Petrol

Economy

I had long been curious as to where Australia sat in terms of its pricing of petrol but was too lazy to put together a list. Fortunately Bloomberg has saved me the trouble. Most expensive gas ranking: Price per gallon of premium gasoline: Norway $9.69 Denmark $9.37 Italy $9.35 Netherland $9.35 Greece $9.23 Sweden $8.97…

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Alec Baldwin Talks To Joseph Stiglitz

Economy

Also worth a listen… This week on Here’s the Thing, Alec talks about the financial crisis with Joseph Stiglitz, a Nobel Prize-winning economist. Stiglitz shows no restraint when unleashing criticism of presidential policies — on both sides. Of President Barack Obama’s financial-industry rescue plan, Stiglitz said that whomever designed it was “either in the pocket of…

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Marx At 193

Economy

Well worth a listen to – Consider these passages from The Communist Manifesto, which Marx wrote with Engels in 1848, after being kicked out of both France and Germany for his political writings: Capitalism has subjected the country to the rule of the towns. It has created enormous cities. Capitalism has agglomerated population, centralised means of…

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So….Whats New?

Trading Resources

The bank’s strategy was “flawed, complex, poorly reviewed, poorly executed and poorly monitored,” Mr. Dimon said Thursday in a hastily arranged conference call with analysts and investors after the stock-market close. He called the mistake “egregious, self-inflicted,” and said: “We will admit it, we will fix it and move on,” he said. Interestingly it has…

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Venture Capital

Trading Resources

I have written before on how  ordinary the performance is of over hyped hedge fund industry and how the only people involved who get rich are the managers. It seems that the same thing can be said of venture capital investments. The following is the executive summary of the Kaufman Foundations report on venture investing…

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