Comments for The People's Economics http://www.peopleseconomics.com Real Economic Insights Tue, 08 Dec 2009 02:11:55 +0000 hourly 1 http://wordpress.org/?v=3.0.1 Comment on New Cheap and Effective Cancer Drug: But Big Pharma Says NO WAY! by David Evans http://www.peopleseconomics.com/?p=2105&cpage=1#comment-357 David Evans Tue, 08 Dec 2009 02:11:55 +0000 http://www.peopleseconomics.com/?p=2105#comment-357 There are many reasons to be critical of "Big Pharma", but this isn't one of them. It strikes me as being unfair and unrealistic, under current patent legislation, to expect private companies to pick up the hundreds of millions of dollars it would take to conduct phase II and III trials. These aren't charities and if they can't make any money why should they invest any funds? The onus should be on governments to rethink they way patent legislation works. DE There are many reasons to be critical of “Big Pharma”, but this isn’t one of them. It strikes me as being unfair and unrealistic, under current patent legislation, to expect private companies to pick up the hundreds of millions of dollars it would take to conduct phase II and III trials. These aren’t charities and if they can’t make any money why should they invest any funds?

The onus should be on governments to rethink they way patent legislation works.

DE

]]> Comment on Course in Basic Economics by kim http://www.peopleseconomics.com/?p=230&cpage=1#comment-250 kim Sat, 07 Nov 2009 10:56:02 +0000 http://www.peopleseconomics.com/?p=230#comment-250 nice... nice…

]]> Comment on Monsanto’s Man in the Obama Administration: The Return of Michael Taylor by Eden Pure http://www.peopleseconomics.com/?p=1858&cpage=1#comment-116 Eden Pure Wed, 26 Aug 2009 06:46:36 +0000 http://www.peopleseconomics.com/?p=1858#comment-116 I am in favor of many forms of biotech research. But the term is being used far too often and in too many disparate ways. Biotech research has been the term used when talking about everything from NASA's research that has now produced energy saving paint additives, to the creation of magnetic cells, and now genetic manipulation of the food supply. And there is the problem: we cannot have our food supply manipulated and covered up by the use of such a generic term. Ms. Pure I am in favor of many forms of biotech research. But the term is being used far too often and in too many disparate ways. Biotech research has been the term used when talking about everything from NASA’s research that has now produced energy saving paint additives, to the creation of magnetic cells, and now genetic manipulation of the food supply. And there is the problem: we cannot have our food supply manipulated and covered up by the use of such a generic term.

Ms. Pure

]]> Comment on Baxter Files Swine Flu Vaccine Patent a Year Ahead of Outbreak by Susmita Barua http://www.peopleseconomics.com/?p=1765&cpage=1#comment-109 Susmita Barua Fri, 21 Aug 2009 19:04:39 +0000 http://www.peopleseconomics.com/?p=1765#comment-109 Thanks.I have added this news to my blog http://aha2008.wordpress.com Thanks.I have added this news to my blog http://aha2008.wordpress.com

]]> Comment on Baxter Files Swine Flu Vaccine Patent a Year Ahead of Outbreak by The Swine Flu Questions & Ron Paul Comments « Ron Paul Impact on Election Debate http://www.peopleseconomics.com/?p=1765&cpage=1#comment-108 The Swine Flu Questions & Ron Paul Comments « Ron Paul Impact on Election Debate Fri, 21 Aug 2009 18:52:09 +0000 http://www.peopleseconomics.com/?p=1765#comment-108 [...] about Swine Flu scare and neurological damges caused by the vaccine. This time around drugmaker Baxter files a patent for swine-flu vaccine a year ahead of he outbreak and gets the exclusive right from current [...] [...] about Swine Flu scare and neurological damges caused by the vaccine. This time around drugmaker Baxter files a patent for swine-flu vaccine a year ahead of he outbreak and gets the exclusive right from current [...]

