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	<title>Dvorak Uncensored &#187; economy</title>
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	<link>http://www.dvorak.org/blog</link>
	<description>General interest observations and true web-log.</description>
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		<title>Living Through Agentina&#8217;s Economic Collapse &#8212; Could It Happen Here?</title>
		<link>http://www.dvorak.org/blog/2009/11/19/living-through-agentinas-economic-collapse-could-it-happen-here/</link>
		<comments>http://www.dvorak.org/blog/2009/11/19/living-through-agentinas-economic-collapse-could-it-happen-here/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 19:30:21 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[international]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=63298</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial">
This is <a href="http://www.silverbearcafe.com/private/10.08/tshtf1.html"><u>an article</u></a> from several years ago by someone who saw what happened there first hand as things went from bad to hellish.  Here are some interesting pointers to remember:</p>
<blockquote><p><img style="margin-right: .2cm" src="http://www.survivalarts.com/images/burtgummer.jpg" width="250" align="left" /> 1) Those that want to harm you/steal from you don&#8217;t come with a pirate flag waving over their heads.</p>
<p>2) Neither do they start shooting at you 200 yards away.</p>
<p>3) They wont come riding loud bikes or dressed with their orange, convict just escaped from prison jump suits, so that you can identify them the better. Nor do they all wear chains around their necks and leather jackets. If I had a dollar for each time a person that got robbed told me, &#8220;They looked like NORMAL people, dressed better than we are&#8221;, honestly, I would have enough money for a nice gun. There are exceptions, but don&#8217;t expect them to dress like in the movies.</p>
<p>4) A man with a wife and two or three kids can&#8217;t set up a watch. I don&#8217;t care if you are SEAL, SWAT or John Freaking Rambo, no 6th sense is going to tell you that there is a guy pointing a gun at your back when you are trying to fix the water pump that just broke, or carrying a big heavy bag of dried beans you bought that morning.</p></blockquote>
<p>And then there&#8217;s this:</p>
<blockquote><p>Once the SHTF [shit hit the fan], money is no longer measured in money, but you start seeing it as the necessary goods it can buy. Stuff like food, medicine, gas, or the private medical service bill.</p>
<p>To me, spending 500 dollars on beauty products, and to make it worse, on a guy? That&#8217;s simply not acceptable.</p>
<p>The way I see it, someone with that mentality can&#8217;t survive a week without a credit card, no use in even considering a SHTF scenario. And this guy is a firearms instructor?&#8230; probably the kind of guy that will say that a handgun is only used to fight his way to his rifle&#8230; and his facial night cream&#8230;</p>
<p>Once you experience the lack of stuff you took for granted, like food, medicines, your set of priorities change all of a sudden. For example, I had two wisdom tooth removed last year. On both occasions I was prescribed with antibiotics and strong Ibuprofen for the pain. I took the antibiotics (though I did buy two boxes with the same recipe just to keep one box just in case) but I didn&#8217;t use the Ibuprofen, I added it to my pile of medicines.</p>
<p>Why? because medicines are not always available and I&#8217;m not sure if they will be available in the future. Sure, it hurt like hell, but pain alone isn&#8217;t going to kill you, so I sucked it up.</p></blockquote>
<p>Lot&#8217;s more words of wisdom on dealing with a collapse if you read the whole article. Just in case.</p>
<p><em>Found by Brother Uncle Don</em>
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/19/living-through-agentinas-economic-collapse-could-it-happen-here/feed/</wfw:commentRss>
		<slash:comments>23</slash:comments>
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		<title>Obama asks China to further destroy the dollar</title>
