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Why Aren’t We Learning From Japan’s “Lost Decade?”
19 hours ago ago from Obama log
President Obama has requested another round of stimulus spending with expanded unemployment benefits and additional money for infrastructure projects to jump-start economic growth and reduce unemployment. Although this stimulus package is meeting with more opposition than the first, our elected officials do not seem to have learned anything from other countries who have unsuccessfully tried similar stimulus policies in the past. Take Japan ...
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11 hours ago ago from Welcome To Jim Sinclair's MineSet
Dear CIGAs, Do you recall reading something like this here? U.S. Losing AAA Is Way to Rein in Pelosi, Reid: David Reilly February 08, 2010, 11:22 PM EST Commentary by David Reilly Feb. 9 (Bloomberg) When it comes to America’s AAA debt rating, we have to ask whether we would be better off without it. That notion is pure heresy, and Treasury Secretary Timothy Geithner was quick this weekend to try and dispel any thought ...
Related contentTHE PROBLEM OF EXPONENTIAL DEBT
21 hours ago ago from THE PRAGMATIC CAPITALIST
A Chinese proverb known by Americans as the Chinese curse says: may you live in interesting times . Boy do we live in interesting times. This is a veritable golden age in economic evolution. New theories are being crafted as we speak and old theories that have stood the test of (our short) economic time are being torn down. No theory has come under fire in recent years like Keynesianism. After decades of success, Keynesianism doesn't ...
Related contentIndia's Economic Strength Compared To China
16 hours ago ago from Malaysia-Finance Blogspot
Why is China the “workshop of the world” when Indian labour is even cheaper and her entrepreneurs admired worldwide? There are many reasons, including (until recently) the anti-foreign-trade policies and small-scale industry reservation policies as well as poor infrastructure in power, roads, water and ports. Perhaps even more important are the restrictive labour laws and certain other regulations, which encourage Indian manufacturing units ...
Related contentPrediction: U.S. solar market set to double
4 hours ago ago from GreenLegals
MIT's Technology Review predicts that the U.S. will surpass Germany as the world's largest market for solar power. Growth in the U.S. will likely be spurred on by the decreasing cost of solar panels and installation, and the continuing and increasing federal and state incentives. The federal stimulus package funding, for example, will be felt in 2010 and so will tax credits for solar investment for utilities. Some experts, however, ...
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Mary Bottari: My Big Fat Greek Bailout
14 hours ago ago from Huffington Post
While Treasury Secretary Timothy Geithner was on the talk shows reassuring America that the economy is healing, developments in Europe threatened to cut the legs out from under a U.S. recovery. The short story is that Greece and a number of other European Union (EU) countries are in debt, deep in debt. EU rules say member countries cannot have budget deficits that exceed three percent of GDP. Greece's debt is closer to 12 percent. They ...
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