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robertogreco + finance   345

A conversation between Rob Walker and co-founder of Area/Code, Kevin Slavin : Observatory: Design Observer
"I know some of the people involved in Museum of the Phantom City, and they’re good people. But, in order to see the things that they want to point out, I have to go that place — well, okay. But then, once I’m there, the best way to display that information is the juxtaposition of it in front of what I’ve just traveled there to see? I don’t think so. Bottom line, maybe, is that visualizing the invisible is difficult, and might not be best expressed through the metaphor of the camera."

"What's important to me about the kinds of things we were doing with Area/Code — and all the designers around us — is that we were building systems in the middle of the data, some systems that gave us a way to read, and reasons to read it. The stories we were telling with locative games were fiction, but as always, good fiction describes the real world rather precisely."
trading  algoruthmictrading  gps  geocaching  design  urban  softwareforcities  software  algorithms  cities  finance  paolaantonelli  reality  phantomcity  augmentedreality  storytelling  fiction  photography  area/code  robwalker  2011  kevinslavin  from delicious
12 days ago by robertogreco
Fables of Wealth - NYTimes.com
"ethics in capitalism is purely optional, purely extrinsic. To expect morality in the market is to commit a category error. Capitalist values are antithetical to Christian ones… Capitalist values are also antithetical to democratic ones…

…neither entrepreneurs nor the rich have a monopoly on brains, sweat or risk. There are scientists — and artists and scholars — who are just as smart as any entrepreneur, only they are interested in different rewards.

…“Poor Americans are urged to hate themselves,” Kurt Vonnegut wrote in “Slaughterhouse-Five.” And so, “they mock themselves and glorify their betters.” Our most destructive lie, he added, “is that it is very easy for any American to make money.” The lie goes on. The poor are lazy, stupid and evil. The rich are brilliant, courageous and good. They shower their beneficence upon the rest of us."
politics  classwarfare  poverty  lies  incompatibility  democracy  kurtvonnegut  finance  wallstreet  1%  policy  government  jobcreation  wealth  psychopathy  morality  ethics  motivation  science  art  corporations  corporatism  corporateculture  businessschool  business  entrepreneurship  christianity  capitalism  2012  williamderesiewicz  from delicious
12 days ago by robertogreco
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
Fear of a Slacker Revolution | Possible Futures
"When the right attacks OWS as a bunch of countercultural slackers and as the vanguard of class warfare, they very presciently apprehend the significance of a moment in which the capitalist work ethic and the artificially perpetuated scarcity it’s predicated on are being roundly rejected. One in which the utopian demand for cultural freedom joins the labor movement’s push for a more robust share of the spoils of capitalism. One in which old lefties singing Woody Guthrie tunes join rappers decrying “the man” and burly union dudes standing up to profitable corporations demanding concessions from their workers join hippie drum-circle groovers insisting that “the beginning is near.” The history of the movement is being written before our eyes. So far, there is one thing that many among the Occupiers and their opponents seem to agree on—all signs point to Occupy unfolding as a continuation of the unfinished project of the slacker revolution of the 1960s."
ows  occupywallstreet  2011  labor  utopianthinking  revolution  deschooling  capitalism  leisurearts  culturalfreedom  freedom  history  class  classwarfare  inequality  disparity  incomegap  wealthdistribution  us  society  protest  unions  slackers  banking  finance  repression  greatrecession  1960s  activism  afl-cio  from delicious
december 2011 by robertogreco
xkcd: Money
money  xkcd  economics  visualization  economy  finance  infographics  inequality  wealth  wealthdistribution  us  world  2011  data  statistics  comparison  toshare  classideas  class  from delicious
november 2011 by robertogreco
How a Financial Pro Lost His House - NYTimes.com
"Still, the questions linger. As I ponder all this — and I think about it a lot — it occurs to me that we are a nation of risk-takers. Some of us were overoptimistic; some were ignorant; some were deluded; some were greedy; some just had bad timing. We erred to different degrees. Our experiences varied; each story is different. Now you know mine."

[Wow. "A nation of risk-takers"? Not by my definition. This was just gambling and rampant consumerism.

This is the tale of a "financial pro", yet there are still many arguing to end Social Security and put everyone in charge of their own retirements. Plus, who in their right mind is going to buy this guy's book? Or hire him to help them manage their finances?]
finance  money  housingbubble  2011  carlrichards  greatrecession  gambling  from delicious
november 2011 by robertogreco
DEAR AMERICA: It's Time To Say A Big 'Thank You' To Amazon
"Amazon is investing (and hiring) while many other American corporations are milking incumbent businesses, under-investing in research and development, and hoarding cash. To the chagrin of some traders, Amazon is distinctly NOT "maximizing near-term profits" — it is sacrificing near-term profits. It is making less money now in the hopes of making more money and creating more value later. And it is ignoring the howls and screams of short-term traders who couldn't care less about Amazon's long-term prognosis, add nothing to the economy, and just want to make money now.

If more American companies started to do what Amazon does — ignore short-term pressures, sacrifice near-term profits, and invest for the long-term — the American economy would start to heal itself quickly."

[via: http://ayjay.tumblr.com/post/12030550839/amazon-is-investing-and-hiring-while-many-other ]
amazon  shortterm  longterm  investment  2011  self-interest  capitalism  business  economics  wallstreet  occupywallstreet  ows  greed  finance  self-interestproperlyunderstood  from delicious
october 2011 by robertogreco
Think Occupy Wall St. is a phase? You don't get it - CNN.com
"The members of Occupy Wall Street may be as unwieldy, paradoxical, and inconsistent as those of us living in the real world. But that is precisely why their new approach to protest is more applicable, sustainable and actionable than what passes for politics today. They are suggesting that the fiscal operating system on which we are attempting to run our economy is no longer appropriate to the task. They mean to show that there is an inappropriate and correctable disconnect between the abundance America produces and the scarcity its markets manufacture.

And in the process, they are pointing the way toward something entirely different than the zero-sum game of artificial scarcity favoring top-down investors and media makers alike."
douglasrushkoff  ows  occupywallstreet  activism  politics  protest  financialcrisis  2011  finance  policy  hierarchy  corporatism  labor  disparity  inequality  barackobama  corruption  media  from delicious
october 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
Hello Etsy Berlin - Douglas Rushkoff on Etsy - Livestream
"Everybody thinks that because they can blog, they should blog."

"Why do I want to scale? The only reason to scale is to get out of the business I'm in."

"What would you rather do? Would you rather do something or would you rather manage people who are doing that thing?"

