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Topic Summary

Posted by: Killthebank
« on: February 19, 2024, 09:16:20 pm »

https://youtu.be/sZQAUCfU4Z4?si=JxUvLVdzVhTKVi86

Why companies focus on maximizing shareholder value instead of making quality products and maintaining a healthy/high morale workforce.

3:10 shows what the Dodge logo looked like back then. It explains a lot.

The TL;DW: Henry Ford wanted pay his workers high wages and sell his vehicles at low mark up. The other investors wanted more dividends. Ford was majority shareholder so he decided the direction of the company. Two brothers with the last name "Dodge" took him to court arguing the CEO must look out for that interests of the shareholders and won. The Dodge brothers started their own car company with the dividends from the Ford investments.

I don't see any opinions of Ford ln this site but I'd imagine they're mixed because his actions indicate he's a "Boromir". Manufacturing vehicles for mass use didn't help either.
Posted by: Schwartze Katze
« on: February 18, 2024, 12:16:27 pm »

These Are The Billionaires Buying Hawaii
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America’s richest have been buying in Hawaii for years, but no one knew exactly how extensive their holdings were. To figure it out, Forbes spent months digging through thousands of property records on Hawaii’s six biggest islands. The results were astonishing: Just 37 billionaires own at least 218,000 acres. That’s 5.3% of the state’s total land and 11.1% of all non-government-owned land—though it is likely even higher given the lengths to which these billionaires go to obscure their ownership. Expressed a different way: Those 37 people, equal to just 0.003% of Hawaii’s total population of 1.4 million, own more than 10% of its land.

With billionaires like Oprah Winfrey, Mark Zuckerberg and Larry Ellison buying up so much real estate, locals are wondering if Hawaii is becoming a playground for the rich.
https://www.youtube.com/watch?v=eQp2_YNe5Bo
Posted by: GlobalDebtCrisis
« on: December 16, 2023, 12:32:11 pm »

The global debt crisis - Is the world on the brink of collapse? | DW Documentary
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Experts are sounding the alarm: the world is caught in a debt trap. The global mountain of debt has increased to more than 300 trillion US dollars. To cancel it out, the Earth’s population would have to work for nothing for three years. Is this a cause for concern?

Will private individuals, companies and even entire nations at some point collapse under the weight of this debt mountain? The film looks for the stories behind the debts to discover what can be done to address the problem. In Argentina, for example: Over the past 200 years, the country has faced bankruptcy eight times.
 
In the United States, people are punished for their poverty. Annita Husband was detained for months in a debtors’ prison in the state of Mississippi. Her fate is just one extreme example from a society in which more and more people in debt find themselves in a hopeless situation and lose their freedom.

But debts per se aren’t a bad thing, insists economist Christoph Trebesch. Particularly when the borrowed capital is used for sensible investments, debts make sense. But there are plenty of negative stories. One standout example of the credit-fueled hubris is the project "The World”, artificial islands off the coast of Dubai that, seen from the air, resemble a map of the world. Luxury properties built on the islands were designed as resorts for the super-rich. But the project ground to a halt in the financial crisis of 2008. Since then, the wind and the sea have blurred the outlines of some of the islands.

The film explores the question: what are the consequences of debts - for both debtors and creditors? And what sort of solutions might be on hand to deal with the gigantic volume of debt taken on by nations, companies and private households?
https://www.youtube.com/watch?v=0coUiuG5gG4
Posted by: 90sRetroFan
« on: November 28, 2023, 05:03:11 pm »

https://twitter.com/byHeatherLong/status/1724094437733626104

Quote
Nearly 2 in 5 Americans will receive an inheritance in their lifetime.

They're most likely to be white and well off already.

