Clipmarks | Economics Clips

o-lay is finsihed

Thu, 12 Nov 2009 22:14:56 GMT

clipped by: waitsee
clipper's remarks: And now "Peakock and Whiteman" om Dutch TV

Offshore O-lay pipe laying

Innovative technique

The pipe laying technique described here is very different from the common offshore techniques used at present. The operational production costs can be reduced compared to the existing general methods of pipe laying offshore and the pipe laying operations can be faster than other methods used today. It is expected that pipe laying of larger diameter pipe as fast as 15 to 25 km per day is obtainable with this method. The main reason for this high speed has to do with the bottleneck of welding and testing which is not a procedure that is part of the laying itself anymore.

Custom Essays

Wed, 11 Nov 2009 12:36:12 GMT

clipped by: papersunlimited
clipper's remarks: Papers Unlimited.com is a reliable paper writing service provider helping millions of students across the world with all their Term Papers, Research Reports, Custom Essays and Homework Assignment needs. If you are facing problem in preparing custom essays then our competent essay writers have the solution for you.

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More users, same dysfunctional health care

Wed, 11 Nov 2009 06:27:26 GMT

clipped by: jasonkelly

Clip Source: www.newsweek.com

There are two great health-care crises in America—one in-volving coverage and the other cost. The Obama plan appears likely to tackle the first but not the second. This is bad economics but also bad politics: the crisis of cost affects 85 percent of Americans, while the crisis of coverage affects about 15 percent. Obama's message to the country appears to be "We have a dysfunctional health-care system with out-of-control costs, and let's add 45 million people to it."

Tags: politics, healthcare

Former "Economic Hit Man" Speaks

Wed, 11 Nov 2009 05:49:32 GMT

clipped by: blackroseheart
clipper's remarks: This is an incredible interview! Watch it, read it ... but most of all, really take in what he has to say.

Clip Source: www.democracynow.org

Hoodwinked: Former Economic Hit Man John Perkins Reveals Why the World Financial Markets Imploded—and How to Remake Them

we identify a country that has resources that corporations covet, like oil, arrange a huge loan to that country from the World Bank or one of its sisters. The money never actually goes to the country

I don’t think the failure is capitalism. I think it’s the specific kind of capitalism that we’ve developed in the last thirty or forty years, particularly beginning with the time of Reagan and Milton Friedman’s economic theories, which stress that the only goal of business is to maximize profit, regardless of the social and environmental costs, and not to regulate businesses at all—regulation is bad, all forms—and to privatize everything, so that everything is run by private business. And this mutant form of capitalism, which I think is really a predatory form of capitalism, has created an extremely unstable, unsustainable, unjust and very, very dangerous world.

Tags: economics, corporations, corruption, reagan, capitalism

Wash U Shuts Down Freedom Memorial on 20 Year Anniversary of End of Communism- It Was Too Offensive Video

Wed, 11 Nov 2009 00:45:36 GMT

clipped by: merrie
clipper's remarks: “We’re hoping to elevate the thinking of students about the connection between socialism, tyranny, and murder. Too often, we tend to think about state control in the abstract. This event is an opportunity to show the student body what socialism really is,” said junior Dirk Doebler, student leader of Young Americans for Liberty and lead organizer of the event. “We’re just twenty years away from the collapse of the Soviet Union’s despotic enslavement of hundreds of millions of people, yet everyone seems to forget that socialism killed over 150,000,000 people in the 20th century. All that gets lost in the convenient narrative our professors would have us believe. With this event, we’re striking down false notions. We’re speaking truth to power.”

This event aims at showing the horrors of the implementation of that idea.

** There is more video to come of the university shutting down the gulag.

Clip Source: gatewaypundit.firstthings.com

Jim Hoft

The gulag was too offensive.

(Twitpics)
The students of Young Americans for Liberty hosted a rally to commemorate the 20th anniversary of the fall of the Berlin Wall at noon today on the lawn outside the Ann W. Olin Women’s Building at Washington University.

The students set up a gulag complete with prisoners, guards and barb wire on the Wash U campus.

Students constructed a memorial to the victims of socialism as a stark reminder of the horrors of socialism, and of its victims.

[Video]

YAL leader John Burns reported on the event today.
The university shut it down… It was too offensive.

Young Americans for Liberty is a growing student group at Washington University in St. Louis. YAL agrees with Nobel Laureate in economics Frederick Hayek, that socialism leads to totalitarianism. Socialism is a faulty idea that kills.

