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thinkahol *

BBC News - Thinking outside the 1930s box - 0 views

www.bbc.co.uk/...business-15217615

BBC News - Thinking outside the 1930s box

shared by thinkahol * on 20 Oct 11 - No Cached
  • thinkahol * on 20 Oct 11
     
    There are two kinds of people at present: those who know in a vague way that the 1930s was a bad time, and those who have studied the detail and understand the economics of why it went bad.
thinkahol *

YouTube - Donald Duck Meets Glenn Beck in Right Wing Radio Duck - 0 views

www.youtube.com/watch

YouTube - Donald Duck Meets Glenn Beck in Right Wing Radio

shared by thinkahol * on 20 Oct 10 - No Cached
  • thinkahol * on 20 Oct 10
     
    This is a re-imagined Donald Duck cartoon remix constructed using 50 classic Walt Disney cartoons from the 1930s to 1960s. Donald's life is turned upside-down by the current economic crisis and he finds himself unemployed and falling behind on his house payments. As his frustration turns into despair Donald discovers a seemingly sympathetic voice coming from his radio named Glenn Beck.   Will Donald's feelings of disenfranchisement lead him to be persuaded by his radio's increasingly paranoid and divisive rhetoric? Or will our favorite Disney duck decide that this voice is not actually on his side after all? Watch and find out!   * Listen to Glenn Beck's response on his radio show to this remix video: YouTube via stopbeck.org - http://www.youtube.com/watch?v=FHHByFFSh54  * Better yet check out ikat381's remix of Beck's response using Mickey Mouse: http://www.youtube.com/watch?v=dbjjTLVrkKA  This transformative remix work constitutes a fair-use of any copyrighted material as provided for in section 107 of the US copyright law. "Right Wing Radio Duck" by Jonathan McIntosh is licensed under a Creative Commons BY-NC-SA 3.0 License - permitting non-commercial sharing with attribution.  * Please link back to my website: http://www.rebelliouspixels.com * English captions are now working in case you're not fluent in duck-speak  * Learn about fair-use at the Center for Social Media: http://centerforsocialmedia.org * Learn about transformative works at the OTW: http://transformativeworks.org * Useful Media Matters archive of Glenn Beck clips: http://mediamatters.org/mmtv/  * * * * * * * * * * * * * * * * * * * * Jonathan McIntosh http://www.rebelliouspixels.com * * * * * * * * * * * * * * * * * * * *  List of Cartoons used:  * Window Cleaner - 1940 * Lucky Number - 1951 * Symphony Hour - 1942 (Mickey Mouse Cartoon)  * Put-Put Troubles - 1940 * Donald's Dilemma -19
thinkahol *

Fading optimism in "new normal" America | Analysis & Opinion | - 0 views

blogs.reuters.com/...optimism-in-new-normal-america

Fading optimism in "new normal" America | Analysis & Opinion

shared by thinkahol * on 02 Jan 11 - No Cached
  • thinkahol * on 02 Jan 11
     
    Optimism is so deeply embedded in the American national psyche that it withstood the Great Depression in the 1930s and a string of recessions since then. But in the era some economists call "the new normal" in America, optimism is fading.
thinkahol *

The Forgotten Millions - NYTimes.com - 0 views

www.nytimes.com/...18krugman.html

The Forgotten Millions - NYTimes.com Krugman

shared by thinkahol * on 18 Mar 11 - No Cached
  • thinkahol * on 18 Mar 11
     
    More than three years after we entered the worst economic slump since the 1930s, a strange and disturbing thing has happened to our political discourse: Washington has lost interest in the unemployed.
thinkahol *

The Unwisdom of Elites - NYTimes.com - 0 views

www.nytimes.com/...09krugman.html

The Unwisdom of Elites - NYTimes.com

shared by thinkahol * on 09 May 11 - No Cached
  • thinkahol * on 09 May 11
     
    The past three years have been a disaster for most Western economies. The United States has mass long-term unemployment for the first time since the 1930s. Meanwhile, Europe's single currency is coming apart at the seams. How did it all go so wrong?
thinkahol *

