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EconomyGrowth is a sign of social failure.
We are all aware that tumors, even if they are benign, are an impediment to individual well being. Growths are anti-social. And yet, in recent decades we've been persuaded that growth is good.
By monica smith at 03/14/2010 - 05:57 | Economy | Health care | Poverty | monica smith's blog | login or register to post comments | read more
Icelanders reject bank bailout scheme (unlike US citizens, Icelanders had a vote on it!)First Iceland, then the World Written by Michael Collins SOURCE: DailyCensored.com
Michael Collins Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn’t fall on the citizens. By a 93% to 2% margin, they voted down a proposal requiring them to cover bad debt incurred by one of the nation’s oldest and largest banks. Covering the debt would have cost Iceland’s 317,000 citizens around $17,000 each. Iceland’s national referendum was the first opportunity for the people of any nation to vote directly on who pays when the financial elite fail.
By admin at 03/08/2010 - 07:51 | Accountability | Corporations | Crime | Economy | Features | Fiscal responsibility | login or register to post comments | read more
Gregg, the attention hogI don't, typically, hog the front page with blog posts. However, Gregg prompts me to make an exception and use the tools that will provide exposure of his posturing for the longest period of time.
By monica smith at 03/04/2010 - 06:09 | Economy | Fiscal responsibility | Health care | Jobs | Republicans | Video | monica smith's blog | login or register to post comments | read more
SHAHEEN: WELLPOINT’S NEW HAMPSHIRE RATE HIKES ARE WHY WE NEED REFORM NOW
SOURCE:Senator Jeanne Shaheen
Press Release: February 24, 2010 By admin at 02/24/2010 - 17:14 | Corporations | Democrats | Economy | Health care | Jobs | Labor | login or register to post comments | read more
N.H.--We're better than these guys!By monica smith at 02/24/2010 - 17:14 | Economy | Fiscal responsibility | Jobs | Video | login or register to post comments
The Wall Street Con
SOURCE:Rollingstone
Wall Street's Bailout HustleRead all about the seven cons. Confidence games are perpetrated by people who take advantage of a person's trust and deprive him of his goods. They are difficult to prosecute in the law because the victim appears to have been a willing participant.
By monica smith at 02/19/2010 - 07:20 | Corporations | Crime | Economy | login or register to post comments
ARRA--one year later
En Espanol
By monica smith at 02/18/2010 - 17:11 | Economy | Fiscal responsibility | Jobs | Video | login or register to post comments | read more
In the shadows, underground or real? You decide.
Economists are a peculiar lot as social science goes. Perhaps because their subjects actually handle material things, economists have decided that the trade and exchange of goods and services is only economic, if they can count it. Moreover, because keeping track of money is easy, economists have further simplified their field of inquiry by restricting their analysis to transactions mediated by money.
By monica smith at 02/18/2010 - 11:50 | Accountability | Economy | monica smith's blog | login or register to post comments | read more
In Honor of Presidents' Day--William J. Clinton '92By monica smith at 02/15/2010 - 13:13 | Democrats | Economy | Jobs | Poverty | Video | monica smith's blog | login or register to post comments
Robin Hood Tax
Also known as a transaction tax, it's something economists are being asked to endorse.
By monica smith at 02/15/2010 - 06:24 | Accountability | Economy | Environment | Taxes | Video | login or register to post comments | read more
Ah! Responsibility. VISA Calling
VISA, the credit card company has a new self-promotional campaign on the net, in print and on TV. Being technically quite advanced, the verbiage on the web site explaining what's up can't just be copied and pasted. So, please bear with the transcription, in case I err.
On second thought, there's probably too much verbiage to go above the fold, so let me just point out that my attention was first caught by the back cover of National Journal (Senator-elect Scott Brown is on the front) where some school teacher in Mecca, California is promoting "financial responsibility" by pointing to greenbacks pinned up on the wall. More apt than the engineers of this campaign probably intended. What they intended seems pretty well encapsulated in the Introduction of the Currency of Progress Campaign: Visa is celebrating how the power of digital currency is transforming lives with a new advertising campaign--Currency of Progress. By monica smith at 02/03/2010 - 17:03 | Corporations | Economy | monica smith's blog | login or register to post comments | read more
Ingrates
I'm sure that there's an entirely logical explanation, but, whatever it is, you'd think that the beneficiaries of Uncle Sam's munificence would, out of simple gratitude, do their best to comply with all environmental rules and regulations. But, you'd be wrong.
By monica smith at 01/27/2010 - 05:25 | Economy | Environment | monica smith's blog | login or register to post comments | read more
Gregg Blasts Bernanke Foes
SOURCE:The Hill
Top Republican blasts Bernanke foes for 'pandering populism' By monica smith at 01/27/2010 - 05:06 | Economy | Republicans | login or register to post comments | read more
It's Our Money--Thank you very much!
Presumably, there has not been a popular revolt to derail the Obama Administration's determination to not only get the money we loaned to the banks back, but to assert as a general principle that IT'S OUR MONEY, backed by the full faith and credit of we, the American people, and, since it's ours, ours to do with as we please--no reason to beg for crumbs from the bankers' tables. It's taken a while, but the ABC "It's your money" frame has finally taken hold. The Administration's decision to forgive the loans associated with hurricane damage is another example of getting the money flowing where we want it.
