Category Archives: Uncategorized
The $20 billion dollar game
“U.S. [c]onsumer spending on DVDs and Blu-ray in the first six months of the year for purchases and rentals was up 1.6 per cent from spending in the first half of 2007, according to Home Media Magazine’s market research department. The first half of 2008 tally: $10.77 billion U.S., compared with $10.6 billion U.S. a year ago.
“Spending on disc purchases rose 1.1 per cent, to $6.87 billion U.S. from $6.8 billion U.S.. Rental spending rose 2.6 per cent to $3.9 billion U.S. from $3.8 billion U.S., according to the trade publication.”
Man Bites Dog: UAW Finances GM Rescue Package
Last fall when the Big Three auto companies were in the middle of tough contract negotiations I published several research notes on the joint GM/UAW proposed solution to their health care problems.
The illusion of "constructive engagement"
As I found out while participating in a recent panel on labor rights in China, there are many seemingly well-intentioned liberals out there who still think that China will progress smoothly towards a democratic future. Thus, they argue for example, that it is time for American unions to “engage” with what they argue are also unions in China but what are, in fact, arms of the Chinese state.
Dispatches From Capitalist China in ‘Out of Mao’s Shadow’ by Philip P. Pan – NYTimes.com
Socialization of Risk – US steps in to help Fannie and Freddie
Treasury Takes Steps to Bolster Fannie Mae, Freddie Mac – washingtonpost.com
Buying a house on fire…..
Quote of the Day: True Believers
British journalist Malcolm Muggeridge was correspondent for the Manchester Guardian in Stalin’s Russia in the 1930s. He was amazed by the travels there of British pilgrims interested in seeing first hand the “great socialist experiment.”
News Corp Consolidates All Fox Interactive Employees Into New Facility
News Corp Consolidates All Fox Interactive Employees Into New Facility
Welcome to PrudentBear.com
A new blog for a new era….
For the time being I will be blogging over at Finance Capital. This is a new blog project that I have been thinking about for some time. I think the new global situation demands greater attention to the issues raised by finance capital.