This is that one great book explaining everything wrong about the U.S. economy you should read. Published in 2011, The Age of Greed is a story of how financial skill overpowered manufacturing, research, development, and stability while skyrocketing C.E.O. pay, cutting employee pay and health benefits emasculating American labor and national economic health. The financial sector profited richly converting manufacturing and housing sectors into securities for resale in derivatives and tranch protocols..
Corporate mergers and employee downsizing to produce short term profit, junk bonds, leveraged buy outs, hostile takeovers, deceptive accounting, federal deregulation of finance, bad economic theories-'The Age of Greed' has it all. Chapter by chapter biographies of leading characters and their contribution to the downfall of the U.S. economy add up to portray something of the way things are today; a.f.u.
Easy to read and a fascinating page turner serving almost as an introductory course to basic Wall Street and Government scam techniques, the reader learns through expert analysis how creative and confident financial experts took down the U.S. economy in 2008-2009.
27 June 2011
The Trouble With the U.S. Economy is Too Much Financial Deregulation
For many Americans the deregulated economy has made Wall Street seem a kind of Enron, Global Crossing or Long Term Capital Management generally with ever new ways of misdirecting U.S. investment to billionaire stock option accounts abroad instead of producing goods.
Americans lost about 13 trillion dollars of value in the 2009 Wall Street reshuffle. That makes it more difficult for thte unemployed to have capital to invest in a garden patch or small business and paradoxically increases the vulnerability of Americans to the increasingly deregulated U.S./Global financial systems which stands ready to deliver another knock down punch to American industry and ecological economics should it get up off the canvas.
From engineer-CEO's manufacturing goods with a regulated financial sector in the 1960's the economy transitioned steadily to a business environment commodified and traded like stock portfolios deregulated banks, brokerages and insurers merged and were taken and madeover into fewer and larger firms. The broadcast and entertainment industry became sycophants of corporate controller's will. The management class made profits through cutting costs and firing workers rather than creating new products. Workers were regarded as exploitable profit units and expected to pay for their own health care and retirement. In fact society had to pay for the medical costs and food stamps of poorly paid workers.
Sub-prime mortgages and packages of derivatives issued by deregulated conflict of interest banks and trading firms made short term profit with bad loans passed on to investors. American home mortgages were bought and bundled for sale around the globe. Politicians accomplished a form of national treason through financial and stock trading deregulation with support from unpatriotic or economically illiterate conservative egoists and liberal redactors of reform interpreting freedom as corporate servility.
The deregulated financial industry followed Internet and optic cable global crossing lines to investments abroad. The prospects for reducing unemployment and increasing the income of ordinary Americans declined as even politicians accepted a deregulated financial sector and concentration of wealth as the highest existential good; they would be too satisfied looking good with billions of bucks to be aware of the danger to the nation and downturn in long-range national prospects.
Manufacturers found it more difficult to invest in new infrastructure with the prospects for a hostile takeover circling overhead like predator vultures. Politicians invested in American decline by cutting taxes on the rich and slipping regressive tax increases on average Americans. President Carter and Clinton joined Ronald Reagan and G.W. Bush in accelerating deregulation. None had a grasp of economic changes of the time and how those changes would affect the long-term prospects for the United States. Neither did candidates for 2012 express any awareness of the need for a sweeping reformation of the business and finance laws of the United States.
Americans lost about 13 trillion dollars of value in the 2009 Wall Street reshuffle. That makes it more difficult for thte unemployed to have capital to invest in a garden patch or small business and paradoxically increases the vulnerability of Americans to the increasingly deregulated U.S./Global financial systems which stands ready to deliver another knock down punch to American industry and ecological economics should it get up off the canvas.
From engineer-CEO's manufacturing goods with a regulated financial sector in the 1960's the economy transitioned steadily to a business environment commodified and traded like stock portfolios deregulated banks, brokerages and insurers merged and were taken and madeover into fewer and larger firms. The broadcast and entertainment industry became sycophants of corporate controller's will. The management class made profits through cutting costs and firing workers rather than creating new products. Workers were regarded as exploitable profit units and expected to pay for their own health care and retirement. In fact society had to pay for the medical costs and food stamps of poorly paid workers.
Sub-prime mortgages and packages of derivatives issued by deregulated conflict of interest banks and trading firms made short term profit with bad loans passed on to investors. American home mortgages were bought and bundled for sale around the globe. Politicians accomplished a form of national treason through financial and stock trading deregulation with support from unpatriotic or economically illiterate conservative egoists and liberal redactors of reform interpreting freedom as corporate servility.
The deregulated financial industry followed Internet and optic cable global crossing lines to investments abroad. The prospects for reducing unemployment and increasing the income of ordinary Americans declined as even politicians accepted a deregulated financial sector and concentration of wealth as the highest existential good; they would be too satisfied looking good with billions of bucks to be aware of the danger to the nation and downturn in long-range national prospects.
