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Giorgio Bertini

The Year of Wishful Thinking - from a Global Financial Crisis morphed into a Global Sov... - 0 views

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    The period from March 2009 was the year of wishful thinking. Central banks cut interest rates and governments opened their cheque books providing a flood of cheap money that gave the illusion of recovery and a normal functioning economy. By pouring a lot of water into a bucket with a large hole, the world sustained the impression that the receptacle was almost full.
Ride Harry

Fix up Urgent Cash Difficulties with Ease - 0 views

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Ride Harry

Get a loan of $ 1500 to pay your rent and other bills - 0 views

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    If you have just moved house then there are a lot of expenses that you are incurring right now. If you need a loan of about $ 1500 to take care of the important bills and rent, is it possible without stress? With traditional loans that would not be possible as there will be a list of formalities to go through and carry out. If you have neither the patience nor the time for it, then apply for loans 1500 online, with lenders or banks. You can borrow the loan for a short amount of time as decided by the lender and then repay when you have money from your paycheck. These loans will not come with the requirement for you to pledge some of your assets or valuables. Since the amount is fairly small, there is no need to place collateral like house papers or jewelry with them. In case you are suffering from any credit related issues like arrears, foreclosures, bankruptcy etc., you may be rejected by traditional lenders. But lenders offering loans 1500 will not turn you down. In fact you will be given a loan without the lender bothering to look into your credit profile. These loans are approved without the lender wanting to know as to how or where you intend to use it. Also there will be no set of instructions as to what you can or cannot do from the lenders end. So you can pay your rent, repaint the house, think about bills to be paid etc., without a worry. These $ 1500 loans are going to be approved without even of the simplest forms of documentation being involved. The details that you furnish at the time of application do not have to be supported by fax copies of your important documents. What this does reduces the processing time and allows the lender to sanction a transfer within 24 hours of receiving the request.
Giorgio Bertini

Joseph Stiglitz - "Los mercados han exagerado con España" - 0 views

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    El premio Nobel de Economía Joseph Stiglitz, (Indiana, EEUU, 1943) se dibuja como el último baluarte de la economía progresista. Miembro del Comité Científico de la Fundación Ideas, creada por Jesús Caldera para servir de think tank del PSOE, visitó ayer Madrid para promocionar la adopción de una tasa financiera. Defiende la estrategia económica que ha adoptado Zapatero y lo anima a subir más algunos impuestos.
Giorgio Bertini

Why the Stimulus Ran Out of Steam - 0 views

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    The faltering recovery and the credibility this has cost the the White House will probably lose the Democrats one or both houses of Congress, making the insufficiency of the stimulus easily the most consequential error for an administration that has done a lot right. To appreciate how it happened, it's necessary to understand the twin imperatives that dominate White House thinking. They usually function in harmony, but on this issue clashed to devastating effect.
thinkahol *

Ongoing Crisis and Liberal Blindness | Truthout - 0 views

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    The double dip of this crisis is upon us. The latest data agree: the housing market has been in full double-dip mode for five months as home prices keep declining. The foreclosure disaster keeps increasing the combination of homeless families and empty homes. Think capitalist efficiency. Unemployment rose back above 9 % again. The average length of unemployment is now 39.7 weeks, the longest since these records began in 1948. Investments by businesses are decelerating and governments keep dropping workers. 
thinkahol *

Economist's View: "The Greatest Increase in Poverty and Hardship Produced by Any Law in... - 0 views

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    Mathew Yglesias: CBPP Analysis of John Boehner's Plan: The Center on Budget and Policy Priorities concludes that if enacted, John Boehner's debt ceiling plan "could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history." That sounds to me like something that would create strong incentives to not be poor and, indeed, to fully incentive richness. Consequently, we'll have massive economic growth. Right? Think of all the old people who will be willing to do odd jobs, whatever, in order to pay for health care. No more free-riding from grandma and grandpa to slow the economy down. The CBPP adds: This may sound hyperbolic, but it is not. The mathematics are inexorable. ... In short, the Boehner plan would force policymakers to choose among cutting the incomes and health benefits of ordinary retirees, repealing the guts of health reform and leaving an estimated 34 million more Americans uninsured, and savaging the safety net for the poor. It would do so even as it shielded all tax breaks, including the many lucrative tax breaks for the wealthiest and most powerful individuals and corporations. As for the way the debt ceiling talks are going, what a disaster.
thinkahol *

Look Out, Here Comes the 'Feral Underclass' - 1 views

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    Why this absence of political ambition? What explains the rioters' genuflection at the altar of "crude materialist, market-driven hedonism"? To zone in on the answer, we need to step back and remind ourselves how strikingly unequal distributions of income and wealth impact how we interact with "things." In relatively equal nations, societies where minor differences in income and wealth separate social classes, people typically do not obsess over "things," the baubles of modern life. The reason? If nearly everyone can afford much the same things, things overall tend to lose their significance. People in more equal societies will be more likely to judge you by who you are than what you own. The reverse, obviously, also holds true. "As inequality worsens," as Boston College economist Juliet Schor has explained, "the status game tends to intensify." The wider that gaps in income and wealth go, the greater the differences in the things that different classes can afford. In markedly unequal societies, things take on ever greater significance. They signal who has succeeded and who has not. In London, the developed world's most unequal city, these signals may dominate daily life as ferociously as anywhere else on Earth. Their incessant repetition drowns out the socially cohesive signals that people see and hear and feel in more equal societies, the sense that "we're all in this together." "Let this week be a wake up call," London's Compass think tank observed right after the heaviest rioting. "There is more to clean up than broken shop windows."
thinkahol *

