asterisk2a + competition   183

(784) Public Relations - Manipulation der Masse | Doku | ARTE - YouTube
Edward Bernese
Engineering of consent
see book Chomsky manufactured consent
- machinery of war - usa WW2
psychology of the masses - irrational, mass is irrational, you get the mass to move by talking to its emotions and instincts, the gut.
not the head.
use symbols. and feelings.
Public  Relations  PR  propaganda  manipulation  advertising  advertisement  consent  Chomsky  history  book  nudge  WW2  communication  rational  thinking  sociology  psychology  authority  tobacco  persuasion  consumerism  consumer  capitalism  competition 
12 weeks ago by asterisk2a
(1521) The Myth of American "Capitalism" - YouTube
backhand subsidies
lobby influence
monopolies and oligopolies are price makers and consumers become price takers, there is no equilibrium.
Capitalism  book  monopoly  oligopol  oligopoly  competition  anttrust  anti-trust  free  market  self-regulation  Regulation  regulators  consumer  protection  subsidies  subsidizing  lobby  revolving  door 
april 2019 by asterisk2a
Millions of families 'worse off' than 15 years ago - BBC News
[ decades of underinvestment across the plane of the economy, infrastructure education skills ] On the "why", research by the Foundation - which was set up to look at the problem of low incomes - reveals that the economy has struggled to create wealth for people in work.
JAM  working  poor  poverty  trap  productivity  output  gap  class  Brexit  skills  education  policy  social  income  mobility  Austerity  downward  UK  recovery  secular  stagnation  stagflation  economic  history  GFC  debt  household  disposable  globalisation  globalization  Competition  competitive  competitiveness  underinvestment  London  child  childhood  Council  public  health 
july 2018 by asterisk2a
Foreign-owned firms up to three times more productive than UK-backed rivals
The ONS said it cannot tell from this data whether the companies are more productive because they have foreign owners, or whether it is simply that foreign investors buy into businesses that are already highly productive.
The gap is smaller - but still substantial - in agricultural, construction, manufacturing and production businesses. Small firms with foreign owners are just over twice as productive as those with British shareholders, while mid-sized firms create 85.7pc more output per hour worked if they have foreign investors.
The study of 2016 data showed a strong link in most industries, although the correlation was less marked in construction.
Brexit  productivity  output  gap  management  UK  economics  ownership  globalisation  globalization  recovery  GFC  underinvestment  Competition  competitive  competitiveness  skills 
july 2018 by asterisk2a
Nailed It! The cooking show that bakes capitalism to a crisp | Jack Bernhardt | Opinion | The Guardian
In some ways, competitive reality TV is a microcosm for the competitive nature of society: every contestant is pitted against each other, fighting to be recognised as the best baker/butcher/candlestick maker (Love Productions is probably already filming the Great British Candlestick Carving, hosted by Jo Whiley), and the panic and stress they go through is what makes it compelling viewing – that and the slight chance that at some point Gordon Ramsay will scream so hard, he’ll turn inside out.
Capitalism  Media  Competition  competitive  competitiveness  Entertainment  Individualism  hyper  status  anxiety 
april 2018 by asterisk2a
(112) Peter Thiel EDUCATES College Professor who asks: "What's your problem with higher education?" - YouTube
education bubble // what good is higher education? investment? consumption? an insurance not to be left behind? then why is insurance so expensive *if it were insurance, then meritocracy claim is invalid bc you take out future earning to get a step higher on the ladder? competitive tournament to pay an entry fee (excluding people)?
education  bubble  policy  UK  USA  student  debt  loan  competition  competitive  competitiveness  neoliberal  neoliberalism  Capitalism  globalisation  globalization  leftbehind  left-behind  poverty  trap  Precariat  working  poor  social  income  mobility  ladder  meritocracy  meritocratic  Peter  Thiel 
february 2018 by asterisk2a
Russell Brand: Society is collapsing - BBC News
"Society is collapsing," the comedian tells the BBC, "and people are starting to recognise that the reason they feel like they're mentally ill is that they're living in a system that's not designed to suit the human spirit.
Anarchism  Russell  Brand  mental  health  self-medication  coping  mechanism  maladaptive  chronic  stress  loneliness  social  isolation  Facebook  Selbstdarstellung  Selbstwertgefühl  addiction  book  neoliberal  capitalism  Exploitation  Consumer  Consumerism  consumption  Precariat  Generation  Rent  working  poor  poverty  trap  Materialism  inequality  mobility  income  meritocracy  meritocratic  Competition 
october 2017 by asterisk2a
Could a heroin vaccine cure the west’s drug epidemic? | Science | The Guardian
heroin has been described as “a warm blanket on the brain”. Within seconds of the drug entering the bloodstream, it hits receptor molecules in the brain’s neurons that induce a surge of euphoria, followed by a prolonged sense of tranquillity. Yes, it feels good – and that’s the problem. &! https://www.theguardian.com/commentisfree/2017/aug/13/dont-blame-addicts-for-americas-opioid-crisis-real-culprits
war  on  drugs  USA  UK  self-medication  coping  mechanism  overdose  public  health  crisis  neoliberal  capitalism  globalisation  exploitation  competition  social  media  chronic  stress  sick  population  mental  Depression  Alcohol  Escapism  Facebook  Instagram  working  poor  Poverty  trap  addiction  opioid  NHS  Council  A&E  homelessness  homeless  care  demand  Politics  policy  Deprivation 
august 2017 by asterisk2a
Is Britain's housing bubble turning Japanese? - Renegade Inc
Britain is in the grip of a housing crisis. But contrary to some Daily Mail speculators, the bricks and mortar economy is not going the way of Japan, circa 1990. Economist Neil Wilson explains why the same economic and political forces suppressing Japanese property prices will keep British prices artificially inflated for the foreseeable future. [...] The British building industry has heavily consolidated over the past twenty years, creating an Oligopoly [...] Britain is in the grip of a housing crisis. Yet successive governments have allowed this land speculation to flourish. Industry press releases deflect the blame to local council “red tape”, while sitting on thousands of hectares lying undeveloped “until market conditions improve”.
UK  free  market  Brexit  Housing  Crisis  Oligopol  affordable  social  Council  Austerity  Lobby  Competition  self-regulation  Regulation  regulators 
august 2017 by asterisk2a
(187) It's Not You, Airlines Have Been Treating Everyone Poorly - YouTube
as competition goes away, quality declines. (Competition is for Losers by Peter Thiel ... still Peter Thiel thinks running an airline is not a great business to be in).
oligopol  oligopoly  neoliberalism  monopoly  neoliberal  lobby  profit  maximisation  dividends  competition  Peter  Thiel  Silicon  Valley  competitive  competitiveness  Innovation  conglomerate  Gewinnspanne  airline  industry  transportation  self-restraint  self-regulation  regulation  regulators  consumer 
april 2017 by asterisk2a
1,160 Bridgend Ford job cuts projected in leaked report - BBC News
Overtime
The American car giant currently manufactures 655,000 engines in Bridgend but the contracts for these are coming to an end and there is only guaranteed work for 125,000 in future.
The leaked document said the plant is underperforming in comparison to similar sites, including at Dagenham in Essex.
Overtime levels at Bridgend are more than double Dagenham's rates, which adds 6% to the cost of the engines produced.
It attributes this to absence, non-performance and work practices including paying staff allowances they are not entitled to and regular job rotation.
The document adds that finding future work for Bridgend will be subject to improvements in performance.
Brexit  Productivity  Culture  UK  globalisation  globalization  profit  maximisation  shareholder  value  Ford  automotive  industry  Manufacturing  Competition  competitiveness  competitive 
march 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI  automation  Robotics  self-driving  cars  autonomous  vehicles  squeezed  middle  class  USA  UK  technological  unemployment  UBI  Universal  Basic  Income  Grundeinkommen  economic  history  education  policy  creativity  Richard  David  Precht  Alain  de  Botton  globalisation  globalization  offshore  outsourcing  contractor  contract  zero  hour  part-time  workers  union  trade  rights  Self-Employment  gig  economy  wage  growth  neoliberalism  crony  capitalism  tax  evasion  avoidance  Competition  corporatism  monopoly  oligopol  oligopoly  1%  10%  Super  Rich  Plutocracy  Oligarchy  welfare  state  redistribution  distribution  Precariat  working  poor  downward  mobility  social  poverty  trap  Austerity  underinvestment  underemployed  underemployment 
january 2017 by asterisk2a
Cancer drugs price rise 'costing NHS millions' - BBC News
[ capitalists love competition, but corporatists, not. they love raising profit margin ] The UK researchers said NHS negotiations with drug companies were failing to contain costs, and getting access to cheaper drugs would allow more people to be treated with more modern medicines. [...] Dr Hill said he was surprised to find several companies had consistently raised the prices of cancer treatment.
"We have found that some companies take over the supply of some generic cancer medicines and then raise the price progressively," he said. [...] As a result of the bill, companies found to be raising prices with no clear justification will be referred to the Competition and Markets Authority, and could face fines.
NHS  Cancer  monopoly  Privatisation  Austerity  STP  rationing  oligopoly  oligopol  BigPharma  profit  maximisation  cartel  collusion  WallStreet  public  health  sick  population  ageing  care  demand  Demographic  bubble  crony  neoliberalism  Exploitation  Competition  Corporate  capitalism 
january 2017 by asterisk2a
Oh for the 1960s! People earned less but could afford more | Money | The Guardian
[ fetish of GDP ] Economic growth since the 1960s has been real, but the link between growth and personal prosperity has broken down, probably since the 1990s. We can carry on pushing for increases in GDP, but it’s meaningless unless it translates into a recovery in living standards. If any government really wants to help the left-behinds, then cutting house prices and rents must be their first priority.
