"People need to work a bit harder ... and they should be more innovative," Jin Liqun, the Chairman of China's SWF, tells the U.K.'s Channel 4 news. The "root cause of the eurocrisis is ... overburdened and sloth-inducing, indolence-inducing labor laws." As for the banks: "very attractive ... (if) there are no black holes." [View news story]
How predictable. Just shows you just how unimaginative and destructive these bank CEOs are.
Those who think the entitlement needs of Japan's aging population will spawn a fiscal crisis have things backwards, argues Joe Weisenthal. Older Japanese will vote for "policies that favor cash and fixed income," and their savings will help make this goal a reality. Weisenthal adds the recent performance of the yen and Japanese bonds bear his thesis out. [View news story]
Joe Weisenthal apparently does not worship at the temple of the Great God of Immigration, Youth, and Perpetual Growth which holds in his right hand the mace of Ageism and in his left the sceptre of Economic Torpitude.
Most Of Our Problem, Still, Is That We Have A Dead Battery: Felix Salmon Is Wrong Edition [View article]
Structural unemployment is largely mythical. But here is something we could do which might result in greater employment efficiency. We should take action against companies who (I say "who" rather than "that" now since corporations are treated as individuals) advertise positions they don't have. It is a tremendous waste of hundreds of thousands of man hours when applicants take the time and effort to tailor letters and resumes just to be disappointed because there was no job to begin with. This pernicious practice must end. Another example of corporate irresponsibility and parasitism.
Amusing reading: see Jan 3, 2011's "5 Copper ETFs Poised For Growth In 2011." Especially savor the second paragraph, the part that begins with "According the the International Copper Study Group..."
The authors' assertions rest on assumptions that are totally untested. It asserts the inevitability of globalization as a monolithic force that no one could resist. This is in fact not true; there were active players, especially in the corporate area, that bought the influence they needed to make the programs happen that marginalized American workers. Basically, like the bailouts, this program of globalization was pushed through, like the bank bailouts, against the approval of the American public, who would rather have voted for Main Street in both instances. However, the little guy had no vote on either of these matters. Rather than dazedly pondering the inevitability of globalization, Americans should focus on how the money has been spent, to their detriment, and learning the lessons of its brutal and oppressive past. Where has the money gone? The United States decided to put its capital into waging war out of a sense of wounded pride, and in its rage has proceeded to destroy itself. It is "eating its own young" in the process of chasing the chimera of empire. Trillions that could have been spent on education and new jobs through infrastructure were thrown away into a useless and wasteful war. Now we have billionaire hedge-fund operators CEOs and right wing pundits telling the rest of us we can’t tax them because they create jobs. Where are the jobs? They’re sitting on the biggest pile of corporate profits in history; all of it uselessly resting in the wrong pockets. Untold trillions in national wealth have been the result of WPA era building projects. A new WPA is needed to rebuild the same infrastructure. The author shoudl be afraid of "single points of control" creates monolithic forces which, like the Fed, can only do harm by shunting more wealth into anti-competitive practices in the service of the oligarchs, like forcing taxpayers to maintain TBTF corporations. Single control points are not necessarily good, because they generally serve to decrease healthy financial ecodiversity. The Chinese have a saying: "Clean your own house first." If the US can clean up its act it may still maintain its power position. So far, it has yet to do so.
According to Jesse Rothstein, a University of California, Berkeley economist, unemployment insurance nudged the jobless rate up 0.2 to 0.6 of a percentage point higher than it would have been otherwise. A half a percent or so is not insignficant, but perhaps it could be argued that unemployment benefits allow and encourage people to find jobs more suitable to their skills and interests than in the absence of unemployment benefits, which in turn could contribute to more efficient labor deployment, lower turnover, and higher levels of job satisfcation.
Battle Of The Brands Match-Up 1: Pepsi Vs. Coca-Cola [View article]
From the consumer side: a liter of no-name cola at .88 is better than Pepsi at 1.29 or Coke at 1.59. Why, you ask? Well, you might notice the difference in flavor on the first or second whiskey and cola after a hard day at the salt mines, but on the third or fourth nasty corny syrupy drink you might think about how happy and smart you are to save around 50% on soda. Math be damned, it all barfs up about the same anyway.
Jeff Bezos proved the importance of the dot.com marketshare concept. What is different now? Perhaps the "end of the day" analogy is precisely the point: whose day? Amazon sales volume is not being seriously threatened by competitors at this point.
Stuck On Johnson & Johnson Despite Consumer Products Recalls [View article]
It confirms what I think about America, that it is rapidly becoming a third world country. When even its "quality" companies are offering tainted products like some second-rate mom and pop shop, and the highly paid executive management is out of touch, hiding behind their desks, or pretending not to notice. If earnings take a big hit next quarter it may just take a huge chunk out of JNJs hide. Maybe a more honest and hungry pharma can step in and fill its shoes. When CEOs need a "vision" for getting through recalls and accusations of neglect, it tells you something about the once great JNJ and the state of American corporate culture.
Everything Sony Touches Turns To Mediocrity [View article]
Sony is sorry ass in many respects, yes, and it is a shame so many very talented Japanese work for them! Poor Japan--Still suffering from the same Patriarchy Good complex
5 Explosive Dividend Stocks for a Weak Economy [View article]
"...a unique web platform that scans the stock market for consistency "in the movements of fundamental and/or technical metrics..." FORGET ABout this TURKEY!!
"People need to work a bit harder ... and they should be more innovative," Jin Liqun, the Chairman of China's SWF, tells the U.K.'s Channel 4 news. The "root cause of the eurocrisis is ... overburdened and sloth-inducing, indolence-inducing labor laws." As for the banks: "very attractive ... (if) there are no black holes." [View news story]
Those who think the entitlement needs of Japan's aging population will spawn a fiscal crisis have things backwards, argues Joe Weisenthal. Older Japanese will vote for "policies that favor cash and fixed income," and their savings will help make this goal a reality. Weisenthal adds the recent performance of the yen and Japanese bonds bear his thesis out. [View news story]
Economic Torpitude.
Most Of Our Problem, Still, Is That We Have A Dead Battery: Felix Salmon Is Wrong Edition [View article]
Q3 A Horror Show For Commodities [View article]
What's Behind Our Economic Problems, Market Volatility? [View article]
It's Still All About Europe [View article]
Battle Of The Brands Match-Up 1: Pepsi Vs. Coca-Cola [View article]
Amazon: The Juiciest Of All Shorts [View article]
Treasury Report Brings Barclays 20 Year Treasury Bond ETF Into Focus [View article]
Stuck On Johnson & Johnson Despite Consumer Products Recalls [View article]
Everything Sony Touches Turns To Mediocrity [View article]
Everything Sony Touches Turns To Mediocrity [View article]
5 Stocks Ready to Take Off [View article]
5 Stocks Ready to Turn Around [View article]
NO~!!
All wrong... run by a bunch of Indian boneheads.
5 Explosive Dividend Stocks for a Weak Economy [View article]
FORGET ABout this TURKEY!!