2014: The Market Is Not The Economy And The Winner-Takes-All Society

You hear that old saw that “the market is not the economy,” a lot these days, and for good reason. As ConvergEx’s Nick Colas notes, the S&P 500 breaks to record highs – but U.S. labor markets remain sluggish; investor portfolios do well – but over 47 million Americans (more than 15% of the population) are still in U.S. food stamp program – the same as August 2012. The important question now is: “Is the market TOO different from the economy?” Record corporate profits – the reason for all-time highs in U.S. equities – come with little hiring or wage gains.  The hottest growth stories are business models with lots of customers but very few employees. The recently purchased WhatsApp – for $19 billion – has 55 employees. Investment payoffs – and increasingly social outcomes as well – are technology-enabled, asymmetric and sporadic. How soon before we reach a […] Read More

Davos 2014: Elite Are Launching Global Internet Governance

By Susanne Posel Occupy Corporatism At the World Economic Forum (WEF) the Global Commission on Internet Governance (GCIG) was announced as a “two-year initiative that will present a comprehensive stand on the future of multi-stakeholder Internet governance.” The GCIG was created by the Centre for International Governance Innovation (CIGI) and the Royal Institute of International Affairs (RIIA). One purpose of the GCIG is to “create and advance a strategic vision for the future of Internet governance that can act as a rallying point for states that are striving for a continued free and open Internet.” Using influence to foster debate, the GCIG will lobby heads of state, incorporate public relations tactics and inject pro-agenda propaganda into the mainstream ideology across the globe. Some of the members of the GCIG are: Sir David Omand, former head of the UK’s GCHQ Michael Chertoff, former secretary of the Department of Homeland Security (DHS) Carl […] Read More

McDowell County, USA Has Close to Haiti's Life Expectancy: Welcome to Third World America

Many Americans, especially in the South, can look forward to dying far younger than their counterparts in Japan, Australia, New Zealand and much of Europe. The Affordable Care Act is merely a small step in the direction of universal healthcare. One need only look at the data on life expectancy among Americans to realize how badly health care reform is needed in the United States. People in much of Europe are, on the whole, outliving residents of the U.S., which in some places, is looking more and more like a Third World country when it comes to life expectancy. There is a considerable amount of data on life expectancy among Americans, much of it disturbing.  According to the World Health Organization, the U.S. lags behind a long list of countries when it comes to overall life expectancy. WHO has reported that the U.S., factoring in both genders, has an […] Read More