SocialPipeline 06/10/2011 (p.m.)

• Twitter / @RickWarren: Capitalism:What's mine is ...

  tags: SharismBook

  • Capitalism:What's mine is mine &I KEEP it. Socialism:What's yours is mine & I can TAKE it. Bible:It's all God’s &I SHARE it!

     

     

     

• Capitalism vs. Socialism

  tags: SharismBook

  • Socialism is economically inefficient as it does not reward entrepreneurs. Instead of rewarding entrepreneurs for creating wealth, it punishes them by making them pay higher taxes. Socialism can actually lower the living standards of all by not rewarding work and by making public assistance available to more than the neediest.

      

• Worthless Stocks from China - BusinessWeek

  tags: Biz China SharismBook

  • Bird's involvement would evolve from irritation that a company could get away with making a claim that so obviously defies basic business logic to the conviction that many pieces of the Chinese miracle that trade in the U.S. are, in his words, "flat-ass" frauds. And what started as a retiree looking into a company has turned into a dispute that has drawn in other shorts, the Securities and Exchange Commission, auditors, and, according to recent reports, the U.S. House Committee on Financial Services. It has also revealed significant flaws in U.S. markets and how they are regulated. Although the stocks trade on U.S. exchanges, and thus project a sense of having to play by American rules, the assets and the principals of many of the companies reside in China. The companies operate on their terms, leaving injured parties and the SEC powerless. Bird says the carnage is just beginning. "The whole thing has no place to go but to blow up," he says. "That's a rational position for an investor to start with, that every one of these Chinese reverse mergers is a fraud." 

     <!--/STORY--> 

     

Posted from Diigo. The rest of my favorite links are here.