asterisk2a + g20   57

Amazon fires: Merkel and Macron urge G7 to debate 'emergency' - BBC News
Satellite data published by the National Institute for Space Research (Inpe) has shown an increase of 85% this year in fires across Brazil, most of them in the Amazon region.

Conservationists say Mr Bolsonaro has encouraged loggers and farmers to clear the land. - The Amazon in Brazil is on fire - how bad is it? - Amazon rainforest fires: Ten readers' questions answered
Amazon  Amazonas  Rainforest  Brazil  Bolsonaro  Soya  G7  G20  Klimakatastrophe  climatecatastrophe  meat 
august 2019 by asterisk2a
The Biggest Real Estate Bubble Of All Time Just Did The Impossible | Zero Hedge
There are two things at work here. The natural resource distortion to the real economy. And the Super Rich and Criminals and Asia/China who are desperate to divest and park their riches in democracies and rule of law and hard "assets"
Canada  bubble  property  Super  Rich  1%  money  laundering  Asia  China  Russia  Brazil  corruption  G20  speculation  speculative  London  CAD  immigration  Student  Plutocracy  Oligarchy  tax  evasion  avoidance  QE  ZIRP  NIRP  unintended  consequences  Fed  BOE  ECB  organised  crime  war  on  drugs  natural  resources 
june 2017 by asterisk2a
The Era of American Global Leadership Is Over. Here’s What Comes Next | TIME
G-Zero Book // it has become unavoidably obvious that the transition toward a leaderless world is now complete. The G-zero era I first predicted nearly six years ago is now fully upon us. No matter how long Trump remains in the White House, a crucial line has been crossed. The fallout will outlive his presidency, because Trump has proved that tens of millions of Americans like this idea.
G8  G7  G20  world  police  DonaldTrump  Donald  Trump  foreign  policy  affairs  foreignaffairs  book 
december 2016 by asterisk2a
Müllers Memo: Die Globalisierung darf nicht scheitern - SPIEGEL ONLINE
Das alte Spiel ist im Gange. Ein Land versucht sich Vorteile im internationalem Wettbewerb zu verschaffen. Andere Länder ergreifen Gegenmaßnahmen - und schießen dabei nicht selten übers Ziel hinaus. Bis die nächste Reihe von Handelshürden errichtet wird.
neoliberal  neoliberalism  G20  Free  Trade  TTIP  TTP  NAFTA  CETA  Chicago  School  neoclassical  globalisation  globalization  deregulation  liberal  economic  reform  Centrist  Centrists  Brexit  Donald  Trump  AfD  Front  National  Protectionism  recovery  GFC  bank  bailout  sovereign  debt  crisis  confidence  fairy 
september 2016 by asterisk2a
A tax inspector calls
That's why the unsnappily-titled Joint International Tax Shelter Information and Collaboration network (JITSIC) is gathered in Paris, under the umbrella of the (cumbersomely-monickered) Organisation for Economic Co-operation and Development (OECD).
This so-called 'rich countries club' has been given the task of pursuing the erosion of countries tax bases by multi-national corporations. That much has been agreed by the G7 developed nations group, and the wider G20.
And in researching this, the OECD has come up with some fairly startling findings about the extent to which multi-nationals game the system. [...] As I noted before, they reckon that between $100bn and $240bn of corporate tax goes unpaid because of these accounting practices
Panama  Papers  HMRC  tax  amnesty  tax  avoidance  tax  evasion  IMF  OECD  multinational  conglomerate  offshore  banking  budget  deficit  shareholder  capitalism  crony  capitalism  capitalism  in  crisis  capitalism  austerity  squeezed  middle  class  working  poor  G8  G20 
april 2016 by asterisk2a
PanamaPapers: Eine Quelle - 400 Journalisten | NDR
// eng version - PanamaPapers: One Source, 400 Journalists - ... min 10 ... this is also about terrorism, war crimes, arms dealers, money laundering, drug lords money, ... ... Greed has no concience. a paralell world. ... >> !!! min 24: many names ie in Germany can't be named because they are not public people and or that there is no evidence of criminal activity (used legal loophole to "avoide" tax). << Same every other country. That is why these papers won't be published raw searchable like Wikileaks. << !!! //&! Panama Papers - die Doku - April.2016 #panamapapers - Steueroasen Briefkastenfirmen mossack fonseca - //&!
Panama  Papers  tax  amnesty  tax  avoidance  tax  evasion  investigative  journalism  journalism  journalismus  War  on  Drugs  arms  trade  money  laundering  War  on  Terror  NSA  CIA  FBI  white-collar  crime  Bahamas  CaymanIslands  Cayman  Islands  Luxembourg  Whistleblower  corruption  bribery  G20  G8  IMF  OECD  economic  damage 
april 2016 by asterisk2a
Obama calls for international tax reform amid Panama Papers revelations
"a lot of it is legal" ... they are not poorly designed the laws have been designed by the revolving door of corporate lawyers and lobbyists. // We are not all in this together.
