Archive | economy

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Knowing About Your Money

Posted on 11 October 2008 by Jenni Hammitt

I’ll never claim to be an economy expert. However, my not so bright cockatiel could tell you we are amid a financial crisis, and that we have been slowly circling the drain for some time now. As we are inundated with rhetoric about the bail out and golden parachutes, it becomes obvious that many people just are not informed.

I’m not a fan of the government having to bail out our Financial Institutions. I believe that this could have been avoided if better choices were made, and our government admitted we were in trouble long before it became the current mess. Normally I would be against the government using tax payer money to come to the rescue of financial institutions. However, I’m completely aware that without the bail out, our Market may fall further into disrepair.

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A Layman’s Questions About the US Economy

Posted on 10 October 2008 by Daniel Dessinger

Every day, I'm reading of stock market losses. 200-500 point losses each day. This cannot be good. And yet, I must admit I don't understand the how and why of it all. And I don't really have time to do the research necessary to grasp it well.

Before you judge, I am very busy with work, baby, and family. I get maybe an hour to myself each day when I'm not in traffic, and I typically let myself watch a show i've missed on Hulu.com. So I have a few questions that hopefully some of you economy pundits out there can explain to me. They're very basic questions, but questions I bet many people don't know the answers to.

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$700 Billion Bailout: Pro and Con Open Thread

Posted on 03 October 2008 by Daniel Dessinger

Okay, it needs to be discussed, but I am far from the economic expert. The House of Representatives will vote today on the revised version of the proposed $700 billion bailout. At best, I can discuss this from a theoretical / logical perspective, and then I'll leave it up to you to toss out your opinions and concerns.

Capitalism Presumes Risk
The very nature of free enterprise presumes risk. You are free to do your darnedest to create and build a successful company. You willingly assume the risks and rewards that come from such an endeavor. That's how it works. That's the only way it works.

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Peak Oil: Why Iraq Is So Important

Posted on 06 June 2008 by Daniel Dessinger

It was commonly believed that George Bush instigated the War in Iraq to establish US control over Iraqi oil. While this isn't entirely accurate, it isn't entirely false, either. Before I can explain, let's briefly discuss peak oil.

According to LifeAftertheOilCrash,

Peak Oil is also called "Hubbert's Peak," named for the Shell geologist Dr. Marion King Hubbert. In 1956, Hubbert accurately predicted that US domestic oil production would peak in 1970. Source#1 Source #2 He also predicted global production would peak around the year 2000, which it would have had the politically created oil shocks of the 1970s not delayed it for about 5-10 years.

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Can Capitalism Embrace the Green Revolution?

Posted on 19 May 2008 by Joe Holmes

going greenHaving read Michael Callaways excellent article entitled It’s Not Easy Being Green, I thought that I would weigh in on my own recent thoughts concerning the alleged climate crisis, and the emergence of green technologies that have resulted from this alarmist sentiment.  Let me state out right that I am a conservative.  I am also a capitalist.  While I don’t believe that capitalism is perfect, I do feel that it is one of the best practical modalities for promoting fairness in society.  I wrote a previous article  on this topic, so I won’t go into my reasoning.  Let it stand that I am a proponent of capitalistic society. 

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