Economics


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Thinking Scary Thoughts

Thinking Scary Thoughts Fallen/falling political/public figures from the year that was are always fodder for satire and Halloween costume revelry. And...this has proven to be quite a year, indeed! I’ve been thinking about scary. Actually I’ve been thinking about Halloween, children, adults, costumes, newsmakers, and indictments. The end of October marks the season of ghosts, goblins,...

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What Values Will Guide Our Future in an Era of Globalization?

What Values Will Guide Our Future in an Era of Globalization? Finding a common human unity is a long road… While globalization is seen as one of the most serious threats to human freedom, to economic democracy, ecological health and much more, it may not be all bad. It may, in fact, depend on who’s doing it, and why. In his book, Predatory Globalization, Princeton Professor Richard ...

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China has an Economic Strategy

China has an Economic Strategy; Do We? China and Japan hold roughly 25% of our privately held National Debt and don’t want to further increase their dollar denominated assets. What does that portend? I’ve been thinking about "the China costs," "trade deficits," "surplus recycling," "global strategies," and "vulnerabilities." Red China is red hot right now and has been increasingly so...

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Increasing Wealth Inequality Is Weirding Out Have-Nots

Increasing Wealth Inequality Is Weirding Out Have-Nots Inequality of wealth and income is worsening. Between 1979 and 1992 (the latest year for which figures are available), the wealth of the richest 1 percent of Americans almost doubled to 42% of total wealth (48% if only financial wealth is considered). And between 1983 and 1989 the income share of the top 20% increased from 52% to 56% of tot...

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The US Dollar as the World Turns

The US Dollar as the World Turns Imagine a lending institution that has to keep going farther and farther afield to find deposits to keep afloat, while its borrowers never paid off their loans. Can you think what the outcome might be? I’ve been thinking about the rotation of Planet Earth in the context of hot money, twin deficits, debt rollovers, and the click of a computer’s enter key...

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P-oil-ITICS

THINKING P-oil-ITICS Politics is driven by policy, and policy seems driven more and more by energy needs. In 2007 we will find politics morphing into p-oil-itics as policy morphs into p-oil-icy.I’ve been thinking about P-oil-ITICS. Actually I’ve been thinking about our October energy imports, proven reserves, Iraq, nationalization/de-privatization, pipelines/ diversions, Russia, Iran, Venez...

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