Dean Baker The Guardian Unlimited , January 25, 2010 See article on original website The Senate’s decision on approving Ben Bernanke for a second term as chair of the Federal Reserve Board is coming down to the wire and the Wall Street crew is once again pulling out all the stops. To get the 60 votes they need for Senate approval they are reaching into the treasure chest of tall tales they used to push through the TARP. They are once again telling the American people that the world will end if we don’t do exactly what they want.
Nobel Laureate Michael Spence of Stanford University’s Hoover Institution and the Commission on Growth and Development talks with EconTalk host Russ Roberts about the determinants of economic growth. Spence discusses the findings of the Commission’s recent report and how it compares to earlier attempts to uncover the sources of growth and the lack of growth such as the Washington Consensus.
What follows is a message direct from China Greentech Initiative (see our original post here ). Interesting opportunities to participate in a very interesting, and important, project! “ The China Greentech Initiative would like to thank China Business Services for encouraging its readers to download and read The China Greentech Report 2009 .
The top 5 tips weekly post is always full of hints and tips for small, home & micro business owners. Look for someone with expertise in your industry so they will already know the relevant issues
Caracas January 24, 2009 (venezuelanalysis.com) – In politically polarised Venezuela, both supporters and opponents of President Hugo Chavez marched peacefully in the capital, Caracas, on Saturday to mark the anniversary of the civic-military uprising that overthrew US-backed dictator Marcos Pérez Jiménez on January 23, 1958. By Kiraz Janicke – Venezuelanalysis.com read more
World-renowned fake NGO “Freedom Haus” released its annual fake Freedom Report this week. Once again, Bolivia has been downscaled to “partly free,” a designation it has held since earlier this decade
Hey here is something that only happens every other week or so! The news is reporting on something maddeningly crazy that Hugo Chavez has said, only when you conduct your own independent investigation involving sophisticated journalistic techniques (Google) you find out that it is all, in fact, complete bullshit. Here’s how it worked this time, pretty much exactly like it works every other time: 1
There have been various developments over the past several weeks which investors may consider relevant in allocating their resources or evaluating alternatives that are available to them. Some of the more significant developments include, but are not limited to, the following: • The markets were closed on Monday for Martin Luther King Day. • On Tuesday, the Dow Jones Industrial Average opened at 10,610 and soared 116 points
Sunday ’s Newslinks brought to you by At Ease Tees 4 More Malaysian Churches Attacked; 1 Vandalized Three more churches in Malaysia were targets of arson Sunday and another was vandalized in the latest wave of attacks on the country’s Christian minority. Ugandan Lawmaker Refuses to Withdraw Anti-Homosexuality Bill Aid Groups Urge Int’l Community to Help Sudan Keep the Peace Prison Fellowship: High Rape Rate of Juveniles Unacceptable Anglican Leader Calls for ‘Tougher Church’ Southern Baptist President’s Surgery Went ‘Great,’ Says Family Tens of Thousands Sign Petition Urging Holder to Move KSM Trial from New York (CNSNews.com) – More than 60,000 people, including members of Congress and three former presidential candidates, have signed a petition calling on Attorney General Eric Holder to move the trial of Khalid Shiekh Mohammed (or KSM) from New York City to a military tribunal
Has Barack Obamas mantra for change translated to foreign policy success one year after he became the US President? Obama promised to break away from his predecessor George Bushs polices and rebuild ties with disgruntled allies and reach out to the Muslim world
Ryan Grim, in a posting January 21 on Huffington Post , states that “a recent poll [a Research 2000 National Poll] found that 47 percent of Americans think Bernanke cares more about Wall Street than Main Street, while only 20 percent think he works for Main Street. Independents, who swung heavily for Brown in Massachusetts, are even more opposed to Bernanke than Democrats or Republicans
Last Thursday, the L.A. Area Chamber’s annual Taste of the Chamber was yet again another delectable delight with delicious food from restaurants and caterers all over L.A.