UPDATE: ACORN pimp-daddy James O’Keefe was in town and stopped by the protest. Darin from Reboot Congress interviewed James here.

Tags: 150 million people killed-20th century, collapse of the soviet union, freedom memorial, video (2:12), washington u-st louis, young americans for liberty

ObamaCare: A Bad Deal for Young Adults

Tue, 10 Nov 2009 22:28:41 GMT

clipped by: merrie
clipper's remarks: Massachusetts benefits from another type of subsidy that props up its regime of mandates and price controls: large subsidies from the federal government. In contrast, the United States as a whole has no external party it can exploit to subsidize a nationwide Massachusetts-style health care overhaul"unless Congress finances that overhaul through additional deficit spending, which is really just another way of taxing the young to subsidize the old.

by Aaron Yelowitz

Aaron Yelowitz is an associate professor of economics at the University of Kentucky and an adjunct scholar at the Cato Institute. This paper is based on a lecture delivered to the Undergraduate Economics Society at the University of Kentucky on October 1, 2009.

Clip Source: www.cato.org

One of the most interesting questions about the health care overhaul now moving through Congress is how it would affect young adults. That legislation would force most or all Americans to purchase health insurance (an "individual mandate") and would impose price controls on health insurance ("community rating") that would limit insurers' ability to offer lower premiums to low-risk enrollees.

The irony is that Barack Obama won the presidency with 66 percent of the vote among adults aged 18 to 29. That's a larger share than any presidential candidate has won in decades. Yet his health care overhaul could impose its greatest burdens on young adults.

Those provisions would drive premiums down for 55-year-olds but would drive them up for 25-year-olds—who are then implicitly subsidizing older adults. According to the Urban Institute, many young people could see their premiums double, whereas premiums for older adults could be cut in half.

Tags: 0bamacare, 55-y-o pay lower premiums, young adults pay higher premiums

About Ihireconstruction

Tue, 10 Nov 2009 08:35:56 GMT

clipped by: demsy2989
clipper's remarks: Hundreds of thousands of job seekers, each month, look to IhireConstruction.com for help finding a job in the construction industry. This is because the website is so popular and so well-organized.

Clip Source: ihireconstruction.4worklife.com

If you have ever been unemployed in a slumping economy, you know how difficult it can be to find a new job. Like any industry, it will suffer in a depressed economy, but because of the nature of the current slump, the housing industry has suffered most directly—which in turn effected the construction industry like never before. Combine this depressed state of economics with an influx of immigrants looking for construction jobs and you have a recipe for disaster. It is more difficult now to find a job in the construction industry than it has been for a long time.

Tags: ihireconstruction, construction jobs

The Next Hit Coming for the Economy

Mon, 09 Nov 2009 13:52:35 GMT

clipped by: CulturalEngineer
clipper's remarks: Full article has specific excellent examples. There are vast distortions in both valuations and wealth/income distribution which are extremely dangerous to the social contract! Further brief comment at http://singularitygov.blogspot.com

Clip Source: www.businessweek.com

Why This Real Estate Bust Is Different

Unrealistic assumptions, layers of investors, sky-high prices, and possible fraud will make it hard to clean up the mess in commercial real estate

Clip Source: www.businessweek.com

The market won't fully recover until 2020, says Kenneth P. Riggs Jr., CEO of Real Estate Research, and in cases where "values were over the top...maybe never."

In the short term, toxic securities are creating a new problem weighing on the market

And yet the securities are only a secondary problem. The main driver of the commercial real estate bust is the underlying loans.

Commercial lending mirrored mortgage lending in another way: Loans were made based on an unshakable belief that the market would never go down.

When the numbers didn't add up, some lenders got imaginative. Says a banker at a large Wall Street firm: "If the cash flow wasn't there, you had to ignore it or find ways to create it."

Tags: economics, politics, social contract, social networks

Washington and the Jobs Market

Mon, 09 Nov 2009 03:08:29 GMT

clipped by: merrie
clipper's remarks: The larger measure of joblessness that includes marginal and part-time workers jumped 0.5% to 17.5%. And the average hours worked in a week stayed the same at 33.0, which means that millions of Americans working part-time will have to become full-time before employers start hiring new workers. [...]

If Democrats really want to create jobs and save themselves from a debacle in 2010, their best policy option is to stop creating so much investment uncertainty and additional barriers to business hiring.

