Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for September 2019

Will advances in quantum computing affect internet security?

Posted by hkarner - 30. September 2019

Date: 29-09-2019
Source: The Guardian by John Naughton

Google has built a super-fast computer, but whether it can break the encryption we take for granted is moot

IBM’s new 53-qubit quantum computer: how much of a security threat does the new technology pose?

Something intriguing happened last week. A paper about quantum computing by a Google researcher making a startling claim appeared on a Nasa website – and then disappeared shortly afterwards. Conspiracy theorists immediately suspected that something sinister involving the National Security Agency was afoot. Spiritualists thought that it confirmed what they’ve always suspected about quantum phenomena. (It was, as one wag put it to me, a clear case of “Schrödinger’s Paper”.) Adherents of the cock-up theory of history (this columnist included) concluded that someone had just pushed the “publish” button prematurely, a suspicion apparently confirmed later by stories that the paper was intended for a major scientific journal before being published on the web.

Why was the elusive paper’s claim startling? It was because – according to the Financial Times – it asserted that a quantum computer built by Google could perform a calculation “in three minutes and 20 seconds that would take today’s most advanced classical computer … approximately 10,000 years”. As someone once said of the book of Genesis, this would be “important if true”. A more mischievous thought was: how would the researchers check that the quantum machine’s calculation was correct? Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

The Uninhabitable Earth by David Wallace-Wells review – our terrifying future

Posted by hkarner - 30. September 2019

Date: 29-09-2019
Source: The Guardian by Mark O’Connell

Enough to induce a panic attack … a brutal portrait of climate change and our future lives on Earth. But we have the tools to avoid it

You already know it’s bad. You already know the weather has gone weird, the ice caps are melting, the insects are disappearing from the Earth. You already know that your children, and your children’s children, if they are reckless or brave enough to reproduce, face a vista of rising seas, vanishing coastal cities, storms, wildfires, biblical floods. As someone who reads the news and is sensitive to the general mood of the times, you have a general sense of what we’re looking at. But do you truly understand the scale of the tribulations we face? David Wallace-Wells, author of the distressingly titled The Uninhabitable Earth, is here to tell you that you do not. “It is,” as he puts it in the book’s first line, “worse, much worse, than you think.”

The book expands on a viral article, also titled The Uninhabitable Earth, which Wallace-Wells published in New York in the summer of 2017, and which frightened the life out of everyone who read it. Writing at length, he is even more remorseless in his delineation of what the not nearly distant enough future probably holds for us. The book’s longest section, entitled Elements of Chaos, is composed of 12 short and brutal chapters, each of which foretells a specific dimension of our forecast doom, and whose titles alone – Heat Death; Dying Oceans; Unbreathable Air; Plagues of Warming – are enough to induce an honest-to-God panic attack. Den Rest des Beitrags lesen »

Posted in Books | Verschlagwortet mit: , , , | Leave a Comment »

The Biggest Economies in the World

Posted by hkarner - 30. September 2019

Date: 29-09-2019
Source: https://www.statista.com

Looking at global GDP at current prices, but adjusted for purchasing power/cost of living, China was the biggest economy in the world in 2018, with an adjusted GDP of more than $25 trillion. While the Chinese economy is projected by the International Monetary Fund to grow by 6.3 percent in 2019 (a rather mediocre result for the country), the U.S. in second rank is expected to only grow its $20 trillion GDP by 2.3 percent.

Asian countries among the top 10 biggest economies exhibited the best growth prospects, even among a global economic slowdown. European economies like German and Italy are expected to struggle with growth in 2019, a fate they share with industrialized nation Japan.

According to the IMF, China and the U.S. are to remain at the top of the ranking in 2024, while Indonesia is projected to pull ahead of Germany. By 2030, India is expected to overtake the U.S. as the second-largest economy on the planet. At that time China is also supposed to be the biggest economy in the world in terms of nominal GDP, a record still held by the U.S. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , | Leave a Comment »

Why we must cut out meat and dairy before dinner to save the planet

Posted by hkarner - 30. September 2019

Date: 29-09-2019
Source: The Guardian by Jonathan Safran Foer

Animal products create more greenhouse gas emissions than the entire transportation sector, but we don’t want to confront this inconvenient truth: our eating habits are a problem

Our planet is facing a crisis. But even when we know that a war for our survival is raging, we don’t feel that it is our war. Although many of climate change’s accompanying calamities – extreme weather events, floods and wildfires, displacement and resource scarcity chief among them – are vivid, personal and suggestive of a worsening situation, they don’t feel that way in aggregate. The distance between awareness and feeling can make it very difficult for even thoughtful and politically engaged people – people who want to act – to act.

