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Business schools and inequailty

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Published on Real-World Economics Review Blog RWER, by Peter Radford, Sept 21, 2013.

You may not be aware of the article that has created quite a storm on the New York Times website. It is about inequality at Harvard Business School HBS and the insidious consequences of the emergence of a “class” system there.

Don’t laugh.

If HBS is now afflicted by class issues and the social disaster of inequality, then we can assume the rest of the country is in worse shape.     Continue Reading…

UK: Ed Miliband pledges tough laws on wages

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Labour would increase fine on firms who fail to pay minimum wage from £5,000 to £50,000 – Published on The Guardian, by Toby Helm, Andrew Rawnsley and Daniel Boffey, Sept 21, 2013.

Ed Miliband has announced plans for a tenfold increase in fines – from £5,000 to £50,000 – for any company that fails to pay the minimum wage as part of a radical manifesto to end exploitation and drive up the skills of millions of British workers.

In an interview with the Observer as the Labour conference opens in Brighton, he also pledges a new immigration law to ensure that medium and large companies can only take on a skilled worker from outside the EU if they pay to train a British worker in return.  Continue Reading…

Eurokrise – Schulden – Klartext

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(see also: Welcome to our new blog: politics for the 99%).

Follow the Money: NSA Monitors Financial World, Part 1

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Published on Spiegel Online International, by Laura Poitras, Marcel Rosenbach and Holger Stark, September 16, 2013 (Photo Gallery).

The NSA monitors banks and credit card transactions — sometimes in apparent violation of national laws and global regulations. The European SWIFT financial transaction network is being tapped on different levels, internal documents from the US spy agency show.

In the summer of 2010, a Middle Eastern businessman wanted to transfer a large sum of money from one country in the region to another. He wanted to send at least $50,000 (€37,500), and he had a very clear idea of how it should be done. The transaction could not be conducted via the United States, and the name of his bank would have to be kept secret – those were his conditions.  Continue Reading…

Finanzen und Krise

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(see also: Welcome to our new blog: politics for the 99%).

Follow the Money: NSA Spies on International Payments

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Published on Spiegel Online International, by /kla, September 15, 2013.

The United States’ NSA intelligence agency is interested in international payments processed by companies including Visa, SPIEGEL has learned. It has even set up its own financial database to track money flows through a “tailored access operations” division.
The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions, according to documents seen by SPIEGEL.  Continue Reading…

Reform of Global Gouvernance as a matter of urgency

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the Euro-BRICS rapprochement at the service of the system’s upgrade or as a matrix of a new model? (Strategic note, derived from the 4th Euro-BRICS seminar (Moscow, May 23-24th 2013) – Published on Europe2020, intern on July 4, 2013, made public on September 4, 2013.

The crisis of legitimacy faced by the institutions of the global governance system set up after 1945 is resulting in the collapse of the old framework of international cooperation, with apparently nothing ready to replace it, besides a myriad of more or less successful regional integration projects. The supra-national regional entities that are currently being forged, created in a context of increasing emergency, are indeed the building blocks of tomorrow’s multipolar world … // Continue Reading…

are changements in view?

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The Project for a New Middle East

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… plans for redrawing the Middle East - Published on Global, by Mahdi Darius Nazemroaya, January 27, 2013 (The following path-breaking analysis was first published by Global Research in November 18, 2006).

The term “New Middle East” was introduced to the world in June 2006 in Tel Aviv by U.S. Secretary of State Condoleezza Rice (who was credited by the Western media for coining the term) in replacement of the older and more imposing term, the “Greater Middle East.”  Continue Reading…

September 11 – Chile 1973, Chicago 2013: 40 Years of Neo-liberal Attacks on our Societies

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Published on ZNet, by Kim Scips, September 11, 2013.

What do you think of when you hear the term “9-11”? A date. Does it remind you of the attacks on New York’s World Trade Center, or the attack on the Pentagon, or the attack that was frustrated by passengers in Pennsylvania? Continue Reading…

We are Exploited, We Exploit

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Audio, 7.40 min, uploaded by dw declare, Jan 14, 2012: Years ago I recognized my kinship with all living beings, and I made up my mind then that I was not one bit better than the meanest on earth. I said then, and I say now, that while there is a lower class, I am in it; and while there is a criminal element, I am of it; and while there is a soul in prison, I am not free (Eugene Debs);

(see also: Welcome to our new blog: politics for the 99%).

