151 Matching Annotations
  1. Last 7 days
    1. It comesafter a couple believes they have achieved a level of financial stability.

      No Scrubs (Official HD Video) by [[TLC]]

      TLC has ensconced the idea of not getting married or even dating if a man doesn't reach a level of financial security.

    1. 2023 wurde mit 55,5 Milliarden Fass Öläquivalent so viel Öl und Gas gefördert wie nie zuvor. 578 Unternehmen arbeiten daran, durch zusätzliche Förderstätten weitere 240 Milliarden Fass zu produzieren, obwohl zur Einhaltung des 1,5 Grad-Ziels keine Förderkapazitäten mehr aufgebaut werden dürfen. Zu den Unternehmen mit den größten Expansionsplänen gehört die an der OMV beteiligte Adnoc. Die Zahlen sind - neben vielen weiteren z.B. zur LNG-Expansion - in der aktualisierten Global Oil & Gas Exit List (Gogel) der NGO Urgewald enthalten https://www.derstandard.at/story/3000000244513/weltweite-oel-und-gasfoerderung-erreichte-2023-ein-allzeithoch

  2. Nov 2024
  3. Oct 2024
    1. 1:02:29 The national debt is a historical record of the cumulative money that a government spent dollars than it took out which were transformed into US Treasuries

    2. 18:59 Warren Mosler 19:49 Government does not need dollars, citizens need dollars 20:18 Warren is not an economist - he is not trying to defend economic theory - he is a financial trader watching the operation of money

    1. Private Equity-Gesellschaften investieren enorme Summen u.a. aus Pensionfonds von Angestellten des Public Service in den USA in Fossilenergien. Pro Jahr werden so 1,17 Gigatonnen CO2-Äquivalente an Emissionen finanziert. Private Equity-Unternehmen agieren intransparent und übernehmen oft schmutzige Assets, die von transparenteren Firmen abgestoßen werden. Eine Studie listet auf, für wieviele Emissionen die große Private Equity-Firmen verantwortlich sind. https://www.theguardian.com/business/2024/oct/01/private-equity-firms-us-pensions-fossil-fuel-projects

  4. Aug 2024
    1. The study analysedindirect dependencies on ecosystem services and concluded that EUR510 billion, or 36% ofthe EUR 1.4 trillion in investments held by Dutch financial institutions, is highly or very highlydependent on one or more ecosystem services.

      for - stats - ecosystem disruption and financial losses study - Dutch investors risk 510 billion EUR or 36% of the Dutch 1.4 trillion EURO investment is at risk

  5. Jun 2024
    1. Dem Global Energy Monitor zufolge sollen in den kommenden Jahren 1,5 Billionen Dollar in LNG Terminals und Pipelines investiert werden. 20% dieser Summe sind für Europa geplant und hier wiederum ein großer Teil für Anlagen in Griechenland. Die USA lobbyieren in Mittel- und Südosteuropa intensiv, um ihr LNG dort zu verkaufen. Der subventionierte Aufbau von Gasinfrastruktur übersteigt den europäischen Bedarf bei weitem. Reportage in der New York Times zum Gasboom in Griechenland. https://www.nytimes.com/2024/05/31/climate/greece-europe-natural-gas-lng.html

  6. May 2024
  7. Apr 2024
  8. Mar 2024
    1. Die Abhängigkeit Europas von russischem Pipelinegas ist in zwei Jahren von 40% auf 10% gesunken. Die Importe von LNG haben um 40% zugenommen, wobei auch da ein erheblicher Anteil aus Russland stammt. Die USA sind der weltgrößte LNG-Exporteur. Mit großer Wahrscheinlichkeit werden bei LNG Überkapazitäten aufgebaut. In Österreich ist die Abhängigkeit von russischem Gas noch immer hoch, weil rein betriebswirtschaftlich entscheiden wird. Die OMV war 2023 verpflichtet, Gas für gut 60 TWh aus Russland zu beziehen und jedenfalls zu bezahlen. https://www.derstandard.at/story/3000000206989/warum-der-abschied-von-russischem-gas-noch-immer-so-schwer-faellt

  9. Feb 2024
  10. Jan 2024
      • for: elephants in the room - financial industry at the heart of the polycrisis, polycrisis - key role of finance industry, Marjorie Kelly, Capitalism crisis, Laura Flanders show, book - Wealth Supremacy - how the Extractive Economy and the Biased Rules of Captialism Drive Today's Crises

