this just in: 90% of all money is created out of thin air

“None are more hopelessly enslaved than those who falsely believe they are free.”
- Johann Wolfgang von Goethe
“Modern Money Mechanics: A Workbook on Bank Reserves and Deposit Expansion” was first written by Dorothy M. Nichols back in 1961 and last revised by Anne Marie L. Gonczy in 1994.
Long out of print, the workbook was designed as a primer [...]

nortel throws money overboard, pleads to excecutives to grab hold for survival

It was 5 years ago, in the New York Times business section, when we read that:
“Shares of Nortel Networks, the biggest maker of telecommunications equipment in North America, plunged 18.5 percent today, after the company said it placed two of its top financial officers on paid leave.“

Today, Nortel is a sad shadow of its former self and [...]

when bad karma comes home to roost, it usually ends in GM (General Misery)

AWAITING DESTRUCTION–Old Pacific Electric cars are piled up like toys at junkyard on Terminal Island, California, awaiting dismantling and destruction. -image from The Los Angeles Times - March 19, 1956
It used to be said that: “What’s good for GM is good for the country.”
 
Between 1926 and 1950, General Motors (together with Firestone Tire, Standard Oil, Phillips Petroleum, the Mack Truck Company, [...]

how does an SNL skit get pulled by NBC and youtube?

Satire is supposed to be messy. It’s supposed to be biting and even nasty at times.
It can be scattershot and long-winded (as in this SNL skit). It can also provide a wonky dose of reality and insight into our smug, media massaged world of instant analysis and expert telepundits.  By doing so, it can occasionally reveal some kernel of [...]

a recipe for global economic meltdown — serves 6.7 billion

 Here’s a recipe for global economic meltdown. You’ll find this one in a chapter
under soufflés. Just add greed, political instability, stir in incompetence, corporate malfeasance, sociopathic tendencies, add more greed and then wait several years for a crust of deception to rise.
Be careful though, the whole thing is empty of contents and extended scrutiny or a long, hard look of any kind may result in the soufflé falling flat.   …Serves [...]