Föhrenbergkreis Finanzwirtschaft

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Archive for 20. Februar 2019

Don’t Worry, Be Happy

Posted by hkarner - 20. Februar 2019

By Sriram Balasubramanian and Paul Cashin

Perched in the eastern Himalayas between India and China and home to about 735,000 people, Bhutan is a unique country in terms of both its geography and society. It turns out that Bhutan also boasts a unique approach to policymaking.

Since the early 1970s, Bhutan’s economic development model incorporated the tenets of Buddhist philosophy and holistic development, which has at its core the functions of preserving the environment and emphasizing the role of happiness and collective well-being in peoples‘ lives. The concept of Gross National Happiness (GNH), and the associated index, guide public policymaking in the country.

To establish the indicators in the index, the Center for Bhutan Studies developed a detailed questionnaire covering the nine key “domains” considered crucial for reflecting the values and principles of national happiness: psychological well-being, health, time use, education, culture, good governance, ecological resilience, community vitality, and living standards.

Bhutan developed GNH indicators in 2005 to move the concept of GNH from an academic notion to a measurable one.

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Europe Again Champions Intervention to Counter China’s Economic Might

Posted by hkarner - 20. Februar 2019

Date: 19-02-2019
Source: The Wall Street Journal

Governments’ struggle to keep up with Beijing’s coordination of business and U.S. strength has prompted more politicians on Continent to advocate a helping hand

BRUSSELS—European leaders are rediscovering the appeal of giving the market’s invisible hand a helping hand in an effort to counter China’s state-backed capitalism.

Government intervention to help build corporate champions was Europe’s standard for the postwar decades but faded amid privatizations and deregulation starting in the 1980s. Now, Europe’s struggle to keep up with China’s government coordination of business and the economic might of the U.S. has prompted more European politicians to advocate interventionism. Den Rest des Beitrags lesen »

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Europe’s Challenge Is Decline, Not Trump

Posted by hkarner - 20. Februar 2019

Date: 19-02-2019
Source: The Wall Street Journal By Walter Russell Mead

Even George Soros warns that the EU may ‘go the way of the Soviet Union in 1991.’

The greatest mistake Europeans can make is to believe that their biggest problem is Donald Trump.

To be fair, it’s an easy error to make. In the long annals of American diplomacy, there’s no previous instance of an American president treating close allies with anything approaching the Trumpian mix of critique and contempt.

But it’s not only Mr. Trump and his supporters whose attitudes should worry Europe. Some of Europe’s closest friends are also increasingly discouraged.

The American intellectual class once rang with inspired and sometimes envious praise of a rising Europe. In 2002 an influential Atlantic essay argued that the “rising challenger” to American primacy was “not China or the Islamic world but the European Union, an emerging polity that is in the process of marshaling the impressive resources and historical ambitions of Europe’s separate nation-states.” It warned Americans to prepare for the emergence of a new superpower on the world stage.

This is not what Europe’s friends see today. Philanthropist George Soros—one of Europe’s keenest observers and strongest defenders—predicted last week that unless things change, “the European Union will go the way of the Soviet Union in 1991.” He is far from alone among the EU’s supporters in bewailing the bloc’s inability to master its growing difficulties. Den Rest des Beitrags lesen »

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Party That Promised to Clean Up Italian Politics Finds It a Messy Business

Posted by hkarner - 20. Februar 2019

Date: 19-02-2019
Source: The Wall Street Journal

Vote to protect coalition ally from prosecution deepens fears in the 5 Star Movement that the party is losing its purpose

Members of the 5 Star Movement, led by Luigi Di Maio, left, voted Monday to block the criminal prosecution of coalition ally Matteo Salvini.

ROME—Italy’s 5 Star Movement rose from a grass-roots campaign against political corruption to an election-winning party. The realities of life in government since last summer, however, are putting it under growing strain.

A vote by the party’s members on Monday to block the criminal prosecution of far-right coalition ally Matteo Salvini posed a sharp dilemma: Preserve the 5 Star’s commitment to allowing the investigation and prosecution of politicians, or protect the governing coalition with Mr. Salvini’s League.

Prosecutors want to put Mr. Salvini, who is also Italy’s interior minister, on trial for allegedly kidnapping 177 undocumented migrants last summer, when he refused to let them disembark from a ship in a Sicilian port for five days. Italy’s Senate would have to lift Mr. Salvini’s immunity from prosecution for a trial to proceed.

A Senate subcommittee is expected to recommend Tuesday that Mr. Salvini keep his immunity. A full Senate vote is expected in March. Den Rest des Beitrags lesen »

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States File Suit Against Trump Administration Over Wall Emergency

Posted by hkarner - 20. Februar 2019

Date: 19-02-2019
Source: The Wall Street Journal

California takes lead to fight president’s order funding the barrier, setting up 2020 election issue

Sixteen states on Monday filed a federal lawsuit challenging President Trump’s national-emergency declaration to pay for a wall along the U.S.-Mexico border, setting up a showdown with the administration that could go to the Supreme Court and last through the 2020 election.

The complaint, filed in California’s Northern District, seeks judicial intervention to stop the order and accuses Mr. Trump of “flagrant disregard for the separation of powers.” The suit claims that the president’s move undermined Congress by redirecting federal money—some of which was intended for states—toward the wall. Den Rest des Beitrags lesen »

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