		<link>http://www.dvorak.org/blog/2009/11/17/obama-asks-china-to-further-destroy-the-dollar/</link>
		<comments>http://www.dvorak.org/blog/2009/11/17/obama-asks-china-to-further-destroy-the-dollar/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 20:34:34 +0000</pubDate>
		<dc:creator>Cherman</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=63164</guid>
		<description><![CDATA[<p><center><img src="http://d.yimg.com/a/p/rids/20091116/i/r128659992.jpg?x=400&#038;y=310&#038;q=85&#038;sig=JXcOvNPPk.mZGJ01W3oMLQ--" /></center></p>
<blockquote><p>U.S. President Barack Obama on Tuesday <a href="http://news.yahoo.com/s/nm/20091117/pl_nm/us_obama_china;_ylt=Ao5ezEC4C8j_mW4vVSPWiY.s0NUE;_ylu=X3oDMTJzYXVvaDZwBGFzc2V0A25tLzIwMDkxMTE3L3VzX29iYW1hX2NoaW5hBGNwb3MDMQRwb3MDMgRwdANob21lX2Nva2UEc2VjA3luX3RvcF9zdG9yeQRzbGsDb2JhbWFwcm9kc2No"><ins>urged a reluctant China to let its yuan currency rise in value</ins></a> at a summit where strains over trade between the two giants crept into proclamations of goodwill.</p>
<p>With the U.S. unemployment rate at 10.2 percent, one of Obama&#8217;s top priorities during his three-day trip to China is pressing Beijing over the huge trade imbalance between the two countries, a move he believes would pave the way for greater U.S. export opportunities.</p></blockquote>
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/17/obama-asks-china-to-further-destroy-the-dollar/feed/</wfw:commentRss>
		<slash:comments>30</slash:comments>
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		<title>The Fake Jobs of Obama’s Failed Stimulus</title>
		<link>http://www.dvorak.org/blog/2009/11/17/the-fake-jobs-of-obama%e2%80%99s-failed-stimulus/</link>
		<comments>http://www.dvorak.org/blog/2009/11/17/the-fake-jobs-of-obama%e2%80%99s-failed-stimulus/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 17:43:09 +0000</pubDate>
		<dc:creator>John C Dvorak</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=63158</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial">
<img src="http://www.dvorak.org/blog/wp-content/uploads/2008/06/unreported1.jpg" /></p>
<p><img src="http://www.tendancehightech.com/blog/wp-content/uploads/images/fashion/My-Vuitton-is-a-Fake.jpg" width = 500 /></p>
<p><a href="http://blog.heritage.org/2009/11/17/morning-bell-the-fake-jobs-of-obamas-failed-stimulus/"><strong><u>Morning Bell: The Fake Jobs of Obama’s Failed Stimulus » The Foundry</u></strong></a> &#8212; Fake jobs, fake districts. The work of fake experts.</p>
<blockquote><p>Forget everything bad you’ve ever heard about President Barack Obama’s $787 billion economic stimulus. Combing through the data on the $18 million Recovery.gov website, you’ll find tons of Obama stimulus success stories from across the country. In Minnesota’s 57th Congressional District, 35 jobs have been saved or created using $404,340 in stimulus funds. In New Mexico’s 22nd Congressional District, 25 jobs have been saved or created using $61,000 in stimulus cash. And in Arizona’s fighting 15th Congressional District, 30 jobs have been saved or created with just $761,420 in federal stimulus spending.</p>
<p>The it-would-be-funny-if-it-weren’t-our-tax-dollars-at-stake punch line here is that none of the above Congressional Districts actually exist. Yet those jobs “created or saved” claims still sit on the Obama administration’s official “transparency and accountability” website Recovery.gov. As the Washington Examiner’s David Freddoso points out, it would have been nearly costless for the Recovery.gov site designers to limit the input fields so that non-existent Congressional Districts never made it into the public domain, but for whatever reason the Obama administration chose otherwise. Defending the fake data on his website, Recovery.gov Communications Director Ed Pound told ABC News: “We report what the recipients submit to us. </p></blockquote>
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		<slash:comments>55</slash:comments>
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		<title>We&#8217;d Make How Much In Taxes If Pot Production Were Legal?</title>
		<link>http://www.dvorak.org/blog/2009/11/14/wed-make-how-much-in-taxes-if-pot-production-were-legal/</link>