GDP  wage  growth  income  distribution  economic  history  profit  maximisation  capitalism  crony  oligopoly  monopoly  Platform  Self-Employment  Productivity  squeezed  middle  class  working  poor  globalisation  Competition  liberal  reform  competitiveness  disposable  discretionary  spending  investment  creditcard  credit  GFC  recovery  Austerity  secular  stagnation  taxation  1%  Super  Rich  Plutocracy  10%  20%  bank  bailout  Privatisation  outsourcing  offshore  banking  tax  evasion  avoidance  child 
december 2016 by asterisk2a
'Northern powerhouse' depends on productivity not rail links: thinktank | Business | The Guardian
In this post-referendum vacuum, Carney alone can't save the UK economy - Getting productivity going again will require more investment in innovation and our universities. It means more help for businesses that want to update their production lines, overhaul their IT systems or retrain their staff. Productivity will only improve if the UK addresses its skills shortages with sensible immigration policies and with better training. In an age of economic insecurity, training is key if the march of the robots is not to further exacerbate inequality. Similarly, the UK must get serious about moving to an apprenticeship system that has parity of esteem. - http://bit.ly/29cCmtq
Northern  Powerhouse  Brexit  apprenticeship  apprenticeships  UK  recovery  productivity  productivity  gap  output  gap  economic  history  Manufacturing  household  debt  consumer  debt  student  debt  City  of  London  George  Osborne  Policy  underinvestment  STEM  skills  gap  skills  economy  skills  shortage  structural  unemployment  long-term  unemployment  working  poor  Service  Sector  Jobs  Precariat  Gini  coefficient  inequality  poverty  child  poverty  austerity  infrastructure  investment  London  economies  of  agglomeration  competitiveness  comparative  advantage  competition  competitive  competitive  advantage  global  economy  globalisation  globalization  DWP  Iain  Duncan  Smith  GFC  Steel  Crisis  Steel  Industry  energy  price  University  Germany  education  education  bubble  AI  automation  Robotics  Robots  autonomous  car  self-driving  cars  autonomous  cars  augmented  intelligence 
july 2016 by asterisk2a
Pascal Lamy: Gove is 'pie in the sky' on Brexit - BBC Newsnight
Trade w europe may be currently shrinking (eu 'crisis'), but how much negotiation lever do you have as UK vs Europe (one single market/consumer!?) That is what Daniel Hannan does not highlight, the leverage of size to access, in negotiations with other countries. [...] 'trade negotiations are so long because they are so tough' [...] what will the UK have to give up, to gain access to foreign markets for their measly 20% of the whole economy (production, ie also house building, not just export/manufacturing)!? (2015, 80% of UK GDP growth consisted of consumption). Competing with much more competitive industry now! ( ie Cars. Ford's new plant in Mexico/Latin America ...) [...] "You can not exit and keep the benefits while you were in!" //&! >> What kind of trade deal could we get if we left the EU? - youtu.be/Pj9nPncM61M &! youtu.be/r8MiUI2eN6c
Brexit  free  trade  trade  agreement  TTIP  TTP  CETA  NAFTA  FDI  foreign  direct  investment  trade  deficit  current  account  deficit  Manufacturing  industrial  policy  policy  folly  policy  error  energy  policy  Steel  Industry  Steel  Crisis  competition  competitive  competitiveness  competitive  advantage  comparative  advantage  macroeconomic  policy  microeconomic  policy 
april 2016 by asterisk2a
YouTube Has Changed
a system only rewarding more views //&! Toby Turner's Sexual Assault Scandal Broken Down - youtu.be/AiP6gP4E6XI &! twitter.com/OlgaKay/status/718924921536012288 [u get the whole spectrum of society, on YouTube ] &! Melanie Murphy - youtu.be/7yBE1dQ9yoM //&! now people collect evidence ie him drunk on a livestream - youtu.be/ulSt2o--1PM &! youtu.be/UkOIG2ZHRic "Toby Turner is a monster." &! by boogie2988 - youtu.be/_mWrLkjfVdY (mental health slash personality disorder; mechanistic patterns of behaviour to achieve xyz, subconsciously not apparent to person consciously in the moment without professional help/therapy) [...] the edited version that ends up on YouTube is superficial! see also Sam Pepper. //&! more and more people came out - youtu.be/LJ0eg05I9VE &! Toby Turner Rape Allegations - JaclynGlenn - youtu.be/vF2fsPshqwc &! youtu.be/WKJvkC3koaA #consent &! youtu.be/0I3mpyhmUy8 - can still press charges w phone evidence &! youtu.be/50alCOD7GAk //&! Follow-up - youtu.be/7A18W-iQ2S0
MCN  YouTube  noise  pollution  noise  Greed  content  discovery  Clickbait  Linkbait  creative  destruction  creativity  competition  attention  arbitrage  attention  graph  attention  span  mobile  homescreen  Entertainment  Escapeism  Platfom  Social  Media  pageviews  business  model  gossip  Celebrity  Culture  gossip  Tabloid  glossy  magazine  superficial  sexual  consent 
april 2016 by asterisk2a
Jobs threat at medical equipment plants in Ayrshire
A medical equipment firm is consulting its employees on plans to close one of its two Ayrshire factories and move more production work to China.
Guardian, formerly BDF Healthcare, makes products for surgical theatres and employs about 120 people at sites in Girvan and Patna.
Parent group, Berendsen PLC, said a consultation had begun on Tuesday and would run for 30 days.
The firm said redundancies were a possible outcome but not definite.
cost  center  operating  margin  Manufacturing  UK  offshoring  outsourcing  China  competitive  competition  competitiveness  underinvestment  R&D 
march 2016 by asterisk2a
BBC Radio 4 - Radio 4 in Four, Tarantino on why he shot latest film in rare 70mm format
[ Movies are no more "Events" you go to. mobile homescreen. streaming over the wire, no more need to buy VHS, DVD ... ] Director Quentin Tarantino explains why he 'wanted to go backwards in time' with his latest movie project, The Hateful Eight. The film was shot in Ultra Panavision 70 - a format that hadn't been used since 1966.
The  Content  Wars  Hollywood  Entertainment  Industry  Entertainment  Netflix  competitiveness  competitive  competition  business  model  pageviews  distraction  Escapeism  Gaming  Music  Industry  mobile  homescreen 
january 2016 by asterisk2a
COP21: UK under fire on climate policy - BBC News
Allegations of hypocrisy will be levelled at the UK when the Climate Secretary Amber Rudd appears at the Paris climate summit on Monday. [...] Most recently Mr Osborne scrapped a £1bn fund for a demonstration plant to capture CO2 from a power station and store it underground. It was a major pillar of UK climate policy. Craig Bennett from Friends of the Earth said: "The government is totally hypocritical on climate change. "George Osborne's anti-environmental policy decisions on energy fly the opposite way to the low-carbon route the vast majority of other countries are pursuing. // also hypocrisy to cut renewable's and investment (increase future energy price, see Steel industry; wholesale price 1/3 higher than Germany, in Germany steel companies did not close shop. They complained too. but did not close shop.) and on the other hand say only austerity will strengthen economy and a strong economy guarantees a strong NHS.
COP21  Amber  Rudd  energy  price  energy  policy  austerity  climate  change  global  warming  renewable  energy  UK  budget2015  underinvestment  Smart  Grid  infrastructure  investment  competitiveness  competitive  competition  industrial  policy  marginal  cost  solar  energy  wind  energy  energy  security  hypocrisy  Tories  nasty  party  Generationengerechtigkeit  NHS  dogma  ideology  George  Osborne  David  Cameron  constituency  babyboomers  general  election  2015  election  campaign  promises  EEG  Umlage  Germany  trickle-down  economics  tax  evasion  tax  avoidance  recovery 
december 2015 by asterisk2a
Robert Reich - Timeline Photos
What about all the ballyhoo about manufacturing jobs coming back to America? Well, some have. But they pay lousy wages. The average wages of production and non-supervisory employees in manufacturing are lower today than they were in 1985, when adjusted for inflation. [...] Bottom line: Most Americans have got zilch out of this recovery. In fact, they’re worse off now than they were in 2000. Meanwhile, the top 0.1 percent is doing fabulously well. More and more people are concluding the game is rigged -- which it is. No one should be surprised at the surge in populist anger on the left and the right.
USA  job  creation  recovery  industrial  policy  wage  growth  wage  stagnation  UK  western  society  western  world  secular  stagnation  squeezed  middle  class  Sozialer  Abstieg  income  growth  economic  growth  disposable  income  income  distribution  income  mobility  income  inequality  income  redistribution  social  mobility  Gini  coefficient  Super  Rich  1%  discretionary  spending  zombie  consumer  credit  card  debt  credit  card  car  loan  2015  GFC  reflate  reflation  globalization  globalisation  flat  world  borderless  competitive  competitiveness  competition  low  pay  low  income  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  precarious  work  Precariat  working  poor  Joseph  Stiglitz  Robert  Reich  poverty  child  poverty  food  poverty  poverty  trap  generationy  babyboomers  participation  rate  manual  labour  Millennials  retirement  mainstreet  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  capital  gains  tax  corporate  tax  rate  dogma  ideology  neoliberalism  neoliberal  republicans  democrats  public  awareness  public  perception  American  Dream  post-racial  America  economic  justice  fairness  bank  bailout  TBTF  too  big  to  jail  too  big  to  bail  Generationengerechtigkeit  budget  deficit  austerity  populism  corporate  corporate  r 
october 2015 by asterisk2a
Free banking in the spotlight in crunch week for UK high street banks | Business | The Guardian
In its update in July 2014, the CMA said it was “possible that there might be a degree of cross-subsidy in the PCA [personal current account] market, which may be distortive of competition”. It added: “Indeed, the ‘free if in credit’ model often involves cross-subsidy by other revenue streams for PCAs such as overdraft charges. In addition, we were also told that PCAs as a whole were loss-making. “If this were the case, this could suggest the existence of a cross-subsidy from other retail banking products.”
oligopoly  oligopol  retail  banking  banking  competition  self-regulation  regulation  deregulation  regulators  banking  crisis  bank  crisis  UK  Consumer  Protection  choice 
october 2015 by asterisk2a
The Billionaire Hypocrisy of Helping the Poor - YouTube
We're reminded every day of the kindness of the billionaire class - and the millions they spend on charity in American and around the world. But the fact is - Americans wouldn't need the charity - if they just had good-paying jobs.
trickle-down  economics  neoliberalism  neoliberal  job  creation  labour  market  USA  Gini  coefficient  tax  code  corporate  tax  rate  tax  evasion  tax  avoidance  Wall  Street  globalization  globalisation  free  trade  Service  Sector  Jobs  conglomerate  competitiveness  competition  competitive  wage  stagnation  income  growth  Middle  Class  squeezed  Sozialer  Abstieg  income  distribution  disposable  income  discretionary  spending  inequality  American  Dream  NAFTA  TTIP  TPP  philanthropy  TISA  Super  Rich  1%  Niedriglohnsektor  job  security  social  mobility  income  mobility  economic  history  Union  Workers  Union  self-regulation  regulation  deregulation  regulators  lobbyist  profit  maximisation  shareholder  value  lobby  Lobbying  income  inequality  welfare  state  social  safety  net  precarious  work  Precariat  working  poor  outsourcing  Manufacturing  China  Gesellschaft  society  Policy  Makers  Zero  Hour  Contract  part-time  underemployed  unemployment  long-term  unemployment  youth  unemployment  structural  unemployment  secular  stagnation  Niall  Ferguson 
october 2015 by asterisk2a
Huge pension shortfall facing UK's young adults | Money | The Guardian
[ has to put away 10% of disposable income/earnings ?pre-tax?, put it in equities, and open the envelope only after 60-70 years. ] The average 35-year-old has to save £660,000 into a pension plan if they have any hope of matching the standard of living enjoyed by today’s pensioners – but have so far managed to put aside just £14,000.
retirement  savings  savings  rate  savings  glut  disposable  income  discretionary  spending  pension  pension  scheme  squeezed  middle  class  wage  stagnation  wage  growth  income  growth  income  gap  income  distribution  income  inequality  low  income  Sozialer  Abstieg  working  poor  Precariat  precarious  work  financial  literacy  zombie  consumer  consumerism  consumerist  materialism  status  anxiety  babyboomers  generationy  Millennials  status  symbol  consumption  consumer  debt  household  debt  private  debt  student  loan  debt  Bubble  stagnation  secular  stagnation  competitive  competition  competitiveness  globalization  globalisation  flat  world  borderless 
september 2015 by asterisk2a
Higher education cuts 'risk NI being left behind' - BBC News
Northern Ireland is in danger of being left behind if there are further cuts to the higher education budget, a leading technology expert has warned. Tom Gray of Belfast software firm Kainos said more investment was needed to produce skilled workers.
