Advertising & the Perfect Storm - Sut Jhally
There's no need for all this economic sadomasochism | David Graeber | Comment is free Illustration by Andrzej Krauze The intellectual justification for austerity lies in ruins. It turns out that Harvard economists Carmen Reinhart and Ken Rogoff, who originally framed the argument that too high a "debt-to-GDP ratio" will always, necessarily, lead to economic contraction – and who had aggressively promoted it during Rogoff's tenure as chief economist for the IMF –, had based their entire argument on a spreadsheet error . The premise behind the cuts turns out to be faulty.
28-year old PhD student debunks the most influential austerity study New study refutes Reinhart and Rogoff analysis that underpins austerity policy around the world; shows no relation between debt and lack of growth - Transcript PAUL JAY, SENIOR EDITOR, TRNN : Welcome to The Real News Network. I'm Paul Jay in Baltimore.In capitals, both political and economic, across Europe, across North America, really, across the world, there's been an assumption based on a study done by two eminent Harvard professors, economists Carmen Reinhart and Kenneth Rogoff, which presented in 2010 their conclusions that 90 percent debt-to-GDP ratio means a collapse in growth.
Social and Cultural Capital in Creativity
The Wrong Economic Prescriptions: Deeper Austerity as a “Solution” to Austerity Leeches could also be used in bloodletting. The withdrawal of so much blood as to induce syncope (fainting) was considered beneficial, and many sessions would only end when the patient began to swoon. As the economy shows signs of recession, the leeches return. Alan Simpson and Erskine Bowles have issued a new report calling for even deeper austerity. It is not what the economy needs as it stagnates and sputters toward a possible new collapse. Their report combined with President Obama’s State of the Union, the sequestration and Republican dogma are all combining to bring on another round of budget cuts, which will only make recession more likely.
For anyone scratching their head about how to understand the deeper social and economic dynamics of online networks, a terrific new report has been released by Michel Bauwens called Synthetic Overview of the Collaborative Economy . Michel, who directs the Foundation for Peer to Peer Alternatives and works with me at the Commons Strategies Group, is a leading thinker and curator of developments in the emerging P2P economy. The report was prepared for Orange Labs, a division of the French telecom company, as a comprehensive survey and analysis of new forms of collaborative production on the Internet. The report is a massive 346 pages (downloadable as a pdf file under a Creative Commons BY-NC-SA license ) and contains 543 footnotes. But it is entirely clear and accessible to non-techies. A Lucid New Primer on the Collaborative Economy
Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions John Perkins describes himself as a former economic hit man–a highly paid professional who cheated countries around the globe out of trillions of dollars. 20 years ago Perkins began writing a book with the working title, "Conscience of an Economic Hit Men." Perkins writes, "The book was to be dedicated to the presidents of two countries, men who had been his clients whom I respected and thought of as kindred spirits–Jaime Roldós, president of Ecuador, and Omar Torrijos, president of Panama. Both had just died in fiery crashes. Their deaths were not accidental. They were assassinated because they opposed that fraternity of corporate, government, and banking heads whose goal is global empire.
In the shadow of the euro crisis and America’s fiscal cliff, it is easy to ignore the global economy’s long-term problems. But, while we focus on immediate concerns, they continue to fester, and we overlook them at our peril. The most serious is global warming. While the global economy’s weak performance has led to a corresponding slowdown in the increase in carbon emissions, it amounts to only a short respite. And we are far behind the curve: Because we have been so slow to respond to climate change, achieving the targeted limit of a two-degree (centigrade) rise in global temperature, will require sharp reductions in emissions in the future. Some suggest that, given the economic slowdown, we should put global warming on the backburner. "The Post-Crisis Crises" by Joseph Stiglitz - Joseph Stiglitz
Oliver Stone Tears Apart Obama's Empire
Signature Quotes: Stéphane Hessel
Former GOP Strategist Kevin Phillips on the Roots of American Revolution and Future of US Politics With the Republican Party in a state of turmoil following Mitt Romney’s loss three weeks ago, we begin today’s show with a guest who was once one of the most influential Republican strategists. In 1969 Kevin Phillips wrote the groundbreaking book, "The Emerging Republican Majority." Newsweek described the book as the “political bible of the Nixon administration.” After a series of best-selling books on the Bush family, Wall Street and the American theocracy, Phillips is looking back at the roots of the American Revolution in his new book, "1775: A Good Year for Revolution.”
