Archive for the ‘economics’ Category

Trump to Meet Real Billionaires at Davos

January 12, 2018

Trump to Meet Real Billionaires at Davos

Serial bankrupt and reality-TV star Donald Trump will meet some real billionaires when he joins the global titans of business, finance, and economic policy in two weeks at the 48th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. Mr. Trump, an ethnocentric isolationist who publishes his economic policy on baseball hats, will converse with Nobel laureate economists, world leaders, and international financiers on the theme “Creating a Shared Future in a Fractured World,” which “will make a case for renewed commitment to international collaboration as a way of solving critical global challenges.” Since this is the kind of elite crowd and Globalist agenda Mr. Trump campaigned against, his presence at the Forum is baffling, especially since the Davos golf season ended in October.

The 2018 Forum is co-chaired by 7 powerful women: Sharan Burrow (General Secretary, International Trade Union Confederation), Fabiola Gianotti (Director-General, European Organization for Nuclear Research – CERN), Isabelle Kocher (CEO of French multinational electric utility company ENGIE), Christine Lagarde (Managing Director, International Monetary Fund — IMF), Ginni Rometty (Chairman, President and CEO, IBM Corporation), Chetna Sinha (Founder and President, Mann Deshi Mahila Bank and Mann Deshi Foundation), and Erna Solberg (Prime Minister of Norway). Mr. Trump’s last meeting with women of so many nations involved a swimsuit competition, and didn’t have a code of conduct.

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Mar-A-Lago Weekends Are ‘Part Of Being President’

March 23, 2017


Spending weekends at a private Florida club is “part of being president,” according to White House spokescreature Sean Spicer. Each weekend of presidential golf and steaks with ketchup at Mar-a-Lago is said to cost U.S. taxpayers about $3 million. For what Trump’s trips have cost to date, Meals on Wheels could feed 5,967 seniors for a year.

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The Greatest Invention

March 21, 2017

What was the greatest invention of the industrial revolution? Hans Rosling makes the case for the washing machine.

“Thank you, industrialization. Thank you, steel mill. And thank you, chemical processing industry that gave us time to read books.”

Related:

“Hans Rosling, statistician and sword-swallower, has died,” The Economist

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Value vs Profit

February 27, 2017

“The Greatest Economics Lesson, a short film by Taylor Erickson.

More:

“This Short Film Explains Why Businesses Should Maximize Value Over Profit,” Edwin Rios, Mother Jones

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Small Business Saturday. Shop Local.

November 26, 2016

Small Business Saturday. Shop Local.

Yesterday, on “Black Friday,” millions of Americans spent billions of dollars with the multi-national corporations that sell imported products in U.S. shopping malls. Some of us resisted this retail feeding frenzy and bought nothing. Today people from both camps will buy local, shopping with neighborhood shops on Small Business Saturday.

$100 spent with local businesses returns $68 to the community vs. $43 spent at big box stores. So think outside the big box and shop local. The Small Business Saturday campaign was started in 2010 by American Express, but your local shopkeepers will really thank you if you pay cash and leave your Amex card at home (shops have to pay Amex swipe fees).

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Big Savings!

November 25, 2016

Big Savings!

The Friday after Thanksgiving or ”Black Friday“ is reserved by global corporations for whipping Americans into a frenzy of over-consumption.  Millions camp out and line up for hours hoping for bargains. Most end up buying things they don’t need at prices they can’t afford.

Save big today. Don’t buy a single thing. If you want to spend something, spend the day with friends and family. Spend time at the library; borrow a book and spend time reading it. Spend time making something. You’re not what you buy. You’re not a “consumer.” You’re a human being.

More:

“Buy Nothing Day,” AdBusters

“Buy Nothing Day,” Wikipedia, the free encyclopedia

“The scientific explanation of why people kill each other over TVs on Black Friday,” Laurence Ashworth, Reuters

“5 Great Reasons to Celebrate International Buy Nothing Day Instead of Black Friday,” Amy Mendosa, TIME

“Anti-Black Friday Movements Gain Traction With Patagonia Clothing Swap,” Meagan Clark, International Business Times

“A Brief History of Black Friday,” Ethan Trex, Mental Floss

“Annual ‘Buy Nothing Day Winter Coat Exchange’ bucks consumerism,” Michelle R. Smith, AP via Providence Journal

“Great Ways to Spend Black Friday Not at the Mall,” Brad Tuttle,CNN Money

“Fight Black Friday by joining a Buy Nothing group,” Lisa Hyma,Grist

“Websites promote Buy Nothing Day,” Kevin O’Neil, Scranton Times-Tribune

“Buy Nothing Day 2014: Black Friday Anti-Consumerism Backlash Facts and History,” Lydia Smith, International Business Times

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Gender Pay Gap To Be Closed in Only 170 Years

November 1, 2016

Gender Pay Gap To Be Closed in Only 170 Years

Women are expected to earn as much as men as early as January 2196, reports the World Economic Forum. WEF is the organization behind that annual gathering of radical populists at Davos.

The global gender pay gap has widened since 2015, when it was expected to close in 118 years. The United States has fallen in the rankings in the past year, from 23rd to 45th place in gender wage equality.

Download the report here.

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Top image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Economics

September 28, 2016

Dr. Ha-Joon Chang explains why you can (and should) “arm yourself with some facts” about economics. His address to the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) can be seen in full here, but the animated excerpt above is even more fun.

Illustrator: Andrew Park of Cognitive Media for RSA Animate.

Related:

Ha-Joon Chang website

RSA Citizens’ Economic Council

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The Gender Wage Gap

September 9, 2016

The Gender Wage Gap

“Women earn 79 cents for every dollar a man makes.”  Factually correct, but that doesn’t reflect the complexity of the problem. Sarah Kliff explains:

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Dr. King on the Roots of Economic Inequality

January 18, 2016

Dr. King on the Roots of Economic Inequality

Martin Luther King Jr. and the Southern Christian Leadership Conference (SCLC) planned a Poor People’s Campaign for May 1968 to demand jobs, unemployment insurance, a fair minimum wage, affordable housing, and education for poor adults and children, an Economic Bill of Rights. The effort was to involve poor people of all races from all parts of the country, urban and rural, but the historical roots of racial economic disparity could not be ignored:

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