UK  austerity  skill-biased  technological  change  education  policy  George  Osborne  David  Cameron  Gini  coefficient  poverty  trap  inequality  income  mobility  social  mobility  Tories  Conservative  Party  Toff  Privileged  Entitlement  Establishment  budget2015  competitive  competition  competitiveness  globalization  globalisation  flat  world  borderless  Software  Is  Eating  The 
september 2015 by asterisk2a
Fed chief Yellen says US rate rise still likely this year - BBC News
The US remains "on track" for an interest rate rise this year, Federal Reserve chief Janet Yellen has said. The central bank head said as long as inflation was stable and the US economy was strong enough to boost jobs, the conditions would be right for a rise. Despite expectations of a rise this month, the Fed held rates, in part due to fears about global economic growth. Ms Yellen, speaking at the University of Massachusetts, said US economic prospects "generally appear solid". Speaking a week after the Fed delayed that long-anticipated hike, she said she and other policymakers did not expect recent global economic and financial market developments to significantly affect the central bank's policy. Much recent inflationary weakness is due to special and likely temporary factors, such as a strong dollar and low oil prices, she said. //&! http://www.bloombergview.com/articles/2015-09-25/janet-yellen-s-flip-flop-confuses-markets
Janet  Yellen  Fed  Fed  mandate  inflation  expectation  inflation  targeting  secular  stagnation  western  world  centralbanks  QE  ZIRP  NIRP  Taper  QT  petrodollar  Petroleum  Industry  commodity  prices  China  credit  bubble  BRIC  Brazil  Russia  India  BIS  Richard  Koo  global  economy  global  trade  2015  BOE  monetary  policy  unconventional  monetary  policy  debtoverhang  household  debt  consumer  debt  private  debt  credit  card  car  loan  Student  deleveraging  faultlines  Structural  Impediments  imbalance  wage  stagnation  wage  growth  squeezed  middle  class  disposable  income  discretionary  spending  income  growth  low  income  income  distribution  inequality  Gini  coefficient  Service  Sector  Jobs  job  creation  job  market  labour  economics  labour  market  Niedriglohnsektor  competitive  competition  flat  world  borderless  globalization  globalisation  recovery  fiscal  policy  underinvestment  productive  investment  asset  bubble  FOMO  hunt  for  yield  Super  Rich  1%  hot-money  currency-war  currency  war  currency  debasement  Dollar  speculative  bubbles  asset  allocation  equity  bubble  distortion  irrational  exuberance  property  bubble  macroprudential  policy  USA  UK 
september 2015 by asterisk2a
VW: Das Auto? Der Betrug! Jakob Augstein zur Abgas-Affäre - SPIEGEL ONLINE
Nicht nur Banken betrügen, auch die Industrie. Das zeigt der VW-Skandal. Deutschland hält sich eher ans Recht als das Ausland? Ein Irrtum. Guter Kapitalismus, böser Kapitalismus? Gibt's nicht. Nur die Notwendigkeit des starken Staates. [...] Die Amoralität ist in der Idee der Firma an sich eingebaut. Menschen haben (vielleicht) Moral. Firmen nicht. Da liegt ein grundlegendes Missverständnis im modernen Kapitalismus. [...] In einem langen Artikel über Wirtschaftsethik hat der "Economist" einmal geschrieben: "Unternehmen, die lügen und betrügen, können nicht erwarten, lange im Geschäft zu sein, selbst wenn ihre Handlungen vom Gesetz gestattet sind." Wir wissen, dass das Gegenteil der Fall ist. Aber so streuen sich die Gralshüter der liberalen Wirtschaftsideologie selbst Sand in die Augen. [ The Corporation (2005) by Joel Bakan ] [...] Beschreibt das nicht perfekt das Wesen der großen Konzerne - je größer, desto besser? Und VW ist sehr groß. [ Amazon's monopsony ]
Volkswagen  conglomerate  VW  crony  capitalism  capitalism  profit  maximisation  shared  economic  interest  shareholder  value  self-regulation  regulation  regulators  oversight  transparency  lobbyist  lobby  Lobbying  revolving  door  Career  Politicians  climate  change  global  warming  Abgas-Affäre  emissions  carbonemission  carbonfootprint  economic  damage  short-term  thinking  short-term  view  post-capitalism  ethical  machine  moral  beliefs  fiduciary  responsibility  neoliberalism  neoliberal  liberalism  ideology  dogma  democracy  Gesellschaft  society  exploitation  economic  history  book  CEO  pay  Leadership  true  north  mainstreet.org  accountability  too  big  to  jail  GFC  banking  crisis  bank  bailout  bank  crisis  TBTF  subsidies  subsidizing  Workers  Union  Trade  Union  inequality  Gini  coefficient  too  big  to  bail  competition  oligarchy  oligopoly  oligopol  Super  Rich  1%  monopsony  Amazon  Google  Inc.  Apple  monopoly  Microsoft  antitrust  trust  distrust  No  Representation  social  contract  political  theory 
september 2015 by asterisk2a
The Fed has to deal with its own zombie apocalypse
"However, there are pockets of greater weakness like these zombie companies. These pockets are likely to see some more turbulence than overall conditions. Some companies definitely will go out of business." It isn't just the zombies, though, that should worry about higher rates. Corporate America overall has been piling on the debt, which grew 8.3 percent in the second quarter, according to figures the Fed released Friday. [...] Michael Contopoulos, high-yield strategist at Bank of America Merrill Lynch, said the high-yield space is a mess no matter what the Fed does. Global economic weakness and deteriorating fundamentals are making it increasingly harder for the Fed to underwrite junk debt through a zero funds rate. [...] Earnings for junk companies have been "incredibly weak," [...] "leverage is at all-time highs" while "defaults and downgrades are creeping into the market." [...] the issues with high-yield could be more secular in nature.
zombie  corporations  zombie  consumer  Junk  Bond  Taper  Fed  Fed  mandate  USA  Richard  Koo  interest  payments  bubble  ZIRP  NIRP  QE  unconventional  monetary  policy  unintended  consequences  distortion  unknown  unkown  complexity  QT  2015  China  credit  bubble  BRIC  monetary  policy  monetary  transmission  mechanism  liquidity  trap  liquidity  squeeze  credit  ratings  secular  stagnation  western  world  refinancing  debt  monetisation  debt  monetization  corporate  debt  leverage  margin  trading  reflate  reflation  productivity  UK  Europe  output  gap  competitive  competition  globalization  globalisation  borderless  flat  world  New  Normal  economic  history  trickle-down  economics  marginal  cost  economics  of  abundance 
september 2015 by asterisk2a
Japan's IPO of the Century - Bloomberg View
The privatization couldn't have come at a more opportune moment. Even Nobel laureate Paul Krugman, an early Abenomics cheerleader, said this week that he's "really, really worried" about Tokyo’s chances of ending a two-decade slump. The hope is that the listing, which will be targeted at individual Japanese, will encourage households to invest more of their savings. Perhaps more important, it could enliven the country's stagnant banking sector. Japan is among the developed world's most overbanked nations, with more than 100 sleepy regional players (84 of which are publicly traded) servicing 126 million people. Thanks to the Bank of Japan's zero-interest-rate policies, profit margins are shrinking even faster than the population.
Abenomics  Japan  economic  history  2015  neoliberalism  neoliberal  TPP  Privatisation  liberal  economic  reform  economic  refugee  corporate  governance  culture  society  demographic  bubble  competitive  competition  competitiveness  zombie  banks  zombie  corporations  deflation  Yen  BOJ  fiscal  policy  monetary  policy  monetary  stimulus  White  Elephants  asset  allocation  R&D  STEM  industrial  policy  China  monetary  transmission  mechanism  liquidity  trap  excess  reserves  M3 
september 2015 by asterisk2a
One Map Shows Just How Expensive College Can Be for Students Making Minimum Wage
[S]ubstantial evidence that lack of information plays a critical role in shaping the financial decisions people make. Consider how a vast majority of people who are currently defaulting on their student loans in the U.S. would be able to halt their financial suffering if they knew they could enroll in an income-based repayment plan that would shrink or eliminate their monthly payments. This map goes some way toward explaining why low-income students are less likely to enroll in college. If the idea that college is a risky investment is something thats gaining traction in well-to-do circles, then surely people who hail from less fortunate backgrounds are even more inclined to think the potential price is too high. // could be seen as balance sheet recession: rising cost of education - & on other side - unable 2 pay w job u can get (asset value). Education is mispriced in UK/USA in a new world going forward! >> youtu.be/_EDGTzOXa_g?t=1h46m5s
College  University  USA  student  loan  debt  student  loan  student  debt  NPL  un-college  minimum  wage  cost  of  living  income  growth  wage  growth  wage  stagnation  Millennials  generationy  disposable  income  discretionary  spending  babyboomers  living  standard  standard  of  living  living  wage  Generationengerechtigkeit  generation  rent  2015  income  mobility  social  mobility  downward  mobility  Gini  coefficient  income  distribution  1%  Super  Rich  income  inequality  low  income  income  redistribution  precarious  work  working  poor  job  security  job  creation  UK  education  policy  competition  globalisation  globalization  neoliberalism  neoliberal  Privatisation  borderless  flat  world  trickle-down  economics  economic  history  inequality  labour  market  Service  Sector  Jobs  Niedriglohnsektor  marginal  propensity  to  consume  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  Thomas  Piketty  Elizabeth  Warren  Larry  Lessig  labour  economics  Wall  Street  profit  maximisation  shareholder  value  shared  economic  interest  secular  stagnation  stagnation  debt  servitude  Super  Cycle  debtoverhang  deleveraging  balance  sheet  recession  financial  literacy  Career  Politicians  No  Representation  social  contract  political  theory  vested  interest  interest  groups  generational  contract  lost  generation  lost  decade  personal  bankruptcy  poverty  trap  Mark  Blyth  dem 
september 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
Labour leadership races can change fast; interest rates, not so much | Business | The Guardian
The fact of the matter is that, while George Osborne is obsessed with shrinking the size of the public sector and causing hardship and misery, the real crisis in this country concerns not the size of the budget deficit, but the record peacetime balance-of-payments deficit of a whopping 6% of GDP. With this in mind, John Llewellyn and Russell Jones of Llewellyn Consulting have been urging the Bank to encourage the overvalued pound to fall towards more realistic levels, to avoid an almighty sterling crisis when the markets finally wake up to the real crisis in the British economy.
