asterisk2a + maximization   40

ARM chip designer to be bought by Japan's Softbank
ARM-Who? bbc.in/29OUgUM //&! 43% premium // on.recode.net/29On8LK - One key question is whether other firms will let SoftBank purchase ARM or if there will be a bidding war. Apple, arguably ARM’s most important client, and Intel, which lost the mobile chip war to ARM, are both potential buyers. The offer is already a generous multiple. As the FT notes, it’s some 70 times ARM’s net income last year. That’s around the same price-to-earnings ratio as Facebook stock. //&! politicians grasping for a positive headline - bit.ly/29OyjUD - bit.ly/2an8nk6 &! bit.ly/29PpN7N &! bit.ly/29ODbdM << calling a takeover/M&A an investment is criminal. Softbank will extract value out of it for its shareholders. What else?! &! Labeling Softbank as a japanese company; bbc.in/29OhqdK &! Vince Cable worried - bbc.in/2a3c95T &! youtu.be/T4IZdNW-e5U :: M&A is not investment, stupid! misleading people.
M&A  SoftBank  Capital  shareholder  value  shareholder  capitalism  dividends  smart  phone  IoT  profit  maximisation  profit  maximization  equity  bubble  distortion  hunt  for  yield  ARM  Venture  Capital  ROI  Tories  nasty  party  Conservative  technological  unemployment  research  R&D  productive  investment  Intel  Apple 
july 2016 by asterisk2a
Up to 70% of people in developed countries 'have seen incomes stagnate' | Business | The Guardian
Research by the McKinsey Global Institute found that between 65% and 70% of people in 25 advanced countries saw no increase in their earnings between 2005 and 2014. The report found there had been a dramatic increase in the number of households affected by flat or falling incomes and that today’s younger generation was at risk of ending up poorer than their parents. Only 2% of households, 10 million people, lived through the period from 1993 to 2005 – a time of strong growth and falling unemployment – without seeing their incomes rise.
western  world  squeezed  middle  class  working  poor  Precariat  wage  growth  income  growth  income  distribution  inequality  Gini  coefficient  poverty  child  poverty  developed  world  recovery  GFC  austerity  secular  stagnation  wage  stagnation  wage  deflation  minimum  wage  minimumwage  mindestlohn  capitalism  capitalism  in  crisis  technological  unemployment  economic  history  OECD  IMF  Brexit  AfD  far  right  right-wing  far-right  income  inequality  income  mobility  social  mobility  income  redistribution  tax  avoidance  tax  evasion  neoliberal  neoliberalism  aggregate  demand  short-fall  aggregate  demand  Front  National  triple-lock  pension  UK  Germany  USA  France  shareholder  capitalism  winner  take  all  globalisation  globalization  profit  maximisation  profit  maximization  dividends  CEO  pay  career  ladder  Politicians  career  politician  No  Representation  Protest  Vote 
july 2016 by asterisk2a
Businesses must alter 'toxic' attitude to executive pay, PwC says | Business | The Guardian
Companies have failed to address a “toxic” attitude towards executive pay and face a government crackdown if they do not act to curb boardroom excess, according to a report by consultancy group PricewaterhouseCoopers.

In polling carried out by PwC last month, two-thirds of Britons said they believed executive pay was too high, and nearly three-quarters said it made them angry if a chief executive was paid a lot while their company was doing badly.
CEO  pay  CXX  shareholder  capitalism  shareholder  value  profit  maximisation  profit  maximization  crony  capitalism  capitalism  in  crisis  capitalism  winner  take  all  multinational  conglomerate  governance  corporate  governance  share  buyback  dividends  neoliberal  neoliberalism  Lobbying  lobby  lobbyist  Theresa  May 
july 2016 by asterisk2a
Why Brexit Is Good For Working People In Clear, Simple Terms - YouTube
Mark Blyth // + centrists lost the plot (leaders from 95 to today in western world - tony blair, clinton, cameron, schroeder, merkel, sarkozy, hollande, gordon brown ... IMF and OECD! and the central bankers. christine lagarde) // global trumpism // trickle down never worked! // Mark Blyth: The Why of Brexit - MR LIVE - 6/28/16 - https://youtu.be/arT40qHKuHQ?t=13m //&! Bhaskar Sunkara: A Marxist Perspective on Current Crises - MR Live - 6/27/16 - https://youtu.be/DcxN5n22OiE?t=14m30s
Mark  Blyth  Brexit  neoliberal  neoliberalism  trickle-down  economics  inequality  Gini  coefficient  social  mobility  income  mobility  Tony  Blair  David  Cameron  Angela  Merkel  Gerhard  Schroeder  Gerhard  Schröder  austerity  GFC  tax  evasion  tax  avoidance  recovery  Precariat  working  poor  immigration  poverty  child  poverty  student  debt  Donald  Trump  far-right  right-wing  TPP  TTIP  CETA  free  trade  Protest  Vote  10%  1%  Super  Rich  Establishment  Toff  Privileged  No  Representation  Westminster  Whitehall  Career  Politicians  politician  George  Osborne  Wolfgang  Schäuble  Schuldenbremse  Fiscal  Pact  economic  history  squeezed  middle  class  PIGS  Greece  technocrat  Yanis  Varoufakis  Nigel  Farage  AfD  UKIP  Greed  profit  maximisation  profit  maximization  economic  insecurity  structural  unemployment  youth  unemployment  long-term  unemployment  Elite  elitism  England  UK  USA  European  Union  Germany  policy  monetary  policy  Centrist  IMF  OECD 
july 2016 by asterisk2a
Facebook’s new algorithm change is what makes publishers so afraid of Facebook - Recode
