asterisk2a + academia   114

Yanis Varoufakis: »MONEY AND POWER«, Public Lecture 2015-11-04
3rd bailout loan $0 went to Greece. All to pay off banks. extend & pretend. 1st: ~90% went to the banks. [...] ESM does not exist [...] banking union plan not progressing at all. //&! Yanis Varoufakis @Oxford Union - youtu.be/zWB6lY2GBjQ - ACADEMIA LACKS ANTI-ESTABLISHMENT ATTITUDE! Because going against the grain has become anti-reputation. [...] it's all about expectations, predictions about where S&P500 will be in 12 months. [...] regression between theory and reality. economists have never been humble. [ see Wall Street cottage factory of analysis and prediction shops ] [...] if you torture the data and model enough it will confess. [< EU monetary union based on theory ] [...] [34:00] Brussels is technically incompetent and will not reform itself. I am a libertarian marxist. Schumpeter. true creative destruction. great wealth currently created - all going to 1%. = not humanitarian. not democratic. [...] 41:00 Q&A, <48:50> gov budget not same as household budget; George Osborne.
bank  crisis  banking  crisis  European  Election  2014  sovereign  debt  crisis  austerity  Grexit  Yanis  Varoufakis  Tsipras  Syriza  Brussels  Wolfgang  Schäuble  Angela  Merkel  GFC  Great  Depression  credit  crisis  credit  creation  Super  Cycle  debt  overhang  liquidity  trap  ECB  Troika  MarioDraghi  economic  history  Richard  Koo  leverage  recovery  deflation  deflationary  Fiscal  Pact  Schuldenbremse  Germany  underinvestment  Super  Rich  reflate  reflation  Generationengerechtigkeit  1%  oligarchy  plutocracy  No  Representation  Career  Politicians  balance  sheet  recession  Euro  Gold  Standard  ESM  IMF  OECD  banking  union  EEA  Economics  Academia  Academics  Economists  Scholars  Soziale  Marktwirtschaft  income  distribution  inequality  Gini  coefficient  Gesellschaft  society  Yanis  Varoufakis  financial  crisis  economic  model  econometrics  social  theory  monetary  union  Chicago  School  poverty  economic  history  austerity  George  Osborne  David  Cameron  UK  nasty  party  Richard  Koo  macroeconomics  macroeconomic  policy  macroprudential  policy  aggregate  demand  Capital  Expenditure  income  tax  receipts  deflation  deflationary  Universal  Basic  class  warfare 
april 2016 by asterisk2a
Food Industry Enlisted Academics in G.M.O. Lobbying War, Emails Show - The New York Times
BOUGHT SCIENCE & Papers. // At Monsanto, sales of genetically modified seeds were steadily rising. But executives at the company’s St. Louis headquarters were privately worried about attacks on the safety of their products.
Wall  Street  profit  maximisation  shareholder  value  Consumer  Protection  self-regulation  regulation  regulators  crony  capitalism  capitalism  morality  GMO  crop  GMO  academia  academics  ethical  machine  ethics  trust  distrust  trustagent  revolving  door  Career  Politicians  No  Representation  food  industry  sick  population  Standard  American  Diet  Western  pattern  dietary  cholesterol  junk  food  processed  food  fast  food  Egg  Meat  Fish  Dairy  Milk  Poultry  lobbyist  lobby  Lobbying  Monsanto  Protection  Act  Monsanto  science  public  awareness  public  perception  public  debate  democracy 
october 2015 by asterisk2a
Global Capitalism: September 2015 Monthly Update - YouTube
Private Education (Charter Schools) that get public money, without the public being involved in decision-making how to spend that public money ... were outlawed/illegal, by Seattle Judges 6-2. //&! Tax exception of universities. Yale (4th richest uni of USA with 20bn in endowments) is being subsidized by people of the 7th poorest state. no property tax (largest land owner & employer in New Haven (Connecticut)). Public Services (Fire, Police, Hospitals) & Infrastructure. //&! min 41 Greg Mankiw: carbon tax would discriminate (burden too much) the middle class & poor with no wage growth last 30 yrs in disposable income vs corporates, well off, Super Rich, 1%. Rebuttal: tax more progressively those who can afford it. The crux of a carbon tax & tobin tax, setting it nationally, corporate lobby that it "will" be anti-competitive. Destroy Jobs. // 47:35 Science & Money. 1:09:20 Hegemony 1:22:20 public transport, US dogma; THE CAR! Committed 2 Private Free Enterprise. << Ideology. LA traffic
USA  income  distribution  income  redistribution  tax  code  lobbyist  lobby  Lobbying  inequality  Gini  coefficient  capital  gains  tax  capital  gains  tax  avoidance  tax  evasion  morality  taxpayer  income  tax  budget  deficit  neoliberalism  neoliberal  Public  Services  fairness  society  Gesellschaft  social  tension  social  cohesion  Super  Rich  1%  Wertegesellschaft  democracy  minority  majority  carbon  tax  carbon  trading  scheme  carbonemission  carbonfootprint  emissions  VAT  tax  progressive  coldprogression  kalte  Progression  income  inequality  American  Dream  income  mobility  social  mobility  tobin-tax  tobin  tax  conglomerate  heavy  industry  competitive  competitiveness  corporate  tax  rate  G  Zero  climate  change  global  warming  Policy  Makers  Generationengerechtigkeit  austerity  Monsanto  Monsanto  Protection  Act  food  industry  Hegemony  China  creditor  debtor  AIIB  TTIP  TPP  NAFTA  CETA  trade  agreement  self-regulation  regulation  regulators  oversight  accountability  ideology  dogma  free  market  transportation  transportation  underinvestment  infrastructure  investment  UK  TISA  BRIC  trickle-down  economics  economic  history  academia  academics  macroprudential  macroeconomic  microeconomic  commuting  productivity  output 
october 2015 by asterisk2a
SNP conference: John Swinney to give Scottish councils business rate powers - BBC News
[ so who is actually going to pay tax? to repair roads, winder service, replace street lights, clean the city, police, NHS, ... to fund councils budgets that are already deep in the red and are cut further over the next 5 years. Public libraries, pools, social care, etc etc. dismantling britian. framing it as job creator. as if tax cuts create demand! lol. its a race to the bottom. ] Colin Borland, the Federation of Small Businesses' (FSB) head of external affairs in Scotland, said it was good news that cutting the cost of doing business was "at the heart of the deputy first minister's message". He said: "If used appropriately, these powers could give local economies a welcome boost and it will be interesting to see how many hard-pressed councils will be able to take advantage of them." UK Chancellor George Osborne has promised local authorities in England more flexibility over business rates by 2020.
corporate  tax  rate  neoliberalism  neoliberal  Devolution  George  Osborne  SNP  Scotland  England  Wales  Northern  Ireland  corporate  welfare  subsidies  subsidizing  austerity  Public  Services  Social  Services  budget2015  budget  deficit  elderly  care  Big  Society  deprivation  community  Wall  Street  profit  maximisation  shareholder  value  trickle-down  economics  economic  history  UK  fiscal  policy  monetary  policy  Richard  Koo  debtoverhang  household  debt  private  debt  consumer  debt  tax  code  tax  free  income  aggregate  demand  Supply  and  and  Supply  credit  card  debt  credit  card  mortgage  market  Super  Cycle  debt  servitude  PR  spin  doctor  Positioning  Tories  Conservative  Party  dogma  ideology  nasty  reframing  framing  academia  academics  Niall  Ferguson  secular  stagnation  western  world  fairness  GFC  Generationengerechtigkeit  babyboomers  constituency  vested  interest  interest  groups  lobbyist  lobby  Lobbying  Makers 
october 2015 by asterisk2a
Perhaps austerity didn't choke off UK recovery - BBC News
But, as I mentioned, the disclosure that we were a bit richer in the last parliament than we thought is not all fabulous news for the chancellor. He and his Treasury colleagues should probably be anxious that the faster growth did not translate into higher tax revenues. In case you need reminding, George Osborne singularly failed to hit the deficit reduction targets he set himself. But the explanation can no longer be that the economy flatlined, because that's not what happened. So if the higher-than-thought growth in the last parliament left the gap between government revenues and expenditures tens of billions of pounds greater than George Osborne hoped, it also suggests that his aspiration of eliminating the deficit in this parliament may prove equally elusive. //&! Despite strong employment growth, wage growth remained historically weak - the usual link between falling unemployment and rising wages seemed to have been broken. - bbc.in/1OEffcS
trickle-down  economics  tax  evasion  tax  avoidance  self-employment  employment  working  poor  precarious  work  job  creation  Service  Sector  Jobs  Niedriglohnsektor  George  Osborne  austerity  economic  history  recovery  budget  deficit  fiscal  policy  property  bubble  credit  bubble  mortgage  market  excess  reserves  zombie  banks  zombie  corporations  zombie  consumer  Richard  Koo  academics  academia  IMF  Paul  Krugman  Gini  coefficient  inequality  underinvestment  Joseph  Stiglitz  private  debt  household  debt  credit  card  debt  credit  card  debt  servitude  disposable  income  discretionary  spending  wage  stagnation  wage  growth  income  growth  low  income  income  distribution  squeezed  middle  class  Sozialer  Abstieg  productivity  output  gap  Niall  Ferguson  secular  stagnation  underemployed  structural  unemployment  structural  imbalance  faultlines  Impediments  skills  gap 
october 2015 by asterisk2a
Building up and breaking down silos | Marketplace.org by Marketplace | Marketplace Radio | Free Listening on SoundCloud
The Financial Times' Gillian Tett explains why walls exist in business. // tunnel vision, ego (tribe, internal competition, withholding information for competitive advantage), blinded, narrow vision, no diversity of perspective, background, opinion. division of labour has downside if it becomes too rigid and small. // there is more than one way to define the world. // threat to power structure if you break up status quo and introduce diversity. // world exists between boundaries.
book  Silo  Platform  Open  Platform  Open  Source  conglomerate  corporate  culture  corporate  values  Google  Inc.  Collaborative  collaboration  diversity  Perspective  GFC  economic  history  academics  academia  Wall  Street  self-regulation  regulation  regulators  noise  pollution  24-hour  news  cycle  filter  bubble  algorithm 
october 2015 by asterisk2a
Millennials Can't Afford Cars, and Are Fine With That - Bloomberg View
As somebody who wondered in a column last week whether people in developed countries were perhaps learning that they no longer needed as much stuff as they used to, and whether this might lead to big shifts in the global economy, I read on with great interest. [...] The changes in young adults' consumption habits have clearly been influenced by economic forces. But economic forces shape societal attitudes, too. I also don't see much sign that these economic forces are about to reverse. Both these things can be true: The median 25-to-34-year-old has less to spend, and is less interested in spending it on a car.
wage  growth  income  growth  squeezed  middle  class  economic  growth  disposable  income  discretionary  spending  economic  history  globalization  globalisation  western  world  developed  world  UK  USA  Europe  Millennials  Generationengerechtigkeit  fairness  inequality  Gini  coefficient  social  mobility  income  mobility  marginal  propensity  to  consume  trickle-down  economics  neoliberalism  neoliberal  income  inequality  Super  Rich  1%  tax  code  capital  gains  tax  income  tax  Share  Economy  digital  academia  academics  microeconomic  policy  student  loan  debt  student  loan  student  debt  Bubble  wage  stagnation  secular  stagnation  household  debt  consumer  debt  private  debt  2015  recovery  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  Thomas  Piketty  plutocracy  Wall  Street  profit  maximisation  shareholder  value  emerging  middle  class  affordable  housing  social  housing  cost  of  living  cost  of  ownership  closetphile  status  anxiety  status  symbol  Media  materialism  zombie  consumer  consumerist  consumerism  Workers  Union  precarious  work  working  poor  living  standard  standard  of  living  Zeitarbeit  Leiharbeit  self-employment  Zero  Hour  Contract  Contractor  competitive  competition  differentiate  differentiation  Mobile  Creatives  Future  of  Universal  Basic  Germany  babyboomers  generation  rent  Richard 
september 2015 by asterisk2a
Group of 20 Financial Leaders Agree to Act to Bolster Growth - The New York Times
Ms. Lagarde was even more explicit, making it clear that governments had for too long relied on the supply of cheap cash from central banks that have been running ultra-loose monetary policy. “Monetary policy alone will not cut it,” she said. “It is necessary, it is recommended from our perspective, particularly in Europe and in Japan still, but it will not cut it on its own. “Clearly in the fiscal sphere as well as in the structural reforms sphere, more needs to be done, and it needs to accompany and eventually take the baton from the central bank governors.”
