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Daily Archives: June 23, 2017
Mike Trout wanting to be an Angel for life and Arte Moreno saying No is my worst nightmare come to life – Halo’s Heaven
Posted: June 23, 2017 at 6:11 am
Heres a bit of Angels news that surfaced today and should immediately enter the annals of team lore, but this piece of team history and trivia isnt of the oh, thats a neat bit of info variety, but the OMG, THIS TEAM IS KILLING MY WILL TO LIVE kind. Do you remember when the Angels and Mike Trout came to a deal on his six-year extension, that would have him signed through 2020? It was a great day to be an Angels fan, because they locked up the burgeoning baseball legend for $144.5 million while buying out two years of what could have been his free agency.
Its hard to not like what the Halos did there, getting that lightning that Eddie Bane caught in a bottle, and making sure it doesnt hit free agency till 2020 instead of 2017, but it was also a pretty big payday for Trout, so there was a sense that everybody walked away happy.
Notice how I said its hard not to like that extension, not impossible...because there IS one way, one circumstance, in which that 2014 negotiation could make me HATE that deal with the fire of a thousand suns, I just didnt know this particular circumstance existed until today.
If Mike Trout wanted to sign a lifetime deal with the Angels (meaning 14 or 15 years), and Arte Moreno said No, then suddenly that six-year extension becomes one of the dumbest things Ive ever seen from this team. According to a Jon Heyman piece from earlier today, thats exactly what happened, and Im now having to write this article using voice-to-text tools because Im so filled with instant rage that I can only see red right now.
Trout was the one exception, and in three years hell be a free agent barring a new try by the Angels. Trout set himself up for life with that rare, record six-year deal and will have a second bite at the apple, after he broached an extreme mega deal in talks (14 or 15 years, according to people familiar with those talks) before word came back that Angels owner Arte Moreno decided not to go for the lifetime deal for the two-year superstar, but hardly anyones repeating that strategy. Its no certainty they would have been able to work it out the super mega deal, anyway, as Trout seemed pleased at the middle ground of six. But it was quite an interesting thought put forth by Trouts side.
Man, here I was having a nice day, and all of a sudden I feel ill. The Angels had the best player in the universe asking to be with them for not only his youthful seasons, but for also his prime, late 20s/early 30s years, and they were like Nah, thats too long. We dont like having good players for that long, it makes us nervous. Im guessing that was the rationale, at least, since they had no problems signing up a declining Albert Pujols to a ten-year deal. Who am I kidding? There was NO rationale in that decision. Period.
Its not like the Angels didnt know what they had on their hands yet, either. When these talks were going on, Trout had already completed his age 20 & 21 seasons, during which he won a Rookie of the Year award, and came in 2nd in AL MVP voting not once, but twice. The writing was on the wall; he was going to change the game of baseball forever. On top of that, it was HIS idea...he was the one that floated it to the team, and they shot it down.
The Angels then tried to go for something in the 7-9 year range, but the two sides agreed on six years. I know that were still supposed to be able to look back at this whole ordeal and be happy with what we got, but imagine a world in which we knew the Angels had time to build around him. Imagine us not having to preemptively worry about where hell go once he does hit free agency after 2020. The Halos and us fans could be resting easy right now, knowing Trout wasnt going anywhere, and thered be time yet to put some great teams around him and win some real October hardware.
Nope. Arte Moreno said no. This is going to sting for awhile, folks. My only chance at being able to live with this knowledge is that, as Heyman noted in his article, we dont know for sure that they could have worked out a deal this big to begin with, so I am clinging on to that thought for dear life. Its all Ive got keeping my sanity in check right now. The only other option is facing this living nightmare, a world in which the Halos could have had Trout all to themselves, forever...and Arte Moreno said No. I shudder at the thought.
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WVU Extension office offering fun, interactive summer programs – Mountain Statesman
Posted: at 6:11 am
GRAFTON West Virginia University Extension Service is providing free summer hands-on learning activities, where youth can bring Legos to life.