Today, Facebook announced that it’s tweaking its algorithm so that users see less stuff shared by publishers and brands and more stuff from friends and family. This isn’t a nightmare scenario for publishers, but it’s pretty grim; websites and news organizations are leaning more and more on Facebook for growing their audiences, and Facebook just weakened a key traffic driver for them. //&! I hesitate to make this analogy, but publishers relying on Facebook are starting to look a whole lot like drivers who keep trusting Uber to make their lives better. - http://bit.ly/29kik4J
Facebook  profit  maximisation  profit  maximization  Newsfeed  algorithm  algo  algos  algorithms  Facebook  Instant  Articles  Social  Media  EULA  TOS  Platform  filter  bubble  filter  bubbles  Google  Search 
june 2016 by asterisk2a
The Incredible Shrinking Middle Class - YouTube
Canada: Generation Jobless - https://youtu.be/4UUuMWqA8eE - "The Plight of Younger Workers" (Report).& underemployed graduates w fancy sounding degrees. [...] EDUCATION INFLATION! [...] an education does no more guarantee a comfortable middle class jobs, and parents are disappointed. [...] globalisation of workforce plus automation, robotics, AI, augmented intelligence. the new GM's and Toyota's and DuPonts need less and less workers to catch ever greater pies of the current and future economy. [...] rise of the project focused self-employed and the Gig Economy. //&! (USA) Invisible Reality; The Working Poor - youtu.be/806PSngTKgg //&! FULL STORY: Generation Poor - youtu.be/lB4w8MQPdEE //&! FULL STORY: The Labour Trap - youtu.be/cHBo3LgXUPA - precarious work is now more and more the norm. as well as exploitation of those conditions.
squeezed  middle  class  working  poor  Precariat  precarious  employment  precarious  work  Zero  Hour  Contract  part-time  part-time  employment  underemployed  underemployment  structural  unemployment  overqualified  overqualification  social  mobility  income  mobility  western  world  USA  secular  stagnation  GFC  economic  history  Student  Loan  Bubble  debt  loans  youth  unemployment  demographic  ageing  population  Canada  OECD  low  pay  globalisation  emerging  middle  class  automation  Robotics  Robots  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  autonomous  cars  linkedin  IBM  Microsoft  Facebook  Instagram  WhatsApp  Oracle  Google  temporary  work  babyboomers  Baby  Boomers  self-employment  Gig  Economy  1099  Economy  Higher  Education  internship  apprenticeship  apprenticeships  exploitation  profit  maximisation  profit  maximization  shareholder  value  capitalism 
june 2016 by asterisk2a
Stocks are up. But it appears to us that the U.S. economy is going down. Go figure.
velocity is at 57yr low - WOW! the money that is in circulation is in less hands! the econ expanded according to GDP, but less and less $ reach on avg each hand. - "This is serious. The velocity of money tracks how often each dollar is used to buy something in the economy. Falling velocity shows that consumers and business are pulling back… becoming more reluctant to spend and invest… downsizing… and holding onto dollars rather than spending them. This has a similar effect as reducing the supply of money bidding for goods and services. Prices drop. Deflation, in other words. The bubble has developed a leak. The hot air is gushing out." //&! bit.ly/1MOxc9A //&! research.stlouisfed.org/fred2/series/M2V &! pieria.co.uk/articles/getting_things_wrong_federal_reserve_style - it is associated with stagnant NGDP [...] demand problem.
monetary  velocity  liquidity  trap  Richard  Koo  nominal  GDP  targeting  GDP  measurement  GDP  recovery  reflate  reflation  economic  history  money  supply  Fed  fiscal  policy  monetary  policy  Gini  coefficient  inequality  economic  harm  economic  damage  GFC  crony  capitalism  shareholder  capitalism  Greed  profit  maximisation  profit  maximization  squeezed  middle  class  Elizabeth  Warren  Joseph  Stiglitz  Paul  Krugman  Robert  Reich  Thomas  Piketty  2016  UK  USA  secular  stagnation  Pact  fiscal  stimulus  austerity  Schuldenbremse  social  mobility  income  mobility  working  poor  Precariat  low  pay  low  income  Service  Sector  Jobs  Zero  Hour  Contract  Contractor  self-employment  inflation  targeting  microeconomic  policy  macroeconomic  policy  Super  Rich  1%  plutocracy  oligarchy  capitalism  capitalism  in  crisis  self-regulation  book  shareholder  value  Wall  Street  meritocracy  meritocratic  post-racial  America  barackobama  Larry  Summers  Bernie  Sanders  Establishment  Privileged  deregulation  bank  bailout  social  safety  net  welfare  state  aggregate  demand 
april 2016 by asterisk2a
The Growth Trap
[ growing for growth sake! vs growing in a world/area that is not conducive to grow ] When Twitter went public in 2013, its stock soared and its value jumped to $25 billion. Its founders and early investors got rich. But since then, the company has been considered a failure, despite the fact that it boasts 320 million active users, because it's not growing fast enough. Douglas Rushkoff, author of "Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity," talks to Steve Paikin about why he sees the push for more growth as dangerous. // true capitalists (shareholder, crony, greedy) w/o self-regulation or governance extract all the value there is to extract and then leave, dispersing it to the few who already have [...] WE MUST REWRITE THE RULES OF THE GROWTH GAME ITSELF! [...] you want to optimise the economy based on velocity of money (circulation of money), not share price and value extraction [...]
