US stockpile of money shrinks in Q1: New data presented by M3 Money Supply shows the stock of money in the United States has fallen from 14.2 to 13.9 trillion dollars in the first quarter of 2010. When Rivers Flow Upstream: International Capital Movements in the Era of Globalization: Most developing nations receive, on net, little or no capital from rich nations, and many are large exporters of capital to the rich nations. Five More Banks in U.S. Are Shut: State and federal regulators closed five banks in Florida, California and Nevada, bringing the nationwide total of failed institutions so far this year to 78, with 13 in Florida, six in California and two in Nevada. The Canadian ‘good banks’ myth: We are, according to the IMF, actually the third worst of the G7 countries, behind the US and Britain, in terms of financial stabilization costs. How and Why We Lie to Ourselves: Cognitive Dissonance: A classic 1959 social psychology experiment demonstrates how and why we lie to ourselves. Understanding this experiment sheds a brilliant light on the dark world of our inner motivations.
Monday, 31 May 2010
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