cleanhands posted:what are these 'agriculture sector imports' a euphemism for?
The subsidized bulk production of american agriculture ?
cleanhands posted:my favourite one is how the nfl et al produce two sets of championship winners jerseys and dump the losing teams stuff in african countries undermining their textiles industries, thats a real thigh slapper
yeah africa is probably underdeveloped because of charitable losing team jersey donations
e: http://www.businessweek.com/news/2012-05-08/greek-leaders-given-bailout-ultimatum-as-syriza-begins-talks
Alexis Tsipras of Greece’s Syriza party squared off with political leaders before talks on forming a coalition, handing them an ultimatum to renounce support for the European Union-led rescue if they want to enter government.
Tsipras said he expected Antonis Samaras of New Democracy and Evangelos Venizelos, the former finance minister who leads the Pasok party, to send a letter to the EU revoking their written pledges to implement austerity measures by the time he meets them today to discuss a government alliance. Samaras and Venizelos rejected the request. Samaras said he was being asked “to put my signature to the destruction of Greece.”
“He interprets, with unbelievable arrogance, the election result as a mandate to drag the country into chaos,” Samaras said late yesterday in televised remarks. “I hope Mr Tsipras will have come to his senses by the time we meet.” Tsipras is due to meet with political leaders from about 5 p.m. in Athens.
The stand-off since the inconclusive May 6 election has reignited European concerns over Greece’s ability to hold to the terms of its two bailouts negotiated since May 2010. With Parliament split and policy makers in Berlin and Brussels urging Greece to stay the course, the country at the epicenter of the debt crisis is again facing the risk of an exit from the euro.
Edited by dm ()
Two religious festivals and two other public holidays will be suspended for five years from 2013.
The decision over which Catholic festivals to cut was negotiated with the Vatican.
Portugal has already cut public sector wages and raised taxes to reduce its budget deficit and deal with its economic crisis.
The country agreed a 78bn euro bailout deal with the European Union, European Central Bank and International Monetary Fund last year and recently passed the latest review of its spending cuts.
It is hoped the suspension of the public holidays will improve competitiveness and boost economic activity.
The four days affected are All Saints Day on 1 November; Corpus Christi, which falls 60 days after Easter; 5 October, which commemorates the formation of the Portuguese Republic in 1910; and 1 December, which marks Portuguese independence from Spanish rule in 1640
basically banks loaned £30m to Clinton, a UK retailer of greeting cards, and then sold the loan to American Greetings, who have raised the premiums to an unpayable amount in order to force it into administration and then purchase it for pennies on the pound
i didnt care about clinton because they only sold tacky shit for idiots and those guys would have lost their jobs anyway, so its good for a hearty chuckle rather than utter despair at what passes for acceptable business practices these days
Edited by dm ()
cleanhands posted:cmon dog i aint got shit to do in my office, help a dude out
its 30 pages
Why does the monetarists' explanation differ from the Keynesian argument regarding the possible effects of decreasing discount rate by the central bank on the GDP?
I'm dumb and I guess I'm not quite getting the question
girdles_gone_wild posted:Weird question that my professor asked,
Why does the monetarists' explanation differ from the Keynesian argument regarding the possible effects of decreasing discount rate by the central bank on the GDP?
I'm dumb and I guess I'm not quite getting the question
your professor is asking how a decrease in the interest rate will flow through to affect GDP, in both monetarist and keynesian models.
This dude just got kicked out of the class for cheating too which is fucking hilarious.
These two dudes were sitting next to each other quietly whispering and shit and the teacher told them to stop. They kept at it and the teacher was like "Ok... you're finished with the test."
The guy was like, "What? I'm not done."
"Yes you are... you're cheating. Turn your test in."
"I'm not cheating!"
"A fourth of your test is touching his test."
dude just stormed out
dm posted:
British Anthropologist David Greaber begins his recent text on the history of debt relations with this sentence from a dinner party conversation. See DAVID GREABER, DEBT: THE FIRST 5,000 YEARS 4 (Melville House 2011). It captures what French Sociologist Pierre Bourdieu’s would describe as his notion of the doxa found in debt relations in the U.S. Doxa is the manner in which “every established order tends to produce the naturalization of its own arbitrariness.” Doxa is the experience and social process through which “the natural and social world appear self-evident. This experience we call doxa, so as to distinguish it from an orthodoxy or heterodoxy, belief systems implying awareness.” See PIERRE BOURDIEU, OUTLINE OF A THEORY OF PRACTICE 164 (Cambridge Univ. Press). In the U.S., Enlightenment notions of individualism strongly inform the dominant discourses surrounding debt relationships. Risk and responsibility are assigned according to shifting collective beliefs concerning individualism and personal responsibility. Changes in collectively held notions are traceable to larger social forces such as class.
This is the process by which banks endogenously expland money supply in response to demand for funds. Schumpeter describes endogenous money this way: “there is another method of obtaining money for this purpose. . . .This method of obtaining money is the creation of purchasing power by banks . . . . It is always a questions, not of transforming purchasing power which already exists in someone’s possession, but of the creastion of a new purchasing power out of nothing.” J.A. Schumpeter 73 (1928). THE THEORY OF ECONOMIC DEVELOPMENT: AN INQUIRY INTO PROFITS, CAPITAL, CREDIT, INTEREST AND THE BUSINESS CYCLE. Cambridge: Harvard University Press.
:swoon:
Dominant Cultural Discourse of Moral Behavioralism: Stigmatized Fiscal Identities and Collective Amnesia
owns
cleanhands posted:nice try, but america doesnt exist
thirdplace posted:do you know the author? if she's still looking for places to get it published i could put in a good word at my old journal
no, i do not. i just liked it a lot because she pulled together a bunch of stuff i'd been thinking about
discipline posted:david graeber is american
yeah, he got in trouble at Yale: http://en.wikipedia.org/wiki/David_Graeber#Academic_career
Schumpeter's theory is that the success of capitalism will lead to a form of corporatism and a fostering of values hostile to capitalism, especially among intellectuals. The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism; it will be replaced by socialism in some form. There will not be a revolution, but merely a trend in parliaments to elect social democratic parties of one stripe or another. He argued that capitalism's collapse from within will come about as democratic majorities vote for restrictions upon entrepreneurship that will burden and destroy the capitalist structure, but also emphasizes non-political, evolutionary processes in society where "liberal capitalism" was evolving into democratic socialism because of the growth of workers' self-management, industrial democracy and regulatory institutions. Schumpeter emphasizes throughout this book that he is analyzing trends, not engaging in political advocacy. In his vision, the intellectual class will play an important role in capitalism's demise. The term "intellectuals" denotes a class of persons in a position to develop critiques of societal matters for which they are not directly responsible and able to stand up for the interests of strata to which they themselves do not belong. One of the great advantages of capitalism, he argues, is that as compared with pre-capitalist periods, when education was a privilege of the few, more and more people acquire (higher) education. The availability of fulfilling work is, however, limited, and this lack, coupled with the experience of unemployment, produces discontent. The intellectual class is then able to organize protest and develop critical ideas.