Venture  Capital  Unicorn  shareholder  capitalism  Greed  shareholder  value  profit  maximisation  profit  maximization  Wall  Street  Wall  Street  activists  Yahoo!  Google  Inc.  Alphabet  Inc.  Microsoft  IBM  Intel  Oracle  capitalism  exploitation  Super  Rich  short-termism  short-term  thinking  1%  plutocracy  oligarchy  M&A  economic  growth  growth  round  Mutual  Fund  macroeconomic  policy  secular  stagnation  Private  Equity  MBO  Pivot  IPO  dividends  prosperity  Start-Ups  Start-up  s&p500  pension  scheme  pension  finite  resources  resource  depletion  economic  history  creative  destruction  share  buyback  Apple  capitalism  in  crisis  capitalist  Uber  monopoly  oligopol  oligopoly  antitrust  corruption  western  world  squeezed  middle  class  emerging  middle  class  BRIC  business  cycle  company  book  cost  center  overhead  costcutting  operating  performance  operating  margin  globalisation  globalization  Universal  Basic  Income  artificial  intelligence  AI  augmented  intelligence  Robotics  automation  structural  unemployment  materialism  consumerism  status  anxiety  disenfranchise  disenfranchised  youth  unemployment  post-capitalism  Mobile  Banlieue  deprivation  poverty  trap  poverty  meritocracy  meritocratic  Gini  value  coefficie 
april 2016 by asterisk2a
The tech industry has cut a Google’s worth of jobs in the past 12 months
bigger companies, more profitable products, with less people. // “It would be wrong to assume that increased job cuts are a sign of weakness in the tech sector,” Challenger, Gray & Christmas CEO John Challenger said in a statement. “The simple fact is that the industry is going through a transformation and companies either have to shift their focus or risk extinction. We will always need technology, but how we interact with it, as well as where and when we interact with it, are changing rapidly.” //&! http://recode.net/2016/04/19/intel-chipmaker-mobile-earnings-restructuring/ - Intel missed the mobile revolution. Now it faces its day of reckoning.
Silicon  Valley  Unicorn  Instagram  WhatsApp  productivity  Software  Eats  The  World  Software  Is  Eating  The  World  Software  Revolution  Software  Development  Slack  Facebook  profit  maximisation  profit  maximization  winner  take  all  IBM  Intel  Microsoft  Salesforce  antitrust  overhead  cost  center  AWS  cloudcomputing  Cloudstorage  Netflix  Amazon  Azure  Google  Cloud  Google  Inc.  Alphabet  Inc.  Oracle  Mobile  Creative  scalability  scaling  scale  Snapchat  Twitter  Apple  automation  robotics  AI  artificial  intelligence  3D  printing  autonomous  cars  self-driving  cars  labour  market  job  market  skill  gap  skills  gap  homescreen 
april 2016 by asterisk2a
Martin Lewis conforonts Osborne over his living wage con
companies cut back on perks, lunch breaks, and paid overtime arrangements. or change work arrangement; change to being self-employed contractor. //&! As predicted Osborne's national living wage is a con - youtu.be/MQfEWTN5hR4 - cut of overtime and weekend pay bonus. - ALSO THERE COMES AGE DISCRIMINATION. BECAUSE starts not for students!/<25years old! //&! bbc.co.uk/news/business-36082247 - Osborne warns firms not to cut perks on back of National Living Wage
living  wage  self-regulation  working  poor  Greed  profit  maximisation  profit  maximization  George  Osborne  Iain  Duncan  Smith  budget2015  minimum  wage  low  pay  low  income  self-employment  Contractor  Zero  Hour  Contract  HMRC  income  tax  receipts  Precariat  precarious  employment  precarious  work  tax  credit  poverty  working  tax  credit  working  condition  working  class  squeezed  middle  class  Trade  Union  Workers  Union  Service  Sector  Jobs  job  creation  shareholder  capitalism  crony  capitalism  regulation  regulators  capitalism  shareholder  value  productivity  output  gap 
april 2016 by asterisk2a
Revolutionary politics in the UK
// yanis is liberal marxist // &! Will John McDonnell's fiscal rules work for Labour? Paul Mason Vs John Rentoul - youtu.be/0EISho5eSUc - OBR econometrics dictated by Treasury, George Osborne w wonky multipliers that don't fit w IMF models. IMF calls for fiscal stimulus! since late 2015 because China's credit bubble popped and global economy started to head south.
