India will double its investments in infrastructure to $1 trillion during the 11th Five Year Plan that begins 2012, with half of that expected from the private sector, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. Speaking at the annual meeting of the World Economic Forum at this Swiss ski resort, the key policy [...]
Posts Tagged ‘Joseph Stiglitz’
India targets $1 trillion infrastructure investment: Ahluwalia
January 28th, 2011 |
No Comments
Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems
December 13th, 2010 |
No Comments
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme.Virtually all independent economists and financial experts say that rampant fraud was lar…
The Economy Cannot Recover Until the Big Banks Are Broken Up
December 11th, 2010 |
No Comments
A lot of people still haven’t heard that the economy cannot recover until the big banks are broken up.But virtually all independent economists and financial experts say that it is vital to break up the giant banks, including:Nobel prize-winning economi…
Department of Justice “Crackdown” On Wall Street Is Just a P.R. Stunt Targeting Small-Time Crooks
December 8th, 2010 |
No Comments
Alan Greenspan, William Black, James Galbraith, Joseph Stiglitz, George Akerlof, Chris Whalen and many other economists and financial experts all say that the economy cannot truly recover unless those who committed fraud are prosecuted.So we should be…
No, The Big Banks Have Not “Paid Back” Government Bailouts and Subsidies
December 5th, 2010 |
No Comments
The big banks claim that they have paid back all of the bailout money they received, and that the taxpayers have actually made money on the bailouts.However, as Barry Ritholtz notes:Pro Publica has been maintaining a list of bailout recipients, updatin…
We Can Fix America If We Focus on What ALL Americans – Liberals AND Conservatives – Want
November 19th, 2010 |
No Comments
While there are some things that liberals and conservatives will never agree about, there are many things that we already all agree on. Knowing the many things we agree to empowers us, because it helps get us away from the distractions so that we can …
Even Greenspan Admits that Moral Hazard and Fraud are the Main Problems
November 6th, 2010 |
No Comments
Even Alan Greenspan is confirming what William Black, James Galbraith, Joseph Stiglitz, George Akerlof and many other economists and financial experts have been saying for a long time: the economy cannot recover if fraud is not prosecuted and if the…
Another Nobel Economist Says We Have to Prosecute Fraud Or Else the Economy Won’t Recover
November 3rd, 2010 |
No Comments
As economists such as William Black and James Galbraith have repeatedly said, we cannot solve the economic crisis unless we throw the criminals who committed fraud in jail.And Nobel prize winning economist George Akerlof has demonstrated that failure …
Even the Little Guy Now Realizes that the Stock Market is Gamed, And Many Are Pulling Out Entirely
September 19th, 2010 |
No Comments
As I noted in January:Joseph Stiglitz says that Wall Street is hyping up the economy to sell more stock.Has it worked?Well, the stock market certainly has rocketed up from its March lows.But many investors are still avoiding equities.As Vincent Deluard…
Will the Basel III Bank Regulations Change Anything?
September 14th, 2010 |
No Comments
The much-trumpeted Basel III increase in capital requirements will not be fully phased in until 2019.Many are criticizing the slow pace of implementation, including Joseph Stiglitz:“While it’s understandable given the weaknesses and the failings of…
Is It True that Alternative Energy Is Too Expensive?
May 24th, 2010 |
No Comments
Many people assume that alternative energy is simply too expensive, and not competitive with oil and other conventional means of energy.While some alternative writers allege that the big oil companies have artificially increased alternative energy pric…
The Bailout of Big American Banks Has Cost Trillions More Than We’ve Been Told
May 13th, 2010 |
No Comments
Granted, the $700 billion dollar TARP bailout was a massive bait-and-switch. The government said it was doing it to soak up toxic assets, and then switched to saying it was needed to free up lending. It didn’t do that either. Indeed, the Fed doesn’t …
Should a Stock Market Decline Stop the Goldman Prosecutions?
May 1st, 2010 |
No Comments
As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.From the San Francisco Chronicle:Half of America has only 0.5% of th…
5 Reasons We Must Break Up the Giant Banks
April 30th, 2010 |
No Comments
As everyone from Paul Krugman to Simon Johnson has noted, the banks are so big and politically powerful that they have bought the politicians and captured the regulators.But the giant banks are not only dangerous because they skew the political system….
A Banana Republic With No Bananas
April 12th, 2010 |
No Comments
Experts on third world banana republics from the IMF and the Federal Reserve have said the U.S. has become a third world banana republic (and see this and this).Are they right?Well, let’s look at Wikipedia’s description of the four factors which make …
Nobel Prize-Winning Economist: Federal Reserve System is Corrupt and Undermines Democracy
March 4th, 2010 |
No Comments
Joseph Stiglitz – former head economist at the World Bank and a nobel-prize winner – said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.Stiglitz said:If we [i….