Germany, France May Hurt AAA Ratings in 'Ponzi Game'
Source: Business Week
Germany and France are among top- rated euro-area states that may compromise their AAA grades by standing behind the debts of weaker members with their 750 billion-euro ($955 billion) stabilization fund.
"Fear the Boom and Bust" a Keynesian economics rap ( a must see! )
Source: YouTube
This for me is hands down the most clever way to use rap to get intelligent information and a point across. You got to check it out. For any of you guys up on the economy and this nation your going to like this. This perhaps is probably the only intellegent rap I've heard. :)
Money from Nothing
Source: YES! Magazine
The way money is created and issued, who creates it and in what form—as debt or debt-free, in one currency or another—largely determines whether a financial system works fairly and efficiently or not.
Debt is Not Money – and Must Be Regulated
Source: Common Dreams
Over the past three decades - largely since Reagan - debt (both private and public/government) has expanded much more rapidly than the economy has grown.
The killing-fields of inequality
Source: opendemocracy
There are at least three quite different kinds of inequality, and they are all destructive of human lives and of human societies.
Economists Appraise Bhutan's Happiness Model
Source: t r u t h o u t
Thimphu, Bhutan - In the thick of a global financial crisis, many economists have come to this Himalayan kingdom to study a unique economic policy called Gross National Happiness, based on Buddhist principles.
In Defense of Detroit
Source: Newsweek
Why not just let General Motors, and perhaps Ford and Chrysler, just go bankrupt? Even as auto industry executives and their political allies clamor for a bailout, the anti-bailout chorus is growing louder.
OPINION: G20 Should Build a Green Economy
Source: WorldWatch Institute
When leaders of the 20 largest economies gather in Washington this week, a centerpiece of their deliberations should be a Global Green Deal that capitalizes on the current economic crisis to build economically and environmentally sustainable economies.
While the West axes jobs, Asia cuts pay. Cultural divide?
Source: Yahoo! News
From bankers to factory staff, workers in the West face the bleak prospect of losing their jobs as a global recession starts to bite. For colleagues in the East, the pain is more likely to come through a pay cut.
Euro fever sweeps through Scandinavia as currencies dive
Source: Independent.co.uk
The Danish and Swedish governments have begun preparing the ground for referendums on joining the euro, as part of a huge political reversal across Europe's northern fringes in favour of the single currency.
The Price of Beer in China
Source: The Economist
IS SURPRISINGLY low, according to PintPrice.com—only $2.46 per pint. Expect to see joy on the faces of Norwegians at the Olympics, then; they're used to paying almost $12 for the stuff.
Gulf States Help Bankroll U.S. Debt
Source: CBS News
This is great! We spend a fortune buying oil from Kuwait, they take the profits and buy US Debt as a long term investment. I have an even better long term investment for the USA.
Schools Are Trying to Ban Candy. Good Luck!
Source: Slate
My school used to offer two varieties of food. There was cafeteria food, which was inedible, and there were chocolate bars from the snack shop. For two years, I had four chocolate bars for lunch every day.