Capitalism creates CRISIS!

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

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“The engine of unbridled capitalism, with its unfair system of thought, has reached the end of the road and is unable to move.”

Ahmadinejad would probably like this blog.  Here’s the article link:
http://www.cnn.com/2009/POLITICS/09/23/general.assembly.ahmadinejad/index.html?eref=rss_topstories

Fashion has no mercy

Free Speech: Hadley Freeman Ponders The Fashionable Fallout Of A Faltering Economy
http://www.style.com/stylefile/2008/10/free-speech-hadley-freeman-ponders-the-fashionable-fallout-of-a-faltering-economy/
Contradicting to my other post about financialization of fashion, in this article it almost seems as if it doesn’t care if the economy has any impact on it at all. They feel like fashion still continues, still has the need to provide to people [...]

What’s the next step for fashion?

Fashion industry hit by hard financial times
http://www.3news.co.nz/News/NationalNews/Fashion-industry-hit-by-hard-financial-times/tabid/423/articleID/104380/cat/64/Default.aspx
In this articles it basically just talks about how the crisis harmed the fashion industry.  I find it ineresting that they are talking on new ideas on how to make their sales. I did my research paper on fashion and financialization of fashion.  WIth this point proven, there are [...]

JP Morgan Says Losses on WaMu Credit Cards Could Reach 24%

I smell a “ahh I knew this was going to happen moment”. Almost like a kick in the face.  This article basically talks about the credit card loans that many banks are failing to collect. Hmm, I woornder why. This is to say and show how serious credit cad debt is. I mean banks offer [...]

Standards of Fashion

It seems as if everyone wants something different.  The more unique the clothing is, the more fashionable and expensive it will be.  The article “Fashion lives outside malls” by Anna Barbara Lorenzo, does a good job at describing how the mass production hurts fashion marketability.  She stated:
“Mass production maybe good for certain businesses, but it [...]

steal this university

these are the quotes I got from the first two chapters of steal this university, which helped me write my paper.
 
“in the past twenty years, more than 500 new for-profit colleges and universities have opened their doors- at the four year level, for-profits have increased their number from 18 to 192. “- p15
-this is a [...]

Suprstar Economics #2

           I reviewed the article, “Superstars without talent? The Yule distribution controversy”, by Laura Spierdijk and Mark Voorneveld. The article is quite interesting, as it focuses on the world wide phenomenon of novice artists that start their career with little or no talent and end up with all the benefits of being a superstar. The [...]

Financialization of the NBA…part 2

Jeff Schmidt writes in Disciplined Minds that industry looks for “an obedient thinker, an intellectual property whom employers can trust to experiment, theorize, innovate and create safely within the confines of an assigned ideology” (Schmidt), so to, the NBA does the same with its players. Have you ever heard a player speak out on the [...]

Superstar economics #1

           Sherwin Rosen’s, “the economics of superstars”, is a very interesting article. This is a topic which I wanted to research and write on for quite some time. To start off, all artists these days are signed for profit gain. The way that playing the stock market is a gamble, the same is with artists. [...]

The Oligarchy

          I read an excerpt from Simon Johnson’s article, “U.S. Oligarchs and their Minions”. The article basically states that one possible outcome that can occur if, this financial crises prolongs in a certain way, is the reign of an Oligarchy. Now, the definition of an Oligarchy is a form of government where power effectively rests [...]

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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