Money floating around
economy

Religious Doubt Spreads – Free Flows of Capital Seen as Dangerous to Some

There is more evidence that the current run of religious mania about “free markets” is finally giving way to a more fact-based approach to this important human invention, many countries are now applying capital controls on the flow of monies into  their economies. The world flood of money seeking higher --->> read more -->>
No Picture
education

Education – Miseducation – Human Creativity – TED Talk by Ken Robinson

We all have had, some now enduring, experiences in the educational system. Excepting the academic super stars for whom the educational system was designed, most have at best mixed feelings about it. Here is a TED Talk given in 2006 by Ken Robinson: “Ken Robinson says schools kill creativity” It --->> read more -->>
No Picture
books

The Warmth of Other Suns – Isabel Wilkerson

Isabel Wilkerson’s book, The Warmth of Other Suns – the epic story of America’s great migration, creates  whole new planes of awareness of our history. This book startled me to a new understanding of how encompassing and pervasive the Jim Crow laws and social rules of the South really were. --->> read more -->>
No Picture
economy

The Mortgage Debacle – Redux

The current tsunami of revelations of misbehavior, if not outright criminality, by the banking industry in their pursuit of mortgages gone bad, is further evidence of how fundamentally corrupt and cynical this industry continues to be. On the front end of this global economic disaster the financial system engaged in misleading sales --->> read more -->>
economy

Krugman Asleep at the Wheel of History ….. the elite has not been interested for forty years…

The August 1st New York Times carries the latest Paul Krugman opinion piece, “Defining Prosperity Down“. He is depressed because it is dawning on him that the elite is in the process of redefining the level of structural unemployment that is normal to adjust to the significant likelihood that we --->> read more -->>
No Picture
free-market ideology

Free Markets – free? markets? – lessons not learned

“Free market” has always struck me as a rather strange phrase. Never more so than in this period of financial market disasters. The phrase ‘free market’ continues to be used reflexively. Just as commentators go right on speaking of Wall St. as a source of capital and innovation, few want to ask --->> read more -->>
No Picture
politics

Tea Party Nation – banned me for asking a few questions

Who and What Is Tea Party Nation? I generally don’t have that much interested in fringe weirdo politics. But, with the continuing eruptions on the right wing of the right wing Republican party, I thought that I might investigate. So, I became a member of the TeaPartyNation.com website. I spent --->> read more -->>
No Picture
economy

The Two Faces of Mortgage Debt – “Return to Creditor”

Return to Creditor There is an interesting headline in today’s (1/25/10) New York Times, “Huge Housing Complex in N.Y. Returned to Creditors”. This article reports that Tishman Speyer Properties and BlackRock Realty defaulted (welched?) on their debt obligations of $3 billion for their 2006 purchase of the Stuyvesant Town/Peter Cooper --->> read more -->>
economy

How Did We Come To Consider Corporations to Be Natural Persons? – What To Do Next?

This week’s decision by the US Supreme Court to allow corporations, including unions, to hold full rights to free speech and political action under the First Amendment to the Constitution once again reminds me of the strange practical and ethical relationship we have with corporations. In the 1886 ruling, Santa --->> read more -->>
No Picture
economy

Controlling Gambling by Wall St. and the Big Banks – Bad for Business?

Anti-Wall St Does Not Mean Anti-Business President Obama’s proposals to break up the “too large to fail” mega banks and otherwise reapply the Glass Steagall Act to the financial sector has predictably brought loud complaints that this is populist and anti-business. Even the rhetoric of the reporters and expert talking --->> read more -->>
empire

Remarks on President Obama’s Speech on Accepting The Nobel Peace Prize in Oslo 12/10/2009

President Obama’s speech on accepting the Nobel Peace Prize on December 10, 2009 has generally been reviewed in the US with much glow about its rhetorical heights and appreciation of its depth of thought. I did not watch Obama give this speech. Instead, I turned to the text which I --->> read more -->>
Manias,Panics,and Crashes by Kindleberger
books

Book Review: Manias, Panics, and Crashes: a history of financial crises by Kindleberger

Manias, Panics, and Crashes: a history of financial crises, fourth edition by Charles P. Kindleberger (New York: Wiley 6th edition 2011) A recent Wall St Journal article described this book as a “must read” classic for anyone involved in financial markets. I have been involved directly in financial markets in two --->> read more -->>
Secret Sentry by Mathew Aid
books

Yottabytes and the National Security State

The current New York Review of Books has an article by James Bamford, “Who’s in Big Brother’s Database” that reviews the new book by Mathew M. Aid, The Secret Sentry: The Untold History of the National Security Agency . I have gotten in line at my local library to read --->> read more -->>