Unfettered development of capitalism leads to greater monopolisation by big business. Both of these were driven by asset price inflation of one kind or the other. Till now we have presented a macroeconomic picture of the housing market but it is obvious that such a market has the potential of having an asymmetric effect on households depending on their income category. Some broad pattern can be drawn about the different categories of households (see table 3). First, the bottom quintile was not a part of the recent run in the housing market since 2001. The value of home as a proportion of income increases the most for the middle quintile.
Having removed the necessity for the timeslots to be of equal duration the system becomes selftiming: asynchronous. This can be seen from the minutes of the Federal Open market Committee (FOMC) meeting of this period. Therefore, to withdraw the stimulus package now would be far from prudent. This measure is called the Financial Obligation Ratio (FOR) which, apart from the repayment of interest charges on outstanding mortgage and consumer debt, includes the automobile lease payments, rental payments on tenant-occupied property, homeowners’ insurance, and property tax payments.
Using an efficient dual VDD voltage assignment algorithm, we show that this speed improvement can yield a reduction of up to 7.3% in total circuit power in small benchmark circuits. We also propose embedding the functionality of logic gates into the level converting circuits. This is the time to categorically reject ‘there is no alternative’ (TINA) paradigm of the neo-liberalism and reassert alternative policy prescriptions which would be beneficial to common people. Notes: (1) It is another matter that the nature of state intervention was militarist in nature. The current economic crisis that capitalism is faced with is of far greater magnitude than was envisaged even a few months back precisely because of the extent to which the machinations of the globalized finance capital has spread across the world. Downward rigidity in prices and continuous increase in labour productivity results in a tendency towards increasing profit share in the total output. Whitney, M. (2005): “Pop Goes the Weasel: Greenspan and the Housing Bubble,” Monthly Review.