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robertogreco + crisis   284

Olafur Grimsson [President of Iceland]: Iceland Bounces Back on Vimeo
"…describes how his country encountered social & democratic upheaval after economic crisis of 2008. Over last 3 years, by combining wide-scale systemic inquiry into governance & judicial systems as well as a long-standing investment in clean energy & technology, Iceland has been able to bounce back w/ a remarkable economic vitality."

"…inherent link btwn implications of what happened in economic area & democratic & social fate of our nation…

What should be paramount in our societies, economics or politics [democracy]?…

What we are now seeing is people power in its purest form…enhanced by social media, but fundamental essence is to challenge governmental…institutions as never before…

…traditional decision-making processes w/in institutions have almost become side show…

…3 more lessons…[1] significance of China… [2] banks have become high tech companies threatening the growth of creative sector economies even if banks are extraordinarily successful… [3] importance of clean energy…"
iceland  policy  2011  politics  energy  greenenergy  finance  banking  crisis  risk  socialmedia  democracy  bailouts  resiliency  economics  creativity  justice  governance  olafurgrimsson  society  transparency  systems  systemicoverhaul  reform  cleanenergy  from delicious
december 2011 by robertogreco
Why San Diegans Are to Blame for the City's Problems - voiceofsandiego.org: Q & As
"There are really two faces or sides to San Diego. There's the San Diego the tourists see. There's a high-tech industry that spawned the new economy by places like UCSD. That's the public face of San Diego at least in terms of the local PR machine, which is very good at getting the San Diego image out.

The reality of San Diego is on the public sector side. I think on the first page we talk about an increasingly grim and visible civic reality, which is dry rot for public services and infrastructure. That's still largely hidden. You get intimations of it like during the 2003 and 2007 fire when you suddenly realize we have very little fire protection.

The problem with San Diego is that the ocean and the sun are both our blessing and our curse. Obviously, it's a wonderful place to live in if you can afford it. But the problem is, is that it induces sort of a sense of complacency that as long as the sun comes up everything is OK."
sandiego  2011  politics  steveerie  jerrysanders  policy  finance  taxes  services  deficit  crisis  finances  california  losangeles  revenue  from delicious
october 2011 by robertogreco
California and Bust | Business | Vanity Fair
"The smart money says the U.S. economy will splinter, with some states thriving, some states not, and all eyes are on California as the nightmare scenario. After a hair-raising visit with former governor Arnold Schwarzenegger, who explains why the Golden State has cratered, Michael Lewis goes where the buck literally stops—the local level, where the likes of San Jose mayor Chuck Reed and Vallejo fire chief Paige Meyer are trying to avert even worse catastrophes and rethink what it means to be a society."
california  2011  finance  michaellewis  debt  money  government  crisis  collapse 
september 2011 by robertogreco
John Lanchester · The Non-Scenic Route to the Place We’re Going Anyway: The Belgian Solution · LRB 8 September 2011
"There is, just, time for this change of course to happen, before it’s all too late. But I fear that the grip of anti-spending ideology is so strong throughout the West, and the politicians’ fear of the banks is so entrenched, that the ten-year slog looks more likely. Oh strangest of all strangenesses, the deep longing for the whole world to be more like Belgium."
johnlancaster  2011  finance  crisis  economics  policy  eu  politics  us  uk  greatrecession  debt  debtceiling  debtcrisis  belgium  from delicious
september 2011 by robertogreco
Nonformality | The revolt of the young
"From revolutions and protests to riots and unrests: young people are taking their fight for the future to the streets. Intergenerational contracts have become obsolete, with many young people feeling robbed of their future in the light of the employment crisis, a damaged environment and social inequality. Observers and activists describe a world awakening with rage, and a revolt of the young that has only just begun. But what will happen next?"
2011  unrest  politics  policy  generations  generationalstrife  classwarfare  economics  environment  inequality  disparity  unemployment  youth  arabspring  crisis  wealth  awakening  engagement  uk  chile  egypt  tunisia  zizek  manuelcastells  wolfganggründiger  future  pankajmishra  dissent  revolt  revolution  algeria  iraq  iran  morocco  oman  israel  jordan  syria  yemen  bahrain  greece  spain  españa  portugal  iceland  andreaskarsten  change  protests  riots  from delicious
august 2011 by robertogreco
A Story More Important than Debt Limit Kabuki | Informed Comment
"The reason that the Republicans deliberately destroyed the balanced budget and created unprecedented government debt was precisely in hopes that at some point they could use the debt as an excuse to destroy social security, medicare, and myriads of educational and health programs. They represent rich people, and the rich don’t want to be having to bear their fair share of the national burden. What better way to get out of having to pay those pesky taxes than making sure the government doesn’t do anything for anyone but the rich.<br />
<br />
So everything unfolding in Washington was planned out in a room in 2001, and is going according to plan."
juancole  crisis  2011  2001  wealth  wealthy  debtlimitkabuki  debtceiling  debtcrisis  government  classwarfare  rich  budget  budgetcuts  taxes  finance  from delicious
july 2011 by robertogreco
‪Teddy Cruz Presentation‬‏ - YouTube
"We can be the producers of new conceptions of citzenship in the reorganizing of resources and collaborations across jurisdictions and communities…We could be the designers of political process, of alternative economic frameworks."<br />
<br />
[via: http://www.diygradschool.com/2010/06/professor-teddy-cruz-ucsd.html ]
teddycruz  cities  citizenship  sandiego  tijuana  watershed  conflict  borders  community  communities  militaryzones  military  environment  infromal  formal  collaboration  2009  housing  crisis  density  sprawl  natural  political  art  architecture  design  urban  urbanization  urbanism  recycling  openendedness  open  vernacular  systems  construction  economics  culture  pacificocean  exchanges  flow  landuse  neweconomies  micropolitics  microeconomies  local  scale  interventions  intervention  communitiesofpractice  crossborder  from delicious
july 2011 by robertogreco
Remember World War I
"As I have written elsewhere, the only thing that will spare us now is for President Obama to invoke the 14th Amendment…<br />
Mike Tomasky…has a good piece…making the same argument but questions whether Obama has the nerve to do it—the usual question with our president…<br />
This may sound churlish at such a moment, but in addition to blaming the recklessness of today’s Republican party, the man who deserves substantial blame for this impending economic doomsday is Barack Obama. For two and a half years, he has been all but training the Republicans, Pavlov fashion, to keep rejecting compromise. He has done this by rewarding them with a treat every time they up the ante or move the goal posts.<br />
<br />
Obama’s job, as a crisis president, was to define the nature of the economic disaster and the way out of it, to move public opinion in his direction, and then to make it very costly for Republicans to resist. That’s what the great crisis presidents have done."
robertkuttner  barackobama  debtceiling  crisis  2011  republicans  from delicious
july 2011 by robertogreco
The Cult That Is Destroying America - NYTimes.com
"…it’s increasingly obvious that what we’re looking at is the destructive influence of a cult that has really poisoned our political system.<br />
<br />
…I don’t mean the fanaticism of the right. Well, OK, that too. But my feeling about those people is that they are what they are; you might as well denounce wolves for being carnivores. Crazy is what they do and what they are.<br />
<br />
No, the cult that I see as reflecting a true moral failure is the cult of balance, of centrism.<br />
<br />
…We have a crisis in which the right is making insane demands, while the president & Democrats in Congress are bending over backward to be accommodating — offering…plans that are far to the right of public opinion.<br />
<br />
So what do most news reports say? They portray it as a situation in which both sides are equally partisan, equally intransigent — because news reports always do that. And we have influential pundits calling out for a new centrist party, a new centrist president, to get us away from the evils of partisanship."
