pstp econ Corporate raid http://en.wikipedia.org/wiki... , 9 -28 Robert Reich's Three Minute Explanation Of How Private Equity Firms Get So Very Rich http://www.businessinsider.com/robert-... - Thomas Page

The wizard of shareholder value http://management.fortune.cnn.com/2012... http://management.fortune.cnn.com/tag... http://www.digplanet.com/wiki... , 9 -30 An obsession with "shareholder value" at the expense of other stakeholders (namely, customers and employees) has led companies to cut employee costs to the bone. http://www.businessinsider.com/heres-t... , vicious circle http://friendfeed.com/citizen... , 1 -11 sort 1 -11 And given that the laws of value are basically divine, not human, any human meddling in the process is not just foolish but immoral. Printing money that isn’t tied to gold is a kind of theft, not to mention blasphemy. For people like me, on the other hand, the economy is a social system, created by and for people. Money is a social contrivance and convenience that makes this social system work better — and should be adjusted, both in quantity and in characteristics, whenever there is compelling evidence that this would lead to better outcomes. It often makes sense to put constraints on our actions, e.g. by pegging to another currency or granting the central bank a high degree of independence, but these are things done for operational convenience or to improve policy credibility, not moral commitments — and they are always up for reconsideration when circumstances change. Now, the money morality types try to have it both ways; they want us to believe that monetary blasphemy will produce disastrous results in practical terms too. But events have proved them wrong. And I do find myself thinking a lot about Keynes’s description of the gold standard as a “barbarous relic”; it applies perfectly to this discussion. The money morality people are basically adopting a pre-Enlightenment attitude toward monetary and fiscal policy — and why not? After all, they hate the Enlightenment on all fronts. The bottom line is that we aren’t really having a rational argument here. Nor can we: rationality has a well-known liberal bias. http://krugman.blogs.nytimes.com/2013... , 3 -16 sort corporatism - corporate governance Monetary reform describes any movement or theory that proposes a different system of supplying money and financing the economy from the current system http://en.wikipedia.org/wiki... http://carnegieendowment.org/2010... How to ? , 8 -19 sort , develop concepts further > conglomerate ( forms of Organization ? ) wealth generator and distributor , chainsaw dunlap http://en.wikipedia.org/wiki... , creative destruction plunder , generation efficientcy distribution , goal of system profit for some livelyhoods for many , free market ? 7 -22 http://www.forbes.com/sites... - Thomas Page

The Surprising Reasons Why America Lost Its Ability To Compete http://www.forbes.com/sites... , 3 -16 Offshore tax havens http://en.wikipedia.org/wiki... The missing $20 trillion http://www.economist.com/news... , 3 -29 http://thedianerehmshow.org/shows... http://www.sanders.senate.gov/newsroo... , 8 -30 http://www.washingtonpost.com/busines... 4 -8 http://www.reuters.com/article... - Thomas Page

Pangloss freemarkets sort As costs go down we all become wealthier. ? paradigm changes for a better world ? social contracts ? negotiations ? http://friendfeed.com/citizen... , 9 -10 sort ...http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... , 9 -17 http://robertreich.org/post... http://www.thedailyshow.com/watch... - Thomas Page

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3 -16 http://www.booktv.org/Program... - Thomas Page

