Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 7. März 2018

Digital revolutions in public finance

Posted by hkarner - 7. März 2018

Sanjeev Gupta, Michael Keen, Alpa Shah, Geneviève Verdier 07 March 2018, voxeu

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Will More Italians Vote With Their Feet?

Posted by hkarner - 7. März 2018

Edoardo Campanella

Edoardo Campanella is a Future of the World Fellow at the Center for the Governance of Change of IE University in Madrid.

Roughly 5.5 million Italians – 8% of the country’s population – currently reside abroad, with 1.5 million having left since 2007. The results of the recent election are likely to convince even more of Italy’s best and brightest that they would be better off leaving.

MILAN – Italy’s inconclusive general election, with its clear populist drift, will likely lead to a prolonged period of political stalemate, freezing the adoption of much-needed structural reforms. But the deadlock, and the related perception that the country is unwilling to change, might have another chilling effect. It will push more of Italy’s top talent abroad, exacerbating a trend that has plagued the country for more than a decade.

Since 2007, almost 1.5 million Italians have left the country, joining four million other expats. To put the number in perspective, roughly 8% of the Italian population currently resides abroad. But the actual figure could be higher. Italian expats refrain from declaring to national authorities their true residential status to preserve their access to benefits like free health care. Den Rest des Beitrags lesen »

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The People vs. Democracy?

Posted by hkarner - 7. März 2018

Jan-Werner Mueller

Jan-Werner Mueller is a professor of politics at Princeton University. His latest book is What is Populism?

Are voters really so irrational and ill-informed that they make terrible choices, as the election result in Italy, the UK’s Brexit vote and the election of Donald Trump in the US seem to suggest? If they are, as many liberals have come to believe, the obvious next step is to take even more decision-making power away from them.

PRINCETON – The election result in Italy, where populists and far-right parties topped the polls, following the twin disasters of Brexit in the United Kingdom and Donald Trump’s election in the United States, seems certain to harden a common liberal belief: the people brought these calamities on themselves. “Ordinary citizens,” according to this view, are so irrational and ill-informed that they make terrible choices. Some go a step further and attribute to them coherent preferences for anti-democratic leaders. Indeed, a new book asserts that the problem is one of The People vs. Democracy. Den Rest des Beitrags lesen »

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The World After Trump: How the System Can Endure

Posted by hkarner - 7. März 2018

Date: 06-03-2018
Source: Foreign Affairs By Jake Sullivan

The warnings started long before Donald Trump was even a presidential candidate. For at least a decade, a growing chorus of foreign policy experts had been pointing to signs that the international order was coming apart. Authoritarian powers were flouting long-accepted rules. Failed states were radiating threats. Economies were being disrupted by technology and globalization; political systems, by populism. Meanwhile, the gap in power and influence between the United States—the leader and guarantor of the existing order—and the rest of the world was closing.

Then came Trump’s election. To those already issuing such warnings, it sounded the death knell of the world as it was. Even many of those who had previously resisted pessimism suddenly came to agree. As they saw it, the U.S.-led order—the post–World War II system of norms, institutions, and partnerships that has helped manage disputes, mobilize action, and govern international conduct—was ending for good. And what came next, they argued, would be either an entirely new order or a period with no real order at all. Den Rest des Beitrags lesen »

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Europas Firmen zahlen mehr Dividende – Österreich abgeschlagen

Posted by hkarner - 7. März 2018

6. März 2018, 15:55 derstandard.at

Dividenden tragen auf lange Sicht ein Drittel zur Aktien-Gesamtperformance bei

Wien – Europäische Firmen zahlen ihren Aktionären besonders viel Dividende – heuer werden sie 323 Mrd. Euro ausschütten, um 7,7 Prozent mehr als 2017, erwartet Allianz Global Investors. Weltweit an der Spitze steht Neuseeland mit 5,11 Prozent Dividendenrendite, gefolgt von Russland (4,83) und Portugal (4,47). Österreichische Unternehmen rangieren mit 2,22 Prozent erst auf Platz 25, im unteren Drittel. Deutschland liegt mit seinen 2,51 Prozent nur drei Plätze vor Österreich – Japan jedoch mit 1,94 Prozent hinter Österreich, ebenso wie US-amerikanische Unternehmen (1,89 Prozent). Den Rest des Beitrags lesen »

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Mathew D. Rose – Germany’s Social Democrats did the right thing: committed political suicide

Posted by hkarner - 7. März 2018

Sometimes historical events occur and no one really notices. The decision of the German social democrats to once again enter a grand coalition heralds the end of a political party with a history of over 150 years. But no one really cares, anyway. With its pact with neo-liberalism it lost its soul.

Mathew D. Rose is an Investigative Journalist specialised in Organised Political Crime and an editor of BRAVE NEW EUROPE.

As I participated in my first political demonstration in Germany in 1979 – against nuclear energy – the chant I learned was “Wer hat uns verraten? Die Sozialdemokraten” (Who betrayed us? The Social Democrats). This harks back to 1914 as the then left-wing Social Democratic Party (SPD) voted to support Germany’s entry into the first world war. Betraying its voters is what the SPD has been doing ever since – except maybe during the chancellorship of Willy Brandt (1969 to 1974).

While the SPD portrays itself as a centre-left party, at least when elections occur, it is rabidly neo-liberal. The SPD has been in decline since Gerhard Schröder was elected chancellor in 1998 and, together with the Greens, smashed the social market economy. Like Tony Blair and Bill Clinton he realised that neo-liberalism was the ideology to bet on. He was – and will probably remain – the last Social Democratic chancellor of Germany.  Schröder and many of his fellow cabinet and junior ministers from the SPD and the Greens went on to become well-paid lobbyists for international corporations. Schröder himself works for Nord Stream (a German Russian gas pipeline company) and Rosneft (a state-owned Russian oil company). Den Rest des Beitrags lesen »

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Trump Tariffs Spark GOP Rift

Posted by hkarner - 7. März 2018

Date: 06-03-2018
Source: The Wall Street Journal

President tries to extract Nafta concessions while GOP congressional leaders work to derail proposal

President Donald Trump said last week he plans to impose tariffs on steel and aluminum. Shown, US Steel Corp.’s plant in Clairton, Pa.

House Speaker Paul Ryan warned Monday that President Donald Trump’s plan to impose tariffs on steel and aluminum imports could trigger a trade war, as the president sought to wrest economic concessions from Canada and Mexico by turning up pressure on the proposal.

Mr. Trump’s evolving trade policy drew harsh criticism from congressional Republicans, who said they are concerned the president’s new threats will provoke retaliation rather than draw concessions.

“We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan,” said a spokeswoman for Mr. Ryan (R., Wis.), referring to Mr. Trump’s statement last week that he planned to impose global tariffs of 25% on steel and 10% on aluminum.

Congressional Republican leaders aren’t ruling out potential legislative action aimed at blocking such tariffs, according to a Republican familiar with the matter. Any such legislative action would take the relationship between the GOP-led Congress and the Republican president into new waters.

Top Republicans overseeing trade policy have also begun circulating a letter to Mr. Trump, warning that tariffs are a bad idea. Den Rest des Beitrags lesen »

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The Business Case for a Data Refinery

Posted by hkarner - 7. März 2018

Date: 06-03-2018
Source: Scientific American

Crude data is similar to crude oil—in its raw form, it’s usually too messy to be useful

The Business Case for a Data Refinery

The Economist has proclaimed that data is „the oil of the digital era.” Data will be for the 21st century what oil was for the 20th century—an enabler of new technologies, new products and new businesses. Data will be a focal point around which the economy, society and politics will organize. It is the clean new resource of the future, with undiscovered potential.

But, turning oil into something valuable has always been a complex process. Oil is crude when it comes out of the ground and needs to be cracked at a refinery to turn it into something useful.

Data is similar. In its raw form, it’s usually too big, too messy, and lacks structure. To solve this problem, imagine the concept of a “data refinery”— a software platform that pulls in huge datasets, finds patterns in that data and makes predictions. The data refinery is the missing link between gathering data and extracting value from it. Den Rest des Beitrags lesen »

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