Manufacturers found it more difficult to invest in new infrastructure with the prospects for a hostile takeover circling overhead like predator vultures. Politicians invested in American decline by cutting taxes on the rich and slipping regressive tax increases on average Americans. President Carter and Clinton joined Ronald Reagan and G.W. Bush in accelerating deregulation. None had a grasp of economic changes of the time and how those changes would affect the long-term prospects for the United States. Neither did candidates for 2012 express any awareness of the need for a sweeping reformation of the business and finance laws of the United States.
25 June 2011
Literature Quants Noticed by 'Nature'
The article on quants researching data in poetry and literature for word use mentioned Google's n-gram viewer that sorts through millions of books to let the interested become informed about the rise and fall of word use.
I suppose the phrase 'a queer congress' may not be used in New York in the future even if it is so as it will evolve into deposition in the hate speech lexicon by a queer congress.
http://www.nature.com/nature/journal/v474/n7352/full/474420b.html
Quantitative approaches to literary analysis are an inevitable consequence of the bureaucratization of any verbose society. The quantitative assault on Wall Street (known as 'The Street') began with Joe Flom and Walter Wriston II, Ivan Boesky, Michael Milken and numerous others regarding real corporations as abstract entities to manipulate financially for profit. Quantitative approaches bring not only profit but occassionally a sense of social prestige and scientific solidity.
It cannot inevitably however see the woods for the trees, through which they run lonely, dark and deep without promises to keep except unto themselves.
I suppose the phrase 'a queer congress' may not be used in New York in the future even if it is so as it will evolve into deposition in the hate speech lexicon by a queer congress.
http://www.nature.com/nature/journal/v474/n7352/full/474420b.html
Quantitative approaches to literary analysis are an inevitable consequence of the bureaucratization of any verbose society. The quantitative assault on Wall Street (known as 'The Street') began with Joe Flom and Walter Wriston II, Ivan Boesky, Michael Milken and numerous others regarding real corporations as abstract entities to manipulate financially for profit. Quantitative approaches bring not only profit but occassionally a sense of social prestige and scientific solidity.
It cannot inevitably however see the woods for the trees, through which they run lonely, dark and deep without promises to keep except unto themselves.
Excelsior College/Univ. of the State of N.Y.; Please erase the B.A. degree I got in 1991!
Excelsior College Univ. of the State of N.Y. Albany, N.Y. June 24, 2011
re; Request for deletion of my Bachelor of Arts degree (#----) issued from The University of the State of N.Y. in June 1991.
Please erase from your records a.s.a.p. the Bachelor of Arts degree I received and now deplore from The University of the State of N.Y. in June 1991.
I would like your records and all others reflecting my graduation from the University of the State of N.Y. to be as if I had never taken a degree from The University of the State of New York. I would appreciate acknowledgement from Excelsior College and The University of the State of N.Y. that the degree has been destroyed.
The degree, number ----- of June 1991 was signed by Gov. Mario Cuomo and delivered to P.O. Box 2019 Wrangell Alaska 99929 in June 1991. It is no longer something I want.
The action of the New York State legislature and Executive redefining marriage parameters is offensive to good sense and moral decency. It is misleading and deceptive to the public letting them think I want to have any association with the University of the State of N.Y. after corruption of N.Y. State marriage law.
The New York State legislature in passing a bill to legalize homosexual marriage in New York, supported by Gov. Andrew Cuomo, has created a moral contravention. I do not wish to be associated with the institutions of the State of New York henceforward, and do not want people to believe that I support the political views of the New York State Legislature on marriage.
I believe that democracy should be constructed through free will and choice rather than force. If I had believed in 1991 that the State of N.Y. would ever recognize homosexual marriage I would never have taken a degree from the Regents College/ University of the State of N.Y.
I believe it is the moral duty of the State of N.Y. to free those with a degree they deplore from the onerous relationship of a degree with their name on it issued by the State of N.Y.
I may be the right of a U.S. state to choose to enact perverted laws. It is equally the right of a citizen to sever all ties with such a state so far as possible.
thanks,
Gary C. Gibson
re; Request for deletion of my Bachelor of Arts degree (#----) issued from The University of the State of N.Y. in June 1991.
Please erase from your records a.s.a.p. the Bachelor of Arts degree I received and now deplore from The University of the State of N.Y. in June 1991.
I would like your records and all others reflecting my graduation from the University of the State of N.Y. to be as if I had never taken a degree from The University of the State of New York. I would appreciate acknowledgement from Excelsior College and The University of the State of N.Y. that the degree has been destroyed.
