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Archive for the ‘Economy’ Category

In his OP-ED column in the New York Times, Thomas Friedman briefly summarizes two books, “The Great Disruption” by Paul Gilding and “The Power of Pull” by John Hagel III, John Seely Brown & Lang Davison that each speak to the many social protests (a.k.a. The Great Disruption) we are seeing throughout the world—Occupy Wall [...]

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In a recent article by Paul Krugman spoke to the whining from the elite in Wall Street who believe that the good that they have done for society is not understood, claiming that “finance is the only thing America does well.”   Not only is it telling of where we are as a society that [...]

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For the most part we as a society seem to agree religion and the governance of society should not be intertwined.  That is, in theory, government of the people should be by and for the people (democracy) and not by anyone claiming he/she has the right to rule because of the power given to him/her [...]

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Occupy Wall Street is bringing to most everyone’s attention that we, the 99%, are not mere cogs in the economic machinery and those in the executive suite are not our overlords.  I applaud the courage and commitment of those standing up for the rights of citizens.

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Robert Reich discusses the growing government cynicism the result of a number of things including political rhetoric, politician’s misuse of authority, capitalism overtaking democracy and the increasing control of special interest over the affairs of the public.   When material self-interest is the only interest that is served, then government becomes an instrument in service [...]

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Where are we headed? The significant finding in a recent US Census report (Income, poverty, and health insurance coverage in the United States: 2010) isn’t that the poverty rate is highest since 1993.  Rather it is that the poverty rate had been steadily declining between 1993 (15.1%) and 2000 (11.3%) and steadily increasing to its [...]

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Properly reporting and interpreting the movement in the monthly unemployment rate requires one to have an understanding of variation.  Yes, while it may be a surprise to many, monthly outcomes do vary from month to month irrespective of whether there is an identifiable cause—you can call this random noise.  There are also variation patterns that [...]

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Jared Bernstein’s recent article about the existence of two U.S. economies presents data showing the incongruence between corporate profit and (middle–class) compensation—the former with a steady increasing trend and the latter a steady decreasing trend.  These trends are not 2008 recession era trends they have been evident for decades.  The conclusion drawn from these is [...]

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Just how valid is the idea that privatization of society’s services to its citizens ensures the highest quality of service to people in society?  Let’s critically analyze by understanding the precepts of the private economic enterprise. 

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Because economic theory and practice touches much of life in society, its practice has far-reaching implications.   In a recent New York Times OP-ED article Thomas Friedman describes the effects of our consumer-driven growth model of economics upon our future.

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