Capitalism creates CRISIS!

Course Blog for Soc 3151: Social Issues and Social Policy at Baruch College

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Archive for October, 2008

Welfare Misconceptions…

nbsp;http://www.youtube.com/watch?v=rnK84mM5N…
Ran across this link on YouTube and obviously it correlates to our ongoing discussion in class. Listen in to what Hannity says, specifically the part where he states “there are even people under the Obama tax plan that don’t work or pay taxes that will get money back”. Hannity makes it seem, as most conservatives [...]

Take me to the ball game

In my public policy class we are doing a project on Sport stadiums and how they are being built by tax money. I just wanted to throw out a few numbers.
These are all from the book “A Field of Schemes” by  Joanna Cagan and Neil DeMause
The construction of a new stadium can cost close to [...]

The Other Side Of Things

As I was doing research for my topic, The Social Welfare and Economic Imbalance In The Balkans, i came across this article that really blew my mind. As this is a class about social welfare and it encourages our questioning of these institutions, I remembered that it also provides for the analysis of these functions [...]

Now that’s welfare!

“The Candidates Debate Tax Cuts and Welfare”

?scp=1&sq=welfare&st=cse
So this is a recent article on NYTimes in which both McCain and Obama criticize the other’s tax policies, while making references to welfare. Basically McCain has been calling Obama’s Tax proposal a “welfare giveaway to working class voters”. He even accuses Obama of wanting to turn the IRS “into a giant welfare agency, redistributing [...]

“Boom Baby Boom” The reality of our social securtiy benefits…

Social security benefits are the conversations I hear my parents “the baby boomers” and their friends having these days with the current state of our economy. “Should we work for a couple more years so that we would be able to get our full benefits?” “what will happen to these benefits for the next generation [...]

A Twist to the General Perception of Welfare Recipients

I know that we have all heard of what people think of people who receive welfare. The media plays a huge role in  what people come to understand about welfare. Well this article that I found provides evidence that there are many other ways to cheat the government for money. The link I included shares [...]

More about Workfare

http://www.businessofgovernment.org/pdfs/Workfare.pdf
I found this study about the WEP (Work Experience Program) in NYC.  It localizes what we were talking about in class yesterday.  The PDF is a little long, but it is very informative.

4 Are Charged With Child Welfare Fraud

nbsp;http://cityroom.blogs.nytimes.com/2008/0…
This article shows four people trying to cheat the system by stealing money from people that needed welfare. They would steal government adoption subsidy payments that were supposed to be given to parents of adoptive children, some of whom had mental and physical disabilities. The second scheme was to steal money from the ACS by [...]

GRAPHS ON FOOD STAMPS !!!!!

I found this charts and they really caught my attention because i was never really familiar with the whole food stamps system untill now… It’s interesting to see how according to chart 1, some 85 percent of the benefits go to single parent homes or homes with no parents and only 15 percent go to children in [...]

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RSS Naked Capitalism

  • Links 11/7/09 November 7, 2009
    Three bald bears perplex experts BBC Antidepressants and Violence EconoSpeak. One of my pet peeves is how psychoactive medications are handed out like candy in the US. Just go to your MD, say you are exhausted, and once they eliminate anemia, chronic fatigue syndrome, and low thryoid, they assume it’s in your head and will offer [...] […]
  • Einhorn: First, Let’s Kill All the Credit Default Swaps November 7, 2009
    David Einhorn, who enjoys his considerable reputation for hard-fought battles against firms with shaky finances and dubious accounting (Alliance Capital and Lehman), has taken aim at a new and equally deserving target: credit default swaps. In an interesting bit of synchronicity, Einhorn’s comments in a letter to investors overlap to a considerable degree w […]
  • Guest Post: Investor Psychology … Fear Turns People Into Sheep November 6, 2009
    By George Washington of Washington’s Blog. Investors are basically rational, right? In fact, as many studies have demonstrated, the answer is no. But instead of wading through all of the investment psychology research, let’s look at research into people’s basic reasoning abilities. Bear with me for a minute. A study in an area unrelated to investing sheds li […]
  • The less optimistic view of Treasury’s handling of the crisis November 6, 2009
    By Edward Harrison of Credit Writedowns The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read [...] […]
  • Links 11/6/09 November 6, 2009
    Newborn Babies Cry in Native Tongue Live Science (hat tip reader John D) Understanding long term chronic pain symptoms from minor motor vehicle accidents RFK Action Front, This is intriguing. Second Life creates virtual world for businesses Raw Story (hat tip reader John D) Fannie Mae’s results – oh, and what if Bank of America reported the [...] […]

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RSS Naked Capitalism

  • Links 11/7/09 November 7, 2009
    Three bald bears perplex experts BBC Antidepressants and Violence EconoSpeak. One of my pet peeves is how psychoactive medications are handed out like candy in the US. Just go to your MD, say you are exhausted, and once they eliminate anemia, chronic fatigue syndrome, and low thryoid, they assume it’s in your head and will offer [...] […]
    Yves Smith
  • Einhorn: First, Let’s Kill All the Credit Default Swaps November 7, 2009
    David Einhorn, who enjoys his considerable reputation for hard-fought battles against firms with shaky finances and dubious accounting (Alliance Capital and Lehman), has taken aim at a new and equally deserving target: credit default swaps. In an interesting bit of synchronicity, Einhorn’s comments in a letter to investors overlap to a considerable degree w […]
    Yves Smith
  • Guest Post: Investor Psychology … Fear Turns People Into Sheep November 6, 2009
    By George Washington of Washington’s Blog. Investors are basically rational, right? In fact, as many studies have demonstrated, the answer is no. But instead of wading through all of the investment psychology research, let’s look at research into people’s basic reasoning abilities. Bear with me for a minute. A study in an area unrelated to investing sheds li […]
    George Washington
  • The less optimistic view of Treasury’s handling of the crisis November 6, 2009
    By Edward Harrison of Credit Writedowns The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from taxpayers to the banking industry. One need merely read [...] […]
    Edward Harrison
  • Links 11/6/09 November 6, 2009
    Newborn Babies Cry in Native Tongue Live Science (hat tip reader John D) Understanding long term chronic pain symptoms from minor motor vehicle accidents RFK Action Front, This is intriguing. Second Life creates virtual world for businesses Raw Story (hat tip reader John D) Fannie Mae’s results – oh, and what if Bank of America reported the [...] […]
    Yves Smith