warrenellis + money   38

Taxpayers Give Big Pensions to Ex-Presidents, Precisely So They Don’t Have to Sell Out
"...modern presidents expect to live in luxury after they leave office, and to people with that sense of entitlement, $200,000 a year is chump change. By comparison, the median private pension benefit of individuals age 65 and older was $9,227 a year in 2014 – for those people lucky enough to have a pension in the first place.

"Prominent business consultant Chin Ning Chu, looking back in her 1991 book on Asian business culture, wrote that the Japan speeches “demonstrated to the world that Japan has arrived….[it] put a price tag on the President of the United States.” "
money  pol 
february 2016 by warrenellis
Interview With Paul Mason, Producer of #ThisIsACoup
"So I knew two things: one, how badly Greek society would take it if a huge austerity problem was imposed. And two, that the Greek left was serious, that it had spent 20 or 30 years becoming mature, becoming ambitious for power. It was not out of the question that if Greece went into a crisis, it was something that had the power to blow the whole societal system of the country apart."
pol  money 
december 2015 by warrenellis
BLDGBLOG: Just-in-Case Informatics
a company called Orbital Insight is now tracking "the shadows cast by half-finished Chinese buildings" as a possible indicator for where the country's economy might be headed.
architecture  cities  future  money 
november 2014 by warrenellis
Rise of the Super Drug Tunnels + Subtraction.com
"This short film from Reason takes a look at the struggle against the ever increasing number of tunnels being dug by drug cartels to transport drugs from Mexico into the United States. It focuses on Joe Garcia, a deputy special agent with the Department of Homeland Security and head of the San Diego Tunnel Task Force, who has discovered and shut down over two hundred tunnels since 1990, even as new ones continue to proliferate. It also features insightful commentary from David Shirk, associate professor of international relations and director of the Justice in Mexico project at the University of San Diego, who argues that simply throwing more money at the government agencies fighting this problem is a futile solution; “You can’t fight markets,” he says."
crime  pol  money 
august 2014 by warrenellis
May 14.
"the corporate future of marijuana"
drugs  money 
may 2014 by warrenellis
Connection Between Moroccan Infrastructure and Renault Stock Price
"Is there a relationship between the economic performance of a country and the financial health of the companies that have chosen to invest in it?"
april 2014 by warrenellis
Franco 'Bifo' Berardi and Mark Fisher wringing their hands over exhaustion, the financial crisis, aesthetic resistance and the 'slow cancellation of the future' | Beyond The Beyond | Wired.com
“When you can’t imagine how things are going to change, it means things will change in ways that are unimaginable.” Bruce S, presumably quoting someone, but the best takeaway from his rumination on this piece
thinking  money 
february 2014 by warrenellis
Market bubbles may be predictable, controllable
DURHAM, N.C. -- It's an idea financial regulators have dreamed of. Experiments on a simple model of chaos have found that it may be possible not only to predict an extreme event, like a stock market collapse, but to intervene and prevent it from happening.

