by Elliott Morss, Morss Global Finance
The Charter of the FCC sets forth the following objectives:
Promoting competition, innovation and investment in broadband services;
Supporting the nation's economy by ensuring an appropriate competitive framework for the unfolding of the communications revolution;
Revising media regulations so that new technologies flourish alongside diversity and localism.
by William K. Black, New Economic Perspectives
On February 6, 2014, Mario Draghi, the head of the ECB said a series of contradictory things each of which indicated a failure to understand economics – and the BBC article about his policies failed to point out or analyze this failure. Draghi’s primary message, in response to news that “Eurozone inflation slowed to 0.7% in January from 0.8% in December” was:
“We have to dispense with this idea of deflation. The question is – is there deflation? The answer is no.
We have to treat the recovery with extreme caution. It is very fragile. It is starting from very low levels but it is proceeding.”
February 17th, 2014
in Op Ed
by Ellen Brown, Web of Debt
The credit card business is now the banking industry's biggest cash cow, and it's largely due to lucrative hidden fees.
You pay off your credit card balance every month, thinking you are taking advantage of the "interest-free grace period" and getting free credit. You may even use your credit card when you could have used cash, just to get the free frequent flier or cash-back rewards. But those popular features are misleading. Even when the balance is paid on time every month, credit card use imposes a huge hidden cost on users-hidden because the cost is deducted from what the merchant receives, then passed on to you in the form of higher prices.
by Reverse Engineer, Doomstead Diner
Published on the Doomstead Diner on 15 February 2014
Discuss this article at the Economics Table inside the Diner
The Big Newz on the economic front over the last couple of weeks has been the ongoing collapse of various Peripheral Currencies, including but not limited to the Argentinian Peso, the Thai Bhat, the Brazilian Real, the Ruskie Rouble and the Japanese Yen. The last 3 are actually very Big Players of course, so a complete collapse of any of those currencies would wreak havoc in the world of FOREX trading, and market finance in general.