Salient to Investors: The worst recession in six decades is hurting workers while leaving bosses almost unscathed. Between 2007 and 2010, people in nonprofessional occupations without college degrees saw median earnings fall 4.6 percent versus a 1.9 percent rise for college-educated professionals or managers. BLS reports 8.1 percent of workers with a high school degree
READ MORE... →Observations by Professor Robert Skidelsky and Lecturer Edward Skidelsky: Power relationships and the insatiability of human wants maintain our acquisitiveness. Economic growth has trumped all other objects of economic policy. Shift to a market-based philosophy of growth abandons any interest in the social outcome of growth. The Anglo-American system of the past 30
READ MORE... →Salient to Investors: History may be repeating itself. Historians take a longer and bleaker view on a Euro Zone breakup than economists. In both cases, the founding generation was dying out as crisis hit and disintegration loomed. Ruble zone breakup was led to runaway deficits and hyperinflation and every Soviet state
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