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Archive for the 'World' Category
History: Kristallnacht – German pogrom of 1938
Tonight it is 70 years ago, that in the night of November 9th synagogues, Jewish shops and houses were destroyed throughout Germany and Austria. Almost a thousand Jews were murdered that night and 20-30,000 deported to concentration camps.
Sadly these days it looks like the extreme right wing thugs are creeping into society across Europe again. Where do you think that substantial amounts from all those Billions disappearing from military and so-called humanitarian aid programs are ending up?
This time it might not be the Jews, but will the majority of people again look to the other side and profit from…
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Film: MAHATMA – Life of Gandhi, 1869-1948
If you’re looking for some quiet time this weekend and want to learn something about history, have a look at this 5 hour documentary of Mahatma Gandhi’s life by the GandhiServe Foundation.
The film in black and white includes many visual records of Gandhi’s life and of events during this important period of India.
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Time: Wassup 2008
One of the best replies / follow-ups on the famous Budweiser advertising campaign a few years ago. The guys from the original spot get together eight years later and its wassup on the financial crisis, the lack of a health system, the housing market and being still in Iraq. So what’s up B?
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Health: Millions of lives to save – XDR-TB
…Legendary photojournalist James Nachtwey sees his TED Prize wish come true, as we share his powerful photographs of XDR-TB, a new, drug-resistant strain of tuberculosis that’s touching off a global medical crisis…
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Financial Crisis 101: Why CDS could never work
Many still call or describe CDS (Credit Default Swaps) as a kind of insurance policy against credit risk to limit the risk of the lender. Well that might be so in their dreams or it has been used as a camouflage by the bankers to persuade the investors of the quality – or to mislead them on the lack of it – and suggest that there would be an underlying asset.
And that’s were all the problems start. To issue or construct a CDS there was never a requirement to actually being linked to, i.e. having provided or taken out the credit or having an contractual agreement with these two parties.
Everybody could issue CDS completely unregulated and unlimited. This is of course the reason for the incredible amounts being pushed around and it also provides the reason that – in rare cases CDS might have been an insurance against credit defaults – but in general these papers were only betting slips if certain events might occur most similar to betting on horses or dogs races.
If these instruments would have only been allowed to use for …
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Animation: Declaration of Human Rights
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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