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Items tagged with: economics


 
As the anniversaries of D-Day and Monte Cassino approach, we should remember how and why the ‘European project’ started

Shortly after Thursday’s elections for the European parliament, we shall be witnessing the 75th anniversaries of D-Day and of the terrible carnage of the battle of Monte Cassino. One hopes that memories of these events – or, in many cases, learning about them for the first time – may concentrate minds on all sides in the debate about our future relationship with the rest of Europe.

It was the horror of the second world war that led European leaders to bring individual countries together in the hope that future conflict could be avoided. Despite the fantasies of Nigel Farage and his ilk, winning that war was hardly a solo effort on the part of Great Britain. The Americans were an indispensable force in the D-Day landings; Polish forces lost many troops fighting at Monte Cassino. And, of course, the war was won by the allies as a whole, who included the US, Commonwealth countries and, not least, the Soviet Union.

What... show more


 
I've flown for years. But never put much thought into the economics of airline classes since I almost always fly economy. This is a really interesting video about that. #economics #airlines #learning
The Economics of Airline Class


 
've flown for years. But never put much thought into the economics of airline classes since I almost always fly economy. This is a really interesting video about that. #economics #airlines #learning
The Economics of Airline Class


 

Trump's tariffs equivalent to one of the largest tax hikes in decades

Kent Smetters of the Penn-Wharton Budget Model and a former Treasury official during the Bush administration, estimates that the tariff increase will cost the median U.S. household with earnings of $61,000 about $500 to $550 a year. It’s the equivalent, he said, of raising the Social Se
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Trump's tariffs equivalent to one of the largest tax hikes in decades

Kent Smetters of the Penn-Wharton Budget Model and a former Treasury official during the Bush administration, estimates that the tariff increase will cost the median U.S. household with earnings of $61,000 about $500 to $550 a year. It’s the equivalent, he said, of raising the Social Security retirement tax by 1 percentage point to 11.6%.

Such a large revenue measure, according to Pomerleau, if it were a tax, would have been subject to considerable economic analysis from the Congressional Budget Office or the Joint Committee on Taxation for the potential effects on growth, inflation and jobs. No such analysis has been offered or is believed to have been conducted by the administration regarding the current tariffs.
#economics #trade #tax #... show more


 
Germany shrugs off recession fears by returning to growth - business live #Business #Economics #Germany #Stockmarkets #Europe #Internationaltrade #UKnews


 

Don’t Blame Capitalism for Surging Student Debt and High Tuition


https://megalextoria.blogspot.com/2019/05/dont-blame-capitalism-for-surging.html

#economics #tuition #debt


 

California jury hits Bayer with $2 billion award in Roundup cancer trial - Reuters

A California jury on Monday awarded more than $2 billion to a couple who claimed Bayer AG’s glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against the company in litigation over the chemical.
https://www.reuters.com/article/us-bayer-glyphosate-lawsuit/california-jury-says-bayer-must-pay-2-billion-to-couple-in-roundup-cancer-trial-idUSKCN1SJ29F
#economics #politics


 
Not unrelated.

https://www.dailykos.com/stories/2019/5/10/1856729/-San-Francisco-has-highest-concentration-of-billionaires-in-the-world-and-third-most-homeless-in-U-S

#economics


 

On the trade war between the US and China

“I expect that China will retaliate and they will do it in as commensurate a way as they can, and that will include not just imports,” said Susan Shirk, former deputy assistant secretary of state during the Clinton administration. “I think our farmers and our farm exports to China will be targeted because that’s what President Drumpf cares about politically,”

He said China’s shrinking current account balance, and the tariffs re-escalation “will create an opening for the (People’s Bank of China) to accept further market-driven depreciation ” of the yuan in the second half of this year.

#US #USA #News #Politics #... show more


 
I am confident Modi will revive Indian economy. The moment we kill all beef eater, and make all people drink cow urine, our economy would soar. #India #politics #economics #hindutva #hinduism #religion #terrorism


 
#economics #politics


 

The Linda Problem and Why Democratic Socialists Flunk Logic 101


https://megalextoria.blogspot.com/2019/05/the-linda-problem-and-why-democratic.html

#economics #socialism #DemocraticSocialism #Venezuela #logic


 

Tata Steel and Thyssen Krupp not going to merge, Thyssen has announced

Thyssenkrupp unveiled plans last September to create two divisions: Thyssenkrupp Industrials, spanning its elevators, car parts and plant engineering businesses, and Thyssenkrupp Materials, which included materials trading and shipbuilding.