paulkrugman  2011  debtceiling  crisis  us  politics  policy  journalism  media  debate  centrism  from delicious
july 2011 by robertogreco
350.org
"350.org is building a global grassroots movement to solve the climate crisis. Our online campaigns, grassroots organizing, and mass public actions are led from the bottom up by thousands of volunteer organizers in over 188 countries.<br />
<br />
350 means climate safety. To preserve our planet, scientists tell us we must reduce the amount of CO2 in the atmosphere from its current level of 392 parts per million to below 350 ppm. But 350 is more than a number—it's a symbol of where we need to head as a planet.<br />
<br />
350.org works hard to organize in a new way—everywhere at once, using online tools to facilitate strategic offline action. We want to be a laboratory for the best ways to strengthen the climate movement and catalyze transformation around the world."
politics  science  climatechange  activism  grassroots  tcsnmy  classideas  change  350.org  community  international  climatecrisis  crisis  sustainability  environment  from delicious
july 2011 by robertogreco
YouTube - DEBTOCRACY (FULL - ENG Subs)
"For the first time in Greece a documentary produced by the audience. "Debtocracy" seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media."
2011  greece  debt  finance  banking  imf  worldbank  odiousdebt  politics  economics  argentina  ecuador  eu  ecb  sovereignty  freedom  europe  olympics  arms  class  classwarfare  social  democracy  government  policy  corruption  goldmansachs  crisis  financialcrisis  healthcare  poverty  education  documentary  globalization  neoliberalism  theft  via:steelemaley 
june 2011 by robertogreco
Crisis in Dairyland - Angry Curds - The Daily Show with Jon Stewart - 02/28/11 - Video Clip | Comedy Central
"Rather than ending tax cuts for the wealthy or closing corporate tax loopholes, Republicans want to get money from teachers."
education  teaching  politics  reform  crisis  wisconsin  2011  jonstewart  humor  banking  salaries  work  labor  unions  from delicious
may 2011 by robertogreco
Eide Neurolearning Blog: The Wrong Environment
"In How Brain Science Can Save You from the Wrong Job, child psychiatrist Edward Hallowell makes the analogy between a child who is struggling in the classroom and adults who can't get engaged in their workplace."<br />
<br />
"Specific person + environment = crisis"<br />
<br />
[Includes] "Hallowells's checklist for  "Is your job a good fit?""
work  crisis  howwework  mismatches  tcsnmy  learning  education  cv  change  culture  fit  workplace  environment  schools  organizations  personalcrisis  organizationalculture  from delicious
april 2011 by robertogreco
How Food Could Determine Libya's Future - Christopher R. Albon - International - The Atlantic
"Ongoing shortages could leave the rebels too weak to topple Qaddafi, but the U.S. may be in a position to help"
food  libya  crisis  us  policy  goodwill  qaddafi  2011  from delicious
march 2011 by robertogreco
The Tipping Point | Coffee Party
"Years from now, we will think of February 2011 as the tipping point in America’s great awakening. After all the warnings and wake-up calls, this be will remembered as the time when the American people decided to come together, confront the plutocracy that plagues our republic, and do something to change the economic inequality / instability that has grown from it. There is a tide. If you don't yet feel it, here are Ten Wake Up Calls that we predict will help define February 2011 in America.  The more people who get involved, the more meaningful it will be.  So, please share this page with others who may still need a reason to wake up and stand up."<br />
<br />
1 Egypt; 2 Bob Herbert's Challenge To America; 3 The Protest & the Prank Call in Wisconsin; 4 Johann Hari's article in The Nation; 5 It's the Inequality, Stupid; 6 The Great American Rip-off; 7 BP makes US sick; 8 House of Representatives run amok; 9 The Stiglitz Deficit-reduction Plan; 10 Tax Week, April 11 to 17, 2011."
2011  tippingpoint  us  politics  policy  plutocracy  change  gamechanging  egypt  bobherbert  matttaibbi  bp  corporations  corporatism  capitalism  corruption  campaignfinance  josephstiglitz  johannhari  inequality  disparity  incomegap  taxes  crisis  banking  finance  government  bailouts  foreclosures  unions  unionbusting  wisconsin  deficits  deficitreduction  teaparty  coffeeparty  kochbrothers  havesandhavenots  money  wealth  influence  power  from delicious
february 2011 by robertogreco
Rahm Emanuel's Task: The Reinvention of the Great American City - James Warren - Politics - The Atlantic
"Now, however, cities and states are troubled, with some on the verge of insolvency. There are predictions of defaults and bankruptcies amid staggering financial woes, with anger spreading vividly in Madison and Indianapolis, and more surely to come.<br />
Chicago, too, has a huge budget deficit, an awful pension situation, a woefully inconsistent school system, high crime, persistent segregation and a declining mass transit system in need of capital investments. It thus offers a laboratory for dealing with all the great issues facing the country: education, housing, transit, infrastructure, jobs and health care."
rahmemanuel  2011  chicago  cities  laboratories  urban  urbanism  schools  crisis  transit  masstransit  crime  segregation  education  housing  infrastructure  health  healthcare  pensions  from delicious
february 2011 by robertogreco
Is America drowning in debt? | Dylan Ratigan [crappy transcript]
"…isn’t a question of public unions in any way abusing system. this is a question of a governor who wants to giveaway tax cuts, & a movement in this country by corporations & [plutocrats] talking about we need shared sacrifice but they get tax cut after tax cut. we’re paying the lowest amount of taxes …as we have in 50, 60 years…"<br />
<br />
"wisconsin is #2 in country of SAT/ACT scores…5 of the lowest rated…states…have no collective bargaining w/ teachers."<br />
<br />
"we are subsidizing by the trillion a banking system that’s gouging our country. we pay 2X what we should be paying for health care because of employer based health insurance monopolies & fee for service health care. those health care costs are passed on to all of us. would we not be having a much more beneficial conversation if we were willing to deal with systemic corruption that is the health care system that costs us double what it should & a banking system that …not only does it not invest in our country but seeks to poach…"
crisis  wisconsin  education  collectivebargaining  unions  taxes  republicans  pensions  healthcare  taxcuts  banking  finance  corruption  specialinterests  politics  policy  from delicious
february 2011 by robertogreco
Florian Schneider, (Extended) Footnotes On Education / Journal / e-flux
"Networked environments or what could be called “ekstitutions” are based on exactly the opposite principle: they promise to provide instant access to knowledge. Ek-stitutions exist: their main purpose is to come into being. They exist outside the institutional framework, & instead of infinite progress, they are based on a certain temporality."

"The challenge that ekstitutions permanently face is the question of organizing, while in institutional contexts the challenge is, on the contrary, the question of unorganizing. How can they become ever more flexible, lean, dynamic, efficient, & innovative? In contrast, ekstitutions struggle w/ task of bare survival. What rules may be necessary in order to render possible the mere existence of an ekstitution?"

