Category: economics

corruption disaster capitalism economics The Corporation US economy
October 19, 2008

Fiddling While Rome Burns: Bonuses at All Time High

A record $70 billion in bonuses are planned for Wall Street ‘genuises’this year, despite the worst show of abuse of capitalism in the last 80 years. At one point last week the Morgan Stanley $10.7bn pay pot for the year to date was greater than the entire stock market value of the business. In effect, staff, on receiving their remuneration, could club together and buy […]

economics interflation shock The Corporation US economy
October 18, 2008

The Solution to Casino-Capitalism?

Ralph Nader has some timely suggestions for reducing or eliminating what he calls ‘casino-capitalism’:  a tax on transactions. Full story here. So what do you think?  Would the powers that be even remotely consider a tax on their own transactions?  No. That would be like asking a Ford to impose a tax on its own engines. I’m sorry if I sound resistant to the idea.  […]

BASH bloggers against stephen harper Canada canadian election economics oil shock Steve Uncategorized
October 13, 2008

Canadian Election: Best / Worst Moments

As the election looms, I wanted to take a moment to reflect on the 2008 Canadian election and let you know what I thought were the top best/worst moments for me.  Please post yours below as well – I would appreciate your thoughts. The best moments for me, in no particular order, were the following: This rant , which was nominated ‘best rant of the […]

corruption disaster capitalism economics Politics shock The Corporation
October 13, 2008

$400 Billion in Lehman Assets ‘lost’

Virtually overnight, nearly $400 billion in assets with Lehman Brothers were ‘lost’ weeks before last week’s global financial debacle. Story from Bloomberg here . Conspiract story here . What do this mean? Is Lehman the only commercial enterprise where assets are disappearing just before bailouts are being rewarded like treats for Pavlovian dogs? This kind of a story begs a lot of questions. For example, […]

BASH bloggers against stephen harper Canada canadian election economics Politics Steve
October 11, 2008

Dion: What Was the Question?

I’ve stayed away from Dion through the course of this election, but it’s becoming more and more clear that he’s not the man to lead this country. This YouTube clip shows that he has no plan beyond the Green Shift. I was going to ‘vote strategically’, but I really think this is a waste.  The Liberals are Conservatives in disguise.  The only reason why the […]