This is a must read article for those who wish to know how exposed we really are!
http://aotearoaawiderperspective.wordpress.com/2012/06/07/on-derivatives-debt-and-mervyn-king-or-why-john-key-will-bury-this-country-in-debt/
Scratches to Sketches
Wednesday, 6 June 2012
Google previews coming attractions to digital maps in advance of potential fissure with Apple - The Washington Post
Apple launching map improvement on Google maps? Sounds incredible!
http://www.washingtonpost.com/national/google-to-showcase-upgrades-to-digital-maps-amid-reports-of-looming-setback-on-iphones-ipads/2012/06/06/gJQANDuoIV_story.html
http://www.washingtonpost.com/national/google-to-showcase-upgrades-to-digital-maps-amid-reports-of-looming-setback-on-iphones-ipads/2012/06/06/gJQANDuoIV_story.html
LinkedIn hack is much worse than you think
If it can be done once, it can be done twice. This is a very sophisticated breach of security and as trust is broken the fall out will, yes will, be enormous.
http://betanews.com/2012/06/06/linkedin-hack-is-much-worse-than-you-think/
http://betanews.com/2012/06/06/linkedin-hack-is-much-worse-than-you-think/
Tuesday, 5 June 2012
Paul Krugman: 'I'm sick of being Cassandra. I'd like to win for once' | Business | The Guardian
This is a great review of the book of a great economist. What people do not seem to grasp is how much economic management is an applied science repleat with a host of available tools honed to produce given effects on the economy. Give the tool box to the wrong people and your friends will indeed become poor!
http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9780393088779
http://www.guardianbookshop.co.uk/BerteShopWeb/viewProduct.do?ISBN=9780393088779
Monday, 4 June 2012
IMF boss who pays no tax lectures Greek people | Green Left Weekly
And, rightly so!
The green left article referred to below is badly informed because international salaries of most UN groups are quoted after tax for very very obvious reasons had the writer bothered to check the charters of the post war organizations. Still as an after tax amount the amount is just attractive enough for someone who would be worth several million after tax income in the modern financial economy to give that up to work for the IMF. The MD should be congratulated. She is sacrificing income not profiteering. Responsible use of one's income should be supported not castigated as the green left writer does! Such talk is not worthy of serious thinking individuals and is pandering to thoughtless biases!
Reality is that financial market people and senior government officials in almost all countries really do command and must a higher than average salary. Their work is not for the uneducated and irresponsible. Their work is for steady responsibility and dedication to a balanced life over the long term.
One needs to separate markets according to risk. The issue with property speculation is that banks were engaged in activities that they could not afford. They could not cover the risk adequately. Why? The reason is because governments like that in Greece did not pay attention to long term financial sustainability. A good banker cringes when banks lend to the property market because historically that market is very high risk during periods when government wish to create jobs.
In America, the slow pace of the economy is a reflection of the absense of a property boom and so be it. This will ultimately free up activity from real estate to productive services and manuafacturing. In the short term, however, there is a shortage of skills and people need to be educated. This is a very real problem in a country where tuition fees are very high and impede reorganisation away from speculation. In about fifteen years the property boom cycle could be repeated, but that would be because of irresponsible government / banking policy which has not learned the lesson that property growth needs to match capacity to repay loans over the long term an activity unsuited for banks that tend to focus on short term money management!
Also, the logic of the writer is almost stupid! If you save and work hard you deserve a good salary. The problem really lies with people who gamble on the property market. Behind the Greek crisis are loads of people who have won big in Greece through speculation in property. Many of these individuals are associated with American banks. As regards Australia, one can have respect that the property bubble was not as excessive as seen elsewhere!
http://www.greenleft.org.au/node/51214
The green left article referred to below is badly informed because international salaries of most UN groups are quoted after tax for very very obvious reasons had the writer bothered to check the charters of the post war organizations. Still as an after tax amount the amount is just attractive enough for someone who would be worth several million after tax income in the modern financial economy to give that up to work for the IMF. The MD should be congratulated. She is sacrificing income not profiteering. Responsible use of one's income should be supported not castigated as the green left writer does! Such talk is not worthy of serious thinking individuals and is pandering to thoughtless biases!
Reality is that financial market people and senior government officials in almost all countries really do command and must a higher than average salary. Their work is not for the uneducated and irresponsible. Their work is for steady responsibility and dedication to a balanced life over the long term.
One needs to separate markets according to risk. The issue with property speculation is that banks were engaged in activities that they could not afford. They could not cover the risk adequately. Why? The reason is because governments like that in Greece did not pay attention to long term financial sustainability. A good banker cringes when banks lend to the property market because historically that market is very high risk during periods when government wish to create jobs.
In America, the slow pace of the economy is a reflection of the absense of a property boom and so be it. This will ultimately free up activity from real estate to productive services and manuafacturing. In the short term, however, there is a shortage of skills and people need to be educated. This is a very real problem in a country where tuition fees are very high and impede reorganisation away from speculation. In about fifteen years the property boom cycle could be repeated, but that would be because of irresponsible government / banking policy which has not learned the lesson that property growth needs to match capacity to repay loans over the long term an activity unsuited for banks that tend to focus on short term money management!
Also, the logic of the writer is almost stupid! If you save and work hard you deserve a good salary. The problem really lies with people who gamble on the property market. Behind the Greek crisis are loads of people who have won big in Greece through speculation in property. Many of these individuals are associated with American banks. As regards Australia, one can have respect that the property bubble was not as excessive as seen elsewhere!
http://www.greenleft.org.au/node/51214
Rupert Murdoch blasts Google on Twitter, gets blasted back | CNET UK
Ever resilient despite his years, Murdoch is able to hold his own in the media where he is still very dominant. This fear of someone who can openly challenge Google is what makes politicians dependent on good publicity cringe!
http://crave.cnet.co.uk/software/rupert-murdoch-blasts-google-on-twitter-gets-blasted-back-50008145/
http://crave.cnet.co.uk/software/rupert-murdoch-blasts-google-on-twitter-gets-blasted-back-50008145/
Sunday, 3 June 2012
Large-scale forest bio-energy creates carbon debt « Summit County Citizens Voice
Forests are left best as carbon sinks unless harvested on the very long term, study finds.
http://summitcountyvoice.com/2012/06/03/large-scale-forest-bio-energy-creates-carbon-debt/
http://summitcountyvoice.com/2012/06/03/large-scale-forest-bio-energy-creates-carbon-debt/
Saturday, 2 June 2012
Three Types of People to Fire Immediately - Businessweek
Victims, doubters and know-it-alls are problem makers not solution finders!
http://www.businessweek.com/management/three-types-of-people-to-fire-immediately-11082011.html
http://www.businessweek.com/management/three-types-of-people-to-fire-immediately-11082011.html
Merkel presses Putin on Russian democracy - BusinessWeek
Telling Putin the obvious is noteworthy in a world where leaders deliberately talk past each other. We see how reporting on Russian TV is imagination run wild!
http://www.businessweek.com/ap/2012-06/D9V4DJ0G3.htm
http://www.businessweek.com/ap/2012-06/D9V4DJ0G3.htm
Paul Krugman: Cries for austerity mask real agenda: Cutting government - Viewpoints - The Sacramento Bee
Krugman is right! What Britain needs is spending not austerity, but also a reform of its banking system to ensure a housing bubble does not occur again!
http://www.sacbee.com/2012/06/02/4532501/cries-for-austerity-mask-real.html
http://www.sacbee.com/2012/06/02/4532501/cries-for-austerity-mask-real.html
The Dutch Windmill : WINDMILLS IN DUTCH HISTORY
Continuing to this day! They seem to be hidden from general view.
http://www.let.rug.nl/polders/boekje/history.htm
http://www.let.rug.nl/polders/boekje/history.htm
Friday, 1 June 2012
Charles Taylor’s heavy sentence a stark warning to world leaders - The Globe and Mail
As a leader of a government one has responsibilities to citizens and the community at large. What do we say now about corporate leaders of companies that produce arms that are used in atrocities? It is high time we addressed the money and arms of governments called corporations, the leaders of which need also to be held to high moral standards and punished for crimes against nature and humanity. I think we need laws to protect all natural life and punish those leaders of corporations who commit outlandish negative acts! Accountability! Yes! http://www.theglobeandmail.com/news/world/charles-taylors-heavy-sentence-a-st...
Charles Taylor’s heavy sentence a stark warning to world leaders - The Globe and Mail
As a leader of a government one has responsibilities to citizens and the community at large. What do we say now about corporate leaders of companies that produce arms that are used in atrocities? It is high time we addressed the money and arms of governments called corporations, the leaders of which need also to be held to high moral standards and punished for crimes against nature and humanity. I think we need laws to protect all natural life and punish those leaders of corporations who commit outlandish negative acts! Accountability! Yes!
http://www.theglobeandmail.com/news/world/charles-taylors-heavy-sentence-a-stark-warning-to-world-leaders/article2447347/?utm_medium=Newsletters&utm_source=Morning%20News%20Update&utm_type=text&utm_content=Charles%20Taylorrsquo;s%20heavy%20sentence%20a%20stark%20warning%20to%20world%20leaders&utm_campaign=95400335
http://www.theglobeandmail.com/news/world/charles-taylors-heavy-sentence-a-stark-warning-to-world-leaders/article2447347/?utm_medium=Newsletters&utm_source=Morning%20News%20Update&utm_type=text&utm_content=Charles%20Taylorrsquo;s%20heavy%20sentence%20a%20stark%20warning%20to%20world%20leaders&utm_campaign=95400335
Mulcair digs in for long debate on ‘Dutch disease’ - The Globe and Mail
Mulcair has nailed the economics. Can he lead the frontier country called Canada forward from the dark ages?
http://www.theglobeandmail.com/news/politics/mulcair-digs-in-for-long-debate-on-dutch-disease/article2437868/
http://www.theglobeandmail.com/news/politics/mulcair-digs-in-for-long-debate-on-dutch-disease/article2437868/
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