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By Philip Pullella VATICAN CITY (Reuters) – The Vatican called for more regulation of markets and financial systems on Thursday, saying economic crises showed they were not able to govern themselves and needed a strong injection of morality and ethics.
Tags » Economic Crisis
Vatican says ‘amoral’ financial system needs infusion of ethics, more regulation — The Crusader Journal
We kid ourselves we’re wealthier because of capital gains on our homes but in reality our collective balance sheet is looking worse than ever.
Last week I wrote about the world’s total debt hitting a record $230 trillion. 862 more words
Capitalism is subject to ‘a long-term structural weakness’, namely ‘the technological displacement of labor by machinery. Electronicization will do to the middle class what mechanization has done to the working class, and it will do it much faster. 7,926 more words
Venezuela’s Oil Industry Leaves Polluted Legacy
In Venezuela is Lake Maracaibo, the largest lake in the South America. It covers around 13,210 square kilometres and is not actually a lake as it is connected to the Gulf of Venezuela by the Tablazo Strait. 702 more words
GUNS & BOMBS. Donald Trump's hair-raising level of debt could bring us all crashing down - Ambrose Evans-Pritchard.
If there is such a thing as a capital crime in economics, it is Donald Trump’s exorbitant fiscal stimulus at the top of the cycle. … 1,110 more words