asterisk2a + great   84

British overseas territories in talks to keep tax haven secrecy | World news | The Guardian
Leaders of British overseas territories are to hold two days of showdown talks with ministers in an attempt to reverse the UK government’s decision to end secrecy for offshore tax havens.

British Virgin Islands (BVI), Bermuda, Cayman Islands and Turks and Caicos Islands,

An unexpected vote by MPs at the beginning of May to impose public registers of share ownership in all the BOTs has triggered angry resistance including street protests, boycotts of the Queen’s birthday celebrations, and even demands for constitutional separation.
UK  Tories  tax  evasion  Great  Britain  offshore  avoidance  taxevasion  taxavoidance  HMRC  Europe  heaven  British  Virgin  Islands  Bermuda  Cayman 
june 2018 by asterisk2a
Brexit may leave holes in UK equality laws · PinkNews
The report comes after former Minister for Women and Equalities Nicky Morgan warned that leaving the EU may cause a ‘legal tangle’ for equality legislation.
She said: “I would think that LGBT rights are so mainstream and respected by the majority of people in this country that that wouldn’t happen.
“But one of the things that hasn’t really been explored is the legal tangle that will result if we were to leave the EU. Some of the anti-discrimination provisions that come from the EU, that we have adopted into UK law… what happens to those?”
UK  Equality  Act  2010  LGBT  Transgender  discrimination  Great  Repeal  Bill  Brexit  nasty  party  Tories  Conservative  Religion  ECHR  far-right  right-wing  UKIP  alt-right  White  Supremacy  No  Representation  CJEU  workers  rights  trade  union  neoliberalism  crony  capitalism 
april 2017 by asterisk2a
Plastic from tyres 'major source' of ocean pollution - BBC News
Particles of debris from car tyres are ending up in the ocean as "plastic soup", conservationists warn.
Microplastics from tyres and textiles are a bigger source of marine pollution than the breakdown of larger plastic waste in some areas, says the IUCN.
Up to 30% of plastic released into the oceans each year comes from primary microplastics, not the disintegration of larger pieces, a report found.
Debris from tyre abrasion and synthetic fabrics are the main sources, they say.
food  chain  pollution  water  Great  Pacific  Garbage  Patch  plastic 
february 2017 by asterisk2a
The far right in Britain – video explainer | World news | The Guardian
Fascism was supported by Daily Mail during 30s proposing to ally w rising Hitler. // "dont need to win elections to have impact on our streets."
far-right  UK  Great  Britain  right-wing  Nationalism  Fascism  anti-Semitism  Immigration  hate  speech  crime  Racism  UKIP  deprivation  poverty  working  poor  BNP  EDL  neo-Nazi  Hooligan  Hooliganism  European  Union  Brexit  PEGIDA  alt-right  White  Nationalist 
november 2016 by asterisk2a
Here's Why All Pension Funds Are Doomed, Doomed, Doomed
Given that both The Economist and The Wall Street Journal have covered the impossibility of pension funds achieving their expected returns, this reality cannot be a surprise to anyone in a leadership role. [...] Here's problem #1 in a nutshell: the average public pension fund still expects to earn an average annual return of 7.69%, year after year, decade after decade.

This is roughly triple the nominal (not adjusted for inflation) yield on a 30-year Treasury bond (about 2.65%). The only way any fund manager can earn 7.7% or more in a low-yield environment is to make extremely high risk bets that consistently pay off. //&! Millennials are first gen to have earned less in their 20's than previous gens. - bit.ly/2a9M98K
ZIRP  NIRP  QE  unintended  consequences  pension  obligation  triple-lock  pension  babyboomers  Baby  Boomers  demographic  bubble  ageing  population  hunt  for  yield  life  insurance  insurance  industry  monetary  policy  Helicopter  Money  monetary  theory  bond  bubble  Richard  Koo  liquidity  trap  economic  history  recovery  Fed  BOE  ECB  Abenomics  western  world  Japan  BOJ  pension  fund  Beton  Gold  Betongold  property  bubble  asset  allocation  funds  allocation  asset  bubble  Pensioner  pension  scheme  secular  stagnation  austerity  deflation  deflationary  Confidence  Fairy  IMF  OECD  credit  boom  credit  bubble  New  Normal  Great  Moderation  economic  harm  economic  damage  reflate  reflation  equity  bubble  distortion 
july 2016 by asterisk2a
Yanis Varoufakis: »MONEY AND POWER«, Public Lecture 2015-11-04
3rd bailout loan $0 went to Greece. All to pay off banks. extend & pretend. 1st: ~90% went to the banks. [...] ESM does not exist [...] banking union plan not progressing at all. //&! Yanis Varoufakis @Oxford Union - youtu.be/zWB6lY2GBjQ - ACADEMIA LACKS ANTI-ESTABLISHMENT ATTITUDE! Because going against the grain has become anti-reputation. [...] it's all about expectations, predictions about where S&P500 will be in 12 months. [...] regression between theory and reality. economists have never been humble. [ see Wall Street cottage factory of analysis and prediction shops ] [...] if you torture the data and model enough it will confess. [< EU monetary union based on theory ] [...] [34:00] Brussels is technically incompetent and will not reform itself. I am a libertarian marxist. Schumpeter. true creative destruction. great wealth currently created - all going to 1%. = not humanitarian. not democratic. [...] 41:00 Q&A, <48:50> gov budget not same as household budget; George Osborne.
bank  crisis  banking  crisis  European  Election  2014  sovereign  debt  crisis  austerity  Grexit  Yanis  Varoufakis  Tsipras  Syriza  Brussels  Wolfgang  Schäuble  Angela  Merkel  GFC  Great  Depression  credit  crisis  credit  creation  Super  Cycle  debt  overhang  liquidity  trap  ECB  Troika  MarioDraghi  economic  history  Richard  Koo  leverage  recovery  deflation  deflationary  Fiscal  Pact  Schuldenbremse  Germany  underinvestment  Super  Rich  reflate  reflation  Generationengerechtigkeit  1%  oligarchy  plutocracy  No  Representation  Career  Politicians  balance  sheet  recession  Euro  Gold  Standard  ESM  IMF  OECD  banking  union  EEA  Economics  Academia  Academics  Economists  Scholars  Soziale  Marktwirtschaft  income  distribution  inequality  Gini  coefficient  Gesellschaft  society  Yanis  Varoufakis  financial  crisis  economic  model  econometrics  social  theory  monetary  union  Chicago  School  poverty  economic  history  austerity  George  Osborne  David  Cameron  UK  nasty  party  Richard  Koo  macroeconomics  macroeconomic  policy  macroprudential  policy  aggregate  demand  Capital  Expenditure  income  tax  receipts  deflation  deflationary  Universal  Basic  class  warfare 
april 2016 by asterisk2a
Sustainability or Prosperity? Why Not Both? | PolicyCast
describes the rapidly growing field of sustainability science, which combines a variety of disciplines in both the hard and social sciences to find paths towards a sustainable future. //&! Book Pursuing Sustainability: A Guide to the Science and Practice – (2016) by Pamela Matson, William C. Clark, Krister Andersson. //&! http://www.hks.harvard.edu/news-events/publications/insight/international/william-clark &! https://scholar.google.co.uk/citations?user=LkLCmQwAAAAJ&hl=en &! http://earthsky.org/human-world/william-c-clark-defines-sustainable-development &! Jeffrey Sachs - Global Cooperation and Sustainable Development - youtu.be/cRWtRh3yLI0 &! "Common Wealth: Economics for a Crowded Planet." - youtu.be/n3kzzVP2c7w &! Jeffrey Sachs: "The Price of Civilization" - youtu.be/_G6SYmQ0swg - profoundly underestimated globalization's long-term effects: jobs, incomes, poverty, and the environment.
sustainability  sustainable  macroeconomic  policy  microeconomic  policy  underinvestment  public  health  global  warming  economic  damage  GDP  Generationengerechtigkeit  fairness  extreme  weather  weather  extreme  unknown  unknowns  unintended  consequences  crony  capitalism  shareholder  capitalism  Wall  Street  No  Representation  Career  Politicians  air  pollution  water  pollution  noise  pollution  pollution  mass  extinction  ecological  damage  environmental  damage  livestock  farming  industrial  agriculture  policy  folly  short-term  thinking  short-termism  short-term  view  social  value  policy  error  ecological  footprint  carbonfootprint  deforestation  soil  erosion  climate  change  climate  crisis  book  society  Wertegesellschaft  Wegwerfgesellschaft  Jeffrey  Sachs  Movement  environmental  disaster  environment  environmentalism  resource  depletion  finite  resources  Pesticides  fungicide  herbicide  colony  collapse  disorder  Great  Pacific  Garbage  Patch  Great  Barrier  Reef  drought  Ozone  politician  Fossil  fuel  industry  Food  Politics  carbon  tax  COP21  planning  law  building  code  renewable  energy  energy  policy 
april 2016 by asterisk2a
Plastic bottle litter on beaches up 43%, conservationists say
Conservationists say they found 160 plastic bottles for every mile of UK coastline cleaned last year.
The Marine Conservation Society said more than 8,000 bottles were picked up during its Great British Beach Clean Up in September, up 43% on 2014.
It wants deposit return schemes, which give money back to people who return empty bottles, to encourage recycling.
More than 6,000 volunteers collected and recorded litter along 340 beaches across the UK.
The MCS said putting a charge on the bottles of up to 20p, which gets refunded when they are returned, would change behaviour, and called for the UK government to explore the potential of such a scheme.
recycling  waste  management  plastic  nation  plastic  bag  Petroleum  Industry  Wegwerfgesellschaft  ecological  damage  environmental  damage  microbeads  Great  Pacific  Garbage  Patch  deforestation 
march 2016 by asterisk2a
Plastic waste in Pacific Ocean washed up on Hawaii beach - in pictures | Guardian Sustainable Business | The Guardian
A new report released at Davos highlights some startling facts about the huge environmental and resource impacts of a fast growing plastics industry - bit.ly/1QebFEW
plastic  nation  plastic  bag  plastic  Great  Pacific  Garbage  Patch  fossil  fuel  Wegwerfgesellschaft  Petroleum  Industry  pollution  ecological  disaster  environmental  disaster 
february 2016 by asterisk2a
Interview With Mohamed El-Erian: Masters in Business (Audio) by Bloomberg View
7:50 New Normal is secular stagnation and decades-long NIRP, ZIRP, QE distortion. structural, secular. no cyclical recovery. but long secular challenges; prolonged period of low growth. // also inequality! // currently policy makers subsidise debtors, subsidise creditors - financial repression. promote risk taking. // richard koo would not agree with el-erian's notion that gov balance sheets are same as household balance sheets. // 12:10 demographic issue! political. and economic elements in it of secular stagnation. [...] borrowing growth // rise of far-right! // corps sitting on cash // inequality! // bc of lived in artificial world of borrowed growth, created massive divergence. // min 15:30 richard koo would not agree that central banks are the only game in town. central banks have complained abt austerity gov. // min 20 - Feds intellectually inflexible. comfort zone. self-regulation & great moderation. // reflation didnt work bc no fixed fundamentals // perfect storm! lost trust.
