nous les 99%

Published on Real World Economic Review Blog RWER, by Norbert Häring, Jan 22, 2016.

A central bank governor in Athens conspires with the President of the Republic to sabotage the negotiation strategy of his government to weaken it in its negotiations with the European Central Bank. After the government has capitulated, this governor, who is a close friend of the new finance minister and boss of the finance ministers wife, and the President of the Republic travel together to the ECB to collect their praise and rewards. This is not an invention, this is now documented. Continuer la lecture de « A Greek conspiracy: How the ECB crushed Varoufakis’ plans »

Published on Spiegel Online International, conducted by Bernhard Zand, Jan 22, 2016: … (she) discusses the recent market crash, the end of China’s building boom and why she views Facebook founder Mark Zuckerberg as a role model for the wealthy … //

… SPIEGEL: In comparison, how did things start out for you?

• Zhang: When we started out, we were among the first. Beijing had no and Shanghai had very few large buildings. At that time, it was all about building, building, building — and then selling, selling, selling. We were working like a manufacturer. Soon, however, we realized that land was running out in Beijing and Shanghai. So we started keeping our buildings, and managing and renting them out. We became landowners. That was the second act.   Continuer la lecture de « Chinese Billionaire Zhang Xin: The Old Model Doesn't Work Anymore »

Published on ASIA TIMES, by ASIA UNHEDGED China, Jan 21, 2016.

The People’s Bank of China BPOC on Wednesday said it wants to issue its own digital currency to cut the costs of circulating traditional paper money, boost policymakers’ control of money supply and improve the efficiency of global transactions.

The central bank set up a research team in 2014 to study digital currencies and application scenarios, according to a statement posted on the regulator’s website.   Continuer la lecture de « China’s central bank mulls issuing digital currency »

How to kill the demos: the water struggle in Italy

Published on ZNet (first on Roarmag.org), by Andrea Muehlebach, January 20, 2016.

On November 28, 2015, water activists from the Southern Italian region of Campania staged a massive protest in the city of Naples. Some 5,000 water activists and environmentalists, trade unionists and workers from Naples’ water works protested a recently passed regional law that aims to centralize water management and set the stage for water privatization … // Continuer la lecture de « How to kill the demos: the water struggle in Italy »