Europe  IMF  UK  USA  western  world  Richard  Koo  recovery  fiscal  policy  fiscal  stimulus  long-term  view  long-term  thinking  underinvestment  productive  investment  infrastructure  investment  industrial  policy  STEM  R&D  austerity  George  Osborne  ChristineLagarde  OECD  GFC  economic  history  trickle-down  economics  neoliberalism  neoliberal  liberal  economic  reform  Research  competitiveness  differentiate  differentiation  value  creation  added  value  Manufacturing  job  creation  Niedriglohnsektor  Service  Sector  Jobs  Future  of  Work  Smart  Grid  renewable  energy  business  investment  consumer  debt  household  debt  debtoverhang  monetary  policy  QE  ZIRP  NIRP  Germany  Pact  Schuldenbremse  Angela  Merkel  Wolfgang  Schäuble  inequality  Gini  coefficient  education  policy  David  Cameron  dogma  ideology  academia  academics  Mark  Blyth  Joseph  Stiglitz  Robert  Reich  Paul  Krugman  wage  growth  income  growth  G20  wage  stagnation  secular  stagnation  globalisation  globalization  flat  world  borderless  competitive  competition  currency  war  currency-war  currency  debasement  Exportweltmeister  BRIC  credit  bubble  global  economy  global  trade  global  imbalances  faultlines  structural  imbalance  Impediments  American  Dream  economy  energy  energy  policy 
september 2015 by asterisk2a
Vermögen sind in Deutschland sehr ungleich verteilt - SPIEGEL ONLINE
In keinem Land Europas ist der Reichtum so ungleich verteilt wie in Deutschland. Eine neue Untersuchung zeigt: Allein das reichste Prozent besitzt ein Drittel des gesamten Privatvermögens. In Spanien oder Frankreich ist der Wohlstand gleichmäßiger verteilt. // also academica - economics - society acknoledging the work mothers do. as italy added shadow economy (conservative estimate) and uk prostitution ... should add to GDP conservative estimate of shadow economy, illegal stuff like drugs trade?, stay at home mothers/fathers un-paid parenting work, ...
Gini  coefficient  inequality  Super  Rich  1%  Germany  Europe  tax  code  capital  gains  tax  social  mobility  income  mobility  gender  inequality  academia  academics  downward  mobility  hartz-iv  Agenda  2010  neoliberalism  neoliberal  corporate  tax  rate  tax  free  income  kalte  Progression  coldprogression  tax  evasion  tax  avoidance 
september 2015 by asterisk2a
Exposing The Lie Behind The "Strong Jobs Recovery" In One Chart | Zero Hedge
This data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers. This is scarcely a good basis for resilient consumer spending driven by “solid” job growth that the consensus – including the Fed – is banking on. // bit.ly/1IN2i8f - But the E/P (Employment/Population) ratio for high school or college graduates – i.e., eight out of nine American adults – has not recovered any of its recessionary losses, and stands about where it started, one, two and three years ago (purple line).
recovery  UK  USA  Service  Sector  Jobs  manual  labour  job  creation  job  market  labour  market  2015  Taper  underemployed  part-time  Zero  Hour  Contract  Contractor  minimum  wage  poverty  trap  Sozialer  Abstieg  squeezed  middle  class  working  poor  precarious  work  Precariat  GFC  dot.com  reflate  reflation  Fed  monetary  policy  monetary  stimulus  monetary  transmission  mechanism  unconventional  monetary  policy  monetary  system  fiscal  policy  austerity  social  mobility  income  mobility  Gini  coefficient  added  value  value  creation  Multiplier  economic  history  globalization  globalisation  academia  academics  Fed  mandate  Janet  Yellen  Ben  Bernanke  Niedriglohnsektor  wage  stagnation  wage  growth 
september 2015 by asterisk2a
The Productivity Paradox - NYTimes.com
First of all, productivity measurement is more art than science — especially in America's vast services sector, which employs fully 80 percent of the nation's private work force, according to the United States Bureau of Labor Statistics. Productivity is calculated as the ratio of output per unit of work time. How do we measure value added in the amorphous services sector? Very poorly, is the answer.
productivity  microeconomics  macroeconomics  output  gap  economic  slack  recovery  dot.com  GFC  academics  academia  Service  Sector  Jobs 
september 2015 by asterisk2a
Easy Money Creates the Most Dangerous Bubbles - Bloomberg View
[Money has been slushing arnd in markets speculating, not investing in future & productive, added value goods. big companies are flush 2. easy credit is holding zombie corps of the last century over water. western world is persisting 2 put a banking bailout/crisis in the light of a sovereign debt crisis 2 push idealogical austerity. falling way being, never be able 2 catch up with productivity, output gap, STEM, research, future of work, smart grid & infrastructure, retooling their economy 21st century style.] // "speculation in property markets, amplified by mortgage financing, as a persistent central factor driving economic cycles." [...] the worst bubbles -- those that inflict the most economic pain -- tend to involve not just speculation, but a surge in easy lending and increasing leverage. [...] economic downturns following credit bubbles were generally worse and lasted longer. [...] danger of leverage cycle. // [ easy credit & debt fuelled recovery of assets, not fundamentals ]
book  credit  bubble  liquidity  trap  Richard  Koo  economic  history  zombie  banks  Mark  Blyth  Paul  Krugman  Joseph  Stiglitz  business  confidence  business  investment  economic  damage  2015  faultlines  structural  imbalance  structural  unemployment  skills  gap  skill-biased  technological  change  education  policy  austerity  fiscal  policy  monetary  policy  recovery  western  world  USA  UK  Europe  Germany  underinvestment  productive  investment  infrastructure  investment  Smart  Grid  Software  Is  Eating  The  GFC  Career  Politicians  status  quo  social  contract  fairness  Generationengerechtigkeit  banking  crisis  TBTF  too  big  to  bail  too  big  to  jail  toobigtofail  financial  market  leverage  margin  trading  property  bubble  mortgage  market  ZIRP  NIRP  QE  Impediments  distortion  economic  model  economic  cycle  financial  cycle  financial  crisis  financial  incentive  financial  repression  financial  literacy  ECB  Abenomics  BOJ  BOE  Fed  monetary  stimulus  macroprudential  policy  macroeconomic  policy  microeconomic  policy  deleveraging  balance  sheet  recession  debtoverhang  BIS  unintended  consequences  unknown  unkown  PBOC  China  equity  bubble  speculative  bubbles  bond  bubble  debt  bubble  asset  bubble  asset  allocation  academia  academics  economic-thought  behavioral  economics  behavioral  finance  hubris  panic  consumer  confidence  confidence  trust  banking  investment  banking  distr 
august 2015 by asterisk2a
International Focus - A History of Austerity - YouTube
fallacy of composition problem // short-term profit seeking and rent-seeking behaviour, underinvestment, no productive investment - especially long-term. // this underinvestment - public and private sector + market forces and technological progess will level the world and the China/Asia/LatAm rises up to the western world level while western world stays stagnant (loss of standard/quality of living competitively) because of being behind - software is eating the world, 3D printing, uncompetitive manufacturing and heavy industry/goods because of higher energy prices because of lack of investment in energy storage systems that are realized right now and backing off in investment in renewable energy and energy efficiency schemes (especially UK budget2015), automation, robotics, lack knowledge workforce to fill future digital/STEM/knowledge jobs, because of low social mobility, student debt, cuts in education - vocational - professional, as well as giving up on child poverty targets.
rent-seeking  austerity  economic  history  recovery  GFC  secular  stagnation  ideology  dogma  European  Union  UK  USA  2015  underinvestment  productive  investment  asset  allocation  short-term  thinking  short-term  view  hunt  for  yield  QE  ZIRP  NIRP  asset  bubble  speculative  bubbles  equity  bubble  bond  bubble  public  investment  infrastructure  investment  long-term  view  long-term  thinking  Career  Politicians  neoliberalism  neoliberal  No  Representation  academia  academics  Angela  Merkel  Wolfgang  Schäuble  Troika  IMF  OECD  ChristineLagarde  Richard  Koo  Paul  Krugman  Robert  Reich  Joseph  Stiglitz  sovereign  debt  crisis  zombie  banks  TBTF  too  big  to  jail  toobigtofail  bank  bailout  NPL  ECB  Fed  BOE  fiscal  policy  Pact  Schuldenbremse  manufactured  consent  corporate  state  propaganda  corporate  media  populism  PR  spin  doctor  Eurogroup  EuroFin  democracy  Generationengerechtigkeit  fairness  social  contract  crony  capitalism  deregulation  self-regulation  regulation  regulators  lobbyist  lobby  Lobbying  revolving  door  unintended  consequences  unknown  unkown  lost  decade  lost  generation  western  world  Developing  developed  world  Gini  coefficient  social  mobility  income  mobility  policy  in 
august 2015 by asterisk2a
GDP: what aren’t we measuring? | New Economics Foundation
If the GDP increases, "can we infer that the quality of life for British workers is finally improving? Not necessarily". Our members New Economics Foundation put into question the measurement of people’s quality of life, job satisfaction, or general well-being.
GDP  finite  resources  economic  history  happiness  index  well  being  climate  change  global  warming  climate  crisis  climate  system  economic  damage  trickle-down  economics  Wall  Street  academia  academic  academics 
august 2015 by asterisk2a
Immigrants Don’t Steal Jobs by Slate's The Gist
high skill immigration adds to economy. low skill adds to economy - if - they are put into higher education and start to add after a handful of years to the economy in a added value job, not service sector job. // Debunking the Myth of the Job-Stealing Immigrant for the New York Times Magazine. // marginal downside effects. no sudden shocks because of migration. // immigration should be supplement to existing ('native') workers. - even low skilled workers are complement, to the skilled worker/economy. // net benefit to federal economy (taxes), net cost to local economy - integrating immigrants.
immigrants  immigration  Asylbewerber  Asylum  UK  USA  Europe  Germany  Ausländerfeindlichkeit  2015  demographic  bubble  premature  ageing  ageing  population  Japan  academia  academics  policy  folly  policy  error  integration  Integrationspolitik  Leadership  society  competitive  competitiveness  competitive  advantage  manual  labour  Service  Sector  Jobs  Niedriglohnsektor  capital  skills  skill-biased  technological  change  skills  gap  practical  skill  set  practical  skills  job  market  job  creation  labour  economics  labour  market  social  mobility  income  mobility  vocational  education  professional  education  apprenticeships  Makers  Angela  Merkel  Wolfgang  Schäuble  Career  Politicians  No  Representation  social  contract  Gesellschaft  Zivilgesellschaft  flat  world  borderless  globalisation  globalization  industrial  policy  microeconomic  policy  competition  China  economic  history 
august 2015 by asterisk2a
The Unseen Consequences of Zero-Interest-Rate Policy
distortion of asset allocation (mal-investment, investment in less productive areas for the economy) and risk appetite by pressure - hunt for yield. keeping zombie banks, consumers, and corporate alive by enabeling to rolling over their debt and even go further out on the time axis (long-term bonds/increase overall maturity of your debt - when it has to be repaid), incentive to buy on cheap credit, instead savings, delay of fiscal, economic, political reform by the given artificial time window (see lack of industrial, manufacturing, education, STEM policy/vision of UK) >> and false impression that austerity works great! // and as Richard Koo in one of his recent presentations (for his new book) said - Fed does not know how Taper will unfold, especially the problematic thing of long-dated bonds on their books and how to get them into the market.
