Tag: Economics

Now that’s a new low in labor relations!

I’m stunned to read of the results of a talk given by the CEO of a Chinese steel firm to the workers at a plant his company was about to take over. Chinese officials have scrapped plans to part-privatise a state-owned steel plant after rioting workers killed one its managers. An emergency notice announcing the… Continue reading Now that’s a new low in labor relations!

The financial equivalent of a one-finger salute*

I was amused – and pleased – to read of the reaction of a New Zealand gentleman when his bank denied him a loan. Defiant Mapua artist Roger Griffiths today made a stand against Westpac by withdrawing his $190,000 savings in $20 notes. The bank provided a red-and-black carry bag to take away the cash… Continue reading The financial equivalent of a one-finger salute*

More about the financial crisis

I wrote yesterday about the enduring reality of the financial and economic crisis confronting us. Today brings more reports, confirming that my earlier article was pretty much on the money (you should pardon the expression). First, CNN reports that the Fannie Mae & Freddie Mac bailouts might hit $100 billion, or even double that figure.… Continue reading More about the financial crisis

‘Climate Change’ is really all about ‘Climate Money’

What I believe to be a very important report has just been published under the auspices of the Science And Public Policy Institute. They describe themselves as follows: The Science and Public Policy Institute (SPPI) is a nonprofit institute of research and education dedicated to sound public policy based on sound science. Free from affiliation… Continue reading ‘Climate Change’ is really all about ‘Climate Money’

The economic nightmare is far from over

Friends, this may be one of the most important articles I’ve ever put up on this blog. The mass media simply are not telling the truth about our current economic crisis – and the evidence to prove that statement is overwhelming. I’m becoming very angry at the – let’s be honest – criminally stupid forecasts… Continue reading The economic nightmare is far from over

An interesting – and worrying – look at high finance

An article in Rolling Stone titled ‘The Great American Bubble Machine‘ purports to show that the Goldman Sachs investment bank is behind many of our current financial woes. Here’s a brief excerpt: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great… Continue reading An interesting – and worrying – look at high finance

Taking product placement to a whole new level!

I’m sure everyone’s heard of product placement: the practice by firms of portraying their products in a film or TV show, as a form of advertising. Well, a Russian lady (?) has a contract for a unique form of product placement, according to MosNews. A Russian porn star has been paid $500,000 for tattooing a… Continue reading Taking product placement to a whole new level!

Bad news for business, good news for drinkers

In Australia the recession, plus over-production, has led to an interesting situation for wine drinkers and producers. A WINE glut has driven prices lower than bottled water as the industry faces an unprecedented meltdown and a fire-sale of unprofitable vineyards. . . . Major wine retailer Dan Murphy’s is currently selling cleanskins for $1.99 a… Continue reading Bad news for business, good news for drinkers

The risk to the US of social meltdown in China

I’ve been watching the Chinese economy closely for the past year or two. It’s a great export-driven engine, the continued growth of which is essential to social stability in that country, so the drop in demand for Chinese products as a result of the global economic slowdown has had a measurable impact on the nation’s… Continue reading The risk to the US of social meltdown in China