The US Census Bureau’s report – Income, Poverty, and Health Insurance Coverage in the US: 2009 says the number of people in poverty increased by nearly 4m – to 43.6m – between 2008 and 2009. One in seven Americans was living in poverty in 2009 with the level of working-age poor the highest since the …
Continue reading Inequality in America is stretched wider
Category:3 The World of Money
Synthetic life – It’s just about money.
It would be comforting to believe that the production of synthetic bacteria in the laboratory is going to accelerate cures for disease, replacement body parts and sympathetic engagement with nature. But that is not happening. The positive hopes are the marketing headline. The reality, proven by the track record of Venter and his hairy faced …
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Environment destruction is harming economies.
Earth’s ongoing nature losses may soon begin to hit national economies. The third Global Biodiversity Outlook (GBO-3), a major UN report, warns that some ecosystems may soon reach “tipping points” where they rapidly become less useful to humanity. These tipping points include rapid dieback of forest, algal takeover of watercourses and mass coral reef death. …
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No system change at the top. It’s up to you.
The US government representatives have decided not to reform the financial system. No surprise. It was the richest that made the most from teh credit bubble of the 1990s/2000s and then got bailed out by the government rescue packages when the financial system imploded. Why would they want to make it more difficult for themselves? …
Continue reading No system change at the top. It’s up to you.
Bankers stole your money.
The evidence has been revealed. The bankers and investment managers that were looking after your cash in 2007, stole it. As the mortgage market crashed, the insiders sold the market short, and their clients. The US Senate subcommittee has released more emails proving our conjecture made in 2007/2008 that the fiduciaries/regulators knew of the problems …
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Bankers crashed the economy.
It wasn’t just bankers, we all played a part. But top of the list of immoral players are fiduciaries. The US Senate Subcommittee investigating the financial crash of 2007/8 highlighted emails by top investment bankers who were short selling the mortgage security market as it declined, while publicly obfuscating the hole in the financial system. …
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The internet, like money, is used for evil as well as good.
It is sad news. The internet is facilitating trade in endangered species. I like the internet and I like nature, so it is painful to see that headline. Of course, the internet, like money, is not evil, but can be used for evil as well as for good. It reflects the values of the people …
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The King’s New Clothes – Market abuse by fiduciaries unacceptably high.
It’s still the same old story. Despite economic recession, trillions of your euros, dollars, clams being spent to prop up the financial system, the prevalence of abuse by fiduciaries has not declined. Bankers, stockbrokers, insurance companies, the whole lot of them (except, of course, the few with integrity, like you – ha ha) continue to …
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Repo 105 – it’s still out there.
A report on the Lehman Brothers bankruptcy came out today. It’s ancient history really, because to happened a year and a half ago. But it’s relevant today to remind us of the obfuscation that we endure from banks, politicians, the boss and others. Simply put, Lehaman fudged its financial performance by selling assets prior to …
Continue reading Repo 105 – it’s still out there.
Wikinvest
A kind of open blog on financial markets. Worth a browse. Wikinvest