AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies , mainly banks, with disproportionate power over the global economy. The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
(NaturalNews) Most people, even smart people, know surprisingly little about the way money really works in Big Government. With the debt ceiling fiasco suddenly raising awareness of the possibility of a total global financial blowout, now seems like a good time to remind people of seven disturbing facts about money that are almost never acknowledge in the old media. Fact #1 - There is no FDIC insurance fund. The money at your bank is insured against loss by the FDIC's insurance fund, right? Nope.
Introduction The essential point in the plans of the German National Socialist Workers’ party is the conquest of Lebensraum for the Germans, i.e., a territory so large and rich in natural resources that they could live in economic self-sufficiency at a standard not lower than that of any other nation. It is obvious that this program, which challenges and threatens all other nations, cannot be realized except through the establishment of German world hegemony. The distinctive mark of Nazism is not socialism or totalitarianism or nationalism. In all nations today the “progressives” are eager to substitute socialism for capitalism.
This is from the World Bank , which increasingly seems to be adopting the functions (or at least the methods) of campaigning NGOs and thinktanks. Data are for 2009, in purchasing power parity terms. Countries are in black, cities in green, companies in brown. Largest countries are the US and China (with India at number 4); biggest cities are Tokyo and New York, with notable presence of Latin American megacities (Mexico, Sao Paulo, Buenos Aires); top companies are Royal Dutch Shell and Exxon Mobil (oil still trumps tech, sorry Google).
Since 2005 Britain has dropped from fourth to seventh in the ranking of national economies. According to the Centre for Economics and Business Research, the country is set to drop out of the top ten by 2015 as Canada, India, Russia and China overtake. Much mournful commentary about the state of Britain, loss of prestige and influence is certain to follow. But the economic impact may be less significant than the psychological and diplomatic impact, warned Douglas McWilliams, Chief Executive of the CEBR. "Even after the end of Empire, the world's political agenda continued to be set by people with broadly the same cultural framework as the British. But some of those who are increasingly setting the world agenda have a degree of post colonial resentment against the British."
Last weekend, San Francisco, New York, and Washington, D.C. hosted spontaneous " Hackathons " to brainstorm how to use various platforms to help Occupy Wall Street. One of the ideas hatched was Occupy Design , a new website that gives a "visual language" to protesters across the country.
Our interactive overview of GDP, debt and jobs
U.S. crackdown doesn't distinguish between Caribbean tax havens and Canada email@example.com A tax crackdown by the United States has sent more than one million Americans and green-card holders living in Canada scrambling to figure out how to comply. The move is part of a push by the U.S. Internal Revenue Service (IRS) to make sure U.S. taxpayers are paying what they owe on foreign accounts. Unlike most countries, the U.S. requires its citizens to file annual tax returns based on their worldwide income, regardless of where they live.
While not an economist in the traditional sense, I am very interested in the study of economics. While not everyone shares this level of interest, I believe people should have an understanding of economics as the field is so important to understanding the world that we live in. Though this list contains ideas that are controversial, it is not intended to promote anger or controversy.
The Original Bitcoin Client is free, open-source software.
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The following is a list of online and real world businesses that currently accept Bitcoin. If you are looking for only real world commerce, see here New service providers are very much appreciated as they help establish the currency! Please only list services that are presently available (that is, NOT "available soon") and accepting bitcoins. Note: it still remains up to you to decide whether you trust the service provider or not.
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Bitcoin, the world's first peer-to-peer digital currency , fell below $3 on Monday.
MILTON FRIEDMAN famously called for the abolition of the Federal Reserve, which he thought ought to be replaced by an automated system which would increase the money supply at a steady, predetermined rate. This, he argued, would put a lid on inflation, setting spending and investment decisions on a surer footing. Now, Friedman's dream has finally been realised—albeit not by a real-world central bank.
the keiser report