Yanis  Varoufakis  Paul  Mason  Labour  Party  Jeremy  Corbyn  Bernie  Sanders  Marxism  democracy  No  Representation  Super  Rich  1%  oligarchy  plutocracy  tax  evasion  tax  amnesty  tax  avoidance  Soziale  Marktwirtschaft  fairness  Social  Justice  economic  bank  bailout  GFC  austerity  Generationengerechtigkeit  revolving  door  lobby  Greed  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Main  Street  squeezed  middle  class  working  poor  Precariat  poverty  trap  economic  history  UK  globalisation  globalization  global  economy  self-regulation  deregulation  regulation  regulators  secular  stagnation  trickle-down  economics  free  market  exploitation  liberal  economic  reform  self-employment  job  security  job  insecurity  Zero  Hour  Contract  antitrust  winner  take  all  gini  coefficient  inequality  deprivation  poverty  John  McDonnell  austerity  aggregate  demand  Richard  Koo  Joseph  Stiglitz  Schuldenbremse  Fiscal  Pact  economic  history  neoliberal  neoliberalism  OBR  Chicago  School  neoclassical  economics  infrastructure  investment  liquidity  trap 
april 2016 by asterisk2a
UK licences £2.8bn of arms sales to Saudis since kingdom entered Yemen war
theguardian.com/world/arms-trade //&! Civil servants in the Department for Business, Innovation and Skills are giving British companies the all-clear to press ahead with contracts even though they are likely to lead to human rights abuses, the foreign affairs select committee will be told on Tuesday. - bit.ly/1RiI3Xk
UK  arms  trade  USA  Germany  Saudi  Arabia  Greed  Middle  East  Wall  Street  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  War  on  Terror  military–industrial  complex  Surveillance-Industrial  Drone  Warfare  Drone  Wars  Yemen  ISIS  Career  Politicians  Party  Funding  constituency  babyboomers  human  rights  genocide  Tories  Conservative  Party  nasty  shareholder  capitalism  crony  capitalism  lobby 
april 2016 by asterisk2a
Fixation on box office hits is killing British theatre, says David Hare
Playwright says the craft is being damaged by focus on selling seats [ // Theatre now following into the steps of Hollywood and Television. ] [...] The playwright said: “Because subsidy is so stretched … every director of a theatre has an emollient eye on the box office. It is now assumed that what is good is that which succeeds.

“When I was young, British theatre was like a tree in which many different birds could nest. But now it’s just for the hawks. It’s not for the birds of plumage, who are not so welcome any more, mainly because they don’t fill the commercial imperative of selling every seat. That, I’m afraid, is how artistic directors are judged.” [ you are good if you are a commercial success, ie Michael Bay ]
Hollywood  Television  Entertainment  Industry  Music  Industry  creative  destruction  Greed  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  capitalism  culture  Arts  YouTube  Wall  Street 
april 2016 by asterisk2a
Capitalism and Mental Health: How the Market Makes Us Sick
POVERTY TRAP! // we were never as miserable as a nation as ever before.
profit  maximisation  profit  maximization  underinvestment  austerity  shareholder  capitalism  capitalism  in  crisis  capitalism  capitalist  working  poor  Precariat  squeezed  middle  class  status  anxiety  materialism  consumerism  consumerist  well  being  mental  health  burnout  work  life  balance  exploitation  exploited  part-time  part-time  employment  Contractor  self-employment  Soziale  Marktwirtschaft  cortisol  poverty  trap  poverty  child  poverty  low  pay  low  income  shareholder  value  Wall  Street  disposable  income  discretionary  spending  Robert  Skidelsky  Slavoj  Žižek  Disabled  vulnerable  DWP  WCA  Iain  Duncan  Smith  Stephen  Crabb  George  Osborne  David  Cameron  public  health  public  health  policy  public  health  risk  liberal  economic  reform  neoliberal  neoliberalism  JSA  sanctions  Food  Bank  self-medication  substance  abuse  abuse  alcohol  abuse  alcoholism  binge  drinking  coping  mechanism  GP  health  care  cost  health  care  demand  NHS  homeless  homelessness  Housing  Generation  Rent  UK  USA  precarious  work  precarious  employment  isolation  child  protection  education  policy  Self-esteem  sociology  psychology  Wertegesellschaft  Gesellschaft  values  Gentrified  Gentrifzierung  gentrification  Beton  Gold  Betongold  urban  planning  urbanisation  rat  capitalism  class  economic 
april 2016 by asterisk2a
Superbugs are on track to kill 10 million people by 2050 if things don’t change—fast
[under reported ] Today, 23,000 Americans die each year from infections caused by antibiotic-resistant bacteria, according to the US Centers for Disease Control and Prevention (CDC). Across the world, the estimated annual mortality rate is 700,000. If these trends continue, by 2050, 10 million people globally will die each year, as the potent diseases of previous centuries return to their old force, according to the Review on Antimicrobial Resistance. In 2012, the World Health Organization (WHO) reported an estimated 450,000 new cases of multidrug-resistant tuberculosis. The emergence of multiple drug-resistant pneumonia and E. coli bacteria strains are predicted to contribute significantly to increased mortalities due to their ability to spread rapidly through populations.
post-antibiotic  era  antibiotic  resistance  antibiotics  economic  damage  health  care  cost  Food  Politics  industry  Industrial  Farming  Industrial  Meat  Production  Meat  Poultry  livestock  livestock  industry  agriculture  self-regulation  MCR-1  E.  coli  C.  diff  pneumonia  tuberculosis  ESBL  MRSA  Hospital-acquired  infection  born  pathogen  borne  illness  poisining  poisoning  sepsis  septicaemia  gut  bacteria  Flora  microbiome  public  perception  public  awareness  public  opinion  public  debate  Zoonotic  Diseases  zoonosis  regulation  regulators  profit  maximisation  profit  maximization  shareholder  capitalism  shareholder  value  Wall  Street  Lobbying  lobby  lobbyist  revolving  door  Career  Politicians  No  Representation  democracy  Super  Rich  1%  plutocracy  oligarchy  pharma  pharmaceutical  industry  big  pharma 
april 2016 by asterisk2a
What Happens Next (In Europe)?
the odds of another crisis are higher than a rally to fresh records. [...]
