Analysis Topic: Politics & Social Trends
The analysis published under this topic are as follows.
Friday, July 03, 2015
Xi’s Anti-Corruption Campaign Is Key to China’s Prospects / Politics / China
By: John_Mauldin
George Magnus is one of the most influential economists in the world today. From his position as chief economist at UBS for a number of years, he enjoyed a front-row seat to growth miracles, credit booms, and financial crises in major economies around the world and is widely credited with identifying the trigger points that eventually led to the global financial crisis in 2008.
Today, he works as an associate at Oxford University’s China Center, a senior economic adviser at UBS, and an independent economic consultant to governments and private investors who can afford his limited time.
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Friday, July 03, 2015
Greece Bank Run - “It Could Never Happen Here” / Politics / Credit Crisis 2015
By: Casey_Research
By Jared Dillian
I was watching the 6 o’clock news and saw images of closed banks in Greece and people lined up at ATMs. I’m sure you did, too.
This must seem surreal to most people because it seems so remote. But put yourself in these people’s shoes for a second. You have money in the bank. Suddenly you can’t get to it. After standing in long lines, you can only get 60 euros at a time, which isn’t going to last you very long.
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Friday, July 03, 2015
It Takes A Village - Avoid Hungry Dragons! / Politics / Social Issues
By: DeviantInvestor
This is a short story. It has a purpose. Bear with me.
A long time ago and far, far away there was a village that was occasionally raided by outlaws who took food, jewels, and women. The villagers were understandably angry but could do little to protect themselves.
One day a large and fearsome dragon landed in the village square. After negotiating with the Mayor, the dragon agreed to protect the village in return for food.
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Thursday, July 02, 2015
Varoufakis´ Game Theory Mistake, and Why he was Wrong / Politics / Eurozone Debt Crisis
By: Atlantic_Perspective
The Greek finance minister is supposed to be a master in the Game Theory. But like all other theories, the Game Theory is based on assumptions. And Varoufakis got his assumptions wrong. In this short article we explain why.
The whole Greek strategy has been based on the assumption that “if we default, Europe is screwed”. Is it? No.
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Thursday, July 02, 2015
Greece's Varoufakis: I will Resign if there's a 'Yes' Vote / Politics / Eurozone Debt Crisis
By: Bloomberg
Greek Finance Minister Yanis Varoufakis told Bloomberg Television's Guy Johnson that he'll quit if Greece votes to accept creditors' bailout proposals in Sunday's referendum.
Johnson directly asked him "If there's a yes vote come Monday night, you will not be Finance Minister" and Varaufakis responded: "I will not."
Varoufakis also said that he would "prefer to cut my arm off" than sign a deal that fails to restructure Greece's debt.
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Thursday, July 02, 2015
The Power of Ideas for the Fiat Age / Politics / Fiat Currency
By: Tom_Naysburn
In every aspect of daily life people are searching for the best arguments; where to buy the cheapest and best quality washing powder, or internet provider, or car insurance or gym membership or whatever. The list of possibilities is infinite. People also like to acquire the best arguments, covet them and use them for personal gain, mostly without the consent of the owner. This is merely human nature, as the desire for intelligence sets us apart from the animals. If you don't believe me just consider the billions spent worldwide by intelligence agencies of various countries to obtain the arguments that others do not have.
Thursday, July 02, 2015
Greece's Referendum / Politics / Eurozone Debt Crisis
By: Alasdair_Macleod
This coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving the euro. It is about accepting or rejecting the troika's bail-out terms.
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Thursday, July 02, 2015
Greek Marxists vs. the IMF / Politics / Eurozone Debt Crisis
By: Steve_H_Hanke
With the failure of the Greek government to make a scheduled payment to the International Monetary Fund (IMF), we have moved from high drama to low farce. The Marxists who are running the show in Athens have scored a first: Greece is the first so-called advanced economy to miss an IMF payment in the Fund's 71-year history.
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Thursday, July 02, 2015
The Greek Stress Test & The Reality Of Incremental Changes / Politics / Eurozone Debt Crisis
By: Dan_Amerman
With the Greek banks closing, capital controls being imposed, and the unwillingness of the European Central Bank to expand its emergency liquidity assistance program - the stability of the global financial system is officially in play. Nothing is set in stone yet, but a looming Greek default and potential economic catastrophe in Greece is setting elements into motion on a global basis that have the ability to impact many things.
Wednesday, July 01, 2015
Greek Referendum on IMF Ultimatum / Politics / Eurozone Debt Crisis
By: BATR
This is a test. Will the internationalist banksters force extraction of their ill-gotten interest payments to bail out their reckless derivative trades gone wrong, or will a sovereign country abandon the chains of financial elite coercion and renounce their IMF and ECB debt? Make no mistake about it, Greece has lived high on the hog for decades and has serious internal problems. There is no free ride. However, the pain from the coming default is necessary to shed the yoke of a failed European Union construct.
Wednesday, July 01, 2015
Definitive Solution to the Greek Crisis / Politics / Eurozone Debt Crisis
By: Submissions
Atlantic Perspective writes: Most of the commentary on the Greek situation has focused on whether Greece should leave or stay in the Eurozone, and the dire consequences for Greece and the world´s financial markets should Greece default.