Quo vadis USA?

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Prof. Dr. Michael Vogt im Gespräch mit Webster Tarpley, 80.55 min, von Applicas Media am 27. August 2013 hochgeladen.

Turning the Table on the Trackers

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Wikileaks Sniffs out Spy Salesmen – Published on, by Pratap Chatterjee, Sept 6, 2013.

What was Mostapha Maanna of Hacking Team, an Italian surveillance company, doing on his three trips to Saudi Arabia in the last year? A new data trove from WikiLeaks reveals travel details for salesmen like Maanna who hawk electronic technology to track communications by individuals without their knowledge.  Continue Reading…

Larry Summers — Next Fed Chairman?

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Published on ZNet, by Jack Rasmus, September 07, 2013.

When mainstream press outlets, like the New York Times, Wall St. Journal, CNN money and others, issue front page articles on a topic related to the government more or less simultaneously, it usually means they have received confidential, not-yet-for-publication notice from the government of decisions made but temporarily embargoed.   Continue Reading…

Weltweiter Zugriff auf die Vermögen der Bürger

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vom G20-Gipfel beschlossen – In Deutsche Wirtschafts Nachrichten, 7. September 2013.

Im Schatten des Kriegsgetöses hat der G 20-Gipfel eine weitreichende Entscheidung getroffen: In Zukunft werden die Steuer-Daten jedes einzelnen Bürgers weltweit verfügbar gemacht. Vordergründig geht es um Steuerflucht. Tatsächlich geht es darum, dass die Staaten-Gemeinschaft die lückenlose Kontrolle über die finanziellen Verhältnisse jedes einzelnen Bürgers übernehmen wird. Der Gipfel markiert einen Meilenstein auf dem Weg zur umfassenden Enteignung der Bürger.   Continue Reading…

Economic Collapse, World War III, Dollar-Euro

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(see also: Welcome to our new blog: politics for the 99%).

The Real Story of Detroit’s Economy

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Good Things Are Really Happening in Motown – Published on ZNet (first on AlterNet), by Frank Joyce, Sept 4, 2013.

As a life-long Detroiter who has lived both in the city and the suburbs, I’ve been fascinated by the media frenzy over Detroit’s bankruptcy. Like most big news topics these days, Detroit has become a screen onto which people project whatever political viewpoint they have.

First off, it’s worth considering why the bankruptcy is getting so much attention. Is there really that much there, there? After all, as with any bankruptcy, isn’t it just an argument among some people about some money (or artworks, real estate and other assets).   Continue Reading…

ISA’s latest News and Analysis

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September 3, 2013 – Published on International Strategic Analysis ISA’s  Frontpage.

The Vulnerable Arabian Peninsula: … //

… India’s Economic Troubles Continue: … //

… Difficult Days for the BRICS: … //

… Did Assad Go to Far?   Continue Reading…

How to win friends and influence the new economy

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Published on openDemocracy, by SARAH BYRNES, August 26, 2013, 2013.

Loneliness is as strong as smoking or alcohol abuse as an indicator of premature mortality. When Lisa Cook found she had no one to help her put her cat down, she decided to act. She joined a resilience circle: a friendship group that works on new economic principles.

No one likes to admit that they are lonely. It’s too embarrassing. When Lisa Cook’s cat had to be put to sleep, she went to the vet alone. “I couldn’t think of a single person to ask to go with me,” she remembers. “It was devastating.”   Continue Reading…

The psychology of scarcity: days late, dollars short

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… those with too little have a lot on their mind – Published in The Economist, August 31, 2013.

THE authors of this book both study people for a living—often people who lack money. They may be vegetable sellers in Chennai, India, who borrow money at dawn and repay with exorbitant interest at dusk. Or they may be ill-paid office managers, like Shawn from Cleveland, Ohio, who lives from pay cheque to pay cheque, always finding that there is “more month than money”.   Continue Reading…

Heinrich Staudinger

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(Videos in oesterreichischem Dialekt)

US Households Continue to Bleed

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Published on MacroBusiness, by Leith van Onselen, August 23, 2013 (Linked with our new blog: politics for the 99%).

Two former Census Bureau officials working at Sentier Research have released a new report claiming that median US household income is recovering, but remains 6.5% below its pre-recession level in real (inflation adjusted) terms:   Continue Reading…

Financial markets: ever more inefficient and costly

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Published on Real-World Economics Review Blog, by David Ruccio, August 21, 2013.

