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- 2007-11-13 22:16:19 - Liquidity or liquidation
- Large parts of the world today suffer from a severe liquidity crisis. The famed globalization of the capital markets seems to confine itself, ever more, to the richer parts, the more liquid exchanges, the more affluent geopolitical neighbourhoods. The fad of "emerging economies" has all but died out. Try telling the Macedonians about global capital markets: last year, the whole world invested 8 mi...
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- 2007-11-13 22:16:19 - To grow out of unemployment
- There is a connection between economic growth and unemployment. There is a connection between growth and inflation. Therefore, commonsense (and financial theory) goes, there must be a connection between inflation and unemployment. A special measure of this connection is the Non Accelerating Inflation Rate of Unemployment (NAIRU). Supposedly, this is the rate of unemployment which still does not in...
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- 2007-11-13 22:16:19 - The blessings of the black economy
- Some call it the "unofficial" or "informal" economy, others call it the "grey economy" but the old name fits it best: the "black economy". In the USA "black" means "profitable, healthy" and this is what the black economy is. Macedonia should count its blessings for having had a black economy so strong and thriving to see it through the transition. If Macedonia had to rely only on its official econ...
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- 2007-11-13 22:16:19 - The revolt of the poor: the demise of intellectual property?
- Three years ago I published a book of short stories in Israel. The publishing house belongs to Israel's leading (and exceedingly wealthy) newspaper. I signed a contract which stated that I am entitled to receive 8% of the income from the sales of the book after commissions payable to distributors, shops, etc. A few months later (1997), I won the coveted Prize of the Ministry of Education (for shor...
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- 2007-11-13 22:16:19 - The fabric of economic trust
- Economy is called the dismal science because it pretends to be one, disguising its uncertainties and shifting fashions with mathematical formulae. Economy describes the aggregate behaviour of humans and, in this restricted sense, it is a branch of psychology.People operate within a marketplace and attach values to their goods and services and to their inputs (work, capital, natural endowmen...
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- 2007-11-13 22:16:19 - The distributive justice of the market
- (1) Each person is to have an equal right to the most extensive total system of equal basic liberties compatible with a similar system of liberty for all.(2) Social and economic inequalities are to be arranged so that they are both: (a) to the greatest benefit of the least advantaged, consistent with the just savings principle, and (b) attached to offices and positions open to all under con...
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- 2007-11-13 22:16:19 - Immortality and mortality in the economic sciences
- Roberto Calvo Macias, a young author and thinker from Spain, once wrote to me that it is impossible to design a coherent philosophy of Economy without accounting for the (sad?) fact that we are mortals. This insight is intriguing. It is not that we refrain from Death in dealing with matters economic. What are estate laws, annuities, life insurance policies - but ways to cope with the Great Harvest...
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- 2007-11-13 22:16:19 - Market impeders and market inefficiencies
- Even the most devout proponents of free marketry and hidden hand theories acknowledge the existence of market failures, market imperfections and inefficiencies in the allocation of economic resources. Some of these are the results of structural problems, others of an accumulation of historical liabilities. But, strikingly, some of the inefficiencies are the direct outcomes of the activities of "no...
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- 2007-11-13 22:16:19 - The criminality of transition
- Lecture given at the Netherlands Economic Institute (NEI) on 18/4/2001Human vice is the most certain thing after death and taxes, to paraphrase Benjamin Franklin. The only variety of economic activity, which will surely survive even a nuclear holocaust, is bound to be crime. Prostitution, gambling, drugs and, in general, expressly illegal activities generate c. 400 billion USD annually to t...
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- 2007-11-13 22:16:19 - Public sector economies in transition
- In the previous article, we described the various methods developed in the West to cope with the ever-burgeoning public sector.Yet, economies in transition everywhere in the world have learned a lesson the hard way: not everything that is Western - necessarily fits their needs. Many Western techniques, methods, systems and ways of thinking cannot be applied in Macedonia, for instance....
