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Links 1 through 10 of 17 by Dave O'Brien tagged business

It doesn’t help that the internet gives us nearly limitless exposure to amazing work, talented individuals, and excellent execution. It’s easy to feel inadequate when you compare yourself to the very best, but even they weren’t born with those skills and they wouldn’t have them if they never started.

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And this, in the simplest terms, explains the deficit phobia of Wall Street, the corporate media and the right-wing economists. Bankers don't like budget deficits because they compete with bank loans as a source of growth. When a bank makes a loan, cash balances in private hands also go up. But now the cash is not owned free and clear. There is a contractual obligation to pay interest and to repay principal. If the enterprise defaults, there may be an asset left over--a house or factory or company--that will then become the property of the bank. It's easy to see why bankers love private credit but hate public deficits.

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Most importantly for Ireland, Mr Fitzgerald raises the fundamental issue of accountability. It would be nice to be able to dismiss his perception that the Irish elite has little interest in taking responsibility for its actions and inactions. He is, unfortunately, right. There is precious little evidence that those at the top in the banks, in government or in the wider nexus of business and politics really understand the idea of being answerable for the disaster they caused.

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Today the Square team is focused on bringing immediacy, transparency, and approachability to the world of payments: an inherently social interaction each of us participates in daily. We’re starting with a limited beta and rolling out to everyone in early 2010.

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If Robespierre were to ascend from hell and seek out today’s guillotine fodder, he might start with a list of those with three incriminating initials beside their names: MBA. The Masters of Business Administration, that swollen class of jargon-spewing, value-destroying financiers and consultants have done more than any other group of people to create the economic misery we find ourselves in.

(via: sideshow.me.uk)

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The same Communist Party apparatus so proficient at censoring the Internet can't keep peddlers in the heart of Beijing from selling ... fake iPods, despite solemn promises to Washington since the early 1990s about enforcing intellectual property rights.

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