ZIRP  NIRP  QE  Taper  Richard  Koo  economic  history  academia  academics  fiscal  policy  monetary  policy  recovery  GFC  hunt  for  yield  asset  allocation  asset  bubble  2015  distortion  productive  investment  financial  repression  financial  literacy  economic  damage  Group  behaviour  behavioral  economics  savings  rate  balance  sheet  recession  deleveraging  savings  glut  structural  deficit  structural  imbalance  Impediments  faultlines  austerity  Makers  Career  Politicians  No  Representation  policy  folly  policy  error  unintended  consequences  unknown  unkown  UK  USA  Europe  ECB  Fed  Abenomics  lost  decade  lost  generation  BOE  liquidity  trap 
august 2015 by asterisk2a
Lagarde beharrt auf Schuldenentlastung für Griechenland - SPIEGEL ONLINE
Der Internationale Währungsfonds ist in Athen verhasst. Ausgerechnet IWF-Chefin Lagarde unterstützt Griechenlands Premier Tsipras nun erneut bei seiner Forderung nach einer erheblichen Schuldenerleichterung. [...] "Wir sehen im Moment eine Situation, in der wir die Schuldenlast als nicht tragfähig beurteilen", sagte IWF-Chefin Christine Lagarde. "Es muss eine signifikante Schulden-Restrukturierung geben", forderte Lagarde mit Blick auf die Schuldenquote Griechenlands von rund 170 Prozent der Wirtschaftsleistung. Die Quote könne sogar in Richtung 200 Prozent steigen: Diese Einschätzung setze sich mehr und mehr durch, sagte Lagarde. // Compromise must be found, a pause for debt repaymen (EFSF, ESM, ECB) for ~15-20 years. With a slow start in repayments without interest coupon there after, coupled with economic / budget feasibility assessment of repayments in view of long-term sustainability. // &! bit.ly/1JUGCbF - IMF will refuse to join Greek bailout until debt relief demands are met
Greece  debtoverhang  sovereign  debt  crisis  economic  history  IMF  ChristineLagarde  debt  jubilee  debt  restructuring  Super  Cycle  debt  bubble  public  debt  European  Union  Angela  Merkel  Wolfgang  Schäuble  common  sense  dogma  ideology  Troika  austerity  propaganda  Zivilgesellschaft  Gesellschaft  Zivilcourage  Eurogroup  society  economic  damage  economic  model  academia  academics  Alexis  Tsipras  Yanis  Varoufakis 
july 2015 by asterisk2a
Joseph Stiglitz: It’s Time to Get Radical on Inequality - YouTube
Nobel laureate Stiglitz, author of The Price of Inequality and The Great Divide, studies the forces driving inequality and what is at stake if it continues. In his view, bad economic thinking deserves part of the blame — fanciful ideas like trickle-down and the notion that economists should try to increase the size of the economic pie and let the politicians worry about distribution. On the contrary, Stiglitz sees distribution as a problem economists must confront. He warns that an economic system that doesn’t raise standards of living for most Americans is a failure. [...] monopoly rent = too big to fail/tbtf (bailout) == cost to society/economic damage == where was antitrust!? monopolies are less productive & costly eventually in the long-term. rent exploitation through lobby! [...] this is bad for everyone, rising inequality, lower inequality is an econ multiplier // &! The Great Divide with Joseph Stiglitz and Robert Reich - youtu.be/e3aJxy9tA-w &! youtu.be/U-oEjFKCp00 NEET
inequality  income  inequality  gender  inequality  Gini  coefficient  social  mobility  downward  mobility  income  mobility  working  tax  credit  child  tax  credit  tax  code  capital  gains  fairness  income  distribution  capital  gains  tax  earned  income  tax  tax  avoidance  tax  evasion  corporate  tax  rate  tax  free  income  tax  credit  welfare  state  Public  Services  Services  austerity  trickle-down  economics  economic  model  economic  history  book  Privileged  progressive  kalte  Progression  coldprogression  wealth  distribution  academia  academics  neoliberal  neoliberalism  liberal  economic  reform  precarious  work  working  poor  poverty  trap  child  poverty  well  being  education  policy  vocational  education  skills  gap  paternity  leave  maternity  leave  gender-based  discrimination  gender  equality  Women  in  Tech  STEM  added  value  value  creation  shared  economic  interest  economic  damage  microeconomic  policy  economic  growth  disposable  income  discretionary  spending  Thomas  Piketty  Joseph  Stiglitz  josephstiglitz  Gesellschaft  social  tension  social  cohesion  society  uncertainty  insecurity  Career  Politicians  savings  rate  job  creation  labour  market  labour  economics  Lohnzurückhaltung  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  minimum  wage  living  wage  Contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  exploitation  Wall  Street  profit  maximisation  shareholder  value  crony  interest  interest  capitalis 
july 2015 by asterisk2a
Mark Blyth Mackenzie Lecture 2015 – Austerity and the Politics of Money - YouTube
too big to bail, thus stick it to the countries individually. // Draghi Put - LTRO, LTRO 2, ELA, what ever it takes, TLTRO, // 5trn (40% of EU GDP) put into banks since the crisis (as of 2013). // NPL (via stress test) - 1.22trn in NPL in EU banking system as of 2013. // TINA - there is no alternative (same with UK budget2015) - bbc.in/1N3hrdu &! Angela Merkel "Alternativlos" // bailed out the assets (income for banks via mortgages, loans, businesses loans and credit lines, insurance policies, 401ks, pension fund contributions) of the top 20-30% of the income distribution. austerity is put on the bottom 70-20% of the income distribution. a bailout not just of the banks, the system, but also the top 20-30%, the Super Rich, 1%, the Establishment, the Privileged, the babyboomers, the pensioners. ... and add QE, you really reflate/bail out the 1% ... 10% ... 20%, their pensions, investments, and so forth. // this was and still is a Class specific Put Option for those with assets!
Mark  Blyth  austerity  bailout  book  GFC  ECB  toobigtofail  TBTF  bank  bailout  too  big  to  bail  sovereign  debt  crisis  PIIGSFB  zombie  banks  ZIRP  NIRP  QE  financial  repression  economic  history  dogma  ideology  crony  capitalism  European  Union  Troika  Eurogroup  NPL  reflate  reflation  unknown  unkown  unintended  consequences  deregulation  self-regulation  regulation  regulators  complexity  oversight  investment  banking  shadow  banking  banking  crisis  financial  literacy  financial  market  financial  crisis  Wolfgang  Schäuble  MarioDraghi  equity  bubble  asset  allocation  distortion  inflation  targeting  inflation  expectation  European  Commission  European  Parliament  Angela  Merkel  GroKo  lenderoflastresort  Germany  banking  EuroFin  IMF  OECD  academia  academics  M3  monetary  policy  monetary  transmission  mechanism  Richard  Koo  debtoverhang  deleveraging  balance  sheet  recession  fiscal  stimulus  fiscal  policy  Pact  Schuldenbremse  spin  doctor  PR  manufactured  consent  propaganda  Lügenpresse  populism  corporate  media  deflationary  deflation  secular  stagnation  debt  monetisation  debt  monetization  Super  Cycle  budget2015  George  Osborne  Tories  Conservative  Party  Generationengerechtigkeit  fairness  No  bubble  asset  bubble  R 
july 2015 by asterisk2a
Credit Booms & Credit Busts - YouTube
// financial cycle twice as long as business cycles (which is on top, like an inverted pyramid). // financial markets are not self-stabilising // better make policy on caution, that if you don't act you will cause more long-lasting economic damage by curbing one obvious bubble not in (ie uk property bubble - people who have difficulty serving their interest payment) // QE does not facilitate loan growth in times of balance sheet recession - Richard Koo // QE is reflationary and currency war, downside size unknown - look Richard Koo, state has to pick-up shortfall of demand // // There is now a growing consensus among policymakers and academics that a key element to improve safeguards against financial instability is to strengthen the “macroprudential” orientation of regulatory and supervisory frameworks. [Dr. Claudio Borio @ BIS], one could even say that “we are all macroprudentialists now”. And yet, a decade ago, the term was hardly used. What does it mean?
BIS  equity  bubble  speculative  bubbles  credit  bubble  asset  bubble  property  bubble  macroprudential  policy  macroeconomic  policy  ZIRP  NIRP  QE  Taper  unintended  consequences  unknown  unkown  complexity  bond  bubble  Student  Loan  debt  debt  regulation  oversight  governance  BOE  simplicity  incomplete  information  academia  academics  economist  behavioral  economics  behavioral  finance  economic  history  systemicrisk  EuropeanSystemicRiskBoard  financial  market  sustainable  sustainability  mortgage  market  UK  USA  China  speculative  speculation  contagion  monetary  policy  unconventional  monetary  policy  monetary  theory  modern  monetary  theory  credit  boom  financial  cycle  Makers  policy  folly  policy  error  Career  Politicians  short-term  thinking  short-term  view  political  economy  political  theory  centralbanks  economic  damage  economic  model  Richard  Koo  animal  spirit  austerity  monetary  transmission  mechanism  robertshiller  Robert  Shiller  ideology  dogma  sovereign  debt  crisis  populism  corporate  state  manufactured  consent  Lügenpresse  BOJ  Fed  currency  war  currency  debasement  ECB  negative  real  interest  rate  Japan  hunt  for  yield  irrational  exuberance 
july 2015 by asterisk2a
Richard Koo: "Out of the Balance Sheet Recession and into QE 'Trap'" - YouTube
Released new book end of 2014. // Banks unable to lend money 2 unwilling (eligible) customers. Money remains on the private banks (&Central Banks in form of bonds) balance sheets/books & mostly allocated towards parking it overnight @Central Banks deposit facility (thus ECB put up a deposit levy, late into the game) or liquid fairly un(der)productive investment classes like gov bonds. // Companies (& people ie 4 education/housing) borrowing & investing (into the future, that is uncertain, unknown, deflationary)!? // 19:30 Even Abenomics is not working. Bc trauma towards Debt! behavioural economics: experience of debt servitude on less income, additional uncertainty & distrust! // Lowering corporate tax rate (like George Osborne) does not help. // Persistent low inflation expectations. // Taper extremely difficult: 2.5trn excess in long bonds. Unknown territory. Possibly future higher interest rates than fnd economic growth does warrant - adding to output gap & new normal.
2015  UK  USA  liquidity  trap  QE  ZIRP  NIRP  balance  sheet  recession  deleveraging  debtoverhang  Japan  Fed  BOE  BOJ  GFC  recovery  austerity  economic  history  economic  model  academia  deflationary  monetary  transmission  mechanism  M3  LTRO  TLTRO  lost  decade  lost  generation  fiscal  policy  monetary  policy  Career  Politicians  bond  bubble  equity  bubble  property  bubble  negative  real  interest  rate  deposit  levy  economic  growth  trickle-down  economics  secular  stagnation  headwinds  Great  Depression  PIIGSFB  PIGS  macroeconomic  policy  microeconomic  policy  economic  damage  behavioral  economics  zombie  banks  Abenomics  squeezed  middle  class  wage  growth  wage  stagnation  cash  flow  cash  flow  management  trust  distrust  long-term  view  long-term  thinking  sovereign  debt  crisis  debt  servitude  household  debt  debt  monetisation  debt  monetization  Super  Cycle  student  loan  debt  private  debt  consumer  debt  student  debt  George  Osborne  David  Cameron  competitiveness  competitive  industrial  policy  budget2015  business  investment  infrastructure  investment  demographic  bubble  uncertainty  Sozialer  Abstieg  disposable  income  discretionary  spending  Yen  JGB  Taper  greatrecession  USD  dogma  ideology  public  investment  short-term  thinking  short-term  view  productivity  output  gap  underinvestment  productive  investment  book  rate  private  savi 
july 2015 by asterisk2a
Staatsverschuldung als Problem der Generationengerechtigkeit | Lars P. Feld | SWR Tele-Akademie - YouTube
henry paulson and tim geithner said they are in a moral hazard. put it the way to either nationalise (aka the end of American Dream, Failure part of capitalism) or bailout (gov loans and co like TARP). Rather the moral hazard was to either put current and future unborn generation in debt servitude they had nothing to do with and keep criminals private with all its benefits. Or really give a warning shot a privatise banks and end the profligacy of crony capitalism and Wall Streets shareholder value creation only and profit maximisation - without consequences. // and Europe looks towards USA and did the same; made banks whole again (because they were really - TBTF - and would pushed some EU countries into Great Depression/Insolvency. especially France & Belgium where bank liabilities were too big for public balance sheet) and took some of the debt onto its public balance sheet (and gave bailout loans) to be served by current & future unborn generation.
