Svetska Kriza 2008-....

[noskich]

Pildzer je jos jednom objasnio: http://www.paulcraigroberts.org/2014/08/02/john-pilger-explains-west-murdered-truth/

 

John Pilger explains how the West murdered truth

[Eraserhead]

 

Pildzer je jos jednom objasnio: http://www.paulcraigroberts.org/2014/08/02/john-pilger-explains-west-murdered-truth/

 

John Pilger explains how the West murdered truth

 

 

 

Pilger ima tradicionalno dva problema:

 

1. Ponekad lupi i to debelo kao ovo sto je rekao za stednju u ovom tekstu

2. Promaklo mu je da je on u mainstream medijima u Britaniji bio 30 godina i da i dan danas gostuje po najprestiznijim americkim univerzitetima tako da situacija ne moze biti tako losa kakvom je on prikazuje, osim ako ne misli da je njegovo misljenje jedino ispravno

 

U svakom slucaju za Irak i Odesu je potpuno u pravu, ali to nekako ostaje vrlo razvodnjeno u histericnom tonu sto je steta.

 

Mislim da bi bolje bilo da je ovo na topicu o Ukrajini, posto s ovom temom nema bas mnogo veze.

[fonTelefon]

Pusiona se nastavlja Italija ponovo u recesiji.

[fonTelefon]

Nemacka ima jaci pad od Italije u drugom trimestru.

[Anduril]

Konacno da neko prozove mejnstrim struke.

Verovatno joj je kao fizicaru dosta bullshit analiza, a kao politicaru velikih rizika i eksperimentisanja.

 

 

Economy Chancellor Merkel challenges Nobel economists

German Chancellor Angela Merkel has asked Nobel laureate economists why their discipline got so much so wrong in recent years. And she challenged them to come up with new measures of wellbeing.

Nobel brainstorm in Lindau

For the fifth time, winners of the Nobel Prize in Economics have come together to discuss current issues in their field. The conference is held every three years in Lindau, a small, scenic town on the shores of Lake Constance near the Austrian and Swiss borders. This year, the meeting included more than 400 young economists and a special guest - German Chancellor Angela Merkel.

Critics of European economic policy were also in evidence.

Protests

"Austerity blasts Europe", "Economic growth versus sustainability", "Is ethical thinking foreign to economics?" - provocative placards in garish colors were hung along the streets leading to the convention center. Representatives of NGOs like Attac, which is critical of economic globalization, have been holding demonstrations in Lindau. Many are dissatisfied with the policy prescriptions of leading mainstream economists. They see them as responsible for out-of-control financial markets and high unemployment.

Whom does economics serve?

The Nobelists come to Lindau to talk about the state of academic economics and about the state of the global economy itself. There is no fixed theme - topics can be freely chosen. But a question that is always in the background is: How useful is economics?

Alvin Roth researches methods for allocation of scarce resources like college placements

This year, 18 Nobelists came to the conference - all of them past winners of what is formally called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, established in 1968 by the Swedish central bank.

Here, they're meeting young economists from 80 countries who are looking to learn from them - including Kareem Immail, a young Egyptian economist who works at the International Monetary Fund. He said he has been following the discussions at the conference with interest, but there are "more questions than answers" on offer.

The German Chancellor is looking for a dialogue

There were more journalists accredited for this year's meeting than for any of the previous ones, and the tone of dispute and controversy has rarely been so marked.

This year's meeting was also the first which Chancellor Angela Merkel attended. She had questions as well:

"Why were the economic sciences in the past several years of crisis so badly off the mark in terms of predicting or describing economic reality? Were the underlying economic theories wrong, or were we listening to the wrong people?" she asked the meeting's Nobelists and young researchers.

Politics has to be able to do more

Angela Merkel noted that she was herself trained as an academic scientist - she has a doctorate in physical chemistry. She knows, she said, that there are no perfect answers. Especially not in politics, which has to focus on the interests of the citizenry, rather than on economic theories. She said that "Homo economicus" could not consist simply of economic expertise, and made a pitch for her political approach.

Joseph Stiglitz published the book 'The Price of Inequality' in 2012

"For us, it's about understanding the expectations and ideas of the citizens about what a good life is," she said. That's what her priority is, and she wants economists to address this as well. She wants new economic welfare indicators developed that are different from traditional measures like gross domestic product (GDP) or unemployment rates.

A rebel from Indiana

Among those listening to the discussion with satisfaction was Joseph Stiglitz, a Nobelist who was chief economist of the World Bank from 1997-2000. He's one of the few prominent economists who is not considered to be conservative. He has been called "the rebel from Indiana," in part because he questions whether markets are always efficient. In an interview with Deutsche Welle, Stiglitz said that his analyses have nearly become mainstream.

A topic that has consistently preoccupied him is the widening divide between the rich and the poor.