		<comments>http://www.dvorak.org/blog/2009/11/14/wed-make-how-much-in-taxes-if-pot-production-were-legal/#comments</comments>
		<pubDate>Sat, 14 Nov 2009 13:00:52 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62923</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial;">
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<td align="center"><a href="http://www.sloshspot.com/blog/11-13-2009/If-Marijuana-Production-Were-Legal-Projected-Tax-Revenues-by-State-245"><img src="http://www.dvorak.org/blog/wp-content/uploads/2009/11/pot.jpg"  /></a><em>Click pic to embiggen</em> </td>
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		<slash:comments>43</slash:comments>
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		<title>Bill &#8220;the billionaire&#8221; Gates says Wall Street pay is &#8220;too high&#8221;!</title>
		<link>http://www.dvorak.org/blog/2009/11/13/bill-the-billionaire-gates-says-wall-street-pay-is-too-high/</link>
		<comments>http://www.dvorak.org/blog/2009/11/13/bill-the-billionaire-gates-says-wall-street-pay-is-too-high/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 12:20:40 +0000</pubDate>
		<dc:creator>SN</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[legal]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62823</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial">
<a href="http://www.reuters.com/article/newsOne/idUSTRE5AB0KL20091112?rpc=64"><strong><u>Reuters &#8211; Nov. 12, 2009</u>:</strong></a></p>
<blockquote><p>Bill Gates said on Wednesday he believes Wall Street pay is &#8220;often too high&#8221; and that U.S. government ownership of American International Group Inc worries him because it has devalued the giant insurer.</p>
<p><img src="http://www.imperialtea.com/AB1002000Store/images/accessories/kettles/blackkettlesolo300.jpg" alt="" align="right"/>The billionaire Microsoft founder, who retired in 2008 to concentrate on philanthropy, blamed a 1993 U.S. law that capped executive salaries at $1 million and warned that further bids to try limit Wall Street pay could also backfire.</p>
<p>&#8220;It was a bad milestone in controlling executive salaries when that $1 million cap went on,&#8221; Gates told a discussion on philanthropy at the 92nd Street Y cultural and community center in New York City.</p>
<p>&#8220;The compensation problem is a very interesting problem. I do think compensation is often too high, but it&#8217;s a very tough problem to solve,&#8221; said Gates, who was also ranked by Forbes on Wednesday as the 10th most powerful person in the world.</p>
<p>The $1 million limit on salaries encouraged companies to instead give executives lucrative stock options, sending pay to vast new heights.</p></blockquote>
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		<slash:comments>16</slash:comments>
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		<title>The Global Oil Scam</title>
		<link>http://www.dvorak.org/blog/2009/11/12/the-global-oil-scam/</link>
		<comments>http://www.dvorak.org/blog/2009/11/12/the-global-oil-scam/#comments</comments>
		<pubDate>Thu, 12 Nov 2009 13:38:48 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Scams]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62734</guid>
		<description><![CDATA[<p><img style="margin-left: 1cm" src="http://www.dvorak.org/blog/wp-content/uploads/2007/03/kidding_.jpg" alt="" /></p>
<div style="font-size: 88%; font-family: helvetica, arial">
<blockquote><p><a href="http://seekingalpha.com/article/172797-the-global-oil-scam-50-times-bigger-than-madoff?source=email"><u>$2.5 Trillion</u></a> &#8211; That’s the size of the global oil scam.</p>
<p>It’s a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in &#8220;Madoff Units&#8221; ($50Bn rip-offs). That’s right &#8211; $2.5Tn is 50 TIMES the amount of money that Bernie Madoff scammed from investors in his lifetime, yet it is also LESS than the MONTHLY EXCESS price the global population is being manipulated into paying for a barrel of oil.</p>