But has anyone come up with a credible solution? We believe we have one.
Before laying down the proposal, we need to check a few critical facts:
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Wednesday, July 01, 2015
Europe’s Controlled Demolition / Politics / Euro-Zone
By: Raul_I_Meijer
I have plenty to say on the topic of this essay. But the most important thing I think is that I know the EU is blowing up itself by trying to exert far too much influence on the very member nations that made its existence possible. Brussels is a blind city. To see it blowing itself to smithereens makes me very happy.
The flipside is that it will take a lot of pain, and probably even the very wars the EU was originally founded to prevent, to figuratively burn it to the ground. But that, if you’ll alow me, is for another day:
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Wednesday, July 01, 2015
Athens Mayor: Greek Government Should Resign / Politics / Eurozone Debt Crisis
By: Bloomberg
Athens Mayor George Kaminis spoke with Bloomberg Television's Erik Schatzker who is reporting from Athens. He discussed the Greek debt crisis and the likelihood of the country staying in the euro zone.
On the Greek government, Mayor Kaminis said: "I think they should resign...The government, if it loses this vote -- that means it has lost the confidence of the people, and I think they will understand it. So I think that the more natural development will be to have elections, general elections."
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Tuesday, June 30, 2015
Beyond the Greek Impasse / Politics / Eurozone Debt Crisis
By: STRATFOR
George Friedman writes: The Greek situation — having perhaps outlived the term "crisis," now that it has taken so long to unfold — appears to have finally reached its terminal point. This is, of course, an illusion: It has been at its terminal point for a long time.
The terminal point is the juncture where neither the Greeks nor the Germans can make any more concessions. In Greece itself, the terminal point is long past. Unemployment is at 26 percent, and more than 50 percent of youths under 25 are unemployed. Slashed wages, particularly in the state sector, affecting professions including physicians and engineers, have led to massive underemployment. Meanwhile, most new economic activity is occurring in the untaxable illegal markets. The Greeks owe money to EU institutions and the International Monetary Fund, all of which acquired bad Greek debts from banks that initially lent funds to Greece in order to stabilize its banking sector. No one ever really thought the Greeks could pay back these loans.
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Monday, June 29, 2015
Obamacare's Best Allies: The Courts and the Republicans / Politics / US Politics
By: Dr_Ron_Paul
By ruling for the government in the case of King v. Burwell, the Supreme Court once again tied itself into rhetorical and logical knots to defend Obamacare. In King, the court disregarded Obamacare's clear language regarding eligibility for federal health care subsides, on the grounds that enforcing the statute as written would cause havoc in the marketplace. The court found that Congress could not have intended this result and that the court needed to uphold Congress's mythical intention and ignore Obamacare's actual language.
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Sunday, June 28, 2015
I Fear The Greeks, Even When They Bring Gifts / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Just another normal morning at the Automatic Earth. Shaking off the local drink – when in Rome.. – and perusing a thousand views and pieces, many on the inevitable topic of ‘Da Referendum’. And I got to say, I can’t even tell whether it’s just me, but there is this huge divide between what a simple vote can and should be, and how it is perceived and presented.
Saturday, June 27, 2015
Greece Crisis OXI / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
While many voices will be seeking to define the precise terms of the referendum announced last night by Alexis Tsipras for July 5, I think perhaps the general gist is more important. It’ll be a vote between being governed by Tsipras, and Greeks in general, on the one hand, and being governed by Germany, the ECB and IMF on the other. “Who do you want to decide your future?”
And the Greek population will have to understand that voting to go with the latter, voting yes to the troika proposals, will mean there will be no getting out of the stranglehold of the institutions, there will be no more sovereignty, and there will be far more severe austerity, all for years to come. All that must be caught in the exact wording of the referendum question, but what lies underneath is what really counts.
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Friday, June 26, 2015
EU Migration Crisis Solution - Settle Migrants in Depopulated Eastern Europe, Hungary, Poland, Slovakia / Politics / European Union
By: Nadeem_Walayat
Over 1 million people will succeed in their attempts to migrate to the European Union this year alone (2015), where whilst first port of call is Spain, Italy, France, and Greece, who soon funnel migrants northwards to the UK, Germany, Netherlands etc.
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Friday, June 26, 2015
Greece - The People Must Be Overthrown / Politics / Euro-Zone
By: Raul_I_Meijer
Perhaps I should apologize for writing about Greece all the time. Thing is, not only have I just arrived in Athens last night (and been duly showered in ouzo), but Greece is the proverbial early harbinger of everything that’s wrong with the world (not to worry, I know that’s a hyperbole), and of everything that could be done about it.
That places a responsibility on the shoulders of Syriza leader Alexis Tsipras and his team that maybe they don’t want, and for all I know don’t deserve either. But they’re all we have, and besides, they’re all their own people have. In that sense, this is not about everything that’s wrong with the world, other than that’s the same as everything that’s wrong with Greece.
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Friday, June 26, 2015
How Companies Are Using PIP To Humiliate and Get Rid of Workers / Politics / Employment
By: EconMatters
In my last two posts, I talked about why hiring now takes longer and how some companies use interview to score free consult from job applicants, today I'd like to discuss the increasing popularity of PIP. This is not your forex trading pip, PIP in the corporate lingo means Performance Improvement Plan.