4 -24 http://www.vox.com/2014... - Thomas Page

Leveraged buyout http://en.wikipedia.org/wiki... http://www.bloomberg.com/news... http://en.wikipedia.org/wiki... Timothy Geithner http://en.wikipedia.org/wiki... [ "Sot-weed" ; RJR Nabisco was formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company.[2] In 1988 RJR Nabisco was purchased by Kohlberg Kravis Roberts & Co. in what was at the time the largest leveraged buyout in history. In 1999, due to concerns about tobacco lawsuit liabilities, the tobacco business was spun off into a separate company, and RJR Nabisco was renamed Nabisco Holdings Corporation. Nabisco is currently owned by Mondelēz International Inc. http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... [[ In January 1982, former U.S. Secretary of the Treasury William E. Simon and a group of investors acquired Gibson Greetings, a producer of greeting cards, for $80 million, of which only $1 million was rumored to have been contributed by the investors. By mid-1983, just sixteen months after the original deal, Gibson completed a $290 million IPO and Simon made approximately $66 million.[5] The success of the Gibson Greetings investment attracted the attention of the wider media to the nascent boom in leveraged buyouts.[6] Between 1979 and 1989, it was estimated that there were over 2,000 leveraged buyouts valued in excess of $250 billion[7] In the summer of 1984 the LBO was a target for virulent criticism by Paul Volcker, then chairman of the Federal Reserve, by John S.R. Shad, chairman of the U.S. Securities and Exchange Commission, and other senior financiers. The gist of all the denunciations was that top-heavy reversed pyramids of debt were being created and that they would soon crash, destroying assets and jobs. [8] During the 1980s, constituencies within acquired companies and the media ascribed the "corporate raid" label to many private equity investments, particularly those that featured a hostile takeover of the company, perceived asset stripping, major layoffs or other significant corporate restructuring activities. Among the most notable investors to be labeled corporate raiders in the 1980s included Carl Icahn, Victor Posner, Nelson Peltz, Robert M. Bass, T. Boone Pickens, Harold Clark Simmons, Kirk Kerkorian, Sir James Goldsmith, Saul Steinberg and Asher Edelman. Carl Icahn developed a reputation as a ruthless corporate raider after his hostile takeover of TWA in 1985.[9][10] Many of the corporate raiders were onetime clients of Michael Milken, whose investment banking firm, Drexel Burnham Lambert helped raise blind pools of capital with which corporate raiders could make a legitimate attempt to take over a company and provided high-yield debt financing of the buyouts.[11] One of the final major buyouts of the 1980s proved to be its most ambitious and marked both a high-water mark and a sign of the beginning of the end of the boom that had begun nearly a decade earlier. In 1989, KKR closed in on a $31.1 billion takeover of RJR Nabisco. It was, at that time and for over 17 years following, the largest leverage buyout in history. The event was chronicled in the book (and later the movie), Barbarians at the Gate: The Fall of RJR Nabisco. KKR would eventually prevail in acquiring RJR Nabisco at $109 per share marking a dramatic increase from the original announcement that Shearson Lehman Hutton would take RJR Nabisco private at $75 per share. A fierce series of negotiations and horse-trading ensued which pitted KKR against Shearson Lehman Hutton and later Forstmann Little & Co. Many of the major banking players of the day, including Morgan Stanley, Goldman Sachs, Salomon Brothers, and Merrill Lynch were actively involved in advising and financing the parties. After Shearson Lehman's original bid, KKR quickly introduced a tender offer to obtain RJR Nabisco for $90 per share – a price that enabled it to proceed without the approval of RJR Nabisco's management. RJR's management team, working with Shearson Lehman and Salomon Brothers, submitted a bid of $112, a figure they felt certain would enable them to outflank any response by Kravis's team. KKR's final bid of $109, while a lower dollar figure, was ultimately accepted by the board of directors of RJR Nabisco.[12] At $31.1 billion of transaction value, RJR Nabisco was by far the largest leveraged buyout in history. In 2006 and 2007, a number of leveraged buyout transactions were completed that for the first time surpassed the RJR Nabisco leveraged buyout in terms of nominal purchase price. However, adjusted for inflation, none of the leveraged buyouts of the 2006–2007 period would surpass RJR Nabisco. http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... - Thomas Page

http://www.booktv.org/Program... Michele Gillespie discussed her biography of R.J. Reynolds, founder of the R.J. Reynolds Tobacco Company, and his wife, Katharine. Prof. Gillespie talked about the couple's influence on progressive movements in the South during the early 20th Century and Katharine Reynolds' philanthropic pursuits following R.J.'s death. - Thomas Page

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4 -30 Carl Icahn http://www.businessinsider.com/carl-ic... http://en.wikipedia.org/wiki... - Thomas Page

Robert Reich current rates not justifiable > Capital Gains - Carried Interest http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... ? - Thomas Page

Robert Reich ] Inequality_for_All http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... http://en.wikipedia.org/wiki... [ sort http://www.salon.com/2014... ? https://friendfeed.com/citizen... [[ 4 -30 Whitman speech > tipping point, political and Judicial malfunction , need for campaign finance reform, Amending Constitution may be needed, Louis_Brandeis http://en.wikipedia.org/wiki... ( William_O._Douglas http://en.wikipedia.org/wiki... ) , Pikkety book - high inequality norm? , http://en.wikipedia.org/wiki... , Earned_income_tax_credit http://en.wikipedia.org/wiki... , passion for Social Justice, inequality - American ways of resolving - Optimism 5 -2 http://t.union-bulletin.com/news...? ({[ sort Clarence Darrow http://en.wikipedia.org/wiki... http://www.bloomberg.com/video... http://www.theguardian.com/culture... - Thomas Page

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11 -10 Michael Lewis ... - Thomas Page

11 -10 https://friendfeed.com/citizen... [[[[ 12 -1 sort http://www.washingtonpost.com/blogs... - Thomas Page

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The_Blackstone_Group http://en.wikipedia.org/wiki... Pinnacle_Foods http://en.wikipedia.org/wiki... http://www.dailykos.com/story... [ https://friendfeed.com/citizen... - Thomas Page

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1984 http://mashable.com/2014... 1926 http://friendfeed.com/citizen... 1939 http://friendfeed.com/citizen... http://friendfeed.com/citizen... - Thomas Page

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G3 Berkshire http://www.bloomberg.com/news... http://www.businessinsider.com/kraft-f... - Thomas Page