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thinkahol *

Study shows that one 'super-corporation' pulls the strings of the global economy | Mail... - 0 views

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    A University of Zurich study 'proves' that a small group of companies - mainly banks - wields huge power over the global economy.

    The study is the first to look at all 43,060 transnational corporations and the web of ownership between them - and created a 'map' of 1,318 companies at the heart of the global economy.

    The study found that 147 companies formed a 'super entity' within this, controlling 40 per cent of its  wealth. All own part or all of one another. Most are banks - the top 20 includes Barclays and Goldman Sachs. But the close connections mean that the network could be vulnerable to collapse
thinkahol *

The Real Deficit Problem: One More Essential Chart - James Fallows - Politics - The Atl... - 0 views

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    The federal deficit is a serious challenge in the long run. The real emergency is how many people are still out of work. That's the deficit that matters. Almost nothing can do more harm to a nation's cultural, social, political, and of course economic fabric than sustained high joblessness. And of nothing can do more, faster, to reduce a federal deficit than a restoration of economic growth. That political and media attention got hijacked to a fake debt-ceiling "emergency" is 1937 all over again -- but worse, because in principle we had the real 1937 to learn from.
thinkahol *

Wonder how giant corporations evade paying billions in taxes? Here's the one ... - 0 views

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    As the New York Times has detailed, "Some of the nation's largest corporations have amassed vast profits outside the country and are pressing Congress and the Obama administration for a tax break to bring the money home." Yet, across America, thousands of teachers are being laid off, programs to help feed needy children have been eliminated, and Medicare is under attack. It's time for us to fight back and tell Congress that corporations need to pay their fair share. The first step? Understanding the complex accounting tricks and loopholes giant corporations use to evade taxes. Here's the video that explains it all:
thinkahol *

Hedge Fund Gamblers Earn the Same In One Hour As a Middle-Class Household Makes In Over... - 0 views

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    How do they make so much money? Where does it come from? How can hedge fund firms with fewer than 100 employees make as much profit as firms with thousands of employees?
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?
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