Category: US economy

corruption disaster capitalism economics The Corporation US economy
October 19, 2008

Fiddling While Rome Burns: Bonuses at All Time High

A record $70 billion in bonuses are planned for Wall Street ‘genuises’this year, despite the worst show of abuse of capitalism in the last 80 years. At one point last week the Morgan Stanley $10.7bn pay pot for the year to date was greater than the entire stock market value of the business. In effect, staff, on receiving their remuneration, could club together and buy […]

Latin America oil US economy
October 19, 2008

Cuba to Become an Oil Player

Full Story Here. The dynamics of the Carribean just got a little more dynamic. Now that Cuba will have serious cash-flow, they’ll be able to partner with the likes of Venezuela and Bolivia and start driving the US nuts. Expect the ‘axis of evil’ rhetoric to increase exponentially in the coming months.

economics interflation shock The Corporation US economy
October 18, 2008

The Solution to Casino-Capitalism?

Ralph Nader has some timely suggestions for reducing or eliminating what he calls ‘casino-capitalism’:  a tax on transactions. Full story here. So what do you think?  Would the powers that be even remotely consider a tax on their own transactions?  No. That would be like asking a Ford to impose a tax on its own engines. I’m sorry if I sound resistant to the idea.  […]

Canada disaster capitalism economics Politics shock The Corporation US economy
October 11, 2008

Socialism for Bankers, Capitalism for the Rest of Us

The financial crisis is what Naomi Klein calls ‘cry-baby capitalism’.  Things are not going as planned.  We need help. But don’t both helping those who really need it. This story offers a nice summary of some thoughts I’ve had recently about the series of bailouts, including those in Canada. Because it’s listed under the author, which means it may be pushed to the bottom next […]

BASH bloggers against stephen harper Canada canadian election disaster capitalism Politics Steve The Corporation US economy
October 11, 2008

Canadian Election: Harper Twists, Turns and Finally Admits Defeat

Stephen Harper and Jim Flaherty were both adamant about the fact that the Canadian government didn’t need to take action in the wake of the financial crisis. They didn’t need to spend money on the automobile industry either. But they did.  In both cases.  At the 11th hour.  Financial story here . Throughout the election, these two characters have repeatedly accused the opposition parties of […]