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Dec
23
2011

Makes for very sad reading. The more things change, the more they remain the same. Human nature hasn't really changed a bit - just look at the way civilizations & societies evolved, and you'll see the same story being repeated everywhere & every time. And best of all, it's all happening in the land of liberty & capitalism.

economy Business rich usa

Oct
20
2011

Many ways of looking at these charts:- Proof that the world is becoming flatter- The wealth for entry level employment is being transferred from US to developing economies- Outsourcing works
On a side note, even Hollywood acknowledged that the entry level wealth is moving east in the Karate Kid remake...

economics usa outsourcing wealth statistics

Sep
7
2011

Communism didn't work that well, and neither does unrestrained capitalism it seems...
The infographic on top is particularly enlightening

jobs nytimes economics usa depression

  • Most telling of all, Washington deregulated Wall Street while insuring it against major losses. In so doing, it allowed finance — which until then had been the servant of American industry — to become its master, demanding short-term profits over long-term growth and raking in an ever larger portion of the nation’s profits.
  • Germany has grown faster than the United States for the last 15 years, and the gains have been more widely spread.
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Jul
13
2011

If you thought 9/11 was a catastrophe for the US, think again - the deficit is going to be a much bigger & longer term problem. The beast is starving but not getting any thinner.
"Why are Republicans reluctant to sit down and talk? Because they would then be forced to put up or shut up. Since they’re adamantly opposed to reducing the deficit with tax increases, they would have to explain what spending they want to cut. And guess what? After three decades of preparing the ground for this moment, they’re still not willing to do that."

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  • The conservative answer, which evolved in the late 1970s, would be dubbed “starving the beast” during the Reagan years. The idea — propounded by many members of the conservative intelligentsia, from Alan Greenspan to Irving Kristol — was basically that sympathetic politicians should engage in a game of bait and switch. Rather than proposing unpopular spending cuts, Republicans would push through popular tax cuts, with the deliberate intention of worsening the government’s fiscal position. Spending cuts could then be sold as a necessity rather than a choice, the only way to eliminate an unsustainable budget deficit.
  • Why are Republicans reluctant to sit down and talk? Because they would then be forced to put up or shut up. Since they’re adamantly opposed to reducing the deficit with tax increases, they would have to explain what spending they want to cut. And guess what? After three decades of preparing the ground for this moment, they’re still not willing to do that.
Mar
31
2010

'Thanks to the popular 1988 movie Stand and Deliver, many Americans know of the success that Jaime Escalante and his students enjoyed at Garfield High School in East Los Angeles. During the 1980s, that exceptional teacher at a poor public school built a c

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