Föhrenbergkreis Finanzwirtschaft

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Archive for 12. Februar 2018

Mehr Strom für Bitcoin als für Häuser

Posted by hkarner - 12. Februar 2018

orf.on, 12/2/2018

Initiative für Besteuerung

Indien, China, Russland und Südkorea haben bereits angekündigt, den Handel mit Kryptowährungen wie Bitcoin zu beschränken oder gar zu verbieten. In Island droht den Bitcoin-Schürfern, die via geballte Computerpower gezielt Bictoin erschaffen, dagegen Ungemach der anderen Art.

Denn Island hat sich in den letzten Monaten zu einem wahren Hub für die Kryptowährungsindustrie entwickelt. Das hat zur Folge, dass laut Nachrichtenagentur AP in Island heuer wohl erstmals mehr Strom für die energieintensive Gewinnung von Bitcoin und Co. verbraucht werden wird als für alle Haushalte des Inselstaates zusammen.

Dass Island ein logisches Ziel für die Industrie ist, liegt eigentlich auf der Hand: Es gibt auf der Insel erneuerbare Energie in Hülle und Fülle – dank Geothermie- und Wasserkraftwerken. Zudem sorgt das kalte Klima dafür, dass die Kühlkosten für die Serveranlagen der Kryptomining-Firmen besonders niedrig sind. Den Rest des Beitrags lesen »

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Criminalizing the Truth

Posted by hkarner - 12. Februar 2018

Sławomir Sierakowski, founder of the Krytyka Polityczna movement, is Director of the Institute for Advanced Study in Warsaw.

Jan T. Gross, Emeritus Professor of History at Princeton University, is the author of Neighbors: The Destruction of the Jewish Community at Jedwabne, Polish Society Under German Occupation, and Fear: Anti-Semitism in Poland After Auschwitz.

interviews

Poland’s ruling far-right Law and Justice (PiS) party has adopted a controversial new law proscribing references to Polish complicity in the Holocaust. But the law concerns the present – namely, PiS’s need for a legitimating myth – much more than the past.

Sierakowski: Poland has just adopted legislation that PiS claims will end the use of the phrase “Polish death camps” by foreign media and politicians. What did you think when you heard that phrase uttered by former President Barack Obama or former FBI Director James Comey?

Gross: It’s fairly obvious that they were referring to the geographical location of the camps. They of course knew that the Nazis were responsible for running the machinery of death.  Den Rest des Beitrags lesen »

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Where Will We Get the Cash?

Posted by hkarner - 12. Februar 2018

We already knew interest rates were rising. Recent data suggests they could rise significantly more than many expected just a few weeks ago. If so, that will be a big problem for bonds, stocks, and many other assets – not to mention taxpayers who will bear the cost of swelling government debt, consumers who may face inflation, and everybody who will be hurt by a recession.

The combination of a falling stock market and rising interest rates is historically and statistically rare. Normally, when the stock market goes through a correction, interest rates fall. Looking back through history, we see that 1987 and 1994, two years I have been writing about in connection with 2018, were the other unusual years.

I’ve been relatively optimistic on the economy this year, and I still think the year can end well. But given recent events, the path is more challenging now – and the odds of a rough 2019 are growing.

Burn Rate Den Rest des Beitrags lesen »

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Experimental Drug Promises to Kill the Flu Virus in a Day

Posted by hkarner - 12. Februar 2018

Date: 11-02-2018
Source: The Wall Street Journal

Even if drug lives up to claim, it likely won’t be available in U.S. until next year at earliest

As Americans suffer through the worst influenza outbreak in almost a decade, a Japanese drugmaker says it has developed a pill that can kill the virus within a day. But even if the experimental drug lives up to the claim, it likely won’t be available in the U.S. until next year at the earliest.

A late-stage trial on Japanese and American flu patients found that for the people who took the Shionogi & Co. compound, the median time taken to wipe out the virus was 24 hours. That is much quicker than any other flu drug on the market, including Roche AG’s Tamiflu, which the trial showed took three times longer to achieve the same result. Quickly killing the virus could reduce its contagious effects, Shionogi said.

Also, Shionogi’s experimental drug requires only a single dose, while patients need to take two doses of Tamiflu a day, for five days.

Both Shionogi’s compound and Tamiflu take roughly the same amount of time to entirely contain flu symptoms, but Shionogi says its compound provides immediate relief faster. Den Rest des Beitrags lesen »

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The Enlightenment Is Working

Posted by hkarner - 12. Februar 2018

Date: 11-02-2018
Source: The Wall Street Journal By Steven Pinker

Don’t listen to the gloom-sayers. The world has improved by every measure of human flourishing over the past two centuries, and the progress continues, writes Steven Pinker.

For all their disagreements, the left and the right concur on one thing: The world is getting worse. Whether the decline is visible in inequality, racism and pollution, or in terrorism, crime and moral decay, both sides see profound failings in modernity and a deepening crisis in the West. They look back to various golden ages when America was great, blue-collar workers thrived in unionized jobs, and people found meaning in religion, family, community and nature.

Such gloominess is decidedly un-American. The U.S. was founded on the Enlightenment ideal that human ingenuity and benevolence could be channeled by institutions and result in progress. This concept may feel naive as we confront our biggest predicaments, but we can only understand where we are if we know how far we’ve come. Den Rest des Beitrags lesen »

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