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thinkahol *

The Grinding Halt: Reality Falls to Bits and Pieces | Finance - 0 views

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    The US will turn a small profit on the financial support banks, mortgage lenders and car manufacturers received during the financial crisis. So reports the US Treasury. Especially the support for more than 700 banks was profitable.

    The support for car manufacturers has cost billions of dollars, but the Treasury says it has resulted in 230.000 new jobs.

    American households have lost $12.3 trillion since the crisis.
thinkahol *

GLENN GREENWALD- With Liberty and Justice for Some -Pt 1 - YouTube - 0 views

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    Part 1: The definition of "Rule of Law".




    Glenn Greenwald speaks about America's two-tiered justice system and why he wrote his latest book, "Liberty and Justice for Some". (Available on Amazon.com: http://amzn.to/tAANlP)




    Recorded at Claremont-McKenna College on 4 November 2011.
thinkahol *

A manifesto for regime change on behalf of all humanity | Ana Sofia Suarez and Shimri Z... - 1 views

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    Inspired by protests from Tunis to New York, activists and people's assemblies have collaborated on a vision for a new global governance
thinkahol *

Lifting the Veil: Obama and the Failure of Capitalist Democracy {Full Film} -... - 0 views

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    This film explores the historical role of the Democratic Party as the "graveyard of social movements", the massive influence of corporate finance in elections, the absurd disparities of wealth in the United States, the continuity and escalation of neocon policies under Obama, the insufficiency of mere voting as a path to reform, and differing conceptions of democracy itself. 
    Original interview footage derives from Noam Chomsky, Michael Parenti, Michael Albert, John Stauber (PR Watch), Sharon Smith (Historian), William I. Robinson (Editor, Critical Globalization Studies), Morris Berman (Author, Dark Ages America), and famed black panther Larry Pinkney. 
thinkahol *

America and Oil: Declining Together - 0 views

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    America and Oil. It's like bacon and eggs, Batman and Robin. As the old song lyric went, you can't have one without the other. Once upon a time, it was also a surefire formula for national greatness and global preeminence. Now, it's a guarantee of a trip to hell in a hand basket. The Chinese know it. Does Washington?

thinkahol *

Tax havens' arguments in their defence - and why they are wrong | Treasure Islands: Tax... - 0 views

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    Treasure Islands is highly critical of the offshore system and will inevitably be attacked by users and supporters of tax havens. I tackle some of the commonest myths about tax havens in Chapter 10, but this is a wide-ranging area and there wasn't nearly enough space to do justice to the array of is…
thinkahol *

Debt and Delusion - Robert J. Shiller - Project Syndicate - 0 views

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    The fundamental problem that much of the world faces today is that investors are overreacting to debt-to-GDP ratios, fearful of some magic threshold, and demanding fiscal-austerity programs too soon. They are asking governments to cut expenditure while their economies are still vulnerable. Households are running scared, so they cut expenditures as well, and businesses are being dissuaded from borrowing to finance capital expenditures.

    The lesson is simple: We should worry less about debt ratios and thresholds, and more about our inability to see these indicators for the artificial - and often irrelevant - constructs that they are.
thinkahol *

Republican Budget Extremist and Cruel - 0 views

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    Sen. Sanders calls out GOP and Dems on corporate tax rates, breaks for wealthiest.
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 *

Commodity Prices and the Mistake of 1937: Would Modern Economists Make the Same Mistake... - 1 views