austerity  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  G20  G8  tax  loopoles  lobby  revolving  door  Career  Politicians  Party  Funding  barackobama  George  Osborne  IRS  HMRC  white-collar  crime  corporate  governance  accounting  scandal  corporate  scandal  offshore  banking  income  tax  receipts  corporate  tax  rate  fairness  Super  Rich  1%  oligarchy  plutocracy  nasty  Tories  Conservative  Party  Google  Inc.  Westminster  Toff  Privileged  Establishment  No  Representation  democracy  squeezed  middle  class  poverty  trap  Precariat  disenfranchise  disenfranchised 
april 2016 by asterisk2a
David Graeber on a Fair Future Economy - YouTube
13:30 - BOE paper, austerity claims are bogus. the confidence fairy et al //&! The truth is out: money is just an IOU, and the banks are rolling in it David Graeber. The Bank of England's dose of honesty throws the theoretical basis for austerity out the window - - What this means is that the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow. Government spending is the main driver in all this (and the paper does admit, if you read it carefully, that the central bank does fund the government after all). So there's no question of public spending "crowding out" private investment. It's exactly the opposite.
austerity  BOE  David  Graeber  George  Osborne  economic  history  Schuldenbremse  IMF  OECD  G20  recovery  aggregate  demand  IOU  Mark  Carney  underinvestment  productivity  output  gap  job  creation  monetary  theory  monetary  policy  monetary  system  Fiscal  Pact  Wolfgang  Schäuble  NIRP  ZIRP  QE  policy  book  Richard  Koo  secular  stagnation 
march 2016 by asterisk2a
Central bankers on the defensive as weird policy becomes even weirder | Business | The Guardian
Growth is tepid, productivity is poor, and inflation is too low: all is not going according to policymakers’ masterplans [...] As far as the OECD is concerned, monetary policy is being forced to take too much of the strain. Its chief economist Catherine Mann made the point that lasting recovery required three things: stimulative monetary policy; activist fiscal policy; and structural reform. The OECD wants the second of these ingredients to be added to the recipe in the form of increased spending on public infrastructure, something it says would more than pay for itself at a time when governments can borrow so cheaply.
monetary  policy  G20  fiscal  policy  monetary  stimulus  monetary  system  monetary  transmission  mechanism  liquidity  trap  UK  western  world  USA  Japan  Abenomics  George  Osborne  Angela  Merkel  Wolfgang  Schäuble  Pact  Schuldenbremse  economic  history  recovery  secular  stagnation  productivity  underinvestment  MarioDraghi  ZIRP  NIRP  QE  ECB  BOE  Fed  Taper  deflationary  deflation  nominal  GDP  targeting  inflation  targeting  zombie  banks  MervynKing  zombie  corporations  zombie  consumer  Richard  Koo  Gini  coefficient  inequality  squeezed  middle  class  wage  stagnation  discretionary  spending  distortion  property  bubble  disposable  income  productive  investment  austerity  business  confidence  foreign  direct  investment  consumer  debt  household  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  policy  folly  policy  error  short-termism  Career  Politicians  neoliberalism  neoliberal  trickle-down  economics  self-regulation  City  of  London  investment  banking  retail  banking  OECD  IMF  KennethRogoff  hot-money  hunt  for  yield  asset  bubble  asset  allocation  speculative  bubbles  speculative  speculation  reflate  reflation  financial  repression  New  Normal  trust 
march 2016 by asterisk2a
Chinese central bank chief hints at more stimulus for slowing economy | Business | The Guardian
China still has more room and tools in its monetary policy to tackle the slowdown, People’s Bank governor Zhou Xiaochuan tells G20 finance meeting
China  credit  bubble  aggregate  demand  austerity  western  world  G20  fiscal  policy  monetary  policy 
march 2016 by asterisk2a
Energy price slump sends eurozone into deflation - BBC News
Energy drove the decline, with prices down 8% in February compared to a 5.4% slide in January. The dismal figures have dashed hopes that ECB efforts to boost prices were working. That raises the chance of the bank announcing further stimulus measures next month. It has already announced a cut to its bank deposit rate, which remains in negative territory. ECB chief Mario Draghi insisted earlier this month the policies were working. [...] The Group of 20 (G20) finance ministers and central bankers agreed on Saturday to use "all policy tools, monetary, fiscal and structural - individually and collectively" to renew growth. //&! Eurozone economy grows 1.5% in 2015 - 12 February 2016 &! Eurozone growth forecast cut to 1.7% - 4 February 2016
Europe  European  Union  deflationary  deflation  Fiscal  Pact  zombie  banks  liquidity  trap  ZIRP  NIRP  QE  ECB  MarioDraghi  monetary  policy  Richard  Koo  Angela  Merkel  Wolfgang  Schäuble  monetary  transmission  mechanism  Schuldenbremse  austerity  2016  economic  history  recovery  secular  stagnation  demographic  bubble  ageing  population  babyboomers  Germany  policy  OMT  TLTRO  LTRO  George  Osborne  G20  UK  sovereign  debt  crisis  PIGS  Japan  Abenomics  BOJ  BOE  Mark  Carney 
march 2016 by asterisk2a
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich - SPIEGEL ONLINE
