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Greenspan said he found a flaw in his general ideology.
Seeded on Thu Oct 23, 2008 8:51 PM EDT (TheHill.com)
Greenspan said he found a flaw in his general ideology. "I made a mistake in presuming that the self-interest of organizations, specifically banks, were such that they were best able in protecting their own shareholders and the equity in their firms," Greenspan said.
Credit Rating Executives Acknowledge Failures
Seeded on Thu Oct 23, 2008 8:49 PM EDT (VOA News)
From the page: "When the referee is being paid by the players, no one should be surprised when the game spins out of control."
Unequal growth, unequal recession?
Seeded on Wed Oct 22, 2008 1:06 AM EDT ()
From the page:"Is it a case of "heads, the rich gain; tails, the poor lose"? ... If governments can take on the role of lender of last resort, then we should be willing to see government as the employer of last resort. "
Growing Unequal? Income Distribution and Poverty in OECD Countries
Seeded on Wed Oct 22, 2008 1:05 AM EDT (Newsroom)
Growing Unequal? brings together a range of analyses on the distribution of economic resources in OECD countries.
Nuclear weapons debated in Sydney
Seeded on Tue Oct 21, 2008 1:52 AM EDT (BBC News)
The first meeting of the newly established International Commission on Nuclear Non-Proliferation and Disarmament has been held in Sydney.
Fat cats may be taxed 50% under new plan
Seeded on Tue Oct 21, 2008 1:51 AM EDT (The Age)
Fat cats earning $1 million or more would have their earnings taxed at 50 per cent under a plan that has the backing of senators holding the balance of power in the federal parliament.
Game over for corporate fat cats: Rudd
Seeded on Mon Oct 20, 2008 7:39 AM EDT (Australian Broadcasting Corporation)
Prime Minister Kevin Rudd says he believes Australians are increasingly angry about corporate greed, as he defends his response to the global financial crisis.
Golobal financial crisis "failure of extreme capitalism": Rudd
Seeded on Mon Oct 20, 2008 7:38 AM EDT (The Economic Times)
Terming "executive greed" behind the financial sector collapse, Australia's Prime Minister Kevin Rudd on Wednesday blamed that the glo bal economic crisis, a result of the "comprehensive failure of extreme capitalism."
Passengers hurt in Qantas bus incident
Seeded on Mon Oct 13, 2008 9:44 PM EDT ()
Seven people were injured when a Qantas bus swerved to avoid an accident with another vehicle at Sydney Airport
Stream exclusive AC/DC tracks
Seeded on Mon Oct 13, 2008 9:43 PM EDT (Australian News Network)
BLACK Ice, the new AC/DC album and their first for eight years, is one their fans and the ailing music industry have long waited for.
Nobel Prize to Arch-Critic Krugman Is Blow to Bush
Seeded on Mon Oct 13, 2008 9:42 PM EDT (Bloomberg.com)
While Princeton University Professor Paul Krugman was honored today for ``analysis of trade patterns of and locations of economic activity,'' he's more widely known for twice-weekly columns in the New York Times and appearances on television, in which he regularly attacks the pre …
Nobel winner Krugman says world recession likely
Seeded on Mon Oct 13, 2008 9:41 PM EDT (Reuters)
The world is likely headed for a deep recession despite the European-led plan to bail out banks hit by the credit meltdown, the U.S. economist who won the 2008 Nobel prize for economics said on Monday
Joseph Stiglitz: The chuckling economist
Seeded on Mon Oct 13, 2008 9:41 PM EDT (Australian Broadcasting Corporation)
Stiglitz argued that the markets had failed in their three main tasks
Stiglitz Delivers Lecture On Financial Crisis
Seeded on Mon Oct 13, 2008 9:40 PM EDT ()
Talking about 'The Financial Crisis – lessons for economic theory and policy,' Stiglitz's lecture coincided with the current credit crunch, and while this wasn't intentional, he called it 'inevitable.' According to Stiglitz, economists had been warning about an immi …
Mirror, Mirror on the (Facebook) Wall
Seeded on Mon Oct 13, 2008 3:54 AM EDT (The Washington Post)
.. whether narcissists are prone to self-promotion on Facebook and whether that narcissism can be detected by other users. The short answer is yes: Narcissists do tend to be more active on Facebook, and they do post self-promoting text and pictures.
Nature loss 'dwarfs bank crisis'
Seeded on Mon Oct 13, 2008 3:53 AM EDT (BBC News)
The global economy is losing more money from the disappearance of forests than through the current banking crisis, according to an EU-commissioned study
Hundreds turned away from homeless shelters daily
Seeded on Fri Oct 10, 2008 1:05 AM EDT ()
Australia's homeless crisis is becoming so bad many are being kicked back onto the streets by shelters because there's no room.
Australia. Come walkabout.
Seeded on Wed Oct 8, 2008 12:26 AM EDT (Australian Broadcasting Corporation)
Baz Luhrmann's Tourism Australia ad
Empire lies at the core of American identity
Seeded on Wed Oct 8, 2008 12:25 AM EDT (Australian Broadcasting Corporation)
From the page: Historians have divided American empire into:
AUS PM Blames "Greed-Is-Good" Ideology of the 80s for Financial Mess We Are Still To Clean Up
Seeded on Sun Oct 5, 2008 10:47 PM EDT (Australian Broadcasting Corporation)
"It is perhaps time now to admit that we did not learn the full lessons of the greed is good ideology. And today we are still cleaning up the mess of the 21st Century children of Gordon Gekko," he said.
Police Distresses Girl
Seeded on Sun Oct 5, 2008 10:14 PM EDT (Australian News Network)
Motorist Mark Faulkes said his 13-year-old daughter Amy was distressed after seeing the sheep Tasered
Thousands rally against racism in Italy
Seeded on Sun Oct 5, 2008 10:13 PM EDT (Australian Broadcasting Corporation)
The government in Italy has deployed 500 troops around the southern town of Caserta, near Naples, where thousands of people have been demonstrating against racism and the apparent mafia killing of six African immigrants last month.
Disgrace EU governments must address
Seeded on Sun Oct 5, 2008 10:12 PM EDT ()
Disgrace EU governments must address
Government losing support for Afghanistan campaign
Seeded on Fri Oct 3, 2008 1:43 AM EDT (Australian Broadcasting Corporation)
Australian support for a continued military presence in Afghanistan has significantly dwindled in the latest wide-reaching poll conducted by the international policy think tank, the Lowy Institute.
Chorus of failure grows ever louder over Afghanistan
Seeded on Fri Oct 3, 2008 1:43 AM EDT (The Sydney Morning Herald)
Critics of the US war in Afghanistan now include the British ambassador, writes Paul McGeough.
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