The Pragmatist: Current Economic Depression Requires a Very Thoughtful Default by Next ... - 0 views

pavelpodolyak.blogspot.com/...nomic-depression-requires.html

The Pragmatist: Current Economic Depression Requires a Very Thoughtful Default by Next Election

shared by thinkahol * on 03 Apr 11 - No Cached
  • thinkahol * on 03 Apr 11
     
    The current high debt can only be resolved through a properly timed debt default, controlled bankruptcy, and mass restructuring in order to create: 1) an industrial base for post-default recovery2) aggressive drive to court foreign investment It is highly unlikely that American power elites will be able to successfully restructure while preserving large parts of both the political and economic architecture. That is due to 2009 economic foundations being drastically different than in 1870s, 1930s, or 1950s.
Arabica Robusta

Populism and the enchanted world of 'moderate politics' | openDemocracy - 1 views

www.opendemocracy.net/...0%98moderate-politics%E2%80%99

politics theory populism

shared by Arabica Robusta on 27 Jun 13 - No Cached
  • I essentially question the epistemological flaws surrounding the uses of the notion: when is it safe to call a politician, a political party or movement ‘populist’?
  • The stakes are high because to label someone as ‘populist’ is to imply that s/he is somehow a potential or real enemy of representative democracy. My critic refers to the ‘pernicious effects’ of populism which underlines the notion’s very negative connotation. Let me here reply to Catherine Fieschi’s major criticisms.
  • Cas Mudde, one of the major specialists on the subject, concedes that populism is a ‘thin-centred ideology’.
  • ...6 more annotations...
  • According to Michael Freeden’s ‘morphological analysis’, an ideology has its own ‘ineliminable’ core of values exercising control, with logically and culturally adjacent concepts that are further connected to peripheral concepts.
  • To point out that populism does not have the depth and sophistication of a political ideology is in no way an attempt to suggest that this is a ‘wishy-washy’ notion, even less to ‘to discourage analysts’, let alone ‘to bamboozle democrats’ as Catherine Fieschi alleges. No, it simply means testing the epistemological merits of the notion in order to reveal its heuristic limits.
  • In the 1930s, millions marched behind the banners of Fascism and Communism. Today, no one would die for a populist cause. Populism is no ideology simply because it offers no positive worldview. It is just a means to an end, a device to appeal to the masses.
  • Think for a moment: aren’t those amorphous policies of ‘mainstream’ parties responsible for their rising unpopularity and their decreasing credibility? Why should political scientists uncritically use the media clichés about ‘reasonable moderates’ opposing ‘undemocratic radicals/populists’?
  • It is a fact that populists thrive on ‘wounded’ democracies. But ‘wounded’ democracies are imperfectly run polities, where economic inequalities are dire, and where the elites have often broken their promises. Thus let’s not forget who provoked the ‘democratic fracture’ in the first place. Why do some political scientists seem oblivious to the fact that the ‘moderates’ who let down their electorates are mainly responsible for their own demise?
  • Again, the task of the political scientist should not be to condone or condemn this state of affairs, but to try to understand why people feel so disenfranchised. Consequently, the researcher should tackle and discuss the policies which make those populations suffer. Unfortunately, this is not something which most political scientists seem in the least concerned about. ‘Not to laugh, not to lament, not to detest, but to understand’ said Spinoza. Before looking down on the disoriented and angry voters who fall for the demagogues or dismissing all ‘radicals’ as undisputed ‘populists’, it would indeed be worth pausing for a moment to understand how those agents feel and to ask what they want. Political scientists should also wonder why more and more ‘moderate’ voters no longer believe in the enchanted world of ‘moderate politics’.
Levy Rivers

Tom Watson MP » Blog Archive » Power of Information: New taskforce and speech - 0 views

tom-watson.co.uk/index.php

data leadership phones coverage prime minister taskforce

shared by Levy Rivers on 02 Apr 08 - Cached
  • We commissioned Ed Mayo and Tom Steinberg to write the Power of Information report because we knew that information, presented in the right way, was a potent driver for improving public services and government.
  • Today I am going to offer two arguments that I think compliment the Prime Minister’s recent announcement on public service reform
  • Firstly, that freeing up data will allow us to unlock the talent British entrepreneurs. And secondly, engaging people - using the simple tools that bring them together - will allow the talents of all our people to be applied to the provision of public services.
  • ...20 more annotations...
  • The difference of course is that today we contend with what Richard Saul Wurman describes as a ‘tsunami of data’
  • My job is to make sure that government can benefit from this new thinking too. When we were first elected in 1997 people had a recipient relationship with data, they got what they were given when they were given it. It was static.
  • In scale, the spread of social media is comparable to the spread of telephones in the 1930’s to the 1950’s. Yet it’s happened in two years not 20.
  • As Clay Shirky would say, we’ve reached a point where technology is simple and boring enough to be socially useful and interesting.
  • Over 7 million electronic signatures have been sent, electronically, to the Downing Street petition website. 1 in 10 citizens have emailed the Prime Minister about an issue. The next stage is to enable e-petitioners to connect with each other around particular issues and to link up with policy debates both on and off Government webspace.
  • Only last week, the Prime Minister became the first head of Government in Europe to launch his own channel on Twitter, which I can tell you from experience, is extremely useful to his ministers at least
  • Richard is here tonight and I hope that after the formal proceedings you might like to share some of your own ideas with him. Richard is also joined by a number of other taskforce members. They’re all people with remarkable track records in this field. We’re lucky. The UK has some of the world’s leading talent.
  • And today the PM announced an initiative that would allow you to find your community Bobbies using your postcode.
  • The taskforce will bring its expertise to bare on existing initiatives to see if we can what we already do better
  • I want the taskforce to ensure that the COI and Cabinet Office produce a set of guidelines that adheres to the letter of the law when it comes to the civil service code but also lives within the spirit of the age. I’ll be putting some very draft proposals to the taskforce to consider later this week.
  • By bringing people onto the taskforce with the skills and experiences of people like Sally Russell we can move further and faster in this area.
  • Two weeks ago the Prime Minister signalled that we were moving public services to the next stage of reform. He said that we were not only going to, further enhance choice but also empower both the users of services and all the professionals who deliver them - to drive up standards for all.
  • Transformational government is about wrapping services around the citizen, not citizens around the services.
  • Last month DirectGov had over 7 million visitors. Peter is seeing the aggregate desires of millions of UK public service using citizens. I had half an hour with him a fortnight ago and came away with a dozen ideas as to how we can improve our public services.
  • I’m the Member of Parliament for West Bromwich East and I didn’t know about an important recycling initiative going on in my own patch. This information now means that a bag load of clothing for a small child and a habitat sofa are about given a second chance to give pleasure.
  • And much of that information has the potential to be reused in data mashups. Some of it already is, like Hansard on theyworkforyou, or Google Maps using Ordnance Survey data.
  • The Power of Information Report recognised that, and made recommendations to the Treasury. The Treasury, with the Department for Business, Enterprise and Regulatory Reform, published an independent economic study in the Budget and announced its intention to look at these issues during this spending review cycle.
  • It was this early open source approach that arguably fostered 500 years of Islamic scholarship in important fields like medicine, astronomy, lexicography, literature and science. In contrast, European data was stored in monasteries and did not foster easy knowledge transfer. As Gibbon wrote in the ‘Decline and fall of the Roman empire’ the ‘age of Arabian learning continued about five hundred years’ and was coeval with the darkest and most slothful period of European annals?
  • I believe in the power of mass collaboration. I believe that as James Surowiecki says the many are smarter than the few. I believe that the old hierarchies in which government policy is made are going to change for ever. I said that I don’t believe the post-bureaucratic age argument. It’s just old thinking, laissez faire ideas with a new badge. The future of government is to provide tools for empowerment, not to sit back and hope that laissez-faire adhocracy will suffice.
  • The irony that laying claim to the ownership of a policy on open source was lost to the poor researcher who had spent a day dissecting the speech. He’d been able to do so easily because it was freely available on my blog, a simple tool used for communicating information quickly and at nearly zero cost without the requirement to charge for access. The point is, who cares? It doesn’t matter who has the ideas. It’s what you do with them and how you improve on them that counts.
Sarah Eeee

Income Inequality and the 'Superstar Effect' - NYTimes.com - 0 views

www.nytimes.com/...26excerpt.html

inequality capitalism economics

shared by Sarah Eeee on 27 Dec 10 - No Cached
  • Yet the increasingly outsize rewards accruing to the nation’s elite clutch of superstars threaten to gum up this incentive mechanism. If only a very lucky few can aspire to a big reward, most workers are likely to conclude that it is not worth the effort to try.
  • It is true that the nation grew quite fast as inequality soared over the last three decades. Since 1980, the country’s gross domestic product per person has increased about 69 percent, even as the share of income accruing to the richest 1 percent of the population jumped to 36 percent from 22 percent. But the economy grew even faster — 83 percent per capita — from 1951 to 1980, when inequality declined when measured as the share of national income going to the very top of the population.
  • The cost for this tonic seems to be a drastic decline in Americans’ economic mobility. Since 1980, the weekly wage of the average worker on the factory floor has increased little more than 3 percent, after inflation. The United States is the rich country with the most skewed income distribution. According to the Organization for Economic Cooperation and Development, the average earnings of the richest 10 percent of Americans are 16 times those for the 10 percent at the bottom of the pile. That compares with a multiple of 8 in Britain and 5 in Sweden.
  • ...4 more annotations...
  • Not coincidentally, Americans are less economically mobile than people in other developed countries. There is a 42 percent chance that the son of an American man in the bottom fifth of the income distribution will be stuck in the same economic slot. The equivalent odds for a British man are 30 percent, and 25 percent for a Swede.
  • Just as technology gave pop stars a bigger fan base that could buy their CDs, download their singles and snap up their concert tickets, the combination of information technology and deregulation gave bankers an unprecedented opportunity to reap huge rewards. Investors piled into the top-rated funds that generated the highest returns. Rewards flowed in abundance to the most “productive” financiers, those that took the bigger risks and generated the biggest profits. Finance wasn’t always so richly paid. Financiers had a great time in the early decades of the 20th century: from 1909 to the mid-1930s, they typically made about 50 percent to 60 percent more than workers in other industries. But the stock market collapse of 1929 and the Great Depression changed all that. In 1934, corporate profits in the financial sector shrank to $236 million, one-eighth what they were five years earlier. Wages followed. From 1950 through about 1980, bankers and insurers made only 10 percent more than workers outside of finance, on average.
  • Then, in the 1980s, the Reagan administration unleashed a surge of deregulation. By 1999, the Glass-Steagall Act lay repealed. Banks could commingle with insurance companies at will. Ceilings on interest rates vanished. Banks could open branches anywhere. Unsurprisingly, the most highly educated returned to banking and finance. By 2005, the share of workers in the finance industry with a college education exceeded that of other industries by nearly 20 percentage points. By 2006, pay in the financial sector was again 70 percent higher than wages elsewhere in the private sector. A third of the 2009 Princeton graduates who got jobs after graduation went into finance; 6.3 percent took jobs in government.
  • Then the financial industry blew up, taking out a good chunk of the world economy. Finance will not be tamed by tweaking the way bankers are paid. But bankers’ pay could be structured to discourage wanton risk taking
  • Sarah Eeee on 27 Dec 10
     
    (Part 2 of 2 - see first part below) What impact do the incredible salaries of superstars have on the rest of us? What has changed, technologically and socially, to precipitate these inequities? This article also offers a brief look at the relationship between income inequality and economic growth, comparing the US throughout its history and the US vis a vis several European countries.
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