Pennies should be abolished because they are, in essence, economically inefficient.
Archive | November, 2011
Google’s $29 Billion 2010 Revenue In Perspective [Infographic]
30 Nov
Click to enlarge
Infographic by Businessmba.org.
Temporary Employee Workforce This Holiday Season [Infographic]
30 Nov
Click to enlarge
Infographic by Mindflash.
Someone Just Pushed The Rewind Button On Technological Evolution
29 Nov
At least it clutters your home and wastes paper in an adorable manner.
Liberty Bond Marketing 1918, 1940
29 Nov
Marketing campaign for World War I War Bonds (1918): The human version of the Statue of Liberty created by 1,800 soldiers dressed in their army uniforms. Other patriotic human formations here.
Charlie Chaplin made silent films to help the government sell bonds in 1918.
The clips above is a part series of sketches involving various bonds like the bond of marriage and friendship and, last but not least, the Liberty Bond, providing the government with enough weapons to beat the Kaiser.
Another advertising poster for World War I Liberty Bonds.
The August 1943 issue of the 4 Favorites shows the «War Bond» beating Hirohito, Adolf Hitler and Benito Mussolini.
Even Bugs Bunny, Porky Pig and Elmer Fudd contributed to the political propaganda in this short 90-second cartoon Any Bonds Today? by Warner Brothers.
Why America Is Failing To Educate Enough Hard Science Graduates
29 Nov
Infographic by Online Engineering Degree.
American Debt For Dummies [Clip]
28 Nov
A new series on debt to help everyone understand the state of the U.S economy.
The Great Escape [Clip]
27 Nov
A lonely desk toy escapes from a dark office by using Google Maps Street View. In his toy car he takes a cross country road trip to the Pacific Coast.
NASA: Mission To Mars [Clip]
27 Nov
An animation visualizing NASA’s Mars Science Laboratory mission, which will launch in the last part of 2011 and land the «Curiosity» rover on Mars in August of 2012.
Steve Jobs At NeXT [Clip]
25 Nov
Young Steve Jobs discussing business strategy with early employees at the company he co-founded in 1985, NeXT. Good stuff.
[via Paul Kedrosky]
Protesters: Occupy The Economics Departments Of Universities [Clip]
24 Nov
Steve Keen, professor of finance and economics, is opposed to capitalism parasitizing itsef by letting the financial sector create far more credit than people really need. He suggests that protesters should occupy universities as they have contributed to the spread of the decadent ideas that dominate modern economics today. In this clip BBC’s Hardtalk lets Keen elaborate his radical views on how to design the future credit system.
Eye On The Market: Another Don Quixote Thanksgiving [Report]
24 Nov
Chief Investment Officer of JP Morgan, Michael Cembalest, talks energy in his latest market report. Topic: The quixotic search for energy solutions.
Source: Forbes [via Paul Kedrosky]
Depiction Of What It Costs To Generate All The US’s Electricity With Different Energy Sources
24 Nov
Source: xkcd money.
Conglomerate: The Consolidation Of The American Food Industry
24 Nov
Recently the American «Big Food» Industry successfully lobbied to define pizza sauce as a vegetable under school lunch rules. Most nutritional changes that doctors have been advocating for years have also been blocked by the industry, essentially forcing impoverished schools to continue serving unhealthy, processed food to children.
As these collective meals seem to be a burden, both directly and indirectly, for public budgets, how about a encouraging more parents to prepare healthy meals their children can bring to school? This is no thorough solution, of course. Just a passing thought on this specific matter, corresponding with the individualistic American philosophy. The problems are obviously deeper rooted, closely intervened with other sectors, and prompts a greater systemic change.
Frugal Dad made this amusing visualization on what they claim is «a shocking consolidation of the American Big Food Industry». I hope we see a substantial reorganization of sector subsidies and laws – preferrably not solely written by big business this time around.
Happy Thanksgiving!
Source: Frugal Dad [I thank Kirsten for the pointer]
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WSJ Markets
- Markets Flinch as Fed Eyes Easy-Money EndBernanke said the Fed could start winding down its $85 billion-a-month bond-buying program later this year, setting up a high-stakes test to see if the economy and markets can begin to stand on their own.
- Fed Result, China PMI Weigh on Asian SharesAsian markets were lower Thursday in the wake of Wednesday's Federal Reserve policy meeting outcome and a weak China PMI reading. The Hang Seng fell 2.2%.
- China Manufacturing Hits a Nine-Month LowChina saw a fresh sign of economic weakness on Thursday, as an initial gauge of manufacturing health slumped to a nine-month low in June.
- As Sanctions Bite, Iran Invests in GeorgiaEconomic sanctions against Iran have made it hard for Iranians to do business abroad. But Iranian businessmen are flocking to Georgia, a U.S. ally in the Caucasus region, to pursue profits.
- Banks Blundered on Mortgage PactFour of the largest U.S. mortgage servicers failed to comply with parts of a $25 billion landmark national mortgage settlement, the watchdog overseeing the process said.
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