binding groups together (1); Dollar Bind Edition (1); future binding (1).
Jesse's Café Américain Fri 2009-10-23 08:54 EDT
The Extinction of Ethics in Finance -- The Fallout, by Greg Simmons: ...I could probably write an entire thesis about the utter abandonment of morality by today's so-called investment community. I mean, does everybody have to cheat each other to make a dollar? The subject literally brings into question the human thread that binds our social fabric together...
naked capitalism Sun 2009-10-11 17:06 EDT
An unannounced but evidently coordinated effort to arrest or at least slow the fall of the dollar is underway. The Financial Times indicated that Asian central banks were aggressive dollar buyers on Thursday, but the information came via currency traders rather than an official pronouncement. Thailand, Malaysia and Taiwan made substantial purchases; Hong Kong and Singapore also intervened today. The action may also have a secondary objective of rejiggering their currency values versus China's, since China repegged the renminbi against the dollar...
Asian Countries Intervene; Dollar Bind Edition; greenback; naked capitalism; prop.
Wed 2009-09-16 19:19 EDT
Almost everyone is aware that federal government spending in the United States is scheduled to skyrocket, primarily because of Social Security, Medicare, and Medicaid. Recent "stimulus" packages have accelerated the process. Only the naively optimistic actually believe that politicians will fully resolve this looming fiscal crisis with some judicious combination of tax hikes and program cuts. Many predict that, instead, the government will inflate its way out of this future bind, using Federal Reserve monetary expansion to fill the shortfall between outlays and receipts. But I believe, in contrast, that it is far more likely that the United States will be driven to an outright default on Treasury securities, openly reneging on the interest due on its formal debt and probably repudiating part of the principal. Treasury default considered likely.
default; economic; liberties; libraries; likely; U. S. treasuries.
Tue 2009-06-16 00:00 EDT
by Tom Jacobs; Jonathan Haidt ``Morality is not just about how we treat each other, as most liberals think. It is also about binding groups together and supporting essential institutions''; psychology of morality
AlterNet; Conservatives live; Different Moral Universe; matter; s.
Fri 2008-11-07 00:00 EST
by Joseph Henchman; Federal Officials Encouraged Leasebacks, Then Made Them Worthless for Creditors
AIG Collapse; bindings; SILOs deals; Tax Foundation; transit agency.