Stop trying to raise business costs by making it easier to unionize via "card check." Stop trying to raise energy costs with a cap-and-tax bill. Stop adding to the deficit and future tax burden with a 12% increase in domestic spending for 2010.

Above all, stop trying to ram through Congress on a partisan vote a health-care bill that imposes a 5.4-percentage-point income tax "surcharge" on anyone making more than $500,000 a year......

Clip Source: online.wsj.com

A familiar definition of insanity is to keep doing the same thing and expecting different results. So in the wake of yesterday's report that the national jobless rate climbed to 10.2% in October, we suppose we can expect the political class to demand another "stimulus." Maybe if Congress spends another $787 billion in the name of job creation, it can get the jobless rate up to 12% or 13%.

It's hard to imagine a more complete repudiation of Keynesian stimulus than the evidence of the last year's job market. We've now had two examples of such stimulus—President Bush's $160 billion effort in February 2008 and President Obama's mega-version a year later—and neither has made even the smallest dent in employment. As the nearby chart shows, Mr. Obama's economic advisers sold the stimulus by saying it would keep the jobless rate below 8%. Actual results may differ, as they say.

The economy shed another 190,000 jobs in October, taking the total job losses to 3.5 million since January.

Tags: $787 billion in the name of job creation, democrat progressives, keynesian economics, national jobless rate 10.2% in october

1979 history

Sun, 08 Nov 2009 10:59:59 GMT

clipped by: chetler

Clip Source: www.newsweek.com

in 1979—surely have a better claim to being truly historic. Just think what was happening in the world 30 years ago. The Soviets began their policy of self-destruction by invading Afghanistan. The British started the revival of free-market economics in the West by electing Margaret Thatcher. Deng Xiaoping set China on a new economic course by visiting the United States and seeing for himself what the free market can achieve. And, of course, the Iranians ushered in the new era of clashing civilizations by overthrowing the shah and proclaiming an Islamic Republic.

Today it is the Americans who now find themselves in Afghanistan, fighting the sons of the people they once armed. It is the free-market model of Thatcher and Reagan that seems to lie in ruins

the real trends of our time—the rise of China, the radicalization of Islam, and the rise and fall of market fundamentalism

Tags: history

Dissertation Assistance

Sat, 07 Nov 2009 13:14:53 GMT

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clipper's remarks: We are a group of writers having at minimum a Master’s Degree in assorted fields, and for over 7 Years we have been providing assistance to Students.

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Enumerated Powers Act: Interview with Walter E. Williams

Fri, 06 Nov 2009 22:42:15 GMT

clipped by: merrie
clipper's remarks: who has introduced it every Congress since 1995, it does not allow them to get away with the Commerce Clause and the General Welfare Clause. They have to specifically point in the Constitution where they get the authority. And as a matter of fact the reason the Enumerated Powers Act’s maximum number of co-sponsors in the House has been 31, or it could be a bit higher than that (and it has never had a co-sponsor in the Senate until this year) is that the Congressmen can read the writing on the wall. If Congress were forced to obey the United States Constitution, then I would say that two-thirds to three-quarters of all the spending Congress does would be found to be unconstitutional.

ALL RIGHT MAGAZINE: You’re probably right about that. Article 1, Section 8 has a very short list of things government is able to do according to the word of the law.

WALTER E. WILLIAMS: That’s right, and if you read the Founders’ statements, they say that Congress can only do those things....

Clip Source: www.allrightmagazine.com

ALL RIGHT MAGAZINE: You are a professor of economics. If a student walked into your office at George Mason University, declared that she were quitting college, but wanted to know one thing about economics for the real world, what would it be?

WALTER E. WILLIAMS: There’s no free lunch. That is that there’s nothing free. Everything costs. That’s one of the problems that our economy’s facing right now or that Americans are facing. They think that they can get free health care.

ALL RIGHT MAGAZINE: You have called attention to something called the Enumerated Powers Act that would require Congress to list the Constitutional authority for each law, which has not yet, of course, passed. Even so, wouldn’t the claim just be the General Welfare Clause, or the Necessary and Proper Clause?

