Category Archives: economics

I love John Stewart

The Daily Show With Jon Stewart
Mon – Thurs 11p / 10c

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An excellent summary of what’s going in Health care, and Finance reform right now.

Bill Moyer interviews Matt Taibbi and Robert Kuttner
Amidst fading hopes for real reform on issues ranging from high finance to health care, economist Robert Kuttner and journalist Matt Taibbi join Bill Moyers to discuss Wall Street’s power over the federal government.

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American Healthcare, Some numbers.

Taken from This comment on
Reddit.com
I’ve posted this in a few Health care links:
At the moment the USA pays roughly 15% of its GDP, 5% more than any
other nation, and pays more than DOUBLE the average per
capita for healthcare. How much? DOUBLE This is
extremely wasteful. Universal Health Care makes sense.
The UK enacted health reform in 1948. [...]

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I love it when John Stewart destroys the mass media machine…

John Stewart kept calmer then he was when he destroyed Crossfire…
But none the less, Cramer just got destroyed.
Edit:
You just have to watch the whole damn thing.
All 3 segments across the whole episode.
The Dailyshow posted the ENTIRE interview, all excerpts included.
http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533

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I usually hate Lou Dobbs, but this ones pretty good.

From Suburban Guerrilla

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Well, this kinda makes you poop your pants.

Taken from Boing Boing
The comments on that page are well worth the read.

Posted in economics | 1 Comment

Two Cows… Or, what exactly happened in this economy.

I found this good explanation of things here : http://clusterstock.alleyinsider.com/2009/2/aig-implodes-the-two-cows-version
You have two cows.
John Paulson borrows one cow so he can sell it for $100. He gives you $10 as collateral.
You buy your neighbors cow for $100, which you finance by taking out a $90 loan from the bank and use John’s $10 to make up [...]

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Mayor Nutter apparently doesn’t want my vote next time he’s up for election…

Please read this … http://brendancalling.com/2009/01/15/mayor-nutter-we-cant-afford-a-library-so-we-asked-obama-for-125-million-for-a-casino/

In short.
The City of Philadelphia is 2nd on the list of what cities are asking for the most money from the Federal Govt.
The 2nd line item on our list of things we want to spend that money on is $125 Million for Casino development.
This is at the same time that [...]

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This American Life #365 : “Another Frightening Show About the Economy”

Another Frightening Show About the Economy
Simply click it.
A great episode that explains things really clearly.

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Here’s how we save Wall Street…

Thank you Michael Moore.
Sure you’re abrasive, and sometimes flat out annoying, but at least you do your homework…

Friends,
The richest 400 Americans — that’s right, just four hundred people — own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth [...]

Posted in economics | 1 Comment