Updated July 30, 2012 1:20 a.m. ET Mitt Romney's résumé at Bain should be a slam dunk. Charles Murray: Why Capitalism Has an Image Problem
hide captionGovernment 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 Spain's Crisis Pushes Educated Into 'Economic Exile'
Why some countries are richer than others Capitalist countries’ prosperity is rooted in the ancient Cistercian monastic order. (Photo: Colourbox) Why is the Western part of the world enjoying wealth and growth, while other countries are left behind in poverty? A new PhD thesis seeks to find an answer to this question by digging deep into the underlying mechanisms of growth. One of the clues the thesis follows begins in France in 1098, when a breakaway group of monks formed a new monastic order. We’ll get back to that, but first we need to delve a little deeper into the underlying factors of wealth and growth.
The price of Treasury bonds is supported by the Federal Reserve’s large purchases. The Federal Reserve’s purchases are often misread as demand arising from a “flight to quality” due to concern about the EU sovereign debt problem and possible failure of the euro. Another rationale used to explain the demand for Treasuries despite their negative yield is the “flight to safety.” A 2% yield on a Treasury bond is less of a negative interest rate than the yield of a few basis points on a bank CD, and the US government, unlike banks, can use its central bank to print the money to pay off its debts. The Meaning of Libor-gate
"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. Charts: What Your Trash Reveals About the World Economy
Volkswagen: VW conquers the world WHEN Ferdinand Piëch arrived as Volkswagen's chief executive in 1993, things looked dire. The carmaker was overspending, overmanned and inefficient, and had lost its reputation for quality. How things have changed: last year the VW group's profits more than doubled, to a record €18.9 billion ($23.8 billion).
Yes, There Is an Alternative to Capitalism: Mondragon Shows the Way There is no alternative ("Tina") to capitalism? Dani Martinez, innovation director at Orbea bicycles, part of Mondragon Co-operative Corporation, in Mallabia, 2011. (Photograph: Vincent West/Westphoto for the Guardian)
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China is preparing to launch a program that will create the same complex debt-instruments that triggered the global financial crisis in 2008. The pilot program will allow banks to convert pools of loans into securities via off-balance sheet securities firms called Special Purpose Vehicles (SPV) or Structured Investment Vehicles (SIV). The process, which is called securitization, helps banks to circumvent capital requirements by hiding debt on off their books, thus, allowing them to increase leverage by many orders of magnitude. Securitization turbo-charges credit expansion while concealing the risks from shareholders, investors and depositors. China Embraces Ponzi-Bonds
The 32 Sexiest, Tastiest, Creepiest And Craziest Economic Indicators In The World The Concept: Two indicators here. The first, men will buy ties to appear that they're working harder during difficult economic times. The second, ties get slimmer during bad times and brighter when the economy starts to recover.
Suzuki: 'Absurd' to Let Corporations Profit in Name of 'Saving Planet' GUELPH, Ontario — Allowing economic forces to be a role player in saving the environment is “absurd,” says Canada’s most prominent environmentalist. Suzuki in this undated file photo. “It’s absolutely absurd to make money about saving lives. Crazy,” Suzuki said, in response to comments from fellow panelists at University of Guelph.
Cenk Uygur Asks If the US Should be Following Iceland's Model in Dealing With the Financial Crisis
Wall Street And High Frequency Trading: The 86% Vs. The 99% 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. Everybody knows the fight is fixed;the poor stay poor, the rich get rich. That’s how it goes…And everybody knows Last week Bill Maher took the Occupy Wall Street movement to task for not getting more directly involved in the political process. Basically, he dismissed the plans that OWS has prepared for this summer, suggesting that they’re ineffective, and a little ‘too last year’ to be of any consequence.
The World's Richest Countries And Biggest Economies, In 2 Graphics : Planet Money 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.
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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. Facebook was, after all, having its heralded float as a public company, though the occasion could not cease but be a social event of some magnitude. Facebook and the 100 Billion
May 15, 2012 | Like this article? Join our email list: Stay up to date with the latest headlines via email. Colonized by Corporations
11093 views this month; 11093 overall Some while back, I found myself sitting next to an accomplished economics professor at a dinner event. Shortly after pleasantries, I said to him, “economic growth cannot continue indefinitely,” just to see where things would go.
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