“The 2009-2015 rally originated from two main drivers: a massive stimulus, and credit expansion in China,” said Goette, who’s a partner at his firm in Zug, Switzerland and helps oversee 1 billion Swiss francs ($1 billion).

“European earnings have not followed suit so far. Skepticism regarding central-bank operations has started to emerge.”
ECB  Brussels  recovery  reflate  reflation  China  credit  bubble  Germany  PIGS  zombie  banks  European  Bank  Supervision  European  Economic  Area  European  Election  2014  working  poor  squeezed  middle  class  Soziale  Marktwirtschaft  MarioDraghi  OMT  LTRO  monetary  policy  monetary  stimulus  Fiscal  Pact  Schuldenbremse  sovereign  debt  crisis  France  Brexit  Grexit  Angela  Merkel  Wolfgang  Schäuble  history  underinvestment  Richard  Koo  Yanis  Varoufakis  liquidity  trap  zombie  corporations  youth  unemployment  demographic  bubble  OAP  discretionary  spending  disposable  income  liberal  reform  Precariat  precarious  employment  low  pay  low  income  Minijob  Zeitarbeit  Leiharbeit  1  Euro  Job  Structural  Impediments  imbalance  unemployment  monetary  transmission  mechanism  monetary  union  union  Rechtsruck  Bundesbank  fault  lines  shareholder  capitalism  bailout  GFC  2016  PBOC  Exportweltmeister  zombie  Financial  Stability  Board  crony  capitalism  Deutsche  Bank  infrastructure  investment  competitiveness  Beton  Gold  Betongold  asset  allocation  Super  Rich  1%  oligarchy  plutocracy  democracy  tax  evasion  tax  avoidance  Wall  Street  shareholder  value  profit  maximisation  profit  maximization  Russia  Crimea  Ukraine  U 
april 2016 by asterisk2a
The Fed Sends A Frightening Letter To JPMorgan, Corporate Media Yawns
At the top of page 11, the Federal regulators reveal that they have “identified a deficiency” in JPMorgan’s wind-down plan which if not properly addressed could “pose serious adverse effects to the financial stability of the United States.” Why didn’t JPMorgan’s Board of Directors or its legions of lawyers catch this?

It’s important to parse the phrasing of that sentence. The Federal regulators didn’t say JPMorgan could pose a threat to its shareholders or Wall Street or the markets. It said the potential threat was to “the financial stability of the United States.” [...] “…the default of a bank with a higher connectivity index would have a greater impact on the rest of the banking system because its shortfall would spill over onto other financial institutions, creating a cascade that could lead to further defaults. High leverage,
corporate  media  media  conglomerate  too  big  to  bail  too  big  to  fail  too  big  to  jail  TBTF  jpmorgan  jpmorganchase  USA  GFC  recovery  liquidity  trap  repo  liquidity  squeeze  economic  history  Financial  Stability  Board  FinancialCrisisInquiryCommission  crisis  crony  capitalism  Greed  shareholder  capitalism  profit  maximisation  profit  maximization  investment  banking  retail  banking  leverage  CDS  engineering  CDO  MBS  subprime  FDIC  complexity  Fed  Janet  Yellen  Wall  Street  reflate  reflation  derivatives  credit  bubble 
april 2016 by asterisk2a
Casino Jack and the United States of Money (2010)
Director: Alex Gibney / Writer: Alex Gibney //&! https://youtu.be/zY5UuWkVq8g //&! all the bad fish got away! only the shark got caught // party and campaign financiers; wall street: fossil fuel followed by the emergence of silicon valley firms. // congress does not serve american people. average citizen does not have a voice. ... congress need of money exploited, fighting each other with more and more money! getting a leg up on your opponent. who they get the money to be elected or re-elected? those who have already money! [...] public finance would end it!
USA  corruption  Greed  bribery  revolving  door  PAC  Super  PAC  presidential  election  2016  shareholder  capitalism  profit  maximisation  profit  maximization  exploitation  Washington  Lobbying  lobby  lobbyist  Career  Politicians  Jack  Abramoff  campaign  donation  campaign  finance  Party  Funding  constituency  trust  Wall  Street  shareholder  value  global  warming  environmental  damage  self-regulation  regulation  regulators  ecological  damage  GFC  Enron  Worldcom  bank  bailout  TBTF  too  big  to  fail  too  big  to  bail  too  big  to  jail  conglomerate  multinational  tax  evasion  tax  amnesty  tax  avoidance  money  laundering  influence  peddling  Special  Interest  Group  groups  vested  Fossil  fuel  industry  Silicon  Valley  subprime  No  Representation  post-racial  America  American  Dream  plutocracy  oligarchy  Super  Rich  1%  democracy  meritocracy  meritocratic  Gini  coefficient 
april 2016 by asterisk2a
PMQs: Jeremy Corbyn David Cameron on tax figures
gov claims - closed loopholes 2010 12bn and this parliament 2015 16bn, ... and putting back 1bn into HMRC after raiding it in 2010. // PMQs: Kuenssberg, Paterson and Benn on Cameron v Corbyn - bbc.in/1Yui4OZ &! 'Panama Papers' dominate PMQs clashes - bbc.in/1YtK7OF //&!
