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Thomas Paine

To argue with a person who has renounced the use of reason is like administering medicine to the dead.
Showing posts with label Paul Krugman. Show all posts
Showing posts with label Paul Krugman. Show all posts

Sunday, October 23, 2011

23 October - News Notes

Great Depression Food LineImage by Kevin Burkett via Flickr
Five Posters Inspired by The Great DepressionImage by johndrogers via Flickr
Five Posters Inspired by The Great DepressionImage by johndrogers via Flickr
Experiences from bank runs during the Great De...Image via Wikipedia
Civilian Conservation Corps constructing road....Image via Wikipedia
Dorothea Lange's "Migrant Mother," a...Image via Wikipedia
Author Naomi Wolf speaking at an event hosted ...Image via Wikipedia

Maybe OWS's most important mission isn't to provide "answers" but to insist that we start asking the right questions 

To read the infotainment noozemedia, you would think that there is universal agreement on the one and only solution to the problem of high levels of government debt: the very austerity programs we're seeing inflicted on the countries noted by Secretary Reich, with the all-too-predictably deadly results. Since austerity isn't a solution to the problem, as Reich notes, it can hardly be the "only" solution. He sketches a very different one here, and you'll find the same case being made by actual economists like Dean Baker (here's a piece he wrote for the Guardian in February, "The Great British austerity experiment," about the disastrous lesson of the U.K. austerity regime for Americans), Paul Krugman, Joseph Stiglitz, et al.

News orgs that don’t clearly report that Senate Republicans filibustered the overall jobs bill, and are doing the same with individual pieces of it, refusing to allow a straight up majority vote on any of them, even though they have broad majority public support, are simply misleading their readers and viewers.

This comes after news orgs widely blared the news that the Senate GOP had introduced its own jobs plan without soliciting the views of independent experts on whether that plan would actually . . . create jobs. These epic media pathologies, as Kevin Drum has termed them, benefit Republicans, pure and simple.

 Jul 1 2010

What Caused the Great Depression is NOW

The United States economy is NOT in a “recovery”. Nothing could be further from the truth as business owners can tell you. We are clearly in a DEPRESSION. The best way to understand why is to read the best REAL History of the United States I have seen.
See also this Timeline that clearly shows who has controlled the economies
of the world since 1776: The History of the House of Rothschild which is the
History of Banking and the Federal Reserve
Unemployment statistics are lies intended to make things appear better than they are. They do not count those who have been out of work more than a certain amount of time nor do they count those who have given up looking. Do YOU know anyone who is unemployed and wants to work?
I do. 80% of my neighbors have already been laid off. My next door neighbor and his wife are BOTH laid off. None of these people has found full time work at any wage much less what they used to make. They get by with whatever side work they can find.

Occupy Wall Street: Naomi Wolf calls attention to the disturbing involvement of Homeland Security in her arrest

 ( It doesn't sound unlike tales from Toronto during the G 20 )

America's Lost Decade 
Food pantries picked over. Incomes drying up. Shelters bursting with the homeless. Job seekers spilling out the doors of employment centers. College grads moving back in with their parents. The angry and disillusioned filling the streets.
Pan your camera from one coast to the other, from city to suburb to farm and back again, and you'll witness scenes like these. They are the legacy of the Great Recession, the Lesser Depression, or whatever you choose to call it.
In recent months, a blizzard of new data, the hardest of hard numbers, has laid bare the dilapidated condition of the American economy, and particularly of the once-mighty American middle class.
The deep polarization between the very rich and everyone else has been decades in the making and is a global phenomenon. Reversing it could be the task of a lifetime.
In the meantime, the middle class has flat-lined. Life support is nowhere close to arriving. One lost decade may have ended, but the next one has likely only begun.


The SJVCEO's Valley Legacy Grant Project

Everything you wanted to know about clean energy but were afraid to ask. We have assorted general and job links (left), an award-winning blog, a list of clean energy companies in the Valley, training programs and more. Our goal is to get this page seen and used by as many students, educators and job seekers as possible. If you have any hints, suggestions or thoughts, please email site administrator Mike Nemeth at mnemeth@pesc.com. Or better yet, send this site as a link to a friend or colleague. We also have reserved the www.wiasjvceo.com link.

 Clean Energy News

Beginner’s Guide to Google+

True Colors – Breakdown of Color Preferences by Gender

 

How NOT to Design a Blog


Stunning First Wooden Maruti 800 Car made by a Carpenter in India

Women drivers at greater risk in car crashes because of sexist safety measures

Food Safety Law – Already Passed – Imposes Up to $1 MILLION Fines for Growing or Sharing Food

Martin Longman

The Silicon Valley Jobs Plan
Al Jazeera English

German satellite debris hurtles towards Earth
Firedoglake

“We are the 99 Percent” Photo of the Day

Jonathan McIntosh
by AlliMcCrack
Police state begins mass arrest of . Live stream:
Police always work for the 1%!

Democracy Watchdog
by AlliMcCrack
Apx 300 police officers, Police Full Size Buses, Riot gear....Arrests to happen soon. Mayor Chicago...

AlterNet

Toxic Student Debt Might Blow Up Our Economy -- Why the Fed Must Bail Out Millions of Young People Crushed by Loans

CrisisofCivilization
by MediaRootsNews
world premiere The Crisis of Civilization Today @ Elevate Festival!

Mathaba News Agency

On Twitter

#mathaba

The agency also insisted that the video and images of Gadaffi's capture and body were faked and that he was "not captured and not killed" but "very much alive in more ways than one", and though he "does not need to speak... in the future if the time is right... he may choose to address us again"

 Represented as 'before editing' shot

AfriSynergy: Muammar Gaddafi's "death" is NATO psyops job on the minds of the Libyan people

 

The ‘Rebels’ Assassination of Muammar Gaddafi: a NATO Operation from A to Z

 

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Wednesday, September 21, 2011

21 September - Twitterfeed Picks

WASHINGTON - JUNE 09:  Elizabeth Warren, Chair...Image by Getty Images via @daylife

 

Millionaires, The Middle Class, and Taxes — Actual Numbers

Recent Columns

Economic Bleeding Cure
By PAUL KRUGMAN
Austerity is inflicting vast pain now, and killing our future, too.
Free to Die
By PAUL KRUGMAN
Compassion is out of fashion among the G.O.P.’s base.
An Impeccable Disaster
By PAUL KRUGMAN
The moralizers, who hate the idea of letting nations off the hook for alleged fiscal sins, are sending the euro over the edge.
Setting Their Hair on Fire
By PAUL KRUGMAN
President Obama, with a significantly bolder and better plan than expected, tries to get action on unemployment.
The Fatal Distraction
By PAUL KRUGMAN
By obsessing over deficits, Washington has been making the real problem — mass unemployment — much worse.
Dot Earth
Updates on Greenland's Ice
New work shows how complicated plumbing within Greenland's ice sheets challenges efforts to make sea-level projections.
Opinionator
Stone Links
A collection of philosophy-related links from the past week.

 

China's land grabs: A case study

As the autumn harvest draws ever nearer, villagers in Liuxiazhuang have found themselves, quite suddenly, landless.
Documents provided to Al Jazeera by township-level officials showed contracts the government entered into on September 10 - less than two weeks ago.
Four days later, villagers at Liuxiazhuang received notices of the confiscation of parts of their farmland and the bulldozers promptly rolled in.
This took place just weeks ahead of the autumn harvest, and the farmers could hardly believe they had not only lost their land, but their last season of crops.
It did not appear that the new developers could wait a single moment for work on their latest project - a series of industrial and manufacturing parks - to begin.
Deputy Party Secretary Li Xiaofei, who is in charge of Liuxiazhuang, explained, "everyone" had been aware of this project and the plans to convert the land into a large-scale industrial and commercial park.
"During this entire land dispute, we have followed the laws. Everything we have done us is legal. Of course, what has happened is unfortunate," said Li.
But I also want you to understand that the villagers are looking out for their own interests, and will push for as much as they can get out of this."
By Li's own admission, he has personally handled this entire land redistribution case and says the township-level has accepted full responsibility for the deal.

What has incensed farmers have been the details of the agreement between the government and the property developers: rental for each mu (the Chinese calculation for a unit of land) went for about $100 (about 700 yuan) with a 15-year lease.