"perverse corporate capitalism of the 1990's, the Jack Welch, General Electric, Harvard Business School model, which is get out of any productive industry and become more and more like a bank"

"What Jack Welch realized is that Marx was right…whoever is creating the actual value through their labor is the slave"

"what you want to do is get as far away from those guys as possible and get as close to the bank funding that activity as possible."
douglasrushkoff  economics  p2p  work  labor  2011  etsy  currency  slavery  jobs  corporatism  history  banking  finance  digital  exchange  internet  peertopeer  capitalism  karlmarx  meansofexchange  hierarchy  localcurrency  biases  doing  making  facebook  social  advertising  jackwelch  ge  generalelectric  sharing  scale  scaling  growth  business  entrepreneurship  self-employment  creativity  management  middlemanagement  middlemen  addedvalue  localcurrencies  from delicious
september 2011 by robertogreco
potlatch: riots and credit crunches: when economic objects attack
"What to do? The Actor Network Theorist might smirk and say that we should be putting the HDTVs and trainers in jail, rather than the poor human actors who sought to liberate them. Maybe the mortgage-backed CDOs should themselves be appearing before Congress, explaining what they were up to in the years leading up to 2007. The bankers were merely their servants. Or else we need to rediscover the virtues of a boring, inanimate economy, as the basis for an animated social and cultural world, as Marx intuited. The tedium of the old socialist block - laughable cars, unchanging fashions, steady incomes, pitiful growth - was always at the heart of its apparent legitimacy crisis. But it strikes me that it's precisely this tedium that we now need more of, to escape the tyranny of financial and consumer objects."
anthropology  sociology  markets  marxism  neoliberalism  riots  2011  actornetworktheory  karlmarx  socialism  finance  london  uk  society  capitalism  materialsm  consumerism  consumption  values  objects  possessions  economics  restraint  boringness  ownership  credit  debt  potlatch  from delicious
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
How to Fix Our Math Education - NYTimes.com
"Imagine replacing the sequence of algebra, geometry and calculus with a sequence of finance, data and basic engineering. In the finance course, students would learn the exponential function, use formulas in spreadsheets and study the budgets of people, companies and governments. In the data course, students would gather their own data sets and learn how, in fields as diverse as sports and medicine, larger samples give better estimates of averages. In the basic engineering course, students would learn the workings of engines, sound waves, TV signals and computers. Science and math were originally discovered together, and they are best learned together now."
education  math  mathematics  curriculum  solgarfunkel  davidmumford  2011  learning  problemsolving  realworldproblems  statistics  finance  science  engineering  from delicious
august 2011 by robertogreco
Bought some US stocks
"What I am saying is that I believe in me, and I believe in you and I believe in elbow grease, objectivity and history. Did you see the recession coming? Did it announce itself and tell you the date it would arrive? No, it did not. Nor will recovery. So quit whining. Pessimism is for losers."<br />
<br />
[Don't really agree with much other than this line.]<br />
<br />
[via: http://daringfireball.net/linked/2011/08/07/delaney via http://www.danielmarkham.com/posts/bought-some-us-stocks ]
pessimism  optimism  belief  objectivity  history  ingenuity  workethic  hardwork  recession  finance  money  jobs  2011  from delicious
august 2011 by robertogreco
These riots reflect a society run on greed and looting | Seumas Milne | Comment is free | The Guardian
"David Cameron has to maintain that the unrest has no cause except criminality – or he and his friends might be held responsible"; "While bankers have publicly looted the country's wealth & got away with it, it's not hard to see why those who are locked out of the gravy train might think they were entitled to help themselves to a mobile phone. Some of the rioters make the connection explicitly…Most have no stake in a society which has shut them out or an economic model which has now run into the sand. It's already become clear that divided Britain is in no state to absorb the austerity now being administered because three decades of neoliberal capitalism have already shattered so many social bonds of work and community. What we're now seeing across the cities of England is the reflection of a society run on greed – and a poisonous failure of politics and social solidarity. … We're starting to see the devastating costs of refusing to change course."
politics  uk  poverty  crime  inequality  2011  london  riots  wealth  greed  davidcameron  economics  neoliberalism  society  banking  finance  wealthdistribution  wealthdistrubution 
august 2011 by robertogreco
Nothing 'mindless' about rioters - Opinion - Al Jazeera English
"The global economic crisis is at least as political as the riots we've seen in the last few days. It has lasted far longer and done far more damage. We need not draw a straight line from the decision to bail out the banks to what's going on now in London. But we must not lose sight of what both events tell us about our current condition. Those who want to see law and order restored must turn their attention to a menace that no amount of riot police will disperse; a social and political order that rewards vandalism and the looting of public property, so long as the perpetrators are sufficiently rich and powerful."
2011  capitalism  uk  class  london  riots  society  crime  punishment  inequality  finance  wallstreet  banking  law  order  danielhind  classwarfare  economics  from delicious
august 2011 by robertogreco
Iceland's On-Going Revolution | Mostly Water
"…refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum…

…93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated…launched civil and penal investigations into those responsible for the financial crisis…

Icelanders didn't stop there: they decided to draft a new constitution that would free the country from the exaggerated power of international finance and virtual money…

To write the new constitution, the people of Iceland elected twenty-five citizens from among 522 adults not belonging to any political party but recommended by at least thirty citizens. This document was not the work of a handful of politicians, but was written on the internet."
iceland  collapse  debt  finance  2008  2010  2011  constitution  citizenry  power  capitalism  corporatism  politics  policy  history  sovereignty  collaboration  banking  justice  via:bettyannsloan  from delicious
august 2011 by robertogreco
JOURNAL: Central Planning and The Fall of the US Empire - Global Guerrillas
"…extreme concentration of wealth at the center of our market economy has led to a form of central planning. The concentration of wealth is now in so few hands and is so extreme in degree, that the combined liquid financial power of all of those not in this small group is inconsequential to determining the direction of the economy. As a result, we now have the equivalent of centralized planning in global marketplaces. A few thousand extremely wealthy people making decisions on the allocation of our collective wealth…

The result of central planning in the US has finally hit the wall. The list of problems is endless…misallocations range from the dangerous $600 trillion derivatives market to the destruction of US middle class (by exporting jobs & substitution of income with debt).

The end result is that our economic & political system has become very fragile. All it will take is is one extremely bad decision and the cascade of failure that follows will catch everyone off guard."

[UPDATE: Conversation here too: https://plus.google.com/107033731246200681024/posts/D6SwChze4Vd ]
johnrobb  us  collapse  incomegap  disparity  wealth  2011  centralplanning  government  corruption  decisionmaking  policy  politics  economics  class  markets  fragility  finance  globalization  from delicious
august 2011 by robertogreco
Chile Behind Uruguay Converge on Brazil for World-Best Expanding Retailers - Bloomberg
"With a population of almost 16.9 million, Chile has become one of the region’s promising retail markets, driven by government incentives to stimulate consumption, increased middle-class disposable income and an urban population, according to the A.T. Kearney report. Retailing in Chile, which places consistently among the index’s Top 10, is projected to grow 10 percent in 2011, the authors said…

At the same time, Chilean retail sales have slowed. After averaging 16.4 percent annual growth in the first quarter, they fell to an average 8.6 percent in April and May and sales are projected to rise to 10 percent in June, according to the median forecast of nine economists surveyed by Bloomberg."
chile  uruguay  markets  retail  2011  brasil  business  finance  consumerism  consumption  from delicious
august 2011 by robertogreco
BBC News - Could Iceland be a model for debt-ridden Europe?
"Nearly three years after the Icelandic economy imploded, the country appears to be recovering, and some believe its approach may offer a possible solution to Europe's debt problems."