In a paper appearing October 21 in the journal Physical Review Letters, an international team of chaos researchers say that these extreme events, which they call "dragon kings," are less random than had been thought and that, in a simple experiment at least, they can be anticipated and controlled.
october 2013 by warrenellis
Robots take over
"Recently, the global financial market experienced a series of computer glitches that abruptly brought operations to a halt. One reason for these "flash freezes" may be the sudden emergence of mobs of ultrafast robots, which trade on the global markets and operate at speeds beyond human capability, thus overwhelming the system. The appearance of this "ultrafast machine ecology" is documented in a new study published on September 11 in Nature Scientific Reports."
money  net  robots  algo 
september 2013 by warrenellis
Say Hello to China's Brewing Financial Crisis | FP Passport
The problem is that very little is known about just how much debt Chinese banks have taken on amid that country's infrastructure-fueled growth. This has resulted in fears that a massive credit bubble may be about to pop. If that's true, the results could be catastrophic. 
money  pol 
june 2013 by warrenellis
Future Perfect » A Sense of Ownership
"Facial recognition will be a growing source of friction because the companies that are building businesses around connecting the physical you to some form of online identity will, over time connect people to the online you that makes them the most revenue, rather than the online you that makes the most sense to you. A lot of this will happen in the background, but there it will have sufficient visibility to be annoying e.g. a picture of your face as a search parameter triggering an advertisement for a particular kind of product."
tech  social  money  comms 
may 2013 by warrenellis
BBC News - Google searches predict market moves
"The volume of Google searches for finance-related terms may predict moves in markets, research suggests." You'd think that was an obvious signal
april 2013 by warrenellis
Chirpify Adds Facebook To In-Stream Music Sales Platform - hypebot
"Frictionless Commerce Inside Social Media" is the subhead. Which is obviously the buzzphrase/sales-pitch, but it's interesting.
march 2013 by warrenellis
BBC News - The beginnings of 'financial repression'?
"Financial repression is not, however, a term you are going to hear politicians come out with. It sounds scary and it is, to some, justifiably scary. Yet we today, in the developed world, have a near 100% debt-to-GDP ratio, and that is without having fought a world war."
money  pol 
march 2013 by warrenellis
How Daytrotter Creates Scarcity in a Digital World | Evolver.fm
"This is the Daytrotter model, essentially. Active since 2006, the site records bands “live, in a studio, with no overdubs, auto tune or remixing,” and fans can listen to the sessions in real time (upcoming sessions) or later, using the archives. Daytrotter — not the band, or their record label — owns these sound recordings. So far, it has over 2,000 sessions you won’t find on iTunes, Amazon, Spotify, Rdio, or any other commercial service, other than DayTrotter. Users can subscribe after a seven day free trial. The cost: $2 per month, after a seven day trial. Daytrotter switched to this model last year, making more sessions available as it added the subscription requirement."
music  net  money 
march 2013 by warrenellis
The Jet That Ate the Pentagon - By Winslow Wheeler | Foreign Policy
"Claimed to be near invisible to radar and able to dominate any future battlefield, the F-35 will replace most of the air-combat aircraft in the inventories of the U.S. Air Force, Navy, Marine Corps, and at least nine foreign allies, and it will be in those inventories for the next 55 years. It's no secret, however, that the program -- the most expensive in American history -- is a calamity."
war  tech  money  pol 
may 2012 by warrenellis
BBC News - Europe: A crisis of the centre
"There were two "moments" in the defeat of liberal centrist politics in Germany, Austria, Spain etc. in the 1930s: the first, where polite society realised the working classes were swinging to the right and left, but patronisingly reassured themselves that the world of Jazz, surrealist poetry and foreign holidays could never end. That is, they said to themselves: the workers are clinging to the past, but we, avatars of a more liberal and progressive future, have economic history with us, which points only in the direction of liberalism and economic co-operation."
money  pol  history 
april 2012 by warrenellis
Future Perfect » The Reverse Tip
"Thoughts for today: the situations where the buyer or seller will shift a measurable value (cash, money) into other less comparable forms (fapioa, …) to disguise the real value of the exchange. Who they are disguising it from. The legal and social rules surrounding the exchange. Aftermarkets for the receipts."
money  culture  social 
january 2012 by warrenellis
When banks were frank
" I unearthed this rather charming and naive, cheque book size, direct mail piece produced for the Midland Bank in 1975, although its design styling is pure 60s…"
design  money  history 
december 2011 by warrenellis
Iranians Bristle as Banking Scandal Widens - IPS ipsnews.net
"A banking scandal, identified by Iranian authorities as the "largest embezzlement in the country's banking history", has further shaken confidence in the government whose legitimacy was already under question after the contested results of the 2009 presidential election."
money  pol  crime 
october 2011 by warrenellis
Decline Watch: New York's cocaine comedown | FP Passport
"Cocaine-related emergency-room admissions, overdoses and requests for rehab have declined since the economy started its 2008 decline"
drugs  money 
september 2011 by warrenellis
The Future Desktop
"...And therein lies the answer to why hardware manufacturers are so eager to prematurely declare the PC dead: they need to sell more devices quickly before the silicon chip maxes out. And, they can already see that Moore's law will collapse entirely within the next 10 or so years. In other words, their desperation is showing."
comp  money 
september 2011 by warrenellis
US imposes new rules on high-speed traders - FRANCE 24
"The SEC drafted the new rules after a lengthy analysis of the "flash crash", which was triggered when a trader using a high-speed trading program placed an order to sell $4 billion of futures contracts."
money  gm 
july 2011 by warrenellis
'Designing the Post-Political City and the Insurgent Polis': A Recorded Presentation by Erik Swyngedouw
"Swyngedouw points to a climate of global consensus that has become pervasive over the past twenty years, effectively suppressing dissent and excluding most people from governance. He explains this consensus as limited to a select group (e.g., elite politicians, business leaders, NGOs, experts from a variety of fields) and perpetuated through "empty signifiers" like the sustainable/creative/world-class city. He argues that this consensus serves a "post-political" neoliberal order in which governments fail to address citizens' most basic needs in order to subsidize the financial sector and take on grandiose projects designed to attract global capital."
cities  pol  social  money 
june 2011 by warrenellis
BBC News - Food prices 'will double by 2030', Oxfam warns
"The prices of staple foods will more than double in 20 years unless world leaders take action to reform the global food system, Oxfam has warned."
eco  dooooom  money 
may 2011 by warrenellis
Canada prepares to introduce plastic money
"Canada will soon join a growing list of countries that use a polymer-based plastic instead of paper for its cash. The new plastic money will be rolled out in phases with the $100 bill scheduled for introduction in November. In March 2012, a $50 bill will be added to the mix and the rest of the smaller bills will be introduced by the end of 2013."
april 2011 by warrenellis
BLDGBLOG: Islands at the Speed of Light
"A recent paper published in the Physical Review has some astonishing suggestions for the geographic future of financial markets. Its authors, Alexander Wissner-Grossl and Cameron Freer, discuss the spatial implications of speed-of-light trading. Trades now occur so rapidly, they explain, and in such fantastic quantity, that the speed of light itself presents limits to the efficiency of global computerized trading networks. These limits are described as "light propagation delays.""
architecture  money  gm 
march 2011 by warrenellis
BBC News - Wikileaks given data on Swiss bank accounts
"Although it was not confirmed what activities might be covered by the data Mr Elmer has passed on, the Wikileaks head noted that previous data from Julius Baer provided by Mr Elmer had shed light on tax evasion, the hiding of proceeds of criminal acts and "the protection of assets of those about to fall out of political favour"."
pol  money 
january 2011 by warrenellis

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