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thinkahol *

Russia is seeing an emigration exodus - latimes.com - 0 views

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    Some chafe at life under Vladimir Putin's rule, but for many others, economic limitations are the prime motivator. Experts say the numbers have reached demographically dangerous levels.
thinkahol *

Open proposal to US higher education: end oligarchy economics, save trillions with educ... - 0 views

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    Economics: I'm going to discuss trillions of dollars in a moment. As an economics teacher, I understand numbers this large are extremely difficult to imagine. If you are among the majority with this difficulty, I recommend that you follow the expert testimony that paints the picture, and know that success in this area of public education transformation that unleashes trillions of our dollars for human creative capacity in unimaginable power is sufficient to end the current economic crisis. This is the longest section of my briefing. If you tire in reading, please consider that at trillions of dollars of annual public benefits, you literally have nothing more valuable to do than understand the following facts and ideas. Harvard's Linda Bilmes co-authored a paper with Nobel Prize winner Joseph Stiglitz estimating the long-term costs of current US wars at now $3 to $5 trillion ($30-$50,000 per US household of $50,000/year income), with total debt increase since 2001 of over $10 trillion. Remember, as demonstrated by the evidence disclosed by our own government, all the reasons Americans were told to go to war were known to be lies as they were told and applicable law proves these wars Orwellian unlawful. Just down the Charles River from Harvard, MIT's Simon Johnson (and former Chief Economist of the International Monetary Fund) describes our economy being lead by gambling oligarchs who have captured government as in banana republics (his words), and might plunge the US into an economy worse than the Great Depression. From his article under the telling title, The Quiet Coup: "Elite business interests-financiers, in the case of the U.S.-played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The govern
thinkahol *

Corporate liability and social interest | openDemocracy - 0 views

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    The doctrine of limited liability raises questions about businesses' responsibility for the environmental, social or financial costs of their activities. Tony Curzon Price reflects on the issue in the context of a London conference, and interviews two expert participants.
Giorgio Bertini

Credit rating agencies under a harsh spotlight again - 0 views

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    European politicians are fuming over the US credit ratings agencies and their role in various financial crises. But some experts say it was governments who allowed rating firms to gain too much power in the first place.
Giorgio Bertini

The Biggest Poker Game Ever: Will the European Debt Package Really Work? - 0 views

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    Germany's cabinet has passed a draft law to provide for its portion of Europe's 750 billion euro package to prop up the ailing currency. But will the fund work? Experts are warning that the side effects may be difficult to stomach.
thinkahol *

RSA - 23 Things They Don't Tell You About Capitalism - 0 views

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    Development economics expert Ha-Joon Chang visits the RSA to dispel the myths and prejudices that have come to dominate our understanding of how the world works.
Giorgio Bertini

James K. Galbraith: Why the 'Experts' Failed to See How Financial Fraud Collapsed the E... - 0 views

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    Galbraith to senators: "I write to you from a disgraced profession. Economic theory ... failed miserably to understand the forces behind the financial crisis."
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