From the BBC
Pretty convenient considering the state of the economy. But this is probably true. Here's a link to the study.
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
16.5.13
7.5.13
Food for Thought
(From Spiegel On Line)
"Britain, which has yet to recover from the 2008 financial crash, is peering enviously at Germany's economic structure with its focus on engineering, its medium-sized firms, apprenticeships, regional banks and long-term business approach. The opposition Labour Party, but also the Conservative-led government, are starting to embrace German ideas."
Maybe they know what they're doing.
13.9.10
Food, Inc.
We watched Food, Inc. the other night. It was a bit of a bummer. The Fuzz wasn't really surprised by the meat industry, having seen this stuff before. We have raised goats, geese and chickens ourselves, and know it's not necessary to treat them this bad.
What got The Fuzz the most, was how the corporations were hounding and suing the little people to get a monopoly. That, and the apparent collusion by the government in all this.
What got The Fuzz the most, was how the corporations were hounding and suing the little people to get a monopoly. That, and the apparent collusion by the government in all this.
30.3.10
At Least They Will Be Covered
Ah, "Health" Insurance. There was a meeting about insurance changes today. When it was over, The Fuzz crunched the numbers a bit.
If he were to have this insurance stuff on his family, it would take at least 1 week's pay per month.
The deductible would exceed another 2 month's pay.
1 out of 4 weeks pay would work out to about 3 months pay per year.
Add on the other months for deductibles.
We are looking at over 5 month's pay per year here.
And congress has decided to force him to pay this.
But on the bright side, at least they will be covered.
If he were to have this insurance stuff on his family, it would take at least 1 week's pay per month.
The deductible would exceed another 2 month's pay.
1 out of 4 weeks pay would work out to about 3 months pay per year.
Add on the other months for deductibles.
We are looking at over 5 month's pay per year here.
And congress has decided to force him to pay this.
But on the bright side, at least they will be covered.
4.3.10
High Finance
The Fuzz was listening to the radio the other day. Someone was explaining the financial world system. The best he could make out was it works like this.
1) A borrows 10 bucks from B.
2) A gives B IOU.
3) B sells IOU to C at a profit*.
4) D borrows 10 bucks from E.
5) D gives E IOU.
6) E sells IOU to C at a profit*.
7) C staples the IOUs together and sells them to F at a profit*.
8) F sells the lot to G at a profit*.
9) G sells to H at a profit*.
10) A&D skip town.
11) H sells to I at a profit*.
12) I can't find A or D to collect on IOUs.
13) Congressman J borrows 25 bucks from China to give to I.
14) I gives congressman J 5 buck campaign contribution.
15) Taxpayer U owes China 30 bucks.
At least that's the best he could make of it. But we have to remember that The Fuzz is just a dumb-ass garbage man so we shouldn't expect him to understand these things.
*Just where this profit comes from is one of the things The Fuzz doesn't quite get.
1) A borrows 10 bucks from B.
2) A gives B IOU.
3) B sells IOU to C at a profit*.
4) D borrows 10 bucks from E.
5) D gives E IOU.
6) E sells IOU to C at a profit*.
7) C staples the IOUs together and sells them to F at a profit*.
8) F sells the lot to G at a profit*.
9) G sells to H at a profit*.
10) A&D skip town.
11) H sells to I at a profit*.
12) I can't find A or D to collect on IOUs.
13) Congressman J borrows 25 bucks from China to give to I.
14) I gives congressman J 5 buck campaign contribution.
15) Taxpayer U owes China 30 bucks.
At least that's the best he could make of it. But we have to remember that The Fuzz is just a dumb-ass garbage man so we shouldn't expect him to understand these things.
*Just where this profit comes from is one of the things The Fuzz doesn't quite get.
20.3.09
Chastened Investment Bankers
From US News & World Report-
"Today, Citigroup shows that whole "chastened investment banker" meme is basically a lie. According to Bloomberg, Citi gets $45 billion in taxpayer bailout money and decides its chief executive and top lieutenants should spend $10 million on new offices."
The unemployment rate here is 14.5%
We have to fill out our *tax papers on the kitchen table since we lack a $10 million office to do it in.
These people seem to have totally lost touch with reality.
*The Taxes that are paying for these "Offices".
"Today, Citigroup shows that whole "chastened investment banker" meme is basically a lie. According to Bloomberg, Citi gets $45 billion in taxpayer bailout money and decides its chief executive and top lieutenants should spend $10 million on new offices."
The unemployment rate here is 14.5%
We have to fill out our *tax papers on the kitchen table since we lack a $10 million office to do it in.
These people seem to have totally lost touch with reality.
*The Taxes that are paying for these "Offices".
2.10.08
Reality?
All this stuff about "Credit" is a little hard for a Dumb Ass Garbage-man like The Fuzz to understand. It sounds like these Big Wheels borrowed money from somewhere, and got rich somehow, with money that seems to not even exist to begin with. Now the people who didn't get rich this way are expected to come up with (actually borrow from somewhere) the money to pay for all of this.
1.10.08
Question
Q. If this Bailout is so important to the World Economy, why aren't some other countries willing to put something in the pot?
24.9.08
"Market Adjustments"
The "Free Market" guys said "The Market" would adjust itself. I think they were right. All those worthless "Securities" are in fact, worthless.
But now they don't like this and don't want to let "The Market" adjust. The should just let those guys go broke and put them in a Homeless Shelter like real people.
But now they don't like this and don't want to let "The Market" adjust. The should just let those guys go broke and put them in a Homeless Shelter like real people.
22.9.08
Stupid Economics
I'm obviously no Economist, nor is The Fuzz. It seems we always end up buying high and selling low. But I do know that there are people I won't "loan" money to. I might give it to them, but I've got better sense than to call it a "loan". It seems that the "experts" do things differently.
I saw a while back where one of those big banks hired a new guy and gave him $4,000,000 just to sign on. This was in addition to $1,000,000 of stock and I would assume his regular pay, what ever that is. Some of us would have to literally work for centuries to get that.
What The Fuzz wants to know is, if these guys are so smart, and worth so much to the bank, why am I and other taxpayers having to help them out? What do we want with a bunch of worthless loans? If they are no good to them, they're no good to us.
And now I hear that we are even going to buy bad debt from stupid foreign bankers. And all of this will be done with money that we don't have.
There seems to be a serious lack of reality to all this.
I saw a while back where one of those big banks hired a new guy and gave him $4,000,000 just to sign on. This was in addition to $1,000,000 of stock and I would assume his regular pay, what ever that is. Some of us would have to literally work for centuries to get that.
What The Fuzz wants to know is, if these guys are so smart, and worth so much to the bank, why am I and other taxpayers having to help them out? What do we want with a bunch of worthless loans? If they are no good to them, they're no good to us.
And now I hear that we are even going to buy bad debt from stupid foreign bankers. And all of this will be done with money that we don't have.
There seems to be a serious lack of reality to all this.
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