Rollin’, rollin’, rollin’ – the Depression rolls along
Bill Bonner, c0-author of The New Empire of Debt and daily columnist for The Daily Reckoning, UK Edition, offers his analysis on the state of the global economy.
The new economy of taxes, wealth transfers, emerging markets and the future of consumerism
Bill Bonner, writing for The Daily Reckoning, UK Edition, offers his commentary on everything from the bankers’ bonus tax to the future of emerging markets.
Put your hand under the cash waterfall
By Andrew Snyder, TodaysFinancialNews.com
Baltimore — (TFN): We all have a friend like him. For me it’s a guy named Greg. He has some great ideas and his entrepreneurial spirit runs deep, but for some reason, his plans never seem to make it to fruition. Somewhere from the drawing board to the production line, he runs into a debilitating snag.
Most of the time, it’s money.
He’s got great ideas but nary a penny to his name. That’s why I told him to ring up old Uncle Sam… collect. Washington’s handing out all sorts of dollars these days. He might as well put his hand under the waterfall.
According to the Wall Street Journal, the Department of Energy is handing out some $40 billion…
My first prediction for 2010
Baltimore — (TFN): Do you think Rupert Murdoch and his multi-billion-dollar buggy whip factory is getting nervous? Unless the prince of print media single-handedly transforms an industry, his empire will come crashing down.
This story goes well beyond Murdoch’s decision to start charging for his company’s online news content. It is a debate about monopolies and the government’s role in protecting or destroying them.
In case you missed it, there is a great editorial in today’s Wall Street Journal by the CEO of Google, Eric Schmidt (scroll down for link). In the piece, the doctor doesn’t necessarily lash out at Murdoch and his recent attacks aimed at Google, but the desire to call Murdoch a crybaby is obvious.
Schmidt makes it clear that…
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Capitalism is alive and well
Baltimore – (TFN): Hallelujah, the markets work! You have no idea how happy I was this morning when I opened the Wall Street Journal and found an article detailing Goldman Sachs shareholder anger at the recent bonus payouts.
Now, I don’t care who makes what. That’s between bosses and their worker bees. But I do get a little peeved when Uncle Sam tries to tell some worker he can’t get paid per his contract.
Before you go shouting about how Washington saved Wall Street and therefore we, as taxpayers, get a say over pay, let me ask you this. Does your mortgage company tell you what color to paint little Johnnie’s room? Does your car loan provider tell you how fast to…
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