dimelab dimelab: shrinking the gap between talk and action.

Economic interesting Topic in The Credit Debacle Catalog

narrow economic interests (1).

Mon 2010-05-24 15:16 EDT

World Order, Failed States, and Terrorism: Part 1: The Failed-State Cancer

...Failed and collapsed states are a structural trait of the contemporary international system, and not a temporary dysfunction of the Westphalian world order of sovereign states. Failed states are not always weak states. They are sometimes strong states that have voluntarily forfeited basic state functions as a matter of ideology, or allowed them to be usurped by special-interest groups. Strong failed states are states that possess powerful military/police power for advancing the narrow economic interests of a small class of citizens while sacrificing a significant segment of the population as failed market victims. In the US, socio-economic Darwinism is celebrated as indispensable for the survival of the economy in the market place, while scientific theories of evolution are challenged by Creationism in public schools. Those who believe God created man apparently do not believe he created all men as equals...World order, then, is the network of economic and strategic pressures that both holds a system together and constrains its members to act in acceptable ways through commonly accepted rules and institutions. When those rules and institutions are set by a hegemon or an empire, failed-state status will be defined by those rules and institutions. When the rules of balance of power are dominant, state failure is a different phenomenon...

failed state; Failed-State Cancer; Part 1; terror; World ordering.

Tue 2008-06-17 00:00 EDT

naked capitalism: So How Did Lehman Delever? A Not-Very-Pretty Possibility

pinning out two large businesses into independent entities; maintain a 45% economic interest while getting an off balance sheet treatment

Lehman Delever; naked capitalism; Pretty Possibility.

Tue 2008-03-25 00:00 EDT

How ghosts vote on Bear Stearns - International Herald Tribune

How ghosts vote on Bear Stearns, by Steven M. Davidioff - International Herald Tribune; "A class of stakeholders in Bear Stearns with economic interests that differ from the shareholders' can use derivatives to ensure that their needs are met. In the process, shareholders are left holding the nearly empty bag, and regulators are left shaking their heads."

Bear Stearns; ghost voting; International Herald Tribune.