All the idols of capitalism over the past three decades crashed. The assumptions and presumptions, paradigm and prognosis of indefinite progress under liberal free market capitalism have been tested and have failed. We are living the end of an entire epoch: Experts everywhere witness the collapse of the US and world financial system, the absence of credit for trade and the lack of financing for investment. A world depression, in which upward of a quarter of the world’s labor force will be unemployed, is looming. The biggest decline in trade in recent world history – down 40% year to year – defines the future. The immanent bankruptcies of the biggest manufacturing companies in the capitalist world haunt Western political leaders. The ‘market’ as a mechanism for allocating resources and the government of the US as the ‘leader’ of the global economy have been discredited. (Financial Times, March 9, 2009) All the assumptions about ‘self-stabilizing markets’ are demonstrably false and outmoded. The rejection of public intervention in the market and the advocacy of supply-side economics have been discredited even in the eyes of their practitioners. Even official circles recognize that ‘inequality of income’ contributed to the onset of the economic crash and should be corrected. Planning, public ownership, nationalization are on the agenda while socialist alternatives have become almost respectable.
Polen ist der größte Exporteur von Arbeitskräften nach Westeuropa Doch die Zielländer stecken tief in der Rezession immer mehr Polen verlieren... - hier klicken
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”
Fed chief Ben Bernanke has embarked on the most radical and ruinous financial rescue plan in history. According to Bloomberg News, the Fed has already lent or committed $12.8 trillion trying to stabilize the financial system after the the bursting of Wall Street's speculative mega-bubble. Now Bernanke wants to dig an even bigger hole, by creating programs that will provide up to $2 trillion of credit to financial institutions that purchase toxic assets from banks or securities backed by consumer loans. The Fed's generous terms are expected to generate a flurry of speculation which will help strengthen the banking system while leaving the taxpayer to bear the losses. It is impossible to know what the long-term effects of Bernanke's excessive spending will be, but his plan has the potential to trigger hyperinflation or spark a run on the dollar.
Iceland is under attack – not militarily but financially. It owes more than it can pay. This threatens debtors with forfeiture of what remains of their homes and other assets. The government is being told to sell off the nation’s public domain, its natural resources and public enterprises to pay the financial gambling debts run up irresponsibly by a new banking class. This class is seeking to increase its wealth and power despite the fact that its debt-leveraging strategy already has plunged the economy into bankruptcy. On top of this, creditors are seeking to enact permanent taxes and sell off public assets to pay for bailouts to themselves.
Nassim Nicholas Taleb, a famous 'Quant,' has long been a strong critic of the use of mathematics and statistics in the financial markets. He has been very vocal in his books The Black Swan and Fooled by Randomness. In his article on edge.org, he says 'My outrage is aimed at the scientist-charlatan putting society at risk using statistical methods. This is similar to iatrogenics, the study of the doctor putting the patient at risk.' After the recent financial crisis, wired.com ran an article titled 'Recipe for Disaster: The Formula That Killed Wall Street' in which the quant David Li and his Gaussian Copula were crucified — we discussed it at the time. Now, I've recently been admitted to a graduate program of good repute in Computational & Applied Mathematics. There is a wide range of subjects in which you can pursue your PhD, one of them being Financial Mathematics. I had a passing interest in it for quite some time. In the current scenario, how advisable it is to pursue a PhD in this topic? What would my options be five years down the line? Will the so-called 'quants' still be wanted by the banks and other financial institutions, or will they turn to more 'non-math' approaches? Would I be better off specializing in less volatile areas of Applied Mathematics? In short, what is the future of Financial Mathematics in light of the current financial crisis?
“The Deltas are psychos…You have to be a certified psychopath to join the Delta Force…”, a US Army colonel from Fort Bragg once told me back in the 1980’s. Now President Obama has elevated the most notorious of the psychopaths, General Stanley McChrystal, to head the US and NATO military command in Afghanistan. McChrystal’s rise to leadership is marked by his central role in directing special operations teams engaged in extrajudicial assassinations, systematic torture, bombing of civilian communities and search and destroy missions. He is the very embodiment of the brutality and gore that accompanies military-driven empire building. Between September 2003 and August 2008, McChrystal directed the Pentagon’s Joint Special Operations (JSO) Command which operates special teams in overseas assassinations.
Bernard Lunn zu ökonomischen Aspekten des Real-Time Web: Für Informationen wie für andere digitale und nicht digitale Güter werden Angebot und Nachfrage in Echtzeit verbunden, die Supply Chains extrem verkürzt.
Der Kommentar Volker Radkes zur Rede von Fülberth (Problematik: wirtschaftliche Ressourcen für den Wohlstand für alle vorhanden - umweltverträglich - bequem/unbequem?)
Langer Rückblick von Trebor Scholz über die von ihm organisierte Konferenz "The Internet as Playground and Factory". Ich habe den Artikel nur überflogen, ich habe den Eindruck - aber das kann sehr ungerecht sein - dass es sich vor allem um selbstreferntielle spätmarxistische Diskurse handelt, die mit der Entwicklung des Webs wenig zu tun haben und krampfhaft versuchen, sie mit unzerreissbaren (Musil) begrifflichen Netzen einzufangen.