New  Normal  financial  repression  NIRP  ZIRP  QE  economic  history  secular  stagnation  GFC  credit  bubble  book  western  world  emerging  middle  class  debtoverhang  Richard  Koo  deleveraging  debt  servitude  Super  Cycle  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  KennethRogoff  carmenreinhart  sovereign  debt  crisis  austerity  Paul  Krugman  Gini  coefficient  inequality  Joseph  Stiglitz  distortion  monetary  policy  fiscal  policy  monetary  transmission  mechanism  liquidity  trap  unconventional  monetary  policy  monetary  theory  monetary  system  retirement  demographic  bubble  ageing  population  far-right  Rechtsextremismus  Rechtsruck  zombie  consumer  zombie  corporations  zombie  banks  Pact  Schuldenbremse  tax  avoidance  tax  evasion  inflation  targeting  inflation  expectation  nominal  GDP  targeting  GDP  reflate  reflation  trust  trustagent  distrust  business  confidence  consumer  confidence  public  sentiment  public  perception  bank  bailout  Japan  Abenomics  AIIB  IMF  China  BRIC  self-regulation  Great  Moderation 
february 2016 by asterisk2a
Fred Block: The Tenacity of the Free Market Ideology - YouTube
Fred Block discusses his book “The Power of Market Fundamentalism,” which extends the work of the great political economist Karl Polanyi to explain why free market dogma recovered from disrepute after the Great Depression and World War II to become the dominant economic ideology of our time. // wo state role there would be no market system. // need social democracy in complex diverse society - representing people // freedom in complex diverse society = free of hunger and economic uncertain & freedom of nonconformity - protections, no marginalisation, no economic punishment // social democracy and free market are both Utopias // Thatcher & Co blaming State for malaise! nobody likes technocratic arguments, leaves public out, thus was able to make big return. // wealth creation through efficiency route takes more work and capital than predation (rentier/rent seeking) - ie relaxing fuel efficiency savings regulation for Detroit back in the days // trust that state can support innovation
economic  history  freemarkets  free  market  neoliberalism  self-regulation  neoliberal  book  macroprudential  policy  macroeconomic  policy  microeconomic  policy  Chicago  School  USA  UK  social  democracy  capitalism  dogma  ideology  austerity  trickle-down  economics  globalization  globalisation  borderless  flat  world  Greed  boom  and  bust  crony  capitalism  plutocracy  oligarchy  Super  Rich  1%  democracy  revolving  door  Career  Politicians  No  Representation  social  mobility  American  Dream  meritocracy  meritocratic  Alain  de  Botton  philanthropy  profit  maximisation  shareholder  value  Wall  Street  Gini  coefficient  income  mobility  education  policy  welfare  state  social  safety  net  Supply  and  Demand  market  economy  Demand  and  Supply  JohnMaynardKeynes  keynes  Keynesianism  GFC  Great  Moderation  Great  Depression  Utopia  Ronald  Reagan  Margaret  Thatcher  rentier  rent-seeking  predation  financial  product  wealth  creation  R&D  STEM  productive  investment  productivity  output  gap  public  investment  underinvestment  infrastructure  investment  competitive  competitiveness  M&A 
january 2016 by asterisk2a
Everything We Think We Know About Addiction Is Wrong - YouTube
substance abuse as form of self-medication and coping mechanism - due to their environment they live in. It's the cage you live in. Unhealthy bonds - vs - Healthy bonds. Crisis of disconnection. Social vs Individual recovery!
addiction  neurobiology  neurology  neuroscience  substance  abuse  mental  health  mental  illness  well  being  Perspective  Perspektivlosigkeit  happiness  index  happiness  deprivation  poverty  poverty  trap  child  poverty  Escapeism  Entertainment  work  environment  living  environment  coping  mechanism  self-medication  human  nature  mobile  homescreen  zombie  consumer  War  on  Drugs  Psychiatry  psychology  sociology  working  poor  precarious  work  Precariat  stigma  rat  race  western  world  western  society  status  symbol  status  anxiety  book  consumerist  consumerism  Great  Depression  food  abuse  alcohol  abuse  alcoholism 
january 2016 by asterisk2a
Plastikmüll erreicht Arktis: 2,7 Millionen Tonnen im Meer vermutet - SPIEGEL ONLINE
Eigentlich wollten die Polarforscher Meeressäuger und Seevögel beobachten - doch dann zählten sie auch Müll. Selbst im Hohen Norden treibt Kunststoffschrott im Wasser und wird zur Gefahr für die dort lebenden Arten.
mass  extinction  ecological  disaster  environmental  disaster  plastic  nation  plastic  bag  Great  Pacific  Garbage  Patch  pollution  recycling  waste  waste  management  public  awareness  public  perception  public  discourse  public  debate  visibility  Policy  Makers  Nudge  theory  public  interest  public  image  sustainability  sustainable 
october 2015 by asterisk2a
How Soviet pollution destroyed the Aral Sea - BBC News
[ one example. doesn't mean its the last one ] In October 1990 Western scientists confirmed the virtual disappearance of the Aral Sea in Soviet Central Asia, formerly the fourth largest inland sea in the world.The loss of sea water was the result of 60 years of intensive agriculture and pollution by the Soviet authorities. It is considered the biggest manmade loss of water in recorded history. The surrounding areas were devastated. Local fisherman watched as the shore gradually receded and fish stocks ran out. Local children fell victim to respiratory illnesses. Professor Denys Brunsden, of London's King's College, was one of the first Western scientists to visit the Aral Sea in 1990. //&! Volunteers map UK coastline for industrial damage - bbc.in/1GSy6ZT - science led management; new artificial strip on coast changed things and beach stripped itself of sand ... //&! Beach litter 'increasing', says Marine Conservation Society - bbc.in/1xat2Q6
Aral  Sea  regulation  pollution  ecological  disaster  environmental  disaster  self-regulation  industrial  agriculture  agriculture  industry  agriculture  policy  Desertification  soil  erosion  coastal  erosion  deforestation  unknown  unkown  unintended  consequences  complexity  mass  extinction  global  warming  climate  change  sustainability  sustainable  Wall  Street  profit  maximisation  shareholder  value  Aquifer  water  rights  water  scarcity  water  supply  water  security  drinking  water  water  pollution  plastic  nation  recycling  Great  Pacific  Garbage  Patch  Ocean  acidification  warming  heavy  metal  pollution  crony  capitalism  capitalism  exploitation 
october 2015 by asterisk2a
How humans are driving the sixth mass extinction | Environment | The Guardian
Scientists have been warning for decades that human actions are pushing life on our shared planet toward mass extinction. Such extinction events have occurred five times in the past, but a bold new paper finds that this time would be fundamentally different. Fortunately, there’s still time to stop it.
mass  extinction  ecological  disaster  environmental  disaster  climate  change  global  warming  pollution  water  pollution  heavy  metal  pollution  Great  Pacific  Garbage  Patch  plastic  nation  ocean  warming 
october 2015 by asterisk2a
Plastic bag charge in Scotland sees usage cut by 80% - BBC News
[ the plastic bag chage, 5p, is not enough, should be 50p and seen as penalty! thus it is the little brother of Sugar/Processed Food/junk food/fast food/and animal product taxation (extra levies) to show people every day when they show that they know this is more expensive now because this has to pay for my sick days in later life, like insurance premium for risky behavior, to fund NHS! Even seeing it as carbon tax and environmental levy because of how dirty animal products are! ]"It's now becoming second nature to shoppers to reuse their carrier bags and hopefully to think more about our impact on the environment." [...] Asda witnessing a drop of 90% and Sainsbury's 100% as it no longer offers them to shoppers. [...] The policy came into being in Scotland on 20 October last year and England introduced charging at the beginning of this month.
nanny  state  taxation  surcharge  convenience  public  awareness  public  perception  public  opinion  Policy  Makers  Group  behaviour  behavioral  economics  behavioral  finance  peer  pressure  peer  behavior  behaviour  consumer  choice  paradox  of  choice  lobbyist  lobby  Lobbying  sick  population  chronic  diseases  NHS  private  medical  insurance  insurance  premium  health  crisis  health  care  health  care  budget  public  health  health  self-regulation  regulation  regulators  revolving  door  vested  interest  interest  groups  Standard  American  Diet  Nudge  theory  Western  pattern  Whole-Food  Plant-Based  Diet  Vegan  plastic  nation  plastic  bag  Great  Pacific  Garbage  Patch  climate  change  global  warming  ecological  disaster  environmental  disaster  carbon  tax  carbon  trading  scheme  carbonfootprint  carbonemission  emissions 
october 2015 by asterisk2a
Paris climate summit: UN negotiations 'need redesign' - BBC News
[ only bottom up works ... till the tide is big enough. same with health and fitness (which in part has to be about looking good/fit). self-esteem. ] The UN climate negotiations are heading for failure and need a major redesign if they are to succeed, scientists say. The pledges that individual countries are offering ahead of the Paris climate summit in December are too entrenched in self interest instead of being focussed on a common goal. The researchers say the science of cooperation is being ignored. Instead, they say the negotiations should focus on a common commitment on the global price of carbon. This means countries would agree on a uniform charge for carbon pollution, a scheme that would encourage polluters to reduce their emissions. The comments from researchers at the University of Cambridge, UK, University of Maryland, US, and University of Cologne, in Germany, are published in the journal Nature. //&! bbc.in/1jYOUtz
United  Nations  UN  climate  change  bottom  up  consumer  choice  climate  crisis  global  warming  pollution  ecological  disaster  environmental  disaster  negotiation  national  interest  Wall  Street  shareholder  value  profit  maximisation  shared  economic  interest  Public  Good  zombie  consumer  selfish  gene  Selbstdarstellung  Selbstfürsorge  Career  Politicians  Kyoto  No  Representation  self-interest  self-improvement  self-actualization  awareness  perception  Great  Pacific  Garbage  Patch  recycling  hyperlocal  local  NHS  health  sick  population  nanny  state  intrinsic  motivation  health  policy  health  care  budget  health  care  spending  health  crisis  Autonomy  Mastery  Purpose  Self-esteem  carbonemission  carbonfootprint  emissions  carbon  tax  carbon  pricing  carbon  trading 
october 2015 by asterisk2a
SEASPIRACY: What You Should Know About Fish, The Ocean, and More! - YouTube
fish pellets (heavy metals) are fed to on land livestock. ... do you know what is fed to your beef? fish pellets?! GMO crop!? what you piece of meat has been treated with (antibiotics, medication, supplements, etc)?! no. no disclosure. no transparency. no accountability. //&! http://nutritionfacts.org/?s=fish
mass  extinction  Overfishing  Fish  Industry  Ocean  acidification  warming  ecological  disaster  environmental  disaster  economic  damage  tourism  coral  reef  pollution  heavy  metal  pollution  water  pollution  climate  change  global  warming  coastal  erosion  extreme  weather  weather  extreme  climate  system  climate  science  climate  crisis  flash  floods  flooding  Carnism  sustainability  sustainable  omnivore  Food  Chain  carbonemission  carbonfootprint  emissions  Wall  Street  profit  maximisation  shareholder  value  corporate  scandal  Livestock  farming  ethical  killing  Poultry  Industry  Meat  Industry  GMO  crop  GMO  deforestation  soil  erosion  Great  Pacific  Garbage  Patch  plastic  nation  plastic  bag  Mercury  toxin  lobbyist  lobby  Lobbying  Positioning  cholesterol  dietary  cholesterol  public  health  policy  public  health  health  care  budget  health  care  spending  health  policy  health  crisis  sick  population 
october 2015 by asterisk2a
How can plastic bag addiction be cured? - BBC News
From Monday large shops in England will charge 5p for each plastic bag. But how did shoppers get so used to free carrier bags in the first place, asks Chris Stokel-Walker. //&! bit.ly/1RgOTfj - Perhaps the crisis of conscience has eased and people have got used to the idea of their wastefulness again. The charge is clearly needed. But will it work? And does it go far enough? [ 5p isn't a pain, 50p probably. because then its seen (perceived) as overpriced/rip-off. but the consumer does not see, is not aware of the actual current cost and long-term cost to the environment, ecology, and knock-on economic damage of cleaning it up in 20-30 years because we have to to save the planet! where are the behavioural economic experiments when you need them? ] - make video arguing for a 50p price tag and study from dan ariely to conduct such a study.
