The capitalist network that runs the world - physics-math - 19 October 2011 - Summify. 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. The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. The Zurich team can. 1. MARK CUBAN: 'Tax The Hell Out Of Wall Street And Give It To Main Street'
My Soapbox Advice to the OWS Movement and then some Oct 14th 2011 8:53PM I may not know much, but I know a lot of it. So I decided to share my opinions and thoughts on what I would do if the OWS movement either elected me Grand Poobah or asked for my advice: 1. The Great Lie of Wall Street. Every CEO tells the same great white lie. Great CEO White Lie = “We are acting in the best interests of shareholders.” When a CEO utters this lie, everyone automatically forgives whatever they do. The problem is that unless the company is losing money and it is the only way to keep the company alive, in this era of 9.1pct unemployment it NEVER is in the BEST INTEREST OF SHAREHOLDERS. Shareholders, whether they own shares directly or through mutual funds or pensions do not live in a corporate vacuum.
If OWS really wants to change corporate structure and impact the economy, talk to shareholders. You might even consider buying a share of stock. 2. 3. Crazy? 4. Fixing Executive Compensation Why ? Research: growth curve - CPO Agenda. Summer 2011 A reduction in cost constraints and an emphasis on adding value and supporting innovation has led to renewed optimism among CPOs.
By Rima Evans A broader focus on value adding activity instead of cost cutting alone by procurement is among the key findings of CPO Agenda’s most recent six-monthly economic survey – highlighting once again that businesses are gearing for growth. A shift in emphasis is evident both in procurement organisations’ internal agenda with targets, priorities and resourcing adapting to reflect a more positive business climate; and in its dealings with suppliers, where a sustainable approach to cost saving is replacing the more reactive tactics employed during the downturn. However, some challenges remain – particularly around talent and commodities prices.Rob Woodstock, senior executive in the supply chain management practice at Accenture says overall the survey confirmed current trends. “This is very important and can often be underestimated. Li agrees. Happiness: How's life? A STIMULATING report released last week by the OECD, a think tank, attempts to measure people's well-being across 40 developed countries.
The report, called “How's Life?” , looks at some common economic metrics like income, employment, health, education and the environment. But it also includes less familiar measures such as social-network support, victimisation, life satisfaction, leisure time and commuting times. Among the report's findings: Having a job is an essential element of well-being. The report is part of a welcome drive within the economics profession to take the assessment of well-being beyond measurements of gross domestic product per head. Some may balk at all this touchy-feeliness.