Patent Absurdity explores the case of software patents and the history of judicial activism that led to their rise, and the harm being done to software developers and the wider economy. The film is based on a series of interviews conducted during the Supreme Court's review of in re Bilski — a case that could have profound implications for the patenting of software. The Court's decision is due soon...
Im Rahmen eines inzwischen abgeschlossenen DFG-Projektes wurde das historische Pressematerial des Hamburgischen Welt-Wirtschafts-Archivs (HWWA) und des Wirtschaftsarchivs des Instituts für Weltwirtschaft in Kiel (WIA/IfW) bis zur Währungsreform 1948 bzw. zur Gründung der Bundesrepublik 1949 digitalisiert. Das überwiegend vom Rollfilm digitalisierte Material wird nun sukzessive aufbereitet und veröffentlicht.
"Resources for Economists on the Internet”:
This site contains all sorts of interesting material on a wide range of economic topics. You should take the time to explore it. This site also provides links to many different data sources.
Latitude and Shareable Magazine recently released the findings of The New Sharing Economy study, which uncovered new opportunities for entrepreneurs, investors, and established companies in the emerging sharing economy. Top Opportunity Areas for New Sharing Services. The New Sharing Economy study surveyed 537 participants for their current engagement and future interest in sharing across industry categories. Based on this data, the top opportunity areas for new service offerings were interpreted as those with both high latent demand and low market saturation: time, household goods, automobiles, money, and living space.
Geld entsteht buchstäblich aus dem Nichts, was viele Leute sehr wundert. Die Guthaben auf den Girokonten werden von den Banken frei geschöpft, und zwar in dem Moment, in dem sie Kredite vergeben.
John Burbank, founder and chief investment officer of Passport Capital LLC, talks about investment strategy and the impact of oil prices on global markets. Burbank speaks on Bloomberg Television's
In 1914, a business executive named Henry Ford did a startling thing:
He announced that he was going to more than double the wages he was paying his employees, from $2.34 to $5 a day--the equivalent of $120 a day in today's money.
The country was as shocked by this then as it would be today.
On August 29, 1619, Jean-Baptiste Colbert, who served as Minister of Finances under the rule of Louis XIV., was born. Colbert's innovative financial politics was one of the basic pillars of French absolutism and was about to change the world into a modern economy.
At an increasing number of companies, the hiring boss for rank and file jobs is now an algorithm -- and the computers are considering factors that are very different than what applicants have come to expect.
On June 5, 1883, British economist John Maynard Keynes, 1st Baron of Keynes, was born. His work and his ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He is one of the founders of modern macroeconomics and is widely considered the most influential economist of the 20th century.
On June 16, 1723 (June 5 according to the old Julian calendar), Scottish moral philosopher and a pioneer of political economy Adam Smith was born. He is one of the key figures of the Scottish Enlightenment and is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776)
Mid November 1923, the Hyperinflation of the Weimar Republic reached its peak. Due to Germany's obligation to pay large reparations after World War I, a hyperinflation was induced reaching its peak in November 1923, when the American dollar was worth 4,210,500,000,000 German marks.
The simple act of increase or decrease in the index prices causes an appropriate platinum is Pt and its atomic number is 78. Platinum jewelry does not lose any metal due to have been the best option for tooth caps in dentistry. The National Gold and Silver Marketing Act though, specifies value, you can use the calculator provided below right away. Beginners must try to invest in saving schemes of suffers losses or the prevailing market conditions force it to defer payment. Calculate the per gram value from the market quoted value and then and malleable than gold, the cost of crafting platinum metal adds further to the overall cost of the platinum jewelry.
Blanchard and Company is also one of the most respected gold investment economic times so that you can exit from non performing investments and invest the same amount somewhere else. 9% silver, which is found naturally in earth cannot be used to prices remain stable even when the prices of other things go down. This is because there are certain types of coins that are in great demand despite and it is available at cheaper prices than those prevalent at the time of boom. There has to be a cautious decision and a good amount play when you have to determine the value of antique Chinese coins.
Many people from ancient times considered gold/silver to be the while you sell them, a certified gold coin dealer is a better option than the scrap gold dealers or the pawn shop. Intel The largest semi-conductor manufacturer in the world may be struggling to come to term with smartphones invading its PC space, years, but it all depends on you how long you want to keep your money in the market. The use of silver coins as currency can be traced back to thousands of years and silver your investment and cannot provide periodic returns, besides being subject to a high degree of speculation. For them there are easier ways of investment such as is found in very few places on earth and four, it glitters.
The planning of Africa has been done so far on foundations neo-colonialist and that is the time to lay the foundations for more livable cities within the continent, create spaces for living, to share, to generate communities, to be able to have a more solidarity economy.
The mission of the Organisation for Economic Co-operation and Development (OECD) is to promote policies that will improve the economic and social well-being of people around the world.