Generationengerechtigkeit  austerity  bailout  sovereign  debt  crisis  economic  history  Failure  zombie  banks  toobigtofail  TBTF  too  big  to  jail  Wall  Street  crony  capitalism  capitalism  fiscal  policy  academia  academic  moralhazard  morality  American  Dream  GFC  policy  folly  policy  error  World  Bank  IBS  IMF  liberal  economic  reform  neoliberal  neoliberalism  PIIGSFB  PIGS  Greece  Grexit  UK  fiscal  sovereignty  Pact  Schuldenbremse  Career  Politicians  No  Representation  democracy  banking  crisis  history  henrypaulson  timgeithner  benbernanke  Ben  Bernanke  Makers  lobbyist  lobby  Lobbying  ideology  dogma  populism  fairness  manufactured  consent  propaganda  financialcrisis  FinancialCrisisInquiryCommission  media  conglomerate  corporate  state  European  Union  fiscal  transferunion  European  Eurobond  currency  Agenda  2010  hartz-iv  Stability  and  Growth  Pact  generational  conflict  social  tension  social  cohesion  Verteilungskonflikt 
july 2015 by asterisk2a
Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian
Debt restructuring has always been our aim in negotiations – but for some eurozone leaders Grexit is the goal [...] To frame the cynical transfer of irretrievable private losses on to the shoulders of taxpayers as an exercise in “tough love”, record austerity was imposed on Greece, whose national income, in turn – from which new and old debts had to be repaid – diminished by more than a quarter. It takes the mathematical expertise of a smart eight-year-old to know that this process could not end well. [...] In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout’s “logic” and drop any demands for debt restructuring or your loan agreement will “crash” – the unsaid repercussion being that Greece’s banks would be boarded up. [...] Wolfgang Schäuble, decided that Grexit’s costs were a worthwhile “investment” as a way of disciplining France et al,
Yanis  Varoufakis  debt  restructuring  debt  jubilee  Super  Cycle  sustainable  sustainability  Great  Depression  Greece  Grexit  lost  decade  lost  generation  PIGS  Troika  Germany  France  IMF  Angela  Merkel  ChristineLagarde  European  History  Wolfgang  Schäuble  Thomas  Piketty  ECB  MarioDraghi  Leadership  European  Union  Insolvenzverschleppung  insolvent  insolvency  austerity  economic  policy  folly  policy  error  Career  Politicians  No  Representation  dogma  ideology  propaganda  Lügenpresse  bailout  zombie  banks  populism  manufactured  consent  media  conglomerate  corporate  state  Jeroen  Dijsselbloem  Jean-Claude  Juncker  Eurogroup  EFSF  ELA  EuropeanSystemicRiskBoard  systemicrisk  toobigtofail  TBTF  too  big  to  jail  referendum  PIIGSFB  PIIGS  FrancoisHollande  academia  academic  academics  carmenreinhart  kennethlewis  Alexis  Tsipras  Syriza  Wall  Street  crony  capitalism  Podemos  Indignants  Indignados  occupywallstreet  fairness  GFC  recovery  economic  model  trickle-down  economics  economic-thought  shared  economic  interest  profit  maximisation  shareholder  value  economists  economic  damage  short-term  thinking  short-term  view 
july 2015 by asterisk2a
IMF Slams Germany, Says Greece "Needs Debt Restructuring" | Zero Hedge
on the ticker. IMF'S LAGARDE SAYS DEBT RESTRUCTURING NEEDED IN GREECE. IMF'S LAGARDE SAYS FUND REMAINS 'FULLY ENGAGED' WITH GREECE. IMF'S LAGARDE SAYS IMF CANNOT GIVE GREECE SPECIAL TREATMENT // Earlier today, confirming that Germany sternly refuses to change its tune about a Greek debt haircut or even a debt "reprofiling" of Greece and would not budge an inch on Tsipras tacit request for at least some debt leeway, we reported that "the German government does not see any reason to grant Greece either a classic debt haircut or any other measures that would slash the value of money on loan to the crisis-ridden country, a spokesman for the finance ministry said on Wednesday." // IMF has admitted it was wrong to advocate for austerity, now IMF admits it was wrong to hope that its approach (together with Troika) would help Greece. // an economic model is an economic model, not the real world and especially not able to predict the future. // "Alternativlos."
Grexit  sustainable  sustainability  Greece  PIGS  sovereign  debt  crisis  debt  jubilee  haircut  debt  restructuring  ChristineLagarde  economic  history  austerity  ideology  dogma  academia  KennethRogoff  carmenreinhart  academic  economic  model  economist  economics  economic  damage  neoliberal  neoliberalism  liberal  economic  reform  Troika  IMF  ECB  MarioDraghi  BuBa  Jens  Weidmann  Angela  Merkel  Wolfgang  Schäuble  Germany  France  FrancoisHollande  European  Union  Yanis  Varoufakis  Alexis  Tsipras  referendum  Career  Politicians  No  Representation  society  bailout  zombie  banks  Gesellschaft  fairness  GFC  recovery  European  Syriza  Podemos  Indignants  Indignados  lost  generation  lost  decade  trust  trustagent  Protest  Partei  Protest  Party  symptom  voter  turnout 
july 2015 by asterisk2a
Alexis Tsipras im EU-Parlament: Viel reden, wenig sagen - SPIEGEL ONLINE
bit.ly/1IJwjL7 Greece needs much more time for reform implementation and to get to a stable economy, till it even can be considered debt repayment - even if all creditors block a substantial haircut/debt jubilee - they had (Germany). IF THEY (creditors) can not see a 'common sense' deal through, Greece will have to issue IOU in lieu of Euro paper money for Pensioners, Civil Servants & Contractors or break with ECB and issue unsecured loans to Banks via Bank of Greece. AND/OR as well as probably enact Plan B for a return to the Drachma ( bit.ly/1D16Rus ) AND THEN - Juncker threatens-claims Tsipras to have in-detail Grexit plan ( bit.ly/1gobU36) already. This only speak to the dogma & ideology creditors live in. No willing to compromise for the future of european union and actually use the crisis as an opportunity for more integration and solidarity. A union that Europe needs for its future, existence.
Greece  Grexit  referendum  creditors  IMF  Alexis  Tsipras  Syriza  Germany  EFSF  ECB  MarioDraghi  ChristineLagarde  Troika  Jean-Claude  Juncker  Angela  Merkel  Wolfgang  Schäuble  France  FrancoisHollande  zombie  banks  European  Union  European  History  Career  Politicians  No  Representation  Leadership  compromise  dogma  austerity  ideology  economic  economic  model  academia  political  economy  political  theory  political  error  political  science  political  folly  Governance  solidarity  fiscal  monetary  banking  transferunion  currency 
july 2015 by asterisk2a
Robert Noyce and the Rise of Silicon Valley (2009) - YouTube
BBC Docu about history (its past) of Silicon Valley. // &! Something Ventured - Something Ventured is a 2011 documentary film investigating the emergence of American venture capitalism in the mid-20th Century.
Silicon  Valley  history  technological  history  technological  progress  STEM  Women  in  Tech  meritocracy  meritocratic  American  Dream  USA  academia  creative  destruction  Venture  Capital 
july 2015 by asterisk2a
Greece’s fight is for democracy in Europe. That’s why we must support it | Owen Jones | Comment is free | The Guardian
The EU powers told Greeks their world would cave in unless they acquiesced by voting yes. The no vote has raised the political stakes even higher (by Owen Jones, author) The referendum was, of course, a rejection of an austerity programme that has unleashed what is commonly described in Greece as a humanitarian crisis. Since Lehman Brothers crashed in 2008, austerity has always relied on the displacement of blame from elites to elsewhere. It was Goldman Sachs who helped the then Greek government to cook the countrys books to win entry into the euro. It was German & French banks who profitably and recklessly lent to Greece, just as US banks disastrously showered subprime mortgages on low-paid Americans. It was Germany who benefited from being able to export its consumer goods to peripheral European countries such as Greece. [transfer of debt/risk, plunging people & welfare state downward spiral with little growth to pay off new debt = unsustainable by Wall Street] &! bit.ly/1G3v9ns
democracy  referendum  Grexit  Greece  Europe  technocrat  austerity  economic  history  GFC  Career  Politicians  IMF  World  Bank  ECB  Troika  crony  capitalism  bailout  zombie  banks  too  big  to  jail  TBTF  toobigtofail  banking  crisis  sovereign  debt  crisis  Wall  Street  capitalism  neoliberal  neoliberalism  liberal  economic  reform  Yanis  Varoufakis  Owen  Jones  Thomas  Piketty  debt  jubilee  haircut  Leadership  No  Representation  Super  Cycle  debtoverhang  debt  restructuring  dogma  ideology  propaganda  Lügenpresse  manufactured  consent  history  European  solidarity  Germany  Angela  Merkel  corporate  state  Wolfgang  Schäuble  Jean-Claude  Juncker  ChristineLagarde  MarioDraghi  academia  academics 
july 2015 by asterisk2a
Münchau: Merkel zwischen Schuldenkonferenz und Grexit - SPIEGEL ONLINE
[ Groesste feigheit und intelectual cynicism of EU history. "Alternativlos." BIS warned, time was wasted. ] Mit ideologischer Verbohrtheit beharren die Deutschen darauf, dass Griechenland all seine Kredite zurückzahlen muss - was so oder so nicht geschehen wird. Höchste Zeit also für eine Schuldenkonferenz! // Case of history - Treaty of Versailles = Nationalism (Nazi) and Rechtsruck! Happened in Greece and Co. and in Germany. // People learned and after WW2 and came together to give Europe a chance! >> London Debt Agreement (German: Londoner Schuldenabkommen) "An important term of the agreement was that repayments were only due while West Germany ran a trade surplus, and that repayments were limited to 3% of export earnings. This gave Germany’s creditors a powerful incentive to import German goods, assisting reconstruction." - bit.ly/1exF0vY bit.ly/1ep1dvW - also periphery countries like France, Italy, Spain and Portugal were encouraged by Allies not to demand war reparations.
Greece  Grexit  PIIGS  PIGS  sovereign  debt  crisis  debtoverhang  ideology  propaganda  WW1  WW2  Treaty  of  Versailles  debt  jubilee  European  History  London  Agreement  Londoner  Schuldenabkommen  common  good  common  sense  Gesellschaft  dogma  populism  economic  society  austerity  trickle-down  economics  long-term  view  long-term  thinking  solidarity  Angela  Merkel  IMF  Troika  Wolfgang  Schäuble  World  Bank  Jean-Claude  Juncker  ChristineLagarde  academia  academics  sustainable  sustainability  Super  Cycle  debt  restructuring  haircut  debt  bubble  TBTF  too  big  to  jail  toobigtofail  crony  capitalism  Career  Politicians  No  Representation  Leadership  Legacy  vision  European  Union  fiscal  transferunion  Eurobond  lost  decade  lost  generation  GroKo  Sigmar  Gabriel  manufactured  consent  corporate  state  democracy  Lügenpresse  political  theory  political  error  political  economy  political  folly  policy  folly  policy  error  ECB  MarioDraghi  Makers  Great  Depression  GFC  recovery  output  gap  bailout  zombie  banks  banking  EuropeanSystemicRiskBoard  BIS 
july 2015 by asterisk2a
James Rickards - The Death of Money - 04-30-15 - YouTube
distribution of risk (bell curve, wrong) & talebs black swan! / 'dismal science alone doesn't do the world and people justice.' / IMF is the central bank of the world (funded, special drawing right - SDR; out of thin air - backed by national central banks as reference (basket) but not backed by anything. printed money.) / Hungary's crisis - people borrowing in Swiss Franc ... SDR marry go round paying someone off with the help of IMF ... / IMF is transparent non-transparent. Try reading it. Need to be an expert. / AIIB able to issue bonds and got billions in capital - China/Asia Development Bank. Everybody joined because they want those contracts for their local/national companies ... except USA. Asia (China led) World Bank equivalent. - bit.ly/1Mxz1Dp &! bit.ly/1x04SZv / China wants to be in IMF & be part of basket of SDR / China may back its currency with Gold eventually once theyve got enough & leverage then its position. / US wants Yuan to be pegged to $ / m44 debt sustainability
economic  model  book  economic  history  monetary  policy  unconventional  monetary  policy  monetary  system  monetary  theory  modern  monetary  theory  academia  academics  science  sociology  psychology  discounted  risk  risk  discount  complexity  distributed  behavioral  economics  behavioral  finance  dogma  ideology  centralbanks  Fed  technocrat  IMF  World  Bank  Troika  bailout  too  big  to  jail  toobigtofail  TBTF  austerity  debt  monetisation  debt  monetization  currency  war  currency-war  currency  debasement  SDR  Special  Drawing  Right  AIIB  inflation  EuropeanSystemicRiskBoard  systemicrisk  counterpartyrisk  leverage  zombie  banks  Wall  Street  financial  repression  financial  literacy 
july 2015 by asterisk2a
Where next? - YouTube
2:50 >> no income growth (average hourly earnings), despite being now for 1-2 quarters at employment rate pre-recession. Q is! is the flat income growth (average hourly earnings) a symptom that job creation took only place in Service Sector Jobs couples with self-employment! And very very little in comparison in manufacturing, R&D and other high value add jobs. Or is it because of Lohnzurueckhaltung? And there is still slack in the economy, while BOE doesn't think so for 2015 and expects incomes/pay increases to be noticeable in 2015.
recovery  USA  UK  income  growth  western  world  consumer  confidence  secular  stagnation  productivity  2015  economic  history  GFC  labour  market  labour  economics  self-employment  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  working  poor  precarious  work  Precariat  contractor  contract  part-time  Zero  Hour  1099  Economy  Lohnzurückhaltung  output  gap  Fed  BOE  unknown  unkown  economics  academia  academic  academics 
may 2015 by asterisk2a
Jeremy Rifkin: A New Era of Capitalism - YouTube
energy changes societies. urbanisation and suburban enabled by fossil fuels. // "Energy Internet" clients are houses with solar roof-top and plugged in electric cars. Nodes are wind and solar farms, storage forms etc. Sharing energy globally. Continentalisation. // scales laterally, favours SME/SMB. // democratise manufacturing = 3D printing // Top-Down Corps to Prosumer (ProAm) to everybody being a potentially player! thus entrepreneurship, differentiation, being remarkable (Seth Godin). Distributed. Collaborative. Open. Transparent. (Open Source). Lateral Power. (TaxiOS project (collaborative) vs Uber (still top-down Wall Street profit maximisation shareholder value with no shared economic interest, capitalism [ youtu.be/wCLPizjSe6I ]). // We have to move from geopolitics to biosphere politics. Wall Street corporates are no stakeholders in our world, well being etc. // Continental political unions. Europe, Asia, South America, North America // Curse of oil! no diversification.