Weltwirtschaft: Ökonomen halten Ende des Wachstums für unvermeidlich [...] Ein Beispiel: Wenn das Bruttosozialprodukt eines Landes 10 Milliarden Euro beträgt und um eine Milliarde Euro wächst, dann entspricht das einer Steigerung von zehn Prozent. Wenn das BIP aber 1000 Milliarden Euro beträgt, dann müsste die Wirtschaft schon um 100 Milliarden Euro wachsen, um ein Wachstum von zehn Prozent zu schaffen. Wächst das BIP wie vorher um eine Milliarde Euro, entspricht das nur noch einer Steigerung von 0,1 Prozent. Die Wirtschaft wäre dann sozusagen ausgewachsen. Die alten Zeiten kehren nicht mehr zurück [...] Sollten die Ökonomen recht haben, hätte das für Staat und Sozialsysteme einschneidende Folgen: Die Planung von Bundeshaushalt oder Rentenkasse geht von einem Wachstum irgendwo zwischen ein und zwei Prozent pro Jahr aus. [...] Die Wirtschaft "unabhängiger vom Wachstum gestalten"
G20  George  Osborne  UK  austerity  Europe  Schuldenbremse  Fiscal  Pact  Germany  Wolfgang  Schäuble  Angela  Merkel  secular  stagnation  Richard  Koo  aggregate  demand  budget  deficit  economic  history  finite  resources  resource  depletion  economic  growth  global  economy  policy  monetary  policy  policy  error  policy  folly  Japan  Abenomics  demographic  bubble  ageing  population  AI  artificial  intelligence  Robotics  self-driving  cars  autonomous  car  structural  unemployment  unemployment  long-term  unemployment  youth  unemployment  productivity  output  gap  squeezed  middle  class  Precariat  working  poor  low  pay  low  income  precarious  work  Zero  Hour  Contract  Contractor  underinvestment  marginal  cost  competitiveness  energy  policy  energy  price  flat  world  borderless  globalization  globalisation  economics  of  abundance  post-capitalism  Larry  Summers  Gini  coefficient  inequality  Super  Rich  1%  plutocracy  oligarchy  democracy  social  democracy  Soziale  Marktwirtschaft  trickle-down  economics  dogma  ideology  free  market  self-regulation  neoliberalism  neoliberal  education  policy  income  inequality  GDP  nominal  GDP  targeting  inflation  targeting  liquidity  trap  credit  bubble  distortion  ZIRP  NIRP  QE  USA 
february 2016 by asterisk2a
China's vice fin min: Fiscal policy should play a role globally
China's Vice Finance Minister Zhu Guangyao. China recognizes risks facing global economy. China to try to coordinate with G20 on global economy. Fiscal policy should play a role, not just monetary policy.
G20  fiscal  policy  austerity  monetary  policy  economic  history  IMF  OECD  Richard  Koo  George  Osborne  David  Cameron  recovery  credit  bubble  USA  UK  European  Union  Pact  Schuldenbremse  secular  stagnation  western  world 
february 2016 by asterisk2a
Gordon Brown - Where Did It All Go Wrong ? - YouTube
Crash Gordon ( The Financial Crisis) - - the city generated 1/4 of all corporation tax income at its height! the city as a cash cow, that money was being redistributed into public & social services during the heyday. public spending increased from 40% of GDP to 48 (supported by the city cash cow). & the illusion 2 have a grip on boom & bust. convinced by 10 years of non-inflationary growth of the economy (thinking that labour made it). // BOE gov king was more concerned with the moral hazard of bailing out bad players (northern rock at this time) than with financial stability. northern rock was taken into public ownership under gordon brown. // 3 of the 5 largest banks in the world are British banks & each of them has a balance sheet larger than the uk economy. we are talking 5 times the British economy being the responsibility of the British tax payer. // & leading up to that infamous G20 meeting mervynking said there is no fiscal space 4 expansion
GordonBrown  GFC  bank  bailout  Labour  Party  economic  history  political  economy  political  error  political  theory  UK  NorthernRock  Career  Politicians  MervynKing  BOE  FSA  Positioning  Tories  Conservative  Party  George  Osborne  Vince  Cable  austerity  fiscal  policy  fiscal  stimulus  monetary  policy  monetary  theory  G20  tax  evasion  tax  avoidance  expense  scandal  Westminster 
january 2016 by asterisk2a
Steuererhöhung: Nur für wen? - manager magazin
Cayman Islands, Ireland und Co sind aber nicht teil der G20. Duh. Und wo bitte ist beim sparen der progressive steuer satz? // Nun denkt Schäuble laut darüber nach, die Abgeltungsteuer abzuschaffen. Denn der automatische Informationsabgleich über Auslandskonten in den G20-Staaten rückt immer näher, 2017 soll es soweit sein. Der deutsche Fiskus wüsste also auch über Auslandskonten Bescheid. Erst am Donnerstag vergangener Woche beschloss der Bundestag ein entsprechendes Gesetz. Mit dabei sind mehr als 60 Staaten, darunter auch Luxemburg und die Schweiz. Bei soviel Transparenz wird Steuerhinterziehung schwierig. // Für Steuersünder werden die Verstecke weniger -
Wolfgang  Schäuble  capital  gains  tax  capital  gains  tax  evasion  tax  avoidance  offshore  banking  G20  fairness  Generationengerechtigkeit  income  distribution  income  redistribution  tax  code  inequality  Gini  coefficient  white-collar  crime  investment  banking  Career  Politicians  No  Representation  austerity  Angela  Merkel  neoliberalism  neoliberal  trickle-down  economics 
