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The Book of Jobs

The Book of Jobs
What this transition meant, however, is that jobs and livelihoods on the farm were being destroyed. Because of accelerating productivity, output was increasing faster than demand, and prices fell sharply. It was this, more than anything else, that led to rapidly declining incomes. Farmers then (like workers now) borrowed heavily to sustain living standards and production. The cities weren’t spared—far from it. The value of assets (such as homes) often declines when incomes do. Given the magnitude of the decline in farm income, it’s no wonder that the New Deal itself could not bring the country out of crisis. The Agriculture Adjustment Act, F.D.R.’s farm program, which was designed to raise prices by cutting back on production, may have eased the situation somewhat, at the margins. The parallels between the story of the origin of the Great Depression and that of our Long Slump are strong. Two conclusions can be drawn from this brief history. Related:  Austerity or growth

How Technology is Recreating the 21st-century Economy W. Brian Arthur, PARC Visiting Researcher series: Entrepreneurial Spirit 4 August 20115:30-7:00pmGeorge E. Pake Auditorium, PARCmap/ directions about PARC forum description Every 50 years or so a new body of technology comes along and slowly transforms the economy. Brian Arthur -- an external professor at the Santa Fe Institute, pioneer of complexity theory, and longtime PARC Visiting Researcher – will attempt to answer these and other questions in this PARC Forum talk. Digital technology runs deeper than merely providing computation, internet commerce, and social media. presenter(s) W. Arthur pioneered the modern study of positive feedbacks/ increasing returns in the economy -- in particular, their role in magnifying small, random economic events -- and this work became the basis of our understanding of the high-tech economy. Among his many honors, Arthur received the Schumpeter Prize in economics and the Lagrange Prize in complexity science. audio

'Breng ons tegen maandagmorgen 2 miljard extra besparingen of anders...' Volgens de Europese Commissie overschat de regering-Di Rupo de opbrengst van de strijd tegen fiscale fraude en de inperking van de notionele interestaftrek. Di Rupo houdt er ook geen rekening mee dat hard saneren de economie doet krimpen. Dus... moet er nog wat harder bespaard worden. Tegen maandagmorgen moet Di Rupo op zoek naar 2 miljard euro. “Dear Steven”, zo begint de brief van Europees Commissaris Olli Rehn aan de Belgische minister van Financiën Vanackere. Als dat niet kan, mag de regering ook gewoon een deel van de uitgaven bevriezen tot ze weet waar er nog gehakt kan worden in de uitgaven. Die extra besparingen moeten er komen om het begrotingstekort op 2,8 procent te laten uitkomen. Daarbovenop hield de regering-Di Rupo ook geen rekening met de impact van de maatregelen op de groei. De groei zal vertragen door de besparingen, zo staat het letterlijk in de brief van eurocommissaris Olli Rehn. Het wordt nu uitkijken wat de regering zal doen.

The Freelance Surge Is the Industrial Revolution of Our Time - Sara Horowitz - Business Welcome to the Gig Life. The boom in independent work is changing the way we think about jobs and careers. Does Washington get it? It's been called the Gig Economy, Freelance Nation, the Rise of the Creative Class, and the e-conomy, with the "e" standing for electronic, entrepreneurial, or perhaps eclectic. Everywhere we look, we can see the U.S. workforce undergoing a massive change. No longer do we work at the same company for 25 years, waiting for the gold watch, expecting the benefits and security that come with full-time employment. Today, careers consist of piecing together various types of work, juggling multiple clients, learning to be marketing and accounting experts, and creating offices in bedrooms/coffee shops/coworking spaces. And, perhaps most surprisingly, many of them love it. This transition is nothing less than a revolution. Over the coming weeks, I will be writing about this profound shift and the three major trends that are central to it.