balance  of  payments  2015  budget2015  austerity  output  gap  productivity  household  debt  public  debt  private  debt  consumer  debt  UK  George  Osborne  short-term  Mark  Carney  BOE  ZIRP  QE  NIRP  bond  bubble  current  account  deficit  trade  deficit  structural  deficit  industrial  policy  STEM  Research  Manufacturing  energy  policy  energy  price  renewable  energy  Career  Politicians  No  Representation  fairness  Generationengerechtigkeit  Tories  Conservative  Party  Toff  Establishment  Privileged  asset  bubble  equity  bubble  property  bubble  reflate  reflation  fiscal  stimulus  fiscal  policy  Richard  Koo  debtoverhang  balance  sheet  recession  Software  Is  Eating  The  World  underinvestment  productive  investment  public  investment  business  investment  business  confidence  wage  stagnation  wage  growth  secular  stagnation  deflationary  deflation  competitive  competition  competitiveness  globalization  globalisation  global  trade  added  value  value  creation  corporate  tax  rate  capital  gains  tax  inequality  Gini  coefficient  poverty  trap  child  poverty  social  mobility  income  mobility  disposable  income  discretionary  spending  economic  history  trickle-down  economics  neoliberalism  neoliberal  Privatisation  pound 
september 2015 by asterisk2a
The Weight | The Players' Tribune
via - bit.ly/1IRTX3b --- ie Storytelling, like what Fish has done here, is certainly changing the world and it is this incremental progress which we should all celebrate. His beautiful story, among others like his, will inspire people to be more open about their mental health and hopefully in the process inspire a better future.
vulnerability  Brene  Brown  mental  health  mental  illness  Failure  Success  sociology  philosophy  Alain  de  Botton  storytelling  Perspective  stigma  meditation  competitive  competition  competitiveness  rat  race  corporate  culture  4-day  work  week  Descape  chronic  stress  chronic  low-grade  inflammation  well  being  happiness  index  work  environment  workplace  beyond  workplace  drama  crony  capitalism  capitalism  status  anxiety  label  prejudice  judgement  snap  judgement  life  hacker  life  lesson 
september 2015 by asterisk2a
▶ How The Economic Machine Works by Ray Dalio
credit great 4 productive investments 4 the future that will benefit u/me/gov/biz like infrastructure/edu/skills. but waste 4 pure consumption that dont increase productivity in the long run. Like consumer credit spend 2 replace a 2yr old flat screen. vs consumer credit 4 vocational/professional further edu 2 get a higher earning job (future higher income 2 repay the then debt liability & have some more/left over). Bad if u dont have later higher earnings from higher education 2 repay debt & just work in an underemployed placement that any college dropout could do. Thing is, college dropout doesnt have that debt liability that the higher education person has (reduced disposable income bc debt repayment + interest payments.) Women are hit double (gender pay gap) & triple (childcare long-term earnings loss). // min16 income growth important 2 keep up with debt repayment beyond interest. if not, we reached peak long-term debt cycle! // doesnt include globalisation's deflationary effects
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september 2015 by asterisk2a
SAP: Ehemaliger Mitarbeiter erhebt schwere Vorwürfe gegen SAP - SPIEGEL ONLINE
Hinter den Kulissen tobt um die Entwicklungsgeschichte des Erfolgsprodukts indes seit Jahren ein erbittert und mit harten Bandagen geführter Streit, der mittlerweile auch Gerichte und Behörden in Deutschland und den USA beschäftigt. Ausgerechnet ein Mitarbeiter der internen SAP-Revision, der mit einer Untersuchung ("Audit") über den Entwicklungsprozess von Hana befasst war, wirft dem Unternehmen vor, sich bei der Entwicklung eigener Produkte wie Hana am geistigen Eigentum von Wettbewerbern wie Oracle, IBM und Teradata bedient zu haben. Der bislang unbekannte Vorgang geht aus internen SAP-Dokumenten sowie Gerichtsunterlagen hervor, [...] Für SAP sind die Vorwürfe gefährlich, denn das Unternehmen ist einschlägig vorbelastet. In den vergangenen Jahren musste es Wettbewerbern wie Oracle Chart zeigen bereits hunderte Millionen Dollar an Schadensersatz überweisen. [...] [ $25m fuer sich zu fordern war dumm. Super naive. Schweigegeld oder was? ]
SAP  Oracle  intellectual  property  IP  IBM  competitive  competitiveness  competition  Silicon  Valley  M&A  Big  Data  disruption  disrupting  markets  SME  SMB  Mittelstand  innovation 
september 2015 by asterisk2a
After the Crisis - Mark Blyth - YouTube
>> what if rise of the banks (deregulation, easy credit, global financial markets - arbitrage, and making money with money) fuelled the growth of the last ~25-30 years. // min 47 3 asset bubbles popped // USA - 40% of corporate profits came from 10% of corporate sector (banks) // 30% of MIT grads went to banks instead of real world engineering and manufacturing. // underwater private sector! via credit bubble: student loans (now 1trn and still rising in USA and UK, future disposable income/discretionary spending lower than babyboomers because of wage stagnation, no wage growth) credit cards, mortgages, heloc (home equity line of credit) --- all will have to focus on paying back debt. // 2015 - us student loans 1.25trn - bit.ly/1KJ29uc + auto loans << bubble to eventually pop when collateral is falling! ie stagnant wages for 10 more years. and more and more cant repay their student loans. // 1:12:00 Bubbles move on; dot.com, real estate (property) & commodities, China,
Mark  Blyth  austerity  GFC  recovery  banking  crisis  sovereign  debt  crisis  economic  history  PIIGSFB  bank  bailout  fairness  Generationengerechtigkeit  toobigtofail  too  big  to  jail  too  big  to  bail  TBTF  ECB  NPL  deleveraging  balance  sheet  recession  underwater  credit  bubble  trickle-down  economics  China  2015  2008  dot.com  western  world  secular  stagnation  debt  servitude  student  loan  debt  student  loan  student  debt  generationy  generation  rent  Millennials  disposable  income  discretionary  spending  marginal  propensity  to  consume  Super  Rich  squeezed  middle  class  Sozialer  Abstieg  self-employment  Zero  Hour  Contract  Contractor  underemployed  precarious  work  working  poor  inequality  Gini  coefficient  post-capitalism  crony  capitalism  capitalism  manufactured  consent  Polarisation  Thomas  Piketty  developed  world  income  inequality  propaganda  populism  corporate  state  corporate  media  democracy  Career  Politicians  lobbyist  Lobbying  lobby  deregulation  self-regulation  Workers  Union  wage  stagnation  wage  growth  income  distribution  income  growth  income  mobility  low  income  income  redistribution  stagnation  consumer  debt  debtoverhang  Super  Cycle  debt  bubble  household  debt  private  debt  asset  bubble  reflate  reflation  asset  allocation  distortion  monetary  policy  monetary  stimulus  monetary  monetary 
september 2015 by asterisk2a
Will Oil Cause the Next Recession? - Bloomberg View
[Private Sector could not drive recovery! Stupid. And rising (re-flating) asset prices like stocks did not inspire consumers. The reality on the ground is different than asset prices. Inflation targeting is a policy error in hindsight. Question is if policy makers (fiscal and monetary) as willing to admit this, or drag the world through another lost decade & generation!? ] Most forecasters believe consumers will spend the windfall, and thus boost the economy. But almost all of the savings from lower pump prices so far have been used to rebuild household assets and reduce debt. Consumers tend to increase their savings in tough times; they've been doing so during the six-year recovery, even as real wages and median household incomes remain flat. Lower oil prices, however, could come with a downside. As they work their way through the system, deflation could follow. Already, 10 of the 34 largest economies in the world have seen year-over-year declines in consumer prices. [
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september 2015 by asterisk2a
Maybe This Global Slowdown Is Different - Bloomberg View
[ warren buffet investing in america because he sees the long-term outcome of Globalisation (first was incredible pain and then a flat and then a normalisation). He is buying at the bottom of normalisation period. A truly flat, borderless world in next 20-30 years. Where USA is energy competitive with high skilled labour and top notch STEM, Research and R&D through its edu/colleges/university departments. Able to effectively compete. And also lobby for subsidies, gov contracts (ie defense, infrastructure! which will have to be replaced to the tune of trillions), effective tax avoidance & evasion. ] // Building global supply chains became so fashionable for Western manufacturers that they built them even when it made sense to keep production closer to customers; now they're retrenching and revising their approach.
warrenbuffet  USA  economic  history  globalisation  globalization  borderless  flat  world  competitive  competition  competitiveness  competitive  advantage  marginal  cost  economics  of  abundance  energy  price  renewable  energy  STEM  Industrial  Revolution  2.0  infrastructure  investment  western  world  Smart  Grid  deflationary  deflation  secular  stagnation  global  trade  global  economy  global  imbalances  faultlines  Structural  Impediments  imbalance  R&D  Research  digital  economy  knowledge  economy  Future  of  Work  Mobile  Creatives  Software  Is  Eating  The  3D  printing  Robotics  automation  GFC  recovery  long-term  view  long-term  added  value  value  creation  differentiate  differentiation  energy  efficiency  energy  policy 
september 2015 by asterisk2a
Richard Duncan: The Real Risk Of A Coming Multi-Decade Global Depression - YouTube
50 year long debt super cycle & credit bubble up-held. Put. // hasnt created inflation because of Globalisation = deflationary! [3bn ppl living on $2/day] Collapse of marginal cost of labour, offsetting inflation pressure of QE/NIRP/credit creation last decades. // Will eventually haunt people back once globalisation has run its way in ~100-75 years & the world is actually flat. energy cost 0, marginal cost 0, economics of abundance. // // min 23 AND because of this deflationary pressure of globalisation, excess capacity, etc lead to wage stagnation & or pressure to work 4 less (Contractor, Werkvertrag, Zeitarbeit, self-employment, Zero Hour Contract, outsourcing) and longer, in western world. Leads inevitably 2 being pushed into recession & avoiding that authorities always pushed button 4 more credit. Credit growth prevented western world not 2 be pushed into recession in last decades. 2010 Private Sector cant drive recovery! Massive Gov stimulus needed +10 years, not austerity!
debt  bubble  Super  Cycle  Greenspan-Put  Ben  Bernanke  fiat  currency  debt  monetisation  debt  monetization  deflationary  deflation  secular  stagnation  Abenomics  globalization  globalisation  Fed  centralbanks  BIS  economic  history  QE  ZIRP  NIRP  GFC  recovery  western  world  technological  progress  commodity  business  commoditization  economics  of  abundance  marginal  cost  Janet  Yellen  benbernanke  ECB  BOE  BOJ  monetary  policy  Zero  Hour  Contract  neoliberalism  neoliberal  Contractor  Zeitarbeit  Werkvertrag  self-employment  freelancing  freelance  wage  stagnation  wage  growth  disposable  income  discretionary  spending  dot.com  outsourcing  flat  world  credit  bubble  debt  servitude  consumer  debt  student  loan  debt  debtoverhang  sovereign  debt  crisis  student  debt  household  debt  private  debt  fiscal  policy  austerity  Richard  Koo  Mark  Blyth  Joseph  Stiglitz  Robert  Reich  productive  investment  underinvestment  infrastructure  investment  Paul  Krugman  shared  economic  interest  Industrial  Revolution  2.0  Smart  Grid  STEM  education  policy  value  creation  added  value  Manufacturing  3D  printing  energy  price  energy  policy  competitive  competition  competitiveness  competitive  advantage  R&D  Research  Public  Partnership  world  fiscal  d 
september 2015 by asterisk2a
Dan Ariely: Why The Next Market Downturn May Quickly Become A Full-Blown Panic - YouTube
free self-regulated market where winner take all - creates adverse outcomes. //<< Book - The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank - Competition can be devastating if it is about winner take all !!! - youtu.be/hmbfK​DvDrJI - via Dan Ariely // // !!! QE - reflate - hope and pray confidence will come back and economy roars back to health. did not happen. // poverty trap // trend continues w inequality, // post-racial America // inability to get out of bad situation // under banked, payday loan // studies have shown, Americans imagine/think of their countries more equal and just than Sweden // (1) create new financial institution, retail banking serving people (not making 15% profit p/a to give it to share holders even demanding more) like Sparkassen // (2) reform education // (stop damaging) narrative of invisible hand - getting the best out of people // national identity // sense of agency !!!