The degree, number ----- of June 1991 was signed by Gov. Mario Cuomo and delivered to P.O. Box 2019 Wrangell Alaska 99929 in June 1991. It is no longer something I want.
The action of the New York State legislature and Executive redefining marriage parameters is offensive to good sense and moral decency. It is misleading and deceptive to the public letting them think I want to have any association with the University of the State of N.Y. after corruption of N.Y. State marriage law.
The New York State legislature in passing a bill to legalize homosexual marriage in New York, supported by Gov. Andrew Cuomo, has created a moral contravention. I do not wish to be associated with the institutions of the State of New York henceforward, and do not want people to believe that I support the political views of the New York State Legislature on marriage.
I believe that democracy should be constructed through free will and choice rather than force. If I had believed in 1991 that the State of N.Y. would ever recognize homosexual marriage I would never have taken a degree from the Regents College/ University of the State of N.Y.
I believe it is the moral duty of the State of N.Y. to free those with a degree they deplore from the onerous relationship of a degree with their name on it issued by the State of N.Y.
I may be the right of a U.S. state to choose to enact perverted laws. It is equally the right of a citizen to sever all ties with such a state so far as possible.
thanks,
Gary C. Gibson
New York’s Legislature Makes Perverse Change to Definition of Marriage
When The Street decided to deregulate marriage in order to pack more youth into cheaper, exploitable employee spaces it required the sort of minimum wage and below, no medical benefits, bankers will loan to corporations they buy stock in logic that let Sam Walton become the largest retailer in the U.S.A.. Perversion may rise to be the top power tool incentive for promotion into the material prosperity so much admired within a retarded human social environment.
Democrats put a new, perverse wine of homosexual perversion into the old wineskin of heterosexual marriage. The Legislature and Governor of New York have successfully broken the meaning of marriage that existed since the foundation of the nation.
One can imagine Nathan Green, Patrick Henry, Alexander Hamilton or George Washington making mincing serpent eyes at lordly British aristocrats-The lord Fairfax’s of America, instead of revolting. In the new corporate ethos in an effort to wheedle an acre or two-a smidgen of five dollar designer coffee with whip cream and egregious frills the gay party might take a different course without substantial human rights reason.
A vague Darwinian politics of natural, amoral phenomenalism has led to a discarding of aretaic and other ethical structures that are valid epistemological inferences in favor of political nihilism. One experiences the transcendence of Kant’s moral imperative through the sheer force of Darwinian naturalism displacing intentional rational human cultural and ethical constructions.
There may be a collateral calculus for the Darwinian realm of evolutionary phenomenal unethics that allows a different and entirely subjectively personalized set of truth values to be used socially and politically in order to confer the greatest advantage upon those of that belief. It is something like a Wall Street commodities and derivatives values approach to trading truth as a constructed product added or subtracted to bids in order to make for a positive sum to-oneself.
If positive whole numbers were to be regarded as abstract units of truth value like a currency, then it would be entirely reasonable to add negative, imaginary false numbers to offset the positive numbers whenever useful-especially in politics, for the Darwinian evolutionary phenomenalists may regard truth as whatever is to their own personal advantage and social values and good as exploitable fictions.
The State Government of New York has opened the door further to diabolical biological transmutation progression from Boston San Francisco and London of the future transitioning the U.S.A .into the village of the damned. Dr. Skinner and Mengele believe they are doing human kind a favor reducing the biomass to better fit existential niches.
Contract law and appropriately labeled news structures might easily have been constructed by devotees of homosexual bonding relationships that would not have attacked the sanctity of marriage. Marriage should have continued as before while new homosexual relationships started their own tradition.
Now is a corrupt and perverse era of the United States. Atheist and greedy secularists seek to reduce human population, destroy social history, degrade the properties of individual civil rights and increase the concentration of absolute wealth and power upon this finite planet with finite resources and plausible deniability.
Approval of depravity to degrade resistant social structures historically coincides with the infarctive narratives of proxy fights for political takeovers. Wall Street financiers have expanded too far beyond the bounds of decency beginning with hostile takeovers followed by leveraged buyouts and a host of deregulations letting social economic equality become ruptured and replaced by impersonal, cold-blooded forces of concentrated immoral wealth hidden behind a camouflage of neo-democratic structures.
The Apostle Paul wrote; “the natural man receiveth not the things of The Spirit of God: for they are foolishness unto him; neither can he know them, because they are spiritually discerned.”-I Corinthians 2:14.
Democrats put a new, perverse wine of homosexual perversion into the old wineskin of heterosexual marriage. The Legislature and Governor of New York have successfully broken the meaning of marriage that existed since the foundation of the nation.