Why So Secretive? The Trans-Pacific Partnership as Global Coup A summit with leaders of the member states of the Trans-Pacific Strategic Economic Partnership Agreement (TPP) in November, 2010. (Photo: Gobierno de Chile ) The Trans-Pacific Partnership is the most secretive and “least transparent” trade negotiations in history. Luckily for the populations and societies that will be affected by the agreement, there are public research organizations and alternative media outlets campaigning against it – and they’ve even released several leaks of draft agreement chapters. From these leaks, which are not covered by mainstream corporate-controlled news outlets, we are able to get a better understanding of what the Trans-Pacific Partnership actually encompasses.
Zbigniew Brzezinski Still Admits The Global Political Awakening Proving Very Difficult For The Elite
Email: Thanks to everyone who wrote in about the maps. I've received so much email that I may not be able to reply to everyone, but I much appreciate all your comments and suggestions. Many of the things people have been asking about are answered in this list of frequently asked questions. Election maps
(updated below) The greatest and most enduring significance of Tuesday night's election results will likely not be the re-election of Barack Obama, but rather what the outcome reflects about the American electorate. It was not merely Democrats, but liberalism, which was triumphant. To begin with, it is hard to overstate just how crippled America's right-wing is. Obama and progressives: what will liberals do with their big election victory? | Glenn Greenwald | Comment is free
The case against casting a ballot for the president -- even if you think he's better than Mitt Romney Reuters Tell certain liberals and progressives that you can't bring yourself to vote for a candidate who opposes gay rights, or who doesn't believe in Darwinian evolution, and they'll nod along. Say that you'd never vote for a politician caught using the 'n'-word, even if you agreed with him on more policy issues than his opponent, and the vast majority of left-leaning Americans would understand. Why I Refuse to Vote for Barack Obama - Conor Friedersdorf
Spain Protesters Encircle Parliament Pablo Blazquez Dominguez/Getty Images Anger has grown over Prime Minister Mariano Rajoy’s handling of the economic crisis, and the government faces further challenges from Andalusia and Catalonia. Presenting the biggest domestic political challenge, the leader of Catalonia , Spain’s most powerful economic region, called an early election for Nov. 25 that could turn into an unofficial referendum on whether to split from the rest of the country. Catalonia’s demands for more autonomy have been fueled by its own financial problems, which forced the Catalan government last month to request $6.5 billion from an emergency fund of $23.3 billion set up by Mr.
“Those who make peaceful evolution impossible make violent revolution inevitable.”- John F. Kennedy The only way out is through. Global society is dependent on artificially inflated energy resources—i.e. oil—that are directly leading us toward total collapse. Technology is being used to most efficiently maximize wealth of the largest corporate conglomerates at the expense of the social fabric and a living environment. The biosphere is in fact collapsing. Why We’re All Going To Die
Map of the US showing states where the number of electoral votes is uncertain and where the presidential election could be won or lost. September 19, 2012 | Like this article? The Big, Fat Lie Behind Romney's Absurd 47% Argument | Alternet
We Are Writing the Epilogue to the World We Knew The data continue to roll in, and they are telling us we are in the process of bringing an end to the world we evolved in, and creating a new, harsher world. We will be forced to devote more and more of our resources trying to adapt to this new world, and less on development. While politicians fiddle, the world burns. While the press plays he-said, she-said, the ice melts, the seas rise. In 1990 we could have averted this disaster and saved money doing it. As late as 2010 we still had a shot at avoiding it.
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Corporations are primarily intellectual property rentiers | MattBruenig | Politics
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Italy elects first transhumanist MP
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Cut the working week to a maximum of 20 hours, urge top economists | Society | The Observer
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Russia is seeing an emigration exodus