Skip to main content

Home/ Financial Crisis and Geopolitics/ Group items tagged they

Rss Feed Group items tagged

thinkahol *

Why "business needs certainty" is destructive - Glenn Greenwald - Salon.com - 1 views

  •  
    Businesses have had at least 25 to 30 years near complete certainty -- certainty that they will pay lower and lower taxes, that they' will face less and less regulation, that they can outsource to their hearts' content (which when it does produce savings, comes at a loss of control, increased business system rigidity, and loss of critical know how). They have also been certain that unions will be weak to powerless, that states and municipalities will give them huge subsidies to relocate, that boards of directors will put top executives on the up escalator for more and more compensation because director pay benefits from this cozy collusion, that the financial markets will always look to short term earnings no matter how dodgy the accounting, that the accounting firms will provide plenty of cover, that the SEC will never investigate anything more serious than insider trading (Enron being the exception that proved the rule). So this haranguing about certainty simply reveals how warped big commerce has become in the US. Top management of supposedly capitalist enterprises want a high degree of certainty in their own profits and pay. Rather than earn their returns the old fashioned way, by serving customers well, by innovating, by expanding into new markets, their 'certainty' amounts to being paid handsomely for doing things that carry no risk. But since risk and uncertainty are inherent to the human condition, what they instead have engaged in is a massive scheme of risk transfer, of increasing rewards to themselves to the long term detriment of their enterprises and ultimately society as a whole.
thinkahol *

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

  •  
    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 *

Web of Debt - TURNING THE TABLES ON WALL STREET: NORTH DAKOTA SHOWS CASH-STARVED STATES... - 0 views

  •  
    Forty-six of fifty states are now reported to be so insolvent that they could be filing Chapter 9 bankruptcy proceedings within the next two years.1 Of the four that are not in that category, one is the isolated farming state of North Dakota. What does it have that other states don't? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. It has avoided the credit freeze caused by the derivative schemes of the Wall Street bankers by creating its own credit, leading the nation in establishing state economic sovereignty.
thinkahol *

Things That Make Me Angry | Thinkahol's Blog - 0 views

  •  
    Wall Street Isn't Winning - It's Cheating The two-tiered justice system: an illustration 9/10/2001: Rumsfeld says $2.3 TRILLION Missing from Pentagon  The due-process-free assassination of U.S. citizens is now reality The Quiet Coup "the finance industry has effectively captured our government" What OWS is about + data behind the movement Data privacy is now extinct in the U.S. "The problem that confronts us is that every living system in the biosphere is in decline and the rate of decline is accelerating. There isn't one peer-reviewed scientific article that's been published in the last 20 years that contradicts that statement. Living systems are coral reefs. They're our climatic stability, forest cover, the oceans themselves, aquifers, water, the conditions of the soil, biodiversity. They go on and on as they get more specific. But the fact is, there isn't one living system that is stable or is improving. And those living systems provide the basis for all life." The 1% are the very best destroyers of wealth the world has ever seen The prison industry in the United States: big business or a new form of slavery? How the GOP Became the Party of the Rich: The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent
Ride Harry

How easy is borrowing loan 1500 - 0 views

  •  
    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.
thinkahol *

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

  •  
    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 *

FT.com / Comment / Opinion - It is folly to place all our trust in the Fed - 0 views

  •  
    I n certain circles, it has become fashionable to argue that monetary policy is a superior instrument to fiscal policy - more predictable, faster, without the adverse long-term consequences brought on by greater indebtedness. Indeed, some advocates wax so enthusiastic that they support recent drives for austerity in many European countries, arguing that if there are untoward effects they can be undone by monetary policy. Whatever the merits of this position in general, it is nonsense in current economic circumstances.
Giorgio Bertini

Euro Rescue Bid: Punish the Markets for their Mistakes! - 0 views

  •  
    Europe has put up 750 billion euros in an effort to stop speculation against the European common currency. Still, it remains to be seen if financial markets will learn their lesson. After all, speculators aren't even being punished for the damage they have caused. But they should be.
thinkahol *

FOCUS: Austerity Ushering In Global Recession - 0 views

  •  
    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.
Giorgio Bertini

Riots in England: Britain's Society Broken by Greed « Learning Change - 0 views

  •  
    The blazing infernos which took hold in the UK's biggest cities have shocked British society. It wasn't a desire to protest that drove the brutal looters onto the streets, but pure consumer greed. Bankers, politicians and media moguls have made this greed socially acceptable. Education grants for children from low-income families - abolished. Also abolished in many areas were youth centers and help centers for the unemployed and pregnant. In the Lewisham area alone, five libraries were closed. What happens next? Where does it end? What is the limit? There is none. In the London borough of Haringey, which includes Tottenham, 75 percent of funding for youth services will be cut over the next three years. This miserable life of drugs, loitering and weapons in neighborhoods which were devastated by the policies of Margaret Thatcher in the 1980s and never fixed by Tony Blair or Gordon Brown, is the fate of those dubbed "NEETs" in the UK. It stands for "not in education, employment or training", and there are about 1.2 million people who fit the description. They rule their local areas under the law of the jungle, with a deep sense of uselessness in a world where almost every recreational activity costs money; money which they don't have.
thinkahol *