Yet almost no one has to pay an "estate tax" anymore. It's one of the biggest loopholes for the rich in the US tax code

https://www.washingtonpost.com/business/2023/11/10/inheritance-america-taxes-equality/
Posted by: ScrutinyShield
« on: September 26, 2023, 12:13:16 pm »

How Shadow Banks are Exacerbating China’s Economic Crisis
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China's economy isn't having a great time at the moment. Despite the CCP announcing a series of measures last week, the economic prospects aren't really improving, and China's shadow banking sector is showing signs of stress. In this video, we explain the shadow banking sector, why it's the biggest in the world, and why it could worsen China's economic crisis.
https://www.youtube.com/watch?v=uoeRMnKCvzI
Posted by: SwitzerlandAgain
« on: September 14, 2023, 05:17:02 pm »

How Switzerland Secretly Helps Russia
Quote
Why Switzerland Helps Russia Hide Gold
https://www.youtube.com/watch?v=5p-suGLfwg0

Top comment at time of post:

Quote
1939
Switzerland: We're neutral.
Netherlands: So are we.
Germany: No you're not.

 ;D

See also:  https://trueleft.createaforum.com/issues/monetary-wealth/?message=18517
                 https://trueleft.createaforum.com/issues/monetary-wealth/?message=18620
                 https://trueleft.createaforum.com/issues/monetary-wealth/?message=18940
Posted by: Germany
« on: September 01, 2023, 02:28:53 pm »

The rise of economic nationalism alongside the rise of ethno-nationalism, fueled by nations such as Israel and Hungary primarily, and to lesser degrees the EU and the US, is sure to lead humanity to great places I am sure!? Won't be long now that the countries of the world come together to tackle major issues such as climate-change head on...  ::) ;D

The rise of economic nationalism | Business Beyond
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For decades, the free market was lauded for fostering enterprise and pulling millions of people out of poverty. Today, as younger generations struggle to achieve the prosperity of their parents,  there’s an increasing debate about the pitfalls of a pull-yourself-up-by-your-bootstraps mentality. In this episode of Business Beyond, we examine the growth in big government around the world, looking at the impact of US President Joe Biden’s Inflation Reduction Act, and how climate change, the Covid-19 health emergency and the energy crisis triggered by Russia’s war in Ukraine are shifting attitudes towards the government’s role in society. Featuring expert analysis from former WTO Chief Pascal Lamy, historian and author Jacob Soll, Rakeen Mabud of Groundwork Collaborative, economist Jakob Hafele and CEO of the Roosevelt Institute Felicia Wong.
https://www.youtube.com/watch?v=UJ39JdKSEdc
Posted by: 2ThaSun
« on: June 20, 2023, 02:24:10 pm »

Why Has China's Economy Suddenly Slumped?
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While it first appeared China's economy was making a great post-pandemic recovery, recent economic data is casting doubt on this narrative. So in this video, we break down why China's property sector, exports and consumption are hold back their economy.
https://www.youtube.com/watch?v=oCe1Qs7Z5T4
Posted by: 2ThaSun
« on: June 04, 2023, 12:34:42 pm »

China's Local Government Debt Crisis Explained
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In order to meet Beijing's ambitious growth targets, local governments have amassed huge debts as domestic demand has slowed and this practice has become unsustainable. In this video we explain this brewing economic crisis and why it's bad news for China.
https://www.youtube.com/watch?v=2arQDBzJnj0

China's Escalating Debt Crisis Sparks Concern Among Investors | Vantage with Palki Sharma
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Global investors are increasingly getting concerned over the escalating debt levels of China’s local governments. Several provinces and cities are grappling with billions in loans. According to an IMF report, the local governments' collective debt stands at an astounding $10 trillion. Palki Sharma tells you more.
https://www.youtube.com/watch?v=830thjHt_j0
Posted by: 2ThaSun
« on: June 03, 2023, 01:27:51 pm »

How Erdogan’s Re-election Exacerbated Turkey’s Economic Crisis
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The Turkish Lira has undergone a protracted collapse under Erdogan's presidency and his recent re-election has renewed pressure on the currency. In this video, we break down this accelerated decline and explain why Erdogan's policy is now unsustainable.
https://www.youtube.com/watch?v=GJobZygW0PY
Posted by: 2ThaSun
« on: June 02, 2023, 10:35:42 am »

FACT SHEET: Biden-⁠Harris Administration Announces New Actions to Build Black Wealth and Narrow the Racial Wealth Gap
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One hundred years ago, the thriving Black community of Greenwood in Tulsa, Oklahoma, known as “Black Wall Street,” was ruthlessly attacked by a violent white supremacist mob. An estimated 300 Black Americans were killed and another 10,000 were left destitute and homeless.

