Föhrenbergkreis Finanzwirtschaft

Nach den kristallklaren Aussagen des Föhrenbergkreises zur Finanzwirtschaft aus dem Jahr 1999 gibt es jetzt einen neuen Arbeitskreis zum Thema.

Mit ‘Education’ getaggte Beiträge

Education is no longer the answer to rising inequality, if it ever was

Geschrieben von hkarner - 15. Juni 2013

Date: 14-06-2013
Subject: Sympathy for the Luddites

In 1786, the cloth workers of Leeds, a wool-industry center in northern England, issued a protest against the growing use of “scribbling” machines, which were taking over a task formerly performed by skilled labor. “How are those men, thus thrown out of employ to provide for their families?” asked the petitioners. “And what are they to put their children apprentice to?”

Those weren’t foolish questions. Mechanization eventually — that is, after a couple of generations — led to a broad rise in British living standards. But it’s far from clear whether typical workers reaped any benefits during the early stages of the Industrial Revolution; many workers were clearly hurt. And often the workers hurt most were those who had, with effort, acquired valuable skills — only to find those skills suddenly devalued.

So are we living in another such era? And, if we are, what are we going to do about it?

Until recently, the conventional wisdom about the effects of technology on workers was, in a way, comforting. Clearly, many workers weren’t sharing fully — or, in many cases, at all — in the benefits of rising productivity; instead, the bulk of the gains were going to a minority of the work force. But this, the story went, was because modern technology was raising the demand for highly educated workers while reducing the demand for less educated workers. And the solution was more education. Den Rest des Beitrags lesen »

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Our Ignorance Will Yield More Crises in Capitalism

Geschrieben von hkarner - 2. Februar 2012

Date: 02-02-2012
Source: The Financial Times by Kenneth Rogoff

Despite recent excesses and imbalances, the free-market system of capitalism is the superior method for managing economies. Regulations combined with visionary thinking go a long way in establishing public goods like education, health or infrastructure and easing imbalances that concentrate benefits among a few. For the government to undertake such tasks, it must be prodded by an aware, educated citizenry. Some see a model in China’s growth as it embraces some free-market principles, yet “As China grows it must shift to a domestic-demand driven model where it will be much harder to resist internal political pressures to interfere with competition,” writes Kenneth Rogoff of Harvard University for the Financial Times. “The idea that Chinese capitalism, which is evolving and transitional, provides a blueprint for the rest of the world, is an absurd exaggeration.” Education is the gateway to managing challenges, achieving sustainability and financial stability. Nations cannot afford ignorance among large groups of citizens who are then swayed by demagogues, Rogoff contends. The globe can anticipate many more painful crises without adequate, far-reaching and lifelong education. – YaleGlobal

Lifelong education could prevent the greed, environmental damage and inequality – the consequences of widespread ignorance about finance and politics Den Rest des Beitrags lesen »

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We’re in a Bubble and It’s Not the Internet – It’s Higher Education

Geschrieben von hkarner - 27. April 2011

Date: 26-04-2011
 Source: TechCrunch Peter Thiel:
Analysts prowl for the next bubble, and venture capitalist Peter Thiel argues that higher education is a likely candidate. In an article for TechCrunch by Sarah Lacy, Thiel compares higher-education costs with US housing prices: Both are touted as investments, promising long-term financial security; highly exclusive homes and educations can convey what Thiel calls “an unhealthy sense of entitlement.” Yet after an expensive Ivy League degree students often return to board with parents. He contends that talented students should succeed even without educations from the world’s most reputable institutions. Setting out to gather evidence supporting his theory, Thiel launched a contest to select 20 talented young adults, including international students from emerging economies, with good ideas, paying them to leave school and start companies instead. The notion that a select education determines success is limiting and self-reinforcing, and Thiel wants to establish a debt-free alternative. Great ideas, aided by funding and determination, can emerge from many sources. – YaleGlobal Den Rest des Beitrags lesen »

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India Graduates Millions, but Too Few Are Fit to Hire

Geschrieben von hkarner - 5. April 2011

The Wall Street Journal

  • APRIL 5, 2011


BANGALORE, India—Call-center company 24/7 Customer Pvt. Ltd. is desperate to find new recruits who can answer questions by phone and email. It wants to hire 3,000 people this year. Yet in this country of 1.2 billion people, that is beginning to look like an impossible goal.

