Carpet Weavers and Poverty Crisis

Lack of demand has created extensive unemployment and discouraging weaving income that from 45-50 looms now has only 5-6 looms. Most of the technical master weavers have left to urban cities in search of jobs. The weavers who left the villages to urban cities due to lack of other rural employment opportunities would mess up cities. Reaching urban cities only adds up urban poverty because they do not get the suitable jobs there too.

Basics of Welfare Economics

Human beings are the building blocks of society. The societies agglomerate to make states. And then the nations are formed. The economy of a nation is the indicator of its prosperity

The Consumer Price Index (CPI): Only the Tip of the Iceberg

Who doesn’t want to believe that inflation is somewhere below 3 or 4%? But then again, who wouldn’t like to believe that money really does grow on trees? Kidding aside, unlike the money on trees story, Americans continue to be led down the primrose path regarding inflation. What I’m saying is that the supposed low rate of inflation today is a full-blown urban myth.

Economic Justice

We all pay it lip service as we do democracy and freedom. Who among us will resolve to live it?

Beige Book Negates Ground Floor Economics

Often when one reads the Federal Reserve’s Beige Book economic snap shots, outlook and regional predictions one would wonder do they simply dismiss the underground economy of illegal aliens small businesses, cash economy or illegal drug trade?

2005: Year of the Balance of Power

In 2005, Economics, Politics, Business, Technology, and Media have all seen a balance of power. An Analysis.

Oil Prices, Our Economy, and Katrina

With skyrocking (up and down) gas prices, the cost to fuel our cars just to go to work has taken it's toll. Are they conditioning us for even higher prices?

Economic Forecasting: The Basics

Unlike inaccurate weather forecasts where we can make alternate plans with little or no consequences in the larger scheme of life, wrong economic forecastsing can have serious consequences. Even when making decisions about your financial future involves educated guesses, guessing may be a better alternative than making no forecast at all.

French Riot an Unemployment Explosion

Recent French riot in the streets of Paris suburbs and other parts have awakened the world, that even unemployment can be a reason for unrest among the population. Before, burning cars and stores the French government never realized there could be the problem of unemployment crisis too with such a developed country. Thanks to media for its efforts to spread information. French is always ahead for the revolutions and this riot is the revolution that made Government to rethink of its policies. It is beginning!!!!

How Serious is the Trade Deficit?

Should we be paying more attention to our trade deficit? Should the United States be keeping an eye on our money flow both in and out of our country? Is it important to our country’s economic engine and the wealth of our nation to constantly monitor and collect data on the flow of trade?

Affluent Market May Disappoint Retailers by Spending Less for December Holiday Gifts

Wealthiest 10% of US Households Will Spend 5 Times the Average Household For A Total of $57 Billion, About a 1.6% Decline from 2004 Spending

The Gaian Paradigm Part 5 -- Reciprocity Economics

Since the Jewish Creating myth tht the earth was made for the use of man there has been the developing 'dominator paradigm' of EuroAmerican cultures. It has come to dominate the world and reached in most dangerous culmination to the acceptance of Adam Smth's economics based on self-interest, competion, and materialism. The Gaian Paradigm gives hope for the reinvention of 'recprocity economics, and cultures based on it. This book review explores the ancient beginnings of recprocity.

Economics 101: The Beginnings

Alan Greenspan told me this story. I was told that Alan is the great great-grandson of the great grandson of Duonohandsome, son of Ugly, son of Uri. This is the beginning of irrational exuberance.

A Puzzling Question to Economists

Inflation is stagnant, where as the oil prices are increasing sharply...

The Perfect Economy?

Summary of the current U.S. economy.