The destruction wrought on the Greenwood neighborhood and its families was followed by laws and policies that made recovery nearly impossible. The streets were redlined, locking Black Tulsans out of homeownership and access to credit. Federal highways built through the heart of Greenwood cut off families and businesses from economic opportunity. And chronic disinvestment by the federal government in Black entrepreneurs and small businesses denied Black Wall Street a fair shot at rebuilding. These are the stories of Greenwood, but they have echoes in countless Black communities across the country.

Because disparities in wealth compound like an interest rate, the disinvestment in Black families in Tulsa and across the country throughout our history is still felt sharply today. The median Black American family has thirteen cents for every one dollar in wealth held by White families.

Today, on the centennial of the Tulsa Race Massacre, the Biden-Harris Administration is announcing new steps to help narrow the racial wealth gap and reinvest in communities that have been left behind by failed policies. Specifically, the Administration is expanding access to two key wealth-creators – homeownership and small business ownership – in communities of color and disadvantaged communities.
Entire article: https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/01/fact-sheet-biden-harris-administration-announces-new-actions-to-build-black-wealth-and-narrow-the-racial-wealth-gap/
Posted by: 2ThaSun
« on: June 01, 2023, 01:38:29 pm »

Can we Trust Russia's Economic Data?
Quote
Despite ongoing sanctions and a struggling invasion, the Kremlin continues to play down the impact it's had on their economy, but there's reason to be skeptical of this. So in this video, we discuss whether we can trust Russia's relatively positive data.
https://www.youtube.com/watch?v=hDye4gqBgYk
Posted by: 2ThaSun
« on: May 27, 2023, 01:40:22 pm »

Quote
Every couple of years Republicans and Democrats play a game of chicken with the debt ceiling, threatening a catastrophic sovereign default...

Not only do Americans have to worry about electing a new leader every four years, they also have to worry about a "catastrophic sovereign default" every couple of years. Meanwhile the health of Americans continues to deteriorate due to "unmitigated stress": https://trueleft.createaforum.com/true-left-vs-right/western-civilization-is-a-health-hazard/?message=19723

Western politicians continue to destroy the health of their fellow civilians without a care in the world, all because they enjoy ridiculous political games and culture wars...

The US Debt Ceiling Crisis Explained
Quote
With the debt limit deadline approaching, Biden and McCarthy are close to agreeing a deal to once again raise the ceiling and avoid a global financial catastrophe. So what exactly is the debt ceiling? And is this all just a dumb game of political chicken?
https://www.youtube.com/watch?v=8BLa9VtBxL4
Posted by: Loopholes
« on: April 18, 2023, 08:51:36 pm »

Best comment to the above video:

Quote
Oh my gosh, I never would have guessed the holes in Swiss cheese were a sarcasm of the Swiss character.

Posted by: Loopholes
« on: April 18, 2023, 08:28:20 pm »

Russian sanctions loopholes: Is Switzerland profiting from its 'neutrality'? | DW News
Quote
Is Switzerland doing all it can to implement sanctions on Russia?  And what are other western countries doing to prevent Russia from trading with the West?  According to a report in the Financial Times, some Swiss companies are using a loophole in Switzerland's sanctions legislation to circumvent restrictions and are continuing to trade in millions of dollars of Russian gold and oil. DW talked to Anastassia Fedyk, assistant professor of finance at Haas School of Business at the University of California, Berkeley.
https://www.youtube.com/watch?v=xH7DeFbrq2Y

See also: https://trueleft.createaforum.com/issues/monetary-wealth/?message=18517