So-called climate change deniers reject the conclusion that 97% of climate scientists have reached: the planet is warming because of human activities. But what about those of us who say we accept the reality of human-caused climate change? We may not think the scientists are lying, but are we able truly to believe what they tell us? Such a belief would surely awaken us to the urgent ethical imperative attached to it, shake our collective conscience and render us willing to make small sacrifices in the present to avoid cataclysmic ones in the future. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

Österreich ist ein glückliches Land

Posted by hkarner - 29. September 2019

Es stimmt schon: Die durch den «Ibiza-Skandal» provozierten vorgezogenen Neuwahlen in Österreich liessen neben der strategischen Instrumentalisierung dieses Skandals wenig Originelles erwarten. Aber die vollkommene Inhaltsleere erstaunt dann doch.

Konrad Paul Liessmann

Konrad Paul Liessmann ist Professor für Methoden der Vermittlung von Philosophie und Ethik an der Universität Wien. Es gibt keine Fragen, die seiner Kolumne fremd sind.

Österreich ist ein glückliches Land. Es hat so gut wie keine Probleme. Anders ist es nicht zu erklären, dass in dem nun zu Ende gehenden Wahlkampf folgende Fragen im Mittelpunkt des öffentlichen Interesses standen: Hat eine Partei ein paar Kugelschreiber, die als Wahlgeschenke verteilt wurden, auch richtig abgerechnet? Gab es einen Hackerangriff auf die Computer einer Parteizentrale, oder wurde dieser selbst inszeniert? Darf man den Medien bekanntgeben, dass man erfahren hat, dass ein Kandidat zu einer TV-Diskussion mit hohem Fieber antreten musste? Dürfen Künstler eine konservative Partei unterstützen? Sind Millionärinnen, die für die «falsche» Partei spenden, schutzlos sexistischen Angriffen ausgesetzt? Allmählich dämmert es den Beteiligten, dass da etwas fehlt: ein politischer Inhalt.

Es stimmt schon: Die durch den «Ibiza-Skandal» provozierten vorgezogenen Neuwahlen liessen neben der strategischen Instrumentalisierung dieses Skandals wenig Originelles erwarten. Aber die vollkommene Inhaltsleere erstaunt dann doch. Dass dieser Eindruck entstehen kann, verdankt sich einem Zusammenspiel von Parteien und Medien, die offenbar kein Interesse daran haben, sogenannte heisse Eisen anzugreifen oder mit politischen Ideen und Konzepten, die eine seriöse Auseinandersetzung verdient hätten, aufzuwarten. Viel einfacher ist es, auf die Skandalisierung noch der nebensächlichsten Dinge zu setzen, um Aufmerksamkeit und damit vielleicht Stimmen zu lukrieren. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Lagardes besondere Fähigkeiten sind Europas Chance

Posted by hkarner - 29. September 2019

Mohamed A. El-Erian, Chief Economic Adviser at Allianz, the corporate parent of PIMCO where he served as CEO and co-Chief Investment Officer, was Chairman of US President Barack Obama’s Global Development Council. He is President Elect of Queens’ College (Cambridge University), senior adviser at Gramercy, and Part-time Practice Professor at the Wharton School at the University of Pennsylvania. He previously served as CEO of the Harvard Management Company and Deputy Director at the International Monetary Fund. He was named one of Foreign Policy’s Top 100 Global Thinkers four years running. He is the author, most recently, of The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.

LONDON – Ein hoch angesehener Arzt übernimmt die Behandlung eines chronisch Kranken, der zunehmend schwächer und anfälliger wird. Nicht nur lässt die Wirksamkeit der lange verfolgten bisherigen Behandlung des Patienten inzwischen nach; sie löst nun auch schädliche Nebenwirkungen aus. Es gibt einen besseren Behandlungsansatz, aber der steht im Krankenhaus des neuen Arztes nicht zur Verfügung. Und in den Einrichtungen, in denen er zur Verfügung steht, sind die Ärzte zu abgelenkt, um sich des Falls anzunehmen. 

Der neue Arzt ist Christine Lagarde, die weithin bewunderte ehemalige geschäftsführende Direktorin des Internationalen Währungsfonds, die in Kürze Mario Draghi als Präsidenten der Europäischen Zentralbank (EZB) ablösen wird. Die sich ihr stellende Herausforderung besteht darin, ein zweites verlorenes Jahrzehnt schwachen, unzureichend breit gestreuten Wachstums in der Eurozone zu vermeiden. Wie es dem Patienten in ihrer Obhut ergeht – und ob sie zentrale Regierungen innerhalb der Eurozone dazu bewegen kann, die notwenige Behandlung zur Verfügung zu stellen –, wird nicht nur ihr eigenes Erbe bestimmen, sondern auch Draghis. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

The Mainstreaming of Corruption

Posted by hkarner - 29. September 2019

Sławomir Sierakowski, founder of the Krytyka Polityczna movement, is Director of the Institute for Advanced Study in Warsaw and Senior Fellow at the German Council on Foreign Relations.

