November 2009
25 posts
The Jobs Imperative →
Washington’s assumption that the economic recovery will sooner or later create jobs is wrong and unacceptable. It’s time for an emergency jobs program.
6 tags
"A sense of belonging" by @turnbullmalcolm aka...
Left Centre Right 1page </object> The traditional opposition between Left and Right is - “Economically Conservative, Culturally Liberal”: defiance towards free markets and business agendas, pro- gay rights, pro- abortion, against death penalty, activism in favour of minorities, etc - “Economically Liberal, Culturally Conservative”: embrace free...
There are things money can't buy. IMF: "Another...
Managing-Director of the IMF Dominique Strauss-Khan said that another public funding in the financial sector would not be tolerated by the “man in the street” and could even threaten democracy. source: http://business.timesonline.co.uk/tol/business/economics/article6928147.ece#cid=OTC-RSS&attr=1185799 { NKN } Posted via email from leLaissezFaireisOver { LF_O...
Taxing the Speculators →
While a financial transactions tax would not completely prevent any future crisis, it could generate substantial revenue while providing a useful check on reckless short-term speculation.
You too, you can learn French and have fun. With...
The paper has got pretty graphs and a morale ‘à la Robin Hood’. It says that unless investors and shareholders accept lower returns on investment & capital we will face 2 issues: - for non-financial sector companies: decrease of wages in order to increase profitability and match expectations regarding return on capital - for banks: excessive and unacceptable risk taking on...
The Phantom Menace →
The scare stories from Wall Street seem to be intimidating Washington from doing more to rescue the economy.
3 tags
You know systemic change is required when you read...
This is the highest recorded prevalence rate of food insecurity since 1995 when the first national food security survey was conducted. Source: US Dept. of Agriculture - http://www.ers.usda.gov/features/householdfoodsecurity/ Posted via email from leLaissezFaireisOver { LF_O } | Comment »
How Much Is Enough? →
The economic downturn has produced an explosion of popular anger against bankers’ “greed” and their “obscene” bonuses. This has accompanied a wider critique of “growthmanship” – the pursuit of…
The Big Squander →
By not extracting concessions from bankers during the rescue of A.I.G., policy makers undermined their own credibility and put the broader economy at risk.
5 tags
Krugman warns China: US will retaliate (Is...
“So picture this: month after month of headlines juxtaposing soaring U.S. trade deficits and Chinese trade surpluses with the suffering of unemployed American workers. If I were the Chinese government, I’d be really worried about that prospect.” - Paul Krugman, NYT : http://www.nytimes.com/2009/11/16/opinion/16krugman.html?_r=3 Some comments to the columns are also worth a...
7 tags
Being told to betray ethics & put pics of Carla...
So here we go. But because it cannot just be about celebrity gossips, a few existential questions: - What are those tags #sarkozy #nicolassarkozyeverywhere (nicolas sarkozy everywhere) as well as the recently uber-trending #jeansarkozypartout (jean sarkozy everywhere)? - Why has the French president been photoshopped to death in the week of the anniversary of the Fall of the Berlin Wall? -...
World Out of Balance →
The problem of international trade imbalances is about to get substantially worse unless China changes its weak-currency policy.
4 tags
2005 chart from @TheEconomist. Australians worked...
This chart was published by The Economist in 2005 highlighting differences of average annual hours worked per person in employment between 1997 and 2004. - in France: The effect on the 35 work hour week. The socialist government mandated the reduction of the standard workweek from 39 to 35 hours in 1998 to be implemented in large firms by 2000 and in small firms by 2002. - in...
Free to Lose →
With long-term unemployment at its highest levels since the 1930s and on the rise, the U.S. should consider policies that address job growth directly.
2 tags
An an inconvenient reality: "Wide Dissatisfaction...
Twenty years after the fall of the Berlin Wall, a new BBC World Service global poll finds that dissatisfaction with free market capitalism is widespread, with an average of only 11% across 27 countries saying that it works well and that greater regulation is not a good idea. In only two countries do more than one in five feel that capitalism works well as it stands—the US (25%) and Pakistan...
Paranoia Strikes Deep →
If the G.O.P. essentially shrinks down to a rump party across America, the country could become ungovernable in the midst of a continuing economic disaster.
This picture says it all: the Derivatives Market...
Source: Original graph : http://graphics8.nytimes.com/images/2008/10/09/business/1009-web-GREENSPAN.gif Article: NY Times : THE RECKONING: Taking Hard New Look at a Greenspan Legacy. Published: October 8, 2008 http://www.nytimes.com/2008/10/09/business/economy/09greenspan.html?pagewanted=all More by Jospeh Stiglitz The Context: “I was a member and then chairman of the...
Obama Faces His Anzio →
President Obama chose a cautious approach rather than bold action on the economy, and the decision may haunt Democrats for years to come.
Those 3 @PBS FRONTLINE docos make a good GFC...
« 3 @PBS FRONTLINE docos make a good GFC Trilogy http://tr.im/E0Vf . A pattern is emerging… » PBS has recently aired 3 docos from Veteran FRONTLINE producer Michael Kirk. This trilogy starts to shape the narrative of what happened around the Global Financial Crisis. I embedded the 3 videos at http://www.theotherschoolofeconomics.org/?p=344 1 - inside the Meltdown:...
Great Leaders' Parties Unite {voulez-vous coucher...
Following the previous “alliance-ethnik post” here is more on the developing love story between Sarkozy’s Party and China… The French Presidential party UMP (formerly known as the French conservative party) signed an agreement with the CCP (formerly known as Chinese Communist Party) to liaise and find agreement on the greatest issues of our times! There are much...
Too Little of a Good Thing →
The Obama stimulus plan is helping, but it not nearly enough. Unless something changes, high unemployment will continue for years to come.