Back in 2011, just after Mayor Michael R. Bloomberg gave the orders to forcibly end the occupation of Zuccotti Park, Chris Smith observed that:

–Bloomberg is an ineluctable member of the ruling class, and it’s part of the reason New York elected him. He’s the result of the hard bargain we made in the traumatic aftermath of 9/11, when our tallest symbols of capitalism had been destroyed: We put a moneyman in charge, hoping that he’d manage basic services with business-honed competence and attract new jobs for the city’s reeling economy.    Continue Reading…

Poor Adam

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Published on Real-World Economics Review Blog, by Peter Radford, August 19, 2013. (Linked with our new blog: politics for the 99% (Frontpage), and it’s new post: Not Too Big to Jail).

Summer vacation is winding down, I have spent a great deal of time reading papers and books and not enough time doing useful things, so naturally I am continuing to bellyache about modern economics. Perhaps its that ‘end of summer feeling’, but suddenly I feel bad for Adam Smith. I really do. Remembered as he is for a casual, if powerful, metaphor he always gets mentioned as the progenitor of modern economics. This is a strictly Anglo-Saxon view of course … // Continue Reading…

Detroit Residents on Bankruptcy – We Have No Democracy

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Published on truthout, by David Bacon, August 15, 2013.

DETROIT – On July 18, 2013, Kevyn Orr, the city emergency manager appointed by Republican Gov. Rick Snyder, declared Detroit bankrupt under Chapter 9 of the bankruptcy code. According to official accounts, Detroit is $18.5 billion in the hole, making this the largest of several recent bankruptcies declared by US cities and counties.   Continue Reading…

two old informations / deux anciennes infos

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not appearing in big media, should revolt us / absentes dans la grande presse, elles devraient nous révolter:

  • The Federal Reserve Cartel: The Eight Families, on Global, by Dean Henderson, June 1, 2011: (Part one of a four-part series): The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] Continue Reading…

The Stop-Go U.S. Economic Recovery

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Published on ZNet, by Jack Rasmus, August 14, 2013.

For the past several years, the US press, pundits, and apologists for both liberal and conservative politicians in the US have jumped at every slight indication of this or that monthly economic indicator showing improvement. The hype that followed typically declared the ‘recovery was now solidly underway’. That has been the media ‘mantra’ now for the past four years. Each time, the temporary good news was reversed, however, revealing the US economy was not on a trajectory of sustained economic recovery, but instead ‘bouncing along the bottom’, growing at a rate typically half that of recession recoveries in the past.  Continue Reading…

Prof. Heiner Flassbeck auf YouTube

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Prof. Heiner Flassbeck – Euro-Krise & globale Flaute: von MrMarxismo am 16. Mai 2013 hochgeladen:

The US Has Lowest Minimum Wage and Most Young People Without Jobs Among Wealthiest Countries

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Wall Street Take-Off: 2012-2013

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Published on Dissident Voice, by James Petras, August 12, 2013.

On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J.P. Morgan, the largest bank made $6.1 billion in the second quarter, up 32% over the year before and expects to make $25 billion in profits in 2013. Wells Fargo, the fourth largest bank, reaped $5.27 billion, up 20%. Citigroup’s profits topped $4.18 billion, up 42% over the previous year.   Continue Reading…

June’s trade deficit

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the MBA & LPS on delinquent mortgages & foreclosure inventories at mid year – Published on Marketwatch, by RJS, August 11, 2013.

this week saw the release of both of the major national reports that track the condition of US home mortgages, coincidentally as of the last day of June, giving us an opportunity to compare them side by side, which should give us a better picture of the overall situation….we should note they’re not directly comparable, however, because the Mortgage Bankers Association’s (MBA) 2nd quarter National Delinquency Survey is issued quarterly and is seasonally adjusted, whereas the June Mortgage Monitor (pdf) from Lender Processing Services (LPS) is a report issued monthly that is not seasonally adjusted … Continue Reading…

Real business cycles – transmogrifying obfuscation

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Published on Real-World Economics Review Blog, by Lars Syll, August 10. 2013.