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- 2007-11-13 22:16:19 - Economic free zones in macedonia
- Question: Dr. Vaknin ? is it true that you are the father of the Law of Free Economic Zones?Answer: I participated in the dedicated and professional team, from many ministries and state organs, which prepared the law. The initiative ? in collaboration with the delegation of the government of the Republic of China (Taiwan) ? belongs to Dr. Milijana Danevska, the Minister of Development. Most...
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- 2007-11-13 22:16:19 - The european bank for the retardation of development
- In typical bureaucratese, the pensive EBRD analyst ventures with the appearance of compunction: "A number of projects have fallen short of acceptable standards (notice the passive, exculpating voice - SV) and have put the reputation of the bank at risk". If so, very little was risked. The outlandish lavishness of its City headquarters, the apotheosis of the inevitable narcissism of its first Frenc...
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- 2007-11-13 22:16:19 - The macedonian lottery
- Every conflict has its economic moments and dimensions. The current conflict in Macedonia perhaps even more so.The USA and its Western allies regard Macedonia as a bridge between Greece, Bulgaria, Serbia and Albania. Hence the EU's plans for the revival of transport corridors 8 and 10 connecting these countries. If all goes well (and nothing has hitherto), railways will connect Bulgaria to ...
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- 2007-11-13 22:16:19 - Hawala, or the bank that never was
- I. OVERVIEWIn the wake of the September 11 terrorist attacks on the USA, attention was drawn to the age-old, secretive, and globe-spanning banking system developed in Asia and known as "Hawala" (to change, in Arabic). It is based on a short term, discountable, negotiable, promissory note (or bill of exchange) called "Hundi". While not limited to Moslems, it has come to be identified with "I...
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- 2007-11-13 22:16:19 - Monitoring macedonia
- Close to 500,000 people - one in four - live under the poverty line in a country where the average monthly salary is less than 150 US dollars. More than one in three members of the workforce are chronically unemployed. With inflation up 5.5% in the last 12 months and taxes - borne disproportionately by the poor and the working class - at 37% of GDP, life is tough in this small, landlocked country....
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- 2007-11-13 22:16:19 - The second coming in albania
- Blessed with Chinese GDP growth rates (7-8% annually in each of the last 3 years) and German inflation (4%, down from 32% in 1997, mostly attributable to increases in energy and housing costs), it is easy to forget Albania's Somali recent past.In 1997, following the collapse of a series of politically-sanctioned pyramid schemes in which one third of the impoverished population lost its meag...
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- 2007-11-13 22:16:19 - Slovenia - the star pupil
- The most exciting event in Slovenia last week was when a group of young army recruits spat on the national flag and sang the anthem of the now defunct former Yugoslavia. They were sent to a military psychiatrist for observation. Indeed, economically speaking, a preference for any other part of the late Federation over Slovenia would indicate mental deformity.Slovenia is by far the most pros...
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- 2007-11-13 22:16:19 - Bosnia - an economy in search of a state
- Bosnia-Herzegovina (heretofore "Bosnia") is an artificial polity with four, tangentially interacting, economies. Serbs, Croats and their nominal allies, the Bosniaks each maintain their own economy. The bloated, fractured, turf conscious, inefficient, and often corrupt presence of the international community, in the form of the Office of the High Representative, among others, constitutes the fourt...
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- 2007-11-13 22:16:19 - Entrepreneur lashes out at linear thinking government regulators
- I am personally calling for a total disbanding of the regulatory agencies as we know it immediately. This needs to be done from the inside out. We need an immediate cut of 1/3 of all regulatory personal. They need to be fired without any benefits. Those who have enough brains to understand my comments should immediately quit the agencies because they are destroying America from the inside out, lik...
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- 2007-11-13 22:16:19 - For they know not what they do; federal regulators destroying business
- Federal Regulations on Business Destroy America, these regulations are a tax passed onto the every American. How much does Federal Regulations Cost each year to our society. You are not going to like these figures. It is estimated that Federal Rules and Regulations cost in excess of 788 Billion per year. Our entire federal tax contribution to our government is 829 Billion. Think of it this way eve...