Thyssenkrupp shares have fallen by 47 percent over the past 12 months, valuing the business at $7.8 billion. That makes it the smallest constituent of Germany's 30-share DAX index, even after a 7 percent bounce on Friday's news.
This story is a little bit behind the latest progress, since only German newspapers seem to have gained this information of the deal's failure.
#Thyssenkrupp #India #Germany #Deutschland #News #Politics #TataSteel #Economy #Economics #Market


 
The Greek economist is back battling the EU establishment, this time at the helm of a new movement, DiEM25. Backed by Pamela Anderson and the world’s most famous cyborg, he is fighting ultra-right populism with a radical agenda he thinks can restore people’s lost faith in democracy. As the European parliamentary elections approach, is anyone listening? Phoebe Greenwood finds out #YanisVaroufakis #Economics #Globaleconomy #Worldnews #Greece #Europeanparliamentaryelections2019 #Europeanelections #Europe #Politics


 
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Insurance

#economics #book #capitalism

It's a lot of words, but I think this is basically the idea of the last few chapters: Insurance has an outmoded cost. When you employ the state, or even a private firm, to ensure people receive medical care, retirement income, subsistence, safe medicine, a healthy environment, or do any number of things that either blunt risk or maintain the status quo, you inhibit growth and development.
  • George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)
forest-flower.com/university/note.php?timestamp=2019-05-10+05%3A42%3A00


 
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#economics #book #capitalism #politics

"Winning politicians are at the very pinnacle of their profession... [yet]they have incomes vastly smaller than comparably successful and risk-taking entrepreneurs.

Senators, governors, mayors, and congressmen should be paid at least four or five times their current salaries."
  • George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)
forest-flower.com/university/note.php?timestamp=2019-05-10+05%3A18%3A00


 
Joe Bongiovanni - why monetary reform should be our number one priority

https://youtu.be/vEU13R5jt1w

uploaded: 2013

channel: https://www.youtube.com/user/joebhed/feed

… and why it creates inequality.

Joe Bongiovanni explains how money is created as debt by private banks and how that system heavily favors principles and values that are in direct opposition to those who seek a more just and sustainable world.

We are all playing by monetary rules that were written by our opponents. It’s a game we are bound to lose unless we change the rules.

For more information on HR 2990 visit:... show more


 

Bolsonaro's government lost fight against SC and opposition to remove protection from rain forest

Taken together, this means that Bolsonaro’s signature action to start the rollback of indigenous territories and declare open season on Amazon deforestation – which needs both congressional and judicial approval to fly – looks to be crashing on takeoff. It’s also a glimmer of hope for indigenous and environmental protections in a country now led by a president openly hostile to Brazil’s indigenous peoples and Amazon rainforest – repositories of its vast social and biological diversity, and key to stabilizing the global climate.

On its first day in office, the Bolsonaro administration decided in executive action MP 870 to remove the authority to legally recognize and physically demarcate indigenous lands from the National Indian Foundation (FUNAI) and give it to the Ministry of Agriculture, Ranching and Supply (MAPA). MAPA is controlled by politicians affiliated with the anti-indigenous agriculture caucus of the c
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capitalism is like windows 95 - is there a future in capitalism? - with it's massive instability?

Marx already realized it – modern days capitalism is a highly unstable system.

bad if your life depends on the inflow of money – you are basically trusting your life to windows 95 – it could crash any moment – nobody knows when – but everybody knows it will…


…just praying will not do the job.

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the migration catastrophe - clash of cultures

It’s old news but since 2015 and drowning refugees and raped and even murdered women – it is more present than ever before.

Bild/Fotocapitalism wants cheap workers – no matter where they are from – so they recruit whoever is willing to enslave him/her more than others.

To capitalism – it is not even important if a migrant integrates well into society or if they learn the language – all that matters if they can clean the floor at the lowest possible price.

Australia: Soon a Chinese colony?


In Australia – the first language spoke... show more


 
from the new cold war 2.0 front - Russia vs USA high tech arms trade - Russia pitches Su-57 should US not deliver F-35

new cold war 2.0 – but this time it has nothing to do with communism – but with two nations with high-tech weapons wanting to extend their sphere of influence and trade as many weapons as they can.


src: defensenews.com


i only know the Sukhoi Su-57 from video games (de... show more


 
Joseph E. Stiglitz - The Economy We Need

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May 3, 2019 Joseph E. Stiglitz

“After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy.