book  Industrial  Revolution  2.0  Energy  Internet  infrastructure  investment  infrastructure  Smart  Grid  ProAm  differentiate  differentiation  Seth  Godin  Future  of  Work  Mobile  Creatives  Mobile  Creative  Career  Politicians  No  Representation  education  policy  vocational  education  practical  skills  practical  skill  set  geopolitics  biosphere  politics  carbonfootprint  carbonemission  fossil  fuel  Wall  Street  stakeholder  globalisation  globalization  Collaborative  Capitalism  crony  profit  maximisation  shareholder  value  productive  investment  underinvestment  GFC  21stcentury  Europe  tarsand  shale  gas  shalegas  fracking  economic  model  economic-thought  economic  history  academia  academic  academics  trickle-down  economics  economics  of  abundance  marginal  cost  economic  growth  empathy  authenticity  authentic  humanitarian  crisis  human  tragedy  human  capital  human  progress  human  being  global  citizenship  global  warming  extreme  weather  weather  extreme 
may 2015 by asterisk2a
John Ralston Saul: The Collapse of Globalism - YouTube
the source of legitimacy is economics and only one source/type of economic thinking // TTIP & Co erase governments! // globalisation hailed promises, empty promises. // the more they say its inevitable, the more you know its the way out. // bailout for one side of society, and austerity for the others // no shared economic interest !!! rootless tax evaders global corporations are not stakeholders in country X // where does the power go? decision and policy making? to those with money and influence and network! - thus not the citizens // "we are in a post-globalist world" really? why is there then TTIP? Austerity is currently taking over the vacuum! // neoliberalism pouted and propagandated by fear induced monologues by Career Politicians (GFC) // money has no moral limits nor conscience !!! // great moderation and unfettered globalisation & financial realm (masters of the universe) - Alan Greenspan & Ben Bernanke >> extremes (ideology) break down (GFC) // austerity doesn't work!
globalisation  globalization  economic  history  GFC  recovery  austerity  liberal  economic  reform  book  democracy  human  capital  deregulation  lobbyist  lobby  Lobbying  No  Representation  Career  Politicians  economic  model  trickle-down  economics  borderless  TTIP  flat  world  income  growth  western  world  Gini  coefficient  Consumer  Protection  CETA  NAFTA  USA  social  cohesion  social  contract  social  tension  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  Davos  1%  Super  Rich  Thomas  Piketty  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  bailout  too  big  to  jail  toobigtofail  TBTF  PIGS  IMF  Bank  education  policy  vocational  education  underinvestment  productive  investment  Industrial  Revolution  2.0  Future  of  Work  tax  evasion  tax  avoidance  tax  code  stakeholder  Margaret  Thatcher  Angela  Merkel  David  Cameron  George  Osborne  neoliberal  neoliberalism  academia  academic  alangreenspan  Ben  Bernanke  benbernanke  Great  Moderation  zombie  banks  ideology  individuality  sociology  society  psychology  gesellschaft  western  society  capital  gains  self-regulation  regulation  regulators  Bank  Oversight  revolving  door 
may 2015 by asterisk2a
Tom Keene's Excited: Counting the Labor Economy - YouTube
break of a trend of rise in net new job creation // rise in uncounted unemployed - biggest count among them black, latino, mexican, // also unaccounted - how much, what sliver of the 2000s stagnation is self-employment numbers where you just make ends needs just about barely inching towards living wage but far off at your cushy old job with a middle class wage. Picture also highlights that 2000 dot.com recovery was a debt fueled recovery. As well as is the recovery from the GFC. Lay over that graph also GDP and GDP per capita. And S&P500 (w dividends, w revenues of businesses in the S&P500 USA companies US business) That will show. //
21stcentury  2000  labour  market  labour  economics  USA  Western  World  globalisation  Industrial  Revolution  2.0  borderless  competitive  competition  competitiveness  Career  Politicians  short-term  thinking  short-term  view  Wall  Street  contractor  Zero  Hour  Contract  outsourcing  job  creation  Industrial  Revolution  economic  history  Software  Is  Eating  The  World  unemployment  underemployed  workforce  participation  rate  self-employment  employment  structural  unemployment  secular  stagnation  dot.com  recovery  GFC  austerity  IMF  OECD  UK  Europe  Germany  squeezed  middle  class  middle  class  disposable  income  discretionary  spending  economics  of  abundance  marginal  cost  academia  academics  ZIRP  NIRP  QE  debt  monetisation  debt  monetization  bailout  social  cohesion  policy  error  policy  folly  Workers  Union  Millennials  babyboomers  generationy 
may 2015 by asterisk2a
Solving the productivity puzzle - BBC News
UK productivity growth (as measured by output per hour worked) has been exceptionally weak since 2008. Productivity growth has actually been weak across the developed economies since the Great Recession but especially so in the UK. Beyond those facts though, there is little agreement. The talk is instead of a "productivity puzzle": solving that puzzle is the key to both a lower government deficit and to higher living standards. [...] [I]t could be that the nature of Britain's recovery explains the low productivity growth. Rather than lower productivity leading to lower real wages (as companies cannot afford to increase pay), it may be that lower real wages have encouraged firms to hire workers rather than investing in new equipment. This could have lowered productivity. [...] Much of it feels more traditionally "sociological" than "economic". // 2nd Industrial Revolution - Software is Eating the World, Self-Employment, contractors, Zero Hour Contracts, etc. &! bit.ly/1aRi7Bw
productivity  output  gap  recovery  GFC  Western  World  UK  Service  Sector  Jobs  Services  Industry  Share  Economy  STEM  Niedriglohnsektor  Manufacturing  Industrial  Revolution  policy  Robotics  deflationary  secular  stagnation  OECD  economic  history  equity  bubble  bond  bubble  ZIRP  NIRP  QE  business  investment  business  confidence  austerity  fiscal  policy  sovereign  debt  crisis  monetary  policy  algorithm  automation  Software  Is  Eating  The  World  borderless  flat  globalisation  globalization  competitive  Europe  USA  China  Asia  BRIC  Russia  Latin  America  digital  precarious  work  working  poor  poverty  squeezed  middle  class  coldprogression  cold  progression  tax  evasion  tax  avoidance  Super  Rich  productive  investment  1%  speculative  bubbles  liquidity  trap  debtoverhang  zombie  corporations  zombie  banks  zombie  consumer  property  bubble  demographic  bubble  complexity  incomplete  information  lost  decade  lost  generation  Abenomics  Japan  uncertainty  distrust  No  Representation  Career  Politicians  trust  trustagent  policy  folly  Wall  Street  shareholder  value  profit  maximisation  academia  sociology  sentiment  consumer  confidence  fear  anxiety  status  anxiety  crony  capitalism  social  co 
april 2015 by asterisk2a
The Ashcroft Interviews: Money, Blood & Revolution - YouTube
George Cooper - broken economics << is in crisis. is not offering useful guidance for policy makers because of so much conflicting views that are taken at time and voiced at times very violently. "economics is akin to astrology." ... QE will create bigger future recession. &! neoclassical = trickle-down/trickle-through &! economics teaches you a wrong view / looking glass &! neoclassical view - getting richer and richer. is that really true? &! maintaining status quo &! self-interest &! Marx says capitalism is polarising
book  economics  economist  GFC  academia  academics  centralbanks  equilibrium  disequilibrium  QE  debt  monetization  debt  monetisation  monetary  policy  unconventional  monetary  policy  debt  bubble  sovereign  debt  crisis  Super  Cycle  debt  jubilee  debt  restructuring  balance  sheet  recession  debtoverhang  debt  overhang  Gini  coefficient  income  inequality  inequality  social  cohesion  trickle-down  economics  liquidity  trap  Philosophy  LTRO  TLTRO  education  policy  social  mobility  income  mobility  fairness  tax  evasion  tax  avoidance  downward  mobility  social  safety  net  austerity  Makers  policy  folly  policy  error  Career  Politicians  Lobbying  lobbyist  lobby  Super  Rich  1%  Wall  Street  crony  capitalism 
march 2015 by asterisk2a
Yanis Varoufakis Newsnight interview - YouTube
youtu.be/VBsIwmRTZgY (2011) &! Yanis Varoufakis ... TEDxAcademy - Yanis Varoufakis - A Modest Proposal for Transforming Europe (2011) - youtu.be/CRRWaEPRlb4 &! The Global Minotaur: The Crash of 2008 and the Euro-Zone Crisis in Historical Perspective - youtu.be/iVxaTC7Qp44 &! &! youtu.be/FJP1Ysx47fo (Pre-Appointment to Finance Minister) "We are going to destroy the Greek oligarchy system" &! Yanis Varoufakis: Confessions of an Erratic Marxist (2013) - youtu.be/A3uNIgDmqwI &! Alexis Tsipras & Slavoj Žižek /// The Role of the European Left (2013) - youtu.be/aUh96oXYt18 &! http://youtu.be/PelAe0xrIL4 (2013) &! bbc.co.uk/news/world-europe-31147112 - Greece's new finance minister has urged Germany to help end the "gross indignity" of the Greek debt crisis. [...] Wolfgang Schaeuble said a reduction of Greece's debt was off the agenda.
Greece  Syriza  Yanis  Varoufakis  Wolfgang  Schäuble  Angela  Merkel  austerity  democracy  European  Union  fiscal  sovereignty  sovereign  debt  crisis  PIGS  Grexit  economic  history  monetary  system  monetary  IMF  Troika  economic  model  Soziale  Marktwirtschaft  academia  academics  ideology  stakeholder  Truth 
february 2015 by asterisk2a
Economists Aren’t As Nonpartisan As We Think | FiveThirtyEight
To test if ideology influences policy, e.g. taxes or deficits, we collected numerical research results from fields that have direct impacts on public policy,7 including government spending, minimum wages, various tax rates, and income mobility. The results from these fields map quite nicely onto the liberal-conservative ideological spectrum. For example, liberals think the fiscal multiplier is high, meaning the government can improve economic growth by increasing spending, while conservatives believe the multiplier is close to zero or negative. A similar logic applies to numerical results in the other fields.
academia  academic  academics  Politics  Political  Governance  science  economics  economic  history  trickle-down  economics  ideology  populism  Policy  Makers  error  folly 
december 2014 by asterisk2a
Universitäten: Avanessian bemängelt akademische Rückschrittlichkeit - SPIEGEL ONLINE
wie ein Virus der Belanglosigkeit. Ich meine eine Ideenarmut und Schwerfälligkeit, die gewollt ist und geradezu karrierefördernd. [...] Die Universität erscheint hier als ein groß angelegter und staatlich geförderter Verhinderungsbetrieb, der am eigenen Mythos des "kritischen Denkens" verzweifelt festhält - aus Existenzangst und ohne zu sehen, dass das "kritische Denken" längst selbst zu einer Ware geworden ist, die mit Drittmittelanträgen gegen echtes Geld getauscht wird. [...] die Logik der Universität wäre demnach die Logik auch einer Gesellschaft, [...] Es darf gar nicht existieren, das Neue, weil sonst das Alte seine Legitimität verlieren würde.
academia  education  policy  Vernunft  Philosophy  book  Career  Politicians  policy  folly  policy  error  Makers  lobby  Germany  climate  change  sick  population  public  health  policy  global  warming  LGBTQIASP  Vegan  omnivore  mono  agriculture  monocrop  Net  Neutrality  Universal  Basic  Income  precarious  work  flat  world  globalisation  globalization  No  Representation  revolving  door  oligarchy  oligopoly  oligopol  surveillance  state  Orwellian  Internet  Privacy  status  anxiety  post-antibiotic  era  mental  health  mental  illness  Zivilgesellschaft  Zivilcourage  civic  society  civil  society  Consumerism 
december 2014 by asterisk2a
Capitalism in Crisis Amid Slow Growth and Growing Inequality - SPIEGEL ONLINE
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself? [...] The buzzword is "inclusion" and it refers to a trait that Western industrialized nations seem to be on the verge of losing: the ability to allow as many layers of society as possible to benefit from economic advancement and participate in political life. & http://youtu.be/hPPBYNKmuWc?t=3m52s IMF talking about over 70% of EU banks are Zombie Banks.
