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thinkahol *

YouTube - One Trillion Dollars Visualized from Mint.com - 0 views

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    http://www.mint.com | It's official, trillion is the new billion. No longer is government spending talked about in terms of a mere ten digits. With the recent flurry of government spending, we are going to need another three zeros to make sense of it all. One trillion dollars is a number that few people can comprehend, let alone your standard nine digit calculator. So what does one trillion dollars look like?
thinkahol *

Paul Krugman's 'Twilight Zone' Economics - Truthdig - 0 views

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    Nobel Prize-winning economist Paul Krugman employed a bit of imagination while discussing the need for fiscal stimulus on Fareed Zakaria's "GPS" last week, playfully suggesting that the discovery of an impending alien attack would force the American Congress to shelve debates about inflation and budget deficits and spend at a rate that would end the current recession in a year and a half. "If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat, and really, inflation and budget deficits took secondary place to that, this slump would be over in 18 months," he mused. "And then if we discovered, 'Whoops! We made a mistake. There aren't actually any space aliens ...' " the spending would leave us better off. "There was a 'Twilight Zone' episode like this in which scientists fake an alien threat in order to achieve world peace," he added. "Well, this time, we don't need it, we need it in order to get some fiscal stimulus." -ARK
thinkahol *

China says US is spending too much on its military amid its financial woes - The Washin... - 0 views

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    BEIJING - The United States is spending too much on its military in light of its recent economic troubles, China's top general said Monday while playing down his country's own military capabilities.
thinkahol *

Obama Budget Seeks Deep Cuts in Domestic Spending - 0 views

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    Washington - President Obama, who is proposing his third annual budget on Monday, will say that it can reduce projected deficits by $1.1 trillion over the next decade, enough to stabilize the nation's fiscal health and buy time to address its longer-term problems, according to a senior administration official.
Ride Harry

How easy is borrowing loan 1500 - 0 views

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    You might be going from a financial crunch. You may have to pay your house rentals or electricity bills as you are struck financially due to a delayed pay or arrears. You need not get upset. There is a way out to free you from this hassle. There are lenders who help you with their financial assistance. You can apply for 1500 loans to bridge the financial gap. Borrowing is easy now: Gone are the much complicated processing of banking and the present era enables your bank very easily and comfortably. There are bankers offering short term loans for the benefit of people who face mid-month monetary problems the maximum amount of these short term loans usually is $1500. The repayment tenure is 2 to 4 weeks' time. If you have a problem in repaying within the stipulated period, you can request the lenders for an extension. They will be thankful to assist you. The simple process of applying: There is no need for you to go around meeting the bankers personally. You can just fill in an application form, giving the essential information about you. The bankers do not trouble you with your previous credit history nor do they ask you to pledge any collateral. Hence you can feel free to apply for 1500 loans for your immediate requirement. Once you receive the loan amount you are free to spend according to your own accord. The lenders never have any say about it. So in every way it is an easy deal for you. Log on to lender's websites to complete the process: You can log onto websites to collect the necessary details about different bankers offering loan services. Choose the most comfortable one and apply immediately. You can apply any time or day as the lenders are available online all the time. Web sites come to your assistance regarding your financial management by giving you information on various lending agents.
Giorgio Bertini

Fears about Spain's economy bring rating cut and rattle markets - 0 views

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    Ratings agency Fitch cut Spain's credit rating due to weak growth prospects, dealing a blow to efforts to rein in spending and ease fears of a Greek-style crisis. US stocks slid and the euro weakened on the news.
Giorgio Bertini

In Defense of Outsourcing in the Recession - 0 views

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    When the spending bubble popped, it ushered in the era of the incredible shrinking consumer. Demand is weak, and companies are looking to do more with less by stretching their workforce and filling the gaps with cheap labor, even part-timers. Indeed of Brookings' 20 strongest cities have average or below average cost-of-living, and most of those cities have below average wages.
thinkahol *

Economics Is Not A Morality Play - NYTimes.com - 1 views

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    War is bad, but sometimes spending is good.
Giorgio Bertini

Merkel Reaches Her Overdraft Limit: Greek Bailout Could Push German Debt Through the Roof - 0 views

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    When Chancellor Angela Merkel's current government came into power, Germany was just emerging from the economic crisis. But despite pledges to curb deficit spending, Merkel's administration has been running up debt at a record pace -- and bailing out Greece will only exacerbate the situation.
Giorgio Bertini