Economic Scene; If taxes were lower, the economy would grow faster, right? Economists s... - 0 views

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    AS Election Day approaches, serious discussion about economic policies is hamstrung by the devotion of both parties to reducing taxes. The big reason, of course, is that President Bush emphasizes tax cuts, including elimination of the estate tax, to the exclusion of almost everything else. The Democrats, in turn, hesitate to propose an economic plan that does not include long-term reductions for middle-income workers, and most refuse to talk about rescinding the Bush tax cuts for the wealthy. But the degree of misleading information emanating from both Washington and the media about how taxes affect the economy is disturbing. As I listen to the radio, watch TV news and read a variety of newspapers, it seems that quite a few Americans, including economics writers and media hosts, think that low-tax countries unquestionably grow faster than high-tax economies. Right and left, they seem to attribute more rapid growth in America to lower taxes. What may surprise them is that there is no evidence for that. ''You can make a theoretical case that high taxes impede economic growth, but it is just not supported by the evidence in the U.S. or across countries,'' said William Easterly, a former World Bank economist soon to join the faculty of New York University.
thinkahol *

How to end this stock market madness - Wall Street - Salon.com - 0 views

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    The Dow Jones average suffered its latest calamitous decline on Thursday, plunging 419 points and erasing much of the progress that had been made after the last series of wild swings two weeks ago. There were many factors at work in Thursday's carnage, which came after markets in Asia and Europe experienced similar turmoil, but the overriding one seems to be this: Just about everyone now believes the U.S. economy is getting worse -- and no one thinks our leaders in Washington are about to do anything meaningful about it. So we thought it might be a good time to take a step back and consider the fundamental absurdity of the paralysis in Washington, where spending cuts and deficit reduction -- and not job creation -- have come to define and dominate the discussion. And who better to illustrate this than ... Robert Reich, playing the roles of both Professor Donald Right and Dr. Hugo Wrong in a one-man show that everyone on Capitol Hill really ought to check out:
thinkahol *

America's Middle Class Crisis: The Sobering Facts - Yahoo! Finance - 0 views

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    Here are just some of the sobering facts:-- There are 8.5 million people receiving unemployment insurance and over 40 million receiving food stamps.-- At the current pace of job creation, the economy won't return to full employment until 2018.-- Middle-income jobs are disappearing from the economy. The share of middle-income jobs in the United States has fallen from 52% in 1980 to 42% in 2010.-- Middle-income jobs have been replaced by low-income jobs, which now make up 41% of total employment.-- 17 million Americans with college degrees are doing jobs that require less than the skill levels associated with a bachelor's degree.-- Over the past year, nominal wages grew only 1.7% while all consumer prices, including food and energy, increased by 2.7%.-- Wages and salaries have fallen from 60% of personal income in 1980 to 51% in 2010. Government transfers have risen from 11.7% of personal income in 1980 to 18.4% in 2010, a post-war high.The bottom line is simple says Schwenninger: The middle class is shrinking, which threatens the social composition and stability of the world's biggest economy. "I worry that we're becoming a barbell society - a lot of money wealth and power at the top, increasing hollowness at the center, which I think provides the stability and the heart and soul of the society... and then too many people in fear of falling down."
thinkahol *

The Republicans Say A Major Impediment To Growth Is Uncertainty Over Regulation. Resear... - 0 views

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    The most important thing to understand about the Republican jobs agenda is that it's not really a jobs agenda. That sounds simplistic and harsh, but I think it's true, at least if you buy into the mainstream economic consensus.
thinkahol *

BBC News - Thinking outside the 1930s box - 0 views

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    There are two kinds of people at present: those who know in a vague way that the 1930s was a bad time, and those who have studied the detail and understand the economics of why it went bad.
thinkahol *

David Graeber: On Playing By The Rules - The Strange Success Of #OccupyWallSt... - 0 views

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    Just a few months ago, I wrote a piece for Adbusters that started with a conversation I'd had with an Egyptian activist friend named Dina: All these years," she said, "we've been organizing marches, rallies… And if only 45 people show up, you're depressed, if you get 300, you're happy. Then one day, 200,000 people show up. And you're incredulous: on some level, even though you didn't realize it, you'd given up thinking that you could actually win. As the Occupy Wall Street movement spreads across America, and even the world, I am suddenly beginning to understand a little of how she felt.
thinkahol *

Think Progress » Greenspan Calls For Full Expiration Of The Bush Tax Cuts Tha... - 0 views

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    With the legislative calendar starting to dwindle, lawmakers are paying more and more attention to the scheduled expiration of the Bush tax cuts at the end of the year. Republicans across the board are advocating for the extension of all the cuts, and have explicitly said that extending the cuts for the richest 2 percent of Americans (which would cost $678 billion) does not have to be paid for.
Owen jailani

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Owen jailani

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