Japan  economic  history  GFC  recovery  greatrecession  2014  secular  stagnation  faultlines  Abenomics  Richard  Koo  structural  imbalance  global  imbalances  Impediments  structural  deficit  liquidity  trap  globalisation  globalization  flat  world  Gini  coefficient  social  cohesion  income  inequality  income  mobility  social  mobility  downward  mobility  disposable  income  academia  academics  fiscal  policy  monetary  policy  debtoverhang  Debt  Super  Cycle  sovereign  crisis  deleveraging  NPL  zombie  banks  business  investment  consumer  confidence  business  confidence  balance  sheet  recession  creditcrunch  Wall  Street  crony  capitalism  excess  Bailout  toobigtofail  TBTF  too  big  to  jail  unintended  consequences  equity  bubble  asset  bubble  ZIRP  NIRP  QE  OMT  TARP  LTRO  TLTRO  Funding  for  Lending  Scheme  IMF  BIS  Europe  UK  USA 
october 2014 by asterisk2a
Thomas Mayer und sein Buch "Die neue Ordnung des Geldes" - SPIEGEL ONLINE
"Je mehr ich mich damit beschäftigte", erzählt er, "desto klarer wurde mir, dass das ein Problem im System ist." [...] "Wir haben die erste Runde der Krise bekämpft, aber wir kommen nicht mehr raus aus der Politik des billigen Geldes." [...] Gold ist für ihn ein "barbarischer Rohstoff", der im Modell der Österreichischen Schule eigentlich nur als Ersatz für das nötige Vertrauen der Bürger in eine Währung fungiere. Dennoch müsse die Geldmenge natürlich begrenzt werden. Den Banken und Staaten will Mayer deshalb jeden Zugriff auf die Schöpfung neuen Geldes entziehen. Er spricht von einem "Aktivgeldsystem".
book  GFC  toobigtofail  TBTF  too  big  to  jail  BIS  IMF  Fed  academia  economic  history  BOE  BOJ  Abenomics  ECB  ZIRP  NIRP  QE  OMT  LTRO  TLTRO  Bailout  liquidity  trap  monetary  theory  monetary  policy  unintended  consequences  asset  bubble  equity  bubble  unknown  unknowns  unknown  unkown  Debt  Super  Cycle  monetary  transmission  mechanism  consumer  confidence  business  confidence  trust  trustagent  confidence  fiat  currency  economic  model  economics  macroeconomics 
october 2014 by asterisk2a
IWF-Treffen in Washington: Kritik an Geldpolitik von Draghi - SPIEGEL ONLINE
In der Tat sind es nicht mehr die Deutschen allein, die auf die Gefahren der dauerhaft niedrigen Zinsen hinweisen. Auch anderswo bekommt man ob der Billiggeldschwemme ein mulmiges Gefühl. Auf den Finanzmärkten würden die Investoren teilweise sehr hohe Risiken eingehen, warnt etwa Claudio Borio, Chefökonom der Bank für Internationalen Zahlungsgleich in Basel. In der Realwirtschaft, wo eigentlich investiert werden soll, seien die Unternehmen dagegen eher risikoscheu. Borio nennt das eine Störung im System. & bit.ly/1CdseYt
IMF  BIS  ZIRP  QE  NIRP  OMT  TLTRO  LTRO  monetary  transmission  mechanism  distortion  Richard  Koo  deleveraging  trust  trustagent  business  confidence  confidence  consumer  confidence  liquidity  trap  ECB  BOE  Fed  MarioDraghi  Germany  PIGS  faultlines  global  imbalances  structural  imbalance  Impediments  working  poor  underemployed  squeezed  middle  class  Demand  and  Supply  Lohnzurückhaltung  deflation  deflationary  stagflation  secular  stagnation  Europe  France  Sick  man  of  Europe  infrastructure  investment  BRIC  MINT  Frontier  Markets  Developing  World  Exportweltmeister  balance  sheet  recession  GFC  debtoverhang  Debt  Super  Cycle  economic  history  globalization  globalisation  disposable  income  flat  ABS  zombie  banks  zombie  consumer  UK  USA  lost  decade  lost  generation  Policy  Makers  education  fiscal  monetary  folly  error  complexity  unintended  consequences  academia  Taper  Gini  coefficient  income  inequality  income  mobility  downward  mobility  social  mobility  inequality  Super  Rich  1%  Bailout  No  Representation  Career  Politicians  banking 
october 2014 by asterisk2a
BBC News - ECB cuts rates and launches stimulus programme
1-Day Before: http://youtu.be/_6D_xVeoIXs "ECB faces crunch on deflation threat" +++ The ECB has cut its benchmark interest rate to 0.05%, and introduced new stimulus measures. The ECB had earlier cut its rate from 0.25% to 0.15% in June, and also became the first major central bank to introduce negative interest rates. It will also launch an asset purchase programme, which will buy debt products from banks. It is hoped this move will add liquidity to the financial system and revive lending. [...] "[A] last roll of the dice". "The ECB has now almost exhausted its ammunition for preventing the Eurozone sliding into a devastating deflationary, contractionary spiral," +++ Analysis: http://youtu.be/IErml4SmKmE "European banks – Work those ABS" +++ bit.ly/1A6pmLU - France and Friends: Merkel Increasingly Isolated on Austerity "Europe ... is threatened with lasting weak growth should the deficit rules continue to be strictly interpreted. [ BuBa demands higher wages, ECB fiscal stimulus ]."
ABS  OMT  LTRO  ECB  monetary  transmission  mechanism  monetary  policy  unconventional  monetary  policy  austerity  PIGS  faultlines  Structural  Impediments  IMF  Germany  BuBa  deflation  deflationary  communication  zombie  banks  confidence  trustagent  trust  balance  sheet  recession  fiscal  policy  QE  bond  bubble  deleveraging  lost  decade  lost  generation  SME  SMB  Mittelstand  creditcrunch  creditcrisis  economic  history  debtoverhang  NPL  EuropeanSystemicRiskBoard  riskaversion  ZIRP  NIRP  negative  real  interest  rate  secular  stagnation  Makers  policy  error  policy  folly  Career  Politicians  inflation  expectation  stagnation  Betongold  Beton  Gold  hunt  for  yield  unintended  consequences  complexity  incomplete  information  France  liberal  economic  reform  Stability  Pact  Italy  academics  academia  deficit  budget  deficit  fiscal  deficit  wage  growth  wage  inflation  fiscal  stimulus  Wolfgang  Schäuble  Angela  Merkel  Sick  Man  of  Europe  infrastructure  investment  investment  business  investment  labor  market  reform  recovery 
september 2014 by asterisk2a
Stephanie Hare on the UK economy - Newsnight - YouTube
>> how many jobs have been lost regarding to banking in london and adjoining businesses ... thousands. thousands of hours of productivity gone (high charges for the hours). forever. = productivity and output gap || and how many times had osborne now moved forward expected savings and targets in time ... every year. || it will not get better as they travel (still) on the same path that leads to nowhere safe. still heading to the cliff. same direction. same speed.
secular  stagnation  flat  world  UK  living  standard  cost  of  living  wage  stagnation  minimum  wage  living  wage  working  poor  squeezed  middle  class  exploitation  wages  productivity  output  gap  Mobile  Creative  Mobile  Creatives  service  economy  service  industry  Services  economics  economic  history  academia  academics  BOE  fiscal  policy  monetary  policy  Mark  Carney  Public  knowledge  worker  workless  underemployed  employment  Politics  recovery  London  Structural  Impediments  deficit  imbalance  faultlines  Europe  GFC  greatrecession  2014  ZIRP  NIRP  QE  unknown  unknowns  unintended  consequences  complexity  incomplete  information  low-income  working  class  workforce  education  policy  White-collar  Future  of  Work  flexible  Zero  Hour  Contract  Blue-collar  behavioral  economics  corporatism  capitalism  globalisation  globalization  Debt  Super  Cycle  deleveraging  debtoverhang  balance  sheet  recession  sovereign  crisis  austerity  David  Cameron  George  Osborne  consumer  infrastructure  investment  infrastructure  hunt  for  yield  property  bubble  housing  market  bubble  policy  folly  policy  error  Career  Politicians  Toff  lost  decade  lost  generation  stagnation 
august 2014 by asterisk2a
Woman Livetweets IBM Execs Discussing Why They Don't Hire Women
+ PINTEREST >> http://www.reddit.com/r/FemmeThoughts/comments/2brq4m/pinterest_just_hired_the_man_behind_axes/ &&& http://techcrunch.com/2014/07/24/women-use-pinterest-but-they-dont-run-it/ + ACADEMIA >> http://www.reddit.com/r/FemmeThoughts/comments/2bw3c5/how_subtle_and_benevolent_biases_undermine_womens/ ++ http://blogs.scientificamerican.com/psysociety/2013/04/02/benevolent-sexism/ "We define benevolent sexism as a set of interrelated attitudes toward women that are sexist in terms of viewing women stereotypically and in restricted roles but that are subjectively positive in feeling tone (for the perceiver) and also tend to elicit behaviors typically categorized as prosocial (e.g., helping) or intimacy-seeking (e.g., self-disclosure) (Glick & Fiske, 1996, p. 491)." +++ http://techcrunch.com/2014/07/31/ebay-reports-more-diverse-staff-than-other-tech-companies/
IBM  everyday  sexism  sexism  sexismus  Misogynie  misogyny  Pinterest  academia  ethnic  minority  minority  diversity  San  Francisco  Silicon  Valley  Mountain  View  Palo  Alto  Women  in  Tech  brogrammer  Female  Founders  womens  sport  stereotype  bias  gender  bias  boxes  labels  label  masculinity  jock  culture  Campus  HR  human  resources  corporate  governance  corporate  values  corporate  culture  personal  values  subconscious  peer  pressure  gender  inequality  gender-based  harassment  gender-based  discrimination  gender  politics  gender  policing  gender  equality  gender  role  gender  norms  gender  discrimination  gender  gap  gender  conforming  gender  non-conforming  benevolent  sexism  subjective  STEM  ebay 
august 2014 by asterisk2a
DIW-Chef Fratzscher zu Banken-Stresstest, Lohnerhöhung - SPIEGEL ONLINE
Die Abhängigkeit zwischen Banken und Staaten hat in den letzten Jahren besorgniserregend zugenommen. Die berechtigte Sorge ist daher, dass Bankenrettungen die Staatshaushalte der hochverschuldeten Eurostaaten überfordert. Dann könnten wir leicht wieder in eine Krisensituation wie im Sommer 2012 geraten, als die Anleihezinsen für viele Eurostaaten drastisch nach oben geschossen sind. [...] Die größte Herausforderung für Europa ist, Wachstum zu schaffen. Nur durch ein deutlich stärkeres Wachstum kann es gelingen, dass die Unternehmen Beschäftigte einstellen, die Banken faule Kredite abbauen und die Staaten ihre Finanzen in Ordnung bringen. [...] [ +see end - Income Growth across the board in Germany Needed. Recent 2017 wage floor/minimum wage was overdue. Overdue. ]
GDP  Europe  zombie  banks  PIGS  NPL  non-performing  loan  balance  sheet  recession  debtoverhang  Richard  Koo  Japan  economic  history  debt  jubilee  lost  decade  lost  generation  Super  Cycle  ECB  liquidity  trap  history  GFC  greatrecession  greatdepression  2014  infrastructure  investment  underemployed  structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  Germany  France  faultlines  Impediments  structural  imbalance  structural  deficit  budget  deficit  fiscal  deficit  tradedeficit  trade  deficit  academia  academics  policy  error  policy  folly  fiscal  policy  monetary  policy  ZIRP  NIRP  OMT  QE  monetary  transmission  mechanism  deleveraging  Politics  Career  Politicians  ownership  accountability  transparency  Bundesbank  BuBa  income  growth  minimum  wage  wage  floor  coldprogression  kalte  Progression 
july 2014 by asterisk2a
Henrik Müller über Wirtschaftswachstum 2014: Die Pessimisten sind los - SPIEGEL ONLINE
GDP  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  2014  economic  history  digital  economy  happiness  index  Mobile  Creative  Mobile  Creatives  knowledge  worker  knowledge  economy  Age  digital  artist  digital  content  content  creator  New  academia  academics  Wikipedia  freemium  balance  sheet  recession  liquidity  trap  hunt  for  yield  ZIRP  QE  NIRP  deflation  deflationary  lost  generation  lost  decade  Year  of  Code  White-collar  Blue-collar  hybrid  work  workless  6-hour  work  day  workforce  working  poor  squeezed  middle  class  productivity  output  gap  Silicon  Valley  education  policy  practical  skills  practical  skill  set  disposable  income  leisure  time  Robert  Skidelsky  volunteering  volunteer  maximisation  of  happiness  Jack  of  All  Trades  Future  Future  of  book  Tim  Ferriss  work  life  balance  worklife  underemployed  self-employment  freelance  freelancing  complexity  unknown  unknowns  GFC  greatdepression  greatrecession  Europe  UK  USA  PIGS  debtoverhang  sovereign  debt  crisis  Richard  Koo  Super  Cycle  debt  monetization  debt  monetisation  debt  bubble  debt  jubilee  Japan  BOE  Fed  ECB  Open  Source  Linux  GitHub  BOJ  sharing  economy  less  more  zeitgeist  generational  change  Millennials  generationy  Consumerism  digital  digital  consume 
july 2014 by asterisk2a
Steve Jurvetson never sells a share of a company he invests in - YouTube
59m7s >> what if we erase the digital divide ... transforming the pyramid into a conical spike because of winner takes all network effects. .... >> ~30hr work week - Robert Skidelsky, ... contribution to the collective worth society, unpaid. - unconditional living wage/income ... a basic income redistribution. fairness. people that work in low to non-profit companies because of added value to society ... paid by excess profits of X ... we are all in the same boat. we are all interconnected. dependent on each other. +++ http://youtu.be/pDVDWNguPs4?t=1h5m20s // doing more with fewer staff. & practical skills you need in today's workplace, u don't learn at university. Elon Musk, the most important men 4 the future. bc he's swinging big, willing to fail with his ambition(s). attracts similar minds. [down the line come's Bill Gates 2.0, Larry & Sergey, & others that work on sustainability of food and energy.] ADD Larry Page on that topic - http://on.recode.net/1qZC7oZ // vid id Wdnp_7atZ0M
peak  employment  unemployment  structural  unemployment  long-term  unemployment  employment  Mobile  Creative  Mobile  Creatives  knowledge  worker  White-collar  Blue-collar  Year  of  Code  digital  divide  productivity  output  gap  flat  world  globalization  globalisation  competitive  advantage  competitiveness  competitive  Competition  social  mobility  income  mobility  Gini  coefficient  Super  Rich  capitalism  USA  offshoring  outsourcing  1%  network  effects  global  competitive  landscape  workforce  Robert  Skidelsky  academia  academics  economic  history  history  tax  free  income  income  redistribution  income  distribution  fairness  unintended  consequences  complexity  unknown  unknowns  underemployed  economics  of  abundance  social  safety  net  happiness  index  GDP  Chamath  Palihapitiya  society  market  society  social  society  civic  society  civil  society  Industrial  Revolution  pluralistic  society  western  society  efficiency  marketplace  efficiencies  skill-biased  technological  change  capital  skills  practical  skill  set  practical  skills  skills  skill  education  policy  formal  education  education  perfect  storm  Indignados  Indignants  occupywallstreet  Elon  Musk  disrupting  markets  disruption  sustainability  sustainable  workless  hybrid  work  working  class  working  poor  working  squeezed  middle  class  Larry  Page  Sergey  B 
july 2014 by asterisk2a
BBC News - Flexible working rights extended to all
http://www.bbc.co.uk/news/business-28084265 + http://www.bbc.co.uk/news/uk-24171663 "Working 40 hours per week is fairly typical for full time employees in the UK - but an independent think tank has called for that figure to be reduced to 30 hours. The New Economics Foundation said a shorter, more flexible working week would be good for workers, the environment and the economy." - future is ~30-35hrs with productivity time slots - /// http://www.bbc.co.uk/news/magazine-23462627 Figures from the Office of National Statistics suggest we are actually working on average an hour or two less than we did in 1971 but it does not feel that way, as the internet and email mean we are never off-duty. || http://www.bbc.co.uk/news/business-26436131 - "Compressed hours" - teamTreehouse has a 4 day work week.
