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Wall Street Journal Supports Break-Up Of Big Banks
Wall Street Journal Supports Break-Up Of Big BanksAdd the Wall Street Journal editorial board -- to the growing ranks of those calling for a restoration of barriers between commercial and investment banking. \The editorial heavily criticized Democratic proposals to... The Bigger the Bubble the Greater the Bust
It is becoming clearer by the day that the feds' efforts aren't really working. They can give money to their friends in the banking industry. They can give money to speculators who then make bets on the stock... The Status of the U.S. Economy
Once upon a time earnings were a reliable performance measure to judge a company’s financial health, whether being good or poor. It helped to make proper business decisions.If the company was making money, it was... A Wise Lesson From the Past
For 40,000 years - maybe longer - our ancestors have walked the very earth. They lived. They died. What did they know? Scientists say they were as smart as we are. What did they talk about? What did they think... Mister Market’s Moral Lesson
Markets are not mathematical, nor mechanical; they're moral. Their purpose is not to make people wealthy, but to make them wise. If they were mathematical they would make people richer by adding zeros. But it's not... Financial System led by Market or Economy?
A market economy is a system of allocating resources based only on the interaction of market resources such as supply and demand. A true market economy is free of governmental influence and other external... Creative Destruction
Schumpeter framed the phrase “creative destruction” into the economic discussion around 1940 in one of his publications.Creative destruction is often shared with innovation when something new kills something... Obama’s Inaugural Sacrifices:
TIME magazine published an essay written by Mike Murphy a political writer, under the title: The Sacrifice Gap. As this essay expresses much of the concerns dealt with in my recent articles it may be of interest to... 110 views | 24 recommendations | 3 comments
Market Growth is not the Solution
We need to take a few reflective pauses, as we go about our lives in the industrialized world. That will allow us to consider from whence came the outputs on which we draw. Take, for example, when we get up in the morning. It is unlikely that we will normally give a second... Tracking the $700 Billion Bailout
"Follow the link to an extensive chart of all the companies receiving billions from the FED and the US Treasury." Obama Resists Attempt to Add Bankruptcy Law Change in Economic...
Efforts to add a stipulation in the economic stimulus bill supported by congressional Democrats that would permit bankruptcy judges to minimize mortgages as a possible solution to the foreclosure problem is being... Avoiding Societal Economic Disaster requires new way of thinking
Government have sought to convince "the masses" that bailing out the very elites that spawned the world wide 'economic crises' is vital. However, the book entitled Quality-of-Living and Human Development by Horace Carby-Samuels, suggests that what is needed is a new way of... Americans may be sleep walking into an economic Depression
Food stamps are the symbol of poverty in the U.S. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive - a sure sign the world's richest country faces economic crisis.
We knew things were bad on Wall Street, but on Main Street... Canada gives $4 billion to auto bailout
The Canadian government has agreed to give $4 billion to the auto industry to prevent a possible collapse of the industry. The amount is about 20 percent of the Bush administration bailout plan as well as Canada's... Paulson the Cause to World Recession..
The International Institute of Nonviolence News&Opinion By: Rev. Jermano The 700 billion USD bank rescue was about passing legislation to help TARP: Troubled Asset Recovery Program. Since...
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