inequality  QE  competitive  competition  winner  take  all  monopoly  monopsony  book  shared  economic  interest  common  good  Dan  Ariely  China  credit  bubble  ZIRP  NIRP  business  confidence  consumer  confidence  equity  bubble  speculative  bubbles  Super  Rich  1%  asset  bubble  faultlines  structural  imbalance  Impediments  Gini  coefficient  social  mobility  income  mobility  poverty  trap  child  poverty  poverty  USA  UK  Europe  austerity  recovery  2015  social  cohesion  social  tension  social  contract  welfare  state  social  safety  net  education  policy  skill-biased  technological  change  skills  gap  western  world  post-racial  America  Jim  Crow  working  poor  squeezed  middle  class  Sozialer  Abstieg  Germany  food  poverty  budget2015  fairness  Generationengerechtigkeit  Privileged  Toff  Establishment  Public  Services  Services  society  racial  segregation  gentrification  Gentrified  class  segregation  urbanisation  urban  planning  social  housing  affordable  housing  Lügenpresse  manufactured  consent  corporate  media  corporate  state  propaganda  populism  stigma  self-regulation  deregulation  Wall  Street  invisible  hand  crony  capitalism  profit  maximisation  shareholder  value  bank  bailout  TBTF  too  big  to  bail  too  big  to  jail  meritocra 
august 2015 by asterisk2a
Steve Keen on Education - YouTube
economy future relies on innovation. and if you check and monitor to death a system, and add bureaucracy on top of it, and low wages, and being under staffed and being over worked. and crowded, noisy class rooms (unable to spot talent and unable to sponsor). you can't have a prosperous future economy/generation with high social mobility. higher incomes. new industries. // oh and theyve cut research to nothing // oh and the creative digital industry is complaining, and added value industry is complaining about lack of qualified/skilled young workforce. // // UK will lose rest of its heavy industry because of energy prices it can't compete on world wide because it hasn't invested in the Smart Grid, energy storage systems, infrastructure, and renewable energy! Period. Budget2015 they cut all of renewable investment schemes and even had the audacity to put a carbon tax levy on it!
UK  education  policy  social  mobility  income  mobility  Gini  coefficient  STEM  University  College  vocational  education  apprenticeships  austerity  Tories  Conservative  Party  Toff  Establishment  Privileged  Research  knowledge  economy  knowledge  worker  skill-biased  technological  change  skills  gap  capital  skills  practical  skills  practical  skill  set  softskills  Fachkräftemangel  Millennials  generationy  entrepreneurship  entrepreneurial  social  entrepreneurship  capitalism  creative  destruction  disruption  Software  Is  Eating  The  World  Robotics  3D  printing  automotive  automation  self-driving  cars  autonomous  car  globalization  globalisation  borderless  flat  competitive  competition  competitive  advantage  competitiveness  public  investment  business  investment  underinvestment  productive  investment  infrastructure  investment  long-term  view  short-term  view  Career  Politicians  No  Representation  social  contract  Generationengerechtigkeit  fairness  secular  stagnation 
august 2015 by asterisk2a
Arbeitsbedingungen ǀ Der eigentliche Skandal ist ein anderer — der Freitag
Amazon verfolgt lediglich eine Strategie. Doch all das ist gar nicht so entscheidend, denn auch wenn der Artikel ein schockierendes Firmenbild aufzeigt, kann man dem Unternehmen daraus __nur bedingt einen Vorwurf machen. Letztendlich befindet sich Amazon in einem harten Konkurrenzkampf__ und versucht daher die leistungsfähigsten Mitarbeiter zu gewinnen und zu behalten – weniger leistungsstarke Mitarbeiter kann man dagegen nicht gebrauchen. Diese Strategie ist in großen Erfolgsunternehmen kein Einzelfall, sondern Normalität. [...] Der eigentliche Skandal sind die Logistikzentren
Amazon  competitive  competition  e-commerce  commodity  business  commoditization  margin  Jeff  Bezos  monopoly  monopsony  oligopol  oligopoly  Google  Shopping  Silicon  Valley  HR  human  resources  corporate  culture  corporate  values  identity  White-collar  Worker  Blue-collar  Worker  work  environment  workplace  beyond  workplace  drama  work  life  balance 
august 2015 by asterisk2a
#TOA15 Interview with Amit Karp, Ciaran O’Leary, Felix Petersen and Robin Wauters - YouTube
Very connected, fluid, enabled by infrastructure & networking. &! youtu.be/JvQaHXGgeYQ // &! youtu.be/7s6C4OJ04Rc - #TOA15 Interview with Christoph Keese (Axel Springer) - Germany good at incrementalism. A to B. Industry not willing to disrupt itself, give away existing shrinking pie - for bigger pie. unwilling to break up and upwards (value add) existing products/processes/value chain (legacy) for better. << Axel Springer digital ventures (VC arm). &! #TOA15: ¨Are the Germans Unable to Disrupt?¨ with Christoph Keese (Axel Springer SE) - youtu.be/YyuJmAtZQis --- its about value creation, value add, redesigning of value, chains, product, data, ... big corps can't disrupt itself. especially not by committee. Legacy companies unlikely to survive because of pattern to stick to the conventional and fail, than fail with unconventional and look like a fool. (risk aversion, Failure in the public eye) -- book -- "Silicon Valley: Was aus dem mächtigsten Tal der Welt auf uns zukommt"
Berlin  Start-Up  Scene  ecosystem  Venture  Capital  Europe  Start-Up  Scene  London  Scene  Germany  Mittelstand  SME  SMB  incrementalism  incremental  disruption  creative  destruction  Blue  Ocean  innovator  innovation  competitive  competition  competitiveness  competitive  advantage  BMW  FinTech  autonomous  car  self-driving  cars  Exportweltmeister  Audi  Manufacturing  Industrial  Revolution  2.0  policy  STEM  Software  Is  Eating  The  World  Robotics  automation  Platform  Marketplace  Big  Data  book  added  value  value  creation  banking  Core  Product  Proposition  Proposition  intangible  value  cost  of  ownership  Industry  Tesla  Motors  Apple  Google  Inc.  Alphabet  Inc.  Silicon  Valley  Start-Up  advice  Start-Up  lesson  outsider  economic  history  Wall  Street  short-term  view  short-term  thinking  shareholder  value  profit  maximisation  commodity  business  commoditization  Failure  culture  stigma  3D  printing  Siemens  SAP  automotive 
august 2015 by asterisk2a
What to Make of Amazon's Work Practices? | Bothsides of the Table
It’s best encapsulated in a famous Jeff Bezos quote, “You can work long, hard or smart, but at Amazon.com you can’t choose two out of three,” [...] Try working at Goldman Sachs, [...] You think it’s different at any of the top consulting firms? [...] You see organizations like these thrive on large pools of some of the country’s best and brightest graduates that trade off 2-5 years of work experience under extreme pressure in exchange for skills, experiences & relationships that will last a lifetime. [Accelerated Learning] [...] Think its a cake walk working @ any of the countries top law firms? [...] Should we do an article on what it’s like to be a medical resident? How abt working in the US military? Chief of Staff for a major political figure? What abt a top athlete in the NFL or NBA or even part of the coaching staff. Think they dont have work/life balance challenges in a field theyve chosen to work in? [#Top 100 of X vs avg white- or blue-collar worker ] [what u optimize for?]
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august 2015 by asterisk2a
Jeremy Corbyn wins economists’ backing for anti-austerity policies | Politics | The Guardian
In the letter to which David Blanchflower, a former member of the Bank of England’s monetary policy committee is a signatory, the economists write: “The accusation is widely made that Jeremy Corbyn and his supporters have moved to the extreme left on economic policy. But this is not supported by the candidate’s statements or policies. His opposition to austerity is actually mainstream economics, even backed by the conservative IMF. He aims to boost growth and prosperity.” // UK can't compete with energy rich countries - ie through rebuilding (through subsidies) its industrial and manufacturing sector - it has to add value through expert services, knowledge, digital, research to existing products goods and services that then can be re-sold across the world - high energy cost, expensive transport through lack of infrastructure of the future, and lack of in-pipeline educated mobile youngster, is a structural deficit.
neoliberalism  Jeremy  Corbyn  David  Cameron  Labour  Party  Conservative  Party  Tories  Toff  Privileged  Establishment  dogma  ideology  austerity  Privatisation  neoliberal  budget2015  recovery  public  investment  underinvestment  productive  investment  infrastructure  investment  STEM  Research  digital  economy  knowledge  economy  differentiate  differentiation  IMF  OECD  global  economy  globalization  globalisation  borderless  flat  world  competitiveness  competitive  competition  competitive  advantage  current  account  deficit  trade  deficit  global  trade  trade  balance  Structural  Impediments  trickle-down  economics  economic  history  GFC  Generationengerechtigkeit  fairness  vocational  education  education  policy  social  mobility  income  mobility  Gini  coefficient  gender  inequality  inequality  professional  education  Future  of  Work  Software  Is  Eating  The  creative  destruction  added  value  value  creation  faultlines  working  poor  precarious  Precariat  squeezed  middle  class  deregulation  underemployed  unemployment  imbalance  subsidies  subsidizing  protectionism  Career  Politicians  Pivot  UK  economic  growth  economics  of  abundance  marginal  cost  energy  price  energy  policy  renewable  energy  Oil  price 
august 2015 by asterisk2a
Frankreich verliert Status als Deutschlands wichtigstes Exportland - SPIEGEL ONLINE
IMF rechnet für 2015 mit einem Anstieg des BIP US um 2,5 Prozent und für 2016 mit 3 Prozent. "Wir sehen zudem eine Reindustrialisierung in den USA: Dort werden wegen der niedrigen Energiekosten viele neue Fabriken und Produktionsstätten hochgezogen", sagte Treier. "Dafür werden Maschinen und Ausrüstungen aus deutscher Produktion benötigt." Hilfreich sei zudem der schwächelnde Euro, [...] "Die Amerikaner sind relativ preissensible Käufer, auch wenn es um Luxusprodukte wie deutsche Autos geht", // Germany & UK are energy dependent, especially after Desert Storm Energy project failed. UK need the bet on STEM and digital economy and knowledge economy, added value services that can be exported & leverage "British" brand. It can not compete against cheap energy fuelled China and USA! But it did nothing, UK has to even import Nurses and Doctors now! Thanks to short-sighted ideological dogmatic austerity & policy for established businesses. low corp tax & deregulation to compete w price only.
