naked capitalism Fri 2009-12-18 09:43 EST
The question I ask is this: now that finance is global and capital can move in and out of markets and countries on a dime, how can any country protect itself against the volatility of currency markets?
contagion; escape currency volatility; finance; globalizing world; naked capitalism.
Tue 2009-09-29 11:39 EDT
...The health care bill is not about health care. It is about protecting and increasing the profits of the insurance companies. The main feature of the health care bill is the ``individual mandate,'' which requires everyone in America to buy health insurance. Senate Finance Committee chairman Max Baucus (D-Mont), a recipient of millions in contributions over his career from the insurance industry, proposes to impose up to a $3,800 fine on Americans who fail to purchase health insurance...The telltale part of Obama's speech was the applause in response to his pledge that ``I will not sign a plan that adds one dime to our deficits.'' Yet, Obama and his fellow politicians have no hesitation to add trillions of dollars to the deficit in order to fund wars...t was the war in Afghanistan, not health care, that President Obama declared to be a ``necessity.''
