Posted on 17 February 2007. Tags: Global Economy
If you want to get a good encapsulated version of the moronic debate about the economy, you need not go any further than today’s editorial in The New York Times. The Times reflects the thinking of the elites, particularly the educated elites (read: New York Times reporters). The thinking in the editorial may, in fact […]
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Posted in General Interest
Posted on 10 February 2007. Tags: Global Economy
Because I am switching to a new computer over the weekend (not only that but abandoning my life-long PC habit for the Mac world), I’m just going to post briefly today and Sunday some things to read as food for thought: Today: the Economic Policy Institute had this to say about the rising trade deficits, […]
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Posted in General Interest
Posted on 22 December 2006. Tags: Global Economy
Shop, shop, shop–but don’t forget some of the underside of the mad dash through the holidays–this from our friends at the National Labor Committee: The Dirty Little Secret behind the flashy, best-selling Bratz dolls: Bratz dolls are all the rage, ranking as the most sought-after toy this holiday season, surpassing even Barbie, which has dropped […]
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Posted in General Interest
Posted on 19 December 2006. Tags: Global Economy
Check out this sentence in today’s Wall Street Journal: “But the transformation has also wiped out much of a cradle-to-grave safety net — health care, education, pensions — that ensured basic needs were met for most of the population. It has severely damaged large parts of the country’s environment, and triggered a widening gap between […]
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Posted in General Interest
Posted on 29 November 2006. Tags: Global Economy
Well, yes, thanks–I had a grand little vacation. Thanks to Stef for covering the blog for me. I hope everyone treated her nicely… I am still wading through the various stuff floating around in email and on my desk but this caught my eye: just as I was thinking of canceling my Business Week subscription […]
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Posted in General Interest
Posted on 30 October 2006. Tags: Global Economy
This piece just broke my heart. Africa’s World of Forced Labor, in a 6-Year-Old’s Eyes By SHARON LaFRANIEREKETE KRACHI, Ghana — Just before 5 a.m., with the sky still dark over Lake Volta, Mark Kwadwo was rousted from his spot on the damp dirt floor. It was time for work. Shivering in the predawn chill, […]
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Posted in General Interest
Posted on 14 October 2006. Tags: Global Economy
For a long time, I have argued that our problem with China is not really the difference in currency nor, on its face, the trade deficit. At heart, the real issue is the truly abysmal working conditions faced by millions of Chinese workers–working conditions that are the reason corporations love China and love moving production […]
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Posted in General Interest
Posted on 20 September 2006. Tags: Global Economy
The trade deficit grew last quarter. Again. Not good. From The Wall Street Journal. The U.S. reported that the deficit in its current account, the broadest measure of trade, widened further in the second quarter — underscoring concerns about economic imbalances voiced by global finance ministers this past weekend. Finance officials have long warned that […]
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Posted in General Interest
Posted on 14 August 2006. Tags: Global Economy
I’ve pointed out before the stark contrast between the great rise in productivity and the lack of reward flowing to workers who are working harder than ever before. Last year, the Economic Policy Institute showed that productivity has grown almost three times faster than wages since 2001. During that time, 70 percent of the nation’s […]
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Posted in General Interest