Harmony and Ambition: China's Cut-Throat Railway Revolution - 0 views

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    China is spending mountains of money to expand its country's high-speed railway network and manufacture the world's fastest trains. But do its ambitions in the railway sector justify how these goals are being pursued -- and the risks they might ultimately pose?
Giorgio Bertini

Asian stocks plunge as euro falls to 4-year low - 0 views

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    Europe's common currency fell to a four-year low against the dollar Monday as fears mounted that deep cuts in government spending to combat the region's debt crisis could severely damage Europe's economic recovery.
Giorgio Bertini

Germany, Greece and Exiting the Eurozone - 0 views

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    Rumors of the imminent collapse of the eurozone continue to swirl despite the Europeans' best efforts to hold the currency union together. Some accounts in the financial world have even suggested that Germany's frustration with the crisis could cause Berlin to quit the eurozone - as soon as this past weekend, according to some - while at the most recent gathering of European leaders French President Nicolas Sarkozy apparently threatened to bolt the bloc if Berlin did not help Greece. Meanwhile, many in Germany - including Chancellor Angela Merkel herself at one point - have called for the creation of a mechanism by which Greece - or the eurozone's other over-indebted, uncompetitive economies - could be kicked out of the eurozone in the future should they not mend their "irresponsible" spending habits.
Giorgio Bertini

Krugman: Governments Are About To Make The Dumbest Mistake Ever--Cutting Back On Spendi... - 0 views

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    As the rest of the world works itself into a panic over debt and deficits, Paul Krugman continues to argue that acting on this fear will quickly make things far worse
thinkahol *

FOCUS: Austerity Ushering In Global Recession - 0 views

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    Without an expansionary fiscal policy, low interest rates have little effect. Companies won't borrow in order to expand and hire more workers unless they have reasonable certainty they'll have customers for what they produce. And consumers won't borrow money to spend on goods and services unless they're reasonably confident they'll have jobs. Fiscal austerity is the wrong medicine at the wrong time.
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 *

BBC News - Ben Bernanke says US economy 'close to faltering' - 0 views

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    But he warned that the eurozone debt crisis, as well as overly hasty spending cuts by the federal government, risked undermining the US recovery.
Giorgio Bertini

Nobel laureate praises Argentina; tells US and EU spending is the way out of recession - 0 views

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    United States and the European Union "are using the same recipe that the IMF applied on Argentina" to address the current global financial crisis and this only leads to "stagnation" said Nobel laureate Joseph Stiglitz attending a gathering of Nobel Prize recipients and young economists in Lindau, Germany.
thinkahol *

America's creditor identifies its budget problem - Glenn Greenwald - Salon.com - 0 views

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    Since America's political and media class steadfastly ignore this glaringly obvious point, it's nice (albeit self-interested) of the Chinese to point it out for us.  As we endlessly hear about a massive debt crisis, the current President has started one optional war that has already exceeded its estimated costs, plans to continue (if not escalate) two more, is drone-attacking a new country on a seemingly weekly basis, expands sprawling covert military actions in still other countries, builds new overseas detention facilities, all while offering only the most modest, symbolic and illusory "cuts" in military spending.  The alleged need to slash the financial security of American citizens -- and the notion that America faces a severe debt crisis -- would be more persuasive if the country didn't continue its posture of Endless War and feeding the insatiable, bloated National Security State (to say nothing of the equally insatible and wasteful Drug War and its evil spawn, the increasingly privatized American Prison State, which the Obama administration is expanding as aggressively as the War on Terror).
Owen Jamie

1000 Payday Loans - Satisfy Your Necessary Uncertain Needs By Online Monetary Aid With ... - 0 views

1000 payday loans are short term impeccable financial backup when you are temporarily out of cash to deal with your undetermined and inevitable short term expenditures during negative credit days. ...

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started by Owen Jamie on 17 Aug 15 no follow-up yet
Owen Jamie

1000 Payday Loans - Satisfy Your Necessary Uncertain Needs By Online Monetary Aid With ... - 0 views

1000 payday loans are short term impeccable financial backup when you are temporarily out of cash to deal with your undetermined and inevitable short term expenditures during negative credit days. ...

1000 loan no credit check 1000 loan today 1000 payday loans 1000 cash loans

started by Owen Jamie on 01 Feb 16 no follow-up yet
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