Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for November 2019

Egalitarianism: Inequality could be lower than you think

Posted by hkarner - 30. November 2019

Date: 28‑11‑2019

Source: The Economist

But there is plenty to do to make economies fairer

Even in a world of polarisation, fake news and social media, some beliefs remain universal, and central to today’s politics. None is more influential than the idea that inequality has risen in the rich world. People read about it in newspapers, hear about it from their politicians and feel it in their daily lives. This belief motivates populists, who say selfish metropolitan elites have pulled the ladder of opportunity away from ordinary people. It has given succour to the left, who propose ever more radical ways to redistribute wealth. And it has caused alarm among business people, many of whom now claim to pursue a higher social purpose, lest they be seen to subscribe to a model of capitalism that everyone knows has failed.

In many ways the failure is real. Opportunities are restricted. The cost of university education in America has spiralled beyond the reach of many families. Across the rich world, as rents and house prices have soared, it has become harder to afford to live in the successful cities which contain the most jobs. Meanwhile, the rusting away of old industries has concentrated poverty in particular cities and towns, creating highly visible pockets of deprivation. By some measures inequalities in health and life expectancy are getting worse. Den Rest des Beitrags lesen »

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Jeremy Corbyn’s political agenda is more radical than his economic one

Posted by hkarner - 30. November 2019

Date: 28‑11‑2019

Source: The Economist

Labour plans to redistribute power as well as income. That is more dangerous than it sounds

This is an age of political surprises. Donald Trump won the presidential election of 2016 after being treated as a no‑hoper. The Brexiteers won their referendum despite being dismissed as cranks. Jeremy Corbyn is now widely seen as a lost cause, particularly after a week in which the chief rabbi accused him of anti‑Semitism and a large poll suggested the Tories could win a majority of 68. But history could easily have another surprise up its sleeve.

What happens if Mr Corbyn defies expectations and enters Downing Street next month? Most people have focused on the economic consequences. Labour boasts that it will “rewrite the rules of the economy” and jack up public spending. But just as significant will be the political consequences. The party plans nothing less than what Tony Benn, Mr Corbyn’s mentor, called an “irreversible shift in the balance of power in favour of the working people”. The political revolution is in many ways more central to the Corbyn project than the economic one. Economics is only the means to remaking Britain’s political soul. Den Rest des Beitrags lesen »

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The Makings of a “Geopolitical” European Commission

Posted by hkarner - 29. November 2019

Mark Leonard is Director of the European Council on Foreign Relations.

As if incoming European Commission President Ursula von der Leyen was not already inheriting a full plate of major challenges, she has also promised to reshape the EU into a „geopolitical“ force to be reckoned with. To succeed, she will need to pass seven tests, in areas ranging from climate change to cybersecurity and competition policy.

BERLIN – On December 1, Ursula von der Leyen will finally take office as president of the European Commission. She has promised to lead a commission that will avoid a scenario in which, as French President Emmanuel Macron recently warned, Europe might “disappear geopolitically” amid an escalating Sino-American rivalry.

To be sure, the European Union has the largest market in the world, the second-highest defense spending (after the United States), 55,000 diplomats, and the world’s largest development-assistance budget. But these strengths are constrained by the fragmentation of European power both between and within member states and EU institutions. While China and the US are both adept at integrating geopolitics with their economic interests, the EU stubbornly acts as if these were separate agendas. Den Rest des Beitrags lesen »

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You’d never know it, but the future of the United Kingdom is at stake

Posted by hkarner - 29. November 2019

Date: 28‑11‑2019

Source: The Guardian Martin Kettle

The upcoming election could trigger the breakup of the union, and yet the main all‑UK parties have barely mentioned it

If the Conservatives win a majority on 12 December, as they are favourites to do, they will claim a mandate to “get Brexit done”. As a result, there is an extremely real possibility that, by the time of the next scheduled election in 2024, the United Kingdom as we know it will no longer exist. Scotland may by then have voted to become an independent country. Northern Ireland may have voted to unify with the Irish republic. But you would hardly know any of this from the general election campaign so far.

In the leaders’ debate between Boris Johnson and Jeremy Corbyn, there was much discussion of Brexit. But there was no discussion about Brexit’s consequences for the parts of the UK – Scotland and Northern Ireland – that did not vote for it. Nor was there a single word about Brexit’s effect on the unresolved divides in Ireland. This was genuinely remarkable. For the past three years, the issue of Ireland has been at the very core of the argument about Brexit. But now, from the leaders of Britain’s two main parties, there was absolutely nothing. Not for the first time in British political debate, it was as though Ireland simply did not exist. Den Rest des Beitrags lesen »

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Climate emergency: world ‚may have crossed tipping points’

Posted by hkarner - 29. November 2019

Date: 28‑11‑2019

Source: The Guardian

Warning of ‘existential threat to civilisation’ as impacts lead to cascade of unstoppable events

‘Part of the west Antarctic ice sheet may be in irreversible retreat,’ said one of the researchers.

The world may already have crossed a series of climate tipping points, according to a stark warning from scientists. This risk is “an existential threat to civilisation”, they say, meaning “we are in a state of planetary emergency”.

Tipping points are reached when particular impacts of global heating become unstoppable, such as the runaway loss of ice sheets or forests. In the past, extreme heating of 5C was thought necessary to pass tipping points, but the latest evidence suggests this could happen between 1C and 2C.