One can imagine Nathan Green, Patrick Henry, Alexander Hamilton or George Washington making mincing serpent eyes at lordly British aristocrats-The lord Fairfax’s of America, instead of revolting. In the new corporate ethos in an effort to wheedle an acre or two-a smidgen of five dollar designer coffee with whip cream and egregious frills the gay party might take a different course without substantial human rights reason.
A vague Darwinian politics of natural, amoral phenomenalism has led to a discarding of aretaic and other ethical structures that are valid epistemological inferences in favor of political nihilism. One experiences the transcendence of Kant’s moral imperative through the sheer force of Darwinian naturalism displacing intentional rational human cultural and ethical constructions.
There may be a collateral calculus for the Darwinian realm of evolutionary phenomenal unethics that allows a different and entirely subjectively personalized set of truth values to be used socially and politically in order to confer the greatest advantage upon those of that belief. It is something like a Wall Street commodities and derivatives values approach to trading truth as a constructed product added or subtracted to bids in order to make for a positive sum to-oneself.
If positive whole numbers were to be regarded as abstract units of truth value like a currency, then it would be entirely reasonable to add negative, imaginary false numbers to offset the positive numbers whenever useful-especially in politics, for the Darwinian evolutionary phenomenalists may regard truth as whatever is to their own personal advantage and social values and good as exploitable fictions.
The State Government of New York has opened the door further to diabolical biological transmutation progression from Boston San Francisco and London of the future transitioning the U.S.A .into the village of the damned. Dr. Skinner and Mengele believe they are doing human kind a favor reducing the biomass to better fit existential niches.
Contract law and appropriately labeled news structures might easily have been constructed by devotees of homosexual bonding relationships that would not have attacked the sanctity of marriage. Marriage should have continued as before while new homosexual relationships started their own tradition.
Now is a corrupt and perverse era of the United States. Atheist and greedy secularists seek to reduce human population, destroy social history, degrade the properties of individual civil rights and increase the concentration of absolute wealth and power upon this finite planet with finite resources and plausible deniability.
Approval of depravity to degrade resistant social structures historically coincides with the infarctive narratives of proxy fights for political takeovers. Wall Street financiers have expanded too far beyond the bounds of decency beginning with hostile takeovers followed by leveraged buyouts and a host of deregulations letting social economic equality become ruptured and replaced by impersonal, cold-blooded forces of concentrated immoral wealth hidden behind a camouflage of neo-democratic structures.
The Apostle Paul wrote; “the natural man receiveth not the things of The Spirit of God: for they are foolishness unto him; neither can he know them, because they are spiritually discerned.”-I Corinthians 2:14.
24 June 2011
A Little Known American Economic Hero
Brooksley Born was forced out of office during the Clinton administration for trying to use her authority to regulate derivative's trading in 1996. Her efforts were the sort of thing that would have restrained some of the subversive effects of derivatives trading.
http://en.wikipedia.org/wiki/Brooksley_Born
http://en.wikipedia.org/wiki/Brooksley_Born
A World of Small World's Elements ©2011GaryCGibson (poem)
Isotopes of ingenuity, Curies of rad
observation of change, constructions
in temporal moments add
Stendahl, Dostoyevsky and Tolstoy with Steinbeck's fields of wrath rifts
shaped with elements of hydrogen, helium and oxygen
forged through Higg's field
star formation novas
dust of being coalesced like rocky planetary ovas
where the kingdom of God is within you
within green forests flowering summers tilted toward starlight and song
thrushed through midnight and dawn
Elements of cells clumped governments
unable to tell right from wrong
where freedom and land are pawned
mortgages are collateralized debt obligations packed like fiber optics data around the world in markets gone bad
Elements building small worlds networks
cells to consume energy arise
complexity formed intaking power
molecular biology envisioning time
ticked off to sense the shadows of spirit
glistening in summer morning rain
aesthetic intuitions of beauty
purposefully adapted to plains
of time and being
in a created universe of universes
all things ordered in the will of God.
observation of change, constructions
in temporal moments add
Stendahl, Dostoyevsky and Tolstoy with Steinbeck's fields of wrath rifts
shaped with elements of hydrogen, helium and oxygen
forged through Higg's field
star formation novas
dust of being coalesced like rocky planetary ovas
where the kingdom of God is within you
within green forests flowering summers tilted toward starlight and song
thrushed through midnight and dawn
Elements of cells clumped governments
unable to tell right from wrong
where freedom and land are pawned
mortgages are collateralized debt obligations packed like fiber optics data around the world in markets gone bad
Elements building small worlds networks
cells to consume energy arise
complexity formed intaking power
molecular biology envisioning time
ticked off to sense the shadows of spirit
glistening in summer morning rain
aesthetic intuitions of beauty
purposefully adapted to plains
of time and being
in a created universe of universes
all things ordered in the will of God.
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