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Entries tagged "South Sea Company"

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Social welfare as a Ponzi scheme

A Ponzi scheme is one man -- or one organization -- deliberately defrauding the public. In a bubble, we are the market. And in a widely accepted welfare scheme like Social Security, political and economic choices are made to tie the generations together. Continue reading

Posted on April 5, 2011 12:53 PM






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Movers & Shakers

Launch Movers and shakers slideshow

Real estate investment manager Clarion Partners LLC hired Kerrisha Jenkins as a vice president in Los Angeles. For other updates launch today's Movers & shakers slideshow.

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A fast start toward an uncertain finish

Prime Minister Shinzo Abe and Sony CEO Kazuo Hirai are changing Japan. Third Point's Dan Loeb is trying to quicken the pace. More video

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