photo credit: Rui Almeida (Portugal) Those who read our recent post on Papau New Guinea will find this important reading. A new report entitled Breaking the Curse: How Transparent Taxation and Fair Taxes can Turn Africa’s Mineral Wealth into Development. The conglomerate of aid agencies behind the report state: For example, Zambia’s mining law allows the minister in charge to … Read More
Obama’s surface commentary on bankers
photo credit: telemetry9 Max Keiser sums it up in rapid-fire succession: So let me get this straight. Banking elite, and other government insiders, defrauded savings accounts, pension funds, charitable funds and municipal funds here and around the globe by trading in worthless financial instruments; they manipulated markets and destroyed legitimate businesses along the way; and THEN, when that wasn’t enough, … Read More
Geonomics = New Economics
photo credit: h.koppdelaney Scott Baker writes in OP-Ed News There are many forms of capitalism. What we have right now is bubble capitalism, whereby a new bubble in some non-manmade resource (oil, land etc.) is used to speculate enourmous sums to a very tiny minority of early investors. This is also Ponzi Capitalism. Or, perhaps, since banks have become a … Read More
GFC = Good For Corporates
photo credit: laverrue Renegade Economist Show Notes As broadcast Wed March 25th on www.3CR.org.au Subscribe to the podcast GFC = Good For Corporates – we unveil more detail on the Geithner plan and fly thru recent economic events – how’s the detroit re-invention? If only we could inspire a mass of protest by white collar producers raising concern about the … Read More
Detroit crew rebuild $100 house into green community
photo credit: laverrue A local couple, Mitch Cope and Gina Reichert, started the ball rolling. An artist and an architect, they recently became the proud owners of a one-bedroom house in East Detroit for just $1,900. Buying it wasn’t the craziest idea. The neighborhood is almost, sort of, half-decent. Yes, the occasional crack addict still commutes in from the suburbs … Read More