flexible  working  hours  productivity  output  gap  Robert  Skidelsky  book  leisure  time  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  workforce  future  of  work  happiness  index  GDP  academia  academics  status  symbol  social  status  work  life  balance 
june 2014 by asterisk2a
Der Crash ist die Lösung | SWR1 Leute - YouTube
banks still TBTF, Systemrelevant. << enabled by Own Lobby influencing Career Politicians. haftungsgarantien von ECB are no more capitalism. +++ &&& +++ If even Germany - Wirtchaftslokomotive - export meister - does still have a budget deficit, while being that country that produces more than it consumes, who else if not Germany? But still doesn't. +++ "Die Zeit der Rendite ist vorbei." +++ Schulden zu haben, man ist nicht frei. Frueher hat man das sich gekauft was man sich leisten konnte, ohne kreditkarte, ohne dispo, ohne bankkredit. +++ NEW crash will come of even bigger proportion and even more rubble to clear up afterwards than 2008/9 - GFC. +++ Always buy in tranches, dispersed over time. +++ fractional reserve banking leads to this UBER crash as we live on a planet with finite resources. Current GDP fetish needs to stop. Change of mind, thinking, course. << this is the same with Mobile Creative, future workforce, Software eats the world, UK's productivity gap.
book  GFC  Debt  Super  Cycle  jubilee  sovereign  crisis  liquidity  trap  investigative  journalism  journalismus  monetization  private  consumer  bubble  monetisation  public  household  balance  sheet  recession  PIGS  Europe  lostdecade  lost  decade  lost  generation  greatrecession  greatdepression  toobigtofail  TBTF  OTC  derivatives  systemrelevant  Systemrelevanz  toobigtojail  Career  Politicians  accountability  transparency  Politics  Democratic  Process  democracy  short-term  thinking  long-term  thinking  financial  industry  LIBOR  rigging  scandal  trust  trustagent  confidence  corporatism  crony  capitalism  Lobbying  lobbyist  lobby  revolving  door  IMF  IWF  centralbanks  economic  history  capitalism  Thomas  Piketty  ECB  EZB  OMT  faultlines  budget  deficit  structural  deficit  Impediments  structural  imbalance  history  financial  repression  New  Normal  ZIRP  NIRP  QE  Beton  Gold  property  bubble  fragile  world  fagile  financial  system  external  shock  balckswan  monetary  stimulus  hunt  for  yield  speculative  bubbles  growth  round  equity  bubble  credit  bubble  asset  bubble  bond  bubble  Island  Agentina  Japan  UK  fractional  reserve  banking  GDP  economic  model  fiat  currency  fiat  money  USA  academia  acade 
june 2014 by asterisk2a
dctp.tv | Frank Schirrmacher - Emigration Of Thinking Because Of Algorithms.
... apart from teaching algo's, people have to be taught too - to think about the third factor that puts everything in question. algo's are about the absolute solution to problem x. thus we become blind to factor x, the third factor, the black swan (see GFC, we are not in a bubble, houseprices never reverted back to the mean). Narrative, doubt (zweifel), intuition - vs - algo's outcome. Without narrative, what world is that, where we just have results only? No narrative (linearity), no grammar. What world is that?
book  evolution  singularity  algorithm  algo  algorithms  Frank  Schirrmacher  technological  progress  ethical  machine  computer  science  degree  history  blackswan  GFC  Google  Facebook  filter  bubble  filters  filter  nassimtaleb  Nassim  Taleb  academia  academics  economic  history  debate  digital  economy  digital  world  unknown  unknowns  zweifel  intuition  narrative  doubt  Twitter  Pinterest  okcupid  Philosophy 
june 2014 by asterisk2a
BBC News - UK unemployment total falls to 2.16m, wage inflation to remain low
[threat of wage inflation spiral far off because of multiple underlying factors not allowing it measured wholly across the uk (taking the other country called london out of the picture)] - "Weak pay growth and the 'cost of living crisis' remains the Achilles heel of the economic recovery," said Chris Williamson, chief economist at Markit. "But it should not be long until we see earnings growth accelerate as the labour market continues to tighten. Pay growth should pick up in coming months, perhaps significantly." +++ http://www.telegraph.co.uk/finance/10838393/Bank-of-Englands-slack-approach-leaves-economy-at-risk.html +++ http://www.economist.com/blogs/freeexchange/2014/03/monetary-policy-0 +++ http://youtu.be/fvTdWWUkUNM?t=2m10s
output  gap  slack  in  economy  UK  recovery  greatrecession  greatdepression  2014  2015  inflation  deflation  productivity  deflationary  fiscal  policy  monetary  policy  wage  growth  earnings  growth  austerity  BOE  Mark  Carney  ZIRP  spare  capacity  academia  economic  history  New  Normal  financial  repression  underemployed  underemployment  workforce  labour  market  structural  unemployment  inflation  expectation  wage  inflation  London  wage  inflation  spiral  working  poor  squeezed  middle  class  wage  stagnation  wages  living  wage  minimum  wage  industrial  policy  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  Mobile  Creative  Mobile  Creatives  knowledge  worker  White-collar  Blue-collar  skill-biased  technological  change  capital  skills  skill  skills  practical  skills  practical  skill  set  World  Flat  globalization  globalisation  competitive  advantage  competitive  competitiveness  Competition  comparative-advantage  comparative  advantage  21stcentury  Year  of  Code 
june 2014 by asterisk2a
Learn To Code, Learn To Think : 13.7: Cosmos And Culture : NPR
policy to push to learn to write, read, understand code and systems. design thinking. problem solving. early on as soon as yound ppl are literate ~12-14. - higher productivity - + 3D printing future in 30 years ... future of 30-35hr work week - 5-6hrs a day. THE REAL NEW ECONOMY. 90's New Economy was hyped by exuberance and ... different topic. But this is the outline of the real new world, new economy. ( robert skidelsky in praise of leisure ) when the world is flat - 2050. baring any other crisis being solved ala climate change and ecological disasters. man made or ie earthquake swallowing california, canarie islands exploding creating huge tsunami, yosemite exploding, etc etc. - baring also - that we fix inequality problems, reducing the divide. fostering better democratic process, transparency and accountability - instilling trust and confidence again in public service.
Year  of  Code  coding  programming  programmers  ethical  machine  systems  design  system  design  skill  skill-biased  technological  change  capital  skills  skills  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  destruction  globalisation  globalization  comparative  advantage  comparative-advantage  competitive  advantage  competitive  competitiveness  Competition  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  education  Higher  formal  education  business  education  education  bubble  Public  Policy  Policy  Makers  error  folly  industrial  fiscal  macroprudential  Career  Politicians  long-term  thinking  21stcentury  productivity  macroeconomic  macroeconomics  microeconomic  microeconomics  3D  printing  Future  optimism  Robert  Skidelsky  academia  economic  history  capitalism  workforce  book  economist  New  Economy  global  digital  digital  natives  digital  divide  Age  knowledge  Commanding  Heights  Politics 
june 2014 by asterisk2a
Thomas Piketty's 'Capital' in 3 minutes - Newsnight - YouTube
who owns the economies assets, the ~1% individuals and international conglomerate corporations, - when return on these assets /y is greater than economic growth - inequality rises. it is all that happend even during the recovery after the GFC - 1% got richer, conglomerates and corporations got richer/sat on their cashpiles. while ie in USA Food Stamp handouts rose month over month _+++ http://www.democracyjournal.org/32/the-inequality-puzzle.php?page=all ""Piketty’s treatment of inequality is perfectly matched to its moment. [...] the share of income and wealth going to those at the very top—the top 1 percent, .1 percent, and .01 percent of the population—has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I. There can now be no doubt that the phenomenon of inequality is not dominantly about the inadequacy of the skills of lagging workers."" --- +++ http://en.wikipedia.org/wiki/Gilded_Age
Thomas  Piketty  1%  Super  Rich  economic  history  microeconomics  macroeconomics  social  mobility  income  mobility  gilded  age  book  disposable  income  income  inequality  income  growth  income  redistribution  income  distribution  Gini  coefficient  middle  class  working  class  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  history  capital  Venture  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  fiscal  policy  monetary  policy  Makers  Career  Politicians  Politics  academia  academic  academics 
may 2014 by asterisk2a
Paper Dreams - A story by David Betteridge - YouTube
have to put yourself out there. Typical HR or typical application process would have never hired him. but people within the industry saw the guts he had to put his passion out for the world to see and judge, and people within the industry followed their guts and intuition to hire him, taking a shot. you have to take shoots. you you don't take shoots (like Michael Jordan talks about it) you will never win nor loose something. if you don't have something, what is stopping you to take shoots at your dreams? yourself, your fear ... to be judged, ... by basic bitches. << so many parts that connect to this story. this is a post boy story of the future and how the great things happening this way or in a similar way. << academia is way behind the curve. << the future of the world, people, economy, society, ... society first, economy will follow naturally ... to grow. ignore the basic bitches, ignore reality tv stars, ignore essex, the yellow press, glossy gossip magazines,
Passion  experts  expertise  21stcentury  21st  century  economy  blogging  blogosphere  discovery  Red  Bull  Racing  Niche  Content  Basic  Bitch  domain  knowledge  experience  knowledge  worker  knowledge  economy  Productivity  economics  Philosophy  social  science  social  society  social  status  social  study  happiness  satisfaction  josephstiglitz  complexity  Gary  Vaynerchuk  brand  Personal  branding  people  management  human  resources  academia  vanity 
april 2014 by asterisk2a
BBC News - George Osborne commits to 'fight for full employment'
There are a number of different definitions of full employment: Sir William Beveridge, the architect of the welfare state, thought it should be when 3% of the workforce is unemployed Other economists have spoken of a higher "natural rate" of unemployment, where nobody stays out of work for long, with joblessness fluctuating at between 5% and 6% The lowest recorded level of unemployment was 215,800, or 1%, in July 1955. The most recent figures this year put the unemployment rate at 7.2% of the population Mr Osborne declined to define full employment, but said people between jobs or unable to work or with caring responsibilities would not be included However his goal was to have the highest employment rate in the G7, and as part of his plan he expected those who can work to take the jobs available ... + http://en.wikipedia.org/wiki/Next_United_Kingdom_general_election
structural  unemployment  long-term  unemployment  youth  unemployment  unemployment  underemployed  employment  economic  history  academia  economics  UK  public  policy  fiscal  policy  monetary  policy  BOE  GeorgeOsborne  full  employment  natural  rate  of  unemployment  Politics  Career  Politicians  election  campaign  promises  election2015  recovery  austerity 
march 2014 by asterisk2a
Chris Cook crunches the numbers - Newsnight - YouTube
what if current productivity numbers are - as good as it gets. and the productivity high from 2006-7-8 was hugely inflated by london, super rich, banking and financial services industry!? thus what if we are running currently at full speed possible although it looks (in comparison to 06/07/08 slower) so slow. thus ... austerity needs to go on for much longer to eliminate budget deficit and possibility of inflation and wage inflation spiral is nearer to the horizon than what the BOE (with its ZIRP and QE policy) has it scheduled to arrive and thus then forced to hike rates earlier than though and debt servicing will be more expensive ... for gov and debt holder and mortgage holders.
