Tags » Economy And Business

It's not just Wall Street

It’s not just the USA that allows bankers and financiers to break the law and get away with it.   Or regards the largest financial institutions as “too big to fail”. 309 more words

Economy And Business

The claim that off-shoring lowers costs

Yves Smith wrote on her naked capitalism blog:

… … The claim that outsourcing and off-shoring lower costs is greatly exaggerated.

Off-shoring and outsourcing … … do lower direct factor and lower-level worker costs.

317 more words
Economy And Business

How Apple undermined the US economy

I’ve always bought Ford and General Motors cars, partly because I wanted to support jobs for my fellow Americans.

As Abraham Lincoln reportedly put it, “When I buy a shirt from England, I get a shirt and England gets a dollar.  350 more words

Economy And Business

Another stock market bubble ready to pop?

Why are stock prices rising while the real economy is doing so badly?

Answer: Stock buybacks.

Mike Whitney, writing for Counterpunch, explains how corporate CEOs keep their stock prices high even when their sales and profits are lagging by borrowing money and buying back stock. 173 more words

Economy And Business

Debating the TPP: links to the pros and cons

I’m strongly against the proposed Trans Pacific Partnership agreement and the fast track proposal for approving it, based on what I know of both.

I write this even though I admit I don’t know what will be in the TPP when it is finally submitted to Congress.  1,098 more words

Economy And Business

A graph showing what went wrong with the U.S.

This chart shows the average annual income, year by year, of the bottom 90 percent of income earners (top to bottom scale) and upper 1 percent of income earners (left to right scale). 122 more words

Economy And Business

Poor nations and the new world order

One of the things I’ve come to realize in recent years is that institutions exist that constitute a kind of world government.

I always thought that for a world government to exist, it would have to have its own army.  1,215 more words

Economy And Business