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Archive for the 'Economics' Category
Banking Crisis: Bleed the World
A great video making fun of those responsible for the current global financial crisis. “Band-Aid” look-a-like “Bleed the World” is urging people to digg deep for those really in need this Christmas – the bankers.
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Economy: The sad Car Maker joke
With the American car makers on the edge of the abyss and hoping for a bail-out by the government we thought it might be appropriate to remind you of this sad car maker joke…
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Business: Japan Airline’s CEO tells lesson to other CEO
The head of one of the top 10 airlines in the world shows no empathy for the overinflated pay and gigantic boni that other CEOs rake in every year.
Yesterday the CEO of Ford also announced that he will only demand a symbolic pay of one dollar within the rescue package requesting billions from the government. But otherwise in banks – with some exceptions – it still seems business as usual and millions of dollars in CEO salary alone remains the standard…
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Data Visualization: The Three Trillion Dollar War
An outstanding infographic by the Good Magazine on the true cost of the war in Iraq.
The image is based on work by Nobel Prize laureate Joseph E. Stiglitz and Linda J. Bilmes who have together published a book on this subject earlier this year (link below). There is also a video narrating the key parts of the graphics on the Good Magazine web site.
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The 2007 Mafia Inc. Balance Sheet
It looks like it was another very good year for Mafia Inc. in Italy.
With corruption and bribery on the rise almost everywhere the Neo-Liberals got a foot in the door and with the worldwide financial crisis 2008 might turn out to become even better.
With the Neo-Liberal deregulations and the loss of business ethics, new business practices that were just a few years ago considered as criminal and prosecuted as such together with the vacuum created by the loss of values, no wonder bribery and corruption is on the rise, and everybody seems to be doing it not necessarily because they want so, but because they are forced to.
Single persons to get a favor or place someone on an important position, companies to get contracts, and governments on a really, really big scale. And who would be surprised that at the same time these governments have…
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Humor: Pay Rises
In quite a few countries around the globe the next rounds of pay negotiations will soon start or have just started. And this time those negotiations most likely in a few countries might turn out to end in fights for workers getting at least the inflationary price increases covered.
Interestingly enough while those managers that have caused the current world wide economic crisis have recently given themselves pay rises of 20% or more (plus of course millions in bonus and dividend payments) they are once more demonstrating complete resistance to let those who create the results participate – even with a minimal share. And based on recent publications real inflation e.g. in the UK is actually closer to 18% and not around the 3-4% published by the government.
Now here’s an image to help sustain these hardships and to make you feel better (or at least smile).
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