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Archive for the 'Economics' Category
Humor: Reliable Investments
It’s a great time to invest.
From the Saturday Night Live series of Commercial Parodies.
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Video: Why the Bailout won’t work
This video has just been published but reality at the stock markets around the world has already been showing us how true some of these statements actually are.
The video puts the so-called 700 Billion bankers pensions and further profit plan Bailout plan into perspective with the Trillion Dollars Pentagon SNAFU, the actual size of the crisis (we have reported about that earlier) and the amounts currently being flooded into the banks / markets by the FED…
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Animation: The Hidden Cost of War
A great infographics animation providing a break-down of the real cost of the Iraq war to the U.S. Economy and society.
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How much is One Billion
There have been quite a few comparisons what could be done with USD 700 Billions (700,000,000,000 Dollar) instead of assuring fat profits for a few - health insurance for all, fight poverty in Africa for ten years, save the planet instead of the bankers, pay for the work of more than 22 Million people for one year - but the best examples to visualize and put back into perspective how much only one Billion alone is, we listed below…
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USA: Let’s play Wall Street Bailout
A very interesting speech by Rep. Marcy Kaptur (D-Ohio) during the congress debate on the so-called Bailout (transcript below)…
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Data-Visualization: Goodie Woodie
A beautiful animation visualizing the basics of how stock markets work.
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Comedy: Bird & Fortune - Subprime Crisis
In one of their greatest sketches from this year the Long Johns describe the key concepts behind the subprime crisis. This is a few months old so they still talk about Bear Sterns as a live company.
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The Incredible Lightness of Being: Today Wall Street
I guess there is not much that need to be said on what happened today at Wall Street. We dropped in charts of the leading stock indexes / average (DJIA & NASDAQ) for documentation.
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Bail-Out: Fallen Masters
This is definitely our last post for a while on this topic but the video is done so well that we thought you should watch it.
Basically - in essence - what some of those responsible for the crisis might believe that will happen to them in the future. Nothing, they will just carry on enjoying your money.
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Corruption: At least USD 13 Billion Iraq Aid wasted or stolen
The Washington Post today (link below) has a very interesting report on fraud, corruption and waste surrounding the U.S. Iraq reconstruction program.
Salam Adhoob, the former chief investigator of the Iraq’s Commission on Public Integrity (the equivalent to the U.S. FBI) estimated in a hearing of the Senate Democratic Policy Committee yesterday, that out of the about USD 50 Billion U.S. taxpayer money that has so far been disbursed to the Iraq reconstruction program, at least USD 13 Billion have been wasted or stolen through various fraud schemes.
The former chief investigator and head of a 200 strong auditors team was one of three Iraqis testifying before the committee yesterday - all providing evidence of widespread corruption and waste up to the point, as one of them said, that Iraqi government officials are financing al-Qaeda terrorists through some of these schemes.
An additional USD 9 Billion were estimated…
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