""In Europe there is a conflict between the democratic will of the people and the interests of the financial markets," he tells me earnestly, leaning forward over his antique desk.

He believes if Europe is not about democracy then the European project means nothing.

Iceland ignored the dire warnings of disaster from the ratings agencies and other institutions, says the Icelandic president, and the country is doing OK.

The implication is clear - other countries should follow the Icelandic example.

But Iceland had a key weapon in its armoury that is not open to the indebted eurozone nations - Iceland had its own currency, the krona. And, when the banks collapsed, the krona did too."
economics  2011  iceland  2008  policy  money  finance  bankruptcy  banking  banks  from delicious
july 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
U.S., Europe and China: An economic crash in the making - Los Angeles Times
"The economies of the U.S., Europe and China are on the edge of disaster."
mikedavis  2011  us  europe  china  economics  crash  collapsanomics  collapse  finance  realestate  from delicious
july 2011 by robertogreco
Dodd-Frank Update - The Daily Show with Jon Stewart - 07/28/11 - Video Clip | Comedy Central
"The Dodd-Frank Wall Street Reform & Consumer Protection Act sings about having its ass f**ked raw for a year."
dodd-frank  fraud  finance  financereform  elizabethwarren  wallstreet  corruption  congress  lobbying  government  us  2011  via:cburell  from delicious
july 2011 by robertogreco
oftwominds: Complexity and Collapse
"The most obvious features of recent political and financial "solutions" are their staggering complexity and their failure to fix what's broken. The first leads to the second…<br />
<br />
The healthcare reform fixes nothing, while further burdening the nation with useless complexity and cost…<br />
<br />
Here is the "problem" which complexity "solves": it protects Savior State fiefdoms and private-sector cartels from losses.  State fiefdoms and cartels have one goal: self-preservation…<br />
<br />
Complexity works beautifully as self-preservation, because it actually expands the bureaucratic power of fiefdoms and widens the moat protecting cartels…<br />
<br />
Put another way: in the competition with the private sector for scarce capital, the State and corruption always win…<br />
<br />
Real solutions require radically simplifying ossified, top-heavy, costly systems…<br />
<br />
The single goal is preserving the revenue and reach of concentrated power centers…<br />
<br />
But complexity does have an eventual cost: collapse."
complexity  policy  statusquo  via:kazys  politics  corruption  collapse  power  wealth  cartels  bureaucracy  specialinterests  fiefdoms  systems  restart  selfpreservation  inefficiency  health  healthcare  finance  self-reliance  dependence  privatesector  corporatewelfare  2011  charleshughsmith  from delicious
july 2011 by robertogreco
Google+: Robin Sloan thread on the Borders bankruptcy
[See also: http://www.slate.com/id/2299642/pagenum/all/ ]

"Public service announcement: I think the Borders bankruptcy isn't essentially about the book business. In fact it's much more closely tied to the real estate business. Borders had a ridiculously expensive portfolio of stores: huge spaces on glitzy corners with long-term leases (and an average of ~8 years still left on the lease, per store) that they couldn't walk away from, even as the fundamentals of their business changed beneath them.

But!—that's not like The Inevitable Fate of Bookstores Everywhere. By all accounts, Borders was just really poorly managed. The company could have struck smarter deals for those spaces, or approached its lease portfolio more cautiously, etc., etc., but didn't. It was reckless and profligate.

This bums me out, b/c I feel like Borders' bankruptcy is now part of that Death of Bookstores narrative—when in fact it's much less exciting than that. It's just the story of a company run badly."

[Read the thread too.]
thisandthat  borders  business  bankruptcy  mismanagement  realestate  money  finance  internet  web  booksellers  books  retail  2011  from delicious
july 2011 by robertogreco
Kevin Slavin: How algorithms shape our world | Video on TED.com
"Kevin Slavin argues that we're living in a world designed for -- and increasingly controlled by -- algorithms. In this riveting talk from TEDGlobal, he shows how these complex computer programs determine: espionage tactics, stock prices, movie scripts, and architecture. And he warns that we are writing code we can't understand, with implications we can't control."
kevinslavin  algorithms  complexity  coding  ted  data  finance  art  architecture  math  mathematics  control  2011  netflix  markets  bots  from delicious
july 2011 by robertogreco
The American suburbs are a giant Ponzi scheme | Grist
"Since the end of WWII, our cities & towns have experienced growth using three primary mechanisms:

1. Transfer payments between governments: where the federal or state government makes a direct investment in growth at the local level, such as funding a water or sewer system expansion.

2. Transportation spending: where transportation infrastructure is used to improve access to a site that can then be developed.

3. Public and private-sector debt: where cities, developers, companies, & individuals take on debt as part of the development process, whether during construction or through the assumption of a mortgage.

In each of these mechanisms, the local unit of government benefits from the enhanced revenues associated with new growth. But it also typically assumes the long-term liability for maintaining the new infrastructure. This exchange -- a near-term cash advantage for a long-term financial obligation -- is one element of a Ponzi scheme…"
politics  economics  cities  urban  business  suburbs  suburbia  ponzischemes  government  strongtowns  sustainability  finance  infrastructure  2011  charlesmarohn  future  development  transportation  liabilities  maintenance  urbanism  policy  longterm  from delicious
july 2011 by robertogreco
Think Tank: The 'Veritas' About Harvard - Commentary - The Chronicle of Higher Education
"Harvard spent the money [dramatically increased endowment] on many things. But not a dollar went to increasing the number of undergraduates it chose to bless with a Harvard education…<br />
<br />
…the true currency of elite higher education is admissions, not financial aid…<br />
<br />
That's because the real priority of elite higher education, as the receding tide of money has exposed, is the greater glory of elite higher education and the administrators and faculty members who work there. That's where all the money went, and that's where, now that some of the money turns out to have never existed in the first place, it needs to come from…<br />
<br />
An institution truly dedicated to teaching students has natural limits on how much money it needs. At some point, the land and space and professors suffice.<br />
<br />
An institution dedicated to accumulating more money and prestige? There are no limits to those needs. They can never be satisfied."
education  teaching  economics  academia  harvard  ivyleague  management  endowment  2011  highereducation  highered  elitism  class  society  havesandhavenots  money  finance  greed  wealth  access  from delicious
june 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
Tim DeChristopher: This Hero Didn’t Stand a Chance | Common Dreams ["We are definitely going to be navigating the most intense period of change humanity has ever seen."]
"His prosecution is evidence that our moral order has been turned upside down. The bankers & swindlers who trashed the global economy & wiped out some $40 trillion in wealth amass obscene amounts of money, much of it provided by taxpayers. They do not go to jail. Regulatory agencies, compliant to the demands of corporations, refuse to impede the destruction unleashed by the coal, oil & natural gas companies as they turn the planet into a hothouse of pollutants, poisoned water, fouled air and contaminated soil in the frenzied quest for greater and greater profits. Those who manage and make fortunes from pre-emptive wars, embrace torture, carry out extrajudicial assassinations, deny habeas corpus and run up the largest deficits in human history are feted as patriots. But when a courageous citizen such as DeChristopher peacefully derails the corporate and governmental destruction of the ecosystem, he is sent to jail."

