Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for Januar 2020

Britain’s Independence Day

Posted by hkarner - 31. Januar 2020

Amazing: this comes from the EDITORIAL BOARD of the WSJ (hfk)

Date: 30‑01‑2020

Source: The Wall Street Journal By The Editorial Board

Brexit is an opportunity to transform both Britain and Europe.

Friday night marks an epochal event in Europe’s history as the United Kingdom leaves the European Union. It has been a long journey to reach this point since the Brexit referendum in June 2016—so long that it’s easy to lose sight of the event’s significance amid the fog of political confusion along the way.

That significance can’t be overstated. The EU was founded on the notion that only an ever‑deeper economic union—with an ever‑closer political union close on its heels—could secure peace and prosperity for a Continent traumatized by the 20th century. Most continental political leaders, if not their voters, still believe this. Those leaders also believe, although few dare say out loud, that both forms of union must compromise nation‑state sovereignty.

British voters think otherwise. Their 2016 vote to leave the EU, ratified in December’s general election, was not a vote for war and poverty. It was a vote for a different and, they believe, better form of peace and prosperity than the EU can offer.

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Microsoft Posts Record Sales as Cloud Business Continues to Grow

Posted by hkarner - 31. Januar 2020

Date: 30‑01‑2020

Source: The Wall Street Journal

Intelligent cloud unit had sales of $11.87 billion, up 27% from the year‑ago period

Microsoft reported that revenue rose 14% to $36.9 billion.

Microsoft Corp.’s cloud business is continuing to serve as a source of strong profits even as the company spends heavily to expand its offerings and acquire new customers.

The Redmond, Wash., software giant Wednesday posted stronger fiscal second‑quarter earnings on record sales, driven by growth in its cloud‑computing offerings. Gross margins for the commercial cloud business, which includes Azure computing services and Office 365 applications, grew to 67%. And while margins for the business rose for a fourth‑consecutive quarter, executives told analysts on a conference call that percentage should continue to rise this year.

Revenue from the commercial cloud business grew 39% to $12.5 billion, which Chief Executive Satya Nadella said reflected the company’s ability to sell a broader set of cloud products, including cloud infrastructure as well as cloud‑based productivity applications. Den Rest des Beitrags lesen »

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Let’s abandon climate targets, and do something completely different

Posted by hkarner - 31. Januar 2020

Date: 30‑01‑2020

Source: The Guardian: George Monbiot

Setting targets for climate action sounds sensible, but is actually impeding progress. There’s a different approach: maximisation

‘The 2015 Infrastructure Act introduced a legal duty to ‘maximise the economic recovery’ of petroleum in the UK.’ An oil rig in the North Sea.

The crisis is not imminent. The crisis is here. The recent infernos in Australia; the storms and floods in Brazil, Madagascar, Spain and the US; and the economic collapse in Somalia, caused in part by a devastating cycle of droughts and floods, are not, or not only, a vision of the future. They are signs of a current and escalating catastrophe.

This is why several governments and parliaments, the UK’s among them, have declared a climate emergency. But no one in government acts as if it is real. They operate within the old world of incremental planning for a disaster that has yet to arrive. Den Rest des Beitrags lesen »

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Italy’s progressives had lost hope. The Sardines movement is starting to restore it

Posted by hkarner - 30. Januar 2020

Date: 29‑01‑2020

Source: The Guardian

Success in Sunday’s regional election in northern Italy showed how Salvini’s far‑right politics can be defeated

‘The independent initiative called on citizens to congregate in their local piazzas.’

Supporters of Italy’s centre‑left Democratic party (PD) breathed a sigh of relief on Sunday evening as their candidate in Emilia‑Romagna saw‑off competition from Matteo Salvini’s far‑right League to win the regional elections. That defeat here was even a prospect, though, shows just how much Italy’s political geography has changed.

Historically Emilia‑Romagna, in the north of the country, is a bedrock of communism and has had an unbroken string of leftist governments since the second world war. But the left has been losing ground since the financial crisis of 2008 – as in so much of the continent – with austerity‑stricken rural communities and provincial towns in particular drifting rightwards. Winning in the region would have been a real coup for Salvini, who took personal control of the local campaign.

His plans may have been thwarted, but there is little to suggest that Salvini is losing momentum. While the League may have failed to win over the region as a whole, it has consolidated support in some of Emilia’s major cities. Similarly, at a national level the polls still suggest Salvini’s party is well‑positioned to form a majority government in coalition with other rightwing parties, including the far‑right Brothers of Italy and Silvio Berlusconi’s Forza Italia when the opportunity arises. Such a scenario was reinforced by the results of another vote on Sunday in the poor southern region of Calabria: while the League won just 12%, it also oversaw collaboration among the other rightwing parties to snatch the territory from the incumbent PD governor. Den Rest des Beitrags lesen »

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The Twilight of EU Foreign Policy

Posted by hkarner - 30. Januar 2020

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.

Following decisions by both Russia and Turkey to involve themselves in Libya’s civil war, Germany and France have responded with their own diplomatic initiatives, and the European Union has been left playing a bit part. But by violating the spirit, if not the letter, of the Treaty of Lisbon, EU member states merely weaken themselves.

BERLIN – Reporting on a recent conference in Berlin to discuss the conflict in Libya, one of Germany’s largest newspapers, Frankfurter Allgemeine Zeitung, notes that, “the days when America dominated the Middle East are over.” For more than a decade, the United States has been pulling back, forcing Europe to unfurl its own protective umbrella, either through the European Union or through the foreign policies of individual member states. It is now clear that the second option is winning out. Recent developments in Iran and Libya show that the EU has ceased to be a relevant force in international affairs.

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Christian Democracy or Illiberal Democracy?