      • Summary

        • This talk really emphasizes the need for the Stop Reset Go / Deep Humanity Wealth to Wellth program
        • Interviewee Marjorie Kelly started Business Ethics magainze in 1987 to show the positive side of business After 30 years, she found that it was still tinkering at the edges. Why? - because it wasn't addressing the fundamental issue.
        • Why there hasn't been noticeable change in spite of all these progressive efforts is because we avoided questioning the fundamental assumption that maximizing returns to shareholders and gains to shareholder portfolios is good for people and planet.**** It turns out that it isn't. It's fundamentally bad for civilization and has played a major role in shaping today's polycrisis.
        • Why wealth supremacy is entangled with white supremacy
        • Financial assets are the subject
          • Equity and bonds use to be equal to GDP in the 1950s.
          • Now it's 5 times as much
        • Financial assets extracts too much from common people
        • Question: Families are swimming in debt. Who owns all this financial debt? ...The financial elites do.
      • meme

        • wealth supremacy and white supremacy are entangled
  11. Dec 2023
    1. its easy to get lost in complexity here, but i prefer to keep it simple: our *only* problem is overpopulation, which is caused by pacifism = civilization. *all* other problems are only symptoms of overpopulation. these "financial weapons of mass destruction" (warren buffett) have the only purpose of mass murder = to kill the 95% useless eaters. so yes, this is a "controlled demolition" aka "global suicide cult". most of us will die, but we are happy...

      financial weapons of mass destruction: the useful idiots believe that they can defeat risk (or generally, defeat death) by centralization on a global scale. they want to build a system that is "too big to fail" and which will "live forever". they use all kinds of tricks to make their slaves "feel safe" and "feel happy", while subconsciously, everything is going to hell in the long run. so this is just another version of "stupid and evil people trying to rule the world". hubris comes before the fall, nothing new. their system will never work, but idiots must try... because "fake it till you make it" = constructivism, mind over matter, fantasy defeats reality, ...

      the video and soundtrack are annoying, they add zero value to the monolog.

    1. couldn't that be one way to like quite dramatically Force regime change then if if you could Implement degrowth and kind of trigger a because this is a 00:30:21 a lot of what they talk about as well degrowth Scholars like it's either degrowth a controlled degrowth or an uncontrolled Financial collapse so couldn't that then force a change in the 00:30:32 financial system
      • for,: question - controller degrowth vs financial collapse
  12. Nov 2023
  13. Aug 2023
    1. Americans are increasingly experiencing economic insecurity. According to a recent survey by Bankrate, 6 out of every 10 of us don’t even have $500 in the bank.
      • for: precarity, inequality, United States - poverty, no savings, financial crisis
      • quote
      • stats
        • 6 out of every 10 American interviewed said they did not have $500 savings in the bank
      • source
        • Bankrate 6 survey
    1. Der Guardian hat Fachleute zu Carbon Capture and Storage (CCS) befragt. Die britische Regierung legitimiert neue Öl- und Gasbohrlizenzen mit gleichzeitigen CCS-Projekten. Einige Experten sind nach ersten Erfahrungen sehr skeptisch, was die grundsätzliche Realisierbarkeit von CCS an vielen Stellen der Erde angeht. CCS werde vor allem zur Dekarbonisierung von Industrien gebraucht werden, die bisher nicht CO<sub>2</sub>-frei betrieben werden können, es sei aber keine Rechtfertigung für neue fossile Entwicklungsprojekte. https://www.theguardian.com/environment/2023/aug/01/is-carbon-capture-and-storage-really-a-silver-bullet-for-the-climate-crisis

  14. Jul 2023
    1. We see virtually no prospect that the Wall Street system will transform itself from within. Change depends on citizen’s working from outside the establishment to create from the bottom up a New Economy based on new values and institutions.
      • quote
        • "We see virtually no prospect that the Wall Street system will transform itself from within.
        • Change depends on citizen’s working from outside the establishment
          • to create from the bottom up a New Economy based on new values and institutions."
      • Author
        • David Korten
  15. Apr 2023
    1. Link to: https://hypothes.is/a/lV19ytGBEe2ynWMu34UKUg

      This depreciation is done at the lowest level of exchange and caused the system to collapse rather quickly. What level is our current exchange done at such that the inequalities are pushed up multiple levels making the system seem more stable? How is instability introduced? How could it be minimized?

      Our current system is valued both by time and skill (using the measure of payment per hour).

      Compare this with salespeople who are paid on commission rather than on an hourly basis. They are then using their skill of sales ability and balancing time (and levels of chance) to create their outcomes, but at the same time, some of their work is built on the platform that sales management or the company provides. Who builds this and how do they get paid for it? Who provides sales leads? How is this calculated into the system costs?

