Ozan Örmeci Makaleler (Ozan Örmeci Articles) The theory of social costs: Why markets cannot discipline financial institutions. In-depth analysis on Credit Writedowns Pro. You are here: Financial Institutions » The theory of social costs: Why markets cannot discipline financial institutions By L. Randall Wray I recently came across a video of one of my talks on the Global Financial Crisis, or, Global Economic Crisis, that provides a clear antitdote to orthodox thinking. You can view it here: “The Financial Crisis Viewed from the Perspective of the Social Cost Theory”, Social Cost Workshop, Wright State University, Ohio, April 27, 2012; video here here (begins approximately at the 23 minute mark) : Here is a summary of the argument, and a link to a relevant paper is at the bottom.
Mainstream economists have developed theories in which financial markets are “efficient,” pricing financial assets according to fundamental values. These objections are even more relevant to the sphere of finance. Clearly, operation of the payments system has not been left to “free markets.” L. Actually, The Newest Version Of NDAA Makes It EASIER To Detain Citizens Indefinitely. By Michael KelleyAt first glance it looked like the 2013 version National Defense Authorization Act (NDAA) did more to protect Americans against indefinite detention.
We and several other news organizations reported as much yesterday. But on closer examination the new NDAA actually makes it EASIER to detain citizens indefinitely. Here's the added clause in question: “Nothing in the AUMF or the 2012 NDAA shall be construed to deny the availability of the writ of habeas corpus or to deny any Constitutional rights in a court ordained or established by or under Article III of the Constitution for any person who is lawfully in the United States when detained pursuant to the AUMF and who is otherwise entitled to the availability of such writ or such rights.” Yesterday we focused on the line "nothing ... shall be construed to deny ... any constitutional Rights ... " Afran explained that the new provision gives U.S. citizens a right to go to civilian (i.e. ConsultingMag.com. Over the last decade, Consulting magazine has recognized more than 250 consultants for their accomplishments in the profession.
Each year, we honor those consultants making the greatest impact on clients and within their own firm with the Top 25 Consultants. Here’s a complete list of all the winners of the award dating back to 1999. 2009Jim Bramante, IBMBruce Barge, Buck ConsultantsMike Conover, KPMGClaudia D’Arpizio, Bain & CompanyMaryAnne Faschan, EDSCory Gunderson, ProtivitiJohn Kaltenmark, Accenture Brooks Kitchel, Kurt Salmon AssociatesJohn Kovalchick, Proudfoot ConsultingRich Lesser, The Boston Consulting GroupRobin Lineberger, BearingPoint Bryan Marsal, Alvarez & MarsalLeslie Moeller, Booz & Company Ken Mungan, MillimanJacqueline Olynyk, PricewaterhouseCoopers Laurie Oppel, Navigant ConsultingDavid Rodman, Hitachi Consulting Jim Roth, Huron Consulting GroupVance Scott, A.T. 2008Shumeet Banerji, Booz & Company Peter Cheese, AccentureKathryn Haley, Aon ConsultingDaniel Mahler, A.T.
Zheng Shangyou. This page is partly based on a contribution from Jonathan Norris. Introduction Zhēng Shàngyóu is a Chinese card game whose name can be roughly translated as Struggling Upstream. For some Chinese people this name is reminiscent of the Cultural Revolution - it said to be a literary quotation referring to the perseverence of a fish swimming against the current in the early spring. Will Tomlinson has pointed out that this is the topic of the "Trilogy of a Fish" by the poet Shi Zhi (Guo Lusheng), born 1948. The game exists in several variations, and has various alternative names. According to Zhang Shutai, the most interesting version is the partnership game for six players, also known as Sān jiā xĭ (三家喜 - family of three) or Huŏjiàn (火箭 - rocket).
In the form set out here Zheng Shangyou was brought to the UK by John McLeod, who learned it during a visit to China by some British Go players in 1979 from our interpreter Zhang Chuansheng. Equipment and Objective The Deal The Play (i) Single card. Progressive Analysis - Defending Reproductive Justice - Political Research Associates. Liberal and progressive commentators have followed the Right’s incremental method of limiting access to abortion and other reproductive justice issues. These are examples of their analysis. Limiting Abortion Access Step by Step Laws Targeting Abortion Providers “Targeted Regulations of Abortion Providers” written by (TRAP Laws) the Center for Reproductive Rights, discusses the trivial and arbitrary laws that are being created across the country to make it more difficult for freestanding abortion clinics to stay open.
(PDF) This article from the Kansas City Daily Record discusses the tactic of requiring abortion clinics to be registered as “ambulatory surgical centers.” Ultrasounds This article from Time discusses how having ultrasounds in crisis pregnancy centers affect a woman’s decision about abortion. Global Gag Rule Limiting Public Funding for Abortions Conscience Clauses A summary of the issues about pharmacists’ refusal to dispense reproductive medications in fact sheet form.
LGBTQ Persons. Voting 101. Inside the Beltway. The midterm hubbub is over and President Obama has left town for 10 days, reportedly accompanied by one personal chef, 3,000 assorted officials, 200 business leaders, 40 aircraft, 34 warships and six armored cars. No elephants, though. In the aftermath, a certain gloom has descended upon politicians, somewhere between postelection depression and lame-duck dread. Republicans must size up the true dimensions of their victories, even as Democrats confabulate what strategic mischief they can wreak once Congress reconvenes. Soon-to-be House Speaker John A. Boehner has to worry who will play him in the inevitable “Saturday Night Live” spoof. And whether they like it or not, journalists have to spin their wheels until the next crisis comes along. Meanwhile, some reasonable optimism has emerged in Carl Anderson’s book “Beyond A House Divided: The Moral Consensus Ignored by Washington, Wall Street and the Media,” released Tuesday.
“He will be eating food prepared only by his personal chef. On the Upper West Side, an anti-Obama draft - Ben Smith. October 31, 2011 Progressive disgruntlement with elements of President Obama's governance, and with his principled fondness for compromise, has not at any point seemed on the verge of a serious primary challenge, and the most serious potential challengers -- Howard Dean and Russ Feingold -- have ruled it out. But a New York reader sends over the stirrings of that disillusion in one of America's true liberal heartlands, Manhattan's Upper West side, where Obama and Biden won 84% of the vote in 2008. A longtime local Democratic activist, Bob Ginsberg, has sent around a mailing to about 1,800 New York Democratic leaders and activists, calling for a progressive challenge to President Obama. Obama, Ginsberg writes, is destined for David Weprin-style defeat because of "his wimpiness; his unwillingness to fight for anything; and his addiction to compromising.
" "The soution is to find a credible progressive Democrat to run for President in a primary against President Obama. Politics | Election | Romney unveils leaders of Catholic outreach team. Economic Justice. The Attack on Working People & Organized Labor It became clear in 2011 that there was a broad attack on working people, especially those in unions. Anti-labor campaigns by corporate interests are nothing new, and are frequently masked by rhetoric about freedom of choice for employees. The main framing of these anti-labor campaigns is built around the idea of a "Right to Work. " Corporate CEOs and wealthy "free market" economists portray themselves as friends of the working man and woman. In 2008 corporate and conservative strategists were developing a series of fake grassroots groups under the banner of the new “Tea Party” rebellion. What is Behind These Attacks? What About the Tea Party Movement?
"Taking Tea Partiers Seriously" Cover story in February Progressive magazine by Chip Berlet, Major Study of the Tea Parties as a form of Right-Wing Populism: Berlet's paper for the UC Berkeley Seminar on the Tea Parties More on the Tea Parties Visit our page on anti-labor activities on the Right. Talking Points Memo | Breaking News and Analysis | TPM.