Tuesday, June 26, 2012
Bank for International Settlements on Big Banks
The shadow-banking component that adds to the risk of non-regulatory oversight just deepens the mystery
behind the most powerful banking institution that runs roughshod over global finance. In order to gain an insight into the
complexity of deception, examine the function of the BIS. The granddaddy of all central banks, the Bank for International
Settlement, latest BIS Annual Report 2011/2012, foretells future financial consolidation.
Read the entire article
8:38 am edt
Tuesday, June 19, 2012
Immigration Hurts American Employment
Facts mean very little in any debate about immigration north of the Rio Grande. One such example comes from a bastion
of journalism, the Daily Beast. Arian Campo-Flores in an article, Why Americans Think (Wrongly) That Illegal Immigrants Hurt
the Economy, cites an economist, Gordon Hanson in a 2005 paper. Read the entire article
7:06 am edt
Tuesday, June 12, 2012
Unemployment as a Lifestyle
All one hears is that the lack of jobs is the number one economic problem. Well documented are endless examples of systemic
destruction in employment opportunities. The negative consequences of off shoring corporate jobs are undeniable. Up until
now, the little attention placed on the psychological mindsets that build the structural impediments for a healthy main street
economy, keep a serious discussion on jobs, just going in circles. Read the entire article
8:28 am edt
Tuesday, June 5, 2012
Advantages of Chinese Trade Policy
"The Chinese may take risks far more than average Americans do, thanks to advice from traditional proverbs."
The saying "At a good bargain, think twice" is pretty risk-averse. On the other hand, a typical Chinese proverb
such as "Seize an opportunity and make good use of it" shows how risk-taking is ingrained in Chinese culture. Read the entire article
8:59 am edt
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