Reading and Robots activities will be held weekly with free LEGO WeDo Robotics, for youth ages eight to 17.
The activities will take place at the Taylor County Public Library, Tuesdays from 1:30-3:00 p.m.
Students will be able to bring to life dancing birds and alligators, on July 11. Then on July 18, there will be spinning tops and sailboats, and on July 25, drumming monkeys and roaring lions will come to life.
The Summer Science Series will have weekly free Hands-on Science, Technology, Engineering and Math (STEM) activities.
The series will have many take-home projects, and is opened to school aged youth.
The program will take place at the Taylor County Public Library on Thursdays from 10:00-11:00 a.m.
On July 6 youths will build a model movable hand. On July 13, they will learn how strong is spaghetti. Students will learn to be a dentist on July 20, when they create elephant toothpaste, and on July 27, they will learn all about the Great American Solar Eclipse.
According to Jennifer Murray, Extension Specialist, 4-H Curriculum Extension Assistant Professor, the activity for July 27 will be preparing for the Great American Solar Eclipse that will darken our skies on August 21.
Both programs required registration. To RSVP for the activities call 304-265-6121.
Murray shared that the Summer Associate VISTA, Megan Weber has been visiting enrolled youth programs throughout the county, including Project ISAAC, Energy Express, and 4-H Camp.
In addition, starting in July, Weber will add Little Feet Daycare to her schedule, as well as public programs at the Public Library and the local Farmers Markets.
For more information, or if you have a youth organization that you might want some STEM activities for during the month of July, contact the Summer Associate VISTA, Megan Weber at [emailprotected], or 304-265-3303.
The Programs are made possible through collaboration and funding by West Virginias Promise the Alliance for Youth, Taylor County Extension Service Excess Levy, Americorps Vista and STEM.
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WVU Extension office offering fun, interactive summer programs - Mountain Statesman
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Emma Stone, Steve Carell face off in ‘Battle of the Sexes’ (VIDEO) – Malay Mail Online
Posted: at 6:11 am
LOS ANGELES, June 23 Check out this new trailer for Battle of the Sexes that serves up the ultimate showdown between men and women in the form of a tennis match.
Emma Stone and Steve Carrell star in this film about the famous 1973 clash between tennis greats Billie Jean King and Bobby Riggs.
The synopsis of the film reads: The electrifying 1973 tennis match between World number one Billie Jean King (Stone) and ex-champ and serial hustler Bobby Riggs (Carell) was billed as the Battle of the Sexes and became the most watched televised sports event of all time. The match caught the zeitgeist and sparked a global conversation on gender equality, spurring on the feminist movement. Trapped in the media glare, King and Riggs were on opposites sides of a binary argument, but off-court each was fighting more personal and complex battles. With a supportive husband urging her to fight the Establishment for equal pay, the fiercely private King was also struggling to come to terms with her own sexuality, while Riggs gambled his legacy and reputation in a bid to relive the glories of his past. Together, Billie and Bobby served up a cultural spectacle that resonated far beyond the tennis courts and animated the discussions between men and women in bedrooms and boardrooms around the world.
The film also stars Sarah Silverman, Andrea Riseborough, Elisabeth Shue, Bill Pullman and Alan Cumming.
Battle of the Sexes is set for release on October 20.
A screengrab from Battle of the Sexes that stars Emma Stone and Steve Carrell among others.
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Emma Stone, Steve Carell face off in 'Battle of the Sexes' (VIDEO) - Malay Mail Online
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Twice Shy Brings The Irish To The Big Screen – TV3 Xpos – TV3.ie
Posted: at 6:11 am
22nd Jun 17 | Entertainment News
A record breaking Irish independent film starring Ardal O Hanlon and Pat Shortt
For a country that loves the cinema so much, the Irish have a lot of trouble capturing the essence of what makes us so unique on the big screen. Director Tom Ryan is set to buck this trend with his sophomore outing; Twice Shy.
