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Contents contributed and discussions participated by thinkahol *

thinkahol *

YouTube - Living in the End Times According to Slavoj Zizek - 0 views

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    Slovenian philosopher Slavoj Zizek, akaThe Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance. The Giant of Ljubljana is bombarded with clips of popular media images and quotes by modern-day thinkers revolving around four major issues: the economical crisis, environment, Afghanistan and the end of democracy. Zizek grabs the opportunity to ruthlessly criticize modern capitalism and to give his view on our common future.

    We communists are back! is the closing remark of Slavoj Zižeks provocative performance. Our current capitalist system, that everyone believed would be smoothly spread around the globe, is untenable. We find ourselves on the brink of big problems that call for big solutions. Whatever is left of the left, has been hedged in by western liberal democracy and seems to lack the energy to come up with radical solutions. Not Zižek.

    Interview: Chris Kijne
    Director: Marije Meerman
    Production: Mariska Schneider /Pepijn Boonstra
    Research: Marijntje Denters/Maren Merckx
    Commissioning editors: Henneke Hagen/Jos de Putter
thinkahol *

Is Student Debt the Next Front in the Consumer Debt Crisis? « naked capitalism - 0 views

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    The media has been so preoccupied with acute symptoms of the debt crisis - sliding home prices, foreclosure abuses, ongoing Euromarket bank/sovereign debt stress, ongoing battles over financial regulation implementation, unhappiness over the Fed's QE2 - that lingering problems are not getting the attention they deserve.

    High on the list is the how the weak job market is affecting new college and advanced degree program graduates. We have an unspoken social contract: young people who get an education, particularly a "good" education (which means more elite universities, more serious courses of study, graduate degrees) are supposed to be rewarded by higher lifetime earnings. And the prospect of higher lifetime earnings in turn makes it rational to borrow to invest in education.

    But this whole premise has started to go awry, and the huge uptick in unemployment has started to make matters worse.
thinkahol *

New Rules for Hot Money by Nouriel Roubini - Project Syndicate - 0 views

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    When justified by economic fundamentals, a currency's exchange rate should be allowed to rise gradually. But when a currency's appreciation is triggered by capital inflows that represent the asset-diversification preferences of advanced-economy investors, it can and should be resisted.
thinkahol *

Insider Trading: 'Steal A Lot, They Make You King' - 0 views

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    It feels perversely quaint that the national conversation is momentarily focused on the likelihood of insider trading cases dropping on a hive of nefarious and presumably well-connected individuals -- huge cases, we are told via breathless leaks from the federal cops on the beat, cases worth -- are you sitting down? -- tens of millions of dollars. With numbers like these, one can only imagine what's up next -- a crackdown on employees who brazenly pilfered office supplies from their jobs at publicly bailed-out institutions like Bank of America, perhaps?

thinkahol *

YouTube - 'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren - 0 views

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    PREORDER THE 'CAPITALISM: A LOVE STORY' DVD: http://tinyurl.com/calsdvd    'Capitalism: A Love Story' DVD Extra - Harvard Professor Elizabeth Warren on How Wall Street Got Away with Murder    Extended interview with top TARP cop, Harvard Professor, Elizabeth Warren.  Shes sassy and real and tells it
thinkahol *

FT.com / Global Economy - Zoellick's call on gold standard dismissed - 0 views

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    Reactions to World Bank president Robert Zoellick's suggestion that gold might be used as part of a package of measures to reconstruct the international system ranged from the lukewarm to the bewildered.
thinkahol *

Model citizens: Building SimEarth - tech - 04 November 2010 - New Scientist - 0 views

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    People don't behave the way economics says they should. Massive simulations of human interactions will warn us of coming crises - from finance to flu

thinkahol *

FT.com / Columnists / Martin Wolf - Current account targets are a way back to the future - 0 views

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    The debate on "global imbalances" has gone back to the future. The proposal from Tim Geithner, the US Treasury secretary, to target the current account takes us back to the preoccupations of John Maynard Keynes at the Bretton Woods conference of July 1944. Keynes, representing Britain, was obsessed with the dangers of asymmetric adjustment between surplus and deficit countries. The US, then the world's dominant surplus country, rebuffed calls for a mechanism that would impose pressure on both sides. Now the US is in the other camp.
thinkahol *

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

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    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.
thinkahol *

Teacher Layoffs and War | CommonDreams.org - 0 views

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    Our  government's perverse definition of "national security" was on  display again this summer. By large majorities, the U.S. Congress  approved a so-called emergency appropriation of $33.5 billion to  escalate the war in Afghanistan-adding to the more than $1 trillion  that the United States has already spent waging wars in Afghanistan  and Iraq.
thinkahol *

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

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    War is bad, but sometimes spending is good.
thinkahol *

We can only cut debt by borrowing | Martin Wolf's Exchange | FT.com - 1 views

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    "You can't cut debt by borrowing." How often have you read or heard this comment from "austerians" (a nice variant on "Austrians"), who complain about the huge fiscal deficits that have followed the financial crisis? The obvious response is: so what?
thinkahol *

Op-Ed Columnist - Structure of Excuses - NYTimes.com - 1 views

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    "Structural" unemployment is a fake problem, which mainly serves as an excuse for not pursuing real solutions.
thinkahol *

The Importance of the 1970s « The Baseline Scenario - 0 views

  • One of the singular victories of the rich has been convincing the rest of us that their disproportionate success has been due to abstract economic forces beyond anyone’s control (technology, globalization, etc.), not old-fashioned power politics. Hopefully the financial crisis and the recession that has ended only on paper (if that) will provide the opportunity to teach people that there is no such thing as abstract economic forces; instead, there are different groups using the political system to fight for larger shares of society’s wealth. And one group has been winning for over thirty years.
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    One of the singular victories of the rich has been convincing the rest of us that their disproportionate success has been due to abstract economic forces beyond anyone's control (technology, globalization, etc.), not old-fashioned power politics. Hopefully the financial crisis and the recession that has ended only on paper (if that) will provide the opportunity to teach people that there is no such thing as abstract economic forces; instead, there are different groups using the political system to fight for larger shares of society's wealth. And one group has been winning for over thirty years.
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.
thinkahol *

Foreign Policy In Focus | The Political Consequences of Stagnation - 0 views

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    If the left doesn't come up with a credible and comprehensive alternative to a focus on reducing the deficit, argues FPIF columnist Walden Bello, the far right might eventually fill the policy vacuum.
thinkahol *

Banyan: They have returned | The Economist - 1 views

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    China should worry less about America's "containment" strategy and more about why the neighbours welcome it
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.
thinkahol *

Unjust Spoils | The Nation - 0 views

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    The Great Recession could have spawned another era of fundamental reform, just as the Great Depression did. But the financial rescue reduced immediate demands for broader reform. Obama might still have succeeded had he framed the challenge accurately. Yet in reassuring the public that the economy would return to normal, he missed a key opportunity to expose the longer-term scourge of widening inequality and its dangers. Containing the immediate financial crisis and then claiming the economy was on the mend left the public with a diffuse set of economic problems that seemed unrelated and inexplicable, as if a town's fire chief dealt with a conflagration by protecting the biggest office buildings but leaving smaller fires simmering all over town: housing foreclosures, job losses, lower earnings, less economic security, soaring pay on Wall Street and in executive suites.
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