Quoting the Crisis

Oct 06

Why Monopolistic Pension Funds Undermine Capitalism -

Roger Martin, hbr.org

Peter Drucker was right, as he repeatedly was, when he foresaw in 1976 the emergence of pension funds as the most powerful wielder of capital in the modern economy. In his unique way he gave the story a neat twist by arguing that pension funds wou…

Sep 24

CEOs Get Paid Too Much, According to Pretty Much Everyone in the World
Gretchen Gavett, hbr.org
Rumblings of discontent about executive wages, the 1%, and wealth gaps know no borders. And neither does fierce debate about income inequality in general. But until now, it’s been relatively unclear how much people think CEOs should really make…

CEOs Get Paid Too Much, According to Pretty Much Everyone in the World
Gretchen Gavett, hbr.org

Rumblings of discontent about executive wages, the 1%, and wealth gaps know no borders. And neither does fierce debate about income inequality in general. But until now, it’s been relatively unclear how much people think CEOs should really make…

Aug 29

Microsoft’s $29.6 billion scam: Tech giant leads the way in tax-avoiding innovation
David Sirota, salon.com
More and more companies who enjoy huge benefits operating in the U.S. are trying to weasel their way out of taxesReading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though…

Microsoft’s $29.6 billion scam: Tech giant leads the way in tax-avoiding innovation
David Sirota, salon.com

More and more companies who enjoy huge benefits operating in the U.S. are trying to weasel their way out of taxes

Reading companies’ annual reports to the Securities and Exchange Commission is a reliable cure for insomnia. Every so often, though…

Beware the enormous bubble in bonds
Chris Martenson, marketwatch.com
There’s an enormous bubble building in global bond markets, warns Chris Martenson.The only question now is: Who will take the losses?There’s a saying on Wall Street: Stocks are for show, but bonds are for dough.The flash, sizzle and focus…

Beware the enormous bubble in bonds
Chris Martenson, marketwatch.com

There’s an enormous bubble building in global bond markets, warns Chris Martenson.

The only question now is: Who will take the losses?

There’s a saying on Wall Street: Stocks are for show, but bonds are for dough.

The flash, sizzle and focus…

Aug 22

A European Lost Decade? -

Michael Heise, project-syndicate.org

Europe’s current economic predicament sounds a lot like Japan’s in the 1990s, which culminated in a “lost decade” of stagnant growth and deflation from which the country is still working to recover. How can Europe avoid a similar fate?

Jul 06

The Founding Fathers backed Thomas Piketty – and feared a powerful 1 percent
Joseph Blasi, salon.com
This 4th of July, remember the truth about founding fathers, and their prescient warnings about income inequalityMany of Amer­i­ca’s Founders believed that exces­sive wealth inequal­i­ty would be incom­pat­i­ble with hav­ing a rep­re­sen­ta­tiv…

The Founding Fathers backed Thomas Piketty – and feared a powerful 1 percent
Joseph Blasi, salon.com

This 4th of July, remember the truth about founding fathers, and their prescient warnings about income inequality

Many of Amer­i­ca’s Founders believed that exces­sive wealth inequal­i­ty would be incom­pat­i­ble with hav­ing a rep­re­sen­ta­tiv…

More U.S. Parents Tell College-Age Children: You’re on Your Own -

Andrew O’Connell, hbr.org

American parents are more likely now than in recent years to say that their children should pay for college: The proportion of adults saying their offspring should pay for most college costs rose from 27% to 32% over the past two yea…

The next great financial crash: How our corporate overlords are setting us up to fail (again)
Thom Hartmann, AlterNet, salon.com
While profits soar, wages continue to stagnate and anti-tax zealots gut the safety net — a recipe for disasterThe denial of fun­da­men­tal eco­nom­ic prin­ci­ples is set­ting the world up for anoth­er Great Crash.Although wages have been fla…

The next great financial crash: How our corporate overlords are setting us up to fail (again)
Thom Hartmann, AlterNet, salon.com

While profits soar, wages continue to stagnate and anti-tax zealots gut the safety net — a recipe for disaster

The denial of fun­da­men­tal eco­nom­ic prin­ci­ples is set­ting the world up for anoth­er Great Crash.