plastic  bag  plastic  nation  Great  Pacific  Garbage  Patch  Petroleum  Industry  economic  damage  public  awareness  public  perception  public  discourse  public  debate  sustainability  sustainable  Policy  pollution  Good  ecological  disaster  environmental  disaster  mass  extinction  water  pollution  air  pollution  landfill  carbonfootprint  carbonemission  emissions 
october 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
credit  bubble  austerity  business  cycle  debt  cycle  financial  cycle  Super  economic  cycle  productivity  income  growth  wage  growth  wage  stagnation  output  gap  economics  disposable  income  discretionary  spending  economic  history  living  standard  standard  of  living  gender  pay  gap  reflate  reflation  asset  bubble  equity  bubble  China  USA  2015  speculative  bubbles  secular  stagnation  stagnation  deflationary  deflation  household  debt  government  debt  public  debt  debt  servitude  student  loan  debt  consumer  debt  debtoverhang  balance  sheet  recession  deleveraging  sovereign  debt  crisis  debt  bubble  student  debt  debt  monetisation  debt  monetization  private  debt  GFC  recovery  Richard  Koo  liquidity  trap  NPL  excess  reserves  zombie  banks  zombie  consumer  debt  restructuring  QE  ZIRP  NIRP  debt  jubilee  greatrecession  Great  Depression  budget  deficit  Super  Rich  Polarisation  Thomas  Piketty  tax  evasion  tax  avoidance  fairness  inequality  Gini  coefficient  social  cohesion  social  tension  social  contract  Career  Politicians  Joseph  Stiglitz  Paul  Krugman  Robert  Reich  Mark  Blyth  income  redistribution  income  inequality  income  mobility  social  mobility  capital  gains  tax  tax  code  corporate  tax  rate  lost  decade  lost  generation  neoliberalism  neoliberal  globalization  globalisation  western  world  developed  world  Europe  competitiveness  competition  competitive  flat  world 
september 2015 by asterisk2a
Plastikmüll: Bald 95 Prozent aller Seevögel betroffen - SPIEGEL ONLINE
Forscher schlagen Alarm: Die meisten Seevögel haben bereits jetzt Plastikreste im Magen. Im Jahr 2050 könnten bis zu 95 Prozent aller Tiere betroffen sein. Die Wissenschaftler fordern eine bessere Müllentsorgung.
ecological  disaster  plastic  bag  plastic  nation  Great  Pacific  Garbage  Patch  environmental  disaster  pollution  water  pollution 
september 2015 by asterisk2a
Nasa-Simulation: So gelangt Plastik zu den Müllkippen der Meere - SPIEGEL ONLINE
In fünf riesigen Müllstrudeln im Ozean sammeln sich zig Millionen Tonnen Plastik. Eindrucksvolle Simulationen der Nasa zeigen nun, wie der Abfall dorthin gelangt.
Great  Pacific  Garbage  Patch  plastic  nation  plastic  plastic  bag  ecological  disaster  environmental  disaster 
august 2015 by asterisk2a
Crash bei Dax und Dow: Das war's mit Illusion Nummer drei - SPIEGEL ONLINE
Solange die Weltwirtschaft brummt, kann eine einzelne Volkswirtschaft ihre Währung so lange abwerten, bis sie wieder wettbewerbsfähig ist und der Aufschwung fast von alleine kommt. Globale Krisen funktionieren anders. Die Weltwirtschaft insgesamt kann nicht abwerten. Sie kann nur produktiver werden, aber nicht wettbewerbsfähiger. Da alle großen Wirtschaftsregionen der Welt - USA, Euroraum, Russland, China, Japan und Südostasien - ihre Mega-Krisen in den letzten zwei Jahrzehnten hatten, gibt es auch keinen Unversehrten mehr, der die Rolle einer weltwirtschaftlichen Lokomotive übernehmen könnte. Das Wachstum der Weltwirtschaft verlangsamt sich somit stetig. [...] Die fetten Jahre sind vorbei [...] [ Share buyback was hot in 2014/15 till now ] [...] Die Verschiebung der Macht von Arbeit zu Kapital schreitet nicht weiter fort. [ low interest rate environment bc low capital returns, new Millennials have to serve now this debt burden and can't hope to inflate it away. & stagnant wages! ]
IMF  OECD  global  economy  global  trade  globalisation  global  imbalances  globalization  borderless  flat  world  GFC  dot.com  recovery  reflate  reflation  secular  stagnation  Richard  Koo  economic  history  austerity  2015  China  USA  UK  Europe  savings  glut  structural  imbalance  distortion  QE  ZIRP  NIRP  monetary  policy  fiscal  policy  underinvestment  productive  investment  output  gap  participation  rate  productivity  Great  Moderation  New  Normal  asset  bubble  equity  bubble  speculative  bubbles  bond  bubble  property  bubble  bubbles  hunt  for  yield  liquidity  trap  monetary  transmission  mechanism  debtoverhang  debt  servitude  deleveraging  balance  sheet  recession  inflation  expectation  deflationary  deflation  Oil  price  energy  price  OPEC  Makers  policy  error  policy  folly  unintended  consequences  complexity  unknown  unkown  share  buyback  Wall  Street  profit  maximisation  shareholder  value  public  investment  infrastructure  investment  business  investment  M&A  mainstreet.org  crony  capitalism  exploitation  short-term  thinking  short-term  view  capitalism  bank  bailout  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  social  contract  political  theory  structural  unemployment  Impediments  faultlines  policy  social  l 
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
Greek banks face full nationalisation - BBC News
post-referendum, post-humiliating bailout terms of more and deeper austerity and additionally - privatisation. // [ but nobody admits that they (Greece) lost all fiscal & national sovereignty by and through the show of negotiations of the 3rd bailout. ] // &! The International Monetary Fund (IMF) has confirmed that Greece has cleared overdue debt repayments of €2.05bn (£1.4bn) and is no longer in arrears. - bbc.in/1Os3G5G // &! youtu.be/fJB4neizgUM - we expect a recession of 3-4% for 2015 and 2016. // &! youtu.be/MpFtDwp8lVo - Greek Cash Crunch Goes to Market // &! On The Streets Of The Greek Financial Crisis - youtu.be/nDfOFzAKB-w >> powerless, no future, no options but to suffer on the demands of creditors.
zombie  banks  Bank  of  Greece  Greece  ECB  capital-controls  capital-flight  ELA  MarioDraghi  greatdepression  Great  Depression  2015  creditor  debt  servitude  sovereign  debt  crisis  fiscal  sovereignty  sovereign  economic  history  European  European  Union 
july 2015 by asterisk2a
Former Greek finance minister Yanis Varoufakis says EU deal is a 'new Treaty of Versailles’ | News | The National
THE bailout deal forced upon Greece by its eurozone creditors was dubbed “a new treaty of Versailles” last night by the country’s former finance minister. [...] the deal comes with years of enforced austerity and privatisation of state assets. Yanis Varoufakis, who quit last week after falling out with his European counterparts, spoke of the “politics of humiliation”. He said the lenders were taking revenge on prime minister Alexis Tsipras. “It is an impossible deal,” he added. “A deal that is simply not viable.” [...] “This has nothing to do with economics. It has nothing to do with putting Greece back on the rails towards recovery. This is a new Versailles Treaty that is haunting Europe again, and the prime minister knows it. He knows that he’s damned if he does and he’s damned if he doesn’t.” [...] “It’s not that it didn’t go down well – there was point-blank refusal to engage in economic arguments. Point blank.
Yanis  Varoufakis  2015  Alexis  Tsipras  Syriza  Greece  Troika  Eurogroup  austerity  ideology  dogma  Angela  Merkel  IMF  Wolfgang  Schäuble  Career  Politicians  political  economy  political  science  political  theory  political  folly  political  error  economic  history  ChristineLagarde  MarioDraghi  ECB  No  Representation  European  European  Union  fiscal  policy  sovereign  debt  crisis  debt  restructuring  debt  jubilee  debtoverhang  sustainability  sustainable  bailout  zombie  banks  greatdepression  Great  Depression  Leadership  humility  Failure  insanity 
july 2015 by asterisk2a
Richard Koo: "Out of the Balance Sheet Recession and into QE 'Trap'" - YouTube
Released new book end of 2014. // Banks unable to lend money 2 unwilling (eligible) customers. Money remains on the private banks (&Central Banks in form of bonds) balance sheets/books & mostly allocated towards parking it overnight @Central Banks deposit facility (thus ECB put up a deposit levy, late into the game) or liquid fairly un(der)productive investment classes like gov bonds. // Companies (& people ie 4 education/housing) borrowing & investing (into the future, that is uncertain, unknown, deflationary)!? // 19:30 Even Abenomics is not working. Bc trauma towards Debt! behavioural economics: experience of debt servitude on less income, additional uncertainty & distrust! // Lowering corporate tax rate (like George Osborne) does not help. // Persistent low inflation expectations. // Taper extremely difficult: 2.5trn excess in long bonds. Unknown territory. Possibly future higher interest rates than fnd economic growth does warrant - adding to output gap & new normal.
