Archive for August, 2011

  • Freedom

    August 29th, 2011 by John Fullerton

    Forty eight years ago this Sunday, the Rev. Dr. Martin Luther King Jr. began his famous “I have a Dream” speech on the steps of the Lincoln Memorial by proclaiming it, the greatest demonstration for freedom in the history of our nation.” And it was.

    While the struggle for freedom has made progress since that historic >> Read more

  • Why We Need a Financial Transactions Tax

    August 21st, 2011 by John Fullerton

    Speculators may do no harm as bubbles on a steady stream of enterprise. But the situation is serious when enterprise becomes the bubble on a whirlpool of speculation. – John Maynard Keynes, Speculator and Economist You know you’ve hit a hot button when publicly traded >> Read more

  • Guest Post: Romney on Where Corporate Earnings Go: An Important Statement Misheard

    August 15th, 2011 by Peter Kinder

    Progressives have roasted Republican presidential candidate Mitt Romney for telling Iowa State Fair goers that corporations were people.  Rants about ‘corporate personhood’ popped up everywhere.

    But >> Read more

  • Only One Notch S&P?

    August 7th, 2011 by John Fullerton

    I recall when JPMorgan lost its AAA rating.  Those of us working there a long time felt the gloom of losing our specialness.  The rating agencies were right — the truth hurt.  Egos were stung.  And they were late, as they almost always are.

    No different with the downgrade of US Sovereign debt.  Any rational, objective observer must conclude “too >> Read more

  • Dispatches from Accelerating Community Capital Day at BALLE 2011

    August 1st, 2011 by Liana Scobie


    Accelerating Community Capital Day

    At the BALLE conference in Bellingham, Washington, I attended the pre-conference Accelerating Community Capital Day. Considering that the content of the conference is local living economies and the >> Read more