"It is crucial to acknowledge that institutions and ekstitutions cannot mix—there is no option of hybridity or of simultaneously being both, although this may very often be demanded by rather naïve third parties."
education  universities  crisis  labor  critique  agitpropproject  florianschneider  ekstitutions  institutions  learning  unschooling  deschooling  situationist  gillesdeleuze  deleuze  collaboration  lcproject  autodidacts  autonomy  connectivism  connectedness  networkedlearning  networkculture  virtualstudio  highereducation  highered  organization  organizing  unorganizing  capitalism  latecapitalism  commercialism  commoditization  marxism  anarchism  money  management  the2837university  from delicious
february 2011 by robertogreco
The Interventionist's Toolkit: Places: Design Observer
"Driven by local and community issues and intended as polemics that question conventional practice, these projects reflect an ad hoc way of working; they are motivated more by grassroots activism than by the kind of home-ec craft projects (think pickling, Ikea-hacking and knitting) sponsored by mainstream shelter media, usually under the Do-It-Yourself rubric. (Although they do slot nicely into the imperative-heavy pages of Good and Make magazines.) They are often produced by emerging architects, artists and urbanists working outside professional boundaries but nonetheless engaging questions of the built environment and architecture culture. And the works reference edge-condition practitioners of earlier generations who also faced shifts within the profession and recessionary outlooks: Gordon Matta Clark, Archigram, Ant Farm, the early Diller + Scofidio, among others."
politics  urban  social  urbanism  activism  interventioniststoolkit  designobserver  favelachic  diy  economics  crisis  greatrecession  recession  serendipitor  amphibiousarchitecture  architecture  design  urbanfarming  farming  make  making  mirkozardini  anarchism  anarchitects  anarchitecture  space  place  diyurbanism  culture  archigram  matta-clark  antfarm  dillerscofidio  agitpropproject  the2837university  from delicious
february 2011 by robertogreco
Next American City » Buzz » Richard Florida’s Monorail [via: http://twitter.com/agpublic/status/19607992852815872 ; see also: http://twitter.com/agpublic/status/19616177701523457]
"MacGillis quotes Florida: “We can confer subsidies on places to improve their infrastructure, universities, and core institutions, or quality of life, [but] at the end of the day, people—not industries or even places—should be our biggest concern. We can best help those who are hardest-hit by the crisis, by providing a generous social safety [net], investing in their skills, and when necessary helping them become more mobile and move to where the opportunities are.”<br />
<br />
"What it reminded me of most, sadly, was the episode of The Simpsons, in which Springfield gets a monorail." [Explained.]<br />
<br />
"Though he spends the rest of the book waxing philosophical on motorcycle repair, Crawford does touch on economics from time to time, and he raises some damning points. In essence, he points out that in the race to make our workforce more and more skilled in the “knowledge economy” we have forgotten entirely about the value, both economic and cognitive, of the skilled trades."
adamgreenfield  richardflorida  urban  urbanism  creativeclass  socialsafetynet  mobility  education  reeducation  mindchanges  shopclassassoulcraft  crisis  recession  urbandecay  urbanplanning  socialprograms  policy  simpsons  monorails  snakeoilsalesmen  alanbinder  matthewcrawford  from delicious
december 2010 by robertogreco
Borderland › Rothstein on Accountability in Schools
"Approximately 30 well-spent minutes with Richard Rothstein, who patiently spells out what is happening as a consequence of using narrow measures of accountability for schools vs. what really needs to happen."
richardrothstein  policy  accountability  measurement  teaching  learning  schools  us  2010  obesity  children  afterschoolprograms  fitness  poverty  standardizedtesting  extendeddayprograms  health  achievementgap  dougnoon  math  mathematics  reading  crisis  achievement  media  politics  fear  education  ideology  medicaid  parenting  earlychildhood  teacherquality  economics  unemployment  race  wealth  language  from delicious
december 2010 by robertogreco
A Superpower in Decline: Is the American Dream Over? - SPIEGEL ONLINE - News - International
"America has long been a country of limitless possibility. But the dream has now become a nightmare for many. The US is now realizing just how fragile its success has become -- and how bitter its reality. Should the superpower not find a way out of crisis, it could spell trouble ahead for the global economy. <br />
<br />
Part 1: Is the American Dream Over?<br />
Part 2: The Ownership Fetish<br />
Part 3: America's 'Perfect Storm'<br />
Part 4: The New American Nightmare<br />
Part 5: A Brighter Future?<br />
Part 6: The Danger of Currency Warfare"
2010  us  finance  capitalism  china  crisis  culture  decline  policy  politics  americandecline  economics  history  from delicious
november 2010 by robertogreco
We are not Waiting for Superman, We are Empowering Superheroes | Startl [via: http://weblogg-ed.com/2010/the-wrong-conversations/]
"Our vision of technologically enabled learning is not one of the lone child sitting at her desktop (or laptop) passively consuming PDFs or browsing Web pages. We believe the potential of technology for learning is much greater. We believe its power resides in its ability to deliver active and interactive experiences where a learner participates in the very construction of knowledge by crafting and curating, mixing and re-mixing information with digital tools, a process which can be and should be greatly augmented by online and offline social interactions between friends, in a community of peers, or an extended network of people (both professional and amateur) who share her interests.<br />
<br />
Technology is just a tool. Its effects ultimately depend on the people who use them, how and where. Thus, technology does not negate the role of people or place in learning, but it does change their definitions and their dynamics."
education  change  waitingforsuperman  technology  learning  tcsnmy  relationships  teaching  schools  children  libraries  crisis  reform  lcproject  networks  knowledge  social  from delicious
october 2010 by robertogreco
Alfie Kohn: Competitiveness vs. Excellence: The Education Crisis That Isn't
"Even if we're talking only about economics, it's worth rethinking our zero-sum assumption. In an article in Foreign Affairs called "Competitiveness: A Dangerous Obsession," Paul Krugman showed why it's simply inaccurate to believe that other countries have to fail in order for our country to succeed. (The late economist David M. Gordon made essentially the same point in The Atlantic; his essay was entitled "Do We Need to Be No. 1?")…<br />
<br />
The toxicity of a competitive worldview is such that even people who are reasonably progressive on other issues literally don't notice evidence that's staring them in the face -- in this case, showing that more & more of our population are getting college degrees with each passing year.<br />
<br />
And when we're perpetually worried about being -- and staying -- king of the mountain, we find ourselves taking a position that leads us to view progress made by young people in other countries as bad news. That's both intellectually and ethically indefensible."
alfiekohn  crisis  economics  education  competitiveness  capitalism  testing  standardizedtesting  college  tcsnmy  deschooling  unschooling  progressive  paulkrugman  davidmgordon  excellence  schools  policy  politics  from delicious
august 2010 by robertogreco
Snarkmarket: The Attention Deficit: The Need for Timeless Journalism
"Journalism can now exist outside of time. The only reason we’re constrained to promoting news on a minutely, hourly, daily or weekly basis is because we’ve inherited that notion from media that really do operate in fixed time cycles. But we now have the potential to signal importance on whatever scale you might imagine — the most important stories of the year, of the decade, of the moment.