<p><img style="margin-right: .2cm" src="http://www.dvorak.org/blog/wp-content/uploads/2009/11/Oil-225x300.jpg" align="left" />Goldman Sachs (GS), Morgan Stanley (MS), BP (BP), Total (TOT), Shell (RDS.A), Deutsche Bank (DB) and Societe Generale (SCGLY.PK) founded the Intercontinental Exchange (ICE) in 2000. ICE is an online commodities and futures marketplace. It is outside the US and operates free from the constraints of US laws. The exchange was set up to facilitate &#8220;dark pool&#8221; trading in the commodities markets. Billions of dollars are being placed on oil futures contracts at the ICE and the beauty of this scam is that they NEVER take delivery, per se. They just ratchet up the price with leveraged speculation using your TARP money. This year alone they ratcheted up the global cost of oil from $40 to $80 per barrel.</p>
<p>A Congressional investigation into energy trading in 2003 discovered that ICE was being used to facilitate &#8220;round-trip&#8221; trades. &#8221; Round-trip” trades occur when one firm sells energy to another and then the second firm simultaneously sells the same amount of energy back to the first company at exactly the same price. No commodity ever changes hands. But when done on an exchange, these transactions send a price signal to the market and they artificially boost revenue for the company. This is nothing more than a massive fraud, pure and simple.</p></blockquote>
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/12/the-global-oil-scam/feed/</wfw:commentRss>
		<slash:comments>48</slash:comments>
		</item>
		<item>
		<title>A case against IP</title>
		<link>http://www.dvorak.org/blog/2009/11/10/a-case-against-ip/</link>
		<comments>http://www.dvorak.org/blog/2009/11/10/a-case-against-ip/#comments</comments>
		<pubDate>Tue, 10 Nov 2009 20:00:52 +0000</pubDate>
		<dc:creator>Cherman</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62471</guid>
		<description><![CDATA[<blockquote><p><img src="http://www.birkelandinnovasjon.no/ImageArchive/patent.jpg" class="alignright" width="150" /><a href="http://www.lewrockwell.com/orig10/krehic1.1.1.html"><ins>LewRockwell.com</ins></a> &#8211; Can anyone please explain to me how someone can be a just owner of something, yet not be allowed to exercise his or her ownership rights over it? He can throw rancid tomatoes at the painting, but not duplicate the pattern that makes the painting a painting, rather than just canvas and paint? Or, to use a different type of copyrightable pattern, how can someone own their own brain yet not own the part of it containing a song they memorized?</p>
<p>What we&#8217;re looking at is protectionism in disguise – government giving preferential treatment to one specific industry at the expense of the rest of society. Now, let&#8217;s go back to the copyright holder, the mysterious third party who was hurt by me copying the CD&#8217;s contents. What I&#8217;ve done by copying my friend&#8217;s CD is violate a government-imposed monopoly on copying the CD&#8217;s contents, the monopoly belonging to the copyright holder. Hence, according to the idea of intellectual property, I&#8217;m a thief. I&#8217;ve had the audacity to compete with the beneficiary of the monopoly. That is the sense in which I&#8217;ve supposedly hurt a third party.</p></blockquote>
<div style="font-size: 88%; font-family: helvetica, arial;">Quite long, but it makes you think. <br />
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/10/a-case-against-ip/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
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		<item>
		<title>Gold flies above U$1,100 for 1st time in history</title>
		<link>http://www.dvorak.org/blog/2009/11/09/gold-flies-above-u1100-for-1st-time-in-history/</link>
		<comments>http://www.dvorak.org/blog/2009/11/09/gold-flies-above-u1100-for-1st-time-in-history/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 19:30:36 +0000</pubDate>
		<dc:creator>Cherman</dc:creator>
				<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62450</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial;">
<blockquote><img align="left" style="margin-right: .2cm" src="http://img.breitbart.com/images/2009/11/9/CNG.38d1a363d5a9d9eb7392a4a7058ff210.1d1/photo_1257767913053-1-1.jpg" />Gold prices <a href="http://www.breitbart.com/article.php?id=CNG.38d1a363d5a9d9eb7392a4a7058ff210.1d1&#038;show_article=1"><ins>hit a record above 1,100 dollars</ins></a> on Monday with the dollar weakening after a pledge by G20 countries to keep economic recovery pumped up with easy money.</p>
