Föhrenbergkreis Finanzwirtschaft

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Archive for 18. Oktober 2017

Ex-Premier Renzi attackiert Notenbankchef

Posted by hkarner - 18. Oktober 2017

Dominik Straub aus Rom, 18. Oktober 2017, 17:51 derstandard.at

Ignazio Visco habe die italienischen Krisenbanken zu lasch kontrolliert

Der Misstrauensantrag gegen Ignazio Visco, der formal keiner war, kam in Form einer Motion des von Ex-Premier Matteo Renzi geführten Partito Democratico: In dem Vorstoß wird die Regierung aufgefordert, an der Spitze der Banca d’Italia, der Zentralbank, eine Person zu installieren, die „geeignet ist, neues Vertrauen in das Institut zu garantieren“. Außerdem solle die Exekutive dafür sorgen, dass die Kontrollfunktion der Zentralbank über das Bankensystem wieder gestärkt werde.

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US-Starökonom: „Die Deutschen brauchen keine Angst zu haben“

Posted by hkarner - 18. Oktober 2017

Interview András Szigetvari18. Oktober 2017, 07:00 derstandard.at

Trotz wachsender Wirtschaft müsse die EZB ihre ultralockere Geldpolitik fortsetzen, sagt Barry Eichengreen

STANDARD: Der Internationale Währungsfonds warnt vor einem Crash am Finanzmarkt. Investoren gehen zu viele Risiken ein, weil sich mit sicheren Investitionen keine Zinsen verdienen lassen. Zentralbanken haben zu dieser Entwicklung mit ihrer lockeren Geldpolitik beigetragen. Ein Fehler?

Eichengreen: Die Zentralbanken haben das getan, was sie tun mussten, um die Wirtschaft zu stabilisieren und die Inflation anzufachen. Wie bei jeder medizinischen Behandlung gibt es Nebenwirkungen. Aber nur deshalb, weil es auf den Finanzmärkten zu Ausschweifungen kommt, dürfen Notenbanken ihre Kernaufgabe nicht aus den Augen verlieren, und diese lautet nun einmal für Preisstabilität zu sorgen. Den Rest des Beitrags lesen »

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The missing link: Technology is revolutionising supply-chain finance

Posted by hkarner - 18. Oktober 2017

Date: 17-10-2017
Source: The Economist

Squeezed suppliers and big corporate buyers stand to benefit

IN 2015 Kiddyum, a small company from Manchester that provides frozen ready-meals for children, won a contract from Sainsbury’s, a big British supermarket chain. Jayne Hynes, the founder, was delighted. But sudden success might have choked Kiddyum’s cashflow. Sainsbury’s pays its suppliers in 60 days; Ms Hynes must pay hers in only 30.

In fact Kiddyum gets its cash within a few days. Once approved by Sainsbury’s, its invoices are loaded onto the supermarket’s supply-chain finance platform, run by PrimeRevenue, an American company. The Royal Bank of Scotland (RBS) picks up the bills, paying Kiddyum early. Kiddyum pays a fee which, Ms Hynes says, is a small fraction of the cost of a normal loan. Sainsbury’s pays RBS when the invoice falls due. Den Rest des Beitrags lesen »

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Intellectual Property for the Twenty-First-Century Economy

Posted by hkarner - 18. Oktober 2017

Joseph E. Stiglitz

Joseph E. Stiglitz, recipient of the Nobel Memorial Prize in Economic Sciences in 2001 and the John Bates Clark Medal in 1979, is University Professor at Columbia University, Co-Chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and Chief Economist of the Roosevelt Institute. A former senior vice president and chief economist of the World Bank and chair of the US president’s Council of Economic Advisers under Bill Clinton, in 2000 he founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. His most recent book is The Euro: How a Common Currency Threatens the Future of Europe.

Dean Baker is Co-Director of the Center for Economic and Policy Research in Washington, DC.

Arjun Jayadev

Arjun Jayadev, Director of the Research Centre at Azim Premji University, is a professor of economics at Azim Premji University and the University of Massachusetts.

Developing countries are increasingly pushing back against the intellectual property regime foisted on them by the advanced economies over the last 30 years. They are right to do so, because what matters is not only the production of knowledge, but also that it is used in ways that put the health and wellbeing of people ahead of corporate profits. Den Rest des Beitrags lesen »

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Why, Oh Why, Can’t We Have a Decent Stock Bubble?

Posted by hkarner - 18. Oktober 2017

Date: 17-10-2017
Source: The Wall Street Journal

‘Irrational exuberance’ is tempered by memories of the frothy markets of 2000 and 2007

A “for sale” sign stands among dead grass outside a home in Gilbert, Ariz., in 2009. The public’s “irrational exuberance” is tempered by memories of the housing bubble.

After an eight-year bull market and the cheapest borrowing costs in history, the big surprise isn’t that the stock market’s high, but that it isn’t higher still.

Where’s the irrational exuberance? Why are taxi—-well, Uber—-drivers still talking about politics and sports, when they should be offering stock tips and thinking about packing it all in and day trading?

The simple answer is that after the dot-com bubble of 2000 and the housing and credit bubble of 2007, it’s hard to tempt the wider public into believing in market magic. Den Rest des Beitrags lesen »

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Regionalismus versus Europa

Posted by hkarner - 18. Oktober 2017

Joschka Fischer was German Foreign Minister and Vice Chancellor from 1998-2005, a term marked by Germany’s strong support for NATO’s intervention in Kosovo in 1999, followed by its opposition to the war in Iraq. Fischer entered electoral politics after participating in the anti-establishment protests of the 1960s and 1970s, and played a key role in founding Germany’s Green Party, which he led for almost two decades.

BERLIN – Europa kommt nicht wirklich zur Ruhe, es ist immer etwas los auf dem alten Kontinent. Im Jahre 2016 hat sich eine demokratische Mehrheit in Großbritannien im Namen der Wiedererlangung ihrer „Souveränität“ für den Sprung von der Klippe entschieden. Es war dies, aus britischer Sicht, eine Entscheidung Vergangenheit gegen Zukunft, gewissermaßen zwischen der Erinnerung an das für das Land glorreiche 19. Jahrhundert gegen das wenig versprechende 21. Jahrhundert. Es ist bis heute nicht klar, wie die Landung nach diesem Sprung ins Dunkle aussehen wird – auch wenn mittlerweile vieles dafür spricht, dass diese Landung hart, sehr hart sogar ausfallen wird. Nun, die „Souveränität“ wird es richten und Flügel verleihen, könnte man als Zyniker dazu nur anmerken! 

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Andrew Ng’s Next Trick: Training a Million AI Experts

Posted by hkarner - 18. Oktober 2017

Date: 17-10-2017
Source: Technology Review

Millions of people should master deep learning, says a leading AI researcher and educator.

Andrew Ng, one of the world’s best-known artificial-intelligence experts, is launching an online effort to create millions more AI experts across a range of industries. Ng, an early pioneer in online learning, hopes his new deep-learning course on Coursera will train people to use the most powerful idea to have emerged in AI in recent years.

AI experts have become some of the most sought-after and well-paid employees in today’s tech economy. Deep learning involves teaching a machine to perform a complex task using large amounts of data along with a large simulated neural network. The technique has typically required deep technical knowledge and expertise to master.

Ng left his post as chief scientist at the Chinese Internet company Baidu this March, and there has been widespread speculation about what his next move might be. He says the deep-learning course is the first of three projects he plans to launch through his new startup, Deeplearning.ai. Den Rest des Beitrags lesen »

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