2007  futureofjournalism  onlinejournalism  innovation  journalism  news  media  time  snarkmarket  mattthompson  robinsloan  timcarmody  follow-up  crisis  continuity  timeshifting  timestretching 
august 2010 by robertogreco
Following up on the need for follow-up » Nieman Journalism Lab [referes to: http://snarkmarket.com/blog/snarkives/journalism/the_attention_deficit_the_need_for_timeless_journalism/]
"Which ends up translating, less elegantly but more specifically, to the tyranny of the news peg. In our current approach to news, ideas and connections and continuities — context, more generally — often become subsidiary to “now” itself. Newness trumps all, to occasionally devastating effect. There’s an economic reason for that, sure (the core of it being that audiences like nowness just as much as journalists). But we also now have tools that invite an intriguing possibility: new taxonomies of time. We have Twitter’s real-time news flow. We have Wikipedia’s wide-angle perspective. We have, above all, the web itself, a platform that’s proven extraordinarily good at balancing urgency with memory. We’d do well to make more of it — if for no other reason than the fact that, as Thompson puts it, “a journalism unfettered by time would align much more closely with timeless reality.”"
news  mattthompson  snarkmarket  magangarber  timcarmody  robinsloan  journalism  media  cycles  2010  context  crisis  reporting  time  research  follow-up  continuity  timeshifting  timestretching  futureofjournalism 
august 2010 by robertogreco
Is Italy Too Italian?: From Taxis to Textiles, Italy Chooses Tradition Over Growth - NYTimes.com ["Roughly one-quarter of Italy’s G.D.P. is off the books."]
"Economists...see a country w/ a service sector dominated by guilds..., a timid entrepreneur class...a political system in thrall of older voters who want to keep what they have, even if it dooms the nation to years of stasis.
italy  argentina  guilds  economics  growth  politics  aging  age  policy  immigration  2010  stagnation  markets  china  globalization  local  slow  manufacturing  crisis  deficits  savings  society  decline  blackmarkets  offthebooks  protectionism  jobs  craftsmanship 
august 2010 by robertogreco
Despite Its Woes, California's Dream Still Lives -- Printout -- TIME
"In any case, California is not imploding, which ought to be heartening to Americans regardless of ideology or geography. Because America is essentially the land of the Etch A Sketch, and California is America but more so, beckoning dreamers who want to cook Korean tacos or convert fuel tanks into hot tubs. It's progressive more in the literal than in the political sense of the word. And it's where America is going: a greener, more advanced and more global economy; a browner and more metropolitan population; and, yes, some staggering debts and other governance problems that need to be resolved. It's expensive and crowded — because people still want to be there! — and it's recovering from an economic earthquake. But it continues to have a powerful claim on the future. "In the depths of the breakdown, you can see the next narrative," says Mark Muro of the Brookings Institution's metropolitan-policy program. "It's California. The next economy is already in place there, and it's amazing.""
californai  2009  progressive  progress  future  crisis  economics  california 
april 2010 by robertogreco
Ushahidi :: Crowdsourcing Crisis Information (FOSS)
"Our goal is to create a platform that any person or organization can use to set up their own way to collect and visualize information. The core platform will allow for plug-in and extensions so that it can be customized for different locales and needs. The beta version platform is now available as an open source application that others can download for free, implement and use to bring awareness to crisis situations or other events in their own locales, it is also continually being improved tested with various partners primarily in Kenya. Organizations can also use the tool for internal monitoring or visualization purposes.
activism  humanrights  visualization  opensource  violence  socialsoftware  maps  mapping  googlemaps  disaster  crowdsourcing  kenya  crisis  ushahidi  sms  foss  via:preoccupations 
april 2010 by robertogreco
Detroit homes sell for $1 amid mortgage and car industry crisis | Business | The Guardian
"The Americans we know got ripped off by the American dream. But [the renovation] is the most like moving out of the country that we can actually do. We're the minority in terms of ethnicity and this is a rich environment … there's 30% open space in the city and that doesn't include the buildings that should be torn down. You're in a city riding your bike around and you hear birds and stuff. It's incredible."
cities  crisis  culture  economics  urbanism  housing  detroit  revival  urban 
march 2010 by robertogreco
The Real Roots of the Crisis - Umair Haque - Harvard Business Review
"Everyone's asking me: so, what's really going to trigger the recovery? My money's on culture.
umairhaque  caring  crisis  culture  economics  us  finance  business  community  money  society 
march 2010 by robertogreco
On the Bailout Hustle - Matt Taibbi - Taibblog - True/Slant
"My feeling is similar to what Barry Ritholtz proposed. He said that “we should have gone Swedish on their asses.” The Swedes after a similar bubble burst in 1992 temporarily seized control of insolvent institutions, forced banks to write down losses before they got aid, & gave taxpayers a huge share in the upside of recovery. It was a tough-love approach that really worked & forcefully addressed the moral hazard issue in a way we never touched.
economics  bailout  sweden  corporatism  matttaibbi  barryritholtz  recovery  crisis  2010  housingbubble  banking  us  policy 
february 2010 by robertogreco
econstories.tv
"In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it."
keynes  hayek  education  politics  economics  humor  government  rap  funny  money  crisis  2010 
february 2010 by robertogreco
The Most Shameful Response to an Apparent Crisis - Bridging Differences - Education Week
"Reminder: the drive for a 40-hour week was a drive on behalf of democracy. When in crisis-mode, we generally jump onto sound bites uttered by personally convincing authorities. We use metaphors which help us understand complexity and then ignore the flaws inherent in our oversimplifications...
deborahmeier  education  schools  policy  us  crisis  phonics  teaching  statistics  leadership  management  history  politics  administration  rttt  accountability  cheating  injustice 
february 2010 by robertogreco
Wall Street's Bailout Hustle : Rolling Stone
"the biggest gift the bankers got in the bailout was not fiscal but psychological. "The most valuable part of bailout was implicit guarantee that they're Too Big to Fail." Instead of liquidating & prosecuting insolvent institutions that took us all down with them in giant Ponzi scheme, we have showered them with money & guarantees and all sorts of other enabling gestures. & what should really freak everyone out is the fact that Wall Street immediately started skimming off its own rescue money. If the bailouts validated anew the crooked psychology of the bubble, the recent profit & bonus numbers show that the same psychology is back, thriving, & looking for new disasters to create. "It's evidence that they still don't get it."
matttaibbi  banking  goldmansachs  corruption  finance  business  policy  wallstreet  fraud  bailout  economics  politics  economy  crisis  aig  2010 
february 2010 by robertogreco
Move Your Money - The Daily Dish | By Andrew Sullivan
"Here's an interesting idea that does not rely on government but can put pressure on the big four banks that just robbed us blind, threw so many out of work and are now refusing to make loans to people who need them: take your money out of the big banks and place it in community banks, ones that were not responsible for the meltdown...The idea is simple: If enough people who have money in one of the big four banks move it into smaller, more local, more traditional community banks, then collectively we, the people, will have taken a big step toward re-rigging the financial system so it becomes again the productive, stable engine for growth it's meant to be. It's neither Left nor Right -- it's populism at its best."
