Contributors

Saturday, November 20, 2010

Microfinance is pretty key to pulling the poor out of poverty. Guess who's killing it in India?

I'll quote TJIC quoting the NY Times:


http://www.nytimes.com/2010/11/18/world/…
MADOOR, India รข?? India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor.
Remember – you can steal from existing property owners in order to benefit the peasants and improve your own electoral prospects.
…once.
After that, the property owners remove their wealth from the the sector that suffered the act of politically-motivated appropriation.

Yup.

Saturday, November 6, 2010

One of the best posts on business, ever

Jobs are created by business, right?  Well, what goes in to expanding business?  Check out TJIC's list of questions he would want answered to consider expanding his business (this specific post is about expanding abroad, but I'm sure you can see how it wouldn't be much different if he were just expanding to another state).

It's truly amazing that things get done at all.  When starting a business, you not only want to know the answers to similar questions, but you then have to figure out what seemingly arbitrary regulation you have to comply with, as well.

A Thing I Did Not Know

It appears that Herber Hoover is the one who started the transformation of the Republican party into the "racist" party.  

It was the Democrats who fought integration, filibustered anti-lynching laws, and all that.  Part of Hoover's strategy to win votes included going after southern whites.  He replaced black leaders in the party with white ones, gunned for the vote, and became the first Republican to carry Texas.  This outraged the black leadership, they broke from the party, and sought out Dems who supported civil rights.  Weird, huh?

The fact that this guy turned what should have been a mild recession into the Great Depression should have been seen as a bad omen.

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