<p>In morning trading here, gold struck an all-time peak of 1,109.50 dollars an ounce as the euro rose to 1.50 dollars for the first time in two weeks.</p></blockquote>
<p><center><strong><u><a href="http://www.kitco.com/charts/livegold.html"><u>Gold price in real time</u></a></u></strong></center><br />
<br />
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/09/gold-flies-above-u1100-for-1st-time-in-history/feed/</wfw:commentRss>
		<slash:comments>20</slash:comments>
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		<item>
		<title>Top bailed-out banks to pay $30 billion in bonuses</title>
		<link>http://www.dvorak.org/blog/2009/11/09/top-bailed-out-banks-to-pay-30-billion-in-bonuses/</link>
		<comments>http://www.dvorak.org/blog/2009/11/09/top-bailed-out-banks-to-pay-30-billion-in-bonuses/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 17:30:43 +0000</pubDate>
		<dc:creator>Cherman</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Scams]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62439</guid>
		<description><![CDATA[<p><img src="http://www.dvorak.org/blog/wp-content/uploads/2009/10/goldman666_1443843c.jpg" /></p>
<blockquote><p>Three of the largest Wall Street firms &#8212; which together received $45,000,000,000 in taxpayer bailouts &#8212; <a href="http://rawstory.com/2009/11/top-bailedout-banks-pay-30-billion-bonuses/" are on track to hand out $29,700,000,000 in bonuses</a> this year.</p>
<p>That&#8217;s only the three largest firms. JP Morgan Chase took $25 billion in government aid; Goldman Sachs and Morgan Stanley, $10 billion each. All three have paid back the government bailout money they&#8217;ve received, but the liquidity and &#8220;cheap money&#8221; offered by the Fed have kindled record profits at their investment and trading arms.</a></p></blockquote>
<div style="font-size: 88%; font-family: helvetica, arial;">Jobs, jobs, jobs, jobs, let&#8217;s vote for jobs! <br />
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/09/top-bailed-out-banks-to-pay-30-billion-in-bonuses/feed/</wfw:commentRss>
		<slash:comments>18</slash:comments>
		</item>
		<item>
		<title>What Kind Of Health Care Reform Should We Have?</title>
		<link>http://www.dvorak.org/blog/2009/11/09/what-kind-of-health-care-reform-should-we-have/</link>
		<comments>http://www.dvorak.org/blog/2009/11/09/what-kind-of-health-care-reform-should-we-have/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 13:20:16 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Health Care]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[medical]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62424</guid>
		<description><![CDATA[<p><center><img src="http://www.dvorak.org/blog/wp-content/uploads/2007/03/healthcare.jpg" alt="" /><br />
<img src="http://www.dvorak.org/blog/wp-content/uploads/2009/11/health.jpg" /></center></p>
<div style="font-size: 88%; font-family: helvetica, arial">
The House barely passed a bill that the <a href="http://www.reuters.com/article/topNews/idUSTRE59M4PB20091109"><u>Senate doesn&#8217;t like</u></a> in it&#8217;s current form. Lots of people on all sides want it to either do more or do less or do it completely differently.</p>
<p>Since our current system doesn&#8217;t work what with continually rising costs that are unsustainable, millions uninsured, the country&#8217;s financial health in bad shape and on and on, what should we do? With so many aspects and facets to the problem to consider, which ones are most important?</p>
<p>From minor tweaks to scrapping it all and starting over, where do you stand?</p>
<p>Look at the question from two perspectives. First, what would you do if you could wave a magic wand and start over without politicians being involved? In other words, the health care system of your dreams.</p>
<p>Second, given where we are and the idiotic political realities of the US these days, what are the politically and monetarily feasible changes to what we now have that you would like to see?