Widening inequality

"For almost fifty years, nobody talked about inequality. Now there's a broad consensus, even among economists, and certainly among our society, that inequality is an important issue," he said, and cited figures from the US.

Academics often choose scenic locations for conferences - like Lindau on Lake Constance

"95 percent of the income gains earned nationally during the past several years in America went to the top 1 percent. Median incomes, adjusted for inflation, are lower than they were 25 years ago."

The American Dream

Stiglitz noted that in the US, it really is the case that the rich are getting ever richer, and the poor poorer. In his view, that will have enormous economic consequences. One key factor is that not enough was being invested in the education and training of the broad population. The American Dream - an iconic story of starting as a dishwasher and rising to the status of a millionaire through hard work - has long since become an almost unattainable myth.

A Europe for the rich

Asked about his views on Europe's economy, Stiglitz admitted that income distributions are less unequal there than in the US. In Germany or Scandinavia, there is a strong middle-income class. But in Europe, too, the incomes of the wealthy have risen disproportionately to those of the rest of the population.

Economists without answers

Alvin Roth, another professor of economics and Nobelist, told DW that he can understand the intensity of the discussion about social inequality. He said rising unemployment among the young was especially troubling.

At the same time, he asked non-economists to understand that economists don't always have solutions to economic or social problems.

"Economics is a very young science, we're still learning, the environments change, the challenges change," he said.

Edited August 25, 2014 by Anduril

[Roger Sanchez]

Seljačka buna u Bretanji

http://m.bbc.com/news/world-europe-29294096

[Giga Moravac]

 

Konacno da neko prozove mejnstrim struke.

Verovatno joj je kao fizicaru dosta bullshit analiza, a kao politicaru velikih rizika i eksperimentisanja.

 

 

 

Koliko sam ja shvatio sve ovo sto se desava od 2007 (a bar se trudim, jebi ga) meni se cini da bi i struka politicarima mogla da postavi mnoga pitanja vezana za njihova resavanja problema. Pocev od toga da politicari ne rade za glasace vec za bogatase, banke i korporacije, insistiranje na neoliberalizmu i duznickom neokolonijalizmu, austeritiju kao laznom resenju itd itd. Treba da joj odgovore - A ko si  ti da se na nas zalis?

 

Nije da ih branim, ali od napada politicara hocu.

[Budja]

 

Konacno da neko prozove mejnstrim struke.

Verovatno joj je kao fizicaru dosta bullshit analiza, a kao politicaru velikih rizika i eksperimentisanja.

 

 

 

Ovaj, sta je to prozvala i nasla?

Sta su to ekonomisti uradili pogresno?

Ko eksperimentise: politicari ili ekonomisti?

 

Clanak je golo govno, na nivou Informera.

Sve sama opsta mesta, i uobicajne scapegoat u vidu ekonomista.

Boooring.

[pacey defender]

http://www.bookdepository.com/Australia-MR-Lindsay-David/9781497503861

 

Čitao neko? Koliko su opravdane prognoze iz sažetog prikaza?

[bigvlada]

Foreign exchange fines: banks handed £2.6bn in penalties for market rigging

Regulators in US and UK mete out record fines after finding a ‘free for all culture’ on currency trading floors at RBS, HSBC, Citibank, JP Morgan and UBS

Jill Treanor

Five major banks have been fined £2bn for rigging foreign exchange markets. 

The corruption of the world’s biggest currency dealers was laid bare on Wednesday when regulators imposed £2.6bn of fines on six major banks for rigging the £3.5tn-a-day foreign exchange markets.

Two UK and US regulators said they had found a “free for all culture” rife on trading floors which allowed the markets to be rigged for five years, from January 2008 to October 2013.

The much-anticipated record settlement did not include Barclays, which remains in discussions with other regulators.

Each of the fines imposed on Royal Bank of Scotland, HSBC, Citibank, JP Morgan and UBS were records for the Financial Conduct Authority (FCA), smashing the penalties imposed over the last two years for Libor rigging.

The chancellor, George Osborne, said: “Today we take tough action to clean up corruption by a few so that we have a financial system that works for everyone. It’s part of a long-term plan that is fixing what went wrong in Britain’s banks and our economy.”

Osborne will take a share of the fines for the Treasury and said they would be “used for the wider public good”.

In the UK, UBS was handed the biggest fine, at £233m, followed by £225m for Citibank, JPMorgan at £222m, RBS at £217m, and £216m for HSBC. Barclays has yet to settle. In the US, the regulator fined Citibank and JP Morgan $310m each, $290m each for RBS and UBS, and $275m for HSBC.

A second US regulator, the Office of the Comptroller of the Currency, also imposed separate fines on JP Morgan, Citi and Bank of America taking the day’s tally to £2.6bn.

