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I may start reading the American Conservative more if they keep putting out such well thought out and researched articles as this one by Richard Unz: China’s Rise, America’s Fall. In it Unz takes the book from Acemglou and Robinson, Why Nations Fail, and applies it to the American Conservative’s cover theme of China’s Rise and Merica’s Decline. He points out: . . . → Read More: China’s Rise, America’s Fall Lama Surya Das, a buddhist monk who grew up a Jewish kid from Long Island, writes pithily in this book on the sense of time and the Dharma: It’s always now. Not earlier, not later, not yesterday, not tomorrow, but right now. Michael Hudson traces the history of debt, war and credit in this interview that we review. . . . → Read More: Debt and civilization Stephen of the Japan Times Online published an interview with Lest Brown of the Gloom, doom — and Lester Brown’s ‘Plan B (hat tip nakedcapitalism). In it he quotes Brown: How can we assume that the growth of an economic system that is shrinking the Earth’s forests, eroding its soils, depleting its aquifers, collapsing its . . . → Read More: Gloom, doom — and Lester Brown’s ‘Plan B’ 
I don’t know where this post is going but I have long worked, in my contemplative life, on the concept of Buddhist pyschology. On of the kernels of this is, in my limited understanding the idea of the cittas. The mind produces thoughts like bubbles on a stream. They arise, persist for a while . . . → Read More: The mind, citta and cetasikas Mike Konczal has a good synopsis of a new paper by JW Mason and Arjun Jayadev that suggests: [T]he conservative theory explaining increased household borrowing in terms of shorter time horizons and a general lack of self-control, and the liberal theory explaining it in terms of efforts by those further down the income ladder . . . → Read More: Debt did not spiral upwards due to poor household decisions
In part it may be because they are being forced to pay outrageous sums to the banks: www.seiu.org/images/pdfs/Interest Rate Swap Report 03 22 2010.pdf. Mr. Schneiderman, I applaud your efforts to get to the bottom of the foreclosure mess in New York State and would ask you to keep your investigations separate from the proposed multi-state or Federal deal being pushed by the Administration in Washington. Maintain your independence. There are several reasons that I urge you to . . . → Read More: Letter To Eric Schneiderman, Attorney General, New York State Bill Black has continually been on the watch for what he calls “control-frauds” which are just frauds by management of a company to hide illegal and/or greedy behavior. In a new article Anti-Employee Control Fraud in New Economic perspectives he departs from his usual target of banking to look at the recent news about . . . → Read More: Anit-Employee Control Fraud I have heard it said by my friends that the mortgage crisis was caused by individuals taking on more mortgage than they could pay for, then refusing to pay up when the music stopped. In Everything You Need to Know About Wall Street, in One Brief Tale Matt Taibbi nails this, this way: At one point during . . . → Read More: Bad loans made boldly |
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Copyright © 2012 David Petraitis - All Rights Reserved |
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