Quote of the week

To curb as if in fetters unbridled hopes and a mind obsessed with the future, and to aim to acquire riches from ourselves rather than from Fortune. – Seneca

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The Dumbest Idea In The World: Maximizing Shareholder Value – Forbes

“It isn’t just about the money for shareholders,” writes Martin, “or even the dubious CEO behavior that our theories encourage. It’s much bigger than that. Our theories of shareholder value maximization and stock-based compensation have the ability to destroy our economy and rot out the core of American capitalism.

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Source : Forbes

Don’t Worry, America: China is Rising But Not Catching Up – Harvard – Belfer Center for Science and International Affairs

Because of the one-child policy, China will soon suffer the most severe aging process in human history. The ratio of Chinese workers per retiree will plummet from 8:1 today to 2:1 by 2040. The fiscal cost of this swing in dependency ratios alone may exceed 100 percent of China’s GDP. The American working-age population, by contrast, will expand by 17 percent over the next 40 years. America’s fiscal future may not be bright, but it is brighter than China’s

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Source : Belfer Center for Science and International Affairs

Rising Awareness in Class Divide, Many Point to OWS

A new Pew Research Center survey of 2,048 adults finds that about two-thirds of the public (66%) believes there are “very strong” or “strong” conflicts between the rich and the poor—an increase of 19 percentage points since 2009.

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Source : Common Dreams