USA  warrenbuffet  2015  fracking  energy  price  Oil  price  energy  policy  shale  gas  shalegas  tarsand  Canada  Exportweltmeister  China  global  trade  Europe  Germany  industrial  policy  UK  global  economy  recovery  Makers  Career  Politicians  competitive  advantage  competitive  competitiveness  competition  energy  dependence  Manufacturing  policy  error  policy  folly  renewable  energy  wind  energy  energy  efficiency  Conservative  Party  budget2015  Tories  austerity  corporate  tax  rate  capital  gains  tax  income  tax  tax  free  income  David  Cameron  George  Osborne  Iain  Duncan  Smith  deregulation  Workers  Union  self-regulation  regulation  regulators  neoliberalism  neoliberal  differentiate  differentiation  ZIRP  NIRP  QE  digital  economy  economic  history  trickle-down  economics  tax  evasion  tax  avoidance  export  exports  current  account  deficit  budget  deficit  trade  deficit  fiscal  deficit  fiscal  policy  fiscal  stimulus  STEM  research  knowledge  economy  knowledge  worker  economics  of  abundance  marginal  cost  economic  damage  shared  economic  interest  macroeconomic  policy  microeconomic  policy  DWP  education  policy  inequality  Gini  coefficient  social  mobility  poverty  trap  child  poverty  income  mobility  creative  destruction  Future  of  Work  Mobile  Creatives  Mobile  White-collar  Blue-collar  squeezed  middle  class  Sozialer  Abstieg  working  poor 
august 2015 by asterisk2a
BBC TV chief warns of US threat after big-money Amazon deals | Media | The Guardian
>> iPlayer needs to become an international subscription business. and leverage the BBC brand (sought after and trusted, it's the last public crown jewl that actually can compete in a global market! Channel 4 or ITV can't. ) // “Their model is built on having global rights and we have got to respect that. They are a very smart, impressive bunch of people,” Cohen said. “The key thing we look at more and more is the impact of global competition rather than just in the UK where very big companies can distribute their content around the world. That is a very big challenge.”
distribution  model  BBC  British  Broadcasting  Company  Netflix  HBO  cable  provider  Amazon  Amazon  Prime  on-demand  convenience  friction  frictionless  user  experience  economies  of  scale  scale  globalization  globalisation  digital  economy  digital  content  Television  TV  The  Wars  content  discovery  content  distribution  user  generated  content  competition  competitiveness  IP  intellectual  property  differentiate  differentiation  Branding  brand  awareness 
august 2015 by asterisk2a
Amazon's Culture: Toxic or Just Tough? by The Jay & Farhad Show
Hello! This week, Farhad Manjoo (New York Times) and Jay Yarow (Business Insider) are joined by special guest Jodi Kantor (New York Times) to discuss her polarizing article about Amazon's culture. // // how technology functions in the workplace - efficiency, quantified self << the feedback tool you can always use, what ever your state of emotion, gripe, stick, bias, prejudice, ... feudal Darwinism creeps into knowledge worker, white-collar and blue-collar workers, MBA's and PhD's. [...] contributes to gender inequality (women with the back on their wall, leave or get started and forget about family & kids, life.) [...] brutal years are NOT Tour of Duty - Reid Hoffman The Alliance. // PS: Reed Hastings (Netflix) Culture document transpires that it is expected to contribute, even if it doesn't spell it out. Netflix also had to fight and overcome as much as Amazon! Proves again that internal & external environment a company finds itself affects its values & culture inevitable [Thesis].
Amazon  corporate  culture  corporate  values  HR  human  resources  ethical  machine  Silicon  Valley  quantified  self  marketplace  efficiencies  workplace  beyond  workplace  drama  work  environment  chronic  stress  Office  Politics  worklife  well  being  happiness  index  crony  capitalism  capitalism  profit  maximisation  shareholder  value  work  life  balance  performance  review  Jeff  Bezos  people  management  team  management  gender  inequality  book  Netflix  Reid  Hoffman  Reed  Hastings  linkedin  The  Alliance  Start-up  of  You  competitive  competition  competitiveness  Alibaba  Google  Facebook  China  Japan  culture  society  peer  pressure  sustainability  sustainable  lesson  advice  war  for  talent  benefits  perks  4-day  work  week  glass  ceiling  glass  cliff  diversity  human  capital  workforce  hiring  recruiting  recruitment  personal  values  Leadership  CEO  business  management  management 
august 2015 by asterisk2a
Darwinism At Your Doorstep: Why You Only Care About Amazon Now | TechCrunch
“You either fit here or you don’t,” and that in Seattle the company has a widespread reputation for its toughness. For now, you have a choice whether to work for Amazon. For now, you have options. Amazon is the vanguard of a very scary movement in the tech sector but we’re not all there yet (though some techbros on Twitter seem happy at the thought of Amazon culture catching on). [...] Why do we care suddenly about working conditions when it turns out that white-collar employees are the ones getting shafted? The workers at Amazon fulfillment centers have much less choice and much less power than the marketers and engineers in the Times piece. [...] We’re acting shocked and horrified that Amazon applies what it calls “purposeful Darwinism” to people with MBAs and PhDs, // [ trend, conditions known in service sector job and manual labour sector swapping over into the cushy world of blue-/white-collar worker ] Capitalism regresses toward feudalism.
Amazon  Silicon  Valley  corporate  culture  corporate  values  HR  human  resources  squeezed  middle  class  Sozialer  Abstieg  White-collar  Worker  Blue-collar  Worker  working  poor  precarious  work  class  warfare  USA  UK  competitive  competitiveness  competition  neoliberalism  neoliberal  perks  benefits  Europe  globalization  globalisation  borderless  Software  Is  Eating  The  World  automation  Robotics  flat  self-employment  freelance  freelancing  Zero  Hour  Contract  Contractor  Service  Sector  Jobs  manual  labour  job  market  labour  economics  labour  market  western  secular  stagnation  economic  history  differentiate  differentiation  Seth  Godin  career  ladder  career  advice  being  remarkable  Purple  Cow  Future  of  Mobile  Creatives  Mobile  Creative  destruction  capitalism  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  Jeff  Bezos  monopsony  monopoly  deflationary  deflation  wage  stagnation  trickle-down  economics  Thomas  Piketty  book  Universal  Basic  Income  tax  code  Super  Rich  1%  inequality  inequality  Gini  coefficient  tax  capital  gains  tax  capital  gains  technological  progress  skill-biased  technological  change  technological  history  augmented  intelligence  living  standard  standard  of  living  cost  of  living  living  wage 
august 2015 by asterisk2a
What is the 'gig' economy? | FT Comment - YouTube
human capital, HR - as cost center. // trading short-term competitiveness (kick ppl of the book according to demand) but trade it in aggregate with long-term social deprivation and skill gaps and underinvestment. because of dog eat dog mentality than you are incentivised to compete on price, because it is the easiest and you are able to to it with those neoliberal labour reforms in Europe. Don't compete with Amazon on price. Don't compete with China/Asia on price. Stupid.
Gig  Economy  1099  Economy  Zero  Hour  Contract  freelancing  freelance  part-time  Contractor  working  poor  precarious  work  uncertainty  squeezed  middle  class  Sozialer  Abstieg  neoliberalism  neoliberal  21stcentury  job  creation  job  market  labour  economics  labour  market  manual  labour  Service  Sector  Jobs  on-demand  convenience  western  world  Zeitarbeit  Leiharbeit  Europe  UK  USA  Germany  capitalism  human  capital  conglomerate  social  safety  net  Universal  Basic  Income  self-employment  tax  credit  poverty  trap  poverty  in  old  age  savings  rate  Policy  Makers  lobbyist  lobby  Lobbying  folly  error  short-term  thinking  short-term  view  meritocracy  meritocratic  Alain  de  Botton  work  environment  philosophy  chronic  stress  Precariat  Future  of  Mobile  Creatives  Mobile  Creative  profit  maximisation  shareholder  value  Workers  Union  Wall  Street  budget  deficit  OECD  IMF  lost  generation  lost  decade  professional  education  vocational  education  education  unintended  consequences  skills  gap  skill-biased  technological  change  Software  Is  Eating  The  Niedriglohnsektor  microeconomic  macroeconomic  deprivation  Perspective  hopelessness  voter  turnout  Career 
august 2015 by asterisk2a
Jeff Bezos Revealed: Building Amazon One Box at a Time - YouTube
Not in Silicon Valley. Not inside the bubble. was not inside the bubble when it imploded. // can not rest on your laurels. can not stop for a second innovating. even trying hard to disrupt yourself (Kindle) and capture the market (monopsony - in book and ebook market and w audible the audiobook market). and taking out your partners (delivery firms) with building very close to the city their warehouses. also, locking in customers with Amazon Prime, and convenience one click order. and having the verything store. Amazon A9 - its search engine could be the one of the top 5 search engines in the world. Google, YouTube, ... Amazon? or Bing/Yahoo in between? // Nobody can compete on price with Amazon with popular items! they discount popular items to attract (loss leader items). making it up all the other items of the long tail // run in late with lots of antitrust. // all encompassing (encapsulating every decision) motto: obsessing over customer & inventing in the name of the customer.
Amazon  Kindle  audible  competitive  competitiveness  competition  Start-Up  lesson  Start-Up  advice  IPO  growth  round  e-commerce  Jeff  Bezos  e-book  ebook  ebooks  books  book  Print  is  Dead  user  behaviour  Amazon  Prime  Platform  Marketplace  efficiencies  long-tail  long-term  view  long-term  thinking  monopoly  monopsony  antitrust  creative  destruction  disruption  disrupting  markets  customer  experience  user  experience  Silo  TOS  Silicon  Valley  corporate  culture  corporate  values 
august 2015 by asterisk2a
What Google’s Alphabet Really Spells for Silicon Valley: “I” Is for Innovation (And Also Irrelevance) | Re/code
Success breeds complacency. Complacency breeds failure. Only the paranoid survive. // To my mind, Google needn’t agonize about staying current to what the kids are up to quite as much as it seems. I know former Intel star Andy Grove once said that “only the paranoid survive,” but everyone from my vantage point seems have taken that to extremes. In fact, aging probably shouldn’t be so much a worry anywhere in Silicon Valley, given the most powerful companies are run by these same ever-aging execs, and most of the money funding the startups is controlled by another cadre of mature — almost always — former dudes. The olds run the place more than it looks. [...] To modify the famed “Godfather II” quote from Hyman Roth: This is the life you have chosen (to always change). Plato once noted that “nothing is real, because everything is always changing or becoming something else.” It’s an old saying, for sure, but it still works for me and maybe realizing that is not such a bad thing.
