Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Security’

Endgame Strategizing

Posted by hkarner - 28. Juli 2018

By John Mauldin

July 27, 2018

Take a Deep Breath
Too Much Protection
Behind the Door
Cracks in the Wall
The Best Strategy for the Great Reset

We are all on a debt-filled train that is eventually going to crash, and if you are on it, it won’t stop to let you off first. Jumping at the last minute is not a good option, either. So what do you do? You take action now, while you have time.

Last week I gave you some rules to follow with your investments. They were necessarily general because I’m writing to a broad audience. Today, I will get more specific by discussing some possible strategies for high-net-worth “accredited investors.”

However, you should read this important information even if you aren’t wealthy. You might get there someday and it will help prepare you for it. “Someday” could be sooner than you think, too. The Great Reset will rearrange much of the world’s wealth and some people will see their financial condition change quickly, either for worse or better. There will be some enormously positive opportunities.

And as we will see, many strategies that are currently available only to accredited investors are slowly showing up in lower-cost, publicly accessible ETFs and other instruments around the world. There is truly a fintech-driven revolution going on in the financial industry. For we who make our living in that world, the changes seem to intensify almost daily. As I will discuss at the end of this letter, these changes are forcing me to update my own business model. So opportunities not available to you today may very well be available next quarter or next year. You and your advisors need to stay in the loop. Den Rest des Beitrags lesen »

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Initial Coin Scams

Posted by hkarner - 10. Mai 2018

Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

There are now nearly 1,600 cryptocurrencies, and the number continues to rise. It is time to start recognizing their issuers‘ utopian rhetoric for what it is: self-serving nonsense meant to separate credulous investors from their hard-earned savings.

NEW YORK – Initial coin offerings have become the most common way to finance cryptocurrency ventures, of which there are now nearly 1,600 and rising. In exchange for your dollars, pounds, euros, or other currency, an ICO issues digital “tokens,” or “coins,” that may or may not be used to purchase some specified good or service in the future.

Thus it is little wonder that, according to the ICO advisory firm Satis Group, 81% of ICOs are scams created by con artists, charlatans, and swindlers looking to take your money and run. It is also little wonder that only 8% of cryptocurrencies end up being traded on an exchange, meaning that 92% of them fail. It would appear that ICOs serve little purpose other than to skirt securities laws that exist to protect investors from being cheated. Den Rest des Beitrags lesen »

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Coming Clean in 2018

Posted by hkarner - 13. Dezember 2017

Lucy P. Marcus, founder and CEO of Marcus Venture Consulting, Ltd., is Professor of Leadership and Governance at IE Business School and a non-executive board director of Atlantia SpA.

US President Richard Nixon and many of his aides learned during the Watergate scandal that the cover-up makes the original mistake ten times worse. In 2018, the Trump administration – and companies like Uber and 21st Century Fox – will ignore that lesson at their peril.

LONDON – It has been a bumper year for making the invisible visible. The last 12 months have overflowed with leaks, allegations, and other disclosures, not just of misconduct by individuals, business leaders, and politicians, but also of proactive schemes to prevent that misconduct from ever coming to light.

Last month, it came out that a 20-year-old hacker breached Uber’s system in 2016 and accessed the information of about 57 million people, including some 600,000 of its drivers in the United States. Rather than admit to the security flaw, Uber quietly paid the culprit $100,000 to destroy the data, in the hope that the victims – and, perhaps more important to Uber, the company’s investors – would never find out. Den Rest des Beitrags lesen »

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A Silver Lining for a Hard Brexit

Posted by hkarner - 21. November 2017

Jacek Rostowski was Poland’s Minister of Finance and Deputy Prime Minister from 2007 to 2013.

During a time of American waywardness under US President Donald Trump, the United Kingdom’s national security has increasingly come to depend on the European Union as a buffer against Russian revanchism. Ironically, then, the safest form of Brexit might be the one that hurts the most, so long as it leaves behind a stable EU.

