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Index November 2012

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2012-11-01: Making The World a More Dangerous Place: The Eager Role of Julia Gillard;
2012-11-01: zu unseren Lebensgrundlagen;
2012-11-02: Eyes on the clock;
2012-11-03: Top Info Forum, 31. März 2012;
2012-11-04: Tourism benefits Viet Nam’s rural poor;
2012-11-05: Watch Open University of the Left events;
2012-11-06: Fed Budgetary Experts Demolish CBO Health Cost Model, the Lynchpin of Budget Hysteria;
2012-11-07: What financial cooperatives can teach the big banks;
2012-11-08: Quelle Surprise! QE Zombifies Economies;
2012-11-08: Bank for International Settlements BIS, BIS Working Papers No 381;2012-11-09: MEANWHILE IN BEIJING … ;
2012-11-10: Budget Disarray: US Set to Restage Greek Tragedy;
2012-11-11: Filthy Rich Capitalists Aid Progressives … Oops;
2012-11-12: Beyond Bayonets and Battleships;
2012-11-12: Alternativen zur Wirtschaft;
2012-11-13: Uncertainty and the data-generating process in macroeconomics;
2012-11-14: On opposite ends;
2012-11-15: The Concept of Money;
2012-11-16: FOOD: Spotlight on land grab deals;
2012-11-17: The upper class has a higher propensity for unethical behavior;
2012-11-18: Betting with Trillions: Prison of Debt Paralyzes West, Part 1;
2012-11-19: Bread, freedom and dignity — take two;
2012-11-20: Credit-card companies: War of the virtual wallets;
2012-11-21: Feminist voices in Islam: promise and potential;
2012-11-22: Bridging the fiscal cliff gap over spending;
2012-11-23: Default vs. Delay: Dangerous Euro Zone-IMF Split Persists over Greek Debt;
2012-11-24: Inevitability of Debt: The Faustian Bargain between States and Banks;
2012-11-24: Politik;
2012-11-25: Philadelphia: No Love for the Homeless;
2012-11-25: Finanz und Politik;
2012-11-26: Ex-UBS-Chefs: Schweiz ist am Wendepunkt;
2012-11-26: Opposition Opposed: German-Swiss Tax Evasion Deal Blocked in Berlin;
2012-11-27: Are World Financial Markets Talking to the NYT?
2012-11-28: CEO Council Demands Cuts To Poor, Elderly …;
2012-11-29: No debt reduction for Greece;
2012-11-29: Chine: Nestlé investit dans la médecine traditionnelle;
2012-11-30: Obama Calls on Citizens to Ask Congress to Slit Their Throats.


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Obama Calls on Citizens to Ask Congress to Slit Their Throats

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If this weren’t so terrible, it would be funny – Published on naked capitalism, by Yves Smith, Nov. 28, 2012.

The Administration is worried that there won’t be a fiscal cliff deal by year end. Per Bloomberg: … //

… Yves here. Given the Bowles visit with Obama, this means (as we’ve indicated from the get go) that Obama really has his ego invested in getting a deal done by year end.   Continue Reading…

Chine: Nestlé investit dans la médecine traditionnelle

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Publié dans, afp, le 28 novembre 2012.

Le numéro 1 mondial de l’alimentation investit dans la médecine traditionnelle chinoise, avec un accord de joint-venture avec le groupe chinois Chi-Med (pharmacie, santé).

Les deux groupes ont décidé de créer une nouvelle société appelée Nutrition Science Partners Limited (NSP), détenue à 50/50. Aucun détail financier de l’opération n’a été divulgué.   Continue Reading…

No debt reduction for Greece

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Published on WSWS, by Peter Schwarz, November 28, 2012.

Euro zone finance ministers finally agreed early Tuesday to the pay the tranche of loans to Greece that had been due since the summer. However, they rejected calls by the International Monetary Fund (IMF), among others, to reduce the debt of the highly indebted country.  Continue Reading…

CEO Council Demands Cuts To Poor, Elderly …

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… While Reaping Billions In Government Contracts, Tax Breaks – Published on Huffington Post/Politics, by Christina Wilkie and Ryan Grim, Nov. 25, 2012 (click also on videos).

WASHINGTON – The corporate CEOs who have made a high-profile foray into deficit negotiations have themselves been substantially responsible for the size of the deficit they now want closed.   Continue Reading…

Are World Financial Markets Talking to the NYT?

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Published on NYTimes eXaminer, by Dean Baker, November 24, 2012.

If they are, the paper should charge more for its subscriptions. Come on folks, a sentence that tells readers:
once the target numbers are settled, negotiators would have to come up with a down payment on deficit reduction to show the world’s financial markets that Washington is serious
has no place in a serious newspaper. Someone obviously told the NYT reporter that it was necessary to have a “down payment” to convince world financial markets that “Washington is serious.” The NYT did not get this tidbit from the financial markets themselves. We want names; who said this? How often has this person (persons) been completely wrong in their assessment of the economy over the last 5 years?   Continue Reading…

Opposition Opposed: German-Swiss Tax Evasion Deal Blocked in Berlin

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Published on Spiegel Online International, by kla, Nov. 23, 2012.

Germany’s center-left opposition torpedoed a long-awaited tax treaty with Switzerland on Friday, saying it didn’t go far enough in solving the problem of tax evasion. A compromise may still be found, but the vote leaves the deal teetering on the brink of failure.

It was supposed to end decades of disagreement between Switzerland and Germany over tax evasion, but on Friday lawmakers in Berlin put a stop to it. The country’s upper legislative chamber, the Bundesrat, voted against implementing a long-awaited tax treaty that parliament had already approved.  Continue Reading…

Ex-UBS-Chefs: Schweiz ist am Wendepunkt

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auf Schweizer Fernsehen SF, 25. November 2012:

Nach dem vorläufigen Scheitern des Steuerabkommens mit Berlin wähnt der einstige UBS-Verwaltungsratspräsident Peter Kurer den Finanzplatz an einem Wendepunkt. Ex-UBS-Chef Oswald Grübel sieht die Schweiz gar in einer Sackgasse …

3 videos via interne Links:

  • Scheitern des Steuerabkommens als Chance (Tagesschau, 23.11.2012); 1.24 min;
  • Finanzplatz Schweiz vor neuer Ära? (Sternstunde Philosophie, 21.10.2012), 55.57 min;
  • Schweizer Banken: Opfer oder Täter? (Arena, 03.02.2012 -ganze Diskussion in schweizerdeutsch), 76.56 min.   Continue Reading…

Finanz und Politik

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Philadelphia: No Love for the Homeless

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Published on Activist Post, 2.31 min, November 23, 2012 (also on YouTube, uploaded by ReasonTV,  Nov. 21, 2012):

  • Last March, Philadelphia Mayor Michael Nutter outlawed serving meals to the homeless in city parks, citing health concerns as the primary reason for the ban.
  • Chosen 300, a private charity with a mission to serve the city’s homeless, is in the midst of a lawsuit against the ban. They insist that the new regulations are harmful to the homeless community.
  • “These laws are really designed to eliminate people out of plain view so that we can have this idea that the city doesn’t have a homeless problem,” said Chosen 300 executive director Brian Jenkins.
  • The ACLU, which sued and won a temporary injunction against the new law, said the real reason for the ban is to protect the city’s image as a tourist destination.
  • The federal lawsuit will be brought to trial early next year and both the city and Chosen 300 are working to resolve the standoff out of court …

Energie und Politik

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Inevitability of Debt: The Faustian Bargain between States and Banks

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… are banks and governments merely feeding each other’s addictions? – Published on Spiegel Online International, by Stefan Kaiser, Nov. 2012.

States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk.

… Privileges and Denial:   Continue Reading…

Default vs. Delay: Dangerous Euro Zone-IMF Split Persists over Greek Debt

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Published on Spiegel Online International, by cgh, Nov. 21, 2012.

Euro-zone finance ministers meeting in Brussels this week have been unable to reach an agreement with the International Monetary Fund on how to ensure that Greece’s debt load comes down to manageable levels. Germany and other European countries continue to reject a new debt haircut. The standoff could become dangerous … //

… Close to a Result:   Continue Reading…

Bridging the fiscal cliff gap over spending

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Published on Washington Post, by Glenn Kessler, Nov. 21, 2012.

… Much of the attention concerning the so-called “fiscal cliff” has focused on tax revenues, specifically President Obama’s demand that tax rates rise for the wealthiest Americans. But the other side of the ledger — spending — is equally important, if the goal is to reduce federal budget deficits.  Continue Reading…

Feminist voices in Islam: promise and potential

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Published on openDemocracy, by ZIBA MIR-HOSSEINI, Nov. 19, 2012.

Religion is back in public space, and the thesis that modernization means the privatization of religion has been seriously questioned. Some religious and feminist dogmas need re-examination. What do ‘secular’ or ‘religious’ or ‘feminist’ mean in today’s contexts? Islam and feminism are often perceived and portrayed as incompatible. There is a plethora of literature and a host of arguments, both in the media and in academia, to show this is the case.   Continue Reading…

Credit-card companies: War of the virtual wallets

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Visa, MasterCard and other big payment networks need not be victims in the shift towards digital cash if they play their cards right – Published on The Econmist, Nov. 17, 2012.

ANOTHER milestone on the journey towards digital cash was passed on November 13th. That date marked the emergence from beta-testing in America of, a “digital wallet” that holds multiple payment cards in a virtual repository. Instead of providing their personal details and card numbers to pay for stuff online, customers just enter a username and a password. The service is provided by Visa, a giant card-payment network whose headquarters is in the heart of Silicon Valley, close to a host of technology firms which would love to get their hands on a chunk of the global payments business.   Continue Reading…

Bread, freedom and dignity — take two

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Opposition to the $4.5 billion loan Egypt is seeking from the IMF is growing. But is anyone taking note – Published on Al-Ahram weekly online, by Amira Howeidy, Nov. 14, 2012.

In the heart of Cairo, only a few kilometres away from Tahrir Square, epicentre of the 18-day uprising that overthrew Hosni Mubarak in February 2011, the battle to overturn Mubarak-era policies continues 21 months after his fall. Not only is Mubarak’s legacy of corruption entrenched in the system he left behind, Egypt’s post-revolution leadership stands accused of pursuing the same policies as their predecessor. Continue Reading…

Geschichte Europas

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Sturm über Europa:

Betting with Trillions: Prison of Debt Paralyzes West, Part 1

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Published on Spiegel Online International, by Cordt Schnibben, Nov. 16, 2012 (Photo Gallery).

Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why are democratic countries so pathetic when it comes to managing their money sustainably?   Continue Reading…

The upper class has a higher propensity for unethical behavior

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Published on RWER Blog, by University of California Berkeley, Nov. 15, 2012.

The upper class has a higher propensity for unethical behavior, being more likely to believe – as did Gordon Gekko in the movie “Wall Street” – that “greed is good,” according to a new study from the University of California, Berkeley.

In seven separate studies conducted on the UC Berkeley campus, in the San Francisco Bay Area and nationwide, UC Berkeley researchers consistently found that upper-class participants were more likely to lie and cheat when gambling or negotiating; cut people off when driving, and endorse unethical behavior in the workplace.  Continue Reading…

FOOD: Spotlight on land grab deals

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Published on IRIN humanitarian news and analysis, by jk/cb, November 14, 2012.

JOHANNESBURG, 14 November 2012 (IRIN) – “Land-grab” deals involving multinationals in developing countries have often been seen as detrimental to food security and the livelihoods of millions of small farmers, but a new study puts such deals into the context of agricultural investments more generally.   Continue Reading…

in german: ein paar Links mehr zum Geld … and for all still some music

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The Concept of Money

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Published on

What is money? What is the purpose for money? Do we need money? Is money wealth? To fix a problem you must first understand foundations. The articles in this section are designed to help you understand the foundations for NESARA. The articles are designed to be read sequentially. By no means are you required to read the articles in the order presented, but the reward of doing so will become obvious to serious students. Simply follow the Yellow Brick Road at the end of each article. Please help yourself to a new and fresh perspective about money:    Continue Reading…

On opposite ends

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Published on Al-Ahram weekly online, by ,  2012.

This week a technical team from the International Monetary Fund (IMF) is in Cairo for discussions with the Egyptian government over a much debated loan request of $4.8 billion. And despite the fact that many have voiced their opposition to the deal, the Minister of Finance Momtaz Al-Said has been quoted as saying that negotiations are on track and that a deal is expected before the end of the year … //  Continue Reading…

Uncertainty and the data-generating process in macroeconomics

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Published on Real-World Economics Review Blog, by Lars Syll, Nov. 1, 2012.

The financial crisis of 2007-08 hit most laymen and economists with surprise. What was it that went wrong with our macroeconomic models, since they obviously did not foresee the collapse or even make it conceivable? There are many who have ventured to answer this question. And they have come up with a variety of answers, ranging from the exaggerated mathematization of economics, to irrational and corrupt politicians.   Continue Reading…

Alternatives zur Wirtschaft

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Link: siehe auch unsere Page Economy – Money – Crisis – Politics – Society (mit vielen Videos und Texten in deutsch, französisch und englisch).

Beyond Bayonets and Battleships

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Space Warfare and the Future of U.S. Global Power – Published on ZNet, by Alfred W. McCoy, Nov. 9, 2012.

It’s 2025 and an American “triple canopy” of advanced surveillance and armed drones fills the heavens from the lower- to the exo-atmosphere. A wonder of the modern age, it can deliver its weaponry anywhere on the planet with staggering speed, knock out an enemy’s satellite communications system, or follow individuals biometrically for great distances. Along with the country’s advanced cyberwar capacity, it’s also the most sophisticated militarized information system ever created and an insurance policy for U.S. global dominion deep into the twenty-first century. It’s the future as the Pentagon imagines it; it’s under development; and Americans know nothing about it.  Continue Reading…

Filthy Rich Capitalists Aid Progressives … Oops

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Published on Dissident Voice, by Robert Hunziker, November 9, 2012.

The American public has rejected filthy rich capitalists as personified by Mitt Romney’s run for the presidency. No other candidate in modern political history has embodied the precepts of consummate, rampant capitalism like Romney; he is the classic image of Rich “Uncle” Pennybags, aka: Mr. Monopoly, doffing his black top hat to passers-by but without the funny little white mustache. Unfortunately for Mr. Romney & Co., contempt for the political dogma of filthy rich capitalism has been exposed within the dark shadows of defeat. At the same time, and paradoxically, his campaign’s billions helped progressives… immensely … // Continue Reading…

Budget Disarray: US Set to Restage Greek Tragedy

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Published on Spiegel Online International, by David Böcking, Nov. 8, 2012.

The US has more in common with heavily indebted southern European countries than it might like to admit. And if the country doesn’t reach agreement on deficit reduction measures soon, the similarities could become impossible to ignore. The fiscal cliff looms in the near future, and its not just the US that is under threat … // Continue Reading…


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Published on Socialist Unity, by John Wight, Nov. 5, 2012.

Lost amid the deluge of western media coverage of the upcoming US presidential election on November 6 has been an equally if not more important event, beginning on November 8, when the 18th National Congress of the Communist Party of China convenes in Beijing to elect a new Central Committee and replace seven of the nine members of the current Politburo, who are due to retire and/or stand down. These include the current President of People’s Republic – Hu Jintao.    Continue Reading…

Bank for International Settlements BIS, BIS Working Papers No 381

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Reassessing the impact of finance on growth (JEL classification: D92, E22, E44, O4) – Published on BIS, 21 pdf-pages,  by Stephen G Cecchetti and Enisse Kharroubi, Monetary and Economic Department, July 2012.

This paper investigates how financial development affects aggregate productivity growth. Based on a sample of developed and emerging economies, we first show that the level of financial development is good only up to a point, after which it becomes a drag on growth. Second, focusing on advanced economies, we show that a fast-growing financial sector is detrimental to aggregate productivity growth … (click on the internal link for FULL text).  Continue Reading…

Quelle Surprise! QE Zombifies Economies

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Nobody has wanted to heed the lesson of post bubble Japan until way too late – Published on naked capitalism, by blog owner, Nov. 7, 2012.

… Early in the crisis, the Japanese took the uncharacteristic step of telling American policy makers loudly that Japan had made a big mistake in how they handled theirs. They stressed that the most important step was cleaning up the banks. Then the IMF had the bad fortune to release a study of 124 banking crises on the heel of the Lehman and AIG meltdowns, which meant its findings were ignored, since the finance officialdom was too busy trying to deal with the wreckage to process new information. But it too came squarely down on the side of making banks take their medicine: … // Continue Reading…

What financial cooperatives can teach the big banks

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The success of financial cooperatives during the global financial crisis shows there is a credible alternative to the investment-owned banking system – Published on International Labour Organization ILO, by Prof. Johnston Birchall, Nov. 5, 2012.

GENEVA (ILO News) – While many big banks struggled for survival during the global economic crisis, networks of financial cooperatives – customer owned banks – weathered the storm and came out strong.

Data presented to the ILO by Johnston Birchall, Professor of social policy at Stirling University (United Kingdom), show that this “alternative banking system” has been more stable and more efficient than many economists had predicted.    Continue Reading…

Fed Budgetary Experts Demolish CBO Health Cost Model, the Lynchpin of Budget Hysteria

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Published on naked capitalism, by blog owner, NOVEMBER 4, 2012.

A remarkably important and persuasive paper that calls into question the need for “reforming” Medicare has not gotten the attention it warrants. An Examination of Health-Spending Growth In The United States: Past Trends And Future Prospects (hat tip nathan) by Glenn Follette and Louise Sheiner looks at the model used by the Congressional Budgetary Office to estimate long term health care cost increases. Bear in mind that this model is THE driver of virtually all forecasts of future budget deficits.   Continue Reading…

Watch Open University of the Left events

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Find on their YouTube Channel (some recent exemples) …

Find more on YouTube.

Tourism benefits Viet Nam’s rural poor

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Inland hilltribe villagers in Quang Nam province have increased their earnings by developing products such as traditional weavings, spices, tea gift baskets and home stay services for tourists, with the help of an ILO project and funding from the Luxembourg Government – Published on ILO, by Tran Quynh Hoa, ILO Office in Viet Nam, November 1, 2012.

Dawn breaks in Bho Hoong Village, revealing a hidden, picturesque community not far from the historic Ho Chi Minh Trail in the central province of Quang Nam.

The village is home to 67 members of the Ca Tu ethnic minority. With its peaceful and pristine landscape with old stilt houses, oxen gazing around and women smiling behind their brocade weaving looms, it is undoubtedly a good destination for visitors interested in unique cultures. Tourism, however, remains relatively underdeveloped here. Bho Hoong receives only about 2,000 visitors a year, while nearby attractions such as the My Son Archaeological Site, can welcome up to 600 tourists per day.   Continue Reading…

Top Info Forum, 31. März 2012

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Eyes on the clock

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Will the government’s decision to close Egypt’s shops at 10pm be implemented – Published on Al-Ahram weekly online, by Ahmed Kotb, 25 October – 1 November 2012.

The Federation of Egyptian Chambers of Commerce (FECC) decided Monday to reject the decision taken by the Board of Governors that stipulates that shops across the country shut down at 10pm.

In a statement issued following its emergency meeting Monday, the FECC stated that its members agreed that there should be social dialogue before applying the government’s decision in order to reach a consensus on what would be beneficial to all parties.  Continue Reading…

zu unseren Lebensgrundlagen

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Making The World a More Dangerous Place

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The Eager Role of Julia Gillard – Published on OpEdNews OEN, by John Pilger, Oct. 26, 2012.

… Australia has 40% of the world’s uranium, all of it on indigenous land. Prime Minister Julia Gillard has just been to India to sell uranium to a government that refuses to sign the Nuclear Non Proliferation Treaty (NPT) and whose enemy, Pakistan, is also a non-signatory. The threat of nuclear war between them is constant. Uranium is an essential ingredient of nuclear weapons.  Continue Reading…