Quick! What type of world did you imagine when you were a kid? Did you foresee yourself darting about in a hovercraft much like the cartoon family in the Jetsons? Vacationing on the moon? A lean, mean greener world? How is it that we find ourselves these many years, decades even, down the road and [...]
Archive for the ‘economy’ Category
So Far From Green, So Close to Brown: Why An Alternative Energy Future is Slow in Coming
Posted in economy, politics, technology, tagged abundant, advancements, alternative, balance, Big Oil, blame, brown energy, bullet train, buzzword, capital, clean, collaborative, collective, commodities, cooperative, crisis, debate, define, drilling, economy, efficient, environmentalists, food, food insecurity, fuel, future, geothermal, gouging, Green, highway, history, hovercraft, imagine, incentives, inflation, infrastructure, innovation, invention, Iran, jobs, market, myths, not in my backyard, oil, partisan, partnership, petro, petro hoarding, political, Popular Science, power, price hikes, prices, private, privatize, profit, progress, public, pump, railroad, renewable, renewable resources, resource, rhetoric, risk, role, scarcity, solution, space, speculation, subsidy, surge, sustainable, tax break, technology, transportation, truth, values, venture capital, vision, water, wind, world, WPA on March 18, 2012 | Leave a Comment »
The Bubble Economy and the Rationality of Irrationality: Recapitalizing Virtue
Posted in economy, politics, tagged asset, auto financing, bad loans, bets, boom and bust, bubble, business, cap, capitalism, casino, catostrophic, CDO, class war, climate of fear, commerce, concrete, creative contribution, employment outlook, fail, false economy, Fannie Mae, Freddie, free, fundamental economy, funds, gambles, Greenspan, haves and have nots, hedge, house of cards, inside job, IOUs, irrational exuberance, irrationality, lending, lose, Main Street, market inversion, marketplace, markets, MBS, mess, monetary policy, mortgage, OTC, predatory, rationality, real economy, redistribute, REMIC, speculative, speculator, subprime, subsidize, systemic risk, three Rs, trading, uncertainty, volatility, Wall Street, was Ayn Rand wrong, win, win by losing, work, yo-yo economics on November 15, 2011 | Leave a Comment »
For all the talk of Wall Street reform and consumer protections the problem of predatory lending has not been eliminated. Subprime lending continues in the auto financing industry and elsewhere, and unlike conservatives’ criticism of the housing market there are no federal subsidies to finger. Policymakers have, indeed, caused the problem but for reasons [...]