LONDON – It is easy to forget that defense and security are not the same thing. Defense is what countries must resort to when their security breaks down. And during peacetime, countries spend money on defense precisely because they fear for their security.

In 1994, Russia agreed to defend Ukraine’s territorial integrity in exchange for Ukraine’s handover of the nuclear weapons it had inherited from the Soviet Union. But Russia didn’t stop with Crimea; since then, it has waged a low-intensity unconventional war against Ukraine in the country’s eastern Donbas region. Den Rest des Beitrags lesen »

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Here we go again!

Posted by hkarner - 23. Oktober 2017

Date: 22-10-2017
Source: The Wall Street Journal
Subject: Hunt for Yield Fuels Boom in Another Complex, Risky Security

Volumes of collateralized loan obligations, which slice and dice risky, leveraged bank loans, hit a record so far this year

Return-starved investors are piling back into securities that rely on financial engineering to juice returns.

As investors hunt for yield in global markets, acronyms are back.

Complex structured investments got a bad rap during the credit crunch, and products such as collateralized debt obligations, or CDOs, entered financial-crisis lore. Ten years on, return-starved investors are overcoming their skepticism to pile back into securities that rely on financial engineering to juice returns. Den Rest des Beitrags lesen »

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U.K.’s Challenge: Reconciling Its Brexit Aims

Posted by hkarner - 4. April 2017

Date: 03-04-2017
Source: The Wall Street Journal By SIMON NIXON

Prime Minister Theresa May needs a deal that achieves three objectives. But the objectives may be irreconcilable

After nine months of phony war, the Brexit battle lines have been drawn.

Last week’s opening salvos were cloaked in generous diplomatic language. British Prime Minister Theresa May used her letter invoking Article 50 of the Lisbon Treaty to laud Europe’s liberal democratic values and declared her wish for a “deep and special partnership” with the European Union.

EU Council President Donald Tusk reciprocated by declaring the Brexit negotiations an exercise in “damage control” with the goal of keeping the U.K. as close a partner as possible.

The desire for an amicable divorce on both sides is sincere, not least because the consequences of a collapse of the legal frameworks underpinning current cooperation in areas such as trade, finance, science and security would be so severe. Yet neither side is confident that the obstacles to a deal can be overcome.

The greatest obstacles lie within the U.K. itself. Mrs. May faces what may prove an impossible trilemma. Den Rest des Beitrags lesen »

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Cities for Migrants

Posted by hkarner - 27. August 2016

Photo of Peter Sutherland

Peter Sutherland

Peter Sutherland, United Nations Special Representative of the Secretary-General for International Migration and Development, is former Director General of the World Trade Organization, EU Commissioner for Competition, and Attorney General of Ireland. He will issue a report on improving international cooperation on migration later this year.

AUG 26, 2016, Project Syndicate

CORK – In many countries, particularly in Europe, immigration is increasingly framed as a security issue. Mainstream politicians, bowing to pressure from fear-mongering populists, are calling for tighter restrictions, and some countries are openly flouting their legal obligation and moral responsibility to provide protection to refugees fleeing conflict.

But the news is not all bad. Even as corrosive political discourse impedes effective action at the national and international levels, at the municipal level, progressive and effective immigrant-integration initiatives are flourishing. Den Rest des Beitrags lesen »

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Schengen and European Security

Posted by hkarner - 11. Dezember 2015

Photo of Daniel Gros

Daniel Gros

Daniel Gros is Director of the Brussels-based Center for European Policy Studies. He has worked for the International Monetary Fund, and served as an economic adviser to the European Commission, the European Parliament, and the French prime minister and finance minister. He is the editor of Economie Internationale and International Finance.

DEC 10, 2015, Project Syndicate

BRUSSELS – Another key European project is under threat. Some two decades after border controls were first abolished under the Schengen Agreement – which now includes 26 countries, including four non-members of the European Union – Germany has reinstated controls at its border with Austria, and France at its border with Belgium. The controls are meant to be temporary, and the vast majority of other borders remain open. But more openness does not seem to be the direction in which Europe is headed – and that is a serious problem.