So few of the high school and college graduates who come through the door can communicate effectively in English, and so many lack a grasp of educational basics such as reading comprehension, that the company can hire just three out of every 100 applicants.

Many recent engineering grads in India say that after months of job hunting they are still unemployed and lack the skills necessary to join the workforce. Critics say corruption and low standards are to blame. Poh Si Teng reports from New Delhi. Den Rest des Beitrags lesen »

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A Nation of Dropouts Shakes Europe

Geschrieben von hkarner - 25. März 2011

The Wall Street Journal

  • MARCH 25, 2011


LISBON—Isabel Fernandes, a cheery 22-year-old with a constellation of stars tattooed around her right eye, isn’t sure how many times she repeated fifth grade. Two, she says with a laugh. Or maybe three. She redid seventh grade as well. She quit school with an eighth-grade education at age 20.

Ms. Fernandes lives in a poor suburb near the airport. She doesn’t work. Employers, she says, “are asking for higher education.” Even cleaning jobs are hard to find.

European Pressphoto AgencyProtesters in Porto, Portugal, on March 12 called for relief from the nation’s economic distress, which is made worse by poor education.

Portugal is the poorest country in Western Europe. It is also the least educated, and that has emerged as a painful liability in its gathering economic crisis. Den Rest des Beitrags lesen »

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Degrees and Dollars

Geschrieben von hkarner - 8. März 2011

Date: 07-03-2011

 It is a truth universally acknowledged that education is the key to economic success. Everyone knows that the jobs of the future will require ever higher levels of skill. That’s why, in an appearance Friday with former Florida Gov. Jeb Bush, President Obama declared that “If we want more good news on the jobs front then we’ve got to make more investments in education.”

The day after the Obama-Bush event, The Times published an article about the growing use of software to perform legal research. Computers, it turns out, can quickly analyze millions of documents, cheaply performing a task that used to require armies of lawyers and paralegals. In this case, then, technological progress is actually reducing the demand for highly educated workers. Den Rest des Beitrags lesen »

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India Needs a Sputnik Moment

Geschrieben von hkarner - 5. März 2011

Date: 05-03-2011
 Source: YaleGlobal

Competition is a great motivating force for individuals and nations. In the global battle to innovate, the preferred weapon of choice is education. Warning his nation that India and China produce more engineers and scientists, US President Barack Obama calls for a Sputnik moment, harkening back to the 1950s when the Soviet satellite launch spurred new investments in education and technology. But David J. Karl, president of the consultancy Asia Strategy Initiative, points out that India’s education system is also in dire need of a Sputnik moment: Half of India’s children drop out in primary school; government scrimps on outlays for research and technology in higher education; the nation annually produces more than 600,000 engineers, yet most are poorly prepared for world-class jobs. Innovation is essential for meeting global challenges. The most competitive nations will fund and respect science and math educators, expecting high quality along the way. – YaleGlobal

To compete globally, India must jolt education and spur innovation

Poor grades: India’s primary education ranks 98th among 139 nations (top);
Research “hitting an all-time low.”

LOS ANGELES: History is back in the news in a bid to shape the future. Recently US President Barack Obama recalled a 53-year incident to energize the country. India, one of the emerging giants, could take a page from Obama’s book.

US politicians used the Soviet launch of the Sputnik I satellite on 4 October, 1957, to spur massive new investments in technology and education. By November 2, the New York Times suggested that “The long orbital shadow of the sputnik has been able to do in a few weeks what scientists and educators have been unable to do in years,” in an article headlined “Sputnik Acts a Spur to U.S. Science and Research; Changes Coming.” President Dwight D. Eisenhower signed the National Defense Education Act, boosting math, engineering and science education, in September 1958. NASA began operations the following month. Den Rest des Beitrags lesen »

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America’s Future in the Global Economy: This Week’s Words and Deeds

Geschrieben von hkarner - 12. Dezember 2010

Donnerstag, 9. Dezember 2010, 16:00:10 Robert Reich

On Monday, the same day the White House was finalizing its $900 billion tax deal with Republicans, the President gave an important address at a vocational technical school in North Carolina.

It was his clearest statement yet about the challenges America faces in the global economy. The United States has gone from 1st to 9th place among nations in the percentage of its population that graduates from college, he noted. We now rank 24th in the portion of our children who have a high school degree. Our infrastructure is crumbling.

“The most competitive race is between America and our competitors around the world,” he said. “In the race for the future, America is in danger of falling behind.” Den Rest des Beitrags lesen »

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