Although wages have been fla…

Ronald Reagan stuck it to millennials: A college debt history lesson no one tells
Peter Lunenfeld, salon.com
Dramatic, awful changes occurred on my generation’s watch — and it amounts to a fiendishly successful conspiracyThat nos­tal­gic time of year for newly mint­ed col­lege grads and their pro­fes­sors has now con­clud­ed. I admit to being affect­…

Ronald Reagan stuck it to millennials: A college debt history lesson no one tells
Peter Lunenfeld, salon.com

Dramatic, awful changes occurred on my generation’s watch — and it amounts to a fiendishly successful conspiracy

That nos­tal­gic time of year for newly mint­ed col­lege grads and their pro­fes­sors has now con­clud­ed. I admit to being affect­…

Jun 19

Best-paid CEOs perform the worst
Cory Doctorow, boingboing.net
In Per­for­mance for Pay? The Rela­tion Between CEO Incen­tive Com­pen­sa­tion and Future Stock Price Per­for­mance , a paper from U of Utah business-school pro­fes­sors, the rela­tion­ship between exec­u­tive per­for­mance and exec­u­tive pay is…

Best-paid CEOs perform the worst
Cory Doctorow, boingboing.net

In Per­for­mance for Pay? The Rela­tion Between CEO Incen­tive Com­pen­sa­tion and Future Stock Price Per­for­mance , a paper from U of Utah business-school pro­fes­sors, the rela­tion­ship between exec­u­tive per­for­mance and exec­u­tive pay is…

Jun 10

Piketty’s inherited-wealth dystopia: private capital millionaires multiply
Cory Doctorow, boingboing.net
Thomas Piket­ty’s much-discussed eco­nom­ics best­seller Cap­i­tal in the Twen­ty First Cen­tu­ry proph­e­sies a future where inher­it­ed wealth dom­i­nates the world, because the rate of return on cap­i­tal out­strips the rate of growth in the…

Piketty’s inherited-wealth dystopia: private capital millionaires multiply
Cory Doctorow, boingboing.net

Thomas Piket­ty’s much-discussed eco­nom­ics best­seller Cap­i­tal in the Twen­ty First Cen­tu­ry proph­e­sies a future where inher­it­ed wealth dom­i­nates the world, because the rate of return on cap­i­tal out­strips the rate of growth in the…

Jun 08

The 4% Non-Solution -

Kenneth Rogoff, project-syndicate.org

The idea of permanently raising inflation targets to 4%, first proposed by IMF chief economist Olivier Blanchard, has been endorsed by a number of other academics, including, most recently, Paul Krugman. Unfortunately, the problem of ensuring a…

The Great Credit Mistake by Adair Turnerproject-syndicate.org
LON­DON – Before the finan­cial cri­sis erupt­ed in 2008, pri­vate cred­it in most devel­oped economies grew faster than GDP. Then cred­it growth col­lapsed. Whether that fall reflect­ed low demand fo …

The Great Credit Mistake by Adair Turner
project-syndicate.org

LON­DON – Before the finan­cial cri­sis erupt­ed in 2008, pri­vate cred­it in most devel­oped economies grew faster than GDP. Then cred­it growth col­lapsed. Whether that fall reflect­ed low demand fo …

May 13

Mapping Three Decades of Rising Income Inequality, State by State
Richard Florida, theatlanticcities.com
Income inequal­i­ty has risen con­sid­er­ably in the Unit­ed States and across the entire advanced world.Most research has focused on grow­ing inequal­i­ty with­in and across nations. What’s less clear is to what degree income inequal­i­ty has…

Mapping Three Decades of Rising Income Inequality, State by State
Richard Florida, theatlanticcities.com

Income inequal­i­ty has risen con­sid­er­ably in the Unit­ed States and across the entire advanced world.

Most research has focused on grow­ing inequal­i­ty with­in and across nations. What’s less clear is to what degree income inequal­i­ty has…

May 09

Copyright meets broadcasting in Geneva -

By Heini Järvinen, edri.org

The 27th ses­sion of the World Intel­lec­tu­al Prop­er­ty Orga­ni­za­tion´s Stand­ing Com­mit­tee on Copy­right and Relat­ed Rights (SCCR) took place from 28 April to 2 May in Gene­va. The Com­mit­tee …