2015  UK  USA  liquidity  trap  QE  ZIRP  NIRP  balance  sheet  recession  deleveraging  debtoverhang  Japan  Fed  BOE  BOJ  GFC  recovery  austerity  economic  history  economic  model  academia  deflationary  monetary  transmission  mechanism  M3  LTRO  TLTRO  lost  decade  lost  generation  fiscal  policy  monetary  policy  Career  Politicians  bond  bubble  equity  bubble  property  bubble  negative  real  interest  rate  deposit  levy  economic  growth  trickle-down  economics  secular  stagnation  headwinds  Great  Depression  PIIGSFB  PIGS  macroeconomic  policy  microeconomic  policy  economic  damage  behavioral  economics  zombie  banks  Abenomics  squeezed  middle  class  wage  growth  wage  stagnation  cash  flow  cash  flow  management  trust  distrust  long-term  view  long-term  thinking  sovereign  debt  crisis  debt  servitude  household  debt  debt  monetisation  debt  monetization  Super  Cycle  student  loan  debt  private  debt  consumer  debt  student  debt  George  Osborne  David  Cameron  competitiveness  competitive  industrial  policy  budget2015  business  investment  infrastructure  investment  demographic  bubble  uncertainty  Sozialer  Abstieg  disposable  income  discretionary  spending  Yen  JGB  Taper  greatrecession  USD  dogma  ideology  public  investment  short-term  thinking  short-term  view  productivity  output  gap  underinvestment  productive  investment  book  rate  private  savi 
july 2015 by asterisk2a
Why Greece’s European Agreement Is Not a Bailout - YouTube
'Tsipras was digging his own grave.' That he goes home now with that deal that has to be passed by Parliament, this deal after the referendum no on bailout terms less harsh, that is tough. Demuetigung by Eurogroup and Co. To go home with even more stricter terms, the people that elected him on an anti-austerity platform and gave a resounding 61% no to the bailout terms given February 2015 after the election of Syriza.
Greece  Alexis  Tsipras  Yanis  Varoufakis  Syriza  referendum  democracy  bailout  2015  Eurogroup  Angela  Merkel  creditor  Politics  economic  history  IMF  Troika  Great  Depression  Career  Politicians  Wolfgang  Schäuble  ECB  Germany  FrancoisHollande  France  Grexit  austerity  Privatisation  debt  restructuring  haircut  sovereign  debt  crisis  debt  jubilee  common  sense  common  good  solidarity  BIS  World  Bank  ChristineLagarde  Jean-Claude  Juncker  MarioDraghi  European  Union 
july 2015 by asterisk2a
Am Tiefpunkt der europäischen Nachkriegsgeschichte - Jung & Naiv: Folge 237 - YouTube
referendum yes no - was not planned through if Eurogroup would not budge to demands of lesser austerity terms. Syriza had no plan (Grexit) for this case, how it played out. Thus (Tsipras) had to accept (capitulated) any offer Eurogroup offered; privatisation of state assets with an aim to raise 50bn, no debt restructuring nor forgiveness. // This is the 3rd bailout outcome; a bailout to repay previous bailouts (EFSF, IMF, ECB) and private debt obligations. Greece (Parliament) will have to accept Eurogroup offer/demands because they were not willing to opt by their own, the worst of the worst and the unknown of Grexit. 'Darin liegt auch die Demuetigung.' //
referendum  bailout  Alexis  Tsipras  Yanis  Varoufakis  Greece  Eurogroup  Troika  IMF  ECB  Angela  Merkel  Wolfgang  Schäuble  2015  Career  Politicians  manufactured  consent  populism  corporate  state  solidarity  austerity  ideology  dogma  Great  Depression  economic  history  media  conglomerate  European  Syriza  fiscal  sovereignty  sovereign  debt  crisis  insolvent  Insolvenzverschleppung  insolvency  Grexit  liberal  economic  reform  Privatisation  democracy 
july 2015 by asterisk2a
Understanding the Financial Crisis in Greece - YouTube
In which John Green discusses the history of Greece's deficit and debt problems, the challenges of adopting the Euro and living with the Eurozone's monetary policy, and the possibility of the so-called Grexit--a Greek exit from the Euro.
Grexit  economic  history  Greece  European  Union  solidarity  Great  Depression  2015  referendum  austerity  European  Leadership 
july 2015 by asterisk2a
Killing the European Project - The New York Times
[3rd Bailout, post-referendum, even more austerity requests and liberal economic reforms and selling of state assets and privatisation - than Syriza had on its plate after it got elected on an anti-austerity platform, tried to negotioate, Eurogroup didnt budge, referendum was called and corralito/capital controls/bank holiday for now over 2 weeks, ... just to get money to pay off EFSF, IMF and ECB, ... ] Paul Krugman geht in der "New York Times" hart mit der Euro-Gruppe ins Gericht. Deren Forderungen gegenüber Griechenland seien verrückt. "Der Hashtag #ThisIsACoup bringt es genau auf den Punkt", so Krugman. Besonders Deutschland sei dabei, das europäische Projekt zu töten.
Paul  Krugman  European  Union  Grexit  Greece  2015  Syriza  Troika  Eurogroup  Wolfgang  Schäuble  Angela  Merkel  Jean-Claude  Juncker  IMF  ECB  MarioDraghi  ChristineLagarde  Germany  FrancoisHollande  France  Leadership  vision  Career  Politicians  No  Representation  compromise  political  error  policy  folly  austerity  dogma  ideology  haircut  debt  jubilee  debt  restructuring  propaganda  populism  manufactured  consent  corporate  state  media  conglomerate  economic  history  common  sense  Great  Depression  lost  decade  lost  generation  European 
july 2015 by asterisk2a
Greece debt crisis: MPs back bailout reform plan - BBC News
[post-referendum ] Greece's parliament has backed a government package of economic reforms aimed at ending the country's debt crisis and securing a new bailout [ to pay off previous bailout payments that are coming-up; EFSF, IMF, ECB ] After a late-night debate, PM Alexis Tsipras won overwhelming cross-party support but saw some of his own MPs vote against him or abstain. Earlier, he admitted that some elements of the package fell short of his party's anti-austerity promises. The proposals are to be studied by eurozone finance ministers later. EU sources says Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund - believe the plan is positive. Eurozone officials are also expected to discuss Greek requests for some of the debt to be rescheduled. Mr Tsipras is asking for €53.5bn ($59.47bn) to cover Greece's debts (re-payments and interest) until 2018. [...] given in to demands [&] measures rejected in a referendum last Sunday.
Syriza  Grexit  referendum  democracy  Alexis  Tsipras  Yanis  Varoufakis  Greece  Career  Politicians  bullying  No  Representation  2015  bailout  IMF  EFSF  ECB  austerity  Great  Depression  lost  decade  lost  generation  economic  history  Eurogroup  Troika  zombie  banks  insolvent  Insolvenzverschleppung  insolvency  Bank  of  Greece  ELA  ESM  creditor 
july 2015 by asterisk2a
Greece debt crisis puts Germany's Merkel under pressure - BBC News
Of all of its creditors, Greece owes Germany the most - €68bn (£49bn; $75bn). // should compromise and change Germany internal debate whether we want to see 70% of our money or non at all in case of a Grexit in the next 5 years because Greece can no get back to economic growth and a real nationalistic and populistic elected gov that make Syriza look pale in comparison does elect to exit Euro voluntarily. Short sighted ideological national interest will bring worse than they can imagine - destroying the european dream and damaging europe as a whole as economy long-term (ie deflationary pressures ECB fights with more money, instead with political long-term resolution in the interest of THE EUROPEAN UNION, SOLIDARITY, they already did since GFC with their dither strategy, putting plasters on fault lines. Angela Merkel could have become the true Queen of Europe history would have remembered her. But she can only be national career politician & a lab worker (has science degree).