budget2010  HMRC  tax  evasion  tax  amnesty  tax  avoidance  Google  Inc.  David  Cameron  George  Osborne  budget2015  Tories  nasty  party  Conservative  legal  loopholes  lobby  revolving  door  Career  Politicians  No  Representation  DWP  JSA  sanctions  spin  doctor  Panama  Papers  Positioning  PR  shareholder  capitalism  squeezed  middle  class  austerity  fairness  bank  bailout  GFC  Greed  profit  maximisation  profit  maximization  white-collar  crime  white-collar  fraud  corporate  crime  corporate  scandal  corporate  social  responsibility  CSR  accounting  scandal  Wall  Street  Main  Street  working  poor  tax  credit  ESA  Disabled  vulnerable  Soziale  Marktwirtschaft  crony  capitalism  capitalism  capitalism  in  crisis  Jeremy  Corbyn  Donald  Trump  Bernie  Sanders  money  laundering 
april 2016 by asterisk2a
Investors urge fast food and pub chains to act to reduce farm antibiotics
A group of powerful City investors who together control more than $1tn in assets have written to leading fast food, pub and restaurant chains urging them to take immediate action to reduce antibiotic use in their meat and poultry supply chains. [...] UK human campylobacter infections have become more resistant to antibiotic treatment. Percentage of human campylobacter cases tested that showed some degree of resistance to the antibiotic ciprofloxacin - approaches 50%!!! [...] Of the 17,332 human campylobacter cases tested in 2015 for resistance to ciprofloxacin, 48% had some degree of resistance to the drug. In 2005, this figure was 30%.
post-antibiotic  era  antibiotic  resistance  antibiotics  antibiotic-resistant  gonorrhea  STD  STI  food  industry  Poultry  Meat  livestock  farming  livestock  industry  Industrial  Meat  Production  Industrial  agriculture  economic  damage  Wall  Street  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  crony  capitalism  self-regulation  regulation  regulators  USDA  FDA  food  born  pathogen  food  borne  illness  Politics  food  fraud  food  hygiene  kitchen  hygiene  food  poisoning  food  poisining  Colistin  Ciprofloxacin  Campylobacter  MCR-1  public  health  risk  public  health  public  safety  WHO 
april 2016 by asterisk2a
Achselzucken schadet
Panama Papers Warum der Zynismus, mit dem die Leaks vielfach aufgenommen wurden, die falsche Reaktion auf die Enthüllungen ist [...] So wie es keine Neuigkeit ist, dass die globale Finanzelite sich eine juridisch-ökonomische Parallelwelt geschaffen hat. [...] Dennoch ist der fatalistische Zynismus, mit dem die Leaks vielerorts aufgenommen wurden, nicht nur falsch, sondern sogar gefährlich. Aus zwei Gründen: zum einen, weil der Zynismus eine Sprache ist, die der Neoliberalismus perfekt beherrscht. „Der Zyniker“, so schreibt etwa der Philosoph Franco Berardi, „ist ein leichter Schläfer: Er schläft traumlos und wacht auf, sobald die Macht ihn ruft.“ Wer sich in solcher Abgeklärtheit einrichtet, muss sich nicht wundern, wenn am Ende alles so bleibt, wie es ist.
Panama  Papers  cynicism  tax  amnesty  tax  avoidance  tax  evasion  Super  Rich  1%  oligarchy  plutocracy  Establishment  Privileged  squeezed  middle  class  working  poor  Precariat  voter  turnout  Lügenpresse  refugee  crisis  immigration  migration  trickle-down  economics  free  market  self-regulation  lobby  revolving  door  Career  Politicians  trust  western  world  Niall  Ferguson  secular  stagnation  democracy  corruption  bribery  Schwarze  Kassen  Schwarzgeld  austerity  budget  deficit  bank  bailout  GFC  recovery  crony  capitalism  shareholder  capitalism  Wall  Street  profit  maximisation  profit  maximization  No  Representation 
april 2016 by asterisk2a
Tyler Cowen: "The Great Stagnation", Michael Vassar & Cowen Debate at Singularity Summit 2011
gains are harder to come by! low hanging fruit gone. [...] VISION IS NEEDED TO GET THE JOB DONE.
secular  stagnation  western  world  underinvestment  R&D  R&D  innovation  Innovators  Dilemma  rentier  rent-seeking  oligopol  oligopoly  winner  take  all  babyboomers  Generationengerechtigkeit  fairness  austerity  triple-lock  pension  pension  obligation  recovery  Super  Rich  1%  plutocracy  oligarchy  No  Representation  lobby  Career  Politicians  OAP  demographic  bubble  ageing  population  sick  population  health  crisis  economic  damage  climate  crisis  climate  change  global  warming  productivity  gap  output  gap  GDP  measurement  GNP  nominal  GDP  targeting  inflation  targeting  BRIC  creative  destruction  Mobile  Debt  Super  Cycle  servitude  servicing  service  income  tax  receipts  tax  evasion  tax  avoidance  Moore's  Law  COP21  macroeconomic  policy  microeconomic  policy  OECD  IMF  crony  capitalism  Privileged  Establishment  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  revolving  door  Wall  Street  squeezed  middle  class  working  poor  disposable  income  trickle-down  economics  neoliberal  neoliberalism  discretionary  spending  renewable  energy  infrastructure  investment  Smart  Grid  AI  artificial  intelligence  augmented  intelligence  Autonomous  Cars  ZIRP  NIRP  QE  New  stagnation 
april 2016 by asterisk2a
Piketty: EU should welcome one million immigrants a year
"The European Union has the capacity to absorb a large flow of migrants, one million per year in terms of inflow net of outflow," he said.
