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Why Are US Job Numbers Better Than Europe’s? Thank the Deficit! | Economy | AlterNet
Last Friday, Eurostat released the latest European unemployment data for November 2011. The results were horrific, with unemployment rates in Spain now close to 23 percent (as at November 2011 and rising) and Greece 18.8 percent (as at September 2011) and rising. Greece’s unemployment rate rose 4.8 per cent in the first 9 months of last year.
Wie man Schulden erfolgreich abbaut
Die Amerikaner werden für den geduldigen Umgang mit ihren Schulden oft gescholten. Jetzt gibt es plötzlich Anzeichen, dass die USA sich tatsächlich schneller entschulden. Beachtlich.
Men's Earnings Haven't Just Stagnated Over Past 40 Years--They've Fallen | Economy | AlterNet
A new report shows that full-time male workers in the United States were making less in real, that is, inflation-adjusted, dollars in 2009 than they were in 1969. Catherine Crampell at The New York Times Economix blog pointed to a disturbing article Thursday. It shows that full-time male workers in the United States were making less in real, that is, inflation-adjusted, dollars in 2009 than they were in 1969.
Exit from comment view mode. Click to hide this space Comments View/Create comment on this paragraph CAMBRIDGE – I have been presenting my new book The Globalization Paradox to different groups of late. By now I am used to all types of comments from the audience.
Economists and Democracy by Dani Rodrik - Project Syndicate
Oligarchy, American Style - NYTimes.com
Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come into focus, a reliable set of defenders tries to bring back the blur. Think tanks put out reports claiming that inequality isn’t really rising, or that it doesn’t matter. Pundits try to put a more benign face on the phenomenon, claiming that it’s not really the wealthy few versus the rest, it’s the educated versus the less educated. So what you need to know is that all of these claims are basically attempts to obscure the stark reality: We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only. The budget office laid out some of that stark reality in a recent report, which documented a sharp decline in the share of total income going to lower- and middle-income Americans.
Forscher der ETH haben die Weltwirtschaft systemtheoretisch unter die Lupe genommen. Ihr Fazit: Ein paar Konzerne besitzen die Macht über den globalen Kapitalismus. Dies birgt hohe Gefahren. ETH-Forscher aus dem Bereich Systemdesign haben den globalen Kapitalismus mit den Methoden der modernen Systemtherorie unter die Lupe genommen. Ihr Schluss: Eine kleine Gruppe von 147 Firmen kontrolliert den Grossteil der übrigen Wirtschaft.
Wenn 147 Konzerne die ganze Wirtschaft kontrollieren - News Wirtschaft: Unternehmen - tagesanzeiger.ch
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies , mainly banks, with disproportionate power over the global economy. The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.
Revealed – the capitalist network that runs the world - physics-math - 19 October 2011 - New Scientist
When markets fail | Bill Mitchell – billy blog
A repeating narrative during this crisis is that fiscal austerity is required in order to satisfy the “markets”, that amorphous collective of bond traders, gamblers, speculators, crooks and whatever else. The regular threats coming from the ratings agencies (those crooks who lied to investors in order to make profits via cosy deals with the originators of the “assets”) reinforce the idea that markets are the “regulators” of good judgement. Economics students are taught that one of the imperatives of government is to deregulate in order to allow the market signals to be clear and strong so we can act in accordance with the “markets” judgement of prudence. It is a paradigm built on a myth. Markets fail and easily become corrupted and arenas where criminals dominate. The signals they send are also deeply flawed and should not be acted upon.The European Central Bank (ECB) has been working hard to convince the world that it is not competent to act as a central bank. One of the main responsibilities of a central bank is to act as the lender of last resort in a crisis. The ECB is insisting that it will not fill this role. It is arguing instead that it would sooner see the eurozone collapse than risk inflation exceeding its 2.0 per cent target. It would be bad enough if the ECB's incompetence just put Europe's economy at risk. After all, there are tens of millions of people who stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics.
Time for the Fed to take over in Europe - Opinion - Al Jazeera English
Wage floor
Eurokrise: vor allem die Banken sind schuld « Herdentrieb
Bundesbankchef Weidmann hatte am Montag vor dem Berliner Haushaltsausschuss vor allem die unsolide Finanzpolitik für die Euro-Krise verantwortlich gemacht. Das ist zu kurz gesprungen – viel zu kurz. Erinnern wir uns: Der Ausgangspunkt der globalen Finanzkrise waren Not leidende amerikanische Schrotthypotheken (“ subprime mortgages “). Von systemgefährdender unsolider Finanzpolitik konnte im Jahr 2007, als der Interbankenmarkt weltweit kurz davor war zu kollabieren , nicht die Rede sein. Die heutigen Verschuldungsprobleme einiger europäischer Staaten und damit die existenzgefährdende Krise des Euro haben vor allem damit zu tun, dass die nur lax regulierten Banken Risiken eingegangen waren, die sich am Ende nicht mehr beherrschen ließen.
Euro-Krise: Mit Dummheit Geld machen - Politik - Tagesspiegel
Unser Autor beschreibt, wie er aus Zorn über die Politik in der europäischen Schuldenkrise zum Spekulanten wurde. Wem nutzt die Euro-Rettung wirklich? Zuweilen verraten ein paar unbedacht gesprochene Worte mehr als alle klugen Reden.They'd wanted to force UBS out of investment banking altogether in the wake of the last debacle, but were eventually persuaded that the bank would have been so neutered against international rivals that they grudgingly agreed, albeit with big safeguards, to allow it to carry on. They'll now be bitterly regretting their decision. In the scale of the sort of losses so recently recorded by UBS, the rogue trader's $2bn is scarcely here nor there, though admittedly it is serious enough to force UBS back into overall loss for the third quarter.
UBS trader Kweku Adoboli: The financial industry's capacity for self-harm knows no bounds - Telegraph
ökonomische bildung
Für eine bessere ökonomische Bildung! Die Initiative für eine bessere ökonomische Bildung, kurz iböb, ist ein lockerer Zusammenschluss von Personen aus unterschiedlichen Institutionen und Arbeitsfeldern. Die iböb. und ihre Unterstützerinnen und Unterstützer engagieren sich wissenschaftlich, politisch und praktisch für eine inhaltlich, methodisch und pragmatisch bessere ökonomische Bildung.energy supply
Least Cost Planning (Negawatt)
PPP (Public Private Partnership)