Google  Google  Inc.  Alphabet  Inc.  Larry  Page  Sergey  Brin  Silicon  Valley  Intel  book  life  hacker  life  lesson  Start-up  of  You  creative  destruction  competitive  competitiveness  competition 
august 2015 by asterisk2a
Japan Exports Its Way to Irrelevance - Bloomberg View
[ Politicians as always will react with reactionary unimaginative policy, competing for the same pie. instead of enabling, supporting new pies to be created. ] But Abe needs to recognize, as China already has, that this is only the latest sign of a broader reality: Asia's old export model of economic growth no longer works. [...] All the stimulus BOJ Governor Haruhiko Kuroda can muster won't change the worsening trajectory of the region's most-populous nation. That's why Abe needs to take a page from Beijing and focus more on creating new industries at home. [ the base of home grown new market/category/vertical also includes sound middle class to buy those products. demand at home. social safety net (security). and less inequality. progressive taxation. fight tax evasion/avoidance, monopoles, monopsonies, bribery, corruption. and politicians making policy for lobby. ]
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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
Europe's economic challenge not just about Greece - BBC News
IMF, Christine Lagarde, said: "I remain firmly of the view that Greece's debt has become unsustainable." [...] Greek debt will reach 201% of GDP some time next year. [...] It is unlikely a portion of the debt will be written off but there may well be an agreement to extend current loans and to lower the rates of interest. [...] [ the overall health of Europe as a whole and its individual parts in question] [...] the eurozone economy splutters. There is a recovery - the eurozone is growing at an annual rate of 1.3% - but it is patchy. In the [Q2'15] France and Italy, which account for 40% of the eurozone economy, flat-lined. Italy which had only recently emerged from recession fell back, managing growth of just 0.2%. [...] [ ECB: on balance, outlook remains on the downside ] The eurozone economy is still smaller than it was in 2008. [...] The fundamental challenges to the European economy remain - how to innovate [...] modernise [...] [ EU project living up to its potential ]
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august 2015 by asterisk2a
Why we Polish are downing tools to get the recognition we deserve | John Zylinski | Comment is free | The Guardian
[ Tories and Co pit them, us all, against each other ]
immigrants  immigration  scape  goat  smoke  mirror  David  Cameron  UKIP  Nigel  Farage  George  Osborne  DWP  Iain  Duncan  Smith  austerity  UK  Service  Sector  Jobs  job  market  job  creation  Sozialer  Abstieg  squeezed  middle  class  Niedriglohn  Niedriglohnsektor  Lohnzurückhaltung  lohndumping  labour  market  Workers  Union  Zeitarbeit  Leiharbeit  economic  history  industrial  policy  STEM  Manufacturing  manufactured  consent  propaganda  populism  Career  Politicians  No  Representation  short-term  thinking  short-term  view  national  interest  Xenophobia  racism  Tories  Conservative  Party  policy  folly  policy  error  Makers  social  contract  social  cohesion  social  tension  welfare  state  neoliberalism  neoliberal  babyboomers  Generationengerechtigkeit  skills  gap  skill-biased  technological  change  globalisation  globalization  borderless  flat  world  competitive  competitiveness  competition  London  economies  of  agglomeration  Westminster  SNP  Scotland  Wales  Northern  Ireland  progressive  coldprogression  kalte  Progression  financial  repression  bank  bailout  bailout  zombie  banks  GFC  recovery  political  theory  precarious  work  social  policy  Party  workin 
august 2015 by asterisk2a
Better to inherit a home than start a business in Osborne.uk | Will Hutton | Comment is free | The Guardian
Our government is locked into a mindset in which economic problems are rooted in regulation, taxation and the public sector, so its reform efforts are focused there rather than addressing the palpable dysfunctions of the private sector. [...] It is Orwellian. There is a productivity review that will not raise productivity and a budget that will do little to deliver what the chancellor says he wants. This should offer rich pickings for any opposition – but to exploit the possibilities it first has to understand them and then challenge Osborne’s narrative. It is a sign of our shrunken times that instead the chancellor bestrides our economics and politics like a colossus.
George  Osborne  budget2015  2015  recovery  GFC  industrial  policy  education  policy  vocational  education  professional  education  STEM  austerity  Social  Services  Gini  coefficient  Public  Services  welfare  state  working  poor  precarious  work  squeezed  middle  class  mobility  corporate  tax  rate  income  mobility  UK  David  Cameron  Toff  Privileged  Establishment  policy  folly  policy  error  short-term  thinking  short-term  view  capital  gains  income  tax  globalization  globalisation  added  value  value  creation  differentiate  differentiation  borderless  competitive  competition  competitiveness  flat  world  tax  evasion  tax  avoidance  Conservative  Party  budget  deficit 
august 2015 by asterisk2a
China's Devaluation Becomes Japan's Problem - Bloomberg View
The worsening economy, which voters hoped Abe would have sorted out by now, doesn't help. Inflation-adjusted wages dropped 2.9 percent in June, a sign Monday's second-quarter gross domestic product report for the may be truly ugly. [...] After 961 days, all Abenomics has really achieved is a sharply weaker yen, modest steps to tighten corporate governance and marketing slogans asking companies to hire more women. [...] If Japan offers a cautionary tale, it's that weaker currency alone isn't the answer. If Abe had used the yen's 35 percent plunge since late 2012 to good effect -- passing big reforms on labor flexibility, import tariffs, tax policy, supporting startups, reducing red tape -- Japan might not be facing the prospect of another recession. [ Japan's experience is a red flashing warning light for UK, US and especially Germany. ie uncompetitive Zombie corporations held alive with NIRP, ZIRP, and future new normal low interest rate environment. Where is growth? Silicon Valley. ]
Japan  economic  history  Abenomics  BOJ  2015  China  Yuan  RMB  currency  debasement  currency  war  devaluation  fiscal  policy  QE  ZIRP  NIRP  liquidity  trap  monetary  policy  deflationary  deflation  globalisation  globalization  secular  stagnation  western  world  UK  USA  Europe  Germany  Lohnzurückhaltung  lohndumping  Makers  competitive  competitiveness  Exportweltmeister  competitive  advantage  competition  flat  world  New  Normal  Richard  Koo  Developing  Frontier  Markets  borderless  global  trade  global  economy  balance  sheet  recession  consumer  confidence  debtoverhang  debt  servitude  sovereign  debt  crisis  Super  Cycle  financial  crisis  zombie  banks  zombie  corporations  zombi  banks  creative  destruction  Silicon  Valley  technological  progress  skill-biased  technological  change  Software  Is  Eating  The  Mobile  Creatives  Mobile  Future  of  Work  deleveraging  asset  bubble  Wall  Street  reflation  reflate  hunt  for  yield  asset  allocation  inflation  targeting  Fed  BOE  PBOC  ECB  monetary  transmission  mechanism  monetary  theory 
august 2015 by asterisk2a
China's currency devaluation could spark 'tidal wave of deflation' | Business | The Guardian
[3rd day in a row Yuan/RMB is devalued by PBOC (13/08/15)] “We’re all going to feel it: we’ll feel it through commodities; we’ll feel it through manufactured goods exports, not just from China but from everywhere that has to compete with it; and we’ll feel it through wages.” [...] China could be willing to let the yuan depreciate by as much as 25% over the next five years – “stone by stone, step by step” – in an attempt to restore the export-led growth that was such a winning formula [...] China [may be] trying to protect itself against the period of financial instability [following Taper by western central banks Fed/BOE] [or counter $ recent rise 21% & peg against $] [or fight home grown recession with kitchen sink] // &! bloom.bg/1gC8FFe &! bloom.bg/1WkMfZZ &! bloom.bg/1hy7O9l &! bloom.bg/1NpE4FI &! bv.ms/1IKB3fX // what is the new normal 4 growth in this global economy, competitive = keeping prices low = inflation & low interest rate pressure.
yuan  RMB  PBOC  China  devaluation  deflationary  deflation  UK  USA  Europe  Exportweltmeister  competition  competitive  competitiveness  Lohnzurückhaltung  lohndumping  secular  stagnation  western  world  globalisation  globalization  commodities  commodity  business  commoditization  Germany  Asia  Latin  America  borderless  flat  world  wage  growth  wage  stagnation  inflation  expectation  inflation  targeting  wage  pressure  productivity  output  gap  recovery  GFC  economic  history  New  Normal  hunt  for  yield  Great  Moderation  fiscal  policy  monetary  policy  QE  ZIRP  NIRP  Taper  unintended  consequences  unknown  unkown  complexity  Industrial  Revolution  2.0  IMF  SDR  currency  war  disinflation  inflation  wage  inflation  Japan  Australia  Oil  price  energy  price  Developing  Frontier  Markets  Forex  USD  British  Pound  Euro  Yen  BOJ  BOE  Fed  ECB  Bank  of  Canada  asset  bubble  macroprudential  policy  asset  allocation  productive  investment  underinvestment  business  investment  2015 
august 2015 by asterisk2a
Jaguar Land Rover urged to give assurances over 36,000 British jobs | Business | The Guardian
[ Tories economic policy for the future is the small state, and nothing else, its the short-term dogma and ideology of the Tories. ] // JLR said it had turned down other locations in Europe, the US and Mexico in favour of Nitra because of a strong supply chain and good infrastructure. Poland has claimed that Slovakia offered high state subsidies to win the factory, which it was not prepared to match. Slovakia has already attracted Germany’s Volkswagen, South Korea’s Kia and France’s PSA Peugeot Citroën, which together build hundreds of thousands of cars in the country each year. The average hourly labour cost in Slovakia is below €10 (£7), less than half that of Britain, according to Eurostat figures. The plant could help reduce JLR’s reliance on Britain, where it had to offer an improved pay and pensions deal last year to avoid strike action.
capitalism  profit  maximisation  Wall  Street  shareholder  value  competitiveness  UK  industrial  policy  added  value  Manufacturing  STEM  George  Osborne  budget2015  Makers  austerity  ideology  dogma  David  Cameron  education  policy  vocational  education  Student  Maintenance  Grant  working  poor  precarious  work  poverty  trap  child  poverty  social  mobility  income  mobility  Gini  coefficient  OECD  IMF  fairness  Generationengerechtigkeit  Public  Services  Services  microeconomic  policy  fiscal  policy  short-term  thinking  short-term  view  Career  Politicians  No  Representation  globalisation  competitive  competition  competitive  advantage  outsourcing  Tories  Conservative  Party  Toff  Privileged  Establishment  general  election  2015  election  campaign  promises  propaganda  corporate  state  corporate  media  PR  spin  doctor  populism  manufactured  consent 
august 2015 by asterisk2a
Google CFO Ruth Porat Brings Fiscal Discipline - Bloomberg Business
- hire of Porat makes doubly sense in light of restructuring for the future to Alphabet Inc. holdings // w competition left and right, change in landscape, Europe antitrust, failed Google X project, and other failed acquisitions and internal (new) product launches ... making people able to move in a new landscape. Google is now and has been now for some time, the target for everyone.