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    In 1937, on the eve of a major policy mistake, U.S. economic conditions were surprisingly similar to those in the nation today. Consider, for example, the following summary of economic conditions: (1) Signs indicate that the recession is finally over. (2) Short-term interest rates have been close to zero for years but are now expected to rise. (3) Some are concerned about excessive inflation. (4) Inflation concerns are partly driven by a large expansion in the monetary base in recent years and by banks' massive holding of excess reserves. (5) Furthermore, some are worried that the recent rally in commodity prices threatens to ignite an inflation spiral.
        While this summary arguably describes current trends, it is taken from an account of conditions in 1937 that appears in "The Mistake of 1937: A General Equilibrium Analysis," an article I coauthored with Benjamin Pugsley. What we call "the Mistake of 1937" was, in broad terms, a decision by the Fed and the administration to implement a series of contractionary policies that choked off the recovery of 1933-37 and brought on the recession of 1937-38, one of the worst on record. What is particularly noteworthy is that the inflation fears that triggered the Mistake of 1937 were largely driven by a rally in commodity prices. These circumstances invite direct comparison with our own time, when a substantial recent rise in commodity prices (which now seems to be abating somewhat) stoked inflation fears and led some commentators to call for an increase in the federal funds rate.
        The question for the contemporary reader is this: If we could transport a modern-day economist back to 1937, would he or she have made the same mistake? My suggested answer-admittedly somewhat hopeful-is no. I base this view on the fact that most economists today distinguish between the temporary movements in the consumer price index that stem from volatility in commodity prices and the movements that reflect fundamental inf
thinkahol *

The Haves and Have Nots of the Stock Market - Seeking Alpha - 0 views

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    Since 91% of stocks are owned by the Plutocracy, the much-ballyhooed rise in the stock market as proof the recession is over is perception management/ propaganda.

thinkahol *

Report: Military coup possible in Greece - Hurriyet Daily News and Economic Review - 0 views

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    The U.S. Central Intelligence Agency warned in a report that the tough austerity measures and the dire situation could escalate and even lead to a military coup, according to a report by Germany's popular daily Bild.

thinkahol *

PM Press - And They Call This a Recovery? - 0 views

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    The strut of confidence is gone and the jitters are back. A flurry of dreadful statistics at the end of April made sure of that.
thinkahol *

Cheney Was Right About One Thing: Deficits Don't Matter | Truthout - 0 views

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    "De­ficit ter­ror­ists" are gutt­ing govern­ments and forc­ing the privatiza­tion of pub­lic as­sets, all in the name of "de­ficit re­duc­tion." But de­ficits aren't ac­tual­ly a bad thing. In today's moneta­ry scheme, in which most money comes from debt, debt and de­ficits are ac­tual­ly neces­sa­ry to have a st­able money sup­p­ly. The pub­lic debt is the peo­ple's money.
thinkahol *

Record profits and record unemployment: Nothing's trickling down - CSMonitor.com - 0 views

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    The Big Money economy is booming. According to a new Commerce Department report, third-quarter profits of American businesses rose at an annual record-breaking $1.659 trillion - besting even the boom year of 2006 (in nominal dollars). Profits have soared for seven consecutive quarters now, matching or beating their fastest pace in history.
    Executive pay is linked to profits, so top pay is soaring as well.
    Higher profits are also translating into the nice gains in the stock market, which is a boon to everyone with lots of financial assets.
    And Wall Street is back. Bonuses on the Street are expected to rise about 5 percent this year, according to a survey by compensation consultants Johnson Associates Inc.
    But nothing is trickling down to the Average Worker economy. Job growth is still anemic. At October's rate of only 50,000 new private-sector jobs, unemployment won't get down to pre-recession levels for twenty years. And almost half of October's new jobs were in temporary help.
thinkahol *

The Plutocrat's Coup d'Etat, Their Republican Allies and Their Democratic Enablers | Co... - 0 views

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    For thirty years, now, Republicans have been yammering about small government, deficits, the glories of the free market, and the incompetence and wastefulness of government.

    It's all been a big lie, part of a well funded and cleverly executed coup d'etat, designed to enable the ultra rich and corporations to literally take power out of the hands of government and money out of the pockets of individual citizens.
thinkahol *

Yes, There Are Ways to Reduce Unemployment and Revive the Economy | Op-Eds & Columns - 0 views

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    As President Obama begins the second half of his term with a campaign for "jobs and competitiveness," we would do well to consider how he might achieve these worthy goals. It is jobs that matter most to the vast majority of Americans, and unemployment remains at 9.4 percent - about double its pre-recession level. This is a terrible punishment to inflict on millions of Americans who did nothing to deserve it. It will cause long-term and even permanent damage to many of the unemployed and their children.
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