Andrea Leadsom, a Treasury minister, said people who have done wrong “will not be back in a dealing room on a big salary” and “everything that can be done to punish this type of behaviour” will be done.

She told BBC Radio 4’s Today programme: “It’s completely disgusting. I think taxpayers will be horrified ... I don’t know if corruption is a strong enough word for it.”

Leadsom said it was particularly bad that this was going on at a time when taxpayers were bailing out the banks.

Announcing the first ever co-ordinated regulatory action, the FCA’s Tracey McDermott, director of enforcement and financial crime, said: “Firms could have been in no doubt, especially after Libor, that failing to take steps to tackle the consequences of a free for all culture on their trading floors was unacceptable.”

The settlement was co-ordinated with the US regulator, the Commodities Futures and Trading Commission, which published transcripts of traders discussing foreign exchange rates on private chatrooms. In one, a trader writes “dont want other numpty’s in mkt to know”. The traders make remarks such as “nice job mate” and “yeah baby” as they discuss the rates.

Traders at different banks formed tight-knit groups in which information was shared about client activity, including using code names to identify clients without naming them. These groups were described as, for example, “the players”, “the 3 musketeers”, “1 team, 1 dream”, “a co-operative” and “the A-team”.

RBS chief executive Ross McEwan apologised to consumers: “To say I’m angry would be an understatement. We had people working in this bank who did not know the difference between right and wrong and put their interests ahead of clients.”

Martin Wheatley, boss of the FCA, said the regulator would “not tolerate conduct which imperils market integrity or the wider UK financial system”. He said that “firms must make sure their traders do not game the system to boost profits or leave the ethics of their conduct to compliance to worry about”.

Wheatley added: “Senior management commitments to change need to become a reality in every area of their business.”

The Bank of England also published its report by Lord Grabiner into whether Threadneedle Street officials knew about the behaviour of traders. It concluded that there was no evidence that any official was involved in unlawful or improper behaviour but said there was an “error of judgment” by one official who knew that bank traders were sharing information.

However, after trawling through emails, the Bank of England said its chief foreign exchange dealer – suspended since March – had been dismissed. “The individual’s dismissal was not at all related to the allegations investigated by Lord Grabiner, but as a result of information that came to light during the course of the Bank’s initial internal review into allegations relating to the FX market and Bank staff. This information related to the Bank’s internal policies, not to FX,” the Bank of England said.

RBS, 81% owned by the taxpayer, said it was continuing an investigation into the matter and is reviewing the conduct of 50 current and former employees, three of whom have been suspended. It pledged to make a public statement on the progress of the investigation by the end of the year.

“Today is a stark reminder of the importance of culture and integrity in banking and we will rightly be judged on the strength of our response,” said RBS’s outgoing chairman, Sir Philip Hampton. The bank pledged to look at clawing back bonuses and the impact on bonuses for “senior management”. No payouts of current bonuses will take place until the internal investigation is completed.

RBS had received complaints from two clients – in October 2010 and January 2012 – about the activities, and in November 2011 one of its traders raised concerns, which were not heeded.

 

http://www.theguardian.com/business/2014/nov/12/foreign-exchange-fines-ubs-hsbc-citibank-jp-morgan-rbs-penalties-market-rigging

[eumeswil]

  Guardian: Jaz nije neizbežan, niti je prirodan

Svet je skrojen po meri najbogatijih, a uz svesrdnu pomoć neukih i "poslušnih" ekonomista i zahvaljujući neoliberalizmu, kao pogonskom gorivu rasta nejednakosti, piše londonski Guardian.

"Nejednakost nije neizbežna, ona je stvorena. Tako je jedan procenat najbogatijih preuzeo svet", naslov je komentara kolumniste Guardiana Suzanne Moore, objavljenog na stranicama najuglednijeg britanskog dnevnog lista.

"Većina nas, uključujući i mene, ekonomski smo neuki. Ekonomska klima predstavlja nam se kao sila prirode, poput vremenskih nepogoda koje nije moguće kontrolisati. Šteta je što se planeta zagrejava, šteta je što se bogati dodatno bogate." 

Ali, te pojave su rezultat ljudskog delovanja i nisu uopšte neizbežne. Šta više, postoje namerni i sistemski razlozi pojave nejednakosti, piše Moore, osvrćući se na istraživanje Oxfama, prema kojem će iduće godine jedan odsto najbogatijih kontrolisati više od polovine globalnog bogatstva.

Najbogatiji deo svetske populacije, tvrdi kolumnistkinja Guardiana, aktivno radi na sprečavanju redistribucije bogatstva, a zamršeni poreski zakoni im to olakšavaju. U tome imaju svesrdnu pomoć, tvrdi Moore, i mnogih mainstream ekonomista, koji uopšte ne dovode u pitanje uzroke rastuće nejednakosti.

