Global Economy Bursting?

[Big ole Boy]

The Great Betrayal – and the Cynicism of Calling it a Grand Bargain

http://www.nakedcapitalism.com/2012...e-cynicism-of-calling-it-a-grand-bargain.html

Obama intends to begin to unravel the safety net (Social Security, Medicare, and Medicaid) to convince the Republicans to enter into this Faustian bargain.

Randolph,

I can not believe that you actually read that article - if you did ...... well ....... no way ... you must have just posted it because of the headline ... the thing is total tripe ....

... no offense ...

 

[Terrel L. Shields]

Bill Black generally is a reasonable person but I don't follow the spin.

I do believe we can do something, do anything, or do nothing, and it doesn't matter. It is a coming trainwreck and sooner or later SS and Medicare has to change. Our creditors will require it just like the EU is requiring Greece to change.

 

[Randolph Kinney]

Technology Changing How Students Learn, Teachers Say

http://www.nytimes.com/2012/11/01/e....html?nl=todaysheadlines&emc=edit_th_20121101

There is a widespread belief among teachers that students’ constant use of digital technology is hampering their attention spans and ability to persevere in the face of challenging tasks, according to two surveys of teachers being released on Thursday.

 

[Terrel L. Shields]

students’ constant use of digital technology is hampering their attention spans and ability to persevere in the face of challenging tasks

The average person only has an 8 minute attention span the way it is...

 

[Randolph Kinney]

The free market’s slow death

http://www.goldmoney.com/gold-resea...e-free-markets-slow-death.html?gmrefcode=gata

We are far removed from free markets, or prices that are fairly agreed between parties without state intervention. It is now impossible for any business to rely on market pricing, which is why there has been explosive growth in derivatives. Every derivative exists to hedge the risk in a transaction, and while that transaction is often another derivative, ultimately they all exist to hedge risk in real business activities.

 

[Randolph Kinney]

How does the US achieve a sustained recovery if “the 99%” continues to suffer perpetual decline in real income?

http://www.sprottasset.com/markets-at-a-glance/weakness-begets-more-weakness/

Think of the difference in disposable income between a salary of $130,000 in 2009 vs. $85,000 in 2011. That’s the difference that isn’t being expressed in today’s labour statistics, but has a profound impact on consumer spending.

 

[Big ole Boy]

Japan city is so broke it puts its name up for sale

http://www.telegraph.co.uk/news/wor...ith-huge-debts-puts-its-name-up-for-sale.html

I live in the city of "Starke" ........ maybe we could sell our name and become .......?

maybe we could just change it to "Rednockopolis"

... or "ignoropolis"

..... "governmentcheeseopolis"

 

[Restrain]

How to free up gasoline, improve deliveries, and reduce price: Demonstrated today by Mayor Bloomburg and Gov Christie.

The Washington DC regulators have agreed to waive all the boutique fuels requirements to "free up the free flow of gasoline into the affected areas". Between the lines: Boutique fuels only inflate fuel costs, restrict the flow of fuel, and is a result of regulators, not science.

 

[Terrel L. Shields]

Sheila Bair said "We've followed the Japanese model..."

[url]http://www.businessweek.com/videos/2012-11-01/former-FDIC-chair-sheila-bair-on-financial-crisis[/URL] (30 min. interview with Charlie Rose)

 

[nm505]

Sheila Bair said "We've followed the Japanese model..."

[url]http://www.businessweek.com/videos/2012-11-01/former-FDIC-chair-sheila-bair-on-financial-crisis[/URL] (30 min. interview with Charlie Rose)

Excellent ...love Sheila and Charlie. If only we had listened to Sheila more.