november 2015 by asterisk2a
IRS Tells Coke It Owes $3.3 Billion - YouTube
// they use infrastructure, human capital, etc etc have to pay their share! not use and abuse. No Career Politician is principles to rep people and bring down the hammer with an ultimatum and say either you pay ur taxes and do business. or you don't. don't pay your taxes and you are barred from doing business here.
IRS  HMRC  tax  evasion  UK  USA  tax  avoidance  Wall  Street  shareholder  value  profit  maximisation  corporate  tax  rate  fairness  Generationengerechtigkeit  budget  deficit  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  democracy  social  cohesion  social  tension  social  contract  political  theory  crony  capitalism  capitalism  globalization  globalisation  G20  Principle  character 
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
G20-Gipfel in Brisbane: Die wichtigsten Beschlüsse - SPIEGEL ONLINE
Wachstum: Mit einer Art Fünfjahresplan wollen die Staatenlenker die Wirtschaft ankurbeln. [...] Steuertricks: Beim Versuch, Steuerschlupflöcher für internationale Konzerne zu schließen, kommen die G20 nur langsam voran. Sie billigten zwar den ersten Teil eines Aktionsplans, mit dem Vermeidungsstrategien der Konzerne ein Riegel vorgeschoben werden soll. Ein Vorstoß von EU-Kommissionspräsident Jean-Claude Juncker, rasch einen automatischen Austausch über die Praktiken zwischen Staaten festzuschreiben, lief beim Gipfel aber ins Leere. Frühestens 2017 oder sogar erst Ende 2018 soll in den führenden Wirtschaftsnationen eine solche Vereinbarung greifen.
G20  tax  evasion  tax  avoidance  No  Representation  Career  Politicians  Lobbying  lobbyist  lobby  recovery  offshore  banking  TTIP 
november 2014 by asterisk2a
BBC News - TTIP: Cameron pledges support for EU-US trade deal
David Cameron has pledged to put "rocket boosters" behind plans for an EU-US free trade deal. The UK prime minister said EU and US leaders had met and all agreed the Transatlantic Trade and Investment Partnership (TTIP) "is a deal we want". Speaking at the G20 summit, he said arguments against TTIP were "weak" and fears over the NHS were "nonsense". Many opponents are concerned about TTIP giving firms power to sue governments if they are hit by policy changes. Len McCluskey, general secretary of the Unite union, has called for the NHS to be excluded from the deal. The EU is currently analysing responses to a consultation on a controversial element of TTIP which would allow foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company's interests.
TTIP  David  Cameron  Angela  Merkel  G20  crony  capitalism  profit  maximisation  flat  world  globalization  globalisation  worldtrade  Lobbying  lobbyist  lobby  Career  Politicians  short-term  thinking  short-term  view  Wall  Street  accountability  transparency  oversight  corporate  governance  governance  Political  ethical  machine 
november 2014 by asterisk2a
Is This What A Bursting Bubble Looks Like? - YouTube
- bear market, not a 2008/09 decline, more like a lost decade of little productivity growth and very very slow closing of the still existing output gap. - companies benefit form technological progress (accelerating); get more done with less people. +++
asset  bubble  hunt  for  yield  unintended  consequences  ZIRP  QE  liquidity  trap  NIRP  unconventional  monetary  policy  monetary  policy  Fed  ECB  BOE  BOJ  GFC  recovery  greatdepression  greatrecession  2014  lost  decade  productivity  output  gap  G20  G  Zero  G8  Europe  USA  UK  complexity  unknown  unknowns  Taper  deflation  deflationary  globalisation  globalization  flat  world  working  poor  squeezed  middle  class  middle  class  skill-biased  technological  change  technological  progress  knowledge  worker  knowledge  economy  economic  history  history  faultlines  Structural  Impediments  unemployment  deficit  imbalance  global  imbalances  sovereign  debt  crisis  Super  Cycle  debt  bubble  debt  jubilee  debt  monetization  debt  monetisation  default  demographic  bubble  speculative  bubbles  signal  vs  noise  noise  dysfunctional  marketplace  efficiencies  market  dynamics  market  intervention  financial  market  market  failure  market-failure  lost  generation  lostdecade  lostgeneration  currency  debasement  fiat  currency  fiat  money 
july 2014 by asterisk2a
Bill and Melinda Gates' 2014 Stanford Commencement Address - YouTube
min 17 in - about not having a better future for our kids. the thing is, the lowest hanging fruits have been eaten. now there only the hard things left to to, hard because they seem so remote from here, hard because they are worthwhile pursuing despite setbacks. renewable energy, curing diseases, sustainability in lots of quadrants - energy, food & water, environment, democracy & more or less striving for equality - social and income mobility. End: >> Luck, that could be me, empathy, leadership, ...
