Tag Archives: financial-crisis

Items of some interest…

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These are my recent Pinboard.in links:

Items of some interest…

Posted on by

These are my recent Pinboard.in links:

  • Economist’s View: Bubble Illusion

    "I'm not sure how much the additional pessimism that "bubble illusion" causes matters for people's outlook about their current situation, and thus how much it affects the willingness to spend — that seems to be related more to actual values today than to how much was lost. But it may affect the goals people set for when they will feel "whole" once again, and thus have an effect on spending through that channel. In any case, the illusion does seem to be present."

    financial-crisis economics investment valuation behavioral-finance

  • Is Your Boss Really in Business to Create Jobs? » New Deal 2.0

    "No, Mr. President, we’re not in this together with corporate America. Corporations are in it to maximize profits and boost CEO salaries, not help the U.S. economy or put people back to work.

    With no “healthy increase in demand,” on the horizon and unemployment heading back up, the President has talked more about government-led solutions that would actually create jobs in America. Near the end of his address on Afghanistan, and in a full-throated pitch at a Democratic fundraiser in New York City the next evening, Obama called for investments in education, infrastructure, and clean energy at home.

    Democratic leaders in Congress have also started to sharpen their focus on the failure of corporations to create jobs at home. Nancy Pelosi’s reaction to the Majority Leader Eric Cantor’s walking away from budget talks was, “”Yes, we do want to remove tax subsidies for big oil, we want to remove tax breaks for corporations that send jobs overseas… ”"

    financial-crisis economics business-culture corporatism jobs unemployment figure-ground-error

  • Git API v3 | developer.github.com

    The Git Database API gives you access to read and write raw Git objects to your Git database on GitHub and to list and update your references (branch heads and tags).

    This basically allows you to reimplement a lot of Git functionality over our API – by creating raw objects directly into the database and updating branch references you could technically do just about anything that Git can do without having Git installed.

    GitHub API software-development interoperability awesome

Items of some interest…

Posted on by

These are my recent Pinboard.in links:

  • Economist’s View: Bubble Illusion

    "I'm not sure how much the additional pessimism that "bubble illusion" causes matters for people's outlook about their current situation, and thus how much it affects the willingness to spend — that seems to be related more to actual values today than to how much was lost. But it may affect the goals people set for when they will feel "whole" once again, and thus have an effect on spending through that channel. In any case, the illusion does seem to be present."

    financial-crisis economics investment valuation behavioral-finance

  • Is Your Boss Really in Business to Create Jobs? » New Deal 2.0

    "No, Mr. President, we’re not in this together with corporate America. Corporations are in it to maximize profits and boost CEO salaries, not help the U.S. economy or put people back to work.

    With no “healthy increase in demand,” on the horizon and unemployment heading back up, the President has talked more about government-led solutions that would actually create jobs in America. Near the end of his address on Afghanistan, and in a full-throated pitch at a Democratic fundraiser in New York City the next evening, Obama called for investments in education, infrastructure, and clean energy at home.

    Democratic leaders in Congress have also started to sharpen their focus on the failure of corporations to create jobs at home. Nancy Pelosi’s reaction to the Majority Leader Eric Cantor’s walking away from budget talks was, “”Yes, we do want to remove tax subsidies for big oil, we want to remove tax breaks for corporations that send jobs overseas… ”"

    financial-crisis economics business-culture corporatism jobs unemployment figure-ground-error

  • Git API v3 | developer.github.com

    The Git Database API gives you access to read and write raw Git objects to your Git database on GitHub and to list and update your references (branch heads and tags).

    This basically allows you to reimplement a lot of Git functionality over our API – by creating raw objects directly into the database and updating branch references you could technically do just about anything that Git can do without having Git installed.

    GitHub API software-development interoperability awesome

Items of some interest…

Posted on by

These are my recent Pinboard.in links:

  • The Fed Audit – Newsroom: U.S. Senator Bernie Sanders (Vermont)

    "To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.

    The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

    The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

    A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street.""

    corporatism financial-crisis bankers-should-start-avoiding-lampposts-right-about-now

Items of some interest…

Posted on by

These are my recent Pinboard.in links:

  • Will Rogers Today

    "Now it's Prohibition, we hear a lot about that. Well, that's nothing to compare to your neighbor's children that are hungry. It's food, it ain't drink that we are worried about today. Here a few years ago we were so afraid that the poor people was liable to take a drink that now we've fixed so that they can't even get something to eat.

    So here we are, in a country with more wheat, and more corn, and more money in the bank, more cotton, more everything in the world; there's not a product that you can name that we haven't got more of than any other country ever had on the face of the earth, and yet we've got people starving. We'll hold the distinction of being the only nation in the history of the world that ever went to the poor house in an automobile. The potter's fields are lined with granaries full of grain. Now if there ain't something cockeyed in an arrangement like that then this microphone here in front of me is, well, it's a cuspidor, that's all.

    Now I think that perhaps they will arrange it, I think some of our big men will perhaps get some way of fixing a different distribution of things. If they don't they are certainly not big men and won't be with us long. Now I say, and have always claimed, that things would pick up in '32. Thirty-two, why '32? Well, because '32 is an election year, see, and the Republicans always see that everything looks good on election year, see? They give us three good years and one bad one. No, no, three bad ones and one good one. I like to got it wrong. That's the Democrats does the other. They give us three bad years and one good one, but the good one always comes on the year that the voting is, see? Now if they was running this year why they would be all right. But they are one year late. Everything will pick up next year and be fine.

    These people that you are asked to aid, why they are not asking for charity, they are naturally asking for a job, but if you can't give them a job why the next best thing you can do is see that they have food and the necessities of life. You know, there's not a one of us has anything that these people that are without it now haven't contributed to what we've got. I don't suppose there is the most unemployed or the hungriest man in America that hasn't contributed in some way to the wealth of every millionaire in America. It was the big boys themselves who thought that this financial drunk we were going through was going to last forever. They over-merged, and over-capitalized, and over-everything else. That's the fix that we're in now."

    Will-Rogers politics Depression financial-crisis speech