Economics
Occupy The Dept Of Justice
by Nick Glossop on May 20, 2013
Victims of illegal foreclosures and other outraged citizens have taken their protest to the doors of the US Department of Justice today, armed with furniture as well as banners, anger and wit.
Barricades coming down, couches coming in, banks stole our homes, so we’re moving in.
For color commentary, with photos, follow Alexis Goldstein on Twitter (it might not make the TV news), or check out her story-fication of …
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Cakewalk
by Malcolm Parker on May 14, 2013
It must be Friday. Two colleagues are making rounds of the cubicles. They carry thin cardboard boxes, limply open, full of slices of spongy and creamy cake wrapped in cellophane. A friend with a camera follows. You take a piece of cake and you have your picture taken with the cake giver.
It’s the cake giver’s last day at work and this is the tradition. It’s been a few weeks …
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Cyprus Should Split (With Greece In Tow)
by Nick Glossop on March 27, 2013
…just take a look at what the Eurocrats have done: They say they will loan Cyprus €10 billion provided that the Cypriot government seizes billions in deposits from two private banks. Set aside the ethics of seizing deposits. How can Cyprus repay the loan? According to the CIA factbook Cyprus’ estimated 2012 GDP, at the official Euro exchange rate, is 22.45 billion dollars. At 1.28 dollars to the
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Advances In China’s Counterfeiting Industries
by Nick Glossop on March 27, 2013
Some retailers are buying counterfeits and mixing it in with legitimate product.
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The Bush Georges And The American Horror Closet
by Nick Glossop on March 23, 2013
The following clip may be for you if you were at all surprised that the end of the Bush W. administration did not bring about an end to the Bush wars, or the Bush war shenanigans, or Gitmo, or that the Obama presidency has shown less than zero appetite for pursuing and prosecuting Bush officials who lied, deceived, profiteered, and engaged in such war crimes as unprovoked war, attacks on …
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Cypriot Fuse To The Euro Bomb
by Nick Glossop on March 21, 2013
…or why the banks of Cyprus dare not open
More on the subject, including the Russian mafia angle, with Costas Lapavitsas after the break. …
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Richard Wolff In Excellent Form (with Bill Moyers)
by Nick Glossop on February 25, 2013
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Responsibilization And The 401K Canard
by Nick Glossop on February 22, 2013
The Personal Finance Industry Scam (or why everyone else is doing fine while you are not).
For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we’ve taken matters into our own hands, embracing the can-do attitude that if we’re smart enough, we can overcome even daunting financial obstacles. But that’s not true. In
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Post-Soviet Post-Meteor Humor
by Nick Glossop on February 20, 2013
1. Chelyabinsk before the meteor shower.
2. Chelyabinsk after the meteor shower.
h/t Alexandr Evstr…
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Big-Box Retail Unraveling
by Nick Glossop on February 20, 2013
The Era Of Giant Chain Stores Is Over — And They’ve Ruined America
The unintended consequence of [chain store] victories through the 1970s and beyond was the total destruction of local economic networks, that is, Main Streets and downtowns, in effect destroying many of their own livelihoods. Wasn’t that a bargain, though?
Despite the obvious damage now visible in the entropic desolation of every American home town, WalMart managed to
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LIBOR – The Financial Sector Rots From The Head
by Nick Glossop on February 15, 2013
I want to stress the importance of this. You see, neoliberalism and free markets, which is the mantra that we’ve been listening to and hearing for decades, pivots on the banks and the financial system. This is where it’s supposed to be free. This is the markets, these are the markets, and the institutions are supposed to be as free as possible. Well, they’re not. They’re actually managing this rate,
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