By monica smith at 01/16/2010 - 10:55 | Economy | News | Taxes | monica smith's blog | login or register to post comments | read more
The priorities of a failed state: War and banksters over healthcare and homes
In a failed state, the government’s priorities are totally separate from those of the people. The US can’t afford health care or a bailout for jobless homeowners, but it can afford a pointless war and multi-million dollar bonuses for banksters who wrecked the economy.
SOURCE: Counterpunch.com The Twin Frauds of Obama By PAUL CRAIG ROBERTS Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com. The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.” One can understand why the banksters are worried. The company, now known as Gold Sacks, has a large responsibility for the financial crisis and the fraudulent “securities” that wrecked the world economy and Americans’ pensions. A former Gold Sachs CEO had control of the US Treasury during the Bush regime from which he diverted $750 billion to bail out the banks, thus supplying them with free capital. Gold Sachs made $27,000 million during the first three quarters of 2009 and is paying out massive bonuses, leaving the busted taxpayers with the debt and interest charges. By admin at 12/06/2009 - 18:26 | Accountability | Civil rights | Corporations | Economy | War | login or register to post comments | read more
How free-market delusions destroyed the economySOURCE: By Raj Patel, Picador Press The following is an excerpt from Raj Patel's new book, The Value of Nothing (Picador, 2010). If war is God’s way of teaching Americans geography, recession is His way of teaching everyone a little economics. The great unwinding of the financial sector showed that the smartest mathematical minds on the planet, backed by some of the deepest pockets, had not built a sleek engine of permanent prosperity but a clown car of trades, swaps and double dares that, inevitably, fell to bits. The recession has not come from a deficit of economic knowledge, but from too much of a particular kind, a surfeit of the spirit of capitalism. The dazzle of free markets has blinded us to other ways of seeing the world. As Oscar Wilde wrote over a century ago: "Nowadays people know the price of everything and the value of nothing." Prices have revealed themselves as fickle guides: The 2008 financial collapse came in the same year as crises in food and oil, and yet we seem unable to see or value our world except through the faulty prism of markets. One thing is clear: The thinking that got us into this mess is unlikely to rescue us. It might come as some consolation to know that even some of the most respected minds have been forced to puzzle over their faulty assumptions. Perhaps the most pained admission of ignorance happened in a crowded room in front of the House Committee on Oversight and Government Reform when, on October 23, 2008, Alan Greenspan described the failure of his worldview. Palast: EXCLUSIVE: World Trade Organization risks financial 'China Syndrome'WTO STILL PARTIES LIKE IT'S 1999 Monday, November 30, 2009 GENEVA — Apparently, one meltdown isn't enough for the World Trade Organization. They meet today in Geneva on the tenth anniversary of the "Battle in Seattle," when tens of thousands of people from around the world protested the organization's practices. By admin at 11/30/2009 - 13:26 | Accountability | Civil rights | Economy | login or register to post comments | read more
Repower America Clean Energy Economy RoundtableWed, 11/18/2009 - 7:00pm SEA Solar Store, 187 New Rochester Rd (Rte 108), Dover, NH 03820 Join Repower America, the Green Alliance and members of the seacoast business community for a round table discussion on the economic benefits of clean energy.
Sarah Brown, project director for the Green Alliance, will talk about how small businesses have contributed to the growth of the seacoast green economy. Jan Pendlebury, senior field associate for the Pew Environment Group/Pew Charitable Trusts, will discuss research showing how the emerging clean energy economy has already created hundreds of thousands of jobs nationwide. Jeff Haydock of Waterline Renewable Energies will provide an overview of his company's work providing renewable energy solutions to customers across New England. The floor will be open for discussion, providing local residents and business leaders with the opportunity to share their own stories. This is a great chance to get involved in Repower America's campaign to build broad-based grassroots support for comprehensive federal clean energy and climate legislation that will create 1.7 new clean energy jobs! Countdown to Change Rally to Thank Rep Shea-Porterr for her support.Thu, 11/12/2009 - 12:00pm Rep. Shea-Porters office, 104 Washington street, Dover NH *** Rally Begins 12 Noon at 104 Washington Street*** Representative Carol Shea-Porter’s Office Thursday, November 12 Rally To Thank Rep. Carol Shea-Porter and Urge her to Keep Fighting for Real Health Care Reform Representative Shea-Porter Has Been A Staunch Supporter of Health Care Reform With A Strong Public Option; Local Residents Commit to Fight Alongside Her On Thursday, November 12th local residents will gather outside of Representative Shea-Porter’s office to thank her for standing with NH families, and against the insurance industry, by voting for health care reform with a public option in the recent House vote, and to encourage her to keep fighting for the health care reform and NH residents needs. Representative Carol Shea-Porter has been an unwavering supporter of health care reform with a strong public option, a key component of reform that will help reduce costs and expand access to health care for millions of Americans. Rally participants will also praise Senator Shaheen and urge her to keep fighting for health care reform with a public option as the Senate takes action on health care reform legislation in the coming weeks. By davholt@aol.com at 11/11/2009 - 13:23 | Action alerts | Corporations | Democrats | Economy | Health care | News | Reproductive rights | Seacoast | Volunteer | login or register to post comments | calendar
Crisis Compels Economists To Reach for New Paradigm
SOURCE:Wall Street Journal
By MARK WHITEHOUSE |
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