Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Observer’

Boris Johnson will find there is a price to pay for No 10’s power grab

Posted by hkarner - 18. Februar 2020

Date: 17‑02‑2020

Source: the Observer

Previous experiments with control‑freak premierships have not turned out well

Boris Johnson has spent his career disguising cunning plans as unintended blunders and dressing up stupid errors as machiavellian strokes. So there has been much understandable confusion about whether the defenestration of Sajid Javid was by accident or by design. In the immediate aftermath of his resignation, Number 10 didn’t much object to suggestions that the prime minister engineered the chancellor’s removal by ambushing him with a demand to sack all his special advisers, a demand that the prime minister knew the other man could never accept. This version of events appalled a lot of Tory MPs and generated much finger‑pointing at Dominic Cummings, who I won’t call the prime minister’s Rasputin because he likes the label too much.

It then suited some of Mr Johnson’s friends to spin that it was not a cunning plan at all, but an innocent cockup. Not: ha, we screwed Javid. But: oops, we lost Saj. On this account, the chancellor reacted with more hostility than anticipated when, towards the end of their conversation on the morning of reshuffle day, Mr Johnson asked him to dispense with his closest aides. The prime minister, so this story goes, was genuinely surprised and sad to lose his services. Den Rest des Beitrags lesen »

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

Remainers aren’t going to vanish on 31 January. We fight on, sure of our cause

Posted by hkarner - 14. Januar 2020

Date: 13‑01‑2020

Source: Observer by Will Hutton

Brexit is a Tory invention and pro‑Europeans must still fight our EU exile

Dom Mckenzie The Observer Comment European movement illustration

In less than three weeks, Britain leaves the EU. Those vast marches, the crowded public meetings, the indefatigable Remain campaigners, the great speeches, the parliamentary wheeler‑dealing and principled resignations were all for nothing. The “get Brexit done” Tories, exploiting the least electable Labour leader ever, won the election and were handed an 80‑seat majority. The die is cast.

For the political class, the issue has become toxic. Boris Johnson wants Brexit expunged from the lexicon so that the new normal is for Britain to be wholly outside the EU. Labour, flattened by its epic defeat, is agreed that to be pro‑EU is political death. Remain Britain – half the population – has no champion.

It is a first order political miscalculation. The Conservative party created Brexit. It must own it. Labour, after 2015, made two monumental miscalls: first, not sufficiently opposing austerity and later voting for article 50. There must be no repeat now. Brexit must be opposed in every dimension. This is a Conservative project. The Tories must be its sole sponsor and live with the consequences. I think it will break them. Den Rest des Beitrags lesen »

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

Debt will kill the global economy. But it seems no one cares

Posted by hkarner - 7. Januar 2020

Date: 05‑01‑2020

Source: The Observer

Warnings from the IMF and World Bank have been dismissed. But even if they are wrong, a demographic crisis looms

The IMF says that large amounts of corporate debt in eight key economies could become unserviceable in the event of a recession.

The warning signs are clear. Debt is rising on every continent and especially in the business sector, which has spent the past decade ramping up its borrowing to previously unheard‑of levels.

Last October, the International Monetary Fund said that almost 40% of the corporate debt in eight leading countries – the US, China, Japan, Germany, Britain, France, Italy and Spain – would become so expensive during a recession that it would be impossible to service. In other words, tens of thousands of businesses, employing millions of people, would have gambled with high levels of borrowing and lost, making themselves insolvent.

Worse, the IMF said the risks were “elevated” in eight out of 10 countries that boasted systemically important financial sectors, adding that this situation was a repeat of the years running up to the last financial crisis.

Last month, the World Bank joined in. It said emerging‑market and developing economies (EMDEs) had pushed their borrowing to a record $55 trillion (£42tn) in 2018. Den Rest des Beitrags lesen »

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

 The Observer view on the Middle East and Vladimir Putin

Posted by hkarner - 19. Dezember 2016

Thanks to R.H. 

Observer editorial, The Guardian.com,

The west seems impotent in the face of Russia’s cynical exploitation of the catastrophe that is Syria

“The world as we speak is united in horror at the savage assaults,” Obama said. “We have seen a deliberate strategy of surrounding, besieging and starving innocent civilians. We’ve seen relentless targeting of humanitarian workers and medical personnel and entire neighbourhoods reduced to rubble and dust. There are continuing reports of civilians being executed. These are all horrific violations of international law.”

Obama’s revulsion is fully justified. UN aid organisers, charity workers, Syrian community leaders, hospital doctors, foreign diplomats, reporters and editorial writers have run out of adjectives to adequately describe the full extent of the suffering experienced by ordinary people whose lives have been destroyed in the six-year-old war. Statistics, although difficult to digest, are still shocking: at least 500,000 killed, 1.9 million injured and more than half the country’s 23 million population forced to flee their homes. Den Rest des Beitrags lesen »

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

Tony Blair’s passionate plea: we must stay at heart of EU – or face disaster

Posted by hkarner - 25. November 2012

Date: 25-11-2012
Source: The Observer

Former prime minister joins fight with Eurosceptics and says
Brussels must promote ‚grand plan‘ about its purpose

Tony Blair is expected to tell business leaders that Europe cannot afford to make ‘incremental changes’.

Tony Blair will make an impassioned intervention in the debate over Britain’s future in Europe, warning that any disengagement from the European Union’s „top table“ would be a disaster for the UK’s economy and its power on the world stage.

With more senior Tories backing moves that could see the UK leaving the EU mainstream, Blair will seek to rally the business community behind a campaign to halt the Eurosceptic bandwagon before it is too late.

At a speech in London on Wednesday, Blair will say that with major economies such as China, India, Brazil and Russia emerging as formidable competitors in the global economic power game, EU membership has never been more important. A source close to the former prime minister said: „Whereas the postwar argument for Europe was about peace versus war, he will make the point that the 21st-century case for Europe is about power versus irrelevance.“

In Wednesday’s speech, to the Business for New Europe coalition of business leaders pushing for reform in Europe, Blair will argue that the EU needs to promote a „grand plan“ about its purpose, driving home the message that member states can best take on these huge economic powers as a united bloc. He will highlight statistics showing that 47% of UK exports go to EU member states while 50% of foreign direct investment is from EU countries. Den Rest des Beitrags lesen »

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

We commend Angela Merkel for her leadership in Europe

Posted by hkarner - 25. Mai 2010

The Observer, Sunday 23 May 2010

The crisis in the eurozone is rapidly evolving into a test of strength between European governments and global financial markets.

The stakes were raised last week when Angela Merkel, German chancellor, announced a ban on naked shorting, a particularly sharp financial transaction by which traders gamble on falls in the prices of assets they don’t actually hold.

The prohibition is unlikely to ease pressure on the single currency, at least in the short term. In fact, the unilateral move was interpreted by markets as an act of erratic regulatory spite, resulting in more panic selling. Den Rest des Beitrags lesen »

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