      How do these ideas fit into the Bullshit Jobs thesis?

    2. Tradesmen, too, were quick to see that the exchange might be worked to their advantage; they brought unsaleable stock from their shops, exchanged it for labour notes, and then picked out the best of the saleable articles. Consequently the labour notes began to depreciate; trouble also arose with the proprietors of the premises, and the experiment came to an untimely end early in 1834.

      The labour exchange at Gray's Inn Road which began on September 3, 1832, which was based on Robert Owen's idea in The Crisis (June 1832), eventually collapsed in 1834 as the result of Greshham's Law in which "bad money drives out good." In this case, rather than money the object was the relative value of goods which were exchanged based on Labour notes. Labour notes were used to exchange unsaleable stock in shops for labour notes which were then used to purchase more valuable goods. This caused depreciation of the labor notes ultimately causing the experiment to collapse in 1834.

  16. Jan 2023
    1. "The Great Crypto Scam." James Jani, Jan 1, 2023

      Bitcoin to Blockchains, to NFTs, to Web 3.0... it's time to find out if it's really all the hype or just part of one of the greatest scams in human history.

      Original video: https://youtu.be/ORdWE_ffirg

  17. Nov 2022
    1. This circular process of issuing new shares to employees and then buying those shares back with company money – MY money as a shareholder – is called ‘sterilization’.

      Definition of stock “sterilization“

  18. Sep 2022
    1. This point may not appeal as much to liberal sensibilities, but any serious conversation of this study, or upward mobility generally, has to begin with the state of the two-parent family in America.

      This seems to fall back on the trope of "two-parent families are the natural state" when in reality, since the late 80's one's chances are better with a two-parent, two-income family which provides far greater stability. His argument here is conflating multiple complex items, an issue he takes with Gladwell himself.

      Why not peel apart this two-parent claim the same way? I suspect he may be nodding to the single-earner two-parent mode, but how prevalent is this in American culture now? What other pieces also underpin this? And is it different by state, by race, by culture, etc.

    1. We will also examine wealth inequality. This is analogous toincome inequality but is looking at the distribution of economic assets ratherthan income. Net worth refers to all of one’s assets minus all of one’s debts.Financial wealth is exactly the same but does not include the equity that onehas built up in a home.6

      compare with income inequality: https://hypothes.is/a/_JLGuj3HEe2dJFdOJRcvaQ

    1. As the financial system went global [in the 1980s], so competitionbetween financial centres – chiefly London and New York – took itscoercive toll . . . if the regulatory regime in London was less strict thanthat of the US, then the branches [of international banks] in the City ofLondon got the business rather than Wall Street. As lucrative businessnaturally flowed to wherever the regulatory regime was laxest, so thepolitical pressure on the regulators to look the other way mounted.3

      !- example : DGC - 2008 financial crisis included competition between London and New York

    1. Fraud is an unavoidable part of commerce in a society that values any sort of lower friction transactions. Companies accept differing amounts of fraud depending on the nature of the business. Fraud prevention and punishment is more external to government than other types of crime.

  19. Aug 2022
    1. John Bye [@_johnbye]. (2021, October 6). The new covid sceptic All Party Parliamentary Group on Pandemic Response and Recovery is backed by Gupta and Heneghan’s Collateral Global to the tune of over £30,000. £5,000 in financial benefits plus £25,501—£27,000 benefits in kind (CG is acting as their secretariat). Https://t.co/qll20Sg9aA [Tweet]. Twitter. https://twitter.com/_johnbye/status/1445867760819396608

    1. With few exceptions, most market democracies have recovered from the 2008 financial crisis. But the public has not recovered from the shock of watching supposed experts and politicians, the people who posed as the wise pilots of our prosperity, sound and act totally clueless while the economy burned. In the past, when the elites controlled the flow of information, the financial collapse might have been portrayed as a sort of natural disaster, a tragedy we should unify around our leadership to overcome. By 2008, that was already impossible. The networked public perceived the crisis (rightly, I think) as a failure of government and of the expert elites.

      Martin Gurri argues that had the financial crisis of 2008 happened in the 20th century, the elites, through their control of the flow of information, might have portrayed it as a natural disaster we should rally around our leadership to overcome. But with the advent of the internet, we got the "networked public", and the elites and government lost their monopoly on information.