[via: http://twitter.com/joguldi/status/83042584490029056 ]
capitalism  ecology  environment  law  legal  politics  policy  us  banking  finance  timdechristopher  convictions  2011  anarchism  nonviolence  protest  activism  injustice  change  classideas 
june 2011 by robertogreco
Germany holds onto high-wage manufacturing
"This growing appreciation of the German model is a welcome change from the laissez-faire approach to globalization that has dominated US policy & discourse for decades, dooming many Rust Belt denizens to lives of crystal meth & quiet desperation. But some of these analyses still understate the crucial distinctions btwn Germany's stakeholder capitalism, which benefits the many, & our shareholder capitalism, which increasingly benefits only the few.<br />
<br />
First, German manufacturers, particularly midsize & small-scale ones that often dominate global markets in specialized products, don't seek funding from capital markets (there's a local banking sector that handles their needs) & don't answer to shareholders. They make things, while we make deals, or trades, or swaps.<br />
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Second, the key to both retention & continual upscaling of manufacturing in Germany is the composition of corporate boards, which are required by law to have an equal number of management and employee representatives."
us  germany  business  policy  making  manufacturing  capitalism  shareholders  finance  unions  labor  wages  profits  2011  from delicious
june 2011 by robertogreco
Twitter / @Boris Anthony: …future unevenly distributed, financial returns based on maintaining past...
"future unevenly distributed, financial returns based on maintaining past. Rock stars = conservatives (preservatives?)"
borisanthony  conservatism  conservatives  finance  money  economics  progressive  future  disparity  inequality  hierarchy  power  wealth  from delicious
may 2011 by robertogreco
Recession or no recession, many NFL, NBA and Major League - 03.23.09 - SI Vault
"Recession or no recession, many NFL, NBA and Major League Baseball players have a penchant for losing most or all of their money. It doesn't matter how much they make. And the ways they blow it are strikingly similar"
via:tcarmody  athletes  money  economics  lottery  finance  2009  sports  celebrities  income  from delicious
may 2011 by robertogreco
Corporate political transparency ratings - Spreadsheets - Los Angeles Times
"Many of America’s most powerful companies do not report how much they spend to influence elections and legislation. These companies contribute millions of dollars to powerful trade associations and to other politically active groups that are not required to report the sources of their funding.<br />
<br />
Those groups, in turn, spend the money on lobbying and other political activity. The Los Angeles Times reviewed how the 75 largest publicly traded companies in the energy, healthcare and financial services sectors disclose their political giving on their corporate websites."<br />
<br />
[Related article: http://www.latimes.com/news/nationworld/nation/la-na-money-politics-survey-20110424,0,1545345,full.story ]
latimes  politics  corporations  corporatism  disclosure  policy  2011  ratings  energy  healthcare  finance  elections  corruption  transparency  government  from delicious
april 2011 by robertogreco
Throw Out the Money Changers | Truthout
"Cor­pora­tions let 50,000 peo­ple die last year be­cause they could not pay them for pro­p­er med­ical care. They have kil­led hundreds of thousands of Ir­aqis, Afghanis, Pales­tinians, Pakis­tanis, & gleeful­ly watched as stock price of weapons contra­ctors quad­rupled. They have tur­ned canc­er into an epi­demic in the coal fields of West Vir­ginia where famil­ies breat­he pol­luted air, drink poisoned water & watch the Ap­palac­hian Moun­tains blas­ted into a de­solate was­teland while coal com­pan­ies can make bi­ll­ions. & after loot­ing the US Treasu­ry these cor­pora­tions de­mand, in name of auster­ity, that we ab­olish food pro­grams for childr­en, heat­ing as­sis­tance & med­ical care for our el­der­ly, & good pub­lic educa­tion. They de­mand that we tolerate a per­manent underclass that will leave 1 in 6 work­ers w/out jobs, condemns 10s of mill­ions of Americans to pover­ty & tos­ses our men­tal­ly ill onto heat­ing grates…"
chrishedges  2011  corporations  corporatism  money  politics  policy  greed  wokers  labor  poverty  inequality  disparity  us  austerity  banking  finance  environment  markets  marketfundamentalism  civildisobedience  from delicious
april 2011 by robertogreco
How a big US bank [Wachovia, now part of the giant Wells Fargo] laundered billions from Mexico's murderous drug gangs | World news | The Observer
"As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the Observer reveals how the increasingly frantic warnings of one London whistleblower were ignored"
mexico  finance  banking  wellsfargo  wachovia  corruption  drugs  crime  2011  us  from delicious
april 2011 by robertogreco
The Great American Bubble Machine | Rolling Stone Politics
"From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression -- and they're about to do it again"<br />
<br />
"The new carbon credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance."
carboncredits  carbon  carbonoffsets  goldmansachs  matttaibbi  2011  bubbles  finance  tarp  bailout  markets  manipulation  greatdepression  dotcomboom  technology  housingbubble  housing  energy  oil  gasoline  from delicious
march 2011 by robertogreco
Jonah Lehrer: A Herd Makes Money on Wall Street | Head Case - WSJ.com
"For too long, we've subscribed to an overly individualistic model of success. If a trader is particularly effective, we tend to assume that he or she must have some special talent, some uncanny ability to decipher the market. But that's probably not the case. This research reminds us that the best traders can only be understood as part of a network. Fish make sense of the world by coming together. So do we."
networks  investing  technology  psychology  jonahlehrer  finance  markets  individualism  interdependence  collaboration  information  sensemaking  patternrecognition  2011  via:robinsloan  from delicious
march 2011 by robertogreco
Chilean Economist Manfred Max-Neef: US Is Becoming an "Underdeveloping Nation"
"principles of an economics which should be are based in 5 postulates & 1 fundamental value principle…economy is to serve the people & not the people to serve the economy…development is about people & not objects…growth is not the same as development, & development does not necessarily require growth…no economy is possible in the absence of ecosystem services.…the economy is a subsystem of a larger finite system, the biosphere, hence permanent growth is impossible. & the fundamental value to sustain a new economy should be that no economic interest, under no circumstance, can be above the reverence of life.<br />
<br />
…If you go through that list, one after the other, what we have today is exactly the opposite.<br />
<br />
Growth is a quantitative accumulation. Development is the liberation of creative possibilities. Every living system in nature grows up to a certain point & stops growing. You are not growing anymore, nor he nor me. But we continue developing ourselves."
economics  environment  democracy  activism  development  growth  2011  manfredmax-neef  chile  us  underdeveloping  greed  finance  ecosystems  systemsthinking  disparity  poverty  politics  policy  life  from delicious
march 2011 by robertogreco
VIDEO: America Is NOT Broke | MichaelMoore.com
"400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.…<br />
<br />
America ain't broke! The only thing that's broke is the moral compass of the rulers. And we aim to fix that compass and steer the ship ourselves from now on. Never forget, as long as that Constitution of ours still stands, it's one person, one vote, and it's the thing the rich hate most about America -- because even though they seem to hold all the money and all the cards, they begrudgingly know this one unshakeable basic fact: There are more of us than there are of them!<br />
<br />
Madison, do not retreat.  We are with you. We will win together."
economy  wealth  income  michaelmoore  inequality  incomegap  economics  classwarfare  us  wisconsin  2011  budget  budgetcuts  finance  society  unions  collectivebargaining  from delicious
march 2011 by robertogreco
Ivory Towers of Debt | varnelis.net
"It's a giant ponzi scheme with little of value for students and, as Harper's described in a notorious graphic about the consequeneces of overbuilding in Brandeis (Brandeis has threatened a lawsuit and has accused Harper's of slander and libel over this piece), can collapse precipitously during times of economic crisis. But while bonds were hot, Wall Street couldn't have enough of them, so universities eagerly complied."
tcsnmy  fundraising  bonds  endowment  universities  highered  money  economics  recession  priorities  shortterm  longterm  kazysvarnelis  javierarbona  cities  architecture  buildings  finance  leadership  administration  from delicious
march 2011 by robertogreco
Jon Stewart on the cushy lives of teachers - Boing Boing
"As always, Mr Stewart puts it into perspective -- the same people who object to limiting the tax-funded bonuses of bailed out bankers because it would violate their contracts say that teachers' contracts should be torn up and their benefits slashed."
teaching  jonstewart  dailyshow  wisonsin  banking  finance  us  2011  policy  money  income  salaries  benefits  foxnews  contracts  from delicious
march 2011 by robertogreco
Bezoar: The sorrows of finance capital
""It's an outrage that the priority of this university is not in favor with the students," said Jessie Fernandez, an SFSU senior who attended the meeting. His major, **urban studies and planning**, is currently threatened by the plan." (emphasis mine)<br />
<br />
Urban Studies, of all things! So, Michael Maltzan, that's the crux of the neoliberal frenzy here in California. Where does architecture step in? Do we proceed with bloated buildings as the idea of what an open, accessible city is, or do we defend the spaces of our own discipline?"
javierarbona  sdsu  universities  finance  capital  architecture  michaelmaltzan  priorities  2011  education  highereducation  highered  open  accessibility  cities  california  budgetcuts  from delicious
march 2011 by robertogreco
How to Build a Progressive Tea Party | The Nation
"American citizens should ask themselves: I work hard and pay my taxes, so why don’t the richest people and the corporations? Why should I pick up the entire tab for keeping the nation running? Why should the people who can afford the most pay the least? If you’re happy with that situation, you can stay at home and leave the protesting to the Tea Party. For the rest, there’s an alternative. For too long, progressive Americans have been lulled into inactivity by Obama’s soaring promises, which come to little. As writer Rebecca Solnit says, “Hope is not a lottery ticket you can sit on the sofa and clutch, feeling lucky…. Hope is an ax you break down doors with in an emergency.” UK Uncut has just shown Americans how to express real hope—and build a left-wing Tea Party."<br />
<br />
[Related: http://www.thenation.com/article/158280/ten-step-guide-launching-us-uncut ]
politics  policy  us  uk  teaparty  ukuncut  usuncut  uncut  taxes  activism  progressive  government  tarp  bailout  deficit  2011  johannhari  grassroots  protest  finance  wealth  incomegap  disparity  inequality  corporations  corporatism  from delicious
february 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
SPENT
games  gaming  seriousgames  spent  money  finance  budgeting  poverty  classideas  tcsnmy  education  videogames  simulations  unemployment  2011  work  from delicious
february 2011 by robertogreco
8 Alternatives to College Altucher Confidential
"So I figure I will help people out by coming up with a list and try to handle the critcisms that will certainly arise even before they arise. I can do this because I have a college degree. So I’ve learned how to think and engage in repartee with other intelligent people."<br />
<br />
[via: http://finance.yahoo.com/tech-ticker/james-altucher%E2%80%98s-8-alternatives-to-college-535903.html ]
lifehacks  education  learning  dropouts  colleges  college  finance  jamesaltucher  unschooling  deschooling  entrepreneurship  autodidacts  from delicious
february 2011 by robertogreco
Plutocracy Now: What Wisconsin Is Really About
"It's not clear how this will get turned around. Unions, for better or worse, are history…<br />
<br />
And yet: The heart & soul of liberalism is economic egalitarianism. Without it, Wall Street will continue to extract ever vaster sums from the American economy, the middle class will continue to stagnate, & the left will continue to lack the powerful political & cultural energy necessary for a sustained period of liberal reform.…<br />
<br />
Over the past 40 years, the American left has built an enormous institutional infrastructure dedicated to mobilizing money, votes, & public opinion on social issues, & this has paid off with huge strides in civil rights, feminism, gay rights, environmental policy, and more. But the past two years have demonstrated that that isn't enough. If the left ever wants to regain the vigor that powered earlier eras of liberal reform, it needs to rebuild the infrastructure of economic populism that we've ignored for too long."
