Saturday, February 2, 2019
Downside of Cultural Homogenization
Roger Cohen notes:
“I think the emptiness produced by watching a rigged globalized system deliver homogenization on a massive scale — one way to think, one way to work, one way to conceive of profit, one way to impose a brand, one way to (not) drink at lunch, one way to eat at your desk, one way to be healthy, one way to deliver a gentrified urban neighborhood — has been underestimated as a source of disruptive fury.”
A Global Perspective on Financial Investment
Norway's $1 Trillion Man Talks Brexit, China and Big Tech
Yngve Slyngstad, CEO of the world's biggest sovereign wealth fund, describes how it invests for his grandchildren's grandchildren
Friday, February 1, 2019
Europe - Interesting Items
Romania, the land of no return by
The Threat of a Eurozone Recession
"Known for
corruption, orphans and Dracula, Romania wants to become a modern nation, but
while its people keep leaving it doesn’t stand a chance."
The rise and fall of Britain’s political
class by
"The all-consuming
obsession with Brexit has prevented the government from addressing the deep
problems that confront the country. It has no time or energy to develop serious
policies on the challenge of artificial intelligence and automation for
traditional jobs, or to address the housing crisis for young people or the
social care crisis for older people. Even if it did, they would be no
legislative time available. For everything but Brexit the country is on
autopilot."
Beyond Brexit: what next for Britain’s model of
democratic capitalism?
The Threat of a Eurozone Recession
Wealth and Politics
How Market Power Worsens Income Inequality
https://promarket.org/how-market-power-worsens-income-inequality/
Reducing Wealth Inequality Through Wealth
Taxes Without Compromising Economic Growth
Taxing Capital/Wealth
Republicans support higher taxes on the super-rich, according to a Fox News survey
Taxing the Wealthy Sounds Easy. It’s Not.
https://www.nytimes.com/2019/02/01/your-money/tax-wealthy.html
Elizabeth Warren’s Wealth Tax on the
Super-Rich Is the Wrong Solution to the Right Problem
http://time.com/5516903/elizabeth-warren-wealth-tax-income-assets/
John Cassidy evaluates Elizabeth Warren’s wealth tax proposal:
“Part of the problem is that other countries have shown that wealth taxes create incentives for rich people to evade them by sheltering or hiding assets, or, in extremis, by emigrating. France and Denmark both got rid of wealth taxes on investments and other non-property assets, partly because they didn’t raise as much money as was hoped. Gabriel Zucman and Emmanuel Saez, two Berkeley economists who provided a detailed assessment of the Warren tax plan, estimate it would raise $2.75 trillion over ten years, which is a very large sum. But Wojciech Kopczuk, an economist at Columbia University who has studied the estate tax extensively, told me that the $2.75 trillion figure is “wildly optimistic.” If Warren’s tax were enacted, Kopczuk said, many wealthy families would divide their wealth among themselves to stay under the fifty-million-dollar threshold, and they would also start shifting their wealth into assets that are hard to value, such as collectibles and privately held businesses.”
US Labor Market Update – January Jobs Report
A Better Way to Think About January’s Jobs Numbers
https://projects.fivethirtyeight.com/jobs-report-growth-unemployment/
Be Wary of Initial Estimates:
December Jobs Figure Revision:
Initial Estimate: 312,000
Revised Figure: 222,000
January Jobs Report:
Initial Estimate: 304,000
Revised Figure: ?
The Euro - Emergence of a Global Currency
The euro: From monetary independence to monetary sovereignty
The Euro’s First 20 Years
As the Euro Turns 20, a Look Back at Who Fared the Best. And Worst.
The EU and Euro Keep Defying the Doomsayers
The euro enters its third decade in need of reform
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