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I never realized that the routine behavior of central banks provides a simple, seemingly risk-free way for commercial banks to make money, at least in the eurozone (I wonder if this system is as easy to game here in the US). Basically, money just grows on trees for them. Simon Johnson, MIT econ professor and [...] As I like to say, in the context of political discussions, when people talk about the “rich”, they are generally referring to “people who make more than I do.” The term “the rich” means what people want it to mean, which perhaps means that it has lost much of its meaning. For those who think [...] China has one of the most entrepreneurial cultures on Earth, according to Business Week: The latest numbers from the Organization for Economic Cooperation & Development (OECD) show that China’s rate of self-employment far exceeds that in the U.S.—51.2% versus 7.2%—a gap that hasn’t changed much since 2001, when the data first became [...] I often don’t like these kinds of productions, but this rap video is awesome. |
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Copyright © 2012 Amol Kapila - All Rights Reserved |
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