]]> Comment on How California Could Turn its IOUs into Dollars by Brittancus http://www.peopleseconomics.com/?p=1734&cpage=1#comment-81 Brittancus Fri, 24 Jul 2009 20:24:14 +0000 http://www.peopleseconomics.com/?p=1734#comment-81 Now that our legislators are supposedly on the same track with E-Verify, it needs to be rigorously enforced? California--a Sanctuary State--will need exclusive attention along with other border states, because they have been occupied by millions of illegal immigrants, causing major damage to their economies. Once E-Verify is fully implemented on a permanent basis for all the working population, including all persons on a payroll? My suggestion is an army of federal inspectors of perhaps retired civil servants, senior citizens in their resident community, to make unexpected inspections on large and small businesses. The inspectors will probably have to be armed with a general search warrant, but honorable business will hardly impose this restriction if they have nothing to hide? This will be a strict deterrent to parasite businesses, who will never be aware--WHEN THAT FEDERAL OFFICER--is going to turn up, to observe their workers? They will audit their books and check for irregularities in the workplace. This is happening in Italy and other countries, because of the importation of illegal foreign labor, has caused major concerns amongst the countries bona-fide workers. If Washington is really sincere about the10.5 jobless Americans, then we need to impose heavy penalties on those business that scorn the law. Another possibility is a reward system for informants, who have positive knowledge of companies that are scoffing at E-Verify, and committing the offense of hiring illegal aliens. Business are living off taxpayers taxes, because they don't convey health care to their illegal hires. Get on the phone and tell your Representative, you support--THE SAVE ACT-- 202-224-3121 Believe it! Your voices are having the right effect.?Support for the bi-partisan SAVE Act, which will expand E-Verify and protect American jobs! We must focus on the key to this major problem-the jobs that attract illegal aliens. It would phase in a requirement for every employer to use the electronic verification system. We must also be aware that the Democrats are ready to open the gates to our nation, once a path to citizenship is announced. Search out the facts at NUMBERSUSA, AMERICANPATROL Copy, paste and distribute freely. Now that our legislators are supposedly on the same track with E-Verify, it needs to be rigorously enforced? California–a Sanctuary State–will need exclusive attention along with other border states, because they have been occupied by millions of illegal immigrants, causing major damage to their economies. Once E-Verify is fully implemented on a permanent basis for all the working population, including all persons on a payroll? My suggestion is an army of federal inspectors of perhaps retired civil servants, senior citizens in their resident community, to make unexpected inspections on large and small businesses.

The inspectors will probably have to be armed with a general search warrant, but honorable business will hardly impose this restriction if they have nothing to hide? This will be a strict deterrent to parasite businesses, who will never be aware–WHEN THAT FEDERAL OFFICER–is going to turn up, to observe their workers? They will audit their books and check for irregularities in the workplace. This is happening in Italy and other countries, because of the importation of illegal foreign labor, has caused major concerns amongst the countries bona-fide workers. If Washington is really sincere about the10.5 jobless Americans, then we need to impose heavy penalties on those business that scorn the law. Another possibility is a reward system for informants, who have positive knowledge of companies that are scoffing at E-Verify, and committing the offense of hiring illegal aliens. Business are living off taxpayers taxes, because they don’t convey health care to their illegal hires.

Get on the phone and tell your Representative, you support–THE SAVE ACT– 202-224-3121 Believe it! Your voices are having the right effect.?Support for the bi-partisan SAVE Act, which will expand E-Verify and protect American jobs! We must focus on the key to this major problem-the jobs that attract illegal aliens. It would phase in a requirement for every employer to use the electronic verification system. We must also be aware that the Democrats are ready to open the gates to our nation, once a path to citizenship is announced. Search out the facts at NUMBERSUSA, AMERICANPATROL

Copy, paste and distribute freely.

]]> Comment on Carbon Offsetting is “Fundamentally Flawed” by C Morton http://www.peopleseconomics.com/?p=1466&cpage=1#comment-67 C Morton Thu, 02 Jul 2009 13:18:19 +0000 http://www.peopleseconomics.com/?p=1466#comment-67 Trees have an important part to play in mitigating climate change and we need more forest schemes that help to move us towards a low-carbon economy. But, we need robust standards for these schemes that provide high levels of assurance that they will actually deliver carbon benefits. The Forestry Commission of Great Britain has produced a draft code of good practice for forest carbon projects and is inviting comments. See http://www.forestry.gov.uk/carboncode for details. Trees have an important part to play in mitigating climate change and we need more forest schemes that help to move us towards a low-carbon economy. But, we need robust standards for these schemes that provide high levels of assurance that they will actually deliver carbon benefits. The Forestry Commission of Great Britain has produced a draft code of good practice for forest carbon projects and is inviting comments. See http://www.forestry.gov.uk/carboncode for details.

