Time For Change To Change
The US could save $100 million per year by changing the way we make our smallest coins, even more if we eliminate them. Upgrading our bills could add further savings. Currency reform is the fiscally responsible thing to do, but look out for a bitter fight if it is proposed.
EU: Will The 750 Billion Euro Bailout Stop The Debt Crisis?
The European Union, in conjunction with the International Monetary Fund, has established a 750 Billion Euro ($ 975 Billion) aid package last night. The size of the package is a lot higher than originally expected, in an effort to send a strong message to worldwide financial markets. The European Union will defend its currency, and […]
Iceland: Volcano’s Wrath Matches The 2008 Financial Collapse
It is as if Mother Nature on April 14 in Iceland illustrated what will surely be Icelanders’ eruption of anger once they have the time to look into what is called Iceland’s Black Report. The ashes of Eyjafjallajokull volcano are likely to dissipate long before the ones still smoldering from Iceland’s financial collapse, created in […]
Is Europe’s Model Better Than America’s Shock Capitalism?
The global financial and economic meltdown of 2008, which originated in the United States, was a perfect opportunity for Americans to seriously reconsider their conception of “free market”, and put into question America’s own brand of “wild” capitalism, where the cycles of economic boom and bust always end up making the wealthy-few richer, and the […]
Legalizing Marijuana: The Golden State’s Pot Of Gold?
This week, a ballot initiative to legalize marijuana possession by adults qualified for the California ballot. The Regulate, Control and Tax Cannabis Act of 2010 is coming up for a vote. It’s becoming obvious that unlike failed legalization initiatives in the past (of which California has had at least two), the debate will this time center around money.
