Archive for the ‘economics’ Category

Economics: John Maynard Keynes

May 17, 2018

John Maynard Keynes proposed the idea that governments should stimulate demand during economic downturns, and was was the creator of the IMF and the World Bank. Learn more in this video by The School of Life.

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Landlords

April 19, 2018

The UK insurance firm HomeProject announced the “Landlord of the Year” last Monday. Rhik Samadder opines:

“Landlord of the year. Lol! Rofbhawuild! (Rolling on the floor, banging my head against the wall until I lose my deposit.) Who is it going to be? One who lets you have a pet? Some of my friends are landlords, and I’m sorry to say it, but they are going straight to hell too. Imagine how satisfyingly overcrowded the underworld must be with landlords; partitioning the seventh circle into seven more circles, charging each other extra for underfloor heating. The best thing you can say about them is that they are better than letting agents. But that’s like giving Stalin a humanitarian award for massacring fewer people than Genghis Khan. The fact is, they’re all rogue. Whether your landlord is a genial profiteer or an actual psychopath is the luck of the draw. Anyone can be one, if they have made enough money or inherited property, and those are two of the worst qualifications imaginable. Like anyone who thrives off the housing crisis, they are social parasites.”

Rhik Samadder, “Landlords are social parasites. They’re the last people we should be honouring,” The Guardian

Video: “Dear Landlord,” written by Bob Dylan, performed by Joe Cocker.

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Greed

February 14, 2018

“Charlie Chaplin on Greed,” by Korbinian Blendl and Marco Bader.

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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 womenSharan 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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