The Global Autumn Revolution has according to AdBusters started at Wall Street. AdBusters and the demonstrators gets sympathy much because of a common sense of crisis – common to almost everyone in the US. The Occupy Wall street movement inspire and engage people – especially the children of the flower power generation I belive.
These “kids” grew up with hippie moms and dads in the 70s and have tremendous high self-esteem without necessarily a well thought plan for clarifying the strategic goal for a future collective vision. It seems like One step at a time is their tactic. Here is a an example on what have been megaphoned out at Wall Street this week (I dare you: watch the live stream).
” I just want to say that we wanna shut down Wall Street and.. like.. make a new system thats better and appreciate quality for us all, and that we also have to learn how to live with bless… and also keep protesting against consumerism!”
WTF quality?! Can you dig it? Or is this just a quasi hippie 2.0 hype – without any pervasive content and a lack of reality perception? Why not demand increased spendings on research technology and proactive, sustainable investments.
Anyway it’s nice to see that it’s possible to share wants and needs honestly in a safe manner – unlike the London riots in August. The message from Trechinsky is: DO NOT BE AN UNCONSCIOUS CONSUMER and never go full retard.
Reklamefilmen til den greske merkevaren Jumbo Chips sprer seg som ild i tørt gress. Til slutt vinner værelsespiken tvisten om chipsposene. Ikke noe smalhans han Kahn, smakfult!
Academic economists dislike criticism just as much as the medieval clergy encouraged reflection on the geocentric model. That said, the similarity between the old church faith in God and the economists struggle to reconcile seems to be exaggerated. Economics is a well-developed academic area and evolves with a sound balance between theory and empiricism.
The clear intention to budgeting processes’ is to create understanding across the organization and ensure that the management has control over all divisions and units. But in many settings the budgeting process also contribute to a rigid, stifling bureaucracy – this is also highly relevant in the public sector.
Three well known drawbacks:
■ budgets are unable to deal with changing environments (e.g. financial panics and recessions) and most budget assumptions are outdated within 3–6 months
■ budgets can lead to undesirable and dysfunctional behavior at all levels in the organization. (Moral hazard and conflict of interest. E.g. participants that try to negotiate as low targets as possible for achieving the highest possible bonus, or participants that always spend all of the resources allocated even if it’s a waste of money.)
■ it’s a time-consuming process, requiring a lot of resources at the expense of value-added activities
One of the dynamic alternative to the old, cumbersome system is Beyond Budgeting – this model of governance and economic management is partly based on the need for decentralized decision making. The traditionalbudgetfunction will still be used by the CEOs (top management) but further down the hierarchy
the business control is ensured by use of Key Performance Indicators (KPI) and benchmarking against competitors. Some KPIs are determined by the board, while departments in some degree can customize other indicators that are relevant. They can be traditional financial goals or more subjective measures such as an index of satisfaction among employees. Four important tools and advantages:
■ Beyond Budgeting’s dynamic resource allocation
■ The use of determinate targeting in Beyond Budgeting
■ Holistic performance evaluation
■ Forecasting (traditional budgets is an illusion of control)
Budgets are often sent back and forth many times, departments speculate to overstate costs or transfer income between periods budgeted to meet the established goals. Without the budgets many of these moral hazards that arise between management and the board are avoided, and all along the management hierarchy. Beyond Budgeting also provide a substantial gain by liberating skilled workers from the tyranny of budget, skilled professionals should spend their time on what they do well, not trying to get their schedules to fit into an artificial budget plan.
Beyond Budgeting success in an organization depends on mature, professional and able employees who both can and want to accept responsibility. The transition is entirely dependent on mutual trust and respect within the hierarchy. This will in turn increases the overall quality of the bureaucracy and Financial Management – unlike the transition from paganism to Christianity.
Give salute to Tromsø’s senior electronica avant-garde. The girls in the music video are however very clean and neat after a supposedly tough revolt, no shortage of makeup and washing powder – protected areas obviously…
Freak Account, oder der wahnsinnigekonto. Great, hilarious entertainment between friends
If a friend of you interact with a freak when you are enjoying yourself on a bar, pub or nightclub it can be credited on his freak account. The one who has the first contact with the freak is “guilty”. So if you accidentally, or maybe have a freak magnetic phenomena property, starts speaking with a freak – it´s bad for your freak account. The freak is a freak if no one among your friends know her and she is just annoying, ugly and nasty.
Keep your accounting meticulous up to date, because the one who has the most freak projection results per year has to buy a night out for all players and dringen the first freak attacker in the new year – even if it’s rape.