politics  left  us  policy  plutocracy  wealth  power  income  finance  wallstreet  unions  future  egalitarianism  history  reform  change  wisonsin  2011  disparity  stagnation  society  taxes  incomegap  labor  middleclass  wealthdistribution  from delicious
february 2011 by robertogreco
Nigel Marsh: How to make work-life balance work | Video on TED.com
"Certain job and career choices are fundamentally  incompatible with being meaningfully engaged on a day to day basis with a young family…<br />
<br />
The first step in solving any problem is acknowledging the reality of the situation you are in.<br />
And the reality that we are in is that there are thousands and thousands of people out there living lives of quiet screaming desperation where they work long hard hours at jobs they hate to enable them to buy things they don’t need to impress people they don’t like.<br />
It is my contention that going to work on Friday in jeans and a t-shirt isn’t really getting to the nub of the issue."<br />
<br />
[via: http://onthespiral.com/liberate-rat-race-dont-get-educated ]
ted  work  life  balance  yearoff  play  nigelmarsh  careers  ratrace  families  society  worklifebalance  livetowork  unschooling  deschooling  schools  schooling  well-being  racetonowhere  education  debt  finance  neweconomy  economics  schooliness  glvo  wageslavery  meaning  passion  postmaterialism  relationships  postconsumerism  money  from delicious
february 2011 by robertogreco
Liberate From The Rat Race – Don’t Get Educated | OnTheSpiral
"one of the biggest obstacles to realizing the promise of the new economy is this notion that traditional education is a sure thing. In a rapidly changing world this couldn’t be further from the truth. Education provides the illusion of heading in a stable direction until that direction becomes a dead end when the market shifts. The recent financial crisis dramatically exemplified this danger.<br />
<br />
The reality is that you have no direction. In a philosophical sense this was always true. As the pace of change accelerates it becomes increasingly true in a practical sense as well. The average worker’s ability to plan (with reasonable foresight) a predictable career path is negligable.<br />
<br />
If we accept this reality, then what we lose in stability we gain in opportunity. By proactively breaking the cycle we can step off the treadmill and embrace the freedom to explore our curiosity without financial burdens…"
ratrace  racetonowhere  education  debt  finance  entrepreneurship  neweconomy  economics  autodidacts  curiosity  yearoff  learning  schooling  schooliness  unschooling  deschooling  glvo  nigelmarsh  wageslavery  meaning  passion  postmaterialism  gregoryrader  relationships  postconsumerism  money  well-being  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
Kevin Slavin on Lift 11: Geneva - live streaming video powered by Livestream
Quotes transcribed by David Smith: "things we write but can no longer read"; "three problems … opacity, inscrutability … The third one is darker and a little bit harder to describe — I don't even know what to call it yet"; flash crash; dark pools; 60% of all movies rented on Netflix are rented because Netflix recommended them; 70% of current Wall St trades are algorithms trying to be invisible or other algorithms trying to find the invisible algorithms"
kevinslavin  technology  algorithms  evolution  wallstreet  cities  darkpools  netflix  trading  finance  invisibilealgorithms  financialservices  realestate  nyc  manhattan  songs  film  television  tv  opacity  inscrutability  elevators  lift11  roomba  robots  from delicious
february 2011 by robertogreco
Why Isn't Wall Street in Jail? | Rolling Stone Politics
"So there you have it. Illegal immigrants: 393,000. Lying moms: 1. Bankers: 0. The math makes sense only because the politics are so obvious. You want to win elections, you bang on the jailable class. You build prisons & fill them with people for selling dime bags & stealing CD players. But for stealing a billion $? For fraud that puts a million people into foreclosure? Pass. It's not a crime. Prison is too harsh. Get them to say they're sorry, & move on. Oh, wait—let's not even make them say they're sorry. That's too mean; let's just give them a piece of paper w/ a government stamp on it, officially clearing them of the need to apologize, & make them pay a fine instead. But don't make them pay it out of their own pockets, & don't ask them to give back the money they stole. In fact, let them profit from their collective crimes, to the tune of a record $135 billion in pay & benefits last year. What's next? Taxpayer-funded massages for every Wall Street executive guilty of fraud?"
economics  finance  politics  us  policy  corruption  wallstreet  crime  2011  fraud  matttaibbi  wealth  discrimination  favoritism  from delicious
february 2011 by robertogreco
David Galbraith’s Blog » How to Solve Berlin’s Gentrification War.
"Berlin’s slow-burn emergence as Europe’s cultural capital has resulted in a deep rooted creative scene, but that is being threatened. Berlin’s artists are now rebelling against a Yuppy invasion.<br />
<br />
One of the problems with gentrification is that the people that originally make an area more desirable (artists) don’t gain and the people that gain (yuppies), often make it less desirable. The reason for this is that creatives rent and can’t buy, and yuppies buy but don’t create.<br />
<br />
But imagine a property fund that was based on a simple rule - follow the artists, it would make a fortune. It should be possible then to fund the arts through some mechanism that capitalizes on this.<br />
<br />
An arts fund that created artists mortgages with the expectation that they increase the value of properties without normally benefiting (as happened in Shoreditch) could really help mitigate this kind of change, without any external subsidy…"
davidgalbraith  berlin  art  artists  realestate  housing  renting  gentrification  yuppies  money  finance  from delicious
january 2011 by robertogreco
BankSimple
"Many people are clearly fed up with their banks. Unreasonable fees, horrible customer service, and shady banking practices all add up to customers losing, and losing trust in their banks.<br />
<br />
Our vision is to simply put people first. Real customer service, no surprise fees, and a deep desire to help people is what makes BankSimple different."
finance  banking  business  money  startups  from delicious
january 2011 by robertogreco
Alex Payne — Settling Down Without Settling
"About six months ago, in May, my wife and I moved from San Francisco to Portland, Oregon. We expected to rent an apartment in Portland for at least a year, maybe two. Yesterday, in a major diversion from that path, we closed on our first home. We move in this coming Saturday.

