Oxfam said that the wealth of the poorest 50% dropped by 41% between 2010 and 2015, despite an increase in the global population of 400m. In the same period, the wealth of the richest 62 people increased by $500bn (£350bn) to $1.76tn. Mark Goldring, the Oxfam GB chief executive, said: “It is simply unacceptable that […]
Financial meltdown
When your microwave becomes your new bank…
If you are born before the year 2000 you grew up with one rule: save money and earn interest. Especially our German fellows are very committed to saving money in ordinary savings accounts. They stashed away €2 trillion or 55% of GDP, in ordinary bank savings and term deposits. The krauts are saying no to […]
This is the last thing you will see when the world ends – on CNN
No it is not the president of the United States, no it is not a sleazy CNN spokesperson, it is this silly video an intern found in the CNN archives and posted online. What a sad & depressing ending if you ask me. Happy new year BTW. Hope you all will have a nice 2015 […]
You be suprised what Apple Inc. greatest invention is…
Its not the iPhone, iPad or iTunes. No. Apple invented a tax-avoidance scheme known as the “Double Irish With A Dutch Sandwich,” which is now used by hundreds of other companies. Read this excellent article in the New York Times about how Apple is “avoiding” paying taxes via legal financial engineering. From the article: ” […]
Inequality Exposed
I have read several good article about income inequality. They are all discussing a new book by Thomas Piketty (Professor at the Paris School of Economics) with the title: Capital in the Twenty-First Century I work with data all day and his analysis of a century of (income) data makes it very clear what we […]
James Turk: We’re Living Within A Money Bubble of Epic Proportion
James Turk believes the time we live in now will be studied by future historians for generations to come. Just as we today marvel at the collective madness that resulted in the South Sea and Dutch tulip manias, our age will be known as the era when society lost sight of what money really is. […]
Interview: Paxman vs Brand
Russel Brand is an English comedian, actor, radio host, and author. This interview is funny and inspiring. Russel says: “People in the first time of a generation are aware of a massive corporate and economic exploitation.” See the interview for more statements. More Russel Brand below. My favorite quote from the video: “The only reality that […]
Inequality – some recent comments from the pope, Obama & Paul Krugman
First watch this video, a discussion between Paul Krugman (Professor of Economics and International Affairs at Princeton University, a 2008 Nobel laureate, and an Op-Ed columnist for the New York Times) and Sir Tony Atkinson, Professor of Economics at the University of Oxford, Then read this very powerful statement of the pope about inequality here. Some for the […]
Banks, Greed and selfies
Recently, banks got a huge fine of Euro 1.7 billion for the libor scandal/ fraud/ manipulations. If you do not know what the LIBOR (London Interbank Offered Rate) is – it is the inter bank interest rate hat is charged between banks. My own bank was also involved in the scandal and got a fine […]
The Hunger Games are real
Visit http://oddsinourfavor.org/ and join the resistance. Who controls the narrative? The rich and powerful tell us that if we put our heads down and work hard, we can overcome the odds and join the ranks of the victors — the wealthy and privileged few. However, it’s increasingly clear that the game is rigged, and that we have […]