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Archive for 6. Oktober 2018

5G Devices Are about to Change Your Life

Posted by hkarner - 6. Oktober 2018

Date: 06-10-2018
Source: Scientific American By David Pogue

It will make 4G phones seem positively quaint

You’re probably used to the periodic upgrades in our cell-phone networks. There was 2G, which came along in 1991, replaced with 3G in 2001, followed by 4G in 2009. Now we’re hearing about the coming of 5G.

But 5G is a much bigger leap than what’s come before. Qualcomm’s Web site, in fact, calls it “as transformative as the automobile and electricity. (One of the world’s leading makers of phone-networking chips, Qualcomm was a key player in the development of the 5G standard—and stands to profit handsomely from its success.)

Of course, 5G is much faster than 4G—in the real world, a 5G phone in a 5G city will enjoy Internet speeds between nine and 20 times as fast. The latency of 5G (the delay before those fast data begin pouring in) is one tenth as long.

The arrival of 5G also means enormous leaps forward in capacity—so much that every cell-phone plan will offer cheap, truly unlimited Internet access. “The consequences of that are immense,” says Sherif Hanna, Qualcomm’s director of 5G marketing. Den Rest des Beitrags lesen »

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China has designs on Europe. Here is how Europe should respond

Posted by hkarner - 6. Oktober 2018

Date: 04-10-2018
Source: The Economist

As Chinese investment pours into the European Union, the Europeans are beginning to worry

EUROPE has caught China’s eye. Chinese investments there have soared, to nearly €36bn ($40bn) in 2016—almost double the previous years’ total. Chinese FDI fell in 2017, but the share spent in Europe rose from a fifth to a quarter. For the most part, this money is welcome. Europe’s trading relationship with China has made both sides richer.

However, China is also using its financial muscle to buy political influence. The Czech president, Milos Zeman, wants his country to be China’s “unsinkable aircraft-carrier” in Europe. Last year Greece stopped the European Union from criticising China’s human-rights record at a UN forum. Hungary and Greece prevented the EU from backing a court ruling against China’s expansive territorial claims in the South China Sea. Faced with such behaviour, it is only prudent for Europeans to be nervous.

And not only Europeans. The terms on which the emerging undemocratic superpower invests in the outside world are of interest to all countries—particularly if other things, such as foreign policy, may be affected. Americans, increasingly consumed by fears that China poses a commercial and military threat, should be mindful of competition for the loyalties of its oldest ally. For everyone’s sake, it matters that Europeans gauge their welcome to China wisely. Just now, they do not. Den Rest des Beitrags lesen »

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A Better Approach to Globalization

Posted by hkarner - 6. Oktober 2018

Date: 05-10-2018
Source: YaleGlobal by Koichi Hamada

Research repeatedly demonstrates that globalization delivers prosperity through trade and jobs, new technologies and ideas, cooperation and peace. But many individuals fear open societies, change and competition. Innovative technologies, especially robotics and artificial intelligence, compound the worries and some politicians heighten the anxieties even though resisting globalization actually hampers the competitiveness of their constituents. Koichi Hamada, professor emeritus of economics at Yale University, explains the dilemma: “If political leaders advance globalization, it may worsen the income-distribution problem that in turn triggers public dissatisfaction. The government may react to the dissatisfaction by restricting trade, not only impairing growth but endangering democracy as a result. On the other hand, political leaders that slow globalization in order to avoid political consequences may sacrifice long-term objectives such as human rights and worldwide liberty.” He urges world leaders to address inequality and failure to enforce laws ranging from immigration to taxation as well as encourage foreign investments that expose communities to diversity, innovation and new comforts. – YaleGlobal

Idealism and political realism must reach compromise on globalization, or the world can expect less wealth and more war

Koichi Hamada is professor emeritus of economics at Yale University and a special adviser to the prime minister of Japan. Den Rest des Beitrags lesen »

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Unilever Drops Plan to Leave London Amid Shareholder Revolt

Posted by hkarner - 6. Oktober 2018

Date: 05-10-2018
Source: The Wall Street Journal

Anglo-Dutch consumer-goods giant says it still believes that simplifying its structure would serve its best long-term interests

Unilever PLC on Friday abandoned its plan to ditch its London headquarters in favor of the Netherlands after facing mounting opposition from some of its largest investors.