The great promises of economic growth and prosperity ended in tragedy. On the 6th of March 2010 there will be held a referendum in Iceland over the repayment of 3.8 billion Euro.
Iceland has previously scored well on the index of Economic Freedom (Wall Street Journal, 2004—2008), the countries at the bottom of this list are North Korea and Iran. The financial deregulations in Iceland provided fertile ground for three fast growing banks which ran a banking industry of international size. The rapid growth of these international banks was solely based on credit provision. Beside the banking regulation a favorable tax system, rate of duty, monetary policies and the rule of law made the island a attractive place for investors.
Fig. 1: ISE development 1998—2009 (Wikimedia)
The Icelandic banks operated with high deposit rates and while foreign bank customers (English mostly) made deposits to Icelandic saving accounts (2004—2008), the conditions for those lending money in Iceland was pretty uncontrolled. (Apropos: a bit similar to the huge and famous subprime market in the United States.) In the mid-2000s Glitnir, one of the three major Icelandic banks, lent millions of krónur to12 year olds so they could invest in shares on the Stock Exchange. In 2006 two of the CEOs in the Icelandic bank Kaupthing was paid 70 million each in salary and bonuses.
Fig. 2: Exchange rate, Krónur in US Dollar 2006—2009 (KitCron)
According to the OECD the three largest banks in Iceland had evolved to have assets (domestically), in relation to the country’s GDP, bigger than the indicator for the Swiss bank industry — an increase of 500 % since 2003. Shortly before the collapse in 2008 the size of the Icelandic banking system had grown to 10 times the country’s GDP.
Hopefully the fish in the sea, aluminium production,ferrosilicon, favorable loans from friendly neighbors, financial rescue packages and the IMF will help Iceland out of the potential deep economic recession.
This reactionary writer and poet has found his niche in an incredible tough market.
Despite the relatively unsuccessful book launch of the novel “Lord of the Dwarfs”, on the GroenLeeFTP-server in 2005, the soundtrack from the launching tour is Iceleaf’s most downloaded mp3!
Mr. Mandrake uses the pseudonym “Bernaard” when he conjures his extraordinary new art “Philosophische dildo”.
-This peace expresses the essentialism and existentialism of a human being in the beginning of the 21th century – it underlines the importance of acting cool, feeling great and living on the edge. States Bernaard Philosophicaly, in his state of nature (see the promotional poster), at the press conference earlier today.
The debt situation in both the United States and other OECD Countries are analyzed, and today most economists agree that a “credit squeeze” is the most suitable word to describe last year’s outbreak of financial crisis. Source: http://stats.oecd.org
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The historical comparison is relevant. The Credit Market in the hegemonic U.S. has never been greater in relation to the economy than today – even compared with the 1930′s.
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Today the total Credit Market in U.S. is almost four times the size of GDP. Lately this growth has been increased by the U.S. governments billions of dollars in rescue packages.
Goliat, the new Norwegian 3-billion € oil project, has been approved by Parliament. Traditionaly Goliat (or Goliath) represent paganism, in contrast to David – in other words: the Church’s battle with Satan
Norwegian media consultants in various directorates and public “enterprises” is mostly focused on renewable energy and the nation’s contributions to the technological race against new, clean, global energy resources. Recognized environmental researchers have pointed to these challenges in several decades. Norway’s biggest contribution to the green development, according to the social democratic government (with a bit of green in it – a coalition), is the CO2-capture (storage) technology.
Other nations have laid down significant amount of research on these issues. Among them are Germany and USA. But now these big, influential nations give lower priority to this type of solutions on the climate and economic changes. They prefer to use their energy on development of new, alternative sustainable energy sources.
But off course – the carbon based fossil energy sources (oil, coal, and gas) will be profitable for many years, especially when the finance crisis and world recession shifts into economic upturn. The Goliat project and other oil production development projects in the vulnerable Barents Sea will secure the Norwegian self-determination and continuation of the expensive welfare society. Some of these potential future profits should be injected into research and then boosting a more serious, credible attitude towards Norwegians commitment to research on sustainable energy.
It seems a bit prigish to brag about how much money we spend on saving the rainforest, our positive influence on world peace, immoral business practices and financial institutions – while the nation’s real money still lays in the carbon based fossil energy sources. If we don’t succeed with our CO2-capturing (God and David forbid) we still have the European Union Emission Trading System.
Freak Account, oder der wahnsinnigekonto. Great, hilarious entertainment between friends
