Archive for April, 2010

EconomyBeat top-post countdown

April 19, 2010Jon Brooks Comments Off

We’re winding down here at EconomyBeat — just 11 days left. Let’s start a countdown of our top 25 posts with nos. 25 through 23… 25. Colorado Springs: City of the future? – Anti-tax haven Colorado Springs finds itself in desperate fiscal straits, touching off schadenfreude and defensiveness on the Web. 24. Sub-prime the Musical [...]

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Teabonics

April 19, 2010Jon Brooks 9 Comments »

Last week a New York Times/CBS poll found that Tea Party backers were, among other things, more educated on average than the general public. Some may assert, however, that this may not be the same demographic pool showing up at the group’s rallies, if you take to heart the photos in a Flickr pool called [...]

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The Goldman Sachs fraud case explained

April 19, 2010Jon Brooks Comments Off

Time magazine describes the SEC fraud case against Goldman Sachs this way: On Friday, the Securities and Exchange Commission (SEC) filed civil securities-fraud charges against Goldman Sachs, alleging the investment bank and its partners created mortgage bonds that were set up to go bust. Goldman then sold these bonds, which are called collateralized debt obligations [...]

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The Doom Cycle

April 19, 2010Jon Brooks Comments Off

Simon Johnson is a professor of entrepeneurship at MIT. Below he speaks about The Doom Cycle , described by the web site New Deal 2.0 as “the current boom-bust-bailout structure of the financial sector that leads to economic crises.”

The “Doom Cycle” is one of the most significant ideas within the discourse on the current economic crisis. What the “Doom Cycle” offers is an explanation and a solution to the current financial crisis and the conditions which helped to create it. The “Doom Cycle” serves as a framework through which we can begin to address the economic condition of America in the twenty-first century. If we are to avoid another financial meltdown, leading thinkers believe that serious reforms are necessary. Without them, another, worse crisis may be inevitable. Through this idea, we gain a paradigmatic view of the financial system, and are able to understand the attitude and atmosphere that fosters a cycle of risk, gain, and collapse.

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The wrong job

April 16, 2010Jon Brooks Comments Off

From the blog Laid Off in NYC, a post about taking a job out of desperation and then regretting it. The Silent Soul-Crusher: UNDERemployment I got a job back in June and since then, kind of fell off the blogging wagon. I thought, hey I’m employed now, it’s all good. Hah! Little did I know [...]

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Good to go

April 16, 2010Jon Brooks Comments Off

Another entry from Reddit’s Ask Me Anything feature. I’ve been fired from 30 different companies and I’m not yet 25 Question: How do you get hired over and over again? Answer: I used to list only the most recent three and lie about the dates in which I was employed. Now, I site my side [...]

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Global risk assessment 2010

April 16, 2010Jon Brooks Comments Off

Chart from the World Economic Forum: Global Risk Landscape 2010, showing the likelihood of specific risks (terrorism, infectious disease, food price volatility, etc.) with corresponding severity of economic loss. Also look at this “Risks Interconnection Map,” which shows “an overview of all risks and their interconnections.” It’s a little hard to understand but looks like [...]

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Friday photo gallery

April 16, 2010Jon Brooks Comments Off

Just a few more Friday photo galleries left. Here are some new photos mixed in with best-ofs. Click on an image to see it full size. More photos here

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Steal this web video

April 15, 2010Jon Brooks 1 Comment »

QuestionCopyright.org, is an organization that seeks to “highlight the economic artistic, and social harm caused by distribution monopolies, and to demonstrate how freedom-based distribution is better for artists and audiences.” To that end, here’s an animated video it released a couple of weeks ago called “Copying Is Not Theft,” spelling out one argument against certain [...]

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McConnell’s last stand

April 15, 2010Jon Brooks Comments Off

This cartoon from Ted McCagg requires knowledge of one of the more irritating Facebook applications.

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