"This is exactly what we had between 2000 and 2010 and this was working in the sense that unemployment was being reduced.
"The problem is - with the austerity policies and with the recession - now we are in a situation where it's very difficult in particular with southern Europe, with the terrible economic situation that we have created there in particular." [...] The population of the EU has only risen by 0.2% a year since 1995, he argues, compared to 1.2% for the world's population over the same period.
According to Eurostat, the official statistical arm of the European Commission, a total of 3.4 million people came to the EU during 2013. Some 2.8 million left, leaving a net immigration figure of around 600,000. [S]low growth [...] exacerbated not just by a lack of immigration but also by austerity policies aimed at reducing public expenditure. [EU in recession 2011 forward]
immigration  migration  refugee  crisis  Integrationspolitik  Sozialpolitik  youth  unemployment  austerity  GFC  secular  stagnation  Richard  Koo  ageing  population  demographic  bubble  social  safety  net  pension  obligation  economic  history  welfare  state  Gini  coefficient  Super  Rich  inequality  social  mobility  income  mobility  plutocracy  oligarchy  Precariat  working  poor  squeezed  middle  class  hartz-iv  Aufstocker  neoliberal  neoliberalism  Soziale  Marktwirtschaft  ALG2  Zeitarbeit  Leiharbeit  Minijob  part-time  employment  Contractor  self-employment  Zero  Hour  Contract  underinvestment  disposable  income  discretionary  spending  Robert  Skidelsky  bank  bailout  Fiscal  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  Leadership  Wall  Street  shareholder  capitalism  crony  capitalism  lobby  No  Representation  Career  Politicians  democracy  European  Union  UK  Elizabeth  Warren  Paul  Krugman  Robert  Reich  Joseph  Stiglitz  carbon  tax  policy  folly  policy  error  right-wing  far-right  Rechtsruck  recovery  nominal  GDP  targeting  inflation  targeting  finite  resources  resource  depletion  GNP  GDP  GDP  measurement  profit  maximisation  profit  shareholder  policy  income  inequality  income 
april 2016 by asterisk2a
Pfizer's merger collapse prompts speculation it will seek new takeover
$160bn tie-up with Allergan, which would have been world’s biggest pharmaceutical deal, scuppered by US tax crackdown [...] first announced in November and now abandoned after the US Treasury Department stunned financial markets with measures to clamp down on tax efficient mergers and takeovers. [...] The merger plan had been motivated by the ability to save as much as $1bn in tax annually by shifting Pfizer’s domicile from New York to Ireland, after Allergan moved its base there a year ago in a similar move. Allergan moved its head office to Dublin after a reverse merger with the Irish drugmaker Actavis. [...] [ from the inside of Allergan ...] “It really looked like they [the US government] did a very fine job at constructing a temporary rule to stop this deal and obviously it was successful,”
tax  evasion  tax  avoidance  M&A  accounting  scandal  shareholder  capitalism  big  pharma  pharma  pharmaceutical  industry  Wall  Street  shareholder  value  profit  maximisation  profit  maximization 
april 2016 by asterisk2a
Why Everyone Must Get Ready For The 4th Industrial Revolution
For example, as automation increases, computers and machines will replace workers across a vast spectrum of industries, from drivers to accountants and estate agents to insurance agents. By one estimate, as many as 47 percent of U.S. jobs are at risk from automation. Many experts suggest that the fourth industrial revolution will benefit the rich much more than the poor, especially as low-skill, low-wage jobs disappear in favor of automation.

But this isn’t new. Historically, industrial revolutions have always begun with greater inequality followed by periods of political and institutional change. The industrial revolution that began at the beginning of the 19th century originally led to a huge polarization of wealth and power, before being followed by nearly 100 years of change including the spread of democracy, trade unions, progressive taxation and the development of social safety nets.
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april 2016 by asterisk2a
Panama Papers (BBC)
links to 72 current or former heads of state [...] dictators looting their own countries [...] helped clients launder money, dodge sanctions & evade tax. [...] never been accused or charged with criminal wrong-doing [...] company is a corporate screen established principally to protect the identity and confidentiality of the ultimate beneficial owner of the company. [...] + Icelandic Prime Minister //&! bbc.in/232EEVN &! How To Insight - bbc.in/1M8Xi6N &! The Guardian - bit.ly/232F3Hz &! Reddit - redd.it/4d8rta &! panamapapers.sueddeutsche.de & live ticker tuesday - bbc.in/23cAl6M &! bbc.in/1TyCuXT - Panama is British Territory as is Cayman Islands et al. //&! Change the rules and close the loopholes! Duh. No need to ask others to stop doing business or change their rules!
Panama  Papers  tax  amnesty  tax  avoidance  tax  evasion  money  laundering  offshore  banking  white-collar  crime  white-collar  fraud  tax  loopoles  HMRC  shareholder  capitalism  shareholder  value  profit  maximisation  profit  maximization  Wall  Street  No  Representation  Career  Politicians  Whistleblower  corruption  bribery  investment  banking  revolving  door  lobby  Greed  GFC  Super  Rich  1%  plutocracy  oligarchy  austerity  budget  deficit  George  Osborne  double  standard  governance  transparancy  accountability  transparency  sanctions 
april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
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april 2016 by asterisk2a
Government planning to repeal animal welfare codes
Poultry industry to oversee chicken-farming standards as ministers move to create industry-led deregulation. Conservative ministers are planning to repeal an array of official guidance on animal welfare standards, starting with a move to put the code on chicken-farming into the hands of the poultry industry.

