialist
I have been known to quote long-dead men in my past writings. Whether eloquently expressed thoughts by our founding fathers, or those artfully expressed by ancient Greek thinkers, these quotes have always done a better job starting or ending my thoughts - that tend to be expressed in long winding sentences. For this piece I am going to break with tradition and start with an appropriate quote from a living current senator, John Kerry: “It’s a sad day when you have members of congress who are literally criminals go undisciplined by their colleagues. No wonder people look at Washington and know this city is broken.”
|A DIFFERENT KIND OF FREE MARKET: SHARING WITH NEIGHBORS|
May 07, 2009
By Chaka Runa April 26, 2009
We are a small town of less than 4,000 people in the mountains of Ecuador . Recently our new organic farmers cooperative started hosting one afternoon a week to exchange our produce and seeds among ourselves...no money changes hands.
|WE NEVER STAND SO TALL AS WHEN|
WE KNEEL IN SERVICE TO OTHERS
May 03, 2009
"A nation's greatness is measured by how it treats its weakest members."
"Any society, any nation, is judged on the basis of how it treats its weakest members -- the last, the least, the littlest."
Cardinal Roger Mahony in a 1998 letter “Creating a Culture of life”
Last month The Farm - a Christian ministry based in Snohomish known for years for reaching out and helping the less fortunate - did something so sweet, so thoughtful and so caring it should restore confidence in the heart of the most hardened cynic in the basic goodness of human kind.
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