  20. May 2022
  21. Apr 2022
    1. Builds on previous research Robust spreadsheet modelling techniques • design principles • modularity • quality controls and diagnostics • version control • formulae conventions • format conventions • logical thought. This list is complemented by additional skills including: • understanding and applying complex financial principles to models and demonstrating that experience • understanding the implications of risk and can model for this • ability to communicate and work with people from various business functions • ability to manage a project • capable of interpreting the results of the models and presenting them to a wide audience that includes bank, investors, senior staff and the public, and • bound by some code of ethics, which does not mean the modeller must have an accounting background but has followed some professional training route in the past. (Avon 2013, p. 447)

      Skills required to be a successful financial modeler.

  22. Mar 2022
  23. Feb 2022
  24. Jan 2022
  25. Dec 2021
  26. Nov 2021
  27. Aug 2021
  28. Jul 2021
    1. BlackRock employs a stable of former policymakers, underscoring the importance the company occupies in both financial and policymaking ecosystems, in something akin to a shadow government entity.[157] Good government groups have documented 118 examples of “revolving door” activity by the company—cases in which a government official joined BlackRock’s roster, or vice versa.[158] In one particularly troubling example of how Washington’s revolving door operates, in 2017, a former BlackRock executive was put in charge of reviewing the FSOC’s work for the Treasury Department.[159] Unsurprisingly, the Department’s conclusion was that FSOC should “prioritize its efforts to address risks to financial stability through a process that emphasizes an activities-based or industry-wide approach,” the company’s preferred position.[160] This conclusion all but ensures that BlackRock will not be designated for greater regulation by the FSOC under the Trump administration.

      To Big To Fail? Above The Law? Shadow Government?

      The term "shadow government" comes up often when investigating Revolving Door partnerships between corporations and former government policymakers. One particular public corporation, BlackRock Investments is the poster child of revolving door activity and comparisons to a shadow government.

      BlackRock is front and center in the manipulation of todays Real Estate bubble.

      BlackRock should be marketed as;*The Largest Asset Manager and Keeper of The Neo-liberal Flame; We Kill Children to Make You Money and We Enjoy Doing It!*

  29. Jun 2021
    1. Mike: Because this is the reason that I moved, my dad was telling me that rent was one thing, but he was just telling the landlord that he knew to charge me extra. He was telling me it was 3,500, but the landlord was keeping 2,500 and giving him 1,000 of it. And I had found out, because the own landlord lady told me, and I had to move and I had to lose my job.

      Return to Mexico, Challenges, Economic well being

    2. Mike: Sometimes you'd go to school, sometimes you wouldn't. It just depended on if you had money or if there was food on the table. But I got used to it. There's just only so much crying you could do basically until you're like, "You know what? You just got to have that solid heart so nothing can hurt you."

      Time in the US, Family, Jobs

  30. May 2021
  31. Apr 2021
  32. Mar 2021
    1. The urgent argument for turning any company into a software company is the growing availability of data, both inside and outside the enterprise. Specifically, the implications of so-called “big data”—the aggregation and analysis of massive data sets, especially mobile

      Every company is described by a set of data, financial and other operational metrics, next to message exchange and paper documents. What else we find that contributes to the simulacrum of an economic narrative will undeniably be constrained by the constitutive forces of its source data.

  33. Feb 2021
    1. And essentially, we became what’s called a rent-seeking economy, not a productive economy. So, when people in Washington talk about American capitalism versus Chinese socialism this is confusing the issue. What kind of capitalism are we talking about?

      What kind of capitalism are we talking about?

      We are starting to see critical thinking and discussion around "hard" but necessary truths. These truths center around complicated concepts, controlled by politicians, MSM and others who would rather not have this discussion. America's general population seems lost, gorging on the dumb-down need to know culture (those that have and can dictate what the rest need to know) and group think, herd mentality.

    1. Considering Canonical has pulled resources from this project, the path for continued third-party development of Unity will not be easy. It is my hope that they are successful and can become another shining example of the power of forking, like the MATE project.
  34. Jan 2021
  35. Dec 2020
  36. Oct 2020
  37. www.brooklyn.cuny.edu www.brooklyn.cuny.edu
    1. Student Emergency Assistance Fund

      Important information for students

    1. As Matt Taibbi observed way back in 2009 in the midst of the previous bailout, “By creating an urgent crisis that can only be solved by those fluent in a language too complex for ordinary people to understand, the Wall Street crowd has turned the vast majority of Americans into non-participants in their own political future. There is a reason it used to be a crime in the Confederate states to teach a slave to read: Literacy is power. In the age of CDS [credit-default swap] and CDO [collateralized-debt obligation], most of us are financial illiterates. By making an already too-complex economy even more complex, Wall Street has used the [2008] crisis to effect a historic, revolutionary change in our political system – transforming a democracy into a two-tiered state, one with plugged-in financial bureaucrats above and clueless customers below.” [10]

      Great quote.