financialcrisis  crisis  finance  banking  us  2009  activism 
december 2009 by robertogreco
Washington's Blog - The Real Reason Newspapers Are Losing Money, And Why Bailing Out Failing Newspapers Would Create Moral Hazard in the Media
"newspapers, bought up by corporations in last generation, have pursued profits at expense of news gathering. By basing their businesses on advertising over circulation, newspaper owners have neglected their true economic base & core constituency...firing reporters that cover subjects that affect the community"... "primary culprit is same as it is all over country, in every industry & in government: equity extraction...when executives expect unrealistic profits of 20%+ per annum on businesses something has got to give. It's an unnatural & unsustainable growth rate. For the first ten or so years of a small to medium size company's life? Sure. But when you are 3M, or GE? Unrealistic and ultimately impossible." A comment: "Everything in our economy, from manufacturing to finance, insurance, real estate and health care, seems to have parasites attached. We need a new model of virtue - quality, not profits - and a new measure of prosperity - salaries for many, not profits for a few."
newspapers  journalism  profits  crisis  moralhazard  bailouts  banking  bonuses  corporations  communitees  business  2009 
december 2009 by robertogreco
The psychological effects of recession - Brainiac
"In each case, a recession during one's impressionable years had a significant effect on political and economic attitudes. People with such an experience were more committed to redistribution, more inclined to attribute success to luck, and less likely to trust public institutions. In each case, having been through a severe recession accounted for 4 percent of the variation in attitudes. For the sake of comparison, in the case of income redistribution, that's about one-third of the effect of possessing a high school education--as opposed to a B.A. or B.S, the authors said. (People with college degrees are less amenable to income redistribution.) ... The paper was intended partly as a contribution to the theoretical debate on how opinions are formed. But it doesn't seem a stretch to conclude that the current economic crisis may have long-lasting political effects--or that American attitudes toward inequality may become somewhat more "European" in years to come."
recession  greatdepression  psychology  policy  politics  economics  change  age  generations  income  redistribution  class  wealth  opinions  crisis  2009 
december 2009 by robertogreco
Time for a new New Deal for California
"The benefits of California's public schools (once the nation's finest) and the world's greatest public university system have been incalculable. We know - we're both products of that educational opportunity. Now is the time for Californians to remember the lesson of what a great, public-spirited generation did for us. Instead of leaving our children a ruined public sector, we should be crying out for a new New Deal."
california  via:javierarbona  greatdepression  greatrecession  education  newdeal  government  politics  policy  2009  crisis  budget 
december 2009 by robertogreco
BLDGBLOG: Crash State
"Yet, for the time being, water stills flows from California's taps, the traffic signals still work, and rural towns still have electricity—but what might happen if California really did "collapse"? What would it look like if the state actually did declare bankruptcy, defaulting on billions of dollars in public debt?"
california  infrastructure  urbanism  society  future  collapse  crisis  economics  finance  bankruptcy  2009  bldgblog 
december 2009 by robertogreco
How Free-Market Delusions Destroyed the Economy | | AlterNet
"From its inception, the free market has spawned discontent, but rare are the moments when that discontent coalesces across society, when a sufficiently large group of people can trace their unhappiness to free market politics, and demand change. The New Deal in the United States and the postwar European welfare states were partly a result of a consortium of social forces pushing for new limits to markets, and a renegotiation of the relationship between individuals and society. What's new about this crisis is that it's pervasively global, and comes at the last moment at which we might prevent a global climate catastrophe."
capitalism  greatrecession  crisis  economics  climatechange  policy  disconntent  global  pobverty  wealth  banking  society 
december 2009 by robertogreco
Mute magazine - Culture and politics after the net
"California dreaming turns to California nightmare as decades of agribusiness, real estate development and exploitation of migrant workers take their toxic toll. Gifford Hartman takes us on a guided tour of the Golden State's darkside"
technology  art  culture  internet  economics  media  geography  activism  michaelpollan  california  politics  capitalism  crisis  economy  ecology  marxism  us  agribusiness  agriculture  realestate  labor  via:grahamje 
december 2009 by robertogreco
Op-Ed Contributor - America on Deadline - NYTimes.com
"Some years ago, psychologists posed a deceptively simple question: if I were to offer you $100 right now, or $110 a week from now, which would you choose? Most subjects chose to take $100 right then. It didn’t seem worthwhile to wait an entire week for only $10 more.

[via: http://blog.longnow.org/2009/12/04/discounting-the-future/ ]
psychology  davideagleman  procrastination  afghanistan  uncertainty  certainty  future  politics  policy  barackobama  instantgratification  delayedgratification  crisis  2009  subprime  shortterm  longterm  longnow 
december 2009 by robertogreco
The Top 10 Stories You Missed in 2009 - By Joshua Keating | Foreign Policy
"#4 A New Housing Bubble?: More than any other factor, ill-advised speculation on U.S. real estate set off the global financial crisis. But even after millions of foreclosures and secondary effects rippled through economies around the world, U.S. homeowners might be starting to make the same mistakes all over again."
politics  china  india  iraq  foreignpolicy  uganda  housingbubble  crisis  finance  brasil  security  media 
december 2009 by robertogreco
Matt Hern » Blog Archive » WALKING AWAY UNDERWATER
"intrigued by the story originating in the LA Times that got wide play this we. Brent White, a University of Arizona law school professor, authored a study that urges ‘underwater’ homeowners (those who owe more than their house is worth) to just walk away from the house and cut their losses ... So aside from the tsunami of social and economic repercussions if half of homeowners are in a position where abandoning their homes is the smart thing to do, another thought came to mind. What happens when the US deficit crosses the 100% threshold of GDP? ... Homeower debt. Credit card debt. National debt. Ecological debt. All of it relies implicitly and explicitly on mythologies of endless growth. Sooner, rather than later, or maybe now, the insanity of it comes clear and people rightly just walk away from the house.
debt  economics  crisis  us  policy  deficit  housing  homes  mortgages  foreclosures 
december 2009 by robertogreco
Sustainability: advancement vs. apocalypse [via: http://archinect.com/news/article.php?id=94101_0_24_0_C]
"Now, what about architecture? I think what the crisis will mean for us is an end to the ¥€$ regime. For those who didn't recognize it, this is a collection of masterpieces by architects in the last ten years (25). It's a skyline of icons showing, mercilessly, that an icon may be individually plausible, but that collectively they form an ultimately counterproductive and self-canceling kind of landscape. So that is out.
architecture  sustainability  oma  remkoolhaas  crisis  projects  theory  extinction 
november 2009 by robertogreco
TED Blog: The best of times, the worst of times
"Historically, American happiness nose-dives in tandem with economic downturns. But despite the recession, current indicators paradoxically show that Americans are, right now, quite happy indeed. Although happiness spiked downward with last fall’s market drop, by this summer, it was at an all-time high. Americans are more optimistic about their health, well-being, and finances than a year ago, and plan to have a merrier Christmas this year, though they will spend less money. Why?
