As the FDIC has yesterday closed another bank (First Priority Bank) the eight US bank that failed this year, we thought maybe this series on the banking system might be inspiring.
It’s about 50min long and a mixture of animations and images. Anybody having a strong believe in the infallibility of our current economic systems and societies should be warned that this series is not too positive about the banking system. Besides that with the diminishing civil rights anywhere the so-called Neo-libs get a foot in the door, you might agree that there is at least the impression of some groups are preparing for a not so sunny future to come.
Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.
Kenneth Boulding, economist
- Visualizing the size of the banking crisis
- Environment: Inc. Magazine’s Top 50 green entrepreneurs
- Data-visualization: Charting The Banking Crisis
- The Economist: On issues with US voting machines
Sizing the issue at hand seems to be the first problem. Banks keep the so called derivatives off their balance sheets (because when looking at it with a sense of black humor these instruments are a bit like the banks’ own print run of casino chips – As long as others exchange them freely for real money that’s what they are worth. When that situation changes their value changes too – well, worst case to nothing or – better said, whatever someone is willing to pay for the illusion of value)…
Entrepreneur’s magazine Inc is introducing the Green 50 of entrepreneurial companies that embrace the concept of green business. Inc. Magazine believes that the current green awakening is driven as much by markets as morality: …High oil prices, global warming, the sense that chemicals cause real harm and the earth’s resources are indeed finite–these are not [...]
The web log “And Still I Persist” has made two interesting implementations available that demonstrate how data-visualization tools similar to “Gapminder’s Trendalyzer” can be used to show patterns in vast amounts of data.
They used OSG’s Boomerang technology to show changes in banks’ mortgage portfolios based on the data the banks have reported to the FDIC. The first chart / animation shows the amounts of 90+ days late mortgages and the second one visualizes the changed amounts in mortgages that…
In his last edition top European business and political magazine The Economist has an interesting brief article on US voting machines.Crash and re-boot, that’s how the article is titled, is looking into how the wrong kind of voting machines could bring chaos to the mid-term elections. Even the Economist that rarely is using stronger wording [...]