It's sad that these people have an opportunity to help but instead support the problems. The Washington Post moderator gave a lot of time to Israel's Peres but tried to silence Turkey's Erdogan. The big applause getter was Peres claiming that Hamas is rocketing for no reason and that Gaza is not under seige. No amount of applause will erase the truth. Israel has always been the initiator of violence in Palestine. They never kept the June cease fire agreements. They promised to let in 750 trucks a day into Gaza but never let in more than 100-200. They promised to stay out of Gaza but on Nov. 4 killed 6 Gazans and later in Nov. killed 2 more. That is when Hamas started rocketing again. Hamas had reduced rocket fire from 400 a month to 3 a month and arrested non Hamas groups who were rocketing. Israel should be prosecuted for many violations of the 4th Geneva Convention. Since they ignore international law with the other rogue country, the U.S., we must start to boycott, divest, and sanction them just like we did to the other moral transgressor, South Africa. Start by boycotting Starbucks and Caterpillar. Isolate the Davos speakers and countries who applaud apartheid and genocide.
johnfromojai: It's sad that these people have an opportunity to help
Arianna, please have Joe write about how WRONG Ayn Rand is and how her system is complete fantasy, and lacks a core essential ingredient concerning humanity in that we are social creatures and we are interdependent on others for success. No man is an Island, Joe.
knosiswar: Arianna, please have Joe write about how WRONG Ayn Rand
the fact that bill clinton is in davos says it all; he was one of the prime starters (along w/ Greenspan) of this econ. meltdown-----a house in every pot; NINJA all the way; an insult that he is there; he's still saying "It's all gooood"-------unreal-----this guy lives in an alternate reality------WHY don't more people note it and confront it-----
spiritpony1: the fact that bill clinton is in davos says it
She looks good in Davos (Romansh: Tavau, Italian: Tavate) a municipality in the district of Prättigau/Davos in the canton of Graubünden, Switzerland ... located on the Landwasser River, in the Swiss Alps, between the Plessur and Albula Range.
The alps kind of sets her off ...
beaupritchard: She looks good in Davos (Romansh: Tavau, Italian: Tavate) a
Here's a thought. We need a universal grassroots stimulus package as follows: a program to install insulation, efficient heaters, lighting and appliances and photovoltaic solar panels on every roof in the country (Germany is a leader in this, so don't tell me that most of the country is too wintery - and who cares anyway - some generation is will be just fine). Think about that for a moment. Think of the thousands of contractors a program like this would spawn and the money that would circulate very quickly in every community. It would introduce liquidity at the level where it is needed most - well below the bankers and Wall Street. It would create good non-offshorable jobs and it would completely change the nature of energy delivery and cost and usher in a new era of opportunity and might even kick start our manufacturing sector. Every house in America is "shovel ready" right now - no waiting. Let's get to work.
Throwing money at the John Thains of this world will do nothing. Cutting taxes will not inject liquidity. We need trickle up economics. We need the money on Main Street - let Wall Street wither for a while, learn some lessons and later when things get healthy they can play a roll again, but on a much shorter leash.
Cheers,
Jack
Jackalheadedgod: Here's a thought. We need a universal grassroots stimulus package
i am not an expert, but the need is so great for jobs, money, energy, change and more that I am grasping at straws. I am certain there will be enormous downsides to any solution, but it is time to choose a way forward for better or worse. At the very least this would get some money circulating and at best it will transform us.
And, I have to believe that if we did this the technology would improve and the costs would diminish exponentially, a la transistor radios, VHS, DVDs, memory, etc., ad infinitum.
With cheap and abundant energy our horizons will limitless, and if we lead in this we capture the high ground again.
Cheers and hope,
Jack
Jackalheadedgod: i am not an expert, but the need is so
It seemed as if you were conflating the two (normal bankers and central bankers)
"central bankers" is kind of the misnomer. The functions of a central bank are:
implementing monetary policy
controlling the nation's entire money supply
the Government's banker and the bankers' bank ("lender of last resort")
managing the country's foreign exchange and gold reserves and the Government's stock register
regulating and supervising the banking industry
setting the official interest rate – used to manage both inflation and the country's exchange rate – and ensuring that this rate takes effect via a variety of policy mechanisms
Although both share the word "bank" in their names, only one of them can be defined as a "real" banking position.
Saad_Ahmad: Arianna, It seemed as if you were conflating the two
The alps kind of sets her off ...
Throwing money at the John Thains of this world will do nothing. Cutting taxes will not inject liquidity. We need trickle up economics. We need the money on Main Street - let Wall Street wither for a while, learn some lessons and later when things get healthy they can play a roll again, but on a much shorter leash.
Cheers,
Jack
And, I have to believe that if we did this the technology would improve and the costs would diminish exponentially, a la transistor radios, VHS, DVDs, memory, etc., ad infinitum.
With cheap and abundant energy our horizons will limitless, and if we lead in this we capture the high ground again.
Cheers and hope,
Jack
It seemed as if you were conflating the two (normal bankers and central bankers)
"central bankers" is kind of the misnomer. The functions of a central bank are:
implementing monetary policy
controlling the nation's entire money supply
the Government's banker and the bankers' bank ("lender of last resort")
managing the country's foreign exchange and gold reserves and the Government's stock register
regulating and supervising the banking industry
setting the official interest rate – used to manage both inflation and the country's exchange rate – and ensuring that this rate takes effect via a variety of policy mechanisms
Although both share the word "bank" in their names, only one of them can be defined as a "real" banking position.