1. Penn IUR's Bankrupt: Lessons from Detroit's Fiscal Crisis

    01:32:37

    from Penn IUR / Added

    151 Plays / / 0 Comments

    A discussion on Detroit's unprecedented municipal bankruptcy and its implications for urban finance, pensions, and the future of American cities. Speakers include Gilles Duranton, Professor of Real Estate and Chair of Real Estate Department, Wharton School; Robert P. Inman, Richard K. Mellon Professor of Finance, Economics, and Public Policy, Wharton School; Jeremy Nowak, President of J Nowak and Associates, LLC and chair of the board of the Federal Reserve Bank of Philadelphia; and Thomas J. Sugrue, David Boies Professor of History and Sociology and Director of the Penn’s SSPF. Moderated by Susan M. Wachter Co-Director of Penn IUR.

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    • Leaving the Promised Land

      03:45

      from Thanasis Troboukis / Added

      An audio slideshow about the migrants leaving Greece and returning to their countries because of the financial crisis and extremist groups posing a threat towards their lives. Leaving the Promised Land By Thanasis Trompoukis and Armin Peter Research: Armin Peter, Thanasis Trompoukis Photos: Thanasis Trompoukis Production: Uwe H. Martin, Thanasis Trompoukis Music: Interpreter: Osaka's Dream Title: This Teddy Bear is Broken, I Will Repair It (2011)

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      • The UK and the Euro: Benjamin Angel (12 December 2011)

        38:36

        from Global Policy Institute / Added

        110 Plays / / 0 Comments

        Watch Benjamin Angel, European Commission. This was the third conference in a new series of conferences entitled "The Coalition's European Policy after the Honeymoon?", jointly organised by the Federal Trust and the Global Policy Institute and co-funded by the European Commission Representation in the UK, which took place on 12 December 2011 in London.

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        • Crisis in Greece

          05:50

          from brandon jourdan / Added

          6,880 Plays / / 0 Comments

          Greece is in the midst of a social rebellion with people at many different levels of society involved in strikes, occupations, riots, workplace slowdowns, self-reduction campaigns, and other forms of economic sabotage. Greece has become ground zero of the Eurozone’s fiscal crisis. The austerity measures promoted by the IMF/EU/ECB, otherwise known as the troika, are at the core of the social crisis in Greece. This short documentary looks at the crisis in Greece and social reactions to structural adjustment measures in October 2011.

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          • Deferred Maintenance

            06:10

            from Aaron Anderson / Added

            49 Plays / / 0 Comments

            One of my pet peeves is decades of deferred maintenance on many of our public school campuses. Would Google Trade campuses with any of our schools? Why should we settle for anything less than having our children attend school in facilities that are equally as snazzy as the high tech firms around the Bay Area? If you think of the children of California as an investment, isn't it time to double and triple down on that investment instead of slashing it in the name of "savings?" I for one am willing to pay substantially more taxes to fund better schools for our children; after all they are worth it.

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            • Scott Sumner - "It's Complicated: The Great Depression in the US"

              01:06:19

              from Oxford Hayek Society / Added

              1,896 Plays / / 0 Comments

              Scott Sumner received a BA in economics from the University of Wisconsin and a PhD in economics from the University of Chicago. Since 1982 he has taught economics at Bentley University, 8 miles west of Boston. His research interests include the role of the gold standard in the Great Depression, liquidity traps, the use of market expectations in guiding monetary policy, and the history of macroeconomics. He blogs at the Money Illusion. In his talk, Sumner argues that the Great Depression in America had two main causes. The initial contraction was triggered by a big drop in aggregate demand caused by worldwide gold hoarding (especially in America and France). Then the recovery was slowed by a large drop in aggregate supply resulting from President Roosevelt's high wage policy. He also discusses the Depression in other countries, and some modern parallels.

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              • Supervisor Antonovich Speaks on the State’s Fiscal Crisis

                02:14

                from Mike Antonovich / Added

                81 Plays / / 0 Comments

                6.05.09 -- Los Angeles County Supervisor Michael D. Antonovich speaks on the State of California’s fiscal crisis and calls on Governor Schwarzenegger and the legislature to implement significant structural reforms rather than the irresponsible and reckless plan to borrow from local government revenues. In a recent letter to Governor Schwarzenegger, Supervisor Antonovich recommended the appointment of a five-member Blue Ribbon commission with representatives from California’s top business schools to develop structural reforms within 60 days -- and call for a special session of the legislature to immediately implement them. The seven suggested reforms include: 1. CONSOLIDATING AND ELIMINATING STATE AGENCIES WITH DUPLICATIVE AND/OR UNNEEDED RESPONSIBILITIES - We need to rebuild the foundation -- not rearrange the furniture on the top floor of a collapsing building. For example, the Franchise Tax Board and the Board of Equalization could be combined for a savings of several million dollars. 2. A 2-YEAR BUDGET - This would enable school boards, county governments and city governments to have a consistent funding stream to prepare its own financial agenda for public safety, schools, libraries and parks. 3. ELIMINATING NON-ESSENTIAL COMMISSIONS AND REPLACING SALARIED COMMISSIONERS WITH $100 STIPEND PER MEETING 4. A PART-TIME LEGISLATURE - We have a full-time legislature that hasn’t done the job many states have with part-time legislatures. When not in session, part-time legislators can get back in the classroom teaching or serving the public in healthcare, business or farming -- whatever their position in the private sector is. It would bring a sense of reality to the legislative process, allow citizen lawmakers to bring valuable professional experience to the legislative process and reduce the high costs for excessive legislation. 5. REPEALING TERM LIMITS - Term limits have been a disservice that promotes instability and an inexperienced legislature. 6. ELIMINATING LEGISLATION THAT REQUIRES MORE DOLLARS TO PASS THAN RECIPIENTS WILL RECEIVE 7. REFORMING CIVIL SERVICE - We need to bring our civil service system into the 21st century. California state government needs reform -- not band-aids that allow business as usual.

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