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Such a simple letter, yet so powerful. Ultimately, in a few paragraphs, this person is speaking volumes about a new class struggle that is certain to hit Canada and other industrialized countries, as it radiates out from the economic epicentre of the US. The working middle class, the people who do the work, and drive [...]
In my travels on the Internet, I have always found the “Atlantic” to be an exceptional source of perspective. In analyzing these trying economic times, and the changes that are sure to ensue, they have hit the mark again. With an almost “Norman Rockwell” perspective, its an artistic and creative read. How [...]
It should come as no surprise to anyone that China is looking to be the next great electric car producing nation. If that moniker materializes, it will likely make them the leading manufacturer of cars, as well. They are already one of the worlds leading producers of electronics, and stand to make a [...]
In my opinion, we are headed for a protracted period of CEO class rage. There will likely be some sort of reclassification regarding the status of the CEO class in our culture, and the “Hyper Wealthy” will be scrutinized more, and suffer some downgrading in the eyes of the general public.
Below is a letter [...]
I get real nervous whenever the UN begins another round of “negotiations” aimed at harmonizing the worlds economic strategies, with respect to each individual member state. This is an organization that can barely manage their own budget, and is rife with corruption. It is also Euro/African centric, as this is where much of [...]
Militant workers are holding four managers hostage at a factory in France in the country’s fourth credit-crunch ‘boss-napping’ in a month.
Angry employees at the Caterpillar truck manufacturers locked the men in an office this morning in protest at mass job cuts.
More than 700 of the 2,500 workers at the site in Grenoble, south east France, [...]
LONDON, Mar. 27, 2009 (Reuters) — Leave the flash car at home, spend the night in a hotel, hire a bodyguard. This is the kind of advice security experts are giving bank executives who fear attacks from people angered by the financial crisis.
In London, where leaders of the world’s largest economies will gather for a [...]
Geithner, at the Council on Foreign Relations, said the U.S. is “open” to a headline-grabbing proposal by the governor of the China’s central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and “evolutionary.”
“I haven’t read the governor’s proposal. [...]
I just watched a great investigative piece on the subprime mortgage crisis on Dateline last night. Thinking more about this, I decided to look a little deeper into the origins of our current economic crises.
A key bill involved in this mess is the Community Reinvestment Act (CRA) originally passed in 1977 and tweaked many times [...]
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