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By CHARLES MURRAY
Government employees demonstrate against the Spanish government's austerity measures in Madrid, on Friday. The economic situation has forced some Spaniards to leave the country for work. Pierre-Philippe Marcou / AFP/Getty Images
Capitalist countries’ prosperity is rooted in the ancient Cistercian monastic order. (Photo: Colourbox)
The price of Treasury bonds is supported by the Federal Reserve’s large purchases.
"The fastest way to reduce solid waste volumes is to have a recession," writes World Bank urban specialist Dan Hoornweg in a report on the state of trash in cities. Hoornweg elegantly sums up why garbage is and will remain a vexing problem. Here in the United States, we hear "zero waste" and think sanctimonious yuppies .
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There is no alternative ("Tina") to capitalism?
China is preparing to launch a program that will create the same complex debt-instruments that triggered the global financial crisis in 2008.
GUELPH, Ontario — Allowing economic forces to be a role player in saving the environment is “absurd,” says Canada’s most prominent environmentalist.
For all the fearmongering we hear out of our politicians on the right about how heaven forbid we're going to turn into Greece, the one country you never hear them talk about any more is Iceland.
Everybody knows the dice are loaded, everybody rolls with their fingers crossed. Everybody knows that the war is over, everybody knows the good guys lost.
Gross Domestic Product — GDP — may have its limits . But it's a useful, broad measure for looking at national economies. It's basically the total dollar value of all of the goods and services a country produces in a year.
If there was ever any doubt that the recently announced JPMorgan Chase "probe" was merely an early summer's entertainment to keep the masses distracted, I'd say their hire of this former SEC chief to help them has cleared up that question . The SEC is notorious for its incestuous ties with Wall Street and their all-too-forgiving ways toward their former (and possibly future) employers. (For instance, JPMorgan’s general counsel Stephen Cutler was previously head of enforcement at the SEC.)
Investors that shoot for IPO allocations needn’t worry that a high stock price overvalues the company if they are confident they can find a ‘greater fool’ willing to pay more. Wall Street Journal , May 21, 2012. With cult-like projections, Mark Zuckerberg’s face was beamed across a screen at Hacker Square.
May 15, 2012 |