NEW YORK – Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied incom... show more


 
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#economics #book #capitalism #poverty

"In order to succeed the poor need, most of all, the spur of their poverty."
- George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)

Be nicer to the rich; kick the poor, and all will turn out for the best. Seems overly simple, but hey, I'm not a Harvard educated economist, so what do I know?

forest-flower.com/university/note.php?timestamp=2019-05-06+08%3A32%3A00


 

Thanks to Trump's tariff threat, Dow Jones slumps approx. 450 points

Dow Jones Industrial Average futures implied an opening decline of about 450 points as of Monday morning stateside. S&P 500 and Nasdaq-100 Index futures also pointed to declines for the two indexes at Monday’s open.
Hooray! Thanks, President Trump. This is exactly what the economy needed: A bloodletting decline.
Two sources briefed on talks confirmed that news to CNBC. The Chinese may back out of negotiations this week after Drumpf’s escalated tariff threat, they said, abandoning a six-month truce after Beijing waffled on some previously discussed commitments.
Works out for him, doesn't it?
The president’s announcement also appeared to contradict fresh suggestions from Treasury Secretary Steven Mnuchin and White House chief of staff Mick Mulvaney. Asked Tuesday about Mnuchin’s prior suggestion that the White House could announce an agreement with Beijing in the next two weeks, Mulvaney said, “I t
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#economics #book #capitalism

Class is a hard subject. I've been told with certainty that America is without class, and here I am being told repeatedly that class is necessary to America. When I am told conflicting things, I guess I can only reason a subject is controversial.

George Gilder's view in this prominent book on economics is of the evolution of class from a stratification based on intrinsic properties such as race or family of birth, to one based on behavior and attitude. The greater freedom to move between classes also functions to make the new class system more prominent and better protected by individuals, as it is less an artificial graft or dictate from above.

True, being a part of a hierarchical society built on a threat of falling and hope of rising, and holding the basic belief in the justice of it all is what makes a human. But in not all societies are the hierarchies expressed consistently, so you can never quite trust people who profess to explain them.

forest-flower.com/university/note.php?timestamp=2019-05-06+05%3A00%3A00


 
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Economic Class (According to Gilder)

#economics #book #capitalism

“apparent manifestations of racial and ethnic prejudice are in fact expressions of economic class -- the natural reluctance of higher classes to expose their children to lower class values. The more successful societies are in achieving equal economic opportunity, the more separate tend to be its classes. Integration and equal opportunity are inherently conflicting goals. There may have been more commingling of the races in southern slave society, than there is in contemporary American classes.”

“in order to escape such tensions, economic classes will seek out their own kind whenever possible and send their children... show more


 
demagoguery = populism

Demagogue = Populist


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US department of inferior to decrease regulations on offshore drilling

The changes reduce the amount of live data that operators are required to provide onshore monitors and the amount of safety test reporting that they must provide to the Interior Ministry, the U.S. government department responsible for the management of public lands and natural resources.

“The Drumpf administration, in other words, wants to hand over responsibility for industry safety to the very entity the commission warned against entrusting with that responsibility,” said Bob Deans, a spokesman for the advocacy group the Natural Resources Defense Council, according to the Times.

#Environment #Environmentalism #DepartmentOfInferior #Economy #Economics #Capitalism #Corporatism #CorporatismKills #CapitalismKills #Trump #DonaldTrump #US #USA


 
first of mai protests in paris - the world is ripe for gov reform - the rise of nationalism is caused by dysfunctional democracy and the rule of money and profit






https://youtu.be/fLJBzhcSWTk

… democracy only works with highly educated people.

Socrates was not elitist – but he insisted that only those who thought about issues rationally and deeply should be let near a vote... show more


 
first of mai protests in paris - the world is ripe for gov reform -the rise of nationalism is caused by globalization and capitalism is unsustainable and welcomes those refugees want want to be black life time slaves for white people - no matter the ethics






https://youtu.be/fLJBzhcSWTk

… democracy only works with highly educated people.