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- 2007-11-13 22:16:19 - Us trade deficit with bordering neighbors
- The trade deficit with Canada is now 50 Billion per year. The amount of money sent back Mexico each week from migrant labor and/or illegal aliens is estimated at 8 billion per week. That is 416 Billion per year, not all that comes back here, over half moves to other lands including Cuba a non-trading partner and China which already have incredibly huge trade deficits with. As we trade with other n...
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- 2007-11-13 22:16:19 - Treasury department falls short on blocked persons list
- I would like to discuss the blocked persons list of the United States Treasury and condemn the treasury for being somewhat out to lunch on the realities of the business world and how things work. First if you will check out this site with the lists of blocked people who may be involved in such activities you will see the format is impossible to utilize quickly. Blocked peoples list;http://w...
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- 2007-11-13 22:16:19 - No child left behind needs to go virtual
- The No Child Left Behind can work if the Federal Government will put up content on the website and allow for those who are; Behind in studies, about to miss a grade level advancement, perform poorly on general tests, at home schooling students (when parents have no knowledge in subject matter), are in Juvenile Hall, live in areas very rural, have disorders, or have injuries which prevent attendanc...
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- 2007-11-13 22:16:19 - All there is, is dust in the wind; dust particulate traveling the globe
- Dust from Deserts and Particulate ControlThe greatest contributor to particulate matter, which effects human health comes from the World's Deserts. In the Western US we have huge deserts. Dust storms from China's deserts have traveled around the World. This has affected the world's weather patterns and contributed to even issues of Global Warming. The Sahara desert does the same. The World'...
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- 2007-11-13 22:16:19 - Pto - patent and trademark office needs complete overhaul
- Recently in Maine, I talked with a gentleman and we discussed at a coffee shop the issues concerning the Patent and Trademark Offices and the slow processing problems with registration of everything from a simple patent or concept patent to a Registered Trademark or Service Mark. Also this past week had an email conversation with a gentleman from NC in a small business regarding weak trademark and...
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- 2007-11-13 22:16:19 - A trade war is brewing; are we paying attention
- Incompetence is all too obvious at the trade shows of major industries in the United States. At the AAPEX Trade Show, it was apparent that the PTO needs to answer some of those Viagra Spam-emails; because they are absolutely Impotent to the piracy of patents, trademarks, concepts and innovations in our country. There was at least, and this is not an exaggeration, 10 Football fields of Knock-Off As...
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- 2007-11-13 22:16:19 - Rugged individualism vs human nature
- "Rugged individualism" is actually a euphemism for Thomas Hobbes' baseless concept of man's natural condition as a war of everyone against everyone else. Even different species of wild animals (each of which has its own group soul, as opposed to humans, which have individual souls) cooperate with one another for their mutual benefit, so Hobbes would have had us believe that mankind is inherently m...
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- 2007-11-13 22:16:19 - Banana republic - united kingdom
- The recent scathing remarks by High Court Judge Richard Mawrey over the disgraceful actions of the six Labour councillors from Birmingham is something the city could well do without. The Judge went as far as to say that the recent electoral fraud would disgrace even a banana republic.It transpires that the vote rigging was part of an organised campaign to steal, forge and/or alter thousands...
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- 2007-11-13 22:16:19 - A journey through history
- History repeats itself, goes the cliche. It does so, perhaps, for the human beings to have more than one chance of learning a lesson if they have missed out on the first opportunity. If Pakistani history is anything to go by, it is a clear indication that they, as a nation, happen to be pretty dumb fellows, unable to learn anything at all despite the fact that history has been very kind to them by...
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- 2007-11-13 22:16:19 - The world of diplomatic backstage
- De-classification of official documents have been a routine practice in the United States, while just the opposite is true of Pakistan. Successive governments over the years have believed in hiding away from public eye even the most innocuous of official documents without realizing that the practice only adds to the sense of national confusion. "I will expose everybody when the time is right," is ...
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