  38. Sep 2020
    1. Hanna Rosin of The Atlantic argues that prosperity theology contributed to the housing bubble that caused the late-2000s financial crisis. She maintains that prosperity churches heavily emphasized home ownership based on reliance on divine financial intervention that led to unwise choices based on actual financial ability.[36]

      This is a fascinating theory. I wonder how well it plays out for evidence?

  39. Aug 2020
  40. Jul 2020
  41. Jun 2020
    1. Services to Expats in India

      Looking for financial advice services for expats taxation in India? We have qualified advisers in India who can help and advise to expats.

    1. Services to SA Expats in the UK

      Looking for financial advice services for South African expats in UK? We have qualified advisers both here in UK and SA who can help and advise to SA expats.

    1. Services to SA Expats in the USA

      Looking for financial services for South African expats in USA? We have qualified advisers both here in the USA and back in SA who can help and advise

    1. Services to UK Expats in Australia

      If you're british expats in Australia and need good, reliable and credible cross border financial planning & UK expats tax advice, Alexander Beard Group can help you!

    1. Individual Financial Planning

      Alexander Beard Group - Financial advisor for individuals, we use a variety of approaches to ensure that your individual financial planning requirements are comprehensively met.

    1. We are an international financial and emigration services organisation

      Alexander Beard Group - International financial emigration services organisation, from life insurance, pensions to investment, we can help you in South Africa, USA, UK & France

  42. May 2020
  43. Apr 2020
  44. Feb 2020
    1. which they estimate to be $230,000 per year.

      There is some good discussion on HN about the realistic nature of this estimated expense and how it is not likely out-of-line with what it should be and may actually be quite reasonable.

      https://news.ycombinator.com/item?id=22317244

  45. Dec 2019
    1. More volatile underlying assets will translate to higher options premiums, because with volatility there is a greater probability that the options will end up in-the-money at expiration.

      That's interesting

    1. The option is European and can only be exercised at expiration.No dividends are paid out during the life of the option.Markets are efficient (i.e., market movements cannot be predicted).There are no transaction costs in buying the option.The risk-free rate and volatility of the underlying are known and constant.The returns on the underlying are normally distributed.

      Some of the assumptions underlying the Black-Scholes model. Do these limit its realism and predictive power?

  46. Sep 2019
  47. Jun 2019
    1. To keep recession away, the Federal Reserve lowered the Federal funds rate 11 times - from 6.5% in May 2000 to 1.75% in December 2001 - creating a flood of liquidity in the economy. Cheap money, once out of the bottle, always looks to be taken for a ride. It found easy prey in restless bankers—and even more restless borrowers who had no income, no job and no assets. These subprime borrowers wanted to realize their life's dream of acquiring a home. For them, holding the hands of a willing banker was a new ray of hope. More home loans, more home buyers, more appreciation in home prices. It wasn't long before things started to move just as the cheap money wanted them to.
  48. Apr 2019
  49. Nov 2018
    1. Medical groups, managed care organizations, or, most commonly, hospitals often find it attractive to support hospitalist programs. If hospitalists improve quality, shorten lengths of stay, and decrease costs while satisfying patients and other providers, the return on these organizations' investments in hospitalist programs is highly favorable. Over time, it will be critical that professional fee reimbursement rates be adjusted so that a sustainable hospitalist workload creates sufficient income to support a full salary.
  50. Aug 2017
    1. To conclude, the possibility of receiving a loan increases based on our experience. In some cases, we have even seen a drop in the interest rate. This results in more people receiving access to credit with a better interest rate thanks to increase of scoring model accuracy. We believe that designing systems from the start in discrimination-conscious way will reduce the risk of machine-learning algorithms introducing unintentional bias much like humans do. This should avoid the moral problem of discrimination. In addition, requiring drivers to pass an eye test discriminates against the blind, but eyesight is quite essential to safely drive a car. As the last exclusion is justified then loaning to people who are not creditworthy should be an acceptable exclusion as well.
    2. big data scoring credit score financial inclusion

    1. real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.

      Real interest rate = interest rate - inflation

  51. May 2017
  52. Jan 2016
  53. Oct 2015
    1. A ‘Financial Katrina’ is unfolding, which conveniently (for the developers) threatens to wipe out low-income neighbourhoods on potentially high-value land in many inner-city areas far more effectively and speedily than could be achieved through emi-nent domain.

      unplanned change that will allow the government to overcome initial resistance