Career  Politicians  compromise  Grexit  bailout  debt  restructuring  haircut  EFSF  IMF  ECB  ESM  Greece  sustainable  sustainability  economic  history  austerity  national  interest  European  Union  policy  folly  policy  error  Angela  Merkel  Sigmar  Gabriel  Wolfgang  Schäuble  Troika  ChristineLagarde  Eurogroup  MarioDraghi  common  sense  common  good  Great  Depression  lost  decade  lost  generation  zombie  banks  short-term  thinking  short-term  view  ideology  dogma  populism  propaganda  Nationalism  media  conglomerate  Lügenpresse  No  Representation  faultlines  structural  imbalance  GFC  recovery  solidarity  manufactured  consent  corporate  state  Gesellschaft  European  fiscal  transferunion  Eurobond  Leadership  vision 
july 2015 by asterisk2a
Athens capitulates to creditors - BBC News
"Greece: Prior Actions - Policy Commitments and Actions to be taken in consultation with the EC/ECB/IMF staff", it feels very familiar. That familiarity stems from its great similarity to the bailout proposals put to Greece by the creditors - the eurozone governments, the European Central Bank and the IMF - last month. Pretty much everything wanted by the creditors is there - with the odd tweak or softening, but nothing which looks as though it ought to be noxious to them. So there is a pledge for budget surpluses rising in steps to 3.5% of GDP or national income by 2018 [< in their dreams only]. // The referendum was a last ditch effort by Syriza to get better deal. Eurogroup, Troika, IMF, ECB called it a bluff and accepted a possible Grexit and according to Juncker did prepare for it. No we are where we were when Syriza was elected and had to negotiate for a new bailout tranche, to pay off other bailout tranches re-payment coming up (IMF, EFSF, ECB) &! bbc.in/1INY5Gu MPs to deceide
Grexit  referendum  Career  Politicians  Alexis  Tsipras  Yanis  Varoufakis  Syriza  Troika  Eurogroup  ECB  IMF  Jean-Claude  Juncker  European  Union  Wolfgang  Schäuble  Angela  Merkel  MarioDraghi  EFSF  ChristineLagarde  Jeroen  Dijsselbloemm  Germany  France  FrancoisHollande  No  Representation  economic  history  austerity  dogma  bailout  ELA  ideology  Great  Depression  lost  decade  lost  generation  ESM  debt  jubilee  debt  restructuring  European  bullying  transparency  accountability  Principle  haircut  creditor  sovereign  debt  crisis  sustainable  sustainability  debtoverhang  balance  sheet  recession  zombie  banks  Bank  of  Greece  insolvent  Insolvenzverschleppung  insolvency 
july 2015 by asterisk2a
Germany won’t spare Greek pain – it has an interest in breaking us | Yanis Varoufakis | Comment is free | The Guardian
Debt restructuring has always been our aim in negotiations – but for some eurozone leaders Grexit is the goal [...] To frame the cynical transfer of irretrievable private losses on to the shoulders of taxpayers as an exercise in “tough love”, record austerity was imposed on Greece, whose national income, in turn – from which new and old debts had to be repaid – diminished by more than a quarter. It takes the mathematical expertise of a smart eight-year-old to know that this process could not end well. [...] In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (the eurozone finance ministers), who put a stark choice to me: accept the bailout’s “logic” and drop any demands for debt restructuring or your loan agreement will “crash” – the unsaid repercussion being that Greece’s banks would be boarded up. [...] Wolfgang Schäuble, decided that Grexit’s costs were a worthwhile “investment” as a way of disciplining France et al,
Yanis  Varoufakis  debt  restructuring  debt  jubilee  Super  Cycle  sustainable  sustainability  Great  Depression  Greece  Grexit  lost  decade  lost  generation  PIGS  Troika  Germany  France  IMF  Angela  Merkel  ChristineLagarde  European  History  Wolfgang  Schäuble  Thomas  Piketty  ECB  MarioDraghi  Leadership  European  Union  Insolvenzverschleppung  insolvent  insolvency  austerity  economic  policy  folly  policy  error  Career  Politicians  No  Representation  dogma  ideology  propaganda  Lügenpresse  bailout  zombie  banks  populism  manufactured  consent  media  conglomerate  corporate  state  Jeroen  Dijsselbloem  Jean-Claude  Juncker  Eurogroup  EFSF  ELA  EuropeanSystemicRiskBoard  systemicrisk  toobigtofail  TBTF  too  big  to  jail  referendum  PIIGSFB  PIIGS  FrancoisHollande  academia  academic  academics  carmenreinhart  kennethlewis  Alexis  Tsipras  Syriza  Wall  Street  crony  capitalism  Podemos  Indignants  Indignados  occupywallstreet  fairness  GFC  recovery  economic  model  trickle-down  economics  economic-thought  shared  economic  interest  profit  maximisation  shareholder  value  economists  economic  damage  short-term  thinking  short-term  view 
july 2015 by asterisk2a
Münchau: Merkel zwischen Schuldenkonferenz und Grexit - SPIEGEL ONLINE
[ Groesste feigheit und intelectual cynicism of EU history. "Alternativlos." BIS warned, time was wasted. ] Mit ideologischer Verbohrtheit beharren die Deutschen darauf, dass Griechenland all seine Kredite zurückzahlen muss - was so oder so nicht geschehen wird. Höchste Zeit also für eine Schuldenkonferenz! // Case of history - Treaty of Versailles = Nationalism (Nazi) and Rechtsruck! Happened in Greece and Co. and in Germany. // People learned and after WW2 and came together to give Europe a chance! >> London Debt Agreement (German: Londoner Schuldenabkommen) "An important term of the agreement was that repayments were only due while West Germany ran a trade surplus, and that repayments were limited to 3% of export earnings. This gave Germany’s creditors a powerful incentive to import German goods, assisting reconstruction." - bit.ly/1exF0vY bit.ly/1ep1dvW - also periphery countries like France, Italy, Spain and Portugal were encouraged by Allies not to demand war reparations.
Greece  Grexit  PIIGS  PIGS  sovereign  debt  crisis  debtoverhang  ideology  propaganda  WW1  WW2  Treaty  of  Versailles  debt  jubilee  European  History  London  Agreement  Londoner  Schuldenabkommen  common  good  common  sense  Gesellschaft  dogma  populism  economic  society  austerity  trickle-down  economics  long-term  view  long-term  thinking  solidarity  Angela  Merkel  IMF  Troika  Wolfgang  Schäuble  World  Bank  Jean-Claude  Juncker  ChristineLagarde  academia  academics  sustainable  sustainability  Super  Cycle  debt  restructuring  haircut  debt  bubble  TBTF  too  big  to  jail  toobigtofail  crony  capitalism  Career  Politicians  No  Representation  Leadership  Legacy  vision  European  Union  fiscal  transferunion  Eurobond  lost  decade  lost  generation  GroKo  Sigmar  Gabriel  manufactured  consent  corporate  state  democracy  Lügenpresse  political  theory  political  error  political  economy  political  folly  policy  folly  policy  error  ECB  MarioDraghi  Makers  Great  Depression  GFC  recovery  output  gap  bailout  zombie  banks  banking  EuropeanSystemicRiskBoard  BIS 
july 2015 by asterisk2a
Griechenland: Slavoj Zizek im Interview über Tripras - SPIEGEL ONLINE
Mehr Europa: Im Interview verteidigt der Slowene Slavoj Zizek die Tsipras-Regierung - und deren Idee eines Referendums. Von Philip Kaleta [...] Zizek: Die griechische Regierung hat wiederholt ihre Absicht klar gemacht, Griechenland sowohl in der EU als auch in der Eurozone halten zu wollen. Diese Haltung ist völlig eindeutig, Referendum hin oder her. Es geht heute darum, ob der Sparkurs weiterverfolgt wird oder neue Wege eingeschlagen werden. Die Kritiker von Tsipras versuchen, den Kern des Referendums in eine Schicksalsfrage umzudeuten. [...] Ohne einen solchen Plan [oekonomischer neuanfang] würde sich die Krise letztlich immer wieder reproduzieren. [...] Sogar der IWF hat eingeräumt, dass Griechenland einen groß angelegten Schuldenerlass braucht, um "Raum zum Atmen" zu schaffen und die Wirtschaft wieder zum Laufen zu bringen. [...] In Ihrem aktuellen Buch plädieren Sie für eine europäische Leitkultur, ... [ bailout = socialism for tbtf/jail and donors, lobby & country club ]
democracy  Slavoj  Zizek  Greece  PIGS  austerity  bailout  toobigtofail  TBTF  too  big  to  jail  Wall  Street  crony  capitalism  capitalism  Career  Politicians  No  Representation  referendum  Podemos  Syriza  Grexit  European  Union  debt  jubilee  sustainability  sustainable  debtoverhang  sovereign  debt  crisis  fiscal  sovereignty  Great  Depression  ideology  dogma  economic  history  sociology  psychology  history  Europe  solidarity  Gesellschaft  IMF  Troika  Angela  Merkel  Wolfgang  Schäuble  Jean-Claude  Juncker  Jens  Weidmann  ChristineLagarde  ECB  MarioDraghi  Leadership  fiscal  political  compromise  shared  economic  interest  EFSF  European  vision  courage  technocrat  status  quo  lost  decade  lost  generation  egalitarianism  fairness  equality  inequality  Gini  coefficient  egalitarian  culture  society  heresy  thought  thought  leader  economic-thought  trust  trustagent 
july 2015 by asterisk2a
One Weird Trick To Help Greece | TechCrunch
The human impact of this is devastating. And it sucks for companies too. Imagine being a founder competing against other startups that can pay their bills? This is why the founders of BugSense, one of the handful of Greek startups to have seen a successful exit (to Splunk), have offered to act as a proxy for Greek startups that need to make payments. “Pretty much most Greek debit cards don’t work at all,” BugSense CEO Panos Papadopoulos tells me. “Not even €60 per day.” // people organise themselves to keep their small businesses running - http://zerofund.org/
Grexit  capital-controls  capital  controls  Great  Depression  Greece  economic  history 
july 2015 by asterisk2a
Griechenland: Was Angela Merkel noch alles angeboten hat - SPIEGEL ONLINE
Für den Fall, dass Tsipras die Verlängerung des aktuellen zweiten Hilfspakets zu den veränderten Konditionen akzeptiert hätte, bot Merkel ihm dem Vernehmen nach in einem letzten Gespräch am Freitag vergangener Woche unter anderem Folgendes an: ein drittes Hilfsprogramm, Schuldenerleichterungen, also eine teilweise Umschuldung, Investitionen in Höhe von rund 35 Milliarden Euro. // BUT NO debt jubilee/haircut and admitting that it was a EU bank bailout through the back door. // Counter-off on day 0 from Syriza; ESM to take on debt for two years. Another delay. Country will NOT start to grow in two years to pay off EFSF and IMF ... bit.ly/1Nsrupr &! IMF pushes back on default scenario - bit.ly/1NsrpSz &! Germany paid 85bn to EU banks (aka Greece Debt payments via EFSF, IMF and ECB ELA liability and bonds that ECB bought via their bank refinance programms (LTRO) via BuBa capital ownership of ECB) in case of default - bit.ly/1Hrx4ra // &! bbc.in/1Knh8qM &! bbc.in/1Knh8qM
Grexit  default  IMF  EFSF  Angela  Merkel  PIGS  Wolfgang  Schäuble  European  Union  Career  Politicians  economic  history  sovereign  debt  crisis  zombie  banks  GFC  recovery  Great  Depression  Greece  austerity  Troika  ECB  Syriza  democracy  solidarity  political  error  political  economy  political  folly  policy  error  policy  folly  ESM  ELA  BuBa  Bundesbank  LTRO  TLTRO  MarioDraghi  Jean-Claude  Juncker 
june 2015 by asterisk2a
Mental health job fear for one in five with stress - BBC News
Working is the most stressful part of many people's lives, over health and money worries, according to a survey form mental health charity Mind. They say one in five people is scared of losing their job if they admit they are suffering from stress, and that 22% of people who said they had disclosed a mental health issue in a previous job had been fired or forced out. Tim Muffett reports. // &! bbc.co.uk/news/health-12986314 - Prescriptions for anti-depressant drugs such as Prozac rose by more than 40% over the past four years, data obtained by the BBC showed. // &! bbc.co.uk/news/health-12087916 &! bbc.co.uk/news/mobile/business-12086055
stigma  Sozialer  Abstieg  mental  health  mental  illness  discrimination  employment  HR  human  resources  Gesellschaft  Zivilgesellschaft  Zivilcourage  burnout  work  life  balance  beyond  workplace  drama  workplace  chronic  stress  austerity  uncertainty  job  security  recovery  GFC  Great  Recession  underemployed  part-time  unemployment  long-term  unemployment 
june 2015 by asterisk2a
IMF heads must roll over shameful Greek failings - Telegraph
Whatever the eventual outcome of the Greek debt talks, there are a number of judgments can already be made; one is that a large part of the blame for this ever deepening debacle lies at the doors of the International Monetary Fund, which from the very beginning has had both its priorities and its analysis of the situation hopelessly wrong. [...] By any standards, however, the IMF’s entanglement with the eurozone crisis is a whopper of a screw-up. Nor is it something in which the IMF should have got involved in the first place. Europe, one of the richest regions in the world, should have been left to sort out its own affairs. [...] This is more particularly the case as the Greek debt crisis is almost entirely one of the eurozone’s own making. And yet unforgivably, Greece is now the IMF’s biggest bailout ever – $35bn for a population of just 11 million. [ after all it was an EU (&international) bank bailout through the backdoor. at a times where banks were not able to cope ]
IMF  ChristineLagarde  Grexit  austerity  economic  history  Leadership  Angela  Merkel  Wolfgang  Schäuble  ECB  Troika  MarioDraghi  European  Union  monetary  Europe  GFC  democracy  Career  Politicians  unintended  consequences  incomplete  information  unknown  unkown  No  Representation  fairness  Great  Depression  lost  decade  lost  generation  PIGS  bailout  EFSF  haircut  debt  jubilee  debt  restructuring 
june 2015 by asterisk2a
The world is defenceless against the next financial crisis, warns BIS - Telegraph
Monetary policymakers have run out of room to fight the next crisis with interest rates unable to go lower, the BIS warns. [...] These low interest rates have in turn fuelled economic booms, encouraging excessive risk taking. Booms have then turned to busts, which policymakers have responded to with even lower rates. [greenspan put][dot.com and GFC were in part fuelled by inadequate rate setting and oversight] [...] [BIS also rejecting the notion of secular stagnation]. // &! BIS 'low rates hold back global growth' - http://www.ft.com/cms/s/12ded5aa-1be6-11e5-a130-2e7db721f996 // &! Rising interest rates pose new risk for banks: BIS - reut.rs/1Jgyft9 [...] but a "normalization" of borrowing costs would reverse the debt-fueled inflation of asset prices and hit banks' own loss-absorbing equity capital, the BIS said. "Just as falling yields have supported asset valuation gains in recent years, an eventual normalization would generate losses ... Banks' equity capital would shrink."
