Tag Archives: Business

Global Debt (Recession)

19 Oct
European penny drops as more banks need more bailouts while the public debt clock ticks up to $40 trillion.  

 

View the global debt clock here: http://www.economist.com/content/global_debt_clock

 

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for all (or almost all) government debts in dollar terms.

Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have.

BofA $5 fee

30 Sep
Rough Draft:
Credit Union is the way to go definitely. Many people don’t know they exist, just found out about them recently:( BofA made $5 fee to make up for swipe fees. They didn’t get it, the we the people don’t want these fees, we can’t afford them in this economy. BofA is laying      off to save some money, didn’t that make for part of swipe fee, no you still want to steal more. Boycott and take you money of from BofA and CHASE and Wells Fargo. They are all the same join you local bank and credit union. Do a google search there is bound to be a small bank in you area.
#occupywallstreet much love to you earthling reading this.

Something is *very* wrong here.

31 Aug
Something is *very* wrong here: CEOs are getting paid more than their entire effin’ company pays in taxes.
That’s why we wanted you to be the very first to see the brand-new newsmaking infographic that we’re doing with US Uncut and the Institute for Policy Studies. 

How big is this new Report on CEO pay? Well, it just made the New York Times website. And the Washinton Post. And Bloomberg. And POLITICO. And that’s all *before* the official release or press conference.
So, help us spread the infographic further – click here to share it on Facebook, and click here to Tweet it.
Here’s the infographic we’re sharing with the world: 


Thank you so much for making this movement real. 

Best,
Andrew Boyd, The Other 98%

Meet the new American sweatshop

31 Aug
Click here to help fight back

Watch the Video | Share on Facebook | Inform A Friend!

Dear ISMAEL,

Carwash workers across the country are routinely abused, intimidated and exploited. They are subjected to obscene labor abuses and health hazardous conditions. Car wash workers are the face of the new American sweatshop.

Share the video on your Facebook wall today. Your friends and family need to be aware of these conditions before their next car wash!

Don’t turn a blind eye to the abuse and the exploitation. Carwash workers, routinely subjected to health and safety hazards, often end up with severe kidney damage, respiratory problems and nerve deterioration. You can stop this.

We need your help in exposing this travesty. Have you seen similar conditions at your local carwash? Post it today on our page – thousands will be able to read and follow your lead!

Yours,
Axel Caballero and the Cuéntame team

P.S. I invite you to join our Cuéntame page on Facebook and follow Cuéntame on Twitter.


Untitled

21 May


The question that’s raised by politicians is: How much will a project cost? The question is not: How much will it cost?, but: Do we have the resources? And we have the resources today to house everyone, build hospitals all over the world, build schools all over the world, the finest equipment in labs for teaching and doing medical research. So you see, we have all that, but we’re in a monetary system, and in a monetary system there’s profit.

 

And what is the fundamental mechanism that drives the profit system besides self-interest? What is it exactly that maintains that competitive edge at it’s core?

Is it high efficiency and sustainability? No. That isn’t part of their design. Nothing produced in our profit based society is even remotely sustainable or efficient. If it was, there wouldn’t be a multi-million dollar a year service industry for automobiles. Nor would the average lifespan for electronics be less than three months before they’re obsolete.

Is it abundance? Absolutely not. Abundance, as based on the laws of supply and demand, is actually a negative thing. If a diamond company finds ten times the usual amount of diamonds during their mining, it means the supply of diamonds has increased, which means the cost and profit per diamond drops.

The fact is; efficiency, sustainability, and abundance are the enemies of profit. To put it into a word, it is the mechanism of scarcity that increases profits.

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