You are here

Economics

Video - The Israëli Awakening?!

submitted by Theresa Bernardo

YouTube - uploaded by jeaunkes - August 3, 2011

An Israeli girl starts a peaceful protest of the high cost of living, with Facebook and a tent.

http://www.youtube.com/watch?feature=player_embedded&v=Yj-Uo5mpAD0

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Apple Pips Exxon as World's Biggest Company

 guardian.co.uk - August 9, 2011

      

Apple chief Steve Jobs unveils the second generation iPad. Sales of the tablet last quarter were three times the sales in its first three months. Photograph: Kimihiro Hoshino/AFP/Getty Images

Stock market turmoil in Wall Street has helped Apple pip oil group Exxon to become the world's most valuable company.

The tech company has been closing in on Exxon for some time and was "just" $50bn (£30bn) away from taking the lead when it reported yet another quarter of record-breaking earnings on 19 July.

As the US stock markets bounced back from last week's crash the tech firm overtook Exxon with a market value of $337bn compared to ExxonMobil's $334bn. Exxon could easily slip back into the lead if the recent fears for the global economy subside but the gap is so close that the two look certain to be battling it out for some time.

Country / Region Tags: 
Problem, Solution, SitRep, or ?: 

Conference Invitation: The Equation of Sustainability, Climate Change and Economics

From: Intl Conference <***@***.***>

                                                      

Subject: The Equation of Sustainability and Economics

 

Dear colleagues 

Country / Region Tags: 
General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Poverty Rate In U.S. Saw Record Increase In 2009: 1 In 7 Americans Are Poor

Why is it that Americans are discovering that the U.S. now has the largest increase in poverty in more than a half a century under the administration of a U.S. president that may be one of the most sympathetic to the needs of the middle class and the poor of all presidents during this period? One answer might be that it reflects a long tail of a previous president due to the engagement of elective wars with poor outcomes and disastrous tax and social policies. This will most likely be at the heart of the political rhetoric of the Democratic party during the the 2010 mid-term and 2012 presidential election. However, there may be a deeper truth, which our national leadership and the American public is missing, or is unwilling to speak about. American society has deep structural problems from long-standing policies and socio-poliical behaviors stemming back to the early 1980s and before, that have aggregated into disastrous unsustainable, yet well entrenched, societal patterns. The key question is "When will the sociopolitical climate be ripe for political leadership to emerge that can speak honestly with the American public about the federal debt?

Alan Greenspan: Extending Bush Tax Cuts Without Paying For Them Could Be 'Disastrous'

Former Fed Chairman Alan Greenspan said that the push by congressional Republicans to extend the Bush tax cuts without offsetting the costs elsewhere could end up being "disastrous" for the economy. In an interview on NBC's "Meet the Press," Greenspan expressed his disagreement with the conservative argument that tax cuts essentially pay for themselves by generating revenue and productivity among recipients. "They do not," said Greenspan. For more information: http://www.huffingtonpost.com/2010/08/01/alan-greenspan-extending_n_666549.html

David Stockman: Four Deformations of the Apocalypse

In a rare OpEd in the New York Times, David Stockman, former Republican Office of Management and Budget Director under the Reagan Administration, lambasts the Republican party for its irresponsible stand on maintaining the Bush tax cuts during a time of ballooning Federal deficit. -- An important read. By DAVID STOCKMAN Published: July 31, 2010 IF there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation’s public debt — if honestly reckoned to include municipal bonds and the $7 trillion of new deficits baked into the cake through 2015 — will soon reach $18 trillion. That’s a Greece-scale 120 percent of gross domestic product, and fairly screams out for austerity and sacrifice. It is therefore unseemly for the Senate minority leader, Mitch McConnell, to insist that the nation’s wealthiest taxpayers be spared even a three-percentage-point rate increase. More fundamentally, Mr. McConnell’s stand puts the lie to the Republican pretense that its new monetarist and supply-side doctrines are rooted in its traditional financial philosophy. Republicans used to believe that prosperity depended upon the regular balancing of accounts — in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses, too.

Economic Recovery

The mission of this working group is to explore the issues regarding economic downturn and recovery. It will discuss the impact on American and their communities domestically and overseas. It will also explore social crises associated with economic downturn and the impact on vulnerable populations globally.

General Topic Tags: 
Problem, Solution, SitRep, or ?: 

Pages

Subscribe to Economics
howdy folks