2009  ted  economics  health  happiness  consumption  us  crisis  recession  greatrecession 
november 2009 by robertogreco
What's Your Strategy for the Next Decade? - Umair Haque - HarvardBusiness.org
"who's the fairest of them all?...question most economists are asking. Many answer China, a few holdouts: America. I'd tell you a very different story, clashes with both orthodoxies. Economic might isn't shifting. It's evaporating. Welcome to Age of Decline...isn't just American: it's global, a descent into a new kind of economic dark age - unless different choices are made. Prosperity is a function of institutions — the building blocks on which the economy, polity, & society rest. Without the right institutions, resources cannot be seeded, nurtured, grown, &, ultimately, allocated to their most productive uses. W/out the right building blocks, markets fail, companies self-destruct, & entire economies tremble. And that should sound suspiciously familiar...America's great decline started decades ago, and has been accelerating steadily...we thought America had undergone a productivity miracle. But America's simply been working harder — not smarter. & today, we've reached Peak Dilbert"
future  economics  umairhaque  business  china  us  strategy  growth  bailouts  crisis  2009  peakdilbert  productivity  wealth  efficiency  katrinamerica  skyhooks  cranes  elinorostrom  gamechanging  decline  ageofdecline  innovation 
november 2009 by robertogreco
Prudent Chile Thrives Amid Downturn - WSJ.com
During the emerging economies' commodities boom a few years back, Chilean Finance Minister Andrés Velasco was a wet blanket at the fiesta. Chile, the world's largest copper producer, was reaping a bonanza from the quadrupling in the metal's price. Mr. Velasco insisted on squirreling away a large chunk in a rainy-day fund. As the savings swelled above $20 billion - more than 15% of Chile's economic output -- Mr. Velasco faced growing pressure to break open the piggy bank. In September, protesters barged into a presentation by Mr. Velasco, carrying an effigy of him and shouting, "The copper money is for the poor people." The 48-year-old Mr. Velasco, wary that a flood of copper income could generate lending and consumption bubbles, stood his ground, even as the popularity of the center-left government withered. Latin American history, he cautioned, was full of "booms that had been mismanaged and ended badly. Today Mr. Velasco looks like a prophet."
chile  economics  copper  moderation  development  globalization  latinamerica  politics  money  crisis  2009  prudence  savings  rainydayfund  andrésvelasco 
november 2009 by robertogreco
The Higher Educational Bubble Continues to Grow ~ Stephen's Web ~ by Stephen Downes
"Higher education, writes Karl Kapp, is in the grip of a bubble. The signs?
education  future  stephendownes  highereducation  colleges  universities  2009  2010  crisis  bubbles 
november 2009 by robertogreco
California Is Burning ~ Stephen's Web ~ by Stephen Downes
"This is the leading edge of the crisis in education that is coming. A staggering 32 percent tuition increase - which will be nowhere near enough - has students in the streets. "The misery of tens of millions in every sector of the public -- in education, health, income security, could be swept away if we forced more bankers and executives to live like teachers and nurses for a year or two. That pent-up misery is volatile, though, and starting to flow around the feet of the bankers. More and more of us are waking up to one thought: It's the capitalism, stupid!" More on the occupation movement, students call it the death of public education, reaction from the right, Change.org, some snark from Kevin Carey, coverage from Jezebel, Inside Higher Ed, some good graphics from 10,000 words."
stephendownes  california  crisis  education  universities  colleges  publiceducation  tuition  2009 
november 2009 by robertogreco
Ayn Rand: The Boring Bitch is Back | The Big Picture
"I imagine that Freud would bluntly use Randian logic to note they inhabit a guise of superiority in part to compensate for vast and deeply felt inferiorities and insecurities. ... The takeaway in his book Outliers The Story of Success is quite unRandian — it is that luck plays an enormous factor in out-sized success. That is a factor the Randians prefer to ignore. ... Worst of all, Rand’s Objectivism has become the rationale for all manner of morally repugnant behaviour. However, I did take one personal lesson from Atlas Shrugged to heart: Anytime I see a parked car with a John Galt bumper sticker, I like to knock off one of the sideview mirrors, and leave it on the hood. I include a note stating my selfish, random act made me feel good, and therefore should be a perfectly fine act in their world.
politics  philosophy  aynrand  objectivism  crisis  2009  economics  policy  society  snark  books  criticism  elitism 
november 2009 by robertogreco
The Bitch is Back: Books: GQ
"2009’s most influential author is a mirthless Russian-American who loves money, hates God, and swings a gigantic dick. She died in 1982, but her spawn soldier on. And the Great Recession is all their fault. ... Feeling fisted by the Invisible Hand of the Market lo these past fifteen months? Lost a job lately? Or half the value of your 401(k)? Or a home? All three? Been wondering whence the too-long-ascendant political and economic ideas and forces behind Greenspanism, John Thainism, blind Wall Street plunder, bankruptcy, credit-default swaps, Bernie Madoff, and the ensuing Cannibalism in the Streets? Then you, sir, need to give thanks to Ayn Rand Assholes everywhere—as well as the steely loins from which they sprang.”
society  aynrand  objectivism  snark  books  criticism  2009  crisis  policy  politics  elitism  economics 
november 2009 by robertogreco
The coming age wars « Snarkmarket
"So how could the Obama admin­is­tra­tion stim­u­late the econ­omy by help­ing out younger peo­ple, who are actu­ally deeply suf­fer­ing, rather than by trans­fer­ring it from the young (includ­ing the unborn) to the old?
us  money  stimulus  barackobama  california  michigan  policy  politics  generations  age  agewars  2009  economics  healthcare  medicare  socialsecurity  timcarmody  snarkmarket  colleges  universities  crisis  tuition  future  unemployment 
november 2009 by robertogreco
The New Public Domain - At Public Universities - Less for More - NYTimes.com
"In this par­tic­u­larly hard year, in which uni­ver­sity endow­ments have been ham­mered along with state cof­fers, fed­eral stim­u­lus money has helped most avoid worst-case sce­nar­ios. The 10-campus Uni­ver­sity of Cal­i­for­nia sys­tem, for exam­ple, has received $716 mil­lion in stim­u­lus funds to off­set its $1 bil­lion gap. But that money is a tem­po­rary fix. A quip cir­cu­lat­ing among col­lege pres­i­dents: The stim­u­lus isn’t a bridge; it’s a short pier.
us  colleges  universities  tuition  stateschools  economics  crisis  2009  education  money  flasgshipschools  california  michigan 
november 2009 by robertogreco
Economic Scene - $250 Checks for Social Security Recipients Overlook Reality - NYTimes.com
"If you wanted to help the econ­omy and you had $14 bil­lion to bestow on any group of peo­ple, which group would you choose:
healthcare  government  economics  politics  socialsecurity  age  generations  policy  barackobama  2009  crisis  agewars  us 
november 2009 by robertogreco
Communiqué from an Absent Future « we want everything
"We seek to push the university struggle to its limits.
education  future  politics  economics  activism  crisis  california  consumerism  academia  capitalism  communism  marxism  commons  debt  colleges  universities 
october 2009 by robertogreco
John Gerzema: The post-crisis consumer | Video on TED.com
"John Gerzema says there's an upside to the recent financial crisis -- the opportunity for positive change. Speaking at TEDxKC, he identifies four major cultural shifts driving new consumer behavior and shows how businesses are evolving to connect with thoughtful spending."
trends  johngerzema  community  volunteerism  crisis  ideas  consumer  ted  consumerism  values  savings  conspicuousconsumption  quality  transparency  business  travel  mobility  liquidity  value  libraries  cable  sharing  lending  learning  education  continuingeducation  diy  urbanfarming  sustainability  infrastructure  environment  creditcards  cooperation  trust  crowdsourcing  artisinal  glvo  localcurrency  green  consumption  kogi  carrotmobs  incentives  twitter  ethics  fairplay  empathy  respect 
october 2009 by robertogreco
Matt Taibbi - Taibblog – Elizabeth Warren for President - True/Slant
"Obama ran an incredible campaign last year, managing to turn himself into the stuff of political iconography...But he also inherited a terrible financial crisis & completely whiffed on it, siding with the financial status quo, who happen to be the bad guys. & in general, policywise, he has turned out to be eerily in sync with the previous administration...We need someone who will run on one very basic principle — the refusal to accept corporate money. That someone will have to be willing to be a symbol of voter empowerment. If someone like Warren doesn’t want that responsibility, well, she shouldn’t have gone into office & gone on TV making all that sense & shit. She’s pushed for transparency in the Fed, is openly furious about the misuse of bailout money & seems to take personally the chicanery that credit card companies & banks use to game the suckers out there. I simply cannot see her suddenly flipping & holding $2000-a-plate fundraisers with Lloyd Blankfein & Jamie Dimon."
