Relevant and even prescient commentary on news, politics and the economy.

In the words of a founder

Thomas Jefferson wrote a dire warning about banks and debt: ‘If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up […]

Feisty one lays it on the line to Americans

“When you’re up to your eyeballs in alligators, it’s hard to remember that you came to drain the swamp.” As an anti-war crazy left wingnut, I suggest we look further abroad than our own noses for the Swampthing, the movie version actually being a love story and not a horror movie. Hat tip to Tom […]

Slavery in my backyard and a thousand points of light

Local slaves from Mexico, Russia, and… (At the lecture) Coonan also said that it’s happening within the Chinese community as well, with traffickers promising young women a better life in America. According to Coonan, in nearby Quincy, a Chinese restaurant has Hispanic women working there and living in a small shed behind the restaurant. Many […]

Ownership society and taking responsibility for performance

This NYT article reports on new structuring of ownership of nursing home chains by private equity funds. Habana is one of thousands of nursing homes across the nation that large Wall Street investment companies have bought or agreed to acquire in recent years.Those investors include prominent private equity firms like Warburg Pincus and the Carlyle […]

Correct wringing of hands

Do you remember that silly men’s room hand washing post cactus posted a while ago? I could hardly believe this video on WebMD. You never know what might stick in your mind from reading Angry Bear! Update:What’s the difference between government bonds and men? Bonds mature.(Now this makes the post legit.)

Currency and regional partnerships

Malaysia unpegs the ringgit from the US dollar The bank said the current valuation of the ringgit is consistent with the country’s economic fundamentals and takes into consideration “developments in our trading partner countries” — an apparent reference to China.Malaysian had insisted previously that it is not working with China on changes to their currency […]

WTO GATS and strategies of regional hubs Part 1

Now India is outsourcing outsourcing. One of the constants of the global economy has been companies moving tasks – and jobs – to India, where they could be done at lower cost. But rising wages for programmers here, a strengthening currency and companies’ need for workers in their clients’ time zones or for workers who […]

Canada, Canada

🙂 Canadian reserves make mouths water: When the U.S. Department of Energy formally acknowledged these reserves in 2003, it vaulted Canada’s oil reserves from 21st to 2nd in the world, behind only Saudi Arabia. It’s little wonder then that the U.S. Energy Policy Development Group has described the tar sands as “a pillar of sustained […]

Dangerous surpluses

Alan Greenspan and Naomi Klein discuss recent economic history in this interview: I changed my mind in 2002 and 2003, largely because the whole notion of which fundamentally got me in favor of significant tax cuts without offsetting expenditures was a very special event which probably had not occurred in the United States for 150 […]