Tag: friends

April 16, 2014 0

Frontiers – The Amway Analogy

By News Desk

Tweet Amway is an American institution, one of the first and most profitable of the multi-level marketing schemes, where what is really being sold is participation in the scheme not so much the products and the focus is on motivation, but not only motivation to sell, motivation to recruit new sales people, and the payoff is a cut of what the new sales people sell as they order through you.  It is not illegal, but MLM exploits the newbies at the bottom who have to buy their stock and are not always able to sell it as explained at the Skeptic’s Dictionary An Amway customer is not just buying a detergent, but is recruited into being a minister of a faith with a complicated bookkeeping scheme.

March 30, 2014 0

China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility"

By News Desk

China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility" Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs . China’s biggest banks more than doubled the level of bad loans they wrote off last year, in a sign that financial strains are mounting as growth in the world’s second-largest economy slows.

March 29, 2014 0

Steve McIntyre in the library with the knife

By News Desk

Tweet Steve McIntyre, in his usual passive aggressive style been harassing the University of Western Australia to use " the coercive power of the state to force other people to give him, gratis, the fruits of their labor".  In this case, of course what McIntyre wants is the data used in LOG12, Lewandowsky, Oberauer and Gignac (2012) aka Recursive Fury which had been published by Frontiers in Psychology and recently retracted because of complaints which threatened legal action.  The recursive fury which had broken lose among those who felt themselves called out only recursed with the retraction, with new recurses.

February 13, 2014 0

ECB Seriously Considering Negative Interest Rates; New Central Bank Mottos

By News Desk

ECB Seriously Considering Negative Interest Rates; New Central Bank Mottos Posted by Michael Shedlock at 3:48 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).