The coming-of-age drama centres around a young, unmarried couple (played by Shane Murray-Corcoran and Iseult Casey) as they make the journey from rural Ireland to London to deal with an unplanned pregnancy. The film flashes back to chronicle their relationship and turbulent lives that led them to the situation, with growing up, parental distresses and inabilities to communicate throwing up roadblocks in their fairy tale romance.
Twice Shy has no hesitations about latching on to the zeitgeist of modern Ireland, hitting many hot-topic buttons like the 'Repeal the 8th' movement, and the inadequate provisions for those suffering from depression. It's refreshing to see a take on Ireland that doesn't feel like a Hollywood imitation, but a more candid outlook on our lives.
Bringing together the impressive newcomers and TV veterans in Pat Shortt and Ardal O'Hanlon, coupled with a soundtrack filled with familiar Irish stars, director Ryan delivers a confident follow up sure to appeal to the Irish audience it is made for.
Twice Shy is in selected cinemas Friday 23rd June.
Richard Waters (@RichMWaters)
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Twice Shy Brings The Irish To The Big Screen - TV3 Xpos - TV3.ie
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Edit DeAk, a Champion of Outsider Artists, Dies at 68 – New York Times
Posted: at 6:11 am
Attuned to the emerging alternative galleries and performance spaces in downtown Manhattan, the journal, published out of Ms. DeAks SoHo loft, turned the spotlight on art at the margins: performance art, video art, conceptual art and outsider art. She had a special affection for street art, which she once called information from the middle of the night.
Ms. DeAks critical style was personal, quirky and inventive, with adjectives like nuancical popping up unexpectedly.
You couldnt tell if it was a Joycean toying with the language or a problem of translation, Mr. Robinson said in an interview. She was a poet.
The prose was a calculated affront to the rarefied theorizing that surrounded minimalism and dominated the slick art journals.
Theres something rotten about a structure that produces terminological pollution and calls it theory, like a mob-controlled waste disposal company, Ms. DeAk once wrote. The goal was to destroy the criticship of critics, she was quoted as saying in an unpublished article for Artforum magazine in 1974.
It was also to get there first, even if that meant writing about art still in the studio. As a part-time assistant at the alternative gallery Artists Space, Ms. DeAk organized a series in 1974 devoted to video, performance art and readings that included Laurie Anderson, Kathy Acker, Adrian Piper and Jack Smith. She was later among the first critics to notice Jean-Michel Basquiat, before he began showing in galleries.
She continued to beat the bushes in the early 1980s as a contributing writer for Artforum, where she and her fellow critic Rene Ricard covered the downtown scene like a zeitgeist tag team. Ms. DeAk later wrote an occasional column for Interview magazine. Called The New According to Edit DeAk, the column was based on her Polaroid pictures of gallery openings and parties.
The critic William Zimmer, in The SoHo Weekly News, summed her up succinctly: DeAk has been everywhere before anybody.
Edit Deak was born on Sept. 16, 1948, in Budapest, to Bela Deak and the former Vira Csatkai, a teacher. Little is known about her early life.
At 18 she married Peter Grosz, an artist, who later changed his surname to Grass. Soon after, the couple, traveling separately in the trunks of two cars, crossed the border from Hungary into Yugoslavia and, after a stay in Italy, made a beeline for Manhattan, determined to plunge into the New York art world.
Ms. DeAk also changed how she rendered her last name; capitalizing the a, she seemed to think, made it seem more American. She used a lowercase d at the beginning of her career and an uppercase d later.
Her marriage to Mr. Grass ended in divorce. Her survivors include a sister, Eva.
Ms. DeAk earned an art history degree from Columbia in 1972. In her senior year, she took a seminar on art criticism given by Brian ODoherty, the editor in chief of Art in America. Also in attendance were Mr. Robinson and Mr. Cohn, who became her fellow conspirators in the creation of Art-Rite.