Mérida, January 22 nd 2010 (Venezuelanalysis.com) – To curb price increases by businesses following a recent adjustment in the official exchange rate, the Venezuelan National Assembly passed a law reform on Thursday that will make it easier for the state to take custody of the provision of goods and services that are considered vital to the public welfare. By James Suggett – Venezuelanalysis.com read more
Bloomberg — Roubini Says Stock Rally May End Amid Muted Recovery (Click for Video ) Bloomberg — Nouriel Roubini, the New York University professor who accurately predicted the financial crisis, speaks in Hong Kong about the outlook for financial markets and a global economic recovery. Roubini said a rally in stocks may end in the second half of the year amid a muted recovery in the world’s largest economies and as deflationary pressures limit gains in corporate earnings
Here are some of this week’s legislative updates from the Chamber Action Network blog: State Budget Flat, But Shaky Some initial thoughts on the state budget from Maryland Chamber Vice President of Government Affairs Ron Wineholt. UI Bill Hearing is Next Week The Maryland Chamber of Commerce opposes the Administration’s proposal to modify Maryland’s unemployment insurance (UI) system to permanently expand eligibility and benefits in order to obtain one-time federal stimulus funds.
The SEC has adopted its much-anticipated final rule relating to custody by investment advisers. The final rule omits the “pop quiz,” or surprise audit proposal, contained in the proposed rule for advisers who have custody solely by virtue of having the ability to deduct advisory fees.
Last night, Largest Mixer ® Events sponsored the Irvine Chamber of Commerce Business After Hours which was held at Paradise Perks Coffee House , a cozy and intimate setting perfect for creating new connections and friendships. Despite our recent downpour of rain, many local business friends came out for the first mixer of the year
February 2, 2010 Downsizing the American Dream 7-9pm PST The Hammer Museum/UCLA 10899 Wilshire Blvd Los Angeles, CA 90024 After the worst economic crisis since the Great Depression, Wall Street is back but Main Street still suffers. As the divide between rich and poor in America widens, will the middle class recover or be left out as the economy is restructured
There is little doubt, even among some opposition leaders (who normally oppose just about anything the government does), that the recent currency adjustment of the bolivar was economically necessary. It is a matter of basic math to realize that if inflation averaged 22% between 2005 and 2009 and each bolivar thereby lost about 72% of its purchasing power since the last currency adjustment, then maintaining the exchange rate at the same level during this entire period means imports become ever cheaper and Venezuelan-produced exports become ever more expensive in the rest of the world
Caracas, January 22 nd 2010 – This Friday, Venezuela celebrates the launching of its first and only English language newspaper, the Correo del Orinoco International. While in the past other English-language publications have existed, none remain in circulation today, and no others have been created during the Bolivarian Revolution. By Correo del Orinoco International read more
John Jakobsen Managing Director LEGOLAND Parks – Merlin Entertainments As Managing Director of Merlin Entertainments’ LEGOLAND Operating Group John is not only responsible for the continued development of the company’s four existing Parks – in Denmark, Germany, UK and California, USA; but also for the identification and planning for new LEGOLAND Parks around the globe, primarily in partnership with local developers and leisure partners. This includes one scheduled to open in Winter Haven in 2011, Malaysia in 2012; and a second in Dubai – although this one is currently on hold which the Middle East recovers from the backlash of the current global economic downturn. Other possible locations, in the US and Far East, are also under discussion. The video below features highlights from Legoland California.
Since 2005, CIPE has worked with the Corporate Governance Association of Turkey (COGAT; Türkiye Kurumsal Yönetim Derneği ( TKYD )) on increasing awareness of good governance practices among Turkish directors; increasing the skills of current and prospective board members on how to construct a better governance structure within their organizations and in the Turkish private sector; and engendering a voluntary and broadly accepted culture of good governance amongst companies. Most recently, the work has also focused on preparing smaller and medium-sized businesses – particularly family-owned businesses – for compliance with new governance requirements in Turkey’s pending commercial code and encouraging Turkish firms to demonstrate their commitment to adopting best practices above and beyond those drafted into the amended code. COGAT’s efforts are being felt – since 2006, COGAT has reached 11, 027 people in 18 cities throughout Turkey through its awareness-raising and practical implementation workshops. COGAT has also worked with the Istanbul Stock Exchange and the Capital Market Board, helping to establish the Corporate Governance Index (CGI) which was launched in 2007
The Indian Economy Blog … A write-up of mine recently appeared in India Abroad and TCS Daily on Montek Singh Ahluwalia’s talk at the Peterson Institute of International Economics, during the PM’s visit in November. Here’s the link