BIS  monetary  policy  unconventional  monetary  policy  Financial  Crisis  business  cycle  economic  cycle  economic  history  centralbanks  Fed  Taper  ECB  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  BOE  monetary  system  monetary  stimulus  monetary  transmission  mechanism  zombie  banks  EuropeanSystemicRiskBoard  bailout  equity  bubble  bond  bubble  fractional  reserve  banking  dot.com  GFC  recovery  Greenspan-Put  alangreenspan  Great  Moderation  Ben  Bernanke  Fed  mandate  Bank  Oversight  deflationary  debtoverhang  balance  sheet  recession  zombie  consumer  structural  imbalance  Impediments  output  gap  productivity  USA  UK  Europe  western  world  secular  stagnation  asset  allocation  distortion  capital  allocation  asset  bubble  job  creation  labour  market  labour  economics  Niedriglohnsektor  Niedriglohn  Service  Sector  Jobs  lost  generation  lost  decade  policy  folly  policy  error  demographic  bubble  sovereign  debt  debt  bubble  consumer  debt  debt  monetisation  debt  monetization  economic  growth  economic  damage  structural  unemployment  underemployed  supply  side  economics  microeconomic  policy  vocational  education  education  policy  Future  of  Work  Mobile  Creatives  Mobile  Creative  marginal  cost  economics  of  abundance  Silicon  Valley  industrial  policy  ideology  austerity  Fiscal  Pact  Schuldenbremse 
june 2015 by asterisk2a
ECB 'to end Greek bank lifeline' - BBC News
bloom.bg/1yMeCBS reut.rs/1Kin1FN bit.ly/1QWRUoF - Emergency Liquidity Facility (ELA) // ECB is expected to end emergency lending to Greece's banks on Sunday [...] have to "announce a bank holiday on Monday, pending introduction of capital controls". [B]ailout for heavily indebted Greece expires on Tuesday & talks have broken down. [...] "Grexit" from the euro is not inevitable, as the eurozone did resolve Cyprus's banking crisis in 2013 & the country stayed in the euro. [...] [Biggest part is EFSF debt. EU gov money (FR&GER biggest contributors) // Jens Weidmann - on.wsj.com/1KmPprP would have cut it earlier. Current tally €89 billion. // &! econ.st/1Kiugz1 - ECB could bully/force Greece/Syriza to accept any deal given or it will cut of ELA. It did so with Cyprus & Ireland. FT called it 'the quiet enforcer.' // In the End, IMF & EFSF paid off (mostly EU) bank loans for Greece. Not to fill Greece's budget deficit. = Backdoor National Bank Bailout!!! &! bbc.in/1ICV0EA
ECB  ELA  Grexit  2015  bank  run  bankrun  Troika  IMF  capital-flight  capital-controls  capital  controls  Cyprus  of  Cyprus  of  Greece  deposit  haircut  haircut  sovereign  debt  crisis  Great  Depression  austerity  fiscal  sovereignty  Syriza  democracy  Career  Politicians  European  Union  No  Representation  Angela  Merkel  MarioDraghi  Wolfgang  Schäuble  Germany  Leadership  Jens  Weidmann  zombie  banks  banking  EuropeanSystemicRiskBoard  stresstest  EFSF  bank  bailout  GFC  PIGS  IMG  ChristineLagarde  PR  public  relations  spin  doctor  media  conglomerate  manufactured  consent  banking  crisis  economic  history  fairness  public  perception  public  awareness  public  discourse  policy  folly  policy  error  toobigtofail  TBTF  too  big  to  jail  monetary  policy  unconventional  monetary  policy  crony  capitalism  Wall  Street  capitalism  Failure  recovery  monetary  transmission  mechanism  monetary  system  deflationary 
june 2015 by asterisk2a
Griechenland: Euro-Gruppe trifft sich ohne Varoufakis - SPIEGEL ONLINE
[ putting national and own political interest (and perceived career) first second and third and then comes Europe. short-term interests. long-term catastrophe by making capital (borrowing) more expensive long-term because of perceived risk that it is not a Union, by markets. Period. ] Die Euro-Gruppe stoppt das Hilfsprogramm für Athen, die Finanzminister beraten ohne ihren griechischen Kollegen. Über Lösungen wird nicht mehr gesprochen. Es geht nur noch um Schuldzuweisungen. [...] Jetzt läuft das zweite Hilfsprogramm wie vorgesehen am kommenden Dienstag aus. Am selben Tag muss die griechische Regierung rund 1,55 Milliarden Euro an den Internationalen Währungsfonds (IWF) überweisen (siehe Grafik unten), hat aber bereits mitgeteilt, dass sie das nicht zahlen kann. Geht das Geld nicht beim IWF ein, könnte Direktorin Christine Lagarde umgehend den Zahlungsausfall feststellen. Möglicherweise müsste Griechenland dann in sehr kurzer Zeit den Staatsbankrott verkünden. // &! bit.ly/1TVea1c
Grexit  sovereign  debt  crisis  IMF  Troika  Leadership  democracy  Career  Politicians  Syriza  No  Representation  zombie  banks  austerity  Great  Depression  PIGS  ChristineLagarde  economic  history  Angela  Merkel  Wolfgang  Schäuble  Schuldenbremse  Fiscal  Pact  ECB  European  Union  haircut  banking  trust  trustagent  business  confidence  consumer  confidence  political  economy  national  interest  unintended  consequences  unknown  unkown  policy  folly  policy  error  Eurobond  currency  political  folly  political  error  EuropeanSystemicRiskBoard  banking  crisis  bank  run  bankrun  Greece  2015 
june 2015 by asterisk2a
Greece debt crisis: Tsipras announces bailout referendum - BBC News
[ >> great move! Not a Career Politicians move by a mile. ] Greece will hold a referendum on 5 July on a controversial bailout deal with foreign creditors, Prime Minister Alexis Tsipras has announced. [...] In the speech, Mr Tsipras said: "These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people." "The people must decide free of any blackmail," he added. &! bit.ly/1dmElfQ - “After five months of hard negotiations our partners, unfortunately, ended up making a proposal that was an ultimatum towards Greek democracy and the Greek people,” [...] “an ultimatum at odds with the founding principles and values of Europe, the values of our common European construction.” &! And in response, Eurogroup calls off the deal first. LOL!; bbc.in/1HmCwM2 &! bbc.in/1HnUSON will ECB keep tap ON!?
Grexit  Syriza  democracy  Career  Politicians  No  Representation  European  Union  Angela  Merkel  Troika  IMF  ECB  zombie  banks  banking  ChristineLagarde  Wolfgang  Schäuble  economic  history  Great  Depression  sovereign  debt  crisis  PIGS  austerity 
june 2015 by asterisk2a
Eurozone still in denial about Greece - BBC News
In the highly unlikely event that Greece could generate a 2% or 3% surplus year-in and year-out without its economy shrinking further (which few economists would anticipate), it would take around half a century for Greek public sector debt to fall to a level regarded as sustainable. A half century of austerity? In what modern democracy would that be regarded as a realistic option? So all these fraught talks about a release of the last 7.2bn of cash from the current rescue facility can probably be seen as displacement activity. And if there is agreement in the next day or so on a framework to release that cash, this should be seen as no more than a short-term temporary fix. [...] Or to put it another way, it is all about whether the IMF and eurozone can keep up the pretence that Greece is a sound and solvent debtor. [...] relatively small and weak private sector will ever have the capacity to pay it back.