The magazine, published irregularly until expiring in 1978, envisioned the alternative art scene as a social collective and itself as an enabler. It invited Dorothea Rockburne, Pat Steir, William Wegman and others to design its covers, and made space in its pages for artists to write or show their work.
In 1976, Ms. DeAk, with Mr. Robinson, Sol LeWitt and Lucy Lippard, helped found Printed Matter, a publisher and distributor of artists books.
When Ingrid Sischy, the director of Printed Matter, took over as editor of Artforum in 1979, she saw a kindred spirit in Ms. DeAk, who had contributed gallery reviews to the magazine for several years someone who blurred the boundaries between art, fashion and night life and practiced art criticism as theater.
Ms. DeAk, in return, delivered prescient articles on the Italian Neo-Expressionist painters and the post-Conceptual artist Joseph Nechvatal.
Poor health and heavy drug use sidelined Ms. deAk for the last two decades of her life. The scene she covered so vividly retreated into distant memory, but traces of her presence lingered.
In 2007, as developers converted a loft at 151 Wooster Street in SoHo into a luxury condo, they uncovered a wall decorated with graffiti by Mr. Basquiat (then using the tag SAMO), Fab 5 Freddy and Futura 2000, seminal figures in the graffiti art movement.
It turned out to be Ms. DeAks old apartment.
A version of this article appears in print on June 23, 2017, on Page B15 of the New York edition with the headline: Edit DeAk, a Champion of Artists Outside the Mainstream, Dies at 68.
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Edit DeAk, a Champion of Outsider Artists, Dies at 68 - New York Times
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The politicization of the colour pink – Livemint
Posted: at 6:11 am
The signs appeared quietly. In isolated blips at first, and then with increasing frequency, till they could no longer be ignored. In 2014, it was the single visual identifier of Wes Andersons The Grand Budapest Hotel. In 2015, Drake championed it in his Hotline Bling video, inspired by legendary light-and-space artist James Turrell. In 2016, the ubiquity of a particular dusty blush hue led to its christening as millennial pink by New York magazine, and with that, its takeover of the cultural zeitgeist was complete.
But pinks road to reinvention hasnt been easy. Though it only came to be associated with femininity fairly recently (after the end of World War II, canny advertisers began directing pastel pink appliances and upholstery towards women largely as an antidote to the military-inspired fashions and textile rationing of wartime, according to Bloomberg), the tag has proven to be nearly impossible to shake off. Thanks, however, to an uptick in dialogue about gender fluidity, spurred by television shows such as Transparent and Orange Is The New Black, and a more vocal, visible fight for LGBTQ (lesbian, gay, bisexual, transgender and queer) rights, the global lexicon began to slowly stretch beyond reductive gender-binary terms. And pink has emerged as the surprising symbol of this blurring of lines. To be specific, it is the aforementioned millennial pink, a colour that was everywhere you looked last summeron sneakers, sofas, social media feeds.
According to the New York magazine feature: Its been reported that at least 50 percent of millennials believe that gender runs on a spectrumthis pink is their genderless mascot. And somewhere along the way in its journey to post-gender, pink also became post-pretty. Heck, pink became cool. Free of its gender-normative shackles, it finally had the leeway to have personality, layers, subjectivity.
Reading the global tea leaves, Pantone, a company that sets industry standards for colour, picked, in an unprecedented move, the blending of two shades for its 2016 Colour of the Year: Rose Quartz (a warm rose) and Serenity (a cool blue). In many parts of the world, we are experiencing a gender blur as it relates to fashion, which has impacted colour trends throughout all other areas of design, explained Pantone Color Institute executive director Leatrice Eiseman in a press release.
This year, although it was a yellowish shade of green that got top billing, Pantone included two shades of pink at opposite ends of the spectrum in its Spring 2017 colour report: Pale Dogwood, a soft blush, and Pink Yarrow, a deep fuchsia. But why should Pantones choices matter to us?
Because Every December for the last 26 years, Pantone predictsand consequently helps influencethe single hue that the design world will go nuts about for the next year, according to business magazine Fast Companys design offshoot Co. Design.