UK  budget2014  budget  budget  deficit  GeorgeOsborne  davidcameron  recovery  2014  economic  history  academia  academics  output-gap  output  gap  Productivity  unemployment  Structural  Impediments  unemployment  imbalance  faultlines  BOE  fiscal  policy  monetary  policy  unknown  unkown  unintended  consequences  ZIRP  QE  Help  to  Buy  Scheme  Funding  for  Lending  Scheme  mortgage  market  speculative  bubbles  asset  bubble  bond  bubble  property  bubble 
march 2014 by asterisk2a
▶ Why countries grow - YouTube
Nations rich in transferable skills have more growth potential than those that merely exploit their natural resources, according to Harvard's Ricardo Hausmann. In part one of a discussion with John Authers he explains how to map a country's usefulness. >> http://www.amazon.co.uk/The-Atlas-Economic-Complexity-Prosperity/dp/0262525429/ + Part 2 /watch?v=i-TQqyM-pNg History of Growth ...
skills  knowhow  Career  Politicians  Politics  public  policy  transferable  skills  Higher  Education  formal  academia  Diversity  product  diversification  Oil  bubble  GDP  political  folly  competitive  advantage  competitiveness  policy  error  policy  folly  globalization  short-term  thinking  economic  history  fiscal  policy  political  error  prosperity  income  mobility  Ricardo  Hausmann  natural  resources  social  mobility  book  diversification  economics  globalisation  liberal  economic  reform 
october 2013 by asterisk2a
Krisenländer: Barroso fordert eine Lockerung der Sparpolitik - SPIEGEL ONLINE
Der britische Ökonom Simon Wren-Lewis hat vor einiger Zeit eine sehr hilfreiche Analyse veröffentlicht. Er vergleicht dabei die sogenannten strukturellen Primärüberschüsse. Das Wort "strukturell" meint hier, dass man den Konjunkturzyklus berücksichtigt. Das Wort "primär" bedeutet, dass man die Haushaltsbilanz vor der Zahlung von Zinsen betrachtet. Das tut man, weil man damit den Teil der Haushaltspolitik isoliert, auf den die Politik Einfluss hat. Der Euro-Raum insgesamt hat einen strukturellen Primärüberschuss von 2,2 Prozent der Wirtschaftsleistung, was angesichts der Rezession außerordentlich viel ist. Wren-Lewis errechnete dann, wie hoch eine optimale strukturelle Primärbilanz für den langfristigen Schuldenabbau momentan wäre. Das Ergebnis: ein Überschuss von nur 0,3 Prozent.
academics  Barroso  Europe  European  Commission  academia  Kenneth  Rogoff  Troika  carmenreinhart  political  folly  macroeconomics  policy  folly  Simon  Wren-Lewis  macroeconomic  policy  political  theory  economic  history  fiscal  policy  PIGS  UK  KennethRogoff  Schuldenbremse  error  austerity  Carmen  Reinhart  PIIGS  fiscal  theory  Germany  IMF 
april 2013 by asterisk2a
BBC News - Reinhart, Rogoff... and Herndon: The student who caught out the profs
http://www.peri.umass.edu/236/hash/31e2ff374b6377b2ddec04deaa6388b1/publication/566/ "not every economy is same, times are always different." >> Reply by Rogoff & Reinhart: 'We were only arguing association, not causality.' [...] Discovering a spreadsheet error was never going to end the debate over austerity - and nor should it, according to Megan McArdle, special correspondent for Newsweek and The Daily Beast. >> http://www.spiegel.de/wirtschaft/panne-mit-excel-tabelle-rogoff-und-reinhart-haben-sich-verrechnet-a-894893.html "Olivier Blanchard (IMF) gestand ein die negativen Effekte der Sparpolitik auf das Wachstum unterschätzt wurden." >> Updated paper from Rogoff & Reinhart http://www.nber.org/papers/w18015 >> http://krugman.blogs.nytimes.com/2013/04/16/holy-coding-error-batman/ http://www.guardian.co.uk/commentisfree/2013/apr/16/unemployment-reinhart-rogoff-arithmetic-cause
academics  complexity  sociology  unintended  consequences  zombie  banks  academia  science  liquidity-trap  banking  crisis  carmenreinhart  political  folly  bank  crisis  macroeconomics  lostdecade  policy  folly  macroeconomic  policy  debtoverhang  lostgeneration  economic  history  philosophy  fiscal  policy  social  science  confidence  KennethRogoff  error  trustagent  paulkrugman  austerity  zombie  consumer  deleveraging  IWF  Richardkoo  balance  sheet  recession  IMF 
april 2013 by asterisk2a
Umfrage im Mittelstand: Deutsche Unternehmer schreiben Euro-Zone ab - SPIEGEL ONLINE
Unternehmer als Wachstumskritiker Deutschlands Mittelständler zeigen sich in der Umfrage sogar als Wachstumskritiker. 88 Prozent unterschrieben die Aussage, die deutsche Volkswirtschaft müsse sich auf Grenzen des Wachstums einstellen. Nach Ansicht der Commerzbank-Analystin Ulrike Rondorf spiegelt sich darin auch die derzeitige Kapitalismusdebatte. "Ich denke, dass diese Einschätzung der Unternehmer der breiten Öffentlichkeit entspricht, die ein Streben nach höherem Wachstum und Gewinnen ablehnt." > but without growth, you can't serve existing debt burden.
academics  Politics  GFC  Europe  academia  European  Commission  fault  lines  Troika  Structural  Impediments  greatrecession  policy  folly  debtoverhang  2013  economic  history  PIGS  imbalance  debt  bubble  sovereign  debt  crisis  Error  austerity  PIIGS  greatdepression  economic-thought  deleveraging  global  imbalances  mittelstand  Germany  faultlines  balance  sheet  recession  IMF 
april 2013 by asterisk2a
Forscher untersuchen Voraussetzungen für Wirtschaftswachstum - SPIEGEL ONLINE
Vielfalt bringt mehr Fortschritt als Spezialisierung. [...] Denn woher Wirtschaftswachstum wirklich kommt, ist bis heute eine der umstrittensten Fragen unter Volkswirten. Lange vertrauten Wissenschaftler auf das Modell des Ökonomen Robert Solow, der dafür 1987 den Wirtschaftsnobelpreis erhielt. Zwar identifiziert Solow Fortschritt als langfristig wichtigste Quelle für Wachstum - doch wie dieser Fortschritt entsteht, darüber schweigt sich sein Modell aus. Seitdem haben sich Generationen von Wirtschaftsforschern an diesem Rätsel abgearbeitet. [...] Der Physiker Luciano Pietronero von der Universität La Sapienzia in Rom sagt jenen Ländern eine rosige Zukunft voraus, deren Wirtschaft sich auf viele unterschiedliche Sektoren stützt und komplexe, weltweit gefragte Produkte herstellt. "Labil ist der Wohlstand hingegen überall dort, wo er an einigen wenigen Produkten hängt", so Pietronero - etwa am Öl in Saudi-Arabien.
David  Ricardo  academics  microeconomic  policy  dogma  Luciano  Pietronero  economic  growth  academia  India  development  economics  competitiveness  macroeconomics  China  innovation  macroeconomic  policy  globalization  microeconomics  economic  history  philosophy  BRIC  economic  fitness  Brazil  global  imbalances  economics  Russia  globalisation  liberal  economic  reform  competition 
april 2013 by asterisk2a
Carmen Reinhart: "No Doubt. Our Pensions Are Screwed." | Zero Hedge
Only when inflation picks up, which is ultimately going to happen, will it become obvious that central banks have become subservient to governments." [...] Nations "seldom just grow themselves out of debt," as so many believe is possible, "you need a combination of austerity, so that you don't add further to the pile of debt, and higher inflation, which is effectively a subtle form of taxation," with the consequence that people are going to lose their savings. Reinhart succinctly summarizes, "no doubt, our pensions are screwed." [...] http://www.spiegel.de/international/business/interview-with-harvard-economist-carmen-reinhart-on-financial-repression-a-893213.html / http://www.spiegel.de/international/europe/how-central-banks-are-threatening-the-savings-of-normal-germans-a-860021.html
monetization  unemployment  monetary  policy  deposit  haircut  modern  monetary  theory  transferring-wealth  reflation  academia  zombie  banks  New  Normal  BOE  carmenreinhart  banking  crisis  deflation  BOJ  deposit  levy  creditcrisis  QE  2013  moralhazard  debt  monetisation  debt  bubble  creditcrunch  bail-in  austerity  greatdepression  zombie  consumer  deleveraging  inflation  centralbanks  debt  monetization  balance  sheet  recession  GFC  debt  jubilee  haircut  unintended  consequences  Troika  negative  real  interest  rate  ECB  debt  restructuring  bank  crisis  Abenomics  greatrecession  debtoverhang  Fed  economic  history  financial  repression  sovereign  debt  crisis  ZIRP  bailout 
april 2013 by asterisk2a
danah boyd | apophenia » why I’m quitting Mendeley (and why my employer has nothing to do with it)
> Knowledge that is not proprietary - got to be free. < >> "Elsevier’s practices make me deeply deeply angry. While academic publishing as a whole is pretty flawed, Elsevier takes the most insidious practices further at each and every turn, always at the expense of those of us who are trying to produce, publish, and distribute research." + http://thecostofknowledge.com/
academics  knowledge  ethics  StudentLoans  formal  education  studentship  education  SOPA  academia  moral  dilemma  Student  Loan  Bubble  education  Aaron  Swartz  ethic  university  academic  publishing  Elsevier  moralhazard  scholarship  ethical  beliefs  higher  education  Mendeley  Danah  Boyd  library  Cost  of  studentdebt  universities 
april 2013 by asterisk2a
Ökonomen und Sozialwissenschaftler zweifeln an der Demokratie - SPIEGEL ONLINE
"Demokratien haben einen zu kurzen Zeithorizont." http://ineteconomics.org/conference/hongkong http://www.youtube.com/user/INETeconomics/ [...] Je höher das Wohlstandsniveau, desto wichtiger werden den Bürgern immaterielle Werte wie Freiheit, Rechtssicherheit oder demokratische Teilhabe.
property  law  Politics  INET  short-term  thinking  GFC  humanrights  philosophy  economic  history  freedom  of  press  intellectualproperty  academia  georgesoros  liberal  democracy  greatdepression  economic-thought  NiallFerguson  Russia  democracy  China  greatrecession  lostdecade 
april 2013 by asterisk2a
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