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Comment: Re:Another explanation (Score 2) 283

I tend to believe this is true about the global economy. It seems to me the simple way to say it is: A lot of the money has been sucked out of the global economy and hidden away. Thus the money is no longer useful.

Here is another leading economic indicator: http://www.bangkokpost.com/business/tourism/496613/macau-gdp-shrinks-17-6

Comment: What global economy are we referring to? (Score 1) 283

I'm not sure there is really an absolute correllation between economic growth and greenhouse gas emmissions. An increase in stock value does not increase global emmissions per se.

If the shadow banking, quantitative easing, and other shennagins are counted in the global economy there surely is no correllation.

Comment: Re:I think (Score 2) 136

by jmd (#49155957) Attached to: Under US Pressure, PayPal Stops Working With Mega

Yes this is the global stage. The US is but one actor in the global stage.

Unfortunately, the global framework of laws being developed are not political laws between countries but rather laws with roots in capitalism and finance. Humanity is being left out of the equation. Look at the TPP ... well from what you can find to read considering the negotiations are secret.

Comment: Been widely discussed (Score 1) 245

by jmd (#49132353) Attached to: The Peculiar Economics of Developing New Antibiotics


My father was one of the first to use the then new 'sulfa' drugs, it saved his life. This was when they were brand new and no studies had been done. I would venture to say in the 1930s when this happened profit was low on the totem pole of motivators to find drugs that save lives.

Today the decision to find new science will be based predominately on profit not necessarily to benefit humanity.

Comment: Experience shows (Score 4, Insightful) 156

by jmd (#49062921) Attached to: Bill Gates On Educating the World

Bill Gates and Microsoft have been around for a very long time. The only real metric we have about them is that Bill Gates is either the richest or second richest person in the world. Depending upon metrics used. That we know.

From that we can surmise that what Bill Gates and Microsft do excedingly well is take money from people and put it in their own pockets.

Since somewhere in the 90s Bill Gates has touted solving poverty with computers. All that has materialized is a transfer of wealth from many to one.

Just remember: poverty is the fruit of wealth.

Comment: Re:Muslims? (Score 1) 880

by jmd (#48602039) Attached to: Apparent Islamic Terrorism Strikes Sydney

I am not an apologist for any group. But can ask what we call it when the US Gov't (CIA especially) pulls off a coup or destabilizes a country fostering civil war.

I ask that as a serious question because if it is state sanctioned it appears as acceptable. If not state sanctioned then it is terrorism.

Remember the US Constitution clearly has avenues to redress the government up to and including overthrowing it. But if you choose to overthrow the government you'll likely spend a lot of time in jail or be dead.

Unix: Some say the learning curve is steep, but you only have to climb it once. -- Karl Lehenbauer