Considering the region is one of the wealthiest parts of China, the developers had received a windfall. The market rate for a mu of land typically runs at $42,000 (270,000 yuan). The discrepancy between the two figures is striking.

The Amanda Marcotte Daily


Meltdown
The men who crashed the world
The first of a four-part investigation into a world of greed and recklessness that led to financial collapse.
In the first episode of Meltdown, we hear about four men who brought down the global economy: a billionaire mortgage-seller who fooled millions; a high-rolling banker with a fatal weakness; a ferocious Wall Street predator; and the power behind the throne. The crash of September 2008 brought the largest bankruptcies in world history, pushing more than 30 million people into unemployment and bringing many countries to the edge of insolvency. Wall Street turned back the clock to 1929.
But how did it all go so wrong?
Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place.
Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced 'light touch regulation' - giving bankers a free hand in the marketplace.
Featured on Al Jazeera
haphaestus 7 hours ago
The greatest threat to "peace and security" of the world was strangely absent from Obama's speech to UN:  the poverty (and underlying troubles: crime, disease, extremism) caused by super rich corporate elite's greed for control and power of the worlds resources.

The conflicts over resources are occuring all over the globe and whether its tyrants in ME, dictators in Asia, or false democracies (America and the west) controlled by "lobbyists" and banksters...it all adds up to the same thing:
we are headed down a path that will bring the whole world back into conflict!

Unless some level of morality can be introduced to economy and some degree of social justice can be achieved on a global scale the world is going to find itself once again being called to arms to combat a threat to civilization itself. 
tsunami2 6 hours ago
While every President for the last 30-40 years had a part to play in this mess the mortgage issues were more directly caused by the Banking Overhaul Bill of November 1999.  Look it up yourself and they banking deregulations.

I do not believe it was the lack of regulation that was the problem (you have too many regulations, not too few) but rather enforcement of those regulations.

I spent almost 40 years in Gov. regulations and enforcement and can tell you from first hand that if you do not enforce them they are just so much useless paper and actually worse than nothing.

Your President Reagan said    "Trust but verify".

We allowed our inspectors 4 years in an area then they were rotated out to something different.  It is only natural that freindships develop which make it hard for and enforcement officer to do his job.
This goes from meat inspection, workplace safety, banking regulations etc. and it is also most important that senior management support the line people or the system fails.

In your country one of the prime problems you have which prevents regulation enforcement etc. is litigation.

Your country is Sue happy and this makes anybody trying to do the job have one eye open for legal consequences.  No good. 
We examine the phenomenon of Islamophobia in the US media and the people behind it.
Many people living near the site of the BP oil spill have reported a long list of similar health problems.
Whether the UN grants the PA status as a state or refuses to do so, either outcome will be in Israel's interest.
WikiLeaks cables allege that China is buying gold to weaken the US dollar's supremacy as the world's reserve currency. 

Energy Department Forges Ahead With $1.5 Billion Solar Loan Guarantee

idealab.talkingpointsmemo.com - As the political circus over the failure of the solar panel maker Solyndra plays out on Capitol Hill, the Obama administration is quietly forging ahead with its renewable energy loan guarantee prog... 

( Is there a solvent market ? ) 

firedoglake8 mins The Dangers of Cutting Medicare and Medicaid http://t.co/xKmTdL3l 

 thinkprogress10 mins Amnesty international reports "nearly 1 million people have signed a petition on Davis' behalf" http://t.co/TZTlnRqa #toomuchdoubt

HuffPostPol9 mins Cable news networks avoided input from economists during debt debate, study finds http://t.co/9CgxuOSh

downwithtyranny15 mins I wonder if Rick Perry is thinking how it would impact his campaign if he barged in & executed #TroyDavis personally.

Dahlialithwick15 mins cruel. and. unusual.

MJayRosenberg26 mins You don't have to be against the death penalty to oppose the legal murder of an innocent man. #TroyDavis
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Sunday, August 28, 2011

28 August - RSS SnapShot! Pt II

Coal Tattoo

Daniel Miessler

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Truth About Our World

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drinking liberally in new milford ( with beersphere feeds )

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change: org.

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Israel-The Only Democracy in the Middle East?

Politics in the Zeros

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