"Taj argument se sada urušava", tvrdi Moore koja ekonomiste koji uporno brane neodbranjivo opisuje kao "kućne ljubimce" najbogatije kaste.

Njihova objašnjenja da su svi ultra-bogati preduzetnici neverovatno talentovani i sve su stekli samo zahvaljujući sopstvenom radu i sposobnostima više jednostavno ne drže vodu, tvrdi Moore, navodeći primer međunarodnih bankarskih kuća koje svoje direktore i dalje nagrađuju milionskim bonusima, uprkos činjenici da su ti isti direktori direktno uzrokovali veliku recesiju koja je započela 2008. godine.

Međunarodne finansije čini hrpa promenljivih tipova koji u osnovi same sebe jednostavno plaćaju duplo više nego pre deset godina. "Oni možda imaju potrebu da za sebe misle da su posebni, ali mi to ne moramo činiti", piše Moore, a prenosi Index.

"Kada govorimo o neoliberalizmu, govorimo upravo o pogonskom gorivu nejednakosti koje je omogućilo dominaciju jedan posto najbogatijih."

To je zapravo faza kapitalizma u kojoj su finansijska tržišta deregulisana, javne usluge privatizovane, socijalni sistemi uništeni, zakoni koji štite radnike ukinuti, a sindikati odbačeni kao neprijatelji, tvrdi kolumnista Guardiana.

 

Edited February 4, 2015 by miki.bg

[hazard]

 

 

Njihova objašnjenja da su svi ultra-bogati preduzetnici neverovatno talentovani i sve su stekli samo zahvaljujući sopstvenom radu i sposobnostima više jednostavno ne drže vodu, tvrdi Moore, navodeći primer međunarodnih bankarskih kuća koje svoje direktore i dalje nagrađuju milionskim bonusima, uprkos činjenici da su ti isti direktori direktno uzrokovali veliku recesiju koja je započela 2008. godine.

Međunarodne finansije čini hrpa promenljivih tipova koji u osnovi same sebe jednostavno plaćaju duplo više nego pre deset godina. "Oni možda imaju potrebu da za sebe misle da su posebni, ali mi to ne moramo činiti", piše Moore, a prenosi Index.

 

Ovde se mesaju babe i zabe. Jedno su "ultra bogati preduzetnici" koji su mozda "neverovatno talentovani" (Gejts, Dzobs, Zukerberg, Mask, itd.) a drugi su bankari, trejderi, i ostali finansijski tipovi. Direktori Goldman Saksa nisu "preduzetnici" po bilo kom osnovu.

[Muwan]

Džabe primećuješ, tu će uvek svi bogataši biti stavljani u isti koš. Ako ne mogu da ih izjednače sa nekim bankarskim gangsterajem onda će im prišiti izrabljivanje radnika ali poštedeti ih sigurno neće.

[Indy]

Nisam uspeo da udjem u trag tekstu koji je izvor gornjeg prevoda. Postoje 2 relativno slicna teksta u Guardianu (ovaj i ovaj; pri cemu je prvi gotovo sigurno koriscen ako ne kao izvor, ono kao inspiracija - tekst Owena Wilsona "Grotesque inequality is not a natural part of being human"). Ni jedan se sasvim ne poklapa sa prevodom, niti se u bilo kom od ta dva pominje rec "preduzetnik". Moguce je da je rec o nekom trecem tekstu, a moguce je takodje i da je neko malo improvizovao...

Edited February 5, 2015 by Indy

[eumeswil]

Kad je već spomenut Dzobs, Gejts, jedan isečak iz knjižice o takvom informacionom kapitalizmu:

http://www.cambridgescholars.com/download/sample/60765

 

 

World production has also changed how commodities are put together creating global assembly lines coordinated by real-time flows of information. As Former Citibank CEO Walter Wriston explains, “The popular IBM PS/2 Model 30-286 contains a microprocessor from Malaysia; oscillators from either France or Singapore; disk controller logic array, diskette controller, ROM and video graphics array from Japan; VLSO circuits and video digital-to-analog converter from Korea; and Dram from Singapore, Japan, or Korea—and all this is put together in Florida...Since there are thousands of such products put together in similar ways, the old concept of trading one item for another is obsolete.”4

 

In the computer industry both high- and low-end jobs are done worldwide. Data processing centers and backroom work is spread from Manila to Ireland, and around the globe to the Bahamas. The time it takes to send work from New York to India differs only in seconds from the executive sending work to a secretarial pool downstairs. International data centers are doing everything from credit checks, library catalogs, to patient records and Playboy articles. At the high end of software writing are new centers such as Bangalore, India, where universities are producing tens of thousands of programmers a year. The results have been home- grown computer businesses that receive work from Motorola, IBM and other world-class transnationals. These knowledge workers compete with American graduates at about five dollars an hour, a middle class wage in India.