Payroll Tax Holiday Could Help Create Jobs - Economic View - NYTimes.com - 0 views

  •  
    It's important, yes, and must be addressed. But by a wide margin, it's not the nation's most pressing economic problem. That would be the widespread and persistent joblessness that has plagued the labor market since the Great Recession began in 2008. Almost 14 million people - 9.1 percent of the labor force - were officially counted as unemployed last month. But that's just the tip of the iceberg. There were almost 9 million part-time workers who wanted, but couldn't find, full-time jobs; 28 million in jobs they would have quit under normal conditions; and an additional 2.2 million who wanted work but couldn't find any and dropped out of the labor force. If the economy could generate jobs at the median wage for even half of these people, national income would grow by more than 10 times the total interest cost of the 2011 deficit (which was less than $40 billion). So anyone who says that reducing the deficit is more urgent than reducing unemployment is saying, in effect, that we should burn hundreds of billions of dollars worth of goods and services in a national bonfire. We ought to be tackling both problems at once. But in today's fractious political climate, many promising dual-purpose remedies - like infrastructure investments that would generate large and rapid returns - are called unthinkable, in the false belief that they would impoverish our grandchildren. Yet there are other ways to attack unemployment that could garner bipartisan support. Perhaps the most promising is a payroll tax holiday.
thinkahol *

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

  •  
    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.
thinkahol *

"Captured Europe" by Simon Johnson | Project Syndicate - 0 views

  •  
    The Greek default has turned out to be the proverbial dog that didn't bark. The lesson for Europe - and for the US - is clear: it is time to stop listening to what banks say, and start focusing on what they do. We must re-evaluate the distorted political economy of the financial sector, before the excessive power of the few imposes even larger costs on everyone else.
yosefong

Are you're Asking Yourself, "Where Can I Find a Notary?" - 2 views

If you are asking yourself "where can I find a notary," we obviously believe the best place is right here on FindNotary. We make finding a notary near you extremely simple. Just search by notary or...

Where Can I Find a Notary

started by yosefong on 29 May 12 no follow-up yet
Ride Harry

Get Payday Loans Online- Easy Way To Eliminate Burden Of Debts - 0 views

  •  
    Do you need to borrow some urgent fund and avoid the lengthy time consuming paper work? Then, you can make your approach to Get Payday Loans Online that is really comfortable for those people, who have the tight schedule. Online mode is time saving process for the people, who can fill up the loan application form though selection the better one that could also be Loans 1500. These loans are convenient financial help for those people who have the shortage of the fund. Therefore, they could get rid of their entire unwanted fiscal crises. Quickly apply for this loan and get rid of cash crisis.
Giorgio Bertini

Gaza Flotilla: protesters' story - what makes somebody prepared to risk their lives to ... - 0 views

  •  
    They have been shot at, imprisoned, deported and threatened - what makes somebody prepared to risk their lives to go into the occupied territories?
Giorgio Bertini

Third World Diplomatic Cooperation - Brazil & Turkey - and the Future of US Empire in t... - 0 views

  •  
    Last week, Brazilian President Lula da Silva and Turkish Prime Minister Reccep Erdogan announced a breakthrough agreement on the Iranian nuclear impasse that they claimed would make further sanctions on Iran "unnecessary." The agreement, accepted by Iran, was immediately rejected by the US and its European allies, who chose instead to continue the three-decade long US effort to strangle and isolate Iran by all means available. In what Graham Fuller, a top-ranking former intel official, called "a stunningly insulting response," Hillary Clinton proudly announced consensus for a fourth round of sanctions against Iran days later, which she called "as convincing an answer to the efforts undertaken in Iran in the past few days as any we could provide."
Giorgio Bertini

The Failure Club: Our Leaders Are Responsible for Europe's Crisis - 0 views

  •  
    It was neither tax evaders in Greece nor hedge funds that caused Europe's existential crisis -- political leaders in the euro zone share a great deal of the responsibility. They have been either unwilling or incapable of doing their jobs.
Giorgio Bertini

IMF: Brussels needs more power over euro nations' budgets - 0 views

  •  
    The IMF has warned euro nations that without more centralised control they risk sinking back into recession
Giorgio Bertini

Why the Stimulus Ran Out of Steam - 0 views

  •  
    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.
1 - 20 of 64 Next › Last »
Showing 20 items per page