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Goldman Profit Beats Analysts’ Estimates on Investments – Bloomberg
As follow up to this earlier post on Goldman, it is clearly apparent using secret operations substantively helps the bottom line: Goldman Profit Beats Analysts’ Estimates on Investments – Bloomberg.
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The Plutocratic States of America
From Bloomberg News this morning: “U.S. corporations’ after-tax profits have grown by 171 percent under Obama, more than under any president since World War II, and are now at their highest level...
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Expectations. They’re killing us.
Source: gocomics.com via E.L. on Pinterest Expectations are wreaking havoc with Americans. Corporations enjoy privatized profits, but expect the losses to be socialized, covered by American...
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Italy’s, Spain’s Woes Greater Than Anticipated
Just when you thought it was safe to place the Euro zone on the back burner, guess what? Italy’s Recession to Be Deeper Than Expected, Central Bank Says Italy Needs 9 Billion Euros for Deficit Goal,...
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Younger Workers Equals Lower Wages
There are so many stories emerging about concerns over the aging workforce across the world, that one has to start wondering what this “crisis” arc is about… and if it is real. Singapore today...
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Faith in Humanity – A Dicey Proposition
Can you ever turn your back on trust? Source: gocomics.com via E.L. on Pinterest For more background on the devolution of dignity in humanity, see The Dignity of Humanity on Scribd.
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The Dirty Secrets of Clean Hydrogen
We placed a man on the moon in less than a decade after the call to action. Why can’t we do the same for hydrogen? On June 14, 2011, Bloomberg News reported that Energy Secretary Steven Chu “whose...
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Live by savagery…
For those who use Spencer’s “survival of the fittest” misconception as a worldview: Source: gocomics.com via E.L. on Pinterest Hint: The book in the trash can (last panel) reads “Dinosaurs.” For more...
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The Great Big Lie That is Ethanol
A few weeks ago, a family vehicle suffered a fender bender from a driver sliding into it at a traffic light and, as usual during the winter, the quality body shops were booked solid. So, it took a...
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The Vanishing Middle Class
The Waters Begin to Churn During my return to graduate school a few years ago, I had enrolled in a class on international political economy and a requirement, naturally, was to complete a paper. I...
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Update on Greece
In January, I posted that Greece was marching towards third-world status. Of course, this kind of a thing never happens overnight but after the Greek economy shrank 20% over the last four years of its...
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Banking’s Excess Reserves Are a War Chest
In my February 28, 2013 post, “The Vanishing Middle Class,” I Ieft off with this sentiment: “There are no saviors remaining, and the next storm will be too big to control.” It was a statement made to...
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Does Economic Independence for the Individual Remain?
On a LinkedIn discussion, a commenter responded to a previous comment of mine with the assertion, “The American self-made man is a dream and a myth.” This is absolutely true, but top-down approaches to...
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Cyprus’ Draconian Bailout Terms
Less discussed than the woes of Greece, Cyprus has been in crisis mode as well, but a European Union bailout has emerged after months of negotiations. There’s little to cheer about. Bank depositors are...
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Staying Educated in Entertainment News
Well, we certainly know our own minds when it comes to the trivial, but the substantive? Bloom County, from circa 1984… Source: gocomics.com via E.L. on Pinterest
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The Quiet Constitutional Crisis Behind the 2nd Amendment
The following post discusses the original intent behind the Second Amendment. Readers should hold their assumptions, read carefully, and check their conclusion jumping until the end. The discussion may...
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The Two Faces of the IMF
Well, while European Union nations that are faltering under the Global Financial Crisis get a bailout lashing from the International Monetary Fund by demanding severe austerity measures, the U.S. gets...
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Bubble Warning – Four Years Too Late
Talk about being behind the curve: The International Monetary Fund issued a warning to central banks regarding their stimulus activity, that “the policies could inflate asset bubbles and destabilize...
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Two Explosions – One Spawns a Sport, the Other Ignored
I hold no sympathy for the Boston Marathon bombers who killed three people and permanently disabled at least a dozen others, but the bombing’s aftermath became surreal. Far too many people, probably...
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