Money doesn’t always equal value.
These news items are about the United States but what’s happening there is impacting the global economy . . .
From The New York Times: Worried Banks Sharply Reduce Business Loans “Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.”
From the Economist: Inflation or deflation? “The markets have become incredibly volatile as investors vacillate between these outcomes.”
From the BBC: Record deficit for next president “The next US president is expected to face a record federal budget deficit of almost half a trillion dollars.”
Economics used to seem as opaque as metaphysics to me. Then, as I hit the middle of middle-age, it became apparent I was studying the economics that businesses use, that nations use, that politicians manipulate.
The economics that has squandered vast quantities of non-renewable resources.
The economics that keeps certain people away from creativity, away from a decent livelihood.
The economics that spawns wars and utterly brutal treatment of innocent civilians !
I don’t want to start ranting so here are some spiritual quotes to ponder:
“The repudiation of national right and power to make war represents the first step toward mutual wealth and sound economy. Short of a world economy mankind will not achieve the fruits of civilization.”
Bahá’í International Community, 1947 Feb, A Bahá’í Declaration of Human Obligations and Rights
“Widespread uncertainty about the condition of the economy indicates a deep disorder in the management of the material affairs of the planet, a condition which can only exacerbate the sense of frustration and futility affecting the political realm.”
The Universal House of Justice, A Wider Horizon, Selected Letters 1983-1992, p. 102
“…participants in the informal sector of the economy, women in particular, must be involved in reconceptualizing economics altogether, both theory and practice. If women have a unique approach to economic activity, it would most likely be apparent in the largely unstructured informal sector of the economy. For example, preliminary findings in an on-going study of women industrial sub-contractors in Malaysia, show that the business objectives of the majority of women sub-contractors are defined not so much in monetary terms as in terms of values.”
Bahá’í International Community, 1995 Aug 26, Women in the Informal Sector in Malaysia
July 29, 2008 Posted by Alexander M Zoltai | Uncategorized | bank, banks, billion, budget, business, business loans, businesses, deflation, dollars, economic, economics, economy, expansion, federal budget, global economy, hire, hiring, inflation, Informal Sector, investor, investors, loans, Malaysia, market, markets, metaphysics, middle-age, money, nation, nations, news, nonrenewable resources, politician, politicians, politics, pounds, power, president, President of the United States of America, real estate, renewable resources, Renewal, resources, The Economist, The Universal House of Justice, trillion, United States, US president, war, yen | 12 Comments
“Be anxiously concerned with the needs of the age ye live in, and center your deliberations on its exigencies and requirements. ~ Bahá’u’lláh
Alexander M Zoltai
Copy this address
Paste it into
41 Languages Available
Find Stuff In This Blog
Tags'Abdu'l-Bahá Baha'i International Community Bahá'u'lláh Bahá'í Bahá’u’lláh blog broken broken heart children crises crisis death drugs economy faith global God heart human human family humanity human rights Iran justice life love pain peace religion religious rights soul spirit spiritual spirituality suffer suffering united nations unity universal house of justice video war woman women world
- "Five Years Too Many" campaign leads to global outpouring of support June 13, 2013A global outpouring of support and concern for the plight of the seven Iranian Baha'i leaders – and for the situation of other prisoners of conscience in Iran – marked worldwide commemorations of the fifth anniversary of the arrest of these Baha'is. Statements calling for the immediate release of the seven came from every continent, issued by gover […]
- "Five Years Too Many" campaign leads to global outpouring of support June 13, 2013
June 2013 S S M T W T F « Sep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
- September 2009 (7)
- August 2009 (10)
- July 2009 (12)
- June 2009 (11)
- May 2009 (12)
- April 2009 (10)
- March 2009 (14)
- February 2009 (10)
- January 2009 (14)
- December 2008 (16)
- November 2008 (16)
- October 2008 (15)
- September 2008 (16)
- August 2008 (23)
- July 2008 (28)
- June 2008 (28)
- May 2008 (33)
- April 2008 (24)
- March 2008 (23)
- Anti-Government Protests Rock Bulgaria's New Leadership June 19, 2013Mass protests begin in Sofia and across Bulgaria after the appointment of controversial politician Delyan Peevski to the position of Head of the Bulgarian National Security Agency.Nevena Borisova
- Anti-Government Protests Rock Bulgaria's New Leadership June 19, 2013