Public  Policy  STEM  technical  literacy  technical  illiteracy  education  Mobile  Creative  Mobile  Creatives  social  mobility  income  mobility  Career  Politicians  Politics  Year  of  Code  G20  flat  world  globalisation  globalization  competitive  advantage  competitiveness  competitive  comparative  advantage  comparative-advantage  advice  Public  Good  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  Gini  coefficient  digital  divide  digital  natives  digitalnatives  inequality  income  inequality  accountability  short-term  thinking  long-term  thinking  long-term  view  democracy  Democratic  Process  Vision  communication  language  leadership  Bill  Gates  AIDS  tuberculosis  child  poverty  food  poverty  environmental  disaster  ecological  disaster  climate  change  empathy  innovator  innovation  Bill  &  Melinda  Gates  Foundation  optimism  luck  equality  health  health 
july 2014 by asterisk2a
BBC News - Global refugee figures highest since WW2, UN says
The number of people living as refugees from war or persecution exceeded 50 million in 2013, for the first time since World War Two, the UN says.
humanity  humanitarian  crisis  Syria  Iraq  Middle  East  war  refugee  refugee  Africa  genocide  G20  G  Zero  UNO  Security  Council  UN  UNO  developed  world  Europe  USA  Asia  history  uncertainty  civil  war  extremism  Islamic  State  radicalism  radicalism  Russia  diplomacy  foreign  policy  foreign  affairs  third  world  countries  democracy  Islamic  Law  Law  &  Justice  Law  property  rights 
june 2014 by asterisk2a
Paxman interviews economist Thomas Piketty - Newsnight - YouTube
IT IS ALL A MATTER OF DEGREE. thus you have to marry liberalism & conservatism, throw the junk out. u get liberal-conservatism. The rise of the working poor & squeezed middle class had not been good 4 economic growth & vitality. || +Thomas Piketty on Wealth, Income and Inequality >> watch?v=zytqTSh3oGw || + || + << Edward Conard WRONG! || +++ What the 1% Don't Want You to Know with Paul Krugman - watch?v=QzQYA9Qjsi0 "All men are created equal" NO MORE. 'commanding heights' >> + market income inequality vs disposable income inequality ... "We live in such an ugliness in America." || Wealth Concentration is a agglomeration of Politica & Public Policy Power. || + Robert Reich >> v=q-rpkZe2OEo || v=heOVJM2JZxI
Thomas  Piketty  economic  history  inequality  income  inequality  income  mobility  social  mobility  Gini  coefficient  gender  inequality  gender  equality  equality  book  extremism  extrem  economics  ethics  moral  beliefs  trickle-down  economics  corporate  governance  governance  democracy  Politics  Career  Politicians  lobby  Lobbying  lobbyist  Political  System  accountability  transparency  income  redistribution  wealth-distribution  transferring-wealth  wealth  distribution  GDP  Super  Rich  property  rights  crony  capitalism  capitalism  working  poor  squeezed  middle  class  middle  class  josephstiglitz  Joseph  Stiglitz  paulkrugman  Paul  Krugman  Robert  Reich  disposable  income  wealth  redistribution  transfering  wealth  social  safety  net  Grundeinkommen  tax  credit  tax  free  income  Unconditional  Basic  UBE  progressive  kalte  Progression  coldprogression  history  trustagent  distrust  trust  confidence  Mobile  Creatives  Mobile  Creative  skill-biased  technological  change  skill  skills  capital  skills  knowledge  worker  White-collar  Blue-collar  taxevasion  taxavoidance  net  wealth  offshore  banking  extreme  concentration  of  wealth  happiness  happiness  index  G  Zero  G20  global  registery  of  financial  assets  corruption  job  creation  on  job  training  job  market  Patrimonialism  patrimonial  capitalism  eureka  wealth  working  inher 
may 2014 by asterisk2a
Mr Soros Trumps Mrs Watanabe | Zero Hedge
>> the world is selling their Yen holdings and or bet against the Yen. >> the last few months have seen not Mrs Watanabe (euphemistically selling her JPY to find better returns elsewhere) but the likes of Mr. Soros and Mr. Bass who see the endgame disorderly collapse of a currency (or perhaps it is the rest of the G7 central bankers unwinding JPY-based reserves to 'help' their fellow central planner out). The bulk of JPY selling pressure has come during non-Tokyo trading hours, as the Japanese, until last week at least, appear much more timid about Abenomics' chances of success. + >>
currency  debasement  QE  JGB  currency  war  G7  debt  monetisation  G8  Yen  ZIRP  BOJ  currency-war  G20  Abenomics  centralbanks  debt  monetization 
april 2013 by asterisk2a
G-20 Targets Too Big to Ignore Economies as Growth Will Outweigh Shocks - Bloomberg
plan to spot imbalances in individual economies such as large trade gaps, and prescribe policies to fix them before they harm global growth. For now, the recovery is “broadening and becoming more self-sustained” even as unrest in the Middle East and North Africa, as well as Japan’s earthquake and tsunami, raise “uncertainty” about the outlook, policy makers said.
The economies named are “too big to ignore,” said Steven Englander, head of Group of 10 currency strategy at Citigroup Inc. The G-20 is “approaching a situation where there are common principles for them all and that those who deviate from them will be called to the dock.”

The focus of the discussions was the G-20’s new surveillance system for the world economy, of which it represents 85 percent. The goal is to foster balanced international growth after skewed trade and investment flows -- reflected in China’s $3 trillion foreign reserves and U.S. trade deficits -- helped trigger financial turmoil.
G20  2011  faultlines 
april 2011 by asterisk2a
At Asia-Pacific Forum, Geithner Defends U.S. Policy -
He said that capital inflows into emerging markets were a vote of confidence in their fast-growing economies, and that a healthy American economy would benefit all its trading partners. “I think that confidence is justified,” he said, “and something that should be welcomed. It does come with pressures, and they’re going to have to manage those pressures.”

But Asian countries remained concerned about the effect of American policy.

“In the long term, there’s a hope that capital inflows will become good investments, but in the short term, they work to strengthen local currencies and that’s a problem,” the Japanese finance minister, Yoshihiko Noda, told reporters here. He said that Japan would work particularly closely with emerging economies in Southeast Asia to find solutions.
QE-2.0  Fed  timgeithner  G20  APEC  Brazil  currency  currencies  devaluation  2010  monetary  policy  Dollar  China  hot-money  Japan 
november 2010 by asterisk2a
Geologists And Tech Industry Leaders Fear Mineral Trade Wars Imminent
“China is preparing to build 330 giga-watts worth of wind generators. That will require about 59,000 tons of neodymium to make high-strength magnets — more than that country’s annual output of neodymium. China supplies the world with a lot of those rare earth elements, like neodymium, and will have little or none to export if it moves ahead with its wind power plans…So the source for the West is problematical.”

Earlier this month, during the East Asia Summit, Chinese officials told U.S. Secretary of State Hillary Clinton that Beijing aims to be a reliable minerals supplier and would not impose bans on exports of industrial minerals for political purposes.
rare-earths  foreignaffairs  China  Japan  G20  politics  tradewar  commodities  2010  export  manufacturing 
november 2010 by asterisk2a
Brazil wants IMF-led FX manipulation index-report | Reuters
* Brazil's Mantega to propose FX manipulation index at G20

* Idea is to identify currency manipulators-report

* Could support eventual action at WTO

BRASILIA, Oct 28 (Reuters) - Brazil's Finance Minister Guido Mantega will propose at the Group of 20 nations meeting next month that the International Monetary Fund create an index measuring currency manipulation, local media reported on Thursday.

The idea is to identify who is keeping their currency artificially low to boost exports, Mantega said, lending support to eventual actions against illegal subsidies at the World Trade Organization.
Brazil  currency  intervention  capital-controls  IMF  WTO  G20  hot-money  ZIRP 
october 2010 by asterisk2a
G-20 Leaders Pledge to Avoid Currency War -
Moving to shore up the “fragile and uneven” recovery, officials from the world’s 20 biggest economies promised Saturday to refrain from weakening their currencies, agreeing to let the markets exert more influence in setting foreign exchange rates.

The officials also decided to give fast-growing countries a greater say at the International Monetary Fund, which monitors nations’ fiscal and monetary policies, an acknowledgment that the fund’s credibility required more representation from these nations. They also strengthened the I.M.F.’s role in assessing whether G-20 members were meeting their commitments.
G20  2010  currency  dollar 
october 2010 by asterisk2a
Cameron Takes Skeptical Approach to G-20 -
In an opinion piece Mr. Cameron writes that the intentions of such global forums "rarely seem to come to fruition in real, tangible global action." Mr. Cameron adds that he hopes to pursue "immediate and relatively simple steps" that can be achieved through bilateral deals with countries, such as on trade. He adds that the U.K.'s main priority is to hear each country getting their "national finances under control."

This week, for example, Britain set out an aggressive plan of spending cuts and tax increases to rein in its deficit, one of the largest in the world. Its deficit-cutting approach comes against the advice of President Barack Obama and others attending the G-20 who say it risks undercutting the global economic recovery.

Speaking to reporters en route to Toronto, Mr. Cameron said the G-20 has "shown it has a role on the global economy." Nonetheless, he was critical of the inability of such gatherings—particularly the G-8—to deliver on stated pledges.
G20  G8  2010  toronto  davidcameron  budget  2011  recession  sovereign  debt 
june 2010 by asterisk2a
Sparprogramme der Regierungen: Europas 870-Milliarden-Euro-Schrumpfkur - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Hamburg - Der Satz klang sperrig, hatte es aber in sich. "Der Zeitpunkt und die Geschwindigkeit der Haushaltskonsolidierung in jedem Land müssen zu den Bedürfnissen der Weltwirtschaft passen", schrieb US-Präsident Barack Obama im Vorfeld des G-20-Gipfels fein säuberlich an seine Kollegen in den wichtigsten Machtzentralen der Welt.

Hinter der lapidaren Feststellung steckt die große Sorge der US-Regierung, dass sich die Weltwirtschaft noch immer nicht so richtig von ihrem dramatischen Einbruch im vergangenen Jahr erholt hat. Die Botschaft aus Washington lautet deshalb: Es wäre besser, liebe Europäer, ihr würdet noch ein bisschen länger auf Pump leben und damit die Nachfrage ankurbeln, als übereifrig zu sparen.
barackobama  usa  europe  angelamerkel  G20  toronto  G8  spending  recovery  recession  2010 
june 2010 by asterisk2a
Merkel Rejects Call for Germans to Spend -
Chancellor Angela Merkel roundly rebuffed U.S. President Barack Obama's call for Germans to aid the global recovery by spending more and relying less on exports, even as she warned that Europe's own financial crisis is far from over.

In an interview with The Wall Street Journal an unapologetic Ms. Merkel said the nations that share the beleaguered euro have merely bought some time to fix the flaws in their monetary union. She called the G20 meeting in Toronto this weekend to send a signal that tougher financial-market regulation is on its way to dispel the impression that momentum is fading amid resistance by big banks.

She took aim at an idea voiced by France, the U.S. and others that Germany should help global producers by spurring its persistently weak consumer demand and ending its dependence on unsustainable spending elsewhere. a letter last Friday Obama to the G20, in which he asked big exporters to rebalance global demand by boosting consumer spending.
export  Germany  Japan  China  spending  USA  G20  Toronto  2010  angelamerkel  policy  barackobama  global  rebalancing  economy 
june 2010 by asterisk2a
G-20 Clash Over Recovery Risks ’Sub-Potential’ Growth (Update1) -
At a meeting of Group of 20 finance chiefs in Busan, South Korea, June 4-5, Treasury Secretary Timothy F. Geithner said the world cannot again bank on the cash-strapped U.S. consumer to drive growth and urged other nations to stimulate their own demand. European Central Bank President Jean-Claude Trichet said fiscal tightening in “old industrialized economies” would aid the expansion by shoring up investor confidence.

Each strategy carries threats for the global rebound that the G-20 said faces “significant challenges.” Continued stimulus risks bondholder revolt over rising debt burdens, while spending cutbacks could worsen unemployment. Relying on exports leaves the world prone to trade wars and competitive currency devaluations as countries seek to give their companies an edge.

Each strategy carries threats for the global rebound that the G-20 said faces “significant challenges.” Continued stimulus risks bondholder revolt over rising debt burdens, while spending cutbacks coul
G20  june  fiscal  monetary  policy  greatrecession  tobin-tax  banking  recession  2010  recovery  demand  growth  Europe  timgeithner  germany  USA  PIIGS  austerity  capital  liquidity  basel2  export  exports  currency  currencies  euro  yen  dollar  yuan  protectionism  economics 
june 2010 by asterisk2a
Währungskrise: Euro rutscht unter 1,19 Dollar - SPIEGEL ONLINE - Nachrichten - Wirtschaft
Der Euro stürzt ab. Die Gemeinschaftswährung fällt zum Wochenbeginn zeitweise unter 1,19 Dollar - und ist damit so schwach wie zuletzt im März 2006. Als Grund nennen Börsianer die Angst vor einer Staatspleite Ungarns.

Tokio - Die Furcht vor einem Übergreifen der Schuldenkrise auf Ungarn hat den internationalen Börsen einen schwachen Start beschert: Die Börsen-Indizes sanken deutlich - in Tokio rutschte der Nikkei um 3,8 Prozent ab. Hongkong meldete minus 2,5 Prozent und Seoul minus 2,7 Prozent.


Auch der Euro verliert weiter an Wert: Die europäische Gemeinschaftswährung fiel an der Börse in Tokio zeitweise auf einen Wert von 1,1888 Dollar - und ist damit so schwach wie seit März 2006 nicht mehr.
hungary  euro  Europe  PIIGS  EMU  june  2010  greatrecession  G20 
june 2010 by asterisk2a
Morgan Stanley fears UK sovereign debt crisis in 2010 - Telegraph
While the report – “Tougher Times in 2010” – is not linked to the Dubai debacle, it is a reminder that countries merely bought time during the crisis by resorting to fiscal stimulus and shunting private losses onto public books. The rescues – though necessary – have not resolved the underlying debt problem. They have storied up a second set of difficulties by degrading sovereign debt across much of the world.

The UK failed to put aside money in the fat years to offset this time-honoured fiscal cycle. It ran a budget deficit of 3pc of GPD at the peak of the boom when prudent countries such as Finland and even Spain were running a surplus of over 2pc.

“We need to raise VAT to 20pc and make seriously dramatic cuts in services that go beyond anything that Alistair Darling or David Cameron are talking about. Nobody seems to have the courage to face up to this,” said Mr Buik.
sovereign  debt  crisis  G10  G20  europe  greece  iceland  dubai  uk  2009  2010  MorganStanley  report  VAT  taxes  rating  ratingagencies  interestrate  double-dip  recession  recovery  GDP 
december 2009 by asterisk2a

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