More . . .

. . . lists . . .


(from http://marginalrevolution.com/marginalrevolution/2004/03/the_ten_most_su.html)

Top Ten Kleptocrats

1. Mohamed Suharto President of Indonesia from 1967-98: US$15 to 35 billion

2. Ferdinand Marcos President of the Philippines from 1972-86 US$5 to 10 billion

3. Mobutu Sese Seko President of Zaire from 1965-97 US$5 billion

4. Sani Abacha President of Nigeria from 1993-98 US$2 to 5 billion

5. Slobodan Milosevic President of Serbia/Yugoslavia from 1989-2000 US$1 billion

6. Jean-Claude Duvalier President of Haiti from 1971-86 US$300 to 800 million

7. Alberto Fujimori President of Peru from 1990-2000 US$600 million

8. Pavlo Lazarenko Prime Minister of Ukraine from 1996-97 US$114 to 200 million

9. Arnoldo Alemán President of Nicaragua from 1997-2002 US$100 million

10. Joseph Estrada President of the Philippines from 1998-2001 US$78 to 80 million

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More, More, More . . .

. . . it's never enough. . .

 (from NPR http://www.npr.org/2012/04/27/151456319/is-moderate-growth-good-for-the-economy)
'The U.S. economy hit the recession exit ramp nearly three years ago, but it's been lost on the back roads somewhere near Recoveryville ever since. Growth rates have been modest at best compared with the 4-plus percent growth in the years well before the U.S. began slouching toward its worst post-World War II recession. On Friday, the government reported that the economy grew at a 2.2 percent pace in the first quarter, down from the 3 percent rate at the end of 2011. The Federal Reserve this week said it expects growth to "remain moderate over coming quarters and then to pick up gradually. "Common sense says high growth rates are good and slower, more modest ones are not so good. But is that always the case? After all, the "irrational exuberance" of the early 2000s helped bring on the recession as people borrowed and spent their way to prosperity. Economists say growth will remain low and consumers will be cautious as long as unemployment stays high. Last month, the jobless rate stood at 8.2 percent. We asked four economists for their take on the growth rate and whether it has triggered any permanent change in consumer behavior. They are Chris Christopher, a senior principal economist at IHS Global Insight; William Dickens, an economist at the Brookings Institution; Gary Hufbauer, a senior researcher at the Peterson Institute for International Economics; and Ken Matheny, senior economist at Macroeconomic Advisers. . ."

It's time we re-examine our expectations and our standards.  Let us redefine 'growth' and calibrate our expectations to a more realistic and natural level. Paraphrasing Dylan Ratigan in "Greedy Bastards",  short term greed is practiced by greedy bastards;  the largest  payback as quickly as possible.  Long-term greed is what capitalism is all about.  Provide a good or service of value and reap a profit over a number of years . . . yes YEARS;  a concept quite foreign to U.S. business.

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