Small silhouette of Doug Wolkon WELCOME TO PLURANOMICS, THE ECONOMICS OF MANY.

Maverecon

Yoga & Off-Balance Sheet Financing

The word “balance” has significant meaning here. When you take something “off-balance,” you are doing just that. In other words, balance is good (think yoga or buddhism), off-balance (think checkbook) is not good. On that note, what do you call Fannie Mae, Freddie Mac and Sallie Mae. Do they qualify as “off-balance sheet financing?” How about the Bear Stearns portfolio. The U.S. government did about 36 hours of due diligence on that one, is that one off-balance sheet too? Continued »

Polluted “Wealth”

These so-called “wealthiest” 5%, that burn so much carbon, also have 1.) The most polluted waters, so we are forced to import day old “fresh” fish from the “poorest” countries to avoid m-e-r-c-u-r-y in our local fish, 2.) Acid rain, yes our rain actually burns through car paint, and 3.) Toxic air, asthma is an epidemic among children in America. Further, more and more of the food eaten by the “wealthiest” is packaged and not nearly as fresh as so much of the food in so many of the “poorest” societies. Continued »