Bankers are the dictators of the West. But I will not hold my fire. It seems to me that the reporting of the collapse of capitalism has reached a new low which even the Middle East cannot surpass for sheer unadulterated obedience to the very institutions and Harvard "experts" who have helped to bring about the whole criminal disaster. Let's kick off with the "Arab Spring" – in itself a grotesque verbal distortion of the great Arab/Muslim awakening which is shaking the Middle East – and the trashy parallels with the social protests in Western capitals. We've been deluged with reports of how the poor or the disadvantaged in the West have "taken a leaf" out of the "Arab spring" book, how demonstrators in America, Canada, Britain, Spain and Greece have been "inspired" by the huge demonstrations that brought down the regimes in Egypt, Tunisia and – up to a point – Libya.
But this is nonsense. And that is the true parallel in the West. The banks and the rating agencies have become the dictators of the West. The day the euro died - Business Analysis. Not since the Berlin Wall came down have there been scenes like it. Merkelmania. There is no doubt about what has brought this transformation in her fortunes, those of her party, and those of Germany. After a few words of thanks, and in an unusually showy gesture, Chancellor Merkel picks out of her jacket pocket a 100 New Mark note. She waves it to the crowd.
The events of 16 September 2011, “the day the euro died”, could hardly have had a less dramatic start. In an airless conference room decorated only with a German flag, three middle-aged German jurists executed the European single currency as casually as if they had been asked to strike down a new law on dangerous dogs. Now the judges spoke. Almost before the words had dropped from the judge’s lips, the plate-glass windows of Europe’s banks were being caved in, farmers were blocking motorways, and the unions were out on strike. The court declared the verdict at 11.11am. But Europe’s politicians were not entirely unprepared. Agences de notation : ces hommes qui notent les États. Les analystes de Standard & Poor's, Moody's ou Fitch tiennent entre leurs mains une partie du destin financier de pays surendettés. David Beers, chez Standard & Poor's, s'est illustré ce week-end avec la dégradation de la note des États-Unis.
Il est présenté comme l'homme le plus puissant de la planète finance. Moustachu et grisonnant, grand fumeur, David Beers est dorénavant la figure publique de l'agence de notation Standard & Poor's. Après avoir dégradé la note des États-Unis le week-end dernier, l'agence new-yorkaise a mis en avant dans les médias anglo-saxons son grand chef de la notation pays. David Beers, directeur de la notation pays chez Standard & Poor's.Crédits photo : STAFF/Reuters «Vous n'en avez probablement jamais entendu parler, mais tous les ministres des Finances du monde ont eu affaires à lui», avance l'agence Reuters. «Caractère inflexible» Les analystes qui y participent ont plutôt des profils financiers.
Les attraits de la fonction » Les agences de notation décryptées. List of countries by current account balance. Cumulative Current Account Balance 1980-2008 based on the IMF data) Cumulative Current Account Balance per capita 1980-2008 based on the IMF WTO Data[edit] This Table shows the biggest Net Exporter and Net Importer in Nominal US Dollar based on WTO Trade Balance Data.[1] CIA World factbook Data[edit] This is a list of countries and territories by current account balance (CAB), based on data from 2011 (with some exceptions), as listed in the CIA World Factbook.[2] See also[edit] References[edit] The Jobless Rate for People Like You - Interactive Graphic. Linking jobs and education in the Arab world - McKinsey Quarterly - Public Sector - Education. The Arab world is experiencing unprecedented turmoil. Any evaluation of its root causes would include unemployment for youth between the ages of 15 and 24. More than 25 percent of youth in the Middle East are unemployed, the highest such rate in the world, while North Africa reports about 24 percent.
Unemployment among young females is even higher, reaching and exceeding 30 percent across the region. There is wide recognition that if nothing is done, unemployment levels are likely to rise further as a result of a demographic bubble: about one-third of the population is below age 15. As a result, millions of young people will enter the region’s workforce over the next ten years (exhibit). Exhibit The Arab world’s employable population will grow dramatically over the next 10 years. Enlarge So far, the region’s governments haven’t focused sufficiently on a vital component of the employment picture: how to ensure that the region’s young people have the right skills for the jobs being created. Slavoj Žižek · Shoplifters of the World Unite · LRB 19 August 2011. Repetition, according to Hegel, plays a crucial role in history: when something happens just once, it may be dismissed as an accident, something that might have been avoided if the situation had been handled differently; but when the same event repeats itself, it is a sign that a deeper historical process is unfolding.
When Napoleon lost at Leipzig in 1813, it looked like bad luck; when he lost again at Waterloo, it was clear that his time was over. The same holds for the continuing financial crisis. In September 2008, it was presented by some as an anomaly that could be corrected through better regulations etc; now that signs of a repeated financial meltdown are gathering it is clear that we are dealing with a structural phenomenon. We are told again and again that we are living through a debt crisis, and that we all have to share the burden and tighten our belts. The protesters, though underprivileged and de facto socially excluded, weren’t living on the edge of starvation.