Posts tagged with ‘economics

Great Britain prepares for the worst if the Euro collapses

With Greek economy in collapse and looking like it might have to remove itself from the Euro, some are seeing this as the first domino to fall in the single European currency. After Greece could come Spain and Italy and eventually the whole thing. And if it happens, it will be bad, and the UK, which is not a Eurozone country, could bear the weight of the whole thing falling— riots, markets dropping, huge waves of immigration etc. So in case that happens, Britain is drawing up plans for the possibility.

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Primitive living short film of the day: “The American Who Quit Money”

Mark Sundeen, the author of book, The Man Who Quit Money is a soulful journey into the spirit of Daniel Suelo. Suelo, gave up on money in 2000. He walked into a phone booth, pulled out 30 dollars and left it. Twelve years later, Suelo still does not have a personal ID, bank accounts, a modern home, does not take money, or live off of federal welfare. Suelo lives in caves in the canyon lands outside of Moab, UT. Suelo harvests wild foods, eats roadkill, and dumpster dives. Suelo is not an isolationist, he still is very active in the Moab community, SE Utah politics, and he is an active blogger.

Via

Forbes’ list of the 15 richest fictional characters

In addition to its annual list of the richest real life people in the world, Forbes also puts out a yearly list of the 15 richest fictional characters, using a bunch of math and mumbo jumbo to try and assess a character’s real-world holdings.

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1970s study that predicts the downfall of civilization in 2030 is right on track

In 1972, The Limits to Growth modeled the effects of unlimited human expansion on the planet’s finite resources. Now, 40 years later, the predicted models are still a near match with reality. So you shouldn’t worry about the shit hitting the fan at the end of this year— but come 2030, start stocking up like a crazy person.

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In a cost-saving measure, Canada will phase out the penny starting later this year

Both in the US and Canada, the copper-coated penny is a coin that costs more to produce than it’s worth. There have been a small movement in America to ditch the penny for this reason, but in Canada, they’re actually doing it. Later this year, the Canadian mint will stop making the penny altogether, phasing out the one cent.

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Daily Discussion: Does China do capitalism better than America?

A bit of a heady subject today, but a very interesting and complex one about world economics. With the US and Europe having had a shitty decade economically and pulling much of the world with it, China has been mostly unaffected. 

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Mini-doc of the day: “Poor America” from BBC’s Panorama

With one and a half million (1.5 million) American children now homeless, reporter Hilary Andersson meets the school pupils who go hungry in the richest country on Earth. From those living in the storm drains under Las Vegas to the tent cities now springing up around the United States, Panorama finds out how the poor are surviving in America and asks whatever happened to the supposed ‘government’ and the Real People in charge - those who you ‘don’t see’ pulling on the strings; and their vision and welfare for the country.

Why those tech manufacturing jobs from Apple et al aren’t coming back to the US

Of course, the short answer is of course “money”. If you’re an American company looking to have something manufactured, even if you want to have that “Made in America” label, in order to stay competitive, your only choice is to take advantage of super cheap Chinese labor. But it also has to do with the incredibly flexible industrial manufacturing industrial manufacturing infrastructure China has developed over the years.

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60 Minutes: “Prosecuting Wall Street”

60 Minutes gets tired of waiting for the Justice Department to build cases against corrupt corporations and their executives.  60 Minutes says, “Fuck it, we’ll do it for you.”  Watch this, share this, and educate yourselves on what’s going on with YOUR money.

Wall Street insider explains why you’ll never win

This is a long wall of text post from Reddit, but it’s worth a read. It’s from a Wall Street insider on why the gap between the rich and poor will only get bigger over time. Their secret? Hedge funds.

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Black Friday? Cyber Monday? How about small business Saturday?

The term “Black Friday” has been around for a while and “Cyber Monday” has finally started to settle into the lexicon. What about “Small Business Saturday”? As in, instead of camping out in front of Wal-Mart for a week, why not patronize the small businesses in your area instead?

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Foreclosure law firm Steven J. Baum shuts down, and the world plays the tiniest violin

Last month, it came out that foreclosure law firm Steven J. Baum liked to do things like throw inappropriately themed Halloween parties making fun of the people they foreclosed upon. Since then, more of the businesses unsavory practices have come to light and now, after being ditched by Fannie Mae and Freddie Mac, Baum is shutting down, laying off and closing shop. Boo hoo.

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