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Category Archives: Economics
Middle Class economy 21st cen
The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy. Continue reading
Posted in Economics
Tagged economic recovery leaves workers behind, Eduardo Saverin playboy, Fortune 500 Record-Setting Profits, Labor Force Participation Lower, Mark Zuckerberg Facebook, Mark Zuckerberg IPO, Middle Class economy 21st cen., New Global Elite, U.S. manufacturing sees shortage of skilled factory workers, Weak wage growth threatens economy
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The Rich Get Richer
An imbalance between rich and poor is the oldest and most fatal ailment of all republics.
Plutarch
The causes which destroyed the ancient republics were numerous; but in Rome, one principal cause was the vast inequality of fortunes.
Noah Webster Continue reading
Divided State of America
A significant and growing portion of the population lives in poverty. In 2007, the rate was 12.5 percent. By 2010, it was 15.1 percent. www.washingtonpost.com/opinions/the-poor-are-the-americans-no-one-wants-to-talk-about/2012/01/18/gIQADZM5BQ_story.html Third world America: Bodies driven to a pauper’s burial in a U-Haul as tough economic … Continue reading
Dick Morris spins Bain Romney
“Crony capitalism, where people pay each other off at the expense of the people of this country, is not free enterprise, and raising questions about that is not wrong,” Gingrich said in South Carolina. Americans, he said, should know whether … Continue reading
Posted in Economics
Tagged Alexis de Tocqueville quotes, Ampad Bain Capital, bain capital history, bain capital lay off history, Dick Morris spins Bain Romney, did Mitt Romney shut down companies and lay off employees to improve profits, how did bain capital make money, Mitt Romney Bain Capital, Mitt Romney Bain Capital 2012 election, Mitt Romney the 2012 election, Republican clown show, The Buyout of America
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Mitt Romney Bain Capital 2012 election
Romney’s role at Bain was not to create jobs but to provide for good returns for his investors. For more on this subject, look at our examination of Romney’s untenable figure. www.washingtonpost.com/blogs/fact-checker/post/fact-checking-the-cnn-debate-in-charleston/2012/01/19/gIQALs8dCQ_blog.html These are intelligence indicators concerning the economy’s future … Continue reading
Posted in Economics
Tagged Alexis de Tocqueville quotes, Ampad Bain Capital, Bain Capital failures, bain capital history, bain capital lay off history, did Mitt Romney shut down companies to improve profits, greed Bain Capital, how did bain capital make money, Mitt Romney Bain Capital, Mitt Romney Bain Capital 2012 election, Mitt Romney the 2012 election, Republican clown show, The Buyout of America
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Manufacturing creates wealth
Land represents unchanging wealth. True tangible wealth comes from the land: timber, coal, gold, oil, copper ore and iron ore that is manufactured into steel and then formed into cars and refrigerators. And farming. American farmers can produce much of … Continue reading
Facts about Financial MELTdown
Absence of individual and institutional accountability for illegal trading activity, along with congenital greed, accounts for the culture of corruption that pervades the financialization industry. Unless you’re a rogue trader or slip on your ego like Bernie Madoff, penalties are … Continue reading