The planet has already heated by 1C and the temperature is certain to rise further, due to past emissions and because greenhouse gas levels are still rising. The scientists further warn that one tipping point, such as the release of methane from thawing permafrost, may fuel others, leading to a cascade. Den Rest des Beitrags lesen »

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Management research is clear as mud

Posted by hkarner - 29. November 2019

Date: 28‑11‑2019

Source: The Economist: Bartleby

It is not fit for purpose, a new book argues

BEWARE THE guru with a theory that explains how companies behave or the perfect recipe for how firms succeed. Beware, too, the lengthy academic studies to similar effect. That is the stark warning of “Management Studies in Crisis: Fraud, Deception and Meaningless Research”, a new book by Dennis Tourish, a scholar of organisations at the University of Sussex.

The idea of “scientific management” dates back to Frederick Winslow Taylor, who wrote a treatise on it in 1911. One example invoked the Bethlehem Iron company, where he supposedly persuaded an employee named Schmidt (about whom Taylor was very condescending) to work harder by paying a piece rate. Den Rest des Beitrags lesen »

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Can Hong Kong Avoid Tragedy?

Posted by hkarner - 28. November 2019

Andrew Sheng, Distinguished Fellow of the Asia Global Institute at the University of Hong Kong and a member of the UNEP Advisory Council on Sustainable Finance, is a former chairman of the Hong Kong Securities and Futures Commission. His latest book is From Asian to Global Financial Crisis.

Xiao Geng, President of the Hong Kong Institution for International Finance, is a professor and Director of the Research Institute of Maritime Silk-Road at Peking University HSBC Business School.

To protect their own futures, the people of Hong Kong must reflect carefully on the need to end violent protests and work together to address genuine grievances. The alternative is not some fantasy of an independent and thriving Hong Kong. It is a devastated economy, a divided society, and a lost generation.

HONG KONG – Nearly six months after they began, the protests in our city have reached fever pitch. On one particularly devastating day earlier this month, police fired more than 1,500 rounds of tear gas, a police officer shot a demonstrator at point-blank range while being attacked, and protesters immolated a man who disagreed with them. More than 4,000 people have been arrested, infrastructure has been destroyed, and the economy has sunk into recession. And for what?

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The Power of Green Public Finance

Posted by hkarner - 28. November 2019

Werner Hoyer

Werner Hoyer is President of the European Investment Bank.

In addition to visionary leadership and a mobilization of businesses, citizens, and civil-society groups, confronting climate change will require massive investments. We cannot count on governments alone to put up the money; rather, we must use public finance to leverage the power of private capital.

LUXEMBOURG – Policymakers and pundits have been wringing their hands over the crises afflicting the European Union, arguing that it is falling behind in confronting major threats to its long-term survival. Yet on the issue of climate change, nothing could be further from the truth. In mid-November, EU member states demonstrated that they can unite behind a shared vision of a low-carbon future. And European institutions are already leading the fight against climate change at the global level. Among these, the European Investment Bank will now be playing an even greater role as an instrument for decarbonizing the economy and limiting global warming to well below 2°C above pre-industrial levels.

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Artificial eyes: How robots will see in the future

Posted by hkarner - 27. November 2019

Date: 26-11-2019
Source: BBC By Janek Schmidt

Early Lidar „spinners“ were bulky devices

It’s never good when a giant of the technology business describes your product as „a fool’s errand“.

But that’s how Tesla’s chief executive Elon Musk branded the laser scanning system Lidar, which is being touted as the best way for autonomous cars to sense their environment.

In April he said Lidar was „expensive“ and „unnecessary“. He believes that cameras combined with artificial intelligence will be enough to allow cars to roam the streets without a human driver.

Lidar emits laser beams and measures how long they take to bounce back from objects, and this provides so-called point-clouds to draw 3D maps of the surroundings.

These can be analysed by computers to recognise objects as small as a football or as big as a football field and can measure distances very accurately.

Despite Mr Musk, some argue these $10,000 (£7,750) pieces of kit are going to be essential. „For a car to reach anything close to full autonomy it will need Lidar,“ says Spardha Taneja of Ptolemus Consulting Group, a mobility consultancy. Den Rest des Beitrags lesen »

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China Is Europe’s Problem Too

Posted by hkarner - 27. November 2019

Date: 26-11-2019

Source: The Wall Street Journal By Walter Russell Mead

Only the trans-Atlantic alliance can counter Beijing’s moves in the Pacific.

What will the trans-Atlantic alliance look like in a world focused on the Indo-Pacific? That, more than President Trump’s unpredictable diplomacy, is the question that haunts Europe.

During the Cold War, protecting Europe from Soviet aggression was Washington’s highest foreign-policy priority. That didn’t only mean that the U.S. put troops in Europe. Washington took European opinions seriously, engaged with Europeans, cut deals with them and was willing to make concessions to preserve alliance unity.

Clearly, some of that has changed. The next U.S. president may not share Mr. Trump’s undiplomatic instincts or his affinity for Brexiteers such as Nigel Farage and anti-Brussels figures like Hungary’s Viktor Orbán. But will he or she engage in the ritualistic ceremonies of diplomatic consultation with the various chancellors, presidents, commissioners and high representatives that Europeans so love? When America’s most urgent foreign policy worries involve smoothing over Japanese-Korean spats or facing down China in the Taiwan Strait, just how relevant will Europe be? When Europe calls Washington, will anybody answer the phone? Den Rest des Beitrags lesen »

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