Tagged: economic

Congratulations in advance to President Barack Obama on his re-election for a second term. The dude 30 seconds in pretty much has it right. Unless the economy goes south, an Obama re-election is a lock IMHO....

It pains me no end that I still carry debt on a Bank of America credit card. I hate this company! Read more at The New York Times .

Real talk! Pay attention..... For more on the West Coast Port Shut Down: website | twitter | facebook [via PDS ]

Photo Cred This is a podcast by Marcus Schmickler "Is it possible to approach developments in music by its relationships with money? Can we gain insight into societies by means of their relationship to music? Music serves as a mirror, as a prophecy for society because it reflects developments faster than anything that materializes. There is an obvious simultaneity between music and

Ever heard the Louis C.K. standup routine about how everything is amazing, and everybody's miserable? In it, he's talking about being on one of the first flights ever to feature wireless internet. Accessing the internet while torpedoing across the country at 500 miles an hour, he explains, is a pretty insane luxury to have, particularly when it comes as a pleasant surprise. Eventually though, the internet cuts off, prompting the guy next to Louis to freak out. "This is bullshit!" the dude announced. How in the world, Louis wondered, did this guy think the universe owed him something [...]

by Madam 8-Ball IF YOU STRUGGLE ECONOMICALLY, DOES THAT MAKE YOU A LOSER? AQUARIUS: It is decidedly so. PISCES: Reply hazy, try again. ARIES: As I see it, yes. TAURUS: You may rely it. GEMINI: Concentrate and ask again. CANCER: Most likely. LEO: Better not tell you now. VIRGO: As I see it, yes. [...]

As quoted from the facebook page where I swiped this (thanks, Frank!) So Paul Allen, Ex-Mortgage CEO, get sentenced to three years in prison for a $3 billion fraud, but Roy Brown, a remorseful homeless man who returned the $100 he robbed from a Capital One bank branch in Shreveport, Louisiana get sentenced to 15 years ??! Keep marching Occupy Wall Street protesters and keep protesting.... In case you're skeptical, here are the original source articles: Huffington Post | Digital Journal

Occupy Michigan: Occupy London: Occupy Madrid: Occupy Belgium: Occupy Rome: Occupy Santa Rosa: Like I [...]

Wow! I think that's pretty much says it all.... Actually, I'ma let Xeni Jardin from Boing Boing have the last word on this post: @xenijardin : " #OWS Fact: More people have now been arrested for protesting financial crimes than # of bankers arrested for those crimes ." Marinate on that for a while....

As usual, he SMASHES it out the park. As you may have noticed recently, The Kitchen is back on our poli-tricks game! It's time: WE ARE THE 99%! [via O-Dub ]

Read all about it via the National Post HERE . Occupy Toronto online - facebook | twitter

" Stop your life, B. Get your whole sh-t together!' How the f-ck do you owe China, B? how can I tell my daughter with a straight face that capitalism is the better system than communism if we borrowing money all our money from the biggest communist country on the planet??" Everybody who has a loan to the federal government. F-ck paying it. Don't pay your bills 'cos they ain't paying theirs! What is the government's credit score. It's gotta be a 350 ...." I know I'm late on this (I actually [...]

I haven't been paying that much attention to the Occupy Wall Street protest movement despite the fact that it's spreading and there's been some questionable incidents related to it but this is amazing! A must-watch. The only part where dude perhaps gets into sticky territory is right at the end (which surprise, gets cut off) when he starts talking about Solyndra ! There's a good reason the interview in this footage has been unaired on TV. Sadly, the mainstream US news media isn't really about addressing the [...]

Thank you to all the protesters occupying Wall St. right now. We are a country built on shared sacrifice and civic duty. We are a nation of immigrants. We are a nation which, at our best, thinks flexibly about problems as they happen and works through them with the messy and slow process of democracy. These protests are voicing the myriad arguments for equitable economic reform and against the

The Economist weighs in on a new study that suggest the relatively poor often oppose raising taxes on the wealthy because they don't want to help those below them on the economic totem pole: Instead of opposing redistribution because people expect to make it to the top of the economic ladder, the authors of the new paper argue that people don't like to be at the bottom. One paradoxical consequence of this "last-place aversion" is that some poor people may be vociferously opposed to the kinds of policies that would actually raise their own [...]

For those brave enough to watch the news, knowing the American economy has seen better days is common knowledge. Money's slow, stocks are falling and forecasters are predicting things to get worse before green pastures are seen again. That's why, sometimes when the news is so putrid, the best medicine is to just kick back and laugh. Jon Stewart and Stephen Colbert take on the intimidating topic of the recession in their own unique manners to discuss America's credit rating dropping from AAA to AA+. Comparatively speaking, Stewart's clip is superior, but both drive home [...]

John Robb's essay on America's current state of affairs might be the best thing you'll read all day. His analysis is interesting and connects the dots in ways that I haven't come across anywhere else. The result of central planning in the US has finally hit the wall. The list of problems is endless. The misallocations range from the dangerous $600 trillion derivatives market to the destruction of the US middle class (by exporting jobs and the substitution of income with debt). The end result is that our economic and political system [...]

Not only has "trickle-down economics" been proven time and again over the last 30 to not work as an economic theory, but the implementation of these theories has actually made our economy much much worse, at least for the people in the middle and lower classes that the wealth is supposed to trickle-down to. Yet despite a thriving economy during the Clinton years that included increased taxes on the wealthy and a failing and ultimately collapsing economy during the Bush years that included a massive tax cut that almost entirely went to the wealthiest among us, the leading economic theory [...]

Interesting op-ed on Obama that should be read by just about everyone . When he wants to be, the president is a brilliant and moving speaker, but his stories virtually always lack one element: the villain who caused the problem, who is always left out, described in impersonal terms, or described in passive voice, as if the cause of others' misery has no agency and hence no culpability. Whether that reflects his aversion to conflict, an aversion to conflict with potential campaign donors that today cripples both parties' ability to govern and threatens our democracy, or [...]

In the world steel industry, China's exponential lurch from small bit player to dominant producer ( far and away ) in just ten years serves as good illustration for the country's sudden dominance in all kinds of industries. Just look at shipping-China, as the world's biggest steelmaker, rather necessitates being its biggest iron ore importer. As such, it's only a slight exaggeration to say that day earnings in today's dry bulk shipping industry rise and fall on China's steel industry and its importing whims. Still, I was surprised (and then surprised that I was surprised) to see that a massive [...]