#SocioEcon 02myVitAct03_201108

TwitterFacebook
Get flash to fully experience Pearltrees

Richard D. Wolff - #Economic update - ...

Diaspora lets you sort your connections into groups called aspects. Unique to Diaspora, aspects ensure that your photos, stories and jokes are shared only with the people you intend. https://joindiaspora.com/#posts/430140

Economic Update on WBAI Sept 3 | Professor Richard D. Wolff

http://rdwolff.com/content/economic-update-wbai-sept-3 Published on September 4, 2011 Updates focus on (1) appointment of Prof Alan Krueger as Obama's chief economic advisor in relation to continuing high unemployment, (2) a medical study on the deaths resulting from poverty, and (3) the history of US national debt. In-depth analysis: how the economic crisis is affecting both private and Social Security pensions and how to improve Social Security's finances.
Während die Welt unter dem Joch der Spekulation an den Finanzmärkten leidet, konnte Deutschland seine finanzpolitische Situation in den letzten beiden Jahren merklich verbessern. Beleg dafür sind die deutlich gesunkenen Zinsen für Staatsanleihen, von denen nicht nur Deutschland, sondern auch andere Länder profitieren, die in den Turbulenzen der Finanzkrise als sicherer Hafen gelten. Anstatt diesen positiven Effekt dazu zu nutzen, zumindest im eigenen Lande die Krisenfolgen zu mildern, nutzt Deutschland die Gunst der Stunde, um ganz Europa auf den neoliberalen Kurs deutscher Schule zu zwingen. Die Folgen dieser Politik sind verheerend – auch für Deutschland. Von Jens Berger http://02mydafsoup-01.soup.io/tag/compil_Eurocris201109

Euro crisis 20110906 - compilation - offene Ablage: nothing to hide

Josef Ackermann just gave a terrifying speech about the fragility of the Euro banking sector right now. At a conference in Frankfurt he said , "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels." We have translated the speech based on Handelsbatt's, the organizer of the event where Ackermann spoke, account of it.

Deutsche Bank CEO Just Gave A Terrifying Speech In Frankfurt

http://www.businessinsider.com/josef-ackermann-euro-banks-speech-frankfurt-2011-9
At a conference in Frankfurt he said , "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels." "In recent weeks, the distrust of the financial markets has spread to the banks because they are now suffering from the debt crisis in Europe and have a lot of exposure to, for example, Greek bonds." "Since the financial crisis, some European banks have lost a third or more of their market capitalization," he said, according to Google Translate. "Most institutions have a rating of "below the book value or at best."

Deutsche Bank CEO Just Gave A Terrifying Speech In Frankfurt (DB) - offene Ablage: nothing to hide

http://02mydafsoup-01.soup.io/post/157103684/Deutsche-Bank-CEO-Just-Gave-A-Terrifying

Quand le peuple islandais vote contre les banquiers - offene Ablage: nothing to hide

Sous la pression des spéculateurs, de nombreux gouvernements ont fait le choix de l'impuissance. Consultés par référendum, les Islandais suggèrent une autre voie : adresser la facture de la crise à ceux qui l'ont provoquée. / Banque, Capitalisme, Économie, Finance, Mouvement de contestation, Parti (...) / Banque , Capitalisme , Économie , Finance , Mouvement de contestation , Parti politique , Politique , Spéculation , Islande , Néolibéralisme - 2011/05 http://02mydafsoup-01.soup.io/post/153394280/Quand-le-peuple-islandais-vote-contre-les
http://www.monde-diplomatique.fr/2011/05/SIGURGEIRSDOTTIR/20447

Quand le peuple islandais vote contre les banquiers, par Silla Sigurgeirsdóttir et Robert Wade (Le Monde diplomatique)

Petite île, grandes questions. Les citoyens doivent-ils payer pour la folie des banquiers ? Existe-t-il encore une institution liée à la souveraineté populaire capable d’opposer sa légitimité à la suprématie de la finance ?

Iceland's On-Going Revolution | Mostly Water - offene Ablage: nothing to hide

"…refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum… …93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated…launched civil and penal investigations into those responsible for the financial crisis… Icelanders didn't stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money… http://02mydafsoup-01.soup.io/post/152718762/Icelands-On-Going-Revolution-Mostly-Water
http://mostlywater.org/icelands_ongoing_revolution

Iceland's On-Going Revolution | Mostly Water

An Italian radio program's story about Iceland’s on-going revolution is a stunning example of how little our media tells us about the rest of the world. Americans may remember that at the start of the 2008 financial crisis, Iceland literally went bankrupt. The reasons were mentioned only in passing, and since then, this little-known member of the European Union fell back into oblivion. As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here's why:
“ Klare Worte vom Guardian: "In effect, Germany blew the bubbles that popped up in the rest of Europe." Ganzer Artikel: http://t.co/HiSPkSI ”

"Klare Worte vom Guardian: "In effect, Germany blew the bubbles that popped up..." - offene Ablage: nothing to hide

http://02mydafsoup-01.soup.io/post/153233837/Klare-Worte-vom-Guardian-In-effect-Germany

Which is the No 1 problem economy in Europe? | Aditya Chakrabortty | Comment is free | The Guardian

Slothful school holidays are upon us, but it's never too late for a geography test. So let me begin: which country has the fastest-growing inequality and poverty of any developed economy, according to the heavyweight OECD thinktank? Let me guess – you're thinking Broken Britain, or post-Dubya America. Wrong: it's in the euro. And – one final clue – workers here are paid some of the lowest wages in western Europe . Ah: Greece, Portugal or another of those eurozone basket cases in dire straits?