</p></div>
<p>
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		<wfw:commentRss>http://www.dvorak.org/blog/2009/11/09/what-kind-of-health-care-reform-should-we-have/feed/</wfw:commentRss>
		<slash:comments>111</slash:comments>
		</item>
		<item>
		<title>There&#8217;s A Steep Decline In Birthrate, Even In Developing Countries</title>
		<link>http://www.dvorak.org/blog/2009/11/06/theres-a-steep-decline-in-birthrate-even-in-developing-countries/</link>
		<comments>http://www.dvorak.org/blog/2009/11/06/theres-a-steep-decline-in-birthrate-even-in-developing-countries/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 13:30:56 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Ecology]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[international]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=62116</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial;">
<img style="margin-left: 1cm" src="http://www.goalsforamericans.org/gallery/d/340-4/3-3-05Overpopulation.jpg" alt="" /></p>
<blockquote><p><a href="http://www.economist.com/opinion/displayStory.cfm?story_id=14744915&#038;source=hptextfeature"><u>Fertility is falling and families are shrinking</u></a> in places— such as Brazil, Indonesia, and even parts of India—that people think of as teeming with children. As our briefing shows, the fertility rate of half the world is now 2.1 or less—the magic number that is consistent with a stable population and is usually called “the replacement rate of fertility”. Sometime between 2020 and 2050 the world’s fertility rate will fall below the global replacement rate.</p>
<p>At a time when Malthusian worries are resurgent and people fear the consequences for an overcrowded planet, the decline in fertility is surprising and somewhat reassuring. It means that worries about a population explosion are themselves being exploded—and it carries a lesson about how to solve the problems of climate change.</p>
<p>Today’s fall in fertility is both very large and very fast. Poor countries are racing through the same demographic transition as rich ones, starting at an earlier stage of development and moving more quickly. The transition from a rate of five to that of two, which took 130 years to happen in Britain—from 1800 to 1930—took just 20 years—from 1965 to 1985—in South Korea. Mothers in developing countries today can expect to have three children. Their mothers had six. In some countries the speed of decline in the fertility rate has been astonishing. In Iran, it dropped from seven in 1984 to 1.9 in 2006—and to just 1.5 in Tehran. That is about as fast as social change can happen.</p></blockquote>
<p>On the other hand:</p>
<blockquote><p>The Malthusians are right that the world’s population is still increasing and can do a lot more environmental damage before it peaks at just over 9 billion in 2050.</p></blockquote>
<p>On a vaguely related topic, many Chinese never learned how <a href="http://www.slate.com/id/2234600/"><u>not to get pregnant</u></a>.<br />
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		<slash:comments>15</slash:comments>
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		<item>
		<title>The Seeds Of Our Financial Crisis Were Sewn By&#8230;</title>
		<link>http://www.dvorak.org/blog/2009/11/02/the-seeds-of-our-financial-crisis-were-sewn-by/</link>
		<comments>http://www.dvorak.org/blog/2009/11/02/the-seeds-of-our-financial-crisis-were-sewn-by/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 03:52:26 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Video]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[humor]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=61831</guid>
		<description><![CDATA[<p><object width="500" height="405"><param name="movie" value="http://www.youtube.com/v/KX61PUZ3xkI&#038;hl=en&#038;fs=1&#038;rel=0&#038;color1=0x5d1719&#038;color2=0xcd311b&#038;border=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/KX61PUZ3xkI&#038;hl=en&#038;fs=1&#038;rel=0&#038;color1=0x5d1719&#038;color2=0xcd311b&#038;border=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="500" height="405"></embed></object></p>
<p><object width="500" height="405"><param name="movie" value="http://www.youtube.com/v/iakR7sB0skw&#038;hl=en&#038;fs=1&#038;rel=0&#038;color1=0x5d1719&#038;color2=0xcd311b&#038;border=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/iakR7sB0skw&#038;hl=en&#038;fs=1&#038;rel=0&#038;color1=0x5d1719&#038;color2=0xcd311b&#038;border=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="500" height="405"></embed></object><br />
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		<slash:comments>14</slash:comments>
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		<item>
		<title>Goldman Sachs Bet (ie, Knew) The Housing Crash Would Happen</title>
		<link>http://www.dvorak.org/blog/2009/11/02/goldman-sachs-bet-ie-knew-the-housing-crash-would-happen/</link>
		<comments>http://www.dvorak.org/blog/2009/11/02/goldman-sachs-bet-ie-knew-the-housing-crash-would-happen/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 00:32:09 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[crime]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=61808</guid>
		<description><![CDATA[<p><img src="http://blogs.ft.com/gapperblog/files/2008/09/banknote.jpg" alt="" /></p>
<div style="font-size: 88%; font-family: helvetica, arial">
It says something about the powers that be at the time that no one was watching for this crap, Madoff, etc.</p>
<blockquote><p>In 2006 and 2007, Goldman Sachs Group <a href="http://www.mcclatchydc.com/227/story/77791.html"><u>peddled more than $40 billion</u></a> in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.</p>
<p><a href="http://www2.goldmansachs.com/"><u>Goldman</u></a>&#8217;s sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation&#8217;s premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.</p>
<p>Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk.</p>
<p>Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman&#8217;s failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws.</p></blockquote>
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		<title>Clinton: &#8216;We tax everything that moves and doesn&#8217;t move&#8217;</title>
		<link>http://www.dvorak.org/blog/2009/10/31/clinton-we-tax-everything-that-moves-and-doesnt-move/</link>
		<comments>http://www.dvorak.org/blog/2009/10/31/clinton-we-tax-everything-that-moves-and-doesnt-move/#comments</comments>
		<pubDate>Sun, 01 Nov 2009 01:00:57 +0000</pubDate>
		<dc:creator>Cherman</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=61656</guid>
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<blockquote><p><img src="http://uppitynegronetwork.files.wordpress.com/2008/05/hillary-clinton.jpg" class="alignright" width="123" />The leadership of Al Qaeda is in Pakistan, <a href="http://www.dailytimes.com.pk/print.asp?page=2009\10\30\story_30-10-2009_pg1_1"><u>US Secretary of State Hillary Clinton said on Thursday</u></a>. “I find it hard to believe that nobody in your government knows where they are and couldn’t get them if they really wanted to,” she added.</p>
<p>“Maybe that’s the case; maybe they’re not gettable. I don’t know&#8230; As far as we know, they are in Pakistan,” Clinton told senior Pakistani newspaper editors in Lahore, AFP reported. “The percentage of taxes on GDP (in Pakistan) is among the lowest in the world&#8230; We (the United States) tax everything that moves and doesn’t move, and that’s not what we see in Pakistan,” she said.</p></blockquote>
<p>That&#8217;s great, Hillary!
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		<title>Are Companies Screwing The Future?</title>
		<link>http://www.dvorak.org/blog/2009/10/31/are-companies-screwing-the-future/</link>
		<comments>http://www.dvorak.org/blog/2009/10/31/are-companies-screwing-the-future/#comments</comments>
		<pubDate>Sat, 31 Oct 2009 12:00:34 +0000</pubDate>
		<dc:creator>Uncle Dave</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[economy]]></category>

		<guid isPermaLink="false">http://www.dvorak.org/blog/?p=61595</guid>
		<description><![CDATA[<div style="font-size: 88%; font-family: helvetica, arial">
Not only does this show that government numbers like unemployment and GDP are too broad to be really useful, but that the details within them are more troubling for the future than the public realizes.</p>
<blockquote><p><img style="margin-right: .2cm" src="http://www.dvorak.org/blog/wp-content/uploads/2009/10/screwed.jpg" align="left" width="250"/><a href="http://www.businessweek.com/magazine/content/09_45/b4154034724383.htm"><u>The third-quarter GDP figures</u></a>, released on Oct. 29, showed the economy growing at a 3.5% annual pace, breaking a string of four consecutive negative quarters. The growth was driven mostly by a surge in the production of motor vehicles and other manufactured goods.</p>
<p>This number was greeted by many economists and journalists as confirmations that the recession is over. What&#8217;s more, the rise in real GDP, combined with a sharp fall in employment in the third quarter, implies that productivity also soared during the period. Good news, right?</p>
<p>The trouble is that those GDP and productivity growth figures could be significantly overestimated—perhaps by one percentage point or even more.</p>
<p>That&#8217;s because the official statistics are not designed to pick up cutbacks in &#8220;intangible investments&#8221; such as business spending on research and development, product design, and worker training. There&#8217;s ample evidence to suggest that companies, to reduce costs and boost short-term profits, are slashing this kind of spending, which is essential for innovation.<br />
[...]<br />
Here&#8217;s a sobering sign that companies are robbing the future to pay for short-term profits: Over the past year, U.S. employment of scientists and engineers—the people who create the next generation of products and make the U.S. more competitive over the long term—has fallen by 6.3%, according to a BusinessWeek tabulation of unpublished data. Yet overall employment has fallen only 4.1%. </p></blockquote>
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