Liz Truss, the environment secretary, is overseeing moves to scrap the statutory codes on farm animal welfare and move to an “industry-led” guidance as part of her department’s deregulatory agenda. [ so industry funds its own regulatory body, lol! ] [...] Other sectors that could get control of their own guidance include the cattle, sheep and pig farming industries. //&! Poultry deregulation plans risk bringing back dark days of food scares. History shows problems start when food companies police themselves: think salmonella, BSE, foot and mouth, swine flu - bit.ly/1UON3ai - Privatisation move! Austerity. Self-regulation.
carbon  tax  COP21  meat  tax  Lobbying  lobby  lobbyist  livestock  farming  livestock  industry  Industrial  Industrial  Production  agriculture  agriculture  industry  agriculture  policy  UK  Tories  Conservative  Party  nasty  trickle-down  economics  free  market  deregulation  regulation  regulators  Privatisation  austerity  ecological  disaster  ecological  damage  ecological  footprint  carbonfootprint  methane  greenhouse  gases  global  warming  climate  change  food  born  pathogen  food  borne  illness  antibiotic  resistance  antibiotics  post-antibiotic  era  shareholder  capitalism  profit  maximisation  profit  maximization  shareholder  value  Wall  Street  Campylobacter  animal  welfare  animal  cruelty  humane  slaughter  Poultry  Dairy  Milk  Overfishing  Fish  public  health  public  health  policy  public  safety  sick  population  health  crisis  BSE  swineflu  swine  flu  Zoonotic  Diseases  zoonosis  Salmonella  Salmonella  Poisoning 
march 2016 by asterisk2a
Hey Britain – Your Kids Have Just Been Privatised
"Thatcher said the problem with socialism is that you run out of other people money. Henry VIII will tell you the problem with crony capitalism is you eventually run out of other people’s assets to sell." [...] In George Osborne’s mercurial March 2016 budget he showed his own Machiavellian sleight of hand. He is now seen as a politician whose leadership ambitions come before the welfare of the British people. Osborne’s allegiance is to The City not the country. When he and Peter Mandelson holidayed on financier Nat Rothschild’s yacht do you think they talked about free school meals and increasing the economic opportunities of the people in Grimsby? [...] Look at his actions and we see that one of Osborne’s aims is to reinstate the class divisions that began to ebb away with socially progressive policies. This last budget sought to weave a line into the fabric of society between the haves and have-nots. [...] We are at the end of the debt cycle and there’s nowhere else to go. [...] This is not the budget for the next generation of young people. This is the budget for the next generation of rent-seekers, moneymen and crony capitalists.
education  policy  Privatisation  UK  budget2016  Michael  Gove  Nicky  Morgan  George  Osborne  David  Cameron  PISA  Iain  Duncan  Smith  DWP  Gini  coefficient  deprivation  poverty  trap  austerity  Council  income  tax  receipts  secular  stagnation  child  poverty  food  poverty  social  mobility  income  mobility  PR  Positioning  spin  doctor  neoliberal  neoliberalism  trickle-down  economics  dogma  ideology  underinvestment  Richard  Koo  property  bubble  Tony  Blair  constituency  babyboomers  pension  obligation  triple-lock  pension  Generationengerechtigkeit  infrastructure  investment  competitiveness  fairness  rentier  rent-seeking  Ofsted  crony  capitalism  shareholder  capitalism  shareholder  value  profit  maximisation  Wall  Street  profit  maximization 
march 2016 by asterisk2a
The Privatising Industry in Europe
Do you wonder why the 'Troika' persists in its privatisation agenda despite the evidence of its failures and the growing economic and social costs?
The report “The Privatising Industry in Europe”, written by Sol Trumbo Vila and Matthijs Peters for the Transnational Institute, TNI, suggests two possible motives and shows who the ‪#‎BigWinners‬ of those privatisations are. - https://www.tni.org/en/publication/the-privatising-industry-in-europe - The rationale put forward by advocates of privatisation does not stand up to the evidence. Privatisation has failed to provide promised revenue as only profitable firms are being sold and consistently at undervalued prices. Meanwhile the latest research by the IMF and by European universities show that there is no evidence that the privatised firms are more efficient than state-owned firms. [...] Privatisation in Europe has encouraged a growth in corruption,
Privatisation  austerity  Troika  neoliberal  neoliberalism  trickle-down  economics  oligarchy  plutocracy  1%  Super  Rich  shareholder  capitalism  shareholder  value  profit  maximisation  profit  maximization  Wall  Street  Main  Street  budget  deficit  Richard  Koo  exploitation  revolving  door  Career  Politicians  Wolfgang  Schäuble  Angela  Merkel  Yanis  Varoufakis  IMF  World  Bank  economic  history  dogma  ideology  Royal  Mail  white-collar  crime  white-collar  fraud  corruption  bribery  nepotism  Schwarze  Kassen  Schwarzkasse  Chicago  School  free  market  self-regulation 
march 2016 by asterisk2a
Online prices: Caveat emptor.com | The Economist
The transparent user = Transparent Consumer = Guide to Profit Maximisation.

"The makers of price-customisation software are eagerly promoting its potential for boosting profit margins; those firms trying it out are, perhaps unsurprisingly, less keen to talk about it."
online  shopping  datamining  data  pricing  profit  maximization  capitalism  Amazon  algorithms  internet  security  consumer  ecommerce 
june 2012 by asterisk2a

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