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Users that often use this tag:
kliuless (7)
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I find that speakers of languages with little to no grammatical distinction between the present and future (weak-FTR ["Future Time Reference"] language speakers) engage in much more future-oriented behavior. Weak-FTR speakers are 30% more likely to have saved in any given year, and have accumulated an additional 170 thousand Euros by retirement. I also examine non-monetary measures such as health behaviors and long-run health. I find that by retirement, weak-FTR speakers are in better health by numerous measures: they are 24% less likely to have smoked heavily, are 29% more likely to be physically active, and are 13% less likely to be medically obese. [more inside]
posted by gauche on Feb 11, 2012 - 10 comments

"It’s a very ancient idea that the universe runs by the principles of the gift...in fact the purpose for our existence, the reason why we’re here, is to give." Writer Charles Eisenstein speaks on his book Sacred Economics: Money, Gift, and Society in the Age of Transition.
posted by velvet winter on Feb 7, 2012 - 40 comments

MIT today announced the launch of an online learning initiative internally called “MITx.” Think you can hack it at MIT? If so, the world-renowned university is willing to give you a new kind of credential to prove it. [more inside]
posted by Ruthless Bunny on Dec 29, 2011 - 50 comments

China's economy poised to join the rest of us in the toilet. I certainly hope one of you smart people can prove this article wrong.
posted by coriolisdave on Dec 15, 2011 - 84 comments

Mark Carney: the man who speaks the truth. Toronto Globe and Mail columnist Jeffrey Simpson recommends a recent speech by Bank of Canada head Mark Carney. "Most fundamentally, current events mark a rupture. Advanced economies have steadily increased leverage [i.e. debt] for decades. That era is now decisively over. The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic. How we manage it will do much to determine our relative prosperity." [more inside]
posted by russilwvong on Dec 15, 2011 - 10 comments

"GOVERNMENT debt dynamics, once an esoteric subject of interest only to macroeconomists, are suddenly in vogue. With Greece flirting with default, Italy's bond yields rising fast, and America's government bonds losing their AAA status, public-debt burdens have become dinner-party talk. Our interactive chart shows current IMF forecasts but also allows you to input some basic economic assumptions to see where general government debt as a percentage of GDP might head."
posted by storybored on Dec 12, 2011 - 16 comments

David Graeber profile: Meet the anthropologist, activist [1,2], and anarchist who helped transform a hapless rally into a global protest movement... " 'Most people don't think anarchism is a bad idea. They think it's insane,' says Graeber. 'Yeah, sure it would be great not to have prisons and police and hierarchical structures of authority, but everybody would just start killing each other. That wouldn't work, right?' Graeber's father, however, had seen it work."
posted by kliuless on Nov 27, 2011 - 70 comments

Professor Herwig Schlunk of Vanderbilt University explores whether a law degree is a good investment today. (SSRN link) [more inside]
posted by reenum on Nov 23, 2011 - 49 comments

Our Universities: Why Are They Failing? The New York Review of Books has a lengthy review of several books about problems in higher education, pulling together the various causes that ultimately lead to universities failing to educate students. [more inside]
posted by missix on Nov 4, 2011 - 80 comments

There is this perception that the only China skeptics are foreigners. Let me tell you that is completely wrong. The debate within China is much more interesting and much more ferocious than the debate outside of China about problems with the growth model. Michael Pettis is a professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. Here he talks about China's economic prospects.
posted by storybored on Oct 30, 2011 - 25 comments

Special report: China's debt pileup raises risk of hard landing. 'When China announced a nearly $600 billion package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure projects, some of them of arguable need.' 'Barclays Capital has predicted a global recession would trigger a "hard landing" in China, with gross domestic product sinking well below the 8 percent mark seen as the minimum for assuring enough job creation to keep up with urban migration. A severe economic slump would depress land sales, a vital source of funding for local governments, and make their debt load even more precarious.' [more inside]
posted by VikingSword on Oct 10, 2011 - 13 comments

Michael Lewis' newest piece of financial disaster tourism came out a few days ago, relating his take on California's Bond problems. Some think that he didn't interview the right experts in the field and that the lesson of the city of Vallejo have already been internalized by city managers. Chapter 9 of the Bankruptcy code, governing municipal bankruptcies has been used less than 600 times since 1937. This means that the case law is still relatively undeveloped. Only in 2009 did it become clear that municipalities could void union contracts for public workers. [more inside]
posted by bswinburn on Oct 3, 2011 - 17 comments

We are the 99 percent.
posted by Windigo on Sep 30, 2011 - 494 comments

Dorothy Gambrell of Cat And Girl fame spends an awful lot of time talking about education, class, debt, money, and the hollow promise of aspirational media to discuss how much she hates Good Will Hunting
posted by The Whelk on Sep 22, 2011 - 108 comments

Start a home business, get rich quick, win financial freedom! If you watch late-night TV, you've heard it all before. But what's the story behind these slick pitchmen and their dubious schemes? Enter The Salty Droid, your ornery metal guide to the corrupt underworld of scam-marketing scum. This charmingly acerbic bot (owned and operated by mild-mannered Chicago dog-lover Jason Michael Jones [inter-view, long talk + transcript]) is a valiant crusader against the vile con-men who bankrupt the elderly and the desperate with beautiful lies. Exposed so far: A shadowy "Syndicate" of frauduct-pushing personality cults polluting the media with blogspam and woo-woo talking points. Boiler rooms in the Utah desert where telemarketers farm credit from easy targets with cunning, probing scripts [PDF]. Powerful politicians bought wholesale. Believers left to die in fraudulent new-age vision quests. It's a soul-crushing beat, enough to make one feel like a regular catcher-bot in the digital rye. But somebody's got to do it -- preferably someone with plasma nunchucks and titanium skin.
posted by Rhaomi on Aug 31, 2011 - 47 comments

If you want to take a relation of violent extortion, sheer power, and turn it into something moral, and most of all, make it seem like the victims are to blame, you turn it into a relation of debt. Naked Capitalism talks to David Graeber about his book Debt: The First 5,000 Years. Previously. And more generally. Bonus Graeber classic: "Are You An Anarchist? The Answer May Surprise You!" [more inside]
posted by gerryblog on Aug 28, 2011 - 163 comments

The fall of Groupon: Groupon must spend to grow, but must continue growing to cover its operational expenditures.

"As of June 30, Groupon had $680 million in current liabilities -- bills the company has to pay," Business Insider's Henry Blodget pointed out earlier this week. "Meanwhile, Groupon only had $376 million of current assets with which to pay them."
posted by Gordafarin on Aug 20, 2011 - 90 comments

The job market is saturated and graduates are unable to get hired anywhere to get proper training. Law professors Richard Rhee and Bradley Borden have a solution: law schools should open their own law firms.
posted by reenum on Aug 19, 2011 - 93 comments

8 Reasons Young Americans Don't Fight Back: How the US Crushed Youth Resistance
posted by allkindsoftime on Aug 12, 2011 - 224 comments

Nate Silver: Why Standard & Poor’s Ratings Are Substandard and Porous
posted by East Manitoba Regional Junior Kabaddi Champion '94 on Aug 10, 2011 - 46 comments

Where Federal taxes are raised and spent. "Some American states receive more in federal spending than they pay in federal taxes; others receive less. Over twenty years these fiscal transfers can add up to a sizeable sum." A graph of the United States, color-coded to indicate surplus or deficit.
posted by dubold on Aug 6, 2011 - 52 comments

The talks between President Obama and House Speaker John Boehner "collapsed" Friday with little more than a week to go before the United States may effectively default on its debt. The two parties have been in ongoing negotiations for months over GOP refusal to raise the legal limit on national debt unless tied to a significant package of spending cuts - with some members and activists opposed to any increase whatsoever [more inside]
posted by crayz on Jul 24, 2011 - 3228 comments

The US Debt envisioned in hundred-dollar bills.
posted by Phire on Jul 21, 2011 - 90 comments

There may be $2 trillion sitting on the balance sheets of American corporations globally, but firms show no signs of wanting to spend it in order to hire workers at home, however much Washington might hope they will.

Time magazine outlines five common destructive myths about how to stimulate U.S. Growth.
posted by AndrewKemendo on Jul 16, 2011 - 42 comments

Obama proposes Social Security cuts. Amid ongoing debt talks wherein the Democrats are seeking to raise the debt ceiling to prevent the default of Federal debt, "entitlement reform" has been a hot topic. This morning, Obama has taken the unusual step of proposing even larger spending cuts than Republicans have asked for, mystifying many. Has the Grand Bargain arrived?
posted by mek on Jul 7, 2011 - 363 comments

What does a post-American world look like? NPR interviews Fareed Zakaria on America's future role in world events.
posted by bitmage on Jun 30, 2011 - 65 comments

Albrecht Ritschl (web site / papers) of the London School of Economics says Germans should remember their status as postwar debtors when offering advice to Greece.
posted by - on Jun 25, 2011 - 20 comments

PIMCO's Bill Gross, when he's not divesting his bond funds of U.S. Treasuries, takes time to ponders "A mind is a precious thing to waste, so why are millions of America’s students wasting theirs by going to college?" [more inside]
posted by Rafaelloello on Jun 21, 2011 - 108 comments

Economic Collapse Explained in Three Minutes
posted by stavrosthewonderchicken on May 29, 2011 - 25 comments

The Destruction of Economic Facts - "Renowned Peruvian economist Hernando de Soto argues that the financial crisis wasn't just about finance—it was about a staggering lack of knowledge" (via) [more inside]
posted by kliuless on May 23, 2011 - 35 comments

The Higher Education (Debt) Bubble - "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should... [more inside]
posted by kliuless on May 17, 2011 - 185 comments

Dave Ramsey - a syndicated radio host, author and revival-style seminar leader leads a Christian-themed, tough love crusade to convince Americans to cut up their credit cards and renounce debt forever. His detractors say our impulses, not our debt, are the problem.
posted by l33tpolicywonk on Mar 15, 2011 - 84 comments

Debtris. From Information is Beautiful.
posted by Cool Papa Bell on Jan 27, 2011 - 21 comments

Student puts the cost of education on the table Out of state student Nic Ramos paid his $14,300 tuition cost for a semester at CU Boulder in $1 bills to bring attention to the rising cost of education in the U.S. [more inside]
posted by lonefrontranger on Jan 18, 2011 - 65 comments

Kelli went to Northeastern University and got loans to pay for her sociology degree. Her repayment schedule is featured in the article and it is not pretty. [more inside]
posted by reenum on Nov 22, 2010 - 261 comments

How would you solve the US deficit? Interactive US national budget calculator from the NYT.
posted by modernnomad on Nov 14, 2010 - 104 comments

World War I will officially financially end this Sunday on the 20th anniversary of the Reunification of Germany (German Unity Day) and 91 years after the signing of the Treaty of Versailles as the last debt is paid. [more inside]
posted by Deflagro on Sep 29, 2010 - 34 comments

WaPo sells Newsweek to Harman for $1.
posted by Rory Marinich on Aug 2, 2010 - 52 comments

Bruce Bartlett, senior policy analyst in the Reagan White House, speaks out against Republicans - The monumental hypocrisy of the Republican Party is something amazing to behold. And their dimwitted accomplices in the tea-party movement are not much better. They know that Republicans, far more than Democrats, are responsible for our fiscal mess, but they won't say so. And they adamantly refuse to put on the table any meaningful programme that would actually reduce spending. Judging by polls, most of them seem to think that all we have to do is cut foreign aid, which represents well less than 1% of the budget. [more inside]
posted by kliuless on Jul 26, 2010 - 156 comments

Debt buyers have become a multi-billion dollar industry. They buy old debts and then litigate in an effort to collect with little or no evidence. [more inside]
posted by reenum on Jul 2, 2010 - 18 comments

Can't pay your debts in 2010? You may be arrested and thrown into a debtors prison.
posted by Xurando on Jun 13, 2010 - 64 comments

Is the next debt crisis in student loans? Students are graduating from undergrad with 6-figures of student loan debt. With whom does the responsibility reside? [more inside]
posted by k8t on May 29, 2010 - 203 comments

"What happened here in Jefferson County would turn out to be the perfect metaphor for the peculiar alchemy of modern oligarchical capitalism: A mob of corrupt local officials and morally absent financiers got together to build a giant device that converted human shit into billions of dollars of profit for Wall Street" - "Looting Main Street" Matt Taibbi takes an in-depth look into how finance, deregulation, corruption, synthetic rate swaps, and greed decimated Birmingham, AL. [more inside]
posted by The Whelk on Apr 12, 2010 - 42 comments

Basicland vs. Sorrowland
A parable about how one nation came to financial ruin by Charles Munger. For extra colour there's... [more inside]
posted by kliuless on Mar 2, 2010 - 34 comments

How a New Jobless Era Will Transform America
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (via rw)
posted by kliuless on Feb 11, 2010 - 84 comments

Debt collectors call him a credit terrorist. “Cunningham beats the debt collectors at their own game. He turns their money-making practice into a financial liability. He is a regular guy who has become a radical enemy of the banking system.” [more inside]
posted by Kadin2048 on Jan 26, 2010 - 113 comments

In 1933 Newfoundland was a responsible, that is self governing, dominion on a par with Canada and Australia. To avoid a debt default the government suspended its constitution in favor of rule from the colonial office in London. After the second world war and a close referendum the the governments of the United Kingdom and Canada negotiated Newfoundland's ascension to Canada. The story boils down to a people losing their sovereignty due to a debt crisis. The Newfoundland Royal Commission report of 1933, the basis for the article and the actions it recounts is here. (The report is seeded with great-if-too-small pictures of Newfoundland from the 1930s and cool maps). [more inside]
posted by shothotbot on Jan 18, 2010 - 46 comments

Want to avoid debt in grad school? You could follow the example of this guy and live in a van.
posted by bove on Dec 10, 2009 - 62 comments

The Moral Dimensions of Ditching a Mortgage: University of Arizona law professor Brent T. White has written a provocative new paper (pdf) that urges homeowners with "underwater" mortgages" to walk away by strategically defaulting on their mortgage debts. [more inside]
posted by jonp72 on Nov 30, 2009 - 164 comments

Lenny Dykstra was lauded for his heroics with the Mets and Philles. After his career, Dykstra became well-known as a post-career athlete success story. Then the truth started coming out... [more inside]
posted by reenum on Oct 27, 2009 - 22 comments

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