In response to:

Uh Oh: Eurozone Enters Recession for Second Time Since 2009

Learning_Community_Party Wrote: Nov 15, 2012 4:07 PM
Capitalism is no longer the appropriate goal of a community. Information is the goal of a community.
Smitty41inPB Wrote: Nov 15, 2012 4:10 PM
so if we disinvented money and made everyone on the planet aware of it we would be better off?
Learning_Community_Party Wrote: Nov 15, 2012 4:15 PM
WOW! Very creative. Thank you.

We cannot "disinvent" the capital markets. There will always be a need to move Capital around. Just as there will always be a need to move Industrial Goods around. And as there is a need to move people around.

What I am saying is that there is always been a need for information. But, today, with the Internet and Cloud Services, we can mine, manufacture, and distribute information orders of magnitude greater than any time in history.
Smitty41inPB Wrote: Nov 15, 2012 4:22 PM
the only reason to have information is because it is currency that can be used like all other inventory to make wealth if applied properly and it costs less that it's return. Being the owner of info for the sake of saying so doesn't work. Capitalism is the engine of motivation and ingenuity.

Who's up for one more piece of worrisome economic news today?  Katie's already caught you up to speed on the dramatic increase in weekly jobless claims (we'll need to see some additional post-Sandy data points to determine if this is a trend or an outlier), and Kevin ran through some of the basic figures behind our impending fiscal cliff.  Let's hop across the pond to open door number three:

The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and...