Research and visual aids for INV

This is a running list of images and video for the INV storyline written by Eisa Davis, first workshopped for presentation in February 2013 at HERE’s Culturemart festival in New York City. INFO & TRADING ROUNDS. Mayor Bloomberg ringing the NYSE opening bell, Oct 31, 2012 And for something sillier, Robert Downey Jr. ringing to … Continue reading

German and Japanese Stakeholder Capitalism

People in Germany and Japan…do not have quite the same views about money and motives as Gordon Brown and Bill Clinton have. They tend to believe that, although money is a splendid thing to have, and few people would not put themselves out to get some, if you want to know why people work hard, … Continue reading

I need to be subsidized

Supermarket Owner Gives Away Stores to his 400 Employees

Joe Lueken, who owns and manages two grocery stores in Bemidji, Minnesota, and one in Wahpeton, North Dakota, is retiring at age 70. Instead of selling his stores to the highest bidder, though, he will transfer ownership to the stores’ 400 or so employees. The employees will participate in an employee stock ownership program, receiving … Continue reading

Current denominations of U.S. currency

Wikipedia says: Currently printed denominations are $1, $2, $5, $10, $20, $50, and $100. Notes above the $100 denomination stopped being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily in inter-bank transactions or by organized crime; it was the latter usage that prompted President Richard Nixon to issue an executive order in 1969 halting their use. With … Continue reading

Keynes on money

The importance of money flows from it being a link between the present and the future. —John Maynard Keynes And because I can’t link to it enough, the fabulous Keynes-Hayek rap, “Fear the Boom and Bust”

It goes back way before Citizens United…

These organizations [joint stock companies] had raised hackles from the very beginning. Sir Edward Coke (1552-1634), for example, had complained that “they cannot commit treason, nor be outlawed or excommunicated, for they have no souls.” Two centuries later, the lord chancellor, Edward Thurlow (1731-1806), echoed his words: “Corporations have neither bodies to be punished, nor … Continue reading

Eurozone denials

The rape of a mattress company

The investment firm, which bought Simmons in 2003, has pocketed around $77 million in profit, even as the company’s fortunes have declined. THL collected hundreds of millions of dollars from the company in the form of special dividends. It also paid itself millions more in fees, first for buying the company, then for helping run … Continue reading

“Paul Revere’s Ride” by Longfellow

Paul Revere’s Ride Henry Wadsworth Longfellow Listen my children and you shall hear Of the midnight ride of Paul Revere, On the eighteenth of April, in Seventy-five; Hardly a man is now alive Who remembers that famous day and year. He said to his friend, “If the British march By land or sea from the … Continue reading

The Stock Market: Explained! by 1950s educational videos

Two gems I found on DVD. Sadly, since I don’t own the copyright, and don’t feel like getting into a kerfuffle with anyone, for now I’m just going to put them behind a password on Vimeo for our own internal use. So, Team TRADE PRACTICES, you know what to do. If anyone else is reading … Continue reading

Shared Decisionmaking

notes on Dube, Arindrajit and Richard B. Freeman, “Complementarity of Shared Compensation and Decision-Making Systems: Evidence from the American Labor Market” in Shared Capitalism at Work: Employee Ownership, Profit and Gain Sharing, and Broad-Based Stock Options. Eds. Douglas L. Kruse, Richard B. Freeman, Joseph R. Blasi. (Chicago: University of Chicago Press, 2010). ______________________________________ In their research, … Continue reading

Canada: New Polymer Currency

Canada just recently introduced a new $100 banknote, made with a polymer substrate rather than paper. Its security features include two see-through windows. According to the Bank of Canada, you can “feel, look, and flip” to make sure the bill is real. The polymer bills can last much longer (up to two-and-a-half times longer) than … Continue reading

US Currency Design Timeline

from NewMoney.gov, “New Currency History” 1861 – first general circulation of paper money by the federal government 1929 – all paper currency is reduced in size by about 30% to lower manufacturing costs, and standardized designs across each denomination are introduced. 1955 – In God We Trust motto first appears on paper currency 1990 – Security thread … Continue reading

G&D and SmartCard/SIMcard Market

The European Telecommunications Standards Institute developed the GSM, or Global System for Mobile Communications, to standardize 2G cellular networks. The SIM card is a key feature of the GSM — it’s the vehicle for a Subscriber Identity Module that “stores network-specific information used to authenticate and identify subscribers on the network.” A SIM is embedded into … Continue reading

Different Classes of Common Stock

We know the difference between preferred stock and common stock, but what is the difference between common stock A  and common stock B? Some companies have different “classes” of common stock that vary based on how many votes are attached to them. So, for example, one share of Class A stock in a certain company might give … Continue reading

Corporate Governance: Stakeholder Theory

Comparative studies of corporate governance: Anglo-Saxon (Shareholder) model vs. German/Japanese Stakeholder model. Notes from Allen, Franklin and Douglas Gale. “A Comparative Theory of Corporate Governance.” Anglo-Saxon corporate governance (US, UK) is based on the Adam Smith model of organizing the economy. “The role of the firm in society is precisely to create wealth for shareholders … Continue reading

B-Corps

A benefit corporation is a class of corporation required by law to create general benefit for society as well as for shareholders. Benefit corporations must create a material positive impact on society, and consider how their decisions affect their employees, community, and the environment. Moreover, they must publicly report on their social and environmental performances using established third-party standards. Benefit … Continue reading

Warren Buffett

See here for Buffett’s influential NYT op-ed, “Stop Coddling the Super-Rich” Buffett’s TIME 100 2012 profile (written by Barack Obama, because why not) In the spring of 1942, an 11-year-old boy from Omaha made his first big investment, putting nearly his entire fortune — about $120 — into three shares of Cities Service Preferred. By June, the … Continue reading

Nucor Employee Relations Philosophy

Our relations with employees are based on these four clear-cut principles: Management is obligated to manage the company in such a way that employees will have the opportunity to earn according to their productivity. Employees should feel confident that if they do their jobs properly, they will have a job tomorrow. Employees have the right … Continue reading