And go nuts it does. In 2017, pink has gone rogue, proclaimed a recent piece in The Guardian. Spring/Summer 2017 runways saw pink displaying its full potential: from powdery at Sanchita, Huemn (both from India) and Givenchy to bright at Cline and Balenciaga, to bold at Haider Ackermann and Valentino. The SS17 menswear shows, too, got their dose of pink, courtesy Gucci, Topshop and Ackermann (again). Raf Simons sold-out collaboration with adidas includes a pastel-pink version of the iconic Stan Smith shoe, and Nikes newest Air Force 1 Jewel Swoosh sneaker for men comes in Pearl Pink.
Guccis Alessandro Michele, whose love for the colour is well-documented, told The New York Times at his Resort 2018 show in Florence last month: Pink is very powerful. It makes you feel sweet and sexy, also if you are a man. A recent piece for Esquire answered the question, Should you wear pink?, with a resounding, Hell yes, you should. Vogue.com ran a piece last year titled Why Pink Is The Most Radical Colour In The Rainbow Right Now, with the writer stating: Its tough to think of a single hue with which to fly your freak flag and subvert gender norms better than pink.
In other words, pink now sends out a message loaded with a subtext. Its impossible to discuss the politicization of this colour, and indeed its projection as a signifier of strength rather than frailty, without mentioning the Gulabi Gang, Indias fuchsia sari-wearing group of female vigilantes. The groups leader, Sampat Pal Devi, explained this sartorial choice to Vice magazine back in 2008. In rallies and protests outside our villages, especially in crowded cities, our members used to get lost in the rush. We decided to dress in a single colour, which would be easy to identify. We didnt want to be associated with other colours as they had associations with political or religious groups. We settled on pink, the colour of life. Its good. It makes the administration wary of us.
A movement that harnessed the power of pink early on was the 2009 Pink Chaddi Campaign, in response to right-wing group Sri Ram Senes attack on young women at a bar in Mangaluru. Nisha Susan, one of the organizers, wrote in an op-ed for The Guardian: It amused us to send pretty packages of intimate garments to men who say they hate us.
Then, in a blend of attempted feminism and right-wing nationalism, the RSS womens wing, Rashtra Sevika Samiti, recently held a summer training camp for young girlsoutfitted in pink-border salwar kameezesto teach them how to protect themselves and also guard (their) country, its traditions, its sanskriti and its languages, as the Samitis Chandrakantha, chief guest at the camp event, put it.
Pink may have started rubbing shoulders with politics, but sports is an arena its long been shut out of. Serena Williams pink-pleated tennis outfits at last years US Open, which the athlete described to the US Vogue with obvious delight, made headlines because it embraced the eye-catching colour. The candy-colour shade has been Williams favourite since girlhood, and regularly creeps into her beauty routine, tooa petal lip here or cotton candy nail polish there, reports the piece. I always try to wear it, Williams said. Yesterday, I had a rose-colour eyelid, which was fun. Closer home, in a surprising move not likely influenced by the global trend, Force Indias new Formula One cars for the 2017 season were unveiled in an arresting Pepto-Bismol hue.
But nothing made as loud and as globally resonant a statement as the Womens March in January, when pink-knit pussy hats flooded the streets of Washington, Berlin, Paris, Melbourne and beyond in support of womens rights, LGBTQ rights and racial equality, as well as, of course, in staunch defiance of then freshly inaugurated US President Donald Trumps blatant misogyny and sexism. The pink pussy hat later found its way on to the head of every model at Missonis autumn/winter show in Milan this spring, and temporarily atop the Fearless Girl statue in New Yorks financial district, boldly facing down the Wall Street bull.
Los Angeles-based screenwriter Krista Suh, whose brainchild, The Pussyhat Project, led to the viral sartorial movement, told The Atlantic: Femininity, whether its in a man or a woman, is really disrespected in our society. What were trying to do with this project is embrace pink, embrace the name pussyhