Archive for the 'Society' Category

Germany: Bank Robbers ante portas

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There was a lot of hectic movement with governments around the world the last weeks to confine the disasters from betting / wild casino speculation within financial institutions. Approaches and road maps laid out (if any) are pointing to different directions even in the key G7 developed countries.

The U.S. – for example – first wanted to give absolute powers to the executive branch and the government – a move widely criticized and changed by the U.S. Congress in the debates following the first bailout plan.

France and the UK have taken another road and bailing out their banks by providing funds only against a collateral – meaning they are de-facto nationalizes key players in their finance industries. France even went a step further with President Sarkozy calling for the creation of national industry funds to stop the fire sales of key industrial players to overseas investors – an interesting step that found much applause with the European Parliament. If you think that further it…

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Music: Hitler Rap

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Just a reminder to look out for.

Like at those days its just a question of the packaging how they again are bringing the Nazis in through the back door. Could those who know where some of these trillions and the majority of the so called government “humanitarian aid” is really going to please step forward and have a say…

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Short Film: Mankind Is No Island

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This film by Jason van Genderen was entirely shot on a cell phone on the streets of NY and Sydney. It won this year’s Tropfest NY short film festival in September…

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GM: A look into the abyss

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Today was a bad day at stock exchanges all around the world and it was potentially the worst day in stock market history for General Motors.

Already down about 80% from its trading range around USD 40 per share 12 months ago, the share price of the Detroit car maker today was shredded another 30% to around USD 4.7. The report from JD Powers published today that is expecting an “outright collapse” for the global auto industry in 2009 certainly did not help. And for that the writing was already on the wall when GM stopped production in some of its factories in Europe earlier this week (Today even BMW has announces a short production stop with one of his factories in the next weeks).

Let’s put these figures into perspective:

The last time GM was traded around USD 4.7 a share was in the 1950s when an average car sold for …

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Animation: Declaration of Human Rights

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An outstanding animation – the best on that topic we have ever seen. The text of the Universal Declaration of Human Rights as an Infographics animation.

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AIG: Execs went on leisure retreat – Taxpayers to foot the 500K bill

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If you thought there might be some business ethics coming back to today’s executives in the banking business – think again. Looking at the biggest mess in worldwide finance ever created in mankind’s history and those guys still believe its business as usual. You hear stories of so-called executives that are leaving their sinking ships with severity / separation packages worth hundred of millions of dollars – at the same time their employees are left with nothing and many particularly the younger ones looking into a very gray future.

These are seemingly the signals sent out by the cover up plans hammered through these days by governments around the world – grab as much as you can today – we don’t know if we can sponsor your fat bonuses and pays with taxpayer subsidies in the near future. And don’t be shy – a hundred millions might not be as much tomorrow and you know – you did study economics and understand what happens as a result from these FED and other interventions with regards to inflation – don’t you?

Now one of the best indications what those people think has been provided during the House’s Oversight Committee hearing on AIG today. Just a week after the government agreed to bailout the tumbling AIG with USD 85 Billion of taxpayer money, the executives of AIG went on a leisure break spending almost USD 500K on manicures, massages, luxury dinners and hotel rooms…

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