In this post, I’m going to talk about why we bought a home, how we went about it, and the context of the particular socioeconomic moment we find ourselves in."

"There’s a simplicity that comes from transience, and a simplicity that comes from permanence. Both are illusions, and one will present itself before the other. For now, I’m eager to be wrapped up in the illusion of permanence, serene and arboreal."
homebuying  tips  money  portland  housing  finance  transience  simplicity  illusion  houses  alexpayne  2010  permanence  neo-nomads  nomads  lifestyle  silence  quiet  from delicious
january 2011 by robertogreco
ClubOrlov: America—The Grim Truth [A bit over the top, but there are some major truths in here, especially about the worry that results from the financial precariousness we feel as part of our system, lack of social safety net]
"Americans, I have some bad news for you:<br />
<br />
You have the worst quality of life in the developed world—by a wide margin.<br />
<br />
If you had any idea of how people really lived in Western Europe, Australia, New Zealand, Canada and many parts of Asia, you’d be rioting in the streets calling for a better life. In fact, the average Australian or Singaporean taxi driver has a much better standard of living than the typical American white-collar worker.<br />
<br />
I know this because I am an American, and I escaped from the prison you call home.<br />
<br />
I have lived all around the world, in wealthy countries and poor ones, and there is only one country I would never consider living in again: The United States of America. The mere thought of it fills me with dread.<br />
<br />
Consider this…"
politics  collapse  us  economics  health  healthcare  expats  2010  via:mathowie  finance  well-being  qualityoflife  food  pharmaceuticals  work  balance  australia  fragmentation  teaparty  immigration  emmigration  canada  newzealand  japan  europe  comparison  middleeast  guns  safety  society  fear  dystopia  unemployment  decline  oil  peakoil  grimfutures  change  policy  freedom  germany  finland  italy  france  scandinavia  singlepayerhealthsystem  government  socialsafetynet  bankruptcy  from delicious
december 2010 by robertogreco
Income Inequality and the 'Superstar Effect' - NYTimes.com
"CAPITALISM relies on inequality…pay disparities steer resources [people] to where they would be most productively employed.<br />
<br />
In poor economies, fast economic growth increases inequality…Inequality spurs economic growth by providing incentives …pulls best & brightest into most lucrative lines of work, where most profitable companies hire…<br />
Yet increasingly outsize rewards accruing to nation’s elite…threaten to gum up incentive mechanism. If only a very lucky few can aspire to a big reward, most workers are likely to conclude it's not worth effort to try…odds aren’t on their side.<br />
Inequality has been found to turn people off…measurably less satisfied w/ jobs…more likely to look for another…winner-take-all games tend to elicit much less player effort & more cheating…<br />
<br />
…How much inequality is necessary?…economy grew even faster 1951-80, when inequality declined…<br />
US is rich country w/ most skewed income distribution…Americans are less economically mobile…"
economics  disparity  wages  labor  growth  us  capitalism  incentives  motivation  wealth  elite  elitism  winnertakeall  work  inequality  mobility  finance  sports  wealthdistribution  from delicious
december 2010 by robertogreco
Buy vs. Rent: An Update - NYTimes.com
"Below is an updated list of rent ratios — the price of a typical home divided by the annual cost of renting that home — for 55 metropolitan areas across the country.<br />
<br />
We last covered this subject about eight months ago, and you’ll notice that most ratios have not changed much since then. A good rule of thumb is that you should often buy when the ratio is below 15 and rent when the ratio is above 20. If it’s between 15 and 20, lean toward renting — unless you find a home you really like and expect to stay there for many years."
money  rent  economics  finance  renting  homes  housing  2010  from delicious
december 2010 by robertogreco
The Billion Prices Project @ MIT
"The Billion Prices Project is an academic initiative that collects prices from hundreds of online retailers around the world on a daily basis to conduct economic research. We currently monitor daily price fluctuations of ~5 million items sold by ~300 online retailers in more than 70 countries.<br />
<br />
This webpage showcases examples of average inflation indexes that we created to illustrate the type of statistical work that can be done with this type of data. Our team is currently working on developing econometric models that leverage the data to forecast future trends and conduct economic research."
economics  visualization  inflation  finance  mit  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
Wall Street, investment bankers, and social good : The New Yorker
"What Good Is Wall Street? Much of what investment bankers do is socially worthless."<br />
<br />
"Since the early nineteen-eighties, by contrast, financial blowups have proliferated and living standards have stagnated. Is this coincidence? For a long time, economists and policymakers have accepted the financial industry’s appraisal of its own worth, ignoring the market failures and other pathologies that plague it. Even after all that has happened, there is a tendency in Congress and the White House to defer to Wall Street because what happens there, befuddling as it may be to outsiders, is essential to the country’s prosperity. Finally, dissidents like Paul Woolley are questioning this narrative. “There was a presumption that financial innovation is socially valuable,” Woolley said to me. “The first thing I discovered was that it wasn’t backed by any empirical evidence. There’s almost none.”"
wallstreet  finance  economics  investment  meltdown  investing  politics  social  policy  society  value  banking  money  from delicious
november 2010 by robertogreco
Are we better off renting? | Money | The Observer
"For generations, we've aspired to be home owners. But evidence shows we'd be better off renting – both individually and as a nation. In Germany and Sweden, the rental market is credited with making people wealthier and happier, and with creating more attractive cities. So, is it time to sell up?"
via:cityofsound  renting  housing  homes  money  finance  happiness  sweden  germany  wealth  economics  incentives  society  socialstigmas  uk  us  switzerland  from delicious
november 2010 by robertogreco
Who Gains and Who Loses from Credit Card Payments? Theory and Calibrations [.pdf]
"Merchant fees & reward programs generate implicit monetary transfer to credit card users from non-card (or “cash”) users because merchants generally do not set differential prices for card users to recoup costs of fees & rewards. On average, each cash-using household pays $149 to card-using households & each card-using household receives $1,133 from cash users every year. Because credit card spending & rewards are positively correlated w/ household income, payment instrument transfer also induces regressive transfer from low-income to high-income households in general. On average, & after accounting for rewards paid to households by banks, the lowest-income household (≤$20,000 annually) pays $21 & highest-income household (≥$150,000 annually) receives $750 every year. We build & calibrate a model of consumer payment choice to compute the effects of merchant fees & card rewards on consumer welfare. Reducing merchant fees & card rewards would likely increase consumer welfare."
creditcards  finance  financial  money  wealth  subidization  transfer  economics  from delicious
november 2010 by robertogreco
Nic Marks: The Happy Planet Index | Video on TED.com
"Statistician Nic Marks asks why we measure a nation's success by its productivity -- instead of by the happiness and well-being of its people. He introduces the Happy Planet Index, which tracks national well-being against resource use (because a happy life doesn't have to cost the earth). Which countries rank highest in the HPI? You might be surprised."
economics  environment  happiness  statistics  sustainability  ted  nicmarks  fear  well-being  productivity  latinamerica  future  progress  finance  growth  metrics  gdp  measurement  greed  robertkennedy  from delicious
september 2010 by robertogreco
StickWithANose » Student Loan Scam
Graphic describing the problem and its history, with suggestions about how not to fall into the trap at the end
studentloans  money  finance  government  policy  education  salliemae  debt  debtslavery  history  law  legal  from delicious
september 2010 by robertogreco
Careful Lending Benefits Canada's Housing Market : NPR
"Canadians bankers are often characterized as stodgy, and they were more careful about lending money. Cameron Muir, of the British Columbia Real Estate Association, adds: They didnt encourage unqualified buyers to jump into the market. [Makes sense.] … Canadians generally put more money down than their U.S. peers, and there is no tax break for mortgage interest. Moreover, says Muir, buyers who put 20 percent or less down have to get mortgage insurance, and the government sets the criteria for borrowers. [Still making sense.] … Whats more, many Asians are investing in Canadian real estate, and that too has helped the country's real estate market continue to hum. [Oh, but that last line makes me think speculation.]"
canada  vancouver  britishcolumbia  housing  markets  2010  housingbubble  money  finance  policy  speculation  from delicious
september 2010 by robertogreco
The Ruleless Road « Snarkmarket
"In the long list of books I’ll never write, there’s one that’s about a the­ory of risk. The the­ory is that there’s a thresh­old of risk aver­sion beyond which our attempts to extin­guish risk actu­ally exac­er­bate it. It would be filled with the case stud­ies you might expect — things like the overuse of antibi­otics and how a finan­cial insur­ance prod­uct short-circuited the econ­omy. But the open­ing anec­dote would be about roads. And I’d basi­cally copy and paste it from from this Decem­ber ’04 Wired story: …"
comments  mattthompson  snarkmarket  risk  behavior  roads  driving  antibiotics  insurance  finance  riskaversion  helicopterparents  handmoderman  complexity  simplicity  from delicious
august 2010 by robertogreco
Housing in Ten Words « The Baseline Scenario
"Housing is generally a worse investment than either stocks or simple U.S. Treasury bonds. Then why do so many people think it’s such a great investment?" [via: http://bettyann.tumblr.com/post/1003282676]
economy  economics  finance  housing  investment  us  markets  from delicious
august 2010 by robertogreco
Op-Ed Contributor - Four Deformations of the Apocalypse - NYTimes.com
"The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing — as suggested by last week’s news that the national economy grew at an anemic annual rate of 2.4 percent in the second quarter. Under these circumstances, it’s a pity that the modern Republican Party offers the American people an irrelevant platform of recycled Keynesianism when the old approach — balanced budgets, sound money and financial discipline — is needed more than ever."
economics  policy  georgewbush  taxes  reagan  reaganomics  republicans  deficits  balancedbudets  budget  2010  money  finance  debt  nationaldebt  texcuts  disparity  wealth  us  government  davidstockman 
august 2010 by robertogreco
Historical Financial Statistics - The Center for Financial Stability
"Welcome to Historical Financial Statistics, a free, noncommercial data set that went online in July 2010. We aim to be a source of comprehensive, authoritative, easy-to-use macroeconomic data stretching back several centuries. Our target range of coverage is from 1492 to the present, with special emphasis on the years before 1950, which few databases cover in detail."
via:lukeneff  economics  finance  financial  history  statistics  reference  macroeconomics  politics  ngo  data  business  international 
august 2010 by robertogreco
Throwing Money Away (Buying vs Renting) | Messy Matters [To save myself the time when this topic comes up again]
"I’m tired of hearing people explain that paying rent is throwing money away. Of course, they don’t mean that literally. You’re getting something for that money (a place to live). But with a mortgage you’re building equity, right? Doesn’t that fundamentally make more sense than renting? No. “Building equity” just means turning some of your money into a house. That’s one of many ways you could invest your money.
bubble  economics  finance  housing  investing  realestate  rent  renting  rentersrights  money  nyc  investments  investment  homebuying  via:robinsloan 
july 2010 by robertogreco
Robert Reich (Slouching Toward a Double Dip or a Lousy Recovery at Best)
"irony is that had there been no bank bailout in 2008-09, no large stimulus & no extraordinary efforts by Fed to pump trillions of $ into economy, we’d have had another Great Depression. & because it would have sucked almost everyone down with it, nation would have demanded larger & more fundamental reforms that might have lifted everyone & set US & world on more sustainable path toward growth & shared prosperity: rebuilding of nation’s infrastructure & alternative energies, single-payer health care, cap on size of big banks & resurrection of Glass-Steagall, earnings insurance, an Earned Income Tax Credit that extended into middle class & a truly progressive tax coupled w/ price on carbon to pay for all of this over long term.
robertreich  economics  greatdepression  greatrecession  missedopportunities  bailouts  2008  2009  2010  banking  finance  glass-steagall  taxes  sustainability  energy  policy  politics  infrastructure  equality  stimulus 
july 2010 by robertogreco
A VC: Why Taxing Carried Interest As Ordinary Income Is Good Policy
"We have witnessed financial services (think asset management, hedge funds, buyout funds, private equity, and venture capital) grow as a percentage of GNP for the past thirty years. The best and brightest don't go into engineering, science, manufacturing, general management, or entrepreneurship, they go to wall street where they will get paid more. And on top of that, we have been giving these jobs a tax break. That seems like bad policy. If we force hedge funds and the like to compete for talent on a more level playing field, then maybe we'll see our best and brightest minds go to more productive activities than moving money around and taking a cut of the action. .. It's time for asset managers to start paying their fair share of taxes. We are among the most highly compensated people in the world. And we've been getting a huge tax break for years. It's not right and I am happy to see our government finally do something about it."
fredwilson  finance  law  management  money  policy  politics  taxes  us  taxbreaks  2010  carriedinterest  interest 
june 2010 by robertogreco
Why we [still on May 31] don't know why the Dow fell [on May 6, 2010] | Marketplace From American Public Media
"Moon: Sow how can regulators after all this time not have any clue as to what happened?
finance  markets  wallstreet  complexity  dishonesty  2010  benbernake  regulation  scary  gambling  investing  stockmarket 
june 2010 by robertogreco
Tuttle SVC: Tobin Tax!
"If education was partially funded by a tax on financial transactions, a Tobin Tax, as Robert Reich proposes below, the net effect of today's market hiccup would be... more money for schools!
robertreich  tomhoffman  tobintax  schools  funding  publicschools  education  policy  taxes  finance  transactions  money  wallstreet  economics  humancapital 
may 2010 by robertogreco
Thinking About Innovation // NoahBrier.com
"To be honest, I don't feel like we've gotten anywhere on this one. Christensen made the same point as Hayes/Abernathy 22 years later and here we are, eight years after that, complaining about the same thing (or praising Steve Jobs for not subscribing). Interestingly, Managing Our Way to Economic Decline places much of the blame on the shift in corporate mindset from a one that makes someone with a technical background president, to one that makes someone with a financial/legal background president (see chart below).
business  history  management  politics  process  finance  innovation  leadership  understanding  tcsnmy  corporatism  corporatemindset  via:migurski  noahbrier 
april 2010 by robertogreco
Vittana | Building a world where anyone can go to college
"1. Find a student: Search for and choose a student in the developing world you would like to lend money to. 2. Make a loan: Make a loan for as little as $25 to the student through our website. 100% of your funds are delivered to the student. 3. Student graduates: Using your loan, the student finishes college (or vocational school), gets a degree, and then gets a job. 4. You get paid back: When the student repays, Vittana repays you the full amount of your loan. Use the money to make another loan."
activism  banking  philanthropy  finance  community  crowdsourcing  development  nonprofit  microlending  microfinance  education  p2p  lending 
april 2010 by robertogreco
The Impact of the Internet on Institutions in the Future | Beyond The Beyond [taken from: http://pewinternet.org/Reports/2010/Impact-of-the-Internet-on-Institutions-in-the-Future/Main-Findings.aspx?r=1]
“Scale is still important. Companies like Cisco have shown how to continue to innovate by acquisition, but big question is how do corporations gracefully end? How can we break cycle of Wall Street, a strong financial services industry is simply not good for society. WS does not improve productivity, the model is parasitic, transferring huge resources out of system. I am looking forward to next phase of the industrial revolution.” – Glen Edens..."Institutions are in dire crisis. Most institutions (schools & universities, political parties & governments, enterprises, clubs, & associations) were created to lower the costs of gathering information, engaging w/ our peers & taking decisions or performing some tasks. When these costs drop because of digital technologies, many institutions have to re‐think where are they adding value & where not, having to be able to get rid of the value‐less activities they perform & concentrate in the ones that still make sense." —Ismael Peña‐Lopez
accountability  transparency  education  institutions  disruption  internet  pew  change  2010  glenedens  ismaelpeña-lópez  wallstreet  finance  organizations  gamechanging  reform  parasites  corporations  businesscycle  information  teaching  learning  communities  evolution  value  efficiency  productivity 
april 2010 by robertogreco
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