Posted by hkarner - 30. Januar 2020

Jan-Werner Mueller is Professor of Politics at Princeton University. He is the author, most recently, of Furcht und Freiheit (Fear and Freedom), which was awarded the Bavarian Book Prize.

In considering whether to expel the increasingly illiberal Fidesz party, the European People’s Party must not allow Hungarian Prime Minister Viktor Orbán to hold himself out as a representative of Christian Democracy. True Christian Democrats reject chauvinistic nationalism and have been indispensable to European integration.

PRINCETON – For years, a conflict has been brewing between Hungarian Prime Minister Viktor Orbán and the European People’s Party, the supranational organization of Christian Democratic and center-right parties in European Union member states. After much hesitation, the EPP suspended Orbán’s party, Fidesz, last March, and is now deciding whether to expel it.

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Everyone Loses on Huawei

Posted by hkarner - 30. Januar 2020

Date: 29‑01‑2020

Source: The Wall Street Journal By The Editorial Board

Britain OK’s Chinese network equipment, but not too much of it.

The U.K. government on Tuesday unveiled a long‑awaited new policy on Huawei equipment in its telecom network, and it’s hard to find anyone who comes out a winner. Prime Minister Boris Johnson has landed a punch of sorts on the Chinese company, but also managed to give his own administration a black eye.

The cabinet’s ruling, undergirded by a report from Britain’s National Cyber Security Center, deems Huawei equipment a threat to national security, but then still allows some of that kit in Britain’s telecoms networks. British companies will be barred from using the Chinese gear in core parts of their fiber‑broadband or 5G cellular networks, such as routers and software that control the flow of traffic across the network. Huawei components will be allowed in non‑core functions such as antennae, subject to geographical restrictions around sensitive sites and also a cap of 35% on Chinese equipment in the network. Den Rest des Beitrags lesen »

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Das Potenzial der KI in Schwellenländern

Posted by hkarner - 29. Januar 2020

Frank-Jürgen Richter

Frank-Jürgen Richter is the Founder and Chairman of Horasis: The Global Visions Community.

KREUZLINGEN – In den fortgeschrittenen Volkswirtschaften durchdringt Künstliche Intelligenz (KI) fast jeden Aspekt des Lebens. Die Reichweite der KI erstreckt sich von der staatlichen Ebene über Unternehmen bis hin zu jedem Einzelnen und ihre Umsetzung beweist ihren transformativen Charakter. 

Doch die Vorteile sind nicht nur in den Industrieländern spürbar. Bis 2030 wird KI voraussichtlich 15,7 Billionen Dollar zur Weltwirtschaft beitragen und in den kommenden Jahren für alle Gesellschaftsschichten sozioökonomischen Nutzen bringen. Ein erheblicher Anteil davon entfällt auf die Schwellenländer, in denen KI bereits jetzt bei der Bewältigung tief verwurzelter Probleme hilft.Die enormen Summen, die in KI investiert werden, verdeutlichen das Potenzial, das viele in dieser neuen Technologie sehen. Schätzungen der International Data Corporation zufolge werden die weltweiten Ausgaben für KI im Jahr 2019 bei etwa 36 Milliarden US-Dollar liegen. Das entspricht einer bemerkenswerten Steigerung von 44 Prozent gegenüber 2018. Bis 2022 rechnet man mit einem weiteren Anstieg auf über 79 Billionen US-Dollar.Der Grund, warum derart hohe Summen in KI-Investitionen fließen, liegt auf der Hand: der daraus zu erzielende weltweite Geschäftswert wird bis 2022 voraussichtlich auf 3,9 Billionen US-Dollar ansteigen, also auf mehr als das Dreifache des Wertes von 1,2 Billionen US-Dollar, der 2018 erzielt wurde. Den Rest des Beitrags lesen »

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A Global Economy Without a Cushion

Posted by hkarner - 29. Januar 2020

Stephen S. Roach, a faculty member at Yale University and former Chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China.

From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks.

NEW HAVEN – With the benefit of full-year data, only now are we becoming aware of the danger the global economy narrowly avoided in 2019. According to the International Monetary Fund’s latest estimates, world GDP grew by just 2.9% last year – the weakest performance since the outright contraction in the depths of the global financial crisis in 2009 and far short of the 3.8% pace of post-crisis recovery over the 2010-18 period.

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A Stronger Germany Could Save Europe

Posted by hkarner - 29. Januar 2020

Date: 28‑01‑2020

Source: The Wall Street Journal By Walter Russell Mead

Angela Merkel’s likely successor wants more defense spending and overseas deployments.

German Defense Minister Annegret Kramp‑Karrenbauer

It’s time for Berlin to take a more assertive stance in world affairs—that’s the opinion of German Defense Minister Annegret Kramp‑Karrenbauer. Ms. Kramp‑Karrenbauer is the heir apparent to Chancellor Angela Merkel and replaced her in 2018 as party chairman for the Christian Democratic Union. This soft‑spoken woman, known as AKK, told me her views on Germany’s position in world politics in an interview here last week and a follow‑up exchange of emails.

Germany, and for that matter Europe, can no longer go on in the old way, she said. In a new international reality marked by the “return of great‑power competition for spheres of influence and supremacy,” Germany “cannot just wait for others to act. . . . We must develop our own concepts, present our own options. . . . It is our duty as Germans, and it is very much in our own interest, to join in these international debates, to drive them forward, to play a part in protecting the international order.”

Since becoming defense minister last summer, AKK has been making waves, most notably when she delivered a speech in Munich last fall that called on Germany to raise military spending gradually to 2% of gross domestic product and urged Germans to consider deployments as far afield as the Sahel and the Indo‑Pacific. Germany already has about 1,000 troops in Mali as part of the United Nations peacekeeping mission there. Den Rest des Beitrags lesen »

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