Inequality has many sources, but political and technological dynamics are key factors.
by Charles Hugh Smith, Of Two Minds:
You may have seen this video on Wealth Inequality in America, which has gone viral. I have shown the same data for years in charts and discussed it at great length: Made in U.S.A.: Wealth Inequality (July 15, 2011).
The bottom 80% of American households held a mere 7% of these financial assets, while the top 1% held [...]
Geopolitical Risk in 2013
from Zero Hedge:
In a post-financial crisis world, the lack of viable international leadership is potentially troubling. In 2013, the WEF believes, this breakdown of international coordination will go increasingly local: in such a world, governments will focus more on their domestic agendas, which will create new risks in and of itself. Most importantly, the growing vulnerability of elites makes effective public and private leadership that much more difficult to sustain. Leaders [...]
from FT:
It is easier to make money than sense out of China’s banks. These big four state-owned commercial banks are huge profit centres, but many who see vulnerabilities in China’s economy think that these banks are the problem when they actually reflect symptoms of distortions elsewhere. China’s banks are in fact too secure – and their performance could be improved by strengthening competition and breaking up the “too big to [...]
The UN right now is in the process of attempting to take control and censor our internet.
This latest attack on our freedoms by the UN could see our privacy end and enforce all forms of censorship and controls on us.
Dont tollerate this attack on your lives and freedoms.
They do not have any right to be doing this to us.
Stop this NOW.
Send this mesage LOUD and CLEAR to the UN to [...]
From Economic Policy Journal:
“People don’t pay attention until cities talk about bankruptcy, but by then the frog has already been boiled to death.” So says David Crane, a lecturer in the Public Policy Program at Stanford University who is president of the advocacy group Govern for California and a member of the Volcker-Ravitch State Budget Crisis Task Force, writes Mark Funkhouser at Governing Magazine.
Here’s Funkhouser reporting on an interview with [...]
The House unanimously approved a resolution on Thursday urging the Obama administration to fight efforts to give a United Nations agency more control over the Internet.
Proposals to give the UN’s International Telecommunication Union (ITU) more control over the governance of the Internet could come up at a conference in Dubai in December. The move is reportedly backed by China, Russia, Brazil, India and other U.N. members.
The Obama administration has already [...]
CHARLES HUGH SMITH
Perhaps all the assumptions about inflation being good and deflation being bad miss the key question: cui bono (to whose benefit?)
One of the most widely accepted truisms of our time is that deflation is bad: bad for debtors, bad for the indebted government, and therefore bad for the economy.
What all this overlooks is how wonderful mild deflation is for those who owe no debt but who own the debt [...]
NEW YORK (Reuters) – About six years ago, an army of agents hired by energy companies started desperately courting landowners across the United States whose farms and ranches happened to sit atop some of the richest oil and gas deposits in the world. And so began one of the biggest land grabs in recent memory.
Those days are over.
U.S. energy titan Chesapeake Energy is quickly cutting back on an aggressive land-leasing [...]
When Congress won’t do what he wants, he ignores it and acts anyway.
The ObamaCare litigation is history, with the president’s takeover of the health sector deemed constitutional. Now we can focus on the rest of the Obama imperial presidency.
when Mr. Obama wants a new program and Congress won’t give it to him, he creates it regardless. Congress, including Democrats, wouldn’t pass his cap-and-trade legislation. His Environmental Protection Agency is now [...]
House lawmakers will consider an international proposal next week to give the United Nations more control over the Internet.
The proposal is backed by China, Russia, Brazil, India and other UN members, and would give the UN’s International Telecommunication Union (ITU) more control over the governance of the Internet.
It’s an unpopular idea with lawmakers on both sides of the aisle in Congress, and officials with the Obama administration have also criticized [...]
via The hill:
House lawmakers will consider an international proposal next week to give the United Nations more control over the Internet.
The proposal is backed by China, Russia, Brazil, India and other UN members, and would give the UN’s International Telecommunication Union (ITU) more control over the governance of the Internet.
It’s an unpopular idea with lawmakers on both sides of the aisle in Congress, and officials with the Obama administration have [...]
Hot on the heels of President Subprime McDowngrade’s visit to Ohio — during which he attempted to take credit for Gov. John Kasich’s stunningly successful fiscal record — comes the obvious question from a reporter. Obvious, that is, if you’re a liberal Statist hack.
The governor’s reaction is priceless.
http://directorblue.blogspot.com/2012/04/ohio-governor-reacts-appropriately-to.html
Over the course of the past year, fiscal conservatives — led by Kasich — eliminated an $8 billion shortfall in Ohio’s budget. How [...]
by Doug Casey of Casey Research
The Ascendence Of Sociopaths In US Governance
An International Man lives and does business wherever he finds conditions most advantageous, regardless of arbitrary borders. He’s diversified globally, with passports from multiple countries, assets in several jurisdictions and his residence in yet another. He doesn’t depend absolutely on any country and regards all of them as competitors for his capital and expertise.
Living as an international man used to [...]
RT
United States presidential contender Ron Paul has warned that his country is slipping into a twenty-first century fascist system with a broke government ruled by big business. RT asked some experts whether they agree.
Speaking to supporters in Kansas City, the Republican candidate said Americans’ individual liberties were being stripped away.
And, as Houston-based author Anis Shivani says, Paul is “the only candidate on the Republican side who is talking about the loss of [...]
Infowars.com
January 22, 2012
Mike Adams talks with regular Friday guest Bob Chapman of the International Forecaster about Ron Paul, Economy, NDAA & more.
All that bluster in recent months from Bank of America about how it’s totally fine and everyone who says it isn’t is full of it?
A crock.
Bank of America, it turns out, has been operating under an informal “memorandum of understanding” with its regulators for the past two years.
This “memorandum of understanding” requires the company to fix various governance, risk, and liquidity problems, Dan Fitzpatrick of the Wall Street Journal reports.
And Bank [...]
(Reuters) – U.S. regulators have informed Bank of America’s (BAC.N) board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank, the Wall Street Journal said, citing people familiar with the situation.
BofA has been operating under a memorandum of understanding since May 2009. The memorandum, which is not public, identified governance, risk and liquidity management as problems that had [...]
California has 760 new laws, mostly bad
Taxpayers, parents, nonunion markets, gun owners among those disfavored by governor
October 17, 2011 1:14 PM
The Orange County Register
In Sacramento’s annual ritual of last-minute governance, Gov. Jerry Brown signed a flurry of bills before Sunday’s deadline — most of them unnecessary, many harmful, with few exceptions. In total this session, the governor signed 760 bills, vetoing 128. Most Californians probably didn’t realize they needed 760 [...]
This story is the first in a weeklong series on Gallup.com on Americans’ views on the role and performance of government.
PRINCETON, NJ — A record-high 81% of Americans are dissatisfied with the way the country is being governed, adding to negativity that has been building over the past 10 years.
Majorities of Democrats (65%) and Republicans (92%) are dissatisfied with the nation’s governance. This perhaps reflects the shared [...]
Oil price reporting agencies Platts and Argus are under scrutiny over their governance and transparency as part of a G20 investigation into commodity speculation.
http://www.telegraph.co.uk/finance/oilprices/8472566/G20-investigates-agencies-over-oil-price-transparency.html
by Charles Hugh Smith from Of Two Minds
You Want Small Business to Start Hiring? Here’s What To Do
To incentivize small business, we have to fix the structural imbalances in the U.S. economy.
Everyone wants to know how the Central State can “help” small businesses so they will start hiring again. The answer is simple: fix the structural imbalances in the U.S. economy and start favoring real production [...]
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