This graphic from The Economist sums up what we all know but don’t like to face (as @RustyRockets just pointed out). So 0.7% of the people have 44% of the wealth, and 68.9% of the people have 2.9% of the wealth. That doesn’t sound fair, or like democracy, or Christian/Islamic/Bhuddist, or … anything to be …
Continue reading Population and wealth – a picture of the sad, obvious inequality.
Yellen about the benefits of education.
Fed Chair Janet Yellen said in a speech yesterday that “public education spending is often lower for students in lower-income households than for students in higher-income households.” The Fed’s unusual comment on education came in a speech, delivered at the Conference on Economic Opportunity & Inequality sponsored by the Federal Reserve Bank of Boston, and …
Continue reading Yellen about the benefits of education.
Being one, being part of it all, being happy.
Russell Brand talking a lot of sense.
Asset prices down, money chasing security. What’s the problem?
While there has been enthusiasm for a recovering global economy, optimism is being dampened by market movements. There are some fundamental concerns about projected consumption levels and production costs. There are a number of geopolitical risks festering around the world: The strife in Hong Kong is being calmed by force. That will be re-assuring now, …
Continue reading Asset prices down, money chasing security. What’s the problem?
The “Actual Situation” in Hong Kong is that democracy is happening…
David Webb, who has supported transparent financial markets and open government in Hong Kong for a decade and a half, spoke to the crowds in Hong Kong yesterday. His vision is good for Hong Kong and good for China. And he indicates a way out of the confrontation. The speech is below and on Webb-site.com …
Continue reading The “Actual Situation” in Hong Kong is that democracy is happening…
Twitter watching government watching us.
Another example of unethical behaviour by government (USA in this case) – they demand to know about our every action, but won’t even tell us that they are looking at our personal files. This news comes from Twitter who is sueing the government for demanding private data (which is bad enough) while refusing to allow …
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Why Naomi Klein Must Not Blame Capitalism
“I haven’t finished reading the book; I don’t want to know who wins, capitalism or the climate, but I assume it’s capitalism because the book costs $30 and it’s printed on dead trees.”
–Stephen Colbert, interviewing Naomi Klein (23 Sept 2014)
Weak and uneven global economic recovery? Like the remedies applied to the financial system.
The IMF has slightly downgraded economic forecasts and highlighted regional stagnation in its latest World Economic Outlook. It certainly seems that some regions are more positive than they have been, and that seems related to good economic management. It is not easy to be prescriptive in this increasingly complex world, but economic growth rates of …
Continue reading Weak and uneven global economic recovery? Like the remedies applied to the financial system.
Garlic – a wonder food.
Garlic! The French love it. The Koreans love it. We love it. Strong and crunchy raw, or soft and sweet when cooked. Or crushed into a paste with sea salt to be added to anything. Tasty? Yes! And also invaluable as a remedy for common ailments as its antiseptic properties can purge your body and …
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Your money and your life. What kind of deal is that?
EDF wants to extend the life of a 40 year old nuclear reactor which has cracks in it. So, what do you think that’s about? Money. EDF can patch the reactor to get another decade out of it and all the revenue that comes with it. That is small marginal investment for large incremental cash …
Continue reading Your money and your life. What kind of deal is that?