The truth at any cost lowers all other costs — curated by former US spy Robert David Steele.
This is a really good report by one of the most thoughtful reporters covering the Middle East and Central Asia–and below, the second story on Teamsters forcing Wall Street to back down from its predatory behavior in one instance. Chuck The Script Calls for Victory, No Matter What: The Battle for Marjah By PATRICK COCKBURN …
Continue reading “Journal: Kabuki Theater in Afghanistan and at Home”
Testimony submitted to the Senate Banking Committee, hearing on “Implications of the ‘Volcker Rules’ for Financial Stability” Thursday, February 4, 2010 Submitted by Simon Johnson, Ronald Kurtz Professor of Entrepreneurship, MIT Sloan School of Management;Senior Fellow, Peterson Institute for International Economics; and co-founder of http://www.BaselineScenario.com Phi Beta Iota: The bottom line is discussed in more …
Continue reading “Journal: Approaching Economic Disaster on Epic Scale”
He was bought an paid for by Wall Street … and now,… Chuck Robert Scheer’s Columns Wall Street Wants a Refund “Buyer’s remorse” is the way Sen. John Cornyn, the Senate Republicans’ fundraiser, gleefully refers to Wall Street moguls’ current disenchantment with the U.S. president they thought they had bought. They didn’t like it when …
The author of this article, Simon Johnson, is a highly regarded economics professor at MIT and former chief economist of the IMF. He has long argued persuasively, at least to my thinking, that the bailout of the “to-big-fail” banks in the US (and UK) did not work to solve the toxic asset problem, but merely …
Establishment Unsheathes the Long knives in Versailles??????? America: A fearsome foursome (Financial Times) By Edward Luce Financial Times Published: February 3 2010 20:09 Phi Beta Iota: The Financial Times is retarded (yes, the R-word, used with love) and has not yet caught up to the fact that required registrations are so TIRED. We provide the …
Continue reading “Journal: From Rhetoric to Reality–Four in Power”
“Mark to Market” is (or was?) an accounting standard that required financial institutions to value their assets at their current market value. Thus a stock portfolio would be valued at an amount determined by the stock market, if the stock holder sold all his assets in that market. Last Spring, when the government was contemplating …
Continue reading “Journal: Lockheed Mark to Market Pentagon Style”
Politicians love to talk about cutting taxes in order to stimulate the economy and create jobs, but do tax cuts really trigger economic growth? Let’s look at the federal government’s tax take. The attached chart portrays the portrays how each category of taxes changed as a percentage of the Federal Government’s total tax receipts since …
Continue reading “Journal: To Tax or Not to Tax–Reflections”