The shift away from a “Europe without borders,” instigated by images of refugees walking across internal frontiers, was fortified by the news that most of those who carried out last month’s Paris attacks came from Belgium, and that some may have entered the EU via the Balkans, posing as refugees. The underlying assumption – reinforced by many European politicians, especially interior ministers – is that there is a tradeoff between security and openness. This is far from accurate. Den Rest des Beitrags lesen »

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Angriff auf die Infrastruktur: Gefahr für die Weltmarktführer

Posted by hkarner - 19. September 2015

Date: 18-09-2015
Source: Die Zeit

Die deutsche Industrie digitalisiert ihre Anlagen in Hochgeschwindigkeit. Das verspricht reichlich Profit – für Hacker und Kriminelle.

Digital, Angriff auf die Infrastruktur, Industrie, Digitalisierung, Hacker, IT-Sicherheit

Porsche LeipzigGroße Teile der Autoproduktion haben längst computergesteuerte Roboter übernommen, so hier im Porsche-Werk in Leipzig.

Das größte Problem der deutschen Industrie steckt in einer Frage. Sie lautet: „Wie lange hält diese Maschine hier?“ Der Ingenieur antwortet: „Mindestens zwanzig Jahre, eher länger“. Der Programmierer sagt: „Bis zum nächsten Sicherheitsupdate in drei Monaten, vielleicht kürzer.“

Deutschlands wirtschaftliche Stärke gründet auf seiner Industrie. Auto- und Maschinenbauer, Chemiker, Elektrotechniker und Metallverarbeiter geben Tausenden von Menschen Arbeit. Ihre Produkte stellen sie in Fabriken her, deren hochkomplexe Anlagen oft über Jahre oder sogar Jahrzehnte ohne Unterlass laufen und gleichbleibende Qualität abliefern. So war es bisher. Doch damit könnte schnell Schluss sein.

Die Industrie digitalisiert sich in rasender Geschwindigkeit. Maschinen lernen, miteinander zu kommunizieren – nicht nur innerhalb einer Fabrik, sondern über verschiedene Standorte und sogar über Grenzen hinweg. Roboter in der Produktion merken, wenn das Material zur Neige geht und funken eigenständig nach Nachschub. Oft wissen nur noch Computer, wo in den gigantischen Lagern das gesuchte Bauteil liegt. Längst ist von einer Revolution die Rede und von einem Schlagwort: Industrie 4.0. Es verspricht goldene Zeiten für mutige Unternehmer. Und für Kriminelle. Den Rest des Beitrags lesen »

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Division and crisis risk sapping the west’s power

Posted by hkarner - 3. September 2014

Date: 02-09-2014
Source: The Financial Times By Gideon Rachman

America’s allies have come to rely excessively on the US to guarantee their security

The people who prepare President Barack Obama’s national security briefing must be wondering what to put at the top of the pile. Should it be the Russian assault on Ukraine, or the advance of the Islamic State of Iraq and the Levant (known as Isis) in Iraq and Syria? And what items should go just below that?

The violent anarchy in Libya, the dangerous stalemate in Afghanistan, the looming political crisis in Hong Kong, or a confrontation between Chinese and US planes, near Hainan island?

The US president might reasonably ask why all these crises are breaking out at the same time. His critics have a ready answer. They argue that the Obama administration has shown itself to be weak and indecisive. As a result, America’s adversaries are testing its limits and the US-led security order is under challenge in Europe, the Middle East and Asia.

There is no doubt that the US is war-weary after the conflicts in Iraq and Afghanistan. However, the multiplication of security crises around the world is not just about Mr Obama and the US. In fact, the obsession with what the Americans are doing points to the underlying problem. Its allies have come to rely excessively on the US to guarantee their security. Den Rest des Beitrags lesen »

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