Grexit  economic  history  PIGS  austerity  Fiscal  Pact  sovereign  debt  crisis  Super  Cycle  Europe  bailout  zombie  banks  Troika  IMF  Angela  Merkel  Wolfgang  Schäuble  Germany  bank  jog  bank  run  ECB  European  Union  banking  solvency  insolvency  insolvent  Insolvenzverschleppung  Career  Politicians  No  Representation  short-term  thinking  short-term  view  Greece  debt  jubilee  haircut  debt  bubble  bond  bubble  debt  restructuring  debt  monetisation  debt  monetization  monetary  policy  unconventional  monetary  policy  monetary  system  monetary  transmission  mechanism  Great  Depression  2015  lost  decade  lost  generation  liquidity  trap  balance  sheet  recession  deleveraging  debtoverhang  GFC  GoldmanSachs 
june 2015 by asterisk2a
John Ralston Saul: The Collapse of Globalism - YouTube
the source of legitimacy is economics and only one source/type of economic thinking // TTIP & Co erase governments! // globalisation hailed promises, empty promises. // the more they say its inevitable, the more you know its the way out. // bailout for one side of society, and austerity for the others // no shared economic interest !!! rootless tax evaders global corporations are not stakeholders in country X // where does the power go? decision and policy making? to those with money and influence and network! - thus not the citizens // "we are in a post-globalist world" really? why is there then TTIP? Austerity is currently taking over the vacuum! // neoliberalism pouted and propagandated by fear induced monologues by Career Politicians (GFC) // money has no moral limits nor conscience !!! // great moderation and unfettered globalisation & financial realm (masters of the universe) - Alan Greenspan & Ben Bernanke >> extremes (ideology) break down (GFC) // austerity doesn't work!
globalisation  globalization  economic  history  GFC  recovery  austerity  liberal  economic  reform  book  democracy  human  capital  deregulation  lobbyist  lobby  Lobbying  No  Representation  Career  Politicians  economic  model  trickle-down  economics  borderless  TTIP  flat  world  income  growth  western  world  Gini  coefficient  Consumer  Protection  CETA  NAFTA  USA  social  cohesion  social  contract  social  tension  crony  capitalism  Wall  Street  profit  maximisation  shareholder  value  Davos  1%  Super  Rich  Thomas  Piketty  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  bailout  too  big  to  jail  toobigtofail  TBTF  PIGS  IMF  Bank  education  policy  vocational  education  underinvestment  productive  investment  Industrial  Revolution  2.0  Future  of  Work  tax  evasion  tax  avoidance  tax  code  stakeholder  Margaret  Thatcher  Angela  Merkel  David  Cameron  George  Osborne  neoliberal  neoliberalism  academia  academic  alangreenspan  Ben  Bernanke  benbernanke  Great  Moderation  zombie  banks  ideology  individuality  sociology  society  psychology  gesellschaft  western  society  capital  gains  self-regulation  regulation  regulators  Bank  Oversight  revolving  door 
may 2015 by asterisk2a
Naomi Klein on Global Neoliberalism - YouTube
history doesn't repeat, but it rhymes // use of crisis for political ends // crisis is required to push through those policies // effect - rise if inequality - gini coefficient // history shows - capital flight // net capital flight out of UK from 2008-2015 !? // mixed economy ! // Naomi Klein and Joseph Stiglitz on Economic Power - youtu.be/qkErO-TwOeo &! Naomi Klein, Raj Patel, Amy Goodman: Crisis Capitalism - youtu.be/8Ji_8tI0sbY youtu.be/wmHOj0FT5l0 &! Joseph Stiglitz (2014) - Why Capitalism is Failing - youtu.be/b7wIw1VNjSk &! [Chrystia Freeland] Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (Full Session) - youtu.be/S9LIVa3WVPo --- GFC did not end plutocracy (Fortune/Forbes list) it propelled them - QE, bailouts, NIRP etc - it was a recovery for the 1% - Carlos Slim is richest person ever lived (based on labour cost/hr of home country). &! Matt Taibbi and Chrystia Freeland on the One Percent's Power and Privileges - youtu.be/rvIM6-BGx8I
Naomi  Klein  neoliberal  neoliberalism  PIGS  austerity  Wasserprivatisierung  Privatisation  liberal  economic  reform  IMF  USA  economic  history  World  Bank  trickle-down  economics  Troika  sovereign  debt  crisis  Gini  coefficient  inequality  Wall  Street  book  welfare  state  social  safety  net  Services  Public  Services  welfare  GFC  UK  fiscal  policy  policy  folly  policy  error  Davos  Makers  Career  Politicians  microeconomic  policy  macroeconomic  policy  economic  model  economic  damage  oligarchy  plutocracy  Super  Rich  1%  Establishment  Privileged  income  inequality  capital  gains  squeezed  middle  class  working  poor  globalisation  globalization  flat  borderless  precarious  work  Precariat  contractor  Zero  Hour  Contract  Leiharbeit  Zeitarbeit  Minijob  Werkvertrag  recovery  No  Representation  Industrial  Revolution  2.0  oligopoly  oligopol  crony  capitalism  rent-seeking  rentier  human  capital  income  growth  social  mobility  income  mobility  meritocracy  meritocratic  lobbyist  lobby  Lobbying  revolving  door  tax  evasion  tax  avoidance  political  economy  ethical  beliefs  ethical  machine  moral  beliefs  profit  maximisation  shareholder  value  American  Dream  Great  Gatsby  curve  intellectual  honesty  social  tension  social  working  class  Egalitaria 
may 2015 by asterisk2a
Humans Threw Out 92 Billion Pounds of Electronics Last Year
92B pounds of electronic waste thrown out last year Researchers claim some 92 billion pounds of electronic waste were thrown away last year. As the folks at Gizmodo put it: “That’s more than seven Great Pyramids’ worth of crapped-out Blackberry phones, forsaken Toshiba TVs, and human misery.” Consumers in the US were responsible for about 16 billion pounds — roughly 17 percent — of that waste.
recycling  rare  earths  electronics  plastic  nation  Great  Pacific  Garbage  Patch  ecological  disaster  environmental  disaster 
april 2015 by asterisk2a
How I discovered a coffee pot was making my patient sick - Quartz
In January, a study published in PLOS linked environmental chemical exposure with early menopause. This study suggests a connection between the ubiquitous chemicals we’re exposed to and our health. Other studies support this concept, such as a 2014 research study showing BPA in the liners of canned beverages increases blood pressure. Health care providers generally are not taught to consider common household items as a potential cause of disease, but perhaps we should be. BPA is a known endocrine disruptor. Research evidence links BPA exposure with early puberty, infertility, breast cancer, and abnormal periods. It has also been tied to obesity, prostate cancer, and neurodevelopmental problems in children. The National Health and Nutrition Survey (NHANES) found that obese adults are likely to have higher levels of BPA in their urine. [...] And lest you think “BPA-free” is the answer, the substitute plastics which contain bisphenol S or other resins appear to be equally hazardous.
BPA  bisphenola  Bisphenol  A  plastic  nation  pesticide  herbicide  fungicide  ecological  disaster  environmental  disaster  Great  Pacific  Garbage  Patch 
april 2015 by asterisk2a
Plastik - Die Geißel der Welt-Meere - YouTube
>> "Kinderspielmacher werden nie fuer Kinder [und deren Sicherheit und Gesundheit] hergestellt. Sondern um Geld zu machen fuer den Hersteller." & "Wir muessen uns vor unserer eigenen dummheit schuetzen." - Cradle to Cradle
Great  Pacific  Garbage  Patch  plastic  bag  plastic  nation  plastic  ecological  disaster  environmental  disaster  unintended  consequences  bisphenola  Bisphenol  A  BPA  Phthalate  Weichmacher  Petroleum  Industry  carcinogen  carcinogenic  lobby  Lobbying  lobbyist  Consumer  Protection  public  awareness  Policy  Makers  error  folly  Career  Politicians  consumerist  Consumerism  zombie  Polyethylene  public  health  public  health  complexity 
november 2014 by asterisk2a
Empire - The Promise and Peril of Democracy - Web Extra - Empire asks why democracy is in retreat - YouTube
symptoms now more evident than ever!
transparency  Democratic  Process  democracy  accountability  Career  Politicians  short-term  thinking  short-term  view  political  science  populism  propaganda  dogma  demagogy  demagogue  Europe  Nationalism  protectionism  capitalism  crony  capitalism  bribery  corruption  Lobbying  lobbyist  lobby  GFC  corporatism  Wall  Street  No  Representation  revolving  door  Policy  Makers  error  folly  Philosophy  Super  Rich  1%  tax  evasion  tax  avoidance  fairness  Gerechtigkeit  oversight  excess  European  History  Great  Depression  exploitation  squeezed  middle  class  working  poor  Future  of  Work  Mobile  Creative  Mobile  Creatives  flat  world  globalization  globalisation  deregulation  Gini  coefficient  inequality  income  inequality  social  mobility  income  mobility  tax  code  capital  gains  economic  Thomas  Piketty  social  cohesion  Protest  Partei  Protest  Party  European  Election  2014  austerity  toobigtofail  TBTF  too  big  to  jail  bailout  IMF  OECD  shareholder  value  profit  maximisation  Industrial  Revolution  2.0  uncertainty  self-employment  Zero  Hour  Contract  contractor  precarious  Precariat  working  class  Blue-collar  Worker  White-collar  Worker  Niedriglohnsektor  Niedriglohn  living  wage  wage  mi 
october 2014 by asterisk2a
Bubbles, Regulation, and Secular Stagnation - NYTimes.com
In brief, there is a case for believing that the problem of maintaining adequate aggregate demand is going to be very persistent – that we may face something like the “secular stagnation” many economists feared after World War II. [...] The stability of prices and output masked an underlying unsustainable growth in leverage. [...] Our current episode of deleveraging will eventually end, which will shift the IS curve back to the right. But if we have effective financial regulation, as we should, it won’t shift all the way back to where it was before the crisis. Or to put it in plainer English, during the good old days demand was supported by an ever-growing burden of private debt, which we neither can nor should expect to resume; as a result, demand is going to be lower even once the crisis fades. [...] our current situation may well go on much longer than anyone currently imagines.
student  loan  debt  lobby  deregulation  monetary  policy  lobbyist  asset  bubble  modern  monetary  theory  reflation  dual  mandate  fiscal  stimulus  Lobbying  BOE  BOJ  macroeconomics  policy  folly  QE  liquidity  trap  inflation  targeting  fiscal  policy  UK  debt  bubble  political  error  paulkrugman  austerity  unknown  unkown  greatdepression  nominal  GDP  targeting  dis-inflation  deleveraging  regulation  economics  public  debt  secular  stagnation  inflation  private  debt  balance  sheet  recession  mandate  debt  jubilee  GFC  complexity  excess  monetary  theory  unintended  consequences  consumer  debt  liquidity-trap  political  folly  WWII  lostdecade  greatrecession  policy  error  regulators  debtoverhang  Wicksellian  natural  interest  rate  NIRP  Fed  microeconomics  economic  history  Super  Cycle  stagflation  Great  Moderation  leverage  stagnation  sovereign  debt  crisis  recovery  ZIRP  USA  household  debt  fiscal  theory  Japan  fiscal  deficit 
september 2013 by asterisk2a
Arktis: Umweltverschmutzung vergiftet Eismöwen - SPIEGEL ONLINE
Bei Seevögeln und anderen Tieren vor allem auf den oberen Stufen der Nahrungskette sammeln sich diese Schadstoffe im Körper an.