Real business cycles theory (RBC) basically says that economic cycles are caused by technology-induced changes in productivity. It says that employment goes up or down because people choose to work more when productivity is high and less when it’s low. This is of course nothing but pure nonsense – and how on earth those guys that promoted this theory could be awarded The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is really beyond comprehension … // Continue Reading…

June 2012: Iceland Dismantles Corrupt Gov’t …

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… Then Arrests All Rothschild Bankers *, 6.28 min, uploaded by Sean Revelund, June 24, 2012;

See also the YouTube Channel The Young Turks TYT, and find them on en.wikipedia as: TYT, with Cenk Uygur, Danny Trejo, Oliver Stone with it’s Untold History of the United States with it’s External Links;
The Filmography’s website;

$9,000,000,000,000 MISSING From The Federal Reserve, 5.24 min, uploaded by littlejimmy95, May 13, 2012:   Continue Reading…

Oliver Janich

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Das Kapitalismus-Komplott (Alpenparlament TV), 61.52 min, von malaikaswelt am 16. April 2013 hochgeladen.

Siehe auch:

The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks

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Published on Dissident Voice, by Ellen Hodgson Brown, August 5, 2013.

The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, the depositors were “bailed in” (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the banks.   Continue Reading…

Absolute Mehrheit

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Polit-Talkshow (mit Gregor Gysi, Dirk Müller, Dirk Niebel FDP, Florian Pronold SPD, Eurokritiker Bernd Lucke), 92.39 min, von Demo Kratie am 3. Mai 2013 hochgeladen.

Requiem for a revolution that never was

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Published on Pambazuka News, by Ajamu Baraka, July 31, 2013.

With the collusion of some radicals and liberals, the term ‘revolution’ in the context of Egypt has been de-radicalised. There has been no revolutionary process in Egypt, in the sense of a transfer of power away from the class forces that dominated Egyptian society … //

… A REVOLUTION IN NAME ONLY: … // Continue Reading…

Darf ich Ihnen etwas sagen?

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Darf ich Ihnen etwas sagen? TOI TOI TOI die Bananenrepublik, 2.29 min, uploaded by Bananenrepublik1, Feb 26, 2013;

Die finsteren Mächte: Showdown – Dirk Müller vs. Markus Lanz am 11.Juli 2013, 15.05 min, von DieBananenrepublik1 am 12. Juli 2013 hochgeladen;
(Ganze Sendung – mit allen Teilnehmern – aus der ZDFmediathek: Beitrag bei Markus Lanz vom 11. Juli 2013, 70.39 min).   Continue Reading…

Bonded labour: Fighting bonded labour in Nepal

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Though it is banned by the government and has all but disappeared from certain locations, bonded labour persists in some parts of the country . Piublished on International Labour Organization ILO, August 2, 2013.–en/index.htm
KATHMANDU (ILO News) – The Tarai is the flat agricultural area that spans the length of Nepal, along its border with the Indian states of Bihar, Uttar Pradesh and Uttarakhand. But this tranquil rural setting harbours an age-old problem: the Haruwa-Charuwa system of bonded labour.
Haruwa are adult labourers who plough mid-sized and large plots of land for high-cast landowners in certain districts of the eastern Tarai, while Charuwa – normally their children – are employed for herding cattle.
There is a third group, called Haliya: landless agricultural labourers in the far western hills. The Haliyas were officially declared “free” in 2008, but some of them still depend on their landowners since they don’t have any other ways of making a living.
A recently launched ILO report that examines conditions in the 12 districts where these systems of bonded labour are most prevalent found that 12 per cent of the estimated 942,000 households were affected by forced labour. That means that at least one member of the family – whether it was an adult or child – was working under forced labour conditions. However, when looking only at the Haruwa-Charuwa and Haliya households, the proportion was a lot higher, at 94 per cent.
Contracts and wages: … //

Though it is banned by the government and has all but disappeared from certain locations, bonded labour persists in some parts of the country – Published on International Labour Organization ILO, August 2, 2013.

KATHMANDU (ILO News) – The Tarai is the flat agricultural area that spans the length of Nepal, along its border with the Indian states of Bihar, Uttar Pradesh and Uttarakhand. But this tranquil rural setting harbours an age-old problem: the Haruwa-Charuwa system of bonded labour.

Haruwa are adult labourers who plough mid-sized and large plots of land for high-cast landowners in certain districts of the eastern Tarai, while Charuwa – normally their children – are employed for herding cattle.   Continue Reading…

Inflation – Armut – Geldsystem

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