elizabethwarren  barackobama  politics  crisis  goldmansachs  finance  economics  matttaibbi  democrats  us  policy  2009  2012  presidency 
october 2009 by robertogreco
self-storage | neo-nomad
“Human laziness has always been a big friend of self-storage operators,” Derek Naylor, president of the consultant group Storage Marketing Solutions, told me. “Because once they’re in, nobody likes to spend all day moving their stuff out of storage. As long as they can afford it, and feel psychologically that they can afford it, they’ll leave that stuff in there forever.” Now, though, “there are people who are watching their credit-card bills closer than before,” he said. “They’re really paying attention to the stuff they’re storing and realizing that it’s probably not worth $100 a month to keep. So they just get rid of it.”
nomads  neo-nomads  possessions  self-storage  trends  economics  crisis  recession  2009  us 
october 2009 by robertogreco
The demise of the dollar - Business News, Business - The Independent
"In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar."
via:javierarbona  2009  china  middleeast  currency  japan  business  economics  politics  europe  recession  world  money  finance  iraq  crisis  energy  iran  russia  geopolitics  oil  gold  dollar  us 
october 2009 by robertogreco
Will California become America's first failed state? | World news | The Observer
"Los Angeles, 2009: California may be the eighth largest economy in the world, but its state government is issuing IOUs, unemployment is at its highest in 70 years, and teachers are on hunger strike. So what has gone so catastrophically wrong?"
california  creditcrunch  society  government  recession  healthcare  environment  economics  politics  future  crisis  finance  failedstate  financialcrisis  budget  2009  us  state  economy 
october 2009 by robertogreco
‘We still have the same disease' - The Globe and Mail
"Central bankers have no clue...financial crisis was not a black swan...They ignored the phenomenal buildup in leverage since 1980...After finishing The Black Swan, I realized there was a cancer...huge buildup of risk-taking based on lack of understanding of reality...second problem is hidden risk w/ new financial products...third is interdependence among financial institutions...we still have same amount of debt, but it belongs to governments. Normally debt would get destroyed & turn to air...Are you saying the U.S. shouldn't have done all those bailouts? What was alternative? Blood, sweat & tears. A lot of growth of past few years was fake growth from debt. So swallow losses, be dignified & move on. Suck it up. I gather you're not too impressed with the folks in Washington who are handling this crisis. Ben Bernanke saved nothing! He shouldn't be allowed in Washington...The first thing I would tell Chinese officials is, how can you buy U.S. bonds as long as Larry Summers is there?
nassimtaleb  culture  finance  banking  collapse  blackswans  crisis  government  bailouts  debt  capitalism  economics 
september 2009 by robertogreco
Arianna Huffington: Barack Obama Must See Michael Moore's New Movie (and So Must You)!
"while...shooting climax of movie...mark[ing] Wall Street as crime scene, putting up yellow police tape around some of financial district's towers of power...unfurling tape in front of a "too big to fail" bank, he became aware of a group of NY's finest approaching...in this case he knew he was, however temporarily, defacing private property...shooting schedule didn't leave room for a detour to the local jail. So, as the lead officer came closer, Moore tried to deflect him, saying: "Just doing a little comedy here, officer. I'll be gone in a minute & will clean up before I go." The officer looked at him for a moment, then leaned in: "Take all the time you need." He nodded to the bank..."These guys wiped out a lot of our Police Pension Funds." The officer turned & slowly headed back to his squad car. Moore wanted to put the moment in his film, but realized it could cost the cop his job & decided to leave it out. "When they've lost the police," he told me, "you know they're in trouble."
michaelmoore  huffingtonpost  politics  economics  greed  wallstreet  capitalism  crisis  finance  film  police  us 
september 2009 by robertogreco
Eurozine - Debt: The first five thousand years - David Graeber
"Throughout its 5000 year history, debt has always involved institutions – whether Mesopotamian sacred kingship, Mosaic jubilees, Sharia or Canon Law – that place controls on debt's potentially catastrophic social consequences. It is only in the current era, writes anthropologist David Graeber, that we have begun to see the creation of the first effective planetary administrative system largely in order to protect the interests of creditors."
debt  economics  credit  history  society  culture  politics  creditcrunch  anarchy  money  finance  crisis  capitalism  via:javierarbona  middleages  ancienthistory 
september 2009 by robertogreco
California's golden dream has turned sour. Only a great reform can revive it | Timothy Garton Ash | Comment is free | The Guardian
"A group called California Forward proposes piecemeal repairs; another, though called Repair California, aims to build a whole new bike. In the next fortnight, Repair California is due to announce the proposed wording of two initiatives: one to change the state's constitution to allow the people to call a constitutional convention, the other to have the people actually call that convention. According to its own polling, 71% of Californians support the idea. Once the attorney general has formally agreed the wording, it will have until next April to get 1.6 million signatures – which it aims to do by Obama-style volunteer organising.
california  constitution  economics  crisis  politics  recession  government  via:javierarbona 
september 2009 by robertogreco
The California Experiment - The Atlantic (October 2009)
"Busted budgets, failing schools, overcrowded prisons, gridlocked government—California no longer beckons as America’s promised land. Except, that is, in one area: creating a new energy economy. But is its path one the rest of the nation can follow?"
california  energy  future  gamechanging  economics  crisis 
september 2009 by robertogreco
How Did Economists Get It So Wrong? - NYTimes.com
"the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth. Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets, this time gussied up with fancy equations. The renewed romance with the idealized market was, to be sure, partly a response to shifting political winds, partly a response to financial incentives. But while sabbaticals at the Hoover Institution and job opportunities on Wall Street are nothing to sneeze at, the central cause of the profession’s failure was the desire for an all-encompassing, intellectually elegant approach that also gave economists a chance to show off their mathematical prowess."
economics  history  policy  government  keynes  paulkrugman  macroeconomics  us  recession  money  finance  crisis 
september 2009 by robertogreco
How is America going to end? - By Josh Levin - Slate Magazine
Slate's "Choose Your Own Apocalypse" lets you map out the death of the United States. Interactive sorting: http://sdn.slate.com/features/endofamerica/default.htm Intro: http://www.slate.com/id/2223285/#sb2223286
politics  disaster  apocalypse  us  collapse  2009  crisis  trends  future  dystopia 
august 2009 by robertogreco
The Housing Bubble Blog » The Addiction To Fake Wealth
"when Reagan was running for president...average joe had [no] idea what was about to come...unleashing of monstrous culture of debt...for 25 years...next 25 years will...[not be] repeat of past 25...At no other time in our history could somebody achieve “prosperity” w/out education, hard work, creativity, honesty & integrity...look to days of my youth...70s...By today’s standards...we would [not] be...middle-class...not enough stuff...my experience...similar to vast majority of Americans at time...was sustainable...so different from...today...before massive swamps of credit allowed people to act like millionaires...everything [is] a status symbol...preceded instant gratification of Reagan years...easy debt made everything...attainable...spending next generation’s lifestyle to avoid last generation’s lifestyle...waste of resources...lifestyle I knew as kid will [not] be reserved for families w/ 7 kids...addiction to fake wealth will not be voluntarily kicked..."
crisis  economics  lifestyle  us  future  wealth  debt  cv  1970s  sustainability  simplicity  extravagance  ronaldreagan  trickledowneconomics  wherewewentwrong  endofanera  generations 
august 2009 by robertogreco
Memex 1.1 » Blog Archive » The dismal (and dangerous) science
"The truth of the matter is that large chunks of the analytical apparatus of modern economics has been shown to be a house of theoretical cards. But given the profession’s huge investment in said cardboard structures, it’s probably incapable of admitting its colossal mistake. Time for a Kuhnian revolution?"
via:preoccupations  economics  science  socialscience  crisis  2009  banking  finance 
august 2009 by robertogreco
Architecture - Parrish Museum - When Creativity Diminishes Along With Cash - NYTimes.com
"The new design, budgeted at less than a third of the original $80 million, will be a perfectly nice place to view art — or host a party. Its handsome profile — a long, narrow bar under a corrugated metal roof — has a serene, low-key quality that is a far cry from the ostentatious mansions that defined the Hamptons of the last decade. Yet the design is also a major step down in architectural ambition. And it suggests the possibility of a worrying new development in our time of financial insecurity. It is a creeping conservatism — and aversion to risk — that leaves little room for creative invention. ... It makes you wonder if the cultural consequences of the financial collapse will be as liberating as some have predicted. I’ll be as gleeful as anyone if the excesses and vulgarities of the past decade really do turn out to be over. But it will be a shame if the atmosphere of creative experimentation that coincided with them is over too."
nicolaiouroussoff  design  risk  creativity  architecture  collapse  finance  crisis  budget  money  fear  conservativism  risktaking 
august 2009 by robertogreco
The China Bubble's Coming -- But Not the One You Think | Foreign Policy
"All in all, this spells trouble -- a big, big Chinese bubble. Identifying such bubbles is a lot easier than timing their collapse. But as we've recently learned, you can defy the laws of financial gravity for only so long. Put simply, mean reversion is a bitch. And the longer excesses persist, the harder the financial gravity will bring China's economy back to Earth." [via: http://varnelis.net/microblog/reasons_to_be_wary]
china  economics  bubbles  finance  world  crisis  meltdown  recession 
august 2009 by robertogreco
Edge: Economics is not Natural Science: Douglas Rushkoff
"We must stop perpetuating the fiction that existence itself is dictated by the immutable laws of economics. These so-called laws are, in actuality, the economic mechanisms of 13th Century monarchs. Some of us analyzing digital culture and its impact on business must reveal economics as the artificial construction it really is. Although it may be subjected to the scientific method and mathematical scrutiny, it is not a natural science; it is game theory, with a set of underlying assumptions that have little to do with anything resembling genetics, neurology, evolution, or natural systems."
economics  douglasrushkoff  science  crowdsourcing  change  reform  markets  local  debt  gametheory  stevenjohnson  sustainability  human  physics  power  networks  history  edge  renaissance  middleages  medieval  systems  crisis  theory 
august 2009 by robertogreco
The Value Every Business Needs to Create Now - Umair Haque - HarvardBusiness.org [related video: http://vimeo.com/5733976]
"Profit through economic harm to others results in what I've termed 'thin value.' Thin value is an economic illusion: profit that is economically meaningless, because it leaves others worse off, or, at best, no one better off. When you have to spend an extra 30 seconds for no reason, mobile operators win - but you lose time, money, and productivity. Mobile networks' marginal profits are simply counterbalanced by your marginal losses. That marginal profit doesn't reflect, often, the creation of authentic, meaningful value. Thin value is what the zombieconomy creates."
via:migurski  umairhaque  economics  business  zombieconomy  capitalism  innovation  strategy  success  competition  ethics  creativity  creation  capital  value  valueadded  finance  banking  crisis  gamechanging 
august 2009 by robertogreco
FT.com / Comment / Opinion - Debt is capitalism’s dirty little secret
"Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as a multiple of the economy, than at the start of the Great Depression.
society  economics  money  neoliberalism  meltdown  bubble  crisis  recession  capitalism  wealth  disparity  debt 
july 2009 by robertogreco
California v Texas: America's future | The Economist
"The truth is that both states could learn from each other. Texas still lacks California’s great universities and lags in terms of culture. California could adopt not just Texas’s leaner state, but also its more bipartisan approach to politics and its more welcoming attitude towards Mexico. There is no perfect model of government: it is America’s genius to have 50 public-policy laboratories competing to find out what works best—just as it is the relentless competition of clever new firms from Portland to Pittsburgh that will pull the country out of its current gloom. But, to give Texas some credit and serve as a warning to Mr Schwarzenegger’s heir, at this moment America’s two most futuristic states look a lot more like equals than ever before."
via:cityofsound  california  texas  government  policy  budget  politics  energy  mexico  innovation  economics  recession  2009  culture  us  arnoldschwarzenegger  crisis 
july 2009 by robertogreco
California's budget crisis: Meltdown on the ocean | The Economist
"The pain thus seems likely to flow to the bottom of the social hierarchy. But all Californians will notice. Their parks may close, their neighbourhoods may become less safe. “The Californian Dream is at least temporarily suspended,” says Mr DeVol."
california  crisis  budget  economics  education  socialprograms  havesandhavenots 
july 2009 by robertogreco
The Generation M Manifesto - Umair Haque - HarvardBusiness.org - ""Dear Old People Who Run the World, My generation would like to break up with you."
"Everyday, I see a widening gap in how you & we understand the world & what we want from it. I think we have irreconcilable differences...We want small, responsive, micro-scale commerce...authentic, deep democracy — everywhere...We want to slow down — so we can become better...You wanted to biggie size life...We want to humanize life...We want a society built on authentic community...We want to be great at doing stuff that matters. You sacrificed the meaningful for the material: you sold out the very things that made us great for trivial gewgaws, trinkets, and gadgets. We're not for sale: we're learning to once again do what is meaningful...Here's what it looks like to me: every generation has a challenge...ours: to foot the bill for yesterday's profligacy & to create...an authentically, sustainably shared prosperity...Generation M is more about what you do & who you are than when you were born. So the question is this: do you still belong to the 20th century - or the 21st?"
generationm  genm  umairhaque  sustainability  democracy  change  progress  society  culture  future  politics  economics  business  manifesto  entrepreneurship  socialentrepreneurship  small  slow  youth  trends  generations  community  communities  tcsnmy  crisis  scale  size  consumerism  materialism  disparity  transparency  alternative  gdp  gamechanging 
july 2009 by robertogreco
How the Tech Boom Terminated California's Economy | Fast Company
"the Internet actually did what it was supposed to by decentralizing our ability to create and exchange value.
douglasrushkoff  technology  internet  web  dis-intermediation  decentralization  economics  banking  crisis  collapse  california  siliconvalley  dotcomboom  housingbubble 
july 2009 by robertogreco
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