Soc... show more


 

Economist: Elizabeth Warren’s Plan to Eliminate Student Debt Is Worse Than You Think


https://megalextoria.blogspot.com/2019/05/economist-elizabeth-warrens-plan-to.html

#economics #education #debt #StudentDebt #ElizabethWarren


 
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"[These poor household's] net worth was zero because their debt exceeded their calculable worth. Yet some 80% of these people who were poor in 1969 escaped poverty within two years....Families of zero wealth Built America. Many of the unincorporated businesses that gained some 500 billion dollars in net value since World War II, six times more than all the biggest corporations combined, were started in households of 0 assets, according to the usual accounting. The image of a huge non-negotiable gap between poverty and wealth is a myth." - George Gilder, Wealth and Poverty: A New Edition for the Twenty-First Century (2012)

#economics #book

forest-flower.com/university/note.php?timestamp=2019-05-01+10%3A13%3A00


 
first if mai protests in paris - the world is ripe for gov reform -the rise of nationalism is caused by globalization and capitalism is unsustainable and welcomes those refugees want want to be black life time slaves for white people - no matter the ethics





... show more


 
the rise of nationalism is caused by globalization and capitalism is unsustainable and welcomes those refugees want want to be black life time slaves for white people - no matter the ethics





... show more


 
the rise of nationalism is caused by globalization and capitalism is unsustainable and welcomes those refugees want want to be black life time slaves for white people - no matter the ethics





... show more


 
the rise of nationalism is caused by globalization and capitalism is unsustainable and welcomes those refugees want want to be black life time slaves for white people - no matter the ethics





... show more


 
Eurozone growth rate makes surprise rally after gloomy forecasts #Eurozone #Business #Economics #EuropeanCentralBank #EuropeanUnion #Europe #Worldnews


 

Fact-checking a Harry S. Truman quote about Socialism often shared on the internet

That political climate touched off the online circulation of a memetic quote from 33rd U.S. President Harry S. Truman, who purportedly fended off similar attacks on Democrats in 1952 by declaring that “socialism” was a “scare word [Republicans]have hurled at every advance the people have made in the last 20 years”:

Much of Truman’s speech was a caustic rebuke of Republicans (and their presidential nominee, General Dwight D. Eisenhower), whom Truman characterized as having “opposed almost all our programs to help the economic life of the country” and “having blindly turned [their]back on the tradition of public action for the public good”:
He sounds like Mitch McConnell nowadays; Eisenhower, I mean, not Truman. Both have in common to reject each Democratic attempt to serve the public good in order to prevent the state from being told to intervene more in the economy.
#... show more


 

No more Queen's speeches to be delivered because next date only after the advent of Brexit

The determination to deliver Brexit first opens up the prospect of no Queen’s Speech until the autumn at the earliest – even if the prime minister survives that long.
I would rather believe that the sitting Queen is not going to experience Brexit anymore, regaridng the progress of Brexit negotiations. I would not even believe that her husband or the succeeding royals are going to experience the advent of Brexit. The only thing I believe is that eventually, a new cabinet is simply going to dump Brexit and stay in the EU because they have realised what a smelly pile of shit the whole idea is.
Many at Westminster believe Ms May is desperate to avoid a new Queen’s Speech for fear that Brexiteer Tories will vote it down – to bury the deal they hate – and accelerate her departure from No 10.

#UK #... show more


 

Trump threatens Russia, China over their support in favour of Nicolás Maduro

Secretary of State Mike Pompeo told The Hill's Newsmaker Series event Monday in Washington that “Maduro is going to leave,” despite the efforts of those not recognizing the political challenge parliament speaker Juan Guaidó poses against him. Pompeo explained that recent U.S. sanctions against Cuba, an ardent supporter of fellow leftist-led Venezuela, were intended to show officials in Havana that “they will be in a far better place if they chose a different path” than backing Maduro.

China, Cuba, Iran and Russia have all sent delegations to Venezuela in shows of solidarity with Maduro and to provide humanitarian assistance as his Latin American state undergoes an economic crisis rooted in internal mismanagement and external intervention. While the unrest in Caracas showed few signs of abating, questions have arisen as to the endurance of Washington's anti-Maduro campaign.

The Drumpf administration and its allies ha
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Eurozone GDP: French economy grows by 0.3% despite trade slowdown – business live #Business #Economics #Stockmarkets #UKnews #Europe #France


 

More than 270 ballot counters die of exhaustion after Indonesian election

On April 17, Indonesia, for the first time, combined the presidential vote with national and regional parliamentary ones, with an aim to cut election costs, Al Jazeera reported.

On April 23, the health ministry issued a circular letter urging health facilities to offer the utmost care to sick election staff, while the finance ministry sought to provide compensation to the families of the deceased, state media reported.

#Indonesia #News #Politics #Election #GeneralElection #GubernatorialElection #Election2019 #Elections2019 #FarEast #Asia #EastAsia #SouthEastAsia #Widodo #JokoWidodo #Democracy #Fatigue #Exhaustion #Economics #Economy

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