China launches world’s longest train route from Yiwo to Madrid Washington, Nov 22, 2014: China’s new train will take 21 days to travel 6,200 miles and pass through six other countries as it moves goods from the industrial city of Yiwu to the Spanish capital, Madrid, marking the longest[...]
Posts Tagged ‘Economy’
This Election Didn’t Fix Anything; USA Likely Faces More D.C. Gridlock
Politics is indeed strange at times. Voters upset with D.C. gridlock just voted for more of the same. Politico’s Ben White explains: “[B]oth sides have made it abundantly clear that the chances for significant legislative accomplishment in the 114th Congress beginning next year are prett[...]
Hypocrisy of Capitalism
Republic’s Official: Western Businessmen Ready to Invest in Crimean Energy, Industry Foreign investors are showing increased interest in a number of Crimean projects, from the automotive industry to energy, Deputy Minister of Crimean Affairs Andrei Sokolov told RIA Novosti in an interview Frid[...]
October 31st, 2014 - 10:57 am § in Misc.
Stocks Blast Higher After Japan’s Quantitative Easing Surprise
The Japanese economy has been locked in a deflationary malaise for nearly two decades now, and while that has many causes, some indigenous and unique to their economy (e.g., aging population), Japan is also caught up in the global economic malaise for the obvious reason they depend on exports and ca[...]
October 22nd, 2014 - 3:56 pm § in America
It’s Really Happening: America’s Middle Class Is Vanishing
America is experiencing not only income inequality, but also wealth inequality, which isn’t surprising. What’s shocking is how far it has gone. The post-World War 2 gains made by the middle class have been completely eradicated, and U.S. wealth distribution is now back at 1940s levels,[...]
October 19th, 2014 - 10:15 pm § in America
Saving To Retire On $7.25 An Hour
Republicans don’t like Social Security and think people should be responsible for their own retirement savings. But they also oppose paying workers enough to live on in the present, let alone save for the future. “Too many Americans are too dependent on Social Security” and need [...]
October 15th, 2014 - 9:28 am § in The Ave Scene
Bill Gates discusses income inequality
Bill Gates reviews Thomas Piketty’s tome on income inequality. His perspective is worth consideration. Wealth and Capital Why Inequality Matters By Bill Gates on October 13, 2014 A 700-page treatise on economics translated from French is not exactly a light summer read—even for someone w[...]
October 9th, 2014 - 2:29 am § in Misc.
A Short Educational Film: “How The Economic Machinery Works”
Do you feel intimidated by economics? Don’t be! This 31-minute animated film by Ray Dalio does an excellent job of explaining how the economy works, what caused the recent crisis, and how to fix it. Most money consists of credit created through lending and borrowing, not currency printed by [...]
October 1st, 2014 - 1:45 pm § in America, Schools & Colleges
Reflecting On My Own Student Days
I went to college in the 1960s. Much has changed since then. Many of my classmates had what I would call a “comfortable” college experience: They had cars, nice clothes, attended football games. But that wasn’t my experience. I went through college and law school the ha[...]
Larry Ellison Buys Lanai
‘At the end of the day, Mr. Ellison can do what he wants. He asks for input but that’s like me asking for input on what to do with my backyard. I own my backyard.’ a serf resident of Duke Mr. Ellison’s new island. Readmore[...]