Google  Inc.  Google  Google  Search  Alphabet  Inc.  conglomerate  Wall  Street  shareholder  value  profit  maximisation  competitive  competitiveness  Agile  capitalism  Don't  be  evil  Google  X  Google  Capital  Google  Ventures  Android  Sundar  Pichai  self-driving  cars  autonomous  car  Google  Fiber  Project  Loon  Makani  Nest  Labs  YouTube  Calico  business  management  R&D  competition  Google  Glass  Google  Wallet  Google  Play  Google  News 
august 2015 by asterisk2a
Google Creates New Company Called Alphabet, Restructures Stock - Bloomberg Business
[ Cracking under Wall Streets pressure ] The new structure [ holding company ] will give greater clarity into how Google invests in various ventures, including driverless cars, high-speed Internet service and health-related technologies. It also makes it easier to make any future acquisitions or potential divestments. [...] Sundar Pichai, Page’s deputy, will be promoted to become CEO of Google Inc., which generates the bulk of the company’s $60 billion in annual revenue. Omid Kordestani will transition from his role as chief business officer to become an adviser to Alphabet and Google. “Sergey and Larry will be able to allocate their time differently between the core and non-core businesses,” “You have Sundar focusing on the core business, and you will have Larry and Sergey kind of looking at the future growth businesses.” [...] [Larry Page] “Our company is operating well today, but we think we can make it cleaner and more accountable.” [ Google Inc. = Search worlds information. ]
Google  conglomerate  Wall  Street  shareholder  value  profit  maximisation  Alphabet  Inc.  Google  Search  Google  Inc.  capitalism  Don't  be  evil  Google  X  Google  Capital  Google  Ventures  Android  Sundar  Pichai  self-driving  cars  autonomous  car  Google  Fiber  Project  Loon  Makani  Nest  Labs  YouTube  Calico  business  management  R&D  competitive  competition  competitiveness  Agile  Google  Glass  Google  Wallet  Google  Play  Google  News 
august 2015 by asterisk2a
Access To Startup Skills Threatened By U.K. Visa Review | TechCrunch
[ unable to move fast, execute fast ] Startups of course rely on filling vacancies by bringing skills from abroad — given it may be the only way to obtain relevant expertise when you’re working in such nascent areas. [...] According to the MAC’s call for evidence, the proposed changes being considered by the government include some potentially radical measures — such as: significantly raising the salary threshold; restricting which job roles are eligible; and removing the right for dependents of visa holders to be able to work in the U.K. [ salaries threshold, NHS already cried out loud foul as many foreign nurses would have to leave it threshold would be set at about 34-35 minumum earnings. ] [...] “The majority don’t… and several of the respondents said it’s already too complicated and expensive for us to go through that process,” he notes. [...] “populist politics” could pose a threat the U.K.’s digital economy [... quality of life in London less than in other US cities ...]
skill-biased  technological  change  UK  London  Start-up  Scene  ecosystem  skills  gap  job  market  labour  market  Supply  and  Demand  Demand  and  Supply  borderless  flat  world  HR  human  resources  hiring  lesson  advice  scaling  work  visa  immigration  productivity  output  gap  STEM  industrial  policy  David  Cameron  Tories  Conservative  Party  general  election  2015  election  campaign  promises  UKIP  sentiment  populism  propaganda  education  policy  European  Union  talent  pool  Europe  Scene  war  for  talent  Makers  Career  Politicians  No  Representation  competitive  competitiveness  competitive  advantage  competition  execution  digital  economy 
august 2015 by asterisk2a
Greenspan: Be Afraid of Pending Bubble in Bond Market - Bloomberg Business
what is the new normal interest rate? // 7min long bloom.bg/1gteMeO - UK and USA productivity (levels at rate of zero growth) and output gap, capital investment inadequate - into unproductive investment bc of hunt for yield, bc of outlook of secular stagnation for western world and structural impediments, imbalances, and faultlines, and also because of fiscal and political uncertainty, and demographic bubble and ageing population in western world. future customers/consumers are not in western world, they are to be found right now in the developing world and frontier markets. // we are currently in an environment where we don't know what the new normal interest rate is, because of distortions and incomplete information:
Taber  bond  bubble  2015  QE  ZIRP  NIRP  unintended  consequences  unknown  unkown  recovery  globalisation  globalization  Software  Is  Eating  The  World  competition  competitive  competitiveness  borderless  flat  deflationary  deflation  secular  stagnation  western  Richard  Koo  balance  sheet  recession  technological  progress  creative  destruction  deleveraging  debtoverhang  Career  Politicians  austerity  fiscal  policy  monetary  policy  underinvestment  productive  investment  STEM  developed  demographic  bubble  ageing  population  Frontier  Markets  Developing  World  economic  history  hunt  for  yield  asset  allocation  Group  behaviour  behavioral  economics  behavioral  finance  financial  incentive  incentive  structural  imbalance  Impediments  faultlines  incomplete  information  complexity  OPEC  Europe 
august 2015 by asterisk2a
UK interest rate rises - waiting for lift-off | Business | The Guardian
In 2018 – by when, bear in mind, most of the work of austerity is expected to have been done – Miles calculates that fiscal consolidation will still drag interest rates downwards by more than 0.75% compared to what would otherwise be the case. This is one of the factors explaining the (commonly held) assumption that interest rates will approach a “new normal” over the next few years that is likely to be about half as high as the 5% that prevailed pre-financial crisis. Even in the second half of the parliament this “fiscal headwind” will still be blowing strong. [...] The case for introducing more transparency isn’t mere technocratic trimming. The balance struck between monetary and fiscal policy has big consequences. There are obvious distributional implications (all else equal, mortgage holders win; savers lose). There are ramifications too for the capital allocation process, the current account, and the risk of an asset-bubble. The list goes on: the macro-mix matters.
BOE  Taper  austerity  fiscal  policy  monetary  policy  ZIRP  NIRP  QE  UK  economic  history  recovery  fiscal  stimulus  monetary  stimulus  Mark  Carney  2015  balance  sheet  recession  debtoverhang  deleveraging  savings  rate  consumer  debt  sovereign  debt  crisis  household  debt  debt  monetisation  debt  monetization  private  debt  credit  card  mortgage  market  discretionary  spending  disposable  income  macroeconomics  macroprudential  policy  macroeconomic  policy  microeconomic  policy  current  account  deficit  Makers  policy  folly  policy  error  Career  Politicians  No  Representation  short-term  thinking  short-term  view  David  Cameron  George  Osborne  IMF  OECD  Toff  dogma  ideology  neoliberalism  neoliberal  fairness  Establishment  Privileged  asset  bubble  hunt  for  yield  asset  allocation  speculative  bubbles  Funding  for  Lending  Scheme  Help  to  Buy  Scheme  housing  market  affordable  housing  STEM  education  policy  industrial  policy  globalization  globalisation  competitiveness  competitive  competition  competitive  advantage  London  Westminster  distortion 
august 2015 by asterisk2a
Scotland's growth engine lacks oil - BBC News
New jobs are being created, but nothing like as fast as in England. The net growth has been almost entirely in female employment over last year. That's been welcomed. But it suggests something's going wrong for men, without it being clear precisely what that is. As often noted, the quality of jobs remains a problem - zero hours, temporary, part-time, skills underused and many wanting to work more hours than they can get. And the ITEM Club returns to concerns that some sectors face skill shortages, which could push up pay for some without it being backed by higher productivity.
productivity  human  capital  Zero  Hour  Contract  part-time  labour  market  labour  economics  UK  Scotland  job  creation  recovery  output  gap  2015  Future  of  Work  vocational  education  practical  skills  practical  skill  set  Mobile  Creatives  Mobile  Creative  globalisation  globalization  borderless  flat  world  competitiveness  competitive  competitive  advantage  competition  education  policy  underemployed  employability  No  Representation  Career  Politicians  policy  folly  policy  error  short-term  thinking  short-term  view 
june 2015 by asterisk2a
OECD: Jugendarbeitslosigkeit und viele Zeitverträge - SPIEGEL ONLINE
35 Millionen junge Menschen sind in den OECD-Staaten ohne Job oder Ausbildung. Gut steht laut einer neuen Studie allerdings Deutschland da - aber in einem Punkt haben es die Jungen hierzulande auf dem Arbeitsmarkt besonders schwer. - http://www.oecd.org/edu/oecd-skills-outlook-2015-9789264234178-en.htm // Berufsanfänger in Deutschland erhalten so häufig wie in kaum einem anderen OECD-Land nur einen befristeten Vertrag. [...] Wer einen Zeitvertrag hat, hat auch geringere Chancen, an einer Weiterbildung teilzunehmen. Im schlimmsten Fall können durch die Befristungen daher Kompetenzen verkümmern, warnt die Organisation. [...] Besserung verspricht eine frühe Förderung und der Ausbau von Kitas: Verschiedene Studien der OECD zeigen, dass Kinder, die im Vorschulalter eine Betreuungs- oder Bildungseinrichtung besucht haben, später besser lesen und rechnen. Kinder aus benachteiligten Familien profitieren besonders stark von der frühen Förderung.
education  policy  OECD  IMF  lost  decade  lost  generation  austerity  Europe  vocational  education  underinvestment  productive  investment  Career  Politicians  GFC  recovery  income  inequality  income  growth  Gini  coefficient  neoliberal  neoliberalism  inequality  policy  error  policy  folly  short-term  thinking  short-term  view  Future  of  Work  Industrial  Revolution  2.0  globalisation  globalization  borderless  flat  world  practical  skills  practical  skill  set  Software  Is  Eating  The  competitiveness  competitive  competition  precarious  Precariat  working  poor  uncertainty  Zeitarbeit  Werkvertrag  Leiharbeit  human  capital  social  mobility  income  mobility  poverty  Services  Public  Services  childcare 
may 2015 by asterisk2a
Headline Numbers: How do you measure inequality? - BBC News
Research from the Institute for Policy Studies found that in 2014, bonuses paid to Wall Street employees had been double the total annual pay earned by all Americans who worked full-time at the federal minimum wage. I crunched the numbers and it turned out that the same was true for the UK. [...] The Office for National Statistics (ONS) had figures out on Wednesday based on the definition that people were in poverty if their income was below 60% of the median level (to find the median income, line up all the people in the country in order of income and take the middle one). It found that almost a third of the UK population had experienced poverty in at least one of the years between 2010 and 2013, which is very high by European standards. The OECD sets out a summary of what has happened to examples of all three of these measures. Across its 34 member countries, the Gini Coefficient rose gradually from 1996, fell slightly for the financial crisis and then resumed its upward path.
inequality  Gini  coefficient  income  inequality  income  growth  minimum  wage  Niedriglohnsektor  working  poor  precarious  work  Precariat  Zeitarbeit  Werkvertrag  Leiharbeit  Western  World  bonuses  bonus  compensation  package  1%  Super  Rich  squeezed  middle  class  working  class  Blue-collar  Worker  tax  code  taxation  tax  evasion  tax  avoidance  living  wage  standard  of  living  living  standard  disposable  income  discretionary  spending  UK  USA  GDP  Service  Sector  Jobs  Share  Economy  knowledge  knowledge  Mobile  Creatives  Mobile  Creative  Future  of  Industrial  Revolution  2.0  Software  Is  Eating  The  World  competition  differentiate  differentiation  borderless  flat  globalisation  globalization  capital  gains  Wall  Street  recovery  ZIRP  NIRP  QE  TARP  POMO  bailout  Career  Politicians  No  Representation  democracy  lobbyist  lobby  Lobbying  Workers  Union  presidency  barackobama  revolving  door  Washington  trust  confidence  poverty  child  poverty  poverty  in  old  age  food  poverty  income  distribution  income  mobility  income  redistribution  downward  mobility  social  mobility  austerity  welfare  welfare  state  Services  Public  Services  social  safety  net  IMF  OECD  GFC  social  tension  social  cohesion 
may 2015 by asterisk2a
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