The maker of Hellmann’s mayonnaise and Ben & Jerry’s ice cream had planned the move as part of a broader consolidation of its British and Dutch operating companies to make it more nimble.

However, a parade of big institutional investors said they would oppose the plan at a shareholder vote later this month. The move would have cost Unilever its place in the U.K.’s FTSE 100 index, forcing some investors to sell. Den Rest des Beitrags lesen »

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The EU HAS to shift from unanimity to qualified-majority voting

Posted by hkarner - 6. Oktober 2018

(the fastest way to kick out the Eastern Europeans) 😒

Date: 04-10-2018
Source: The Economist
Subject: Gaining wisdom, marching forward

Chinese investment, and influence, in Europe is growing
The EU is, at last, beginning to take notice

UNDER the Renaissance ceiling of the Ball Games Hall in Prague Castle, Zhang Jianmin, the newly arrived Chinese ambassador to the Czech Republic, is quoting Xi Jinping, his president. “History always gives people the opportunity to gain wisdom and the power to march forward in some special years,” he says, declaring 2018 “just such a year”. It is four decades since China started its economic reforms, five years since it launched its Belt and Road Initiative (BRI) to knit together Eurasian economies, and thus a fine moment to accelerate the co-operation between his home and host countries.

The conference—billed as an educational event for Chinese investors—was co-hosted by the New Silk Road Institute Prague, a think-tank that describes its “fundamental mission” as “spreading the awareness about the concepts of New Silk Road in the Czech Republic and other European countries”. It is run by Jan Kohout, a former Czech foreign minister and an adviser to the Czech president, who used the event to extol the assets available for sale in his country. The mostly Chinese audience included influential Czechs, a former prime minister and a former industry minister among them. The tableau captured the essence of the blending of politics and commerce that marks China’s growing presence in the Czech Republic. Den Rest des Beitrags lesen »

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Gottfried Haber wird neuer Präsident des Fiskalrats

Posted by hkarner - 6. Oktober 2018

5. Oktober 2018, 13:42 derstandard.at

Der Wirtschaftsökonom folgt ab November Bernhard Felderer nach. Der Beschluss fällt kommenden Mittwoch im Ministerrat

Wien – Gottfried Haber wird neuer Präsident des Fiskalrates, der die Einhaltung der EU-Sparvorgaben in Österreich überwacht. Das hat Finanzminister Hartwig Löger (ÖVP) am Freitag angekündigt. Der 45-jährige Wirtschaftsökonom arbeitet an der Donau Universität Krems und gilt als ÖVP-nahe. Er tritt mit 1. November die Nachfolge von Bernhard Felderer an, der ein Jahr vor Ablauf des Mandats abgetreten ist. Bruno Rossmann, Budgetsprecher und Klubobmann der Liste Pilz, kann der Ernennung einiges abgewinnen: „Es ist zwar wenig überraschend, dass die ÖVP erneut einen Mainstream-Ökonomen an der Spitze des Fiskalrats installiert, aber dennoch eine verpasste Chance für einen dringend nötigen Paradigmenwechsel.“ Dennoch: „Fachlich habe ich Gottfried Haber in den Budget-Expertenhearings als dialogorientierten Experten kennengelernt, dessen ökonomische Sichtweise ich zwar oftmals nicht teile, der diese aber auch dann vertritt, wenn sie nicht der Regierungslinie entspricht.“ Nicht ganz so freundlich äußert sich SPÖ-Finanzsprecher Jan Krainer, der zwar einerseits Haber fachliche Kompetenz zugesteht, andererseits aber ÖVP-Postenschacher beklagt und fürchtet, dass künftig nicht mehr von „einer Unabhängigkeit des Fiskalrats die Rede sein könne.“ Der Ministerrat wird Habers Bestellung kommenden Mittwoch beschließen. Löger lobte Haber am Freitag als die beste Wahl für die verantwortungsvolle Tätigkeit an der Spitze des Fiskalrates. „Mit Haber wird ein starker Fürsprecher für einen verantwortungsvollen Umgang mit Steuergeld an der Spitze des Fiskalrates stehen, der nicht zuletzt aufgrund seiner ausgesprochen hohen Fachexpertise im Bereich des Finanz- und Budgetwesens mein vollstes Vertrauen genießt“, so Löger in einer Stellungnahme.

Vizepräsident seit 2013

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