Unethical behavior by populist parties across the West has forced traditional parties to abandon their own moral standards. And the evidence suggests that if mainstream politicians want to try to beat populists at their own corrupt game, their supporters will reward them for it.

WARSAW – As we have seen in recent years, domination by a populist party can lead to the deep polarization of an electorate. But it also erodes the ethical fabric of political life. Unable to defeat populists through the usual methods, traditional parties have begun to emulate their opponents, leaving voters with no alternative but to embrace cynicism.

In many countries, even supporters of anti-populist parties have begun consciously accepting pathological behavior, rule-breaking, and even illegal acts on the part of their chosen political representatives. Following Gresham’s Law, which holds that bad money drives out the good, opposition forces increasingly feel compelled to scheme and cheat in order to win. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

That Time Keynes Had a Point

Posted by hkarner - 29. September 2019

By John Mauldin

September 20, 2019

False Assumptions
Necessary Debate
Keynesian Sense?

“Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.”

―John Maynard Keynes

I begin with this Keynes quote because, while true, it doesn’t go far enough. The problem isn’t simply defunct economists or “scribblers of a few years back.” We are in the grip of economists who, far from being defunct, hold great power. Whether they hear voices in the air (or Twitter), I can’t say, but they are indeed madmen in authority.

Not all economists are in that category. Many provide valuable insight or are at worst harmless. They don’t pretend they can change human nature or prevent the inevitable. Unfortunately, some economists do believe those things. Worse, they are in places from which they can wreak havoc, and they are. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , | Leave a Comment »

Trump can do more damage than Nixon. His impeachment is imperative

Posted by hkarner - 29. September 2019

Date: 28-09-2019
Source: The Guardian by Robert Reich

Watergate brought down a second-term president. If Trump survives and wins the White House again, all bets are off

Amid the impeachment furor, don’t lose sight of the renewed importance of protecting the integrity of the 2020 election.

The difference between Richard Nixon’s abuse of power (trying to get dirt on political opponents to help with his 1972 re-election, and then covering it up) and Donald Trump’s abuse (trying to get Ukraine’s president to get dirt on a political opponent to help with his 2020 reelection, and then covering it up) isn’t just that Nixon’s involved a botched robbery at the Watergate while Trump’s involves a foreign nation.

It’s that Nixon’s abuse of power was discovered during his second term, after he was re-elected. He was still a dangerous crook, but by that time he had no reason to inflict still more damage on American democracy.

Trump’s abuse has been uncovered 14 months before the 2020 election, at a time when he still has every incentive to do whatever he can to win. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Labour contemplates life after Jeremy Corbyn

Posted by hkarner - 28. September 2019

Date: 26-09-2019
Source: The Economist: Bagehot

The party conference was overshadowed by the question of succession

The supreme court’s thunderclap of a ruling against the government on September 24th was a godsend for Jeremy Corbyn. It not only gave him an excuse to bring his Labour Party conference to a premature end by giving his speech a day early. It also allowed the party to dispense with a speech by Tom Watson, the deputy leader, that might have resulted in mass walkouts. There is nevertheless no doubt that this year’s conference, held in a rainy Brighton, was a miserable affair. An event that is designed to showcase the leader’s preparedness for power was overshadowed by the question of whether he should be preparing for retirement.

The first sign of trouble was a failed attempt to remove Mr Watson from his job by Jon Lansman, the head of Mr Corbyn’s praetorian guard, Momentum. It is no secret that the left covets Mr Watson’s head. But Mr Lansman’s timing was odd given that his plot was guaranteed to ignite an internal war and send the media into a blood-frenzy. The only explanation is panic about the succession. Under current rules the deputy leader takes over temporarily if the leader resigns and therefore plays a role in choosing the next one.

The second sign of trouble was a leaked memo by Andrew Fisher, a member of Mr Corbyn’s inner circle and an author of Labour’s 2017 manifesto. Mr Fisher lambasted Mr Corbyn’s office for its “blizzard of lies” and “lack of competence, professionalism and human decency”. The last two words were particularly cutting. He also warned that the party would not be able to win the next election with the current leadership.

The succession crisis is being driven by two numbers: 70 and 25. At 70, Mr Corbyn is on the old side for somebody who aspires to the most demanding job in British politics. And at 25, Labour’s average poll rating is much too low for a party that aspires to power. Labour should be well ahead of a government that blunders from crisis to crisis. Instead it is behind in every poll, sometimes by some distance. In this year’s European election Labour finished third, behind the Liberal Democrats. In two subsequent by-elections it has suffered double-digit declines in its vote share. Labour mps from the Midlands and the north report that voters constantly tell them they will not back Labour so long as it is led by Mr Corbyn. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »