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Category Archives: Economics
Tom Friedman and The End of US Manufacturing
Outsourcing destroys our well of creativity, it is terminating American excellence, Mr. Friedman. Thomas Friedman’s column Made In The World, in the 2012 Jan 29 issue New York Times is the ideological bible for modern business. He had better be … Continue reading
Posted in Economics
Tagged inequality, Michael Dell, Mike Splinter, new york times, outsourcing, Steve Jobs, Thomas Friedman, Yossi Sheffi
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Elites or Ultras – Income Inequality 5
The upper 1% incomes are blamed for our economic troubles, but the upper 0.01% are probably the ones at fault This was to be an update to the previous post, Overstated Gains. But a new report on The American Prospect’s … Continue reading
Posted in Economics
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Overstated gains? Income Inequality-4
The upper 1% incomes are blamed for our economic troubles, but the upper 0.01% are probably to blame Income inequality is a dangerous fact in American life, but there is a certain feel to the available data that make it … Continue reading
Posted in Economics
Tagged Emmanual Saez, Gretchen Morganson, income inequality, top 1% income, wealth distribution
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Elite Deserve What They Get – Income Inequality 3
Some say income inequality in the U.S. is neither unjust nor dangerous, but the purest form of American fairness. Our elite deserve all they get. This is a follow-on post to our main discussion in Zero Sum Games. Our Deserving … Continue reading
Posted in Economics
Tagged bryan york, diane rehm, income inequality, job creation, Paul Krugman, upward mobility
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The Poor Rich – Income Inequality 2
Some folks say that this income inequality thing has been blown all out of proportion. The upper groups aren’t doing so well, actually, because life is more challenging and expensive at that level. This is a follow-on post to our … Continue reading
Social Inequality – Zero Sum Games
Income shifts out of lower incomes into the upper levels, in a kind of zero sum game There has been an unusual stir in the recent news about the increase of income inequality in the United States. Wealthy households are … Continue reading
Posted in Economics
Tagged income inequality, inequality, James Steewart, median income, new york times, Paul Krugman, Robert Reich, Saez, Wealth
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Sudden Jumps and Surging Yen
The yen is not rising with unexpected jumps, it follows a 5 year linear trend. Hiroko Tabuchi published a New York times Business report last Wednesday (2011 Nov 09) on Toyota’s performance. Ms. Tabuchi is a respected reporter who says … Continue reading
When Yen Parity?
The Yen is rising in value vs. the U.S. Dollar, could we make a guess when 1 dollar is the same worth as 1 yen? Such a guess would be purely speculative and work only if “past history is the … Continue reading
Free Trade is Bad for U.S.
Last night, the magazine The Hill posts current notes on items of immediate concern. Today, sometime, Pres Obama is to sign the Free Trade bill and send more factories, more jobs overseas. This agreement is with S. Korea, Panama, and … Continue reading
Gold or Collectable Standard?
Last Wednesday (2011 August 31) Steven Davidoff published an essay for Dealbook in the Business section of the New York Times on the real vs apparent value of gold. He discusses gold and how its price has been driven to … Continue reading
Light Switch or Thermostat?
Over the past month or so Wisconsin Gov. Scott Walker demonstrated how people like to view issues as a choice between opposites. The new Republican governor there thinks that unions are bad, not indeterminate, and certainly never good. He … Continue reading
Posted in Economics
Tagged choices, decision making, Paul Krugman, Scott Walker, Unions, Wisconsin
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Does a Gold Standard make sense?
Last week (2011 Feb 06-12) the question of backing the US dollar with something of value rose up yet again. Last Tuesday, Paul Ryan (Rep. WI) asked (or rather lectured) Ben Bernanke why the price of gold was rising, or … Continue reading
Posted in Economics
Tagged dollar backing, dollar denomination, gold, Paul Krugman, Paul Ryan, silver
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