WALTER E. WILLIAMS: Yeah. Congress will always find a way around the Constitution. However, I think if you read the Enumerated Powers Act that’s sponsored by Congressman John Shadegg,

Tags: walter e. williams, black economics, economics, economy, education, great depression, recovery, rush limbaugh

Is the Economy Recovering? The Curious Case of 1920 vs. 1929

Fri, 06 Nov 2009 22:05:52 GMT

clipped by: merrie
clipper's remarks: The basic questions we need to ask here are:

1. Why do economies recover?

2. Are we recovering?

Q. Why do economies recover?

A. They recover because bad investments made during the bubble are liquidated, valuable capital is no longer being wasted on them, new capital is formed from savings, and profitable enterprises attract new capital to expand. Low real interest rates caused by increased savings encourage borrowing, manufacturers use the capital to make new machines, producers of consumer goods buy them, cash goes through the system, consumers see things are getting better, more consumer goods are produced, and consumers buy them. It has to happen this way or the recovery will fail.

The difficult part of a recovery is ugly. Bankrupt firms need to fail so that valuable capital resources are not wasted on their continuing activities. This means that unemployment rises (10.2% now) and business bankruptcies are high. Trillions of dollars of asset values are wiped out.

Clip Source: www.zerohedge.com

By Jeff Harding
The Daily Capitalist

In order to understand the present state of the U.S. economy you have to understand that there are two things happening at once. For the most part they are in conflict with each other, in that one track can negatively impact the other.

Here are some of the economic data that have come out this week, in no particular order:

PositiveNegative The Institute for Supply Management's manufacturing index rose 3.1 points to 55.7, the third straight month of growth and the highest level since April 2006. A reading above 50 indicates expansion for the sector.Current-dollar personal income decreased $15.5 billion (0.5 percent) in the third quarter, in contrast to an increase of $19.1 billion (0.6 percent) in the second.

The ISM's employment index rose for the first time in 15 months as manufacturers sought to recall workers or enlist temporary help.

Consumer confidence fell to 47.7 in October, from 53.4 in September.

Tags: austrian economics, economic crisis, recovery, fed policy, fiscal stimulus, free market economics, keynesian economics, stimulus, obama administration, krugman

Capitalism isn't a love story

Fri, 06 Nov 2009 21:35:02 GMT

clipped by: Lexica
clipper's remarks: More:

Let's be clear here. What we are currently practicing isn't capitalism. It's a perversion of the original system, designed within a rigged system, set to benefit a few. And innovators like Yunus and Hertz are primed to lead us into a brave new market - or they would, if we were willing to listen.

Clip Source: jezebel.com

In the heavily gendered article (Hertz is described as "seduc[ing] Bono;" being "teacup-size"; having a "waifish figure" and is spotted with "pink fishnets" and a "hot pink blackberry") Danielle Sacks describes exactly why Hertz is causing an international sensation:

Few academics have leaped from the critical fringes to the role of prophet as adroitly as Hertz. Wielding her contrarian message — that markets need to serve the interests of people as much as they serve companies or shareholders — Hertz has been campaigning for the past decade against the mantras of mainstream economists, urging a more ethical form of capitalism. But her message isn't some yoga-infused spiritual quest. As she explained in her 2001 European best seller, The Silent Takeover, it is about the unsustainability — environmentally, socially, and economically — of laissez-faire capitalism and the idea that markets are stable.

Tags: economics, capitalism, ethics, gender

The trouble with diversity: celebrating difference doesn't reduce inequality

Fri, 06 Nov 2009 20:27:02 GMT

clipped by: Lexica
clipper's remarks: More:

If you're worried about the growing economic inequality in American life, if you suspect that there may be something unjust as well as unpleasant in the spectacle of the rich getting richer and the poor getting poorer, no cause is less worth supporting, no battles are less worth fighting, than the ones we fight for diversity…

Our identity is the least important thing about us. And yet, it is the thing we have become most committed to talking about. From the standpoint of a left politics, this is a profound mistake since what it means is that the political left -- increasingly invested in the celebration of diversity and the redress of historical grievance -- has converted itself into the accomplice rather than the opponent of the right.
Clip Source: www.prospect.org
What's important about The Great Gatsby, then, is that it takes one kind of difference (the difference between the rich and the poor) and redescribes it as another kind of difference (the difference between the white and the not-so-white).
books like The Great Gatsby (and there have been a great many of them) give us a vision of our society divided into races rather than into economic classes. And this vision has proven to be extraordinarily attractive.
the commitment to appreciating diversity emerged out of the struggle against racism
Our commitment to diversity has thus redefined the opposition to discrimination as the appreciation (rather than the elimination) of difference. So with respect to race, the idea is not just that racism is a bad thing (which of course it is) but that race itself is a good thing.
And what makes it a good thing is that it's not class. We love race -- we love identity -- because we don't love class.

Tags: equity, fairness, diversity, economics, class-issues