Great  Pacific  Garbage  Patch  heavy  metal  pollution  complexity  ecosystem  plastic  nation  pollution  unintended  consequences  water  pollution  ecological  disaster  air  pollution 
august 2013 by asterisk2a
This short-term thinking will lead to huge long-term damage - MoneyWeekMoneyWeek
Global acting Companies - steered by Wall Street and EPS (earnings per shares) - are not incentivised to invest into the future of the company, but to keep Wall Street happy till the next quarter and thus keeping their job.
stakeholder  unemployment  lostgeneration  complexity  incentive  short-term  thinking  shareholder  Great  Moderation  output-gap  unintended  consequences  investment  corporate  investment  ZIRP  EPS  WallStreet  zombie  corporations  financial  incentive  lostdecade  share  buyback  corporate  governance 
august 2013 by asterisk2a
« earlier      
per page:    204080120160

related tags

1%  2.0  A  Abenomics  Abstieg  abundance  abuse  abwrackpraemie  academia  academic  academics  accountability  acidification  Act  activism  activists  addiction  ageing  aggregate  Agreement  agriculture  AIIB  air  Alain  Alan  alangreenspan  alcohol  alcoholism  Alexis  allocation  alt-right  America  American  and  Angela  Anthropocene  anthropology  Anthropozän  anti-Semitism  anxiety  Aquifer  Aral  Asia  asset  austerity  Australia  Autonomy  avoidance  awareness  Baby  babyboomers  bag  bail  bailout  balance  bank  banking  bankrun  banks  Barrier  Basic  behavior  behavioral  behaviour  being  beliefs  Ben  benbernanke  Bermuda  Bernanke  Beton  Betongold  beyond  big  Bill  biodegradable  BIS  Bisphenol  bisphenola  Blue-collar  Blyth  BNP  BOE  BOJ  bond  book  boom  Boomers  borderless  bottom  Botton  BPA  Brexit  bribery  BRIC  Britain  British  Brussels  BuBa  bubble  bubbles  budget  budget2015  building  bullying  Bundesbank  burnout  business  bust  buyback  Cameron  Canada  capital  capital-controls  capital-flight  capitalism  car  carbon  carbonemission  carbonfootprint  carcinogen  carcinogenic  card  care  Career  carmenreinhart  Carnism  cash  Cayman  centralbanks  CETA  chain  change  Chemical  Chicago  child  China  choice  cholesterol  ChristineLagarde  chronic  city  CJEU  class  climate  climatechange  coastal  code  coefficient  cohesion  collapse  colonialism  colony  commodities  commoditization  commodity  common  competition  competitive  competitiveness  complexity  compromise  confidence  conglomerate  consent  consequences  Conservative  consumer  consumerism  consumerist  contract  contractor  controls  convenience  COP21  coping  coral  corporate  corporations  corporatism  corruption  cost  counterpartyrisk  courage  creation  Creative  Creatives  credit  creditor  creditrisk  crime  crisis  crony  crop  culture  currency  curve  cycle  Cyprus  damage  David  Davos  de  debate  debt  debtoverhang  decade  default  deficit  deflation  deflationary  deforestation  deleveraging  demagogue  demagogy  demand  democracy  Democratic  demographic  depletion  deposit  Depression  deprivation  deregulation  Desertification  devaluation  developed  Developing  Diet  dietary  Dijsselbloem  Dijsselbloemm  dioxin  dis-inflation  disaster  discourse  discretionary  discrimination  diseases  disinflation  disorder  disorders  disposable  distortion  distribution  distrust  doctor  dogma  door  dot.com  downward  drama  Dream  drinking  drought  Drugs  dual  earths  ECB  ECHR  ecological  ecology  econometrics  economic  economic-thought  economics  economists  economy  ecosystem  EDL  education  EEA  EFSF  egalitarian  egalitarianism  ELA  Election  electronics  Elektroschrott  emerging  emissions  Empire  employment  endocrine  endocrinology  endotoxin  energy  Engels  Entertainment  environment  environmental  environmentalism  EPS  equality  equity  erosion  error  Escapeism  ESM  Establishment  ethical  ethics  Euro  Eurobond  Eurogroup  Europe  European  EuropeanSystemicRiskBoard  evasion  excess  expectation  Expenditure  exploitation  Exportweltmeister  extinction  extreme  fail  Failure  fairness  Fairy  far-right  farming  Fascism  faultlines  Fed  finance  financial  finite  Firewall  fiscal  Fish  flash  flat  flooding  floods  flow  folly  food  footprint  for  Forex  fossil  fractional  France  FrancoisHollande  free  freemarkets  Friedrich  Frontier  fuel  fund  funds  fungicide  Future  Gabriel  gains  gap  Garbage  Gatsby  GDP  gender  gene  generation  Generationengerechtigkeit  George  Gerechtigkeit  Germany  gesellschaft  GFC  Gini  global  globalisation  globalization  globalwarming  glut  GMO  Gold  GoldmanSachs  good  governance  government  Great  greatdepression  greatrecession  Greece  Greed  Greenspan  Greenspan-Put  Grexit  GroKo  Group  groups  growth  haircut  happiness  harm  hate  headwinds  health  heaven  heavy  Helicopter  henrypaulson  herbicide  heresy  history  HMRC  homescreen  honesty  Hooligan  Hooliganism  Hour  household  HR  human  humanitarian  humanity  humility  hunt  hyperlocal  IBM  ideology  illness  image  imbalance  imbalances  IMF  IMG  Immigration  Impediments  imperial  incentive  income  incomplete  index  India  Indignados  Indignants  individuality  industrial  industry  inequality  inflation  information  infrastructure  insanity  insolvency  insolvent  Insolvenzverschleppung  insurance  intellectual  interest  intrapreneurship  intrinsic  investigative  investment  Islands  jail  Japan  Jean-Claude  Jeffrey  Jens  Jeroen  JGB  job  Jobs  jog  JohnMaynardKeynes  Joseph  journalism  jubilee  Juncker  Karl  Keen  kennethlewis  KennethRogoff  keynes  Keynesianism  killing  Klein  Koo  Krugman  Kyoto  labour  landfill  Latin  law  leader  Leadership  Legacy  Leiharbeit  leverage  levy  LGBT  liberal  life  liquidity  liquidity-trap  livestock  living  loan  lobby  Lobbying  lobbyist  local  lohndumping  Lohnzurückhaltung  London  Londoner  long-term  lost  lostdecade  lostgeneration  LTCM  LTRO  Lunch  Lügenpresse  M&A  M3  machine  macroeconomic  macroeconomics  macroprudential  mainstreet.org  Makers  management  mandate  manufactured  Manufacturing  Margaret  marginal  MarioDraghi  Mark  market  Markets  Marktwirtschaft  Marx  mass  Mastery  materialism  maximisation  Meat  mechanism  media  medical  mental  Mercury  meritocracy  meritocratic  Merkel  metal  microbeads  microeconomic  microeconomics  middle  Minijob  minimum  mobile  mobility  model  Moderation  modern  monetary  monetisation  monetization  Money  moral  moralhazard  morals  motivation  Movement  NAFTA  nanny  Naomi  Nassim  nassimtaleb  nasty  nation  national  Nationalism  Nationalist  Nations  natural  nature  negative  negotiation  neo-Nazi  neoliberal  neoliberalism  net  neurobiology  neurology  neuroscience  New  NHS  Niedriglohn  Niedriglohnsektor  NIRP  No  noise  nominal  Normal  NPL  Nudge  obligation  occupywallstreet  ocean  OECD  of  offshore  offshoring  Oil  oligarchy  oligopol  oligopoly  omnivore  on  OPEC  opinion  Osborne  output  output-gap  outsourcing  Overfishing  overhang  oversight  Ozone  Pacific  Pact  Pakistan  paradox  part-time  Partei  participation  party  Patch  pattern  Paul  paulkrugman  pay  PBOC  PCB  peer  PEGIDA  pension  Pensioner  perception  Perspective  Perspektivlosigkeit  pesticide  Pesticides  Petroleum  philanthropy  Philosophy  Phthalate  PIGS  PIIGS  PIIGSFB  Piketty  planning  Plant-Based  plastic  plutocracy  Podemos  Polarisation  policy  political  politician  Politicians  Politics  pollution  Polyethylene  poor  population  populism  Positioning  Poultry  Pound  poverty  PR  Precariat  precarious  predation  premium  pressure  price  pricing  Principle  private  Privatisation  Privileged  Process  product  productive  productivity  profit  progress  propaganda  property  Protection  protectionism  Protest  Psychiatry  psychology  public  Purpose  QE  quality  quo  R&D  race  Racism  rare  rare-earths  rat  rate  Reagan  real  receipts  recession  Rechtsextremismus  Rechtsruck  recovery  recycling  redistribution  reef  referendum  reflate  reflation  reform  regulation  regulators  Reich  relations  Religion  renewable  rent-seeking  rentier  Repeal  Representation  repression  reserve  reserves  resource  resources  restructuring  retirement  Revolution  revolving  Rich  Richard  right-wing  rights  risk  risk-management  risk-taking  RMB  Robert  Ronald  rule  run  Sachs  safety  savings  scandal  scarcity  scheme  Scholars  School  Schuldenabkommen  Schuldenbremse  Schäuble  science  SDR  Sea  Sector  secular  security  Selbstdarstellung  Selbstfürsorge  self-actualization  self-employment  Self-esteem  self-improvement  self-interest  self-medication  self-regulation  selfish  sense  sentiment  Service  Services  servitude  share  shared  shareholder  sheet  short-term  short-termism  sick  side  Sigmar  Silicon  Slavoj  social  society  sociology  soil  solidarity  solvency  sovereign  sovereignty  Soziale  Sozialer  speculative  speech  spending  spin  squeezed  stagflation  stagnation  stakeholder  standard  state  status  STEM  Steve  Stiglitz  stigma  stimulus  storytelling  Street  stress  stresstest  structural  student  subsidies  subsidizing  substance  Super  supply  Supremacy  surcharge  sustainability  sustainable  symbol  Syriza  system  systemicrisk  systemrelevanz  taking  Taleb  Taper  targeting  tax  taxation  taxavoidance  taxevasion  TBTF  technocrat  tension  Thatcher  theory  thinking  Thomas  thought  timgeithner  TLTRO  to  too  toobigtofail  Tories  tourism  toxic  toxin  trade  trading  tragedy  transferunion  Transgender  transmission  transparency  trap  Treaty  trickle-down  triple-lock  Troika  trust  trustagent  Tsipras  TTIP  UK  UKIP  UN  uncertainty  unconventional  underemployed  underinvestment  unemployment  Unesco  unintended  union  United  Universal  unknown  unknowns  unkown  up  urban  urbanisation  USA  USD  Utopia  Valley  value  values  Varoufakis  Vegan  Versailles  vested  view  Virgin  visibility  vision  vocational  VPN  wage  Wall  WallStreet  war  warfare  warming  Wasserprivatisierung  waste  water  wealth  weather  Wegwerfgesellschaft  Weichmacher  Weidmann  welfare  well  Werkvertrag  Wertegesellschaft  western  White  White-collar  Whole-Food  Wicksellian  Wolfgang  work  Worker  workers  working  workplace  world  WW1  WW2  WWII  Yanis  Yen  yield  youth  yuan  Zeitarbeit  Zero  ZIRP  Zivilcourage  Zivilgesellschaft  Zizek  zombie 

Copy this bookmark:



description:


tags: