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  Saturday, April 19, 2014
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Latest Articles

Voucher Communities - the Solution to Unemployment?
Sam Vaknin, Ph.D. - 4/13/2014
I. Executive Summary

"Voucher Communities" are communities of unemployed workers organized in each municipality. The unemployed exchange goods and services among themselves in a barter-like or countertrade system. They use a form of "internal money": a voucher bearing a monetary value.

Thus, an unemployed electrician can offer his services to an unemployed teacher who, in return, gives the electrician's children private lessons. They pay each other with voucher money. The unemployed are allowed to use voucher money to pay for certain public goods and services (such as health and ...

Paying College Football Players and Reforming University Athletics
Prof. Peter Morici - 4/13/2014
The advent of cable television offered universities vast new opportunities to profit from football and basketball, and the large and most lucrative programs have consolidated into five major conferences. Those dominate the Bowl Championship Series in football and the NCAA tournament in basketball and earn huge sums.

192, 000 Jobs Added in March but Wages Fall
Prof. Peter Morici - 4/6/2014
The economy created 192,000 jobs in March, down from 197,000 in February, and still well below the pace needed to lower underemployment to respectable levels. Those mediocre results are consistent with a broadly underperforming economy.

Slow Growth Continues Despite Abundance of Reasonable Solutions
Prof. Peter Morici - 3/28/2014
The economy grew 2.6 percent in the fourth quarter—hardly the 4 to 5 percent needed to provide enough jobs and restore housing prices to prerecession levels.

Shame On You! What’s Your Consumption Factor?
David M. Huntwork - 3/19/2014
It is interesting how wealthy liberals are continually blaming the American middle class for global warming, terrorism, and pretty much all of the world’s problems.

Economic Impact of the Crimea Crisis on Europe's Economy
Sam Vaknin, Ph.D. - 3/12/2014
Interview granted to Nova Makedonija on March 10, 2014

Where to Invest Your Money in an Aging Bull Market
Prof. Peter Morici - 3/12/2014
The bull market just marked its fifth anniversary—middle-aged by historical standards but not dead yet.

Mt Gox Collapse Shatters Bitcoin Myth of Virtual Money
Prof. Peter Morici - 3/5/2014
Bitcoin believers were shaken to their digital souls when Mt. Gox, the world’s largest exchange, defaulted on $470 million worth of deposits and closed.

Obama Budget Offers Little Relief from Jobs Drought
Prof. Peter Morici - 3/5/2014
Friday, the Labor Department is expected to report the economy added 150,000 jobs in February. This is less than half the pace needed to lower unemployment to an acceptable level, and President Obama’s budget promises little relief.

Slush Funds
Sam Vaknin, Ph.D. - 2/25/2014
According to David McClintick ("Swordfish: A True Story of Ambition, Savagery, and Betrayal"), in the late 1980's, the FBI and DEA set up dummy corporations to deal in drugs. They funneled into these corporate fronts money from drug-related asset seizures.

2014 Winter Olympics, Sochi -- Questions Unanswered
Sufyan bin Uzayr - 2/25/2014
The Sochi Olympics proved to be a big success -- exactly what Russia wanted. Right from the opening ceremony itself, the entire event was a megalith in terms of popularity and success. If one wanted to catch a glimpse of Russia’s glorious past as well as its vibrant art, this year’s Winter Olympics were the thing to watch!

More than Winter Chill Gripping Housing, Broader Economy
Prof. Peter Morici - 2/25/2014
President Obama and many of the nation’s top economists entered 2014 predicting a breakout year for the economic recovery. However, troubles in the housing sector indicate more difficulties and several more years of mediocre growth lie ahead.

More Articles


United States & Canada >>

The Risk of U.S. Default and Return of the Gold Standard

CBO Report Confirms Raising the Minimum Wage to $8.25 Is Best Option

Only 113,000 Jobs — How Decadence Breeds Decay!


Europe >>

Entertaining the Masses in Countries in Transition in Eastern and Central Europe

The Euro and The History of Previous Currency Unions

The Political Background to the Cyprus Crisis


Former USSR >>


Asia & Pacific >>


Africa >>

Mounting tensions between China and the US

The Political Dimension to China’s Economic Reforms

Barack ‘Adam Smith’ Obama?


Organizations & Media >>

Postcard From Singapore - The Meeting of World Bank and IMF

Immortality and Mortality in the Economic Sciences

Seven Concepts in Derivatives


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