]]> Comment on California’s Empty Wallet: Turning Crisis into Opportunity by Money-Market-Funds » SEC Releases 197-​Page Text of Proposed Money Market Fund Reform ... http://www.peopleseconomics.com/?p=1668&cpage=1#comment-66 Money-Market-Funds » SEC Releases 197-​Page Text of Proposed Money Market Fund Reform ... Thu, 02 Jul 2009 08:05:51 +0000 http://www.peopleseconomics.com/?p=1668#comment-66 [...] California's Empty Wallet: Turning Crisis into Opportunity …Once downgraded, California’s rating is likely to fall below the minimum level legally required for most money market funds, forcing the funds to sell their California bonds. The result could be a cost of millions of additional dollars … [...] [...] California's Empty Wallet: Turning Crisis into Opportunity …Once downgraded, California’s rating is likely to fall below the minimum level legally required for most money market funds, forcing the funds to sell their California bonds. The result could be a cost of millions of additional dollars … [...]

]]> Comment on Dollars with Good Sense: DIY Cash by DIY Cash: Communities Beat Recession, Benefit from Local Currency : Chelsea Green http://www.peopleseconomics.com/?p=1538&cpage=1#comment-50 DIY Cash: Communities Beat Recession, Benefit from Local Currency : Chelsea Green Sat, 13 Jun 2009 08:48:30 +0000 http://www.peopleseconomics.com/?p=1538#comment-50 [...] article from peopleseconomics.com explains how local currency works, and even how to start thinking about creating local currency for [...] [...] article from peopleseconomics.com explains how local currency works, and even how to start thinking about creating local currency for [...]

]]> Comment on Go Be A Farmer, Says Financial Guru by Financial-Economics » B.N.W. Miner Rio Tinto scraps Chinalco deal | Jun 05, 2009 ... http://www.peopleseconomics.com/?p=1500&cpage=1#comment-45 Financial-Economics » B.N.W. Miner Rio Tinto scraps Chinalco deal | Jun 05, 2009 ... Sat, 06 Jun 2009 08:33:00 +0000 http://www.peopleseconomics.com/?p=1500#comment-45 [...] Go Be A Farmer, Says Financial Guru | People's EconomicsJim Rogers, the bow tie-wearing fund manager who made George Soros a billionaire, thinks it’s time to get back to the land. Agriculture has “been a ter… [...] [...] Go Be A Farmer, Says Financial Guru | People's EconomicsJim Rogers, the bow tie-wearing fund manager who made George Soros a billionaire, thinks it’s time to get back to the land. Agriculture has “been a ter… [...]

]]> Comment on Microfinance in India: Searching for New Ground by Ribnot Nic http://www.peopleseconomics.com/?p=657&cpage=1#comment-43 Ribnot Nic Thu, 04 Jun 2009 07:50:34 +0000 http://www.peopleseconomics.com/?p=657#comment-43 Very nice information. Thanks for this. Very nice information. Thanks for this.

]]> Comment on Towards a Global Currency and World Government by Morrison Bonpasse http://www.peopleseconomics.com/?p=961&cpage=1#comment-37 Morrison Bonpasse Tue, 26 May 2009 01:29:30 +0000 http://www.peopleseconomics.com/?p=961#comment-37 The first part of Mr. Marshall's conclusion is welcomed, "Ultimately, what this implies is that the future of the global political economy is one of increasing moves toward a global system of governance, or a world government, with a world central bank and global currency;..." However, this need not be concurrent with any loss of democracy. The future Global Central Bank should be representative, just as is the European Central Bank today of the European Monetary Union. There is no conspiracy about moving the world to a Single Global Currency - it's simply a very, very good idea, and the sooner the better. Such a Single Global Currency will provide what the people of the world want - stable money. The success of the euro has shown the benefits of monetary union, but the primary problem for the euro and every regional monetary union today is that they must still exist in the multicurrency world where the value of its currency will fluctuate against other currencies. If 16 countries can use the same currency, why not the 192 U.N. members? Those 192 countries now use 141 currencies and the number is dropping annually. The euro is definitely a harbinger of the future, and soon all 25 EU members will be part of the EMU, and by then, there will be more EU members to add. Several of the remaining non-euro EU members are now seeking admission as soon as possible. The IMF has even urged several EU members to "euroize" even before completing the standard accession process. In addition to eliminating currency fluctuations, the use of a Single Global Currency would eliminate the current foreign exchange trading expense of $400 billion annually, eliminate currency risk, eliminate current account imbalances, eliminate the need for foreign exchange reserves (now totaling more than $6 trillion); and bring other benefits worth trillions, such as reducing the impact of global financial turmoil such as we are now experiencing. The Single Global Currency Assn. (www.singleglobalcurrency.org) promotes the implementation of a Single Global Currency by 2024, the 80th anniversary of the 1944 conference. That's only 15 years away. The world is moving toward a Single Global Currency through the creation, expansion and merger of regional monetary unions. Another route is through international monetary conferences proposals and agreements, such as were seen at Bretton Woods. The merger of the eurozone with one or two other currencies is one possible route to a Single Global Currency. The next major realignment of the world's major currencies should be to a common currency managed by a monetary union central bank. When such a currency supports countries with 40-50% of the world's GDP, that currency will become the defacto Single Global Currency, and the "tipping point" momentum will favor its continued growth, until it supports all the countries of the world. The challenge now is to reach that goal deliberately, as soon as possible, with as little cost and as few crises as possible. If the eurozone were to merge with the U.S. dollar of the yen, or if the yen and the U.S. dollar were to form a monetary union, the road to a Single Global Currency would be clear. The only remaining questions about implementation of a Single Global Currency are: when? and how much cost and turmoil will the world endure before that implementation. See the book, "The Single Global Currency - Common Cents for the World." Morrison Bonpasse Single Global Currency Assn. Newcastle, Maine, United States The first part of Mr. Marshall’s conclusion is welcomed,
“Ultimately, what this implies is that the future of the global political economy is one of increasing moves toward a global system of governance, or a world government, with a world central bank and global currency;…” However, this need not be concurrent with any loss of democracy.
The future Global Central Bank should be representative, just as is the European Central Bank today of the European Monetary Union.
There is no conspiracy about moving the world to a Single Global Currency – it’s simply a very, very good idea, and the sooner the better.
Such a Single Global Currency will provide what the people of the world want – stable money.
The success of the euro has shown the benefits of monetary union, but the primary problem for the euro and every regional monetary union
today is that they must still exist in the multicurrency world where
the value of its currency will fluctuate against other currencies.
If 16 countries can use the same currency, why not the 192 U.N.
members? Those 192 countries now use 141 currencies and the number is
dropping annually. The euro is definitely a harbinger of the future, and soon all 25 EU members will be part of the EMU, and by then, there will be more EU members to add. Several of the remaining non-euro EU members are now seeking admission as soon as possible. The IMF has even urged several EU members to “euroize” even before completing the standard accession process.
In addition to eliminating currency fluctuations, the use of a Single Global Currency would eliminate the current foreign exchange trading expense of $400 billion annually, eliminate currency risk, eliminate current account imbalances, eliminate the need for foreign exchange reserves (now totaling more than $6 trillion); and bring other benefits worth trillions, such as reducing the impact of global financial turmoil such as we are now experiencing.
The Single Global Currency Assn. (www.singleglobalcurrency.org)
promotes the implementation of a Single Global Currency by 2024, the
80th anniversary of the 1944 conference. That’s only 15 years away.
The world is moving toward a Single Global Currency through the
creation, expansion and merger of regional monetary unions. Another
route is through international monetary conferences proposals and
agreements, such as were seen at Bretton Woods. The merger of the
eurozone with one or two other currencies is one possible route to a
Single Global Currency.
The next major realignment of the world’s major currencies should be to a common currency managed by a monetary union central bank. When such a currency supports countries with 40-50% of the world’s GDP, that currency will become the defacto Single Global Currency, and the “tipping point” momentum will favor its continued growth, until it supports all the countries of the world.
The challenge now is to reach that goal deliberately, as soon as
possible, with as little cost and as few crises as possible. If the
eurozone were to merge with the U.S. dollar of the yen, or if the yen
and the U.S. dollar were to form a monetary union, the road to a Single Global Currency would be clear.
The only remaining questions about implementation of a Single Global Currency are: when? and how much cost and turmoil will the world endure before that implementation.
See the book, “The Single Global Currency – Common Cents for the World.”
Morrison Bonpasse
Single Global Currency Assn.
Newcastle, Maine, United States

]]> Comment on Rehab for Terrorists? by Yemen » New Arabic circumvention tool-Menassat « FACT – Freedom Against ... http://www.peopleseconomics.com/?p=1062&cpage=1#comment-34 Yemen » New Arabic circumvention tool-Menassat « FACT – Freedom Against ... Sun, 24 May 2009 09:19:32 +0000 http://www.peopleseconomics.com/?p=1062#comment-34 [...] Rehab for Terrorists? | People's EconomicsThis February, the Saudis issued a list of 85 extremists known to be operating outside the country, many of them south of the border in Yemen, but they say nine young men have since come back under pressure from their families. … [...] [...] Rehab for Terrorists? | People's EconomicsThis February, the Saudis issued a list of 85 extremists known to be operating outside the country, many of them south of the border in Yemen, but they say nine young men have since come back under pressure from their families. … [...]

]]> Comment on U.S. Injecting Billions Into Foreign Central Banks by U.S. Injecting Billions Into Foreign Central Banks | People's … | CurrencyPile.Com http://www.peopleseconomics.com/?p=945&cpage=1#comment-23 U.S. Injecting Billions Into Foreign Central Banks | People's … | CurrencyPile.Com Wed, 20 May 2009 12:46:23 +0000 http://www.peopleseconomics.com/?p=945#comment-23 [...] View post: U.S. Injecting Billions Into Foreign Central Banks | People's … [...] [...] View post: U.S. Injecting Billions Into Foreign Central Banks | People's … [...]

]]> Comment on BerkShares: A Great Economic Experiment by Mark Herpel http://www.peopleseconomics.com/?p=672&cpage=1#comment-18 Mark Herpel Sun, 17 May 2009 14:15:18 +0000 http://www.peopleseconomics.com/?p=672#comment-18 Berkshares are awesome. Don't forget that they can only be used locally, so when you take some in and re-spend them at another merchant you are keeping your funds within the community. Shop at Walmart and .80-90 cents of each dollar spent immediately leaves your community for another state and eventually China. Susan Witt tells us that one Berkshares note circulates on average through 4 local transactions before getting converted back to USD. That is good business. Mark Herpel editor community currency magazine Skype IM 'digitalcurrency' Berkshares are awesome. Don’t forget that they can only be used locally, so when you take some in and re-spend them at another merchant you are keeping your funds within the community. Shop at Walmart and .80-90 cents of each dollar spent immediately leaves your community for another state and eventually China. Susan Witt tells us that one Berkshares note circulates on average through 4 local transactions before getting converted back to USD. That is good business.

Mark Herpel
editor community currency magazine
Skype IM ‘digitalcurrency’

]]> Comment on The IMF is forcing countries to adopt policies that make the recession worse by Interest Rates » The IMF is forcing countries to adopt policies that make the … http://www.peopleseconomics.com/?p=845&cpage=1#comment-17 Interest Rates » The IMF is forcing countries to adopt policies that make the … Sun, 17 May 2009 12:15:33 +0000 http://www.peopleseconomics.com/?p=845#comment-17 [...] Read the rest of this great post here [...] [...] Read the rest of this great post here [...]

]]> Comment on North Carolina Town Prints Own Currency to Support Local Business by North Carolina Town Prints Own Currency to Support Local Business … | CorporateSlot.Com http://www.peopleseconomics.com/?p=790&cpage=1#comment-16 North Carolina Town Prints Own Currency to Support Local Business … | CorporateSlot.Com Sun, 17 May 2009 01:45:58 +0000 http://www.peopleseconomics.com/?p=790#comment-16 [...] See original here: North Carolina Town Prints Own Currency to Support Local Business … [...] [...] See original here: North Carolina Town Prints Own Currency to Support Local Business … [...]

]]> Comment on The Bank of England announces it is printing more money by Pages tagged "suggestive" http://www.peopleseconomics.com/?p=754&cpage=1#comment-15 Pages tagged "suggestive" Fri, 15 May 2009 23:39:00 +0000 http://www.peopleseconomics.com/?p=754#comment-15 [...] bookmarks tagged suggestive The Bank of England announces it is printing more ... saved by 4 others     Head1st4Halos7 bookmarked on 05/15/09 | [...] [...] bookmarks tagged suggestive The Bank of England announces it is printing more … saved by 4 others     Head1st4Halos7 bookmarked on 05/15/09 | [...]

]]> Comment on BerkShares: A Great Economic Experiment by KingofthePaupers http://www.peopleseconomics.com/?p=672&cpage=1#comment-12 KingofthePaupers Fri, 15 May 2009 02:16:06 +0000 http://www.peopleseconomics.com/?p=672#comment-12 Jct: Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally! In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours. U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture. See my banking systems engineering analysis at http://youtube.com/kingofthepaupers Jct: Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my banking systems engineering analysis at http://youtube.com/kingofthepaupers

]]> Comment on Credit as a Public Utility: The Solution to the Economic Crisis by Richard C. Cook » Blog Archive » SIX-PART VIDEO NOW AVAILABLE: “Credit as a Public Utility: The Solution to the Economic Crisis” http://www.peopleseconomics.com/?p=593&cpage=1#comment-6 Richard C. Cook » Blog Archive » SIX-PART VIDEO NOW AVAILABLE: “Credit as a Public Utility: The Solution to the Economic Crisis” Tue, 12 May 2009 14:02:33 +0000 http://www.peopleseconomics.com/?p=593#comment-6 [...] Click Here [...] [...] Click Here [...]

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