The Greek parents 'too poor' to care for their children Greece's financial crisis has made some families so desperate they are giving up the most precious thing of all - their children. One morning a few weeks before Christmas a kindergarten teacher in Athens found a note about one of her four-year-old pupils. "I will not be coming to pick up Anna today because I cannot afford to look after her," it read. "Please take good care of her. Sorry. Her mother." In the last two months Father Antonios, a young Orthodox priest who runs a youth centre for the city's poor, has found four children on his doorstep - including a baby just days old. Another charity was approached by a couple whose twin babies were in hospital being treated for malnutrition, because the mother herself was malnourished and unable to breastfeed. Cases like this are shocking a country where family ties are strong, and failure to look after children is socially unacceptable - and it's not happening in a country ravaged by war or famine, but in their own capital city. Handouts

The Local-global Flip, Or, "the Lanier Effect" Here's a sampling: ... "The Apple idea is that instead of the personal computer model where people own their own information, and everybody can be a creator as well as a consumer, we're moving towards this iPad, iPhone model where it's not as adequate for media creation as the real media creation tools, and even though you can become a seller over the network, you have to pass through Apple's gate to accept what you do, and your chances of doing well are very small, and it's not a person to person thing, it's a business through a hub, through Apple to others, and it doesn't create a middle class, it creates a new kind of upper class. ... Google has done something that might even be more destructive of the middle class, which is they've said, "Well, since Moore's law makes computation really cheap, let's just give away the computation, but keep the data." And that's a disaster. ... ... ... ... ... ...if you're adding to the network, do you expect anything back from it? Read on.

De Europese Commissie is God niet Iemand moet het voor Paul Magnette opnemen, vindt PAUL DE GRAUWE. De manier waarop de minister vorige week werd gekapitteld was overdreven. Vooral omdat zijn kritiek op de Europese Commissie terecht was. In het Ancien Régime bestond de notie van lèse-majesté . De reactie op de kritiek die Paul Magnette formuleerde tegen de Europese Commissie deed mij daar spontaan aan denken. Welnu, de Europese Commissie mag en moet bekritiseerd worden als ze ingrijpende maatregelen treft. In het dossier dat nu voorligt kunnen redelijke mensen zoals Paul Magnette van mening zijn dat de Europese Commissie fout zit.

Global Rebellion: The Coming Chaos | Beyond The Beyond *Well, I’m pretty used to seeing overheated essays of this kind, even from Californian university professors; but I’m sure not used to seeing ‘em on Al Jazeera. The Murdoch operation created the Tea Party, but the Al Jazeera apparatus can knock over entire chunks of continents. It’s like tiger versus shark. GLOBAL REBELLION: THE COMING CHAOS? “As the crisis of global capitalism spirals out of control, (((I’ve been hearing that said for 30 years, but it used to be very much in the “you wish” category))) the powers that be in the global system appear to be adrift and unable to proposal viable solutions. “Simply put, the immense structural inequalities of the global political economy can no longer be contained through consensual mechanisms of social control. “To understand what is happening in this second decade of the new century we need to see the big picture in historic and structural context. “Globalisation and the current structural crisis

Griekenland = ontwikkelingsland 'We staan hier aan het begin van een humanitaire ramp.' Dixit Nikitas Kanakis, voorzitter van Dokters van de Wereld in Griekenland. Zijn artsenorganisatie heeft projecten in Algerije en Somalië afgeblazen, omdat ze steeds meer mankracht nodig heeft voor de noodziekenhuizen in eigen land. Van onze correspondente in Griekenland De posters in de wachtkamer en de behandelruimte verraden waar de Dokters van de Wereld normaal gesproken hun werk doen. De mannen en vrouwen in de wachtkamer zijn echter blank en vooral van middelbare leeftijd. De kliniek van Dokters van de Wereld in Perama bestaat ruim twee jaar. Somalië In theorie is iedereen in Griekenland verzekerd. Om capaciteit vrij te maken voor Griekse patiënten is volgens voorzitter Kanakis de hulp aan Algerije beëindigd en heeft de organisatie besloten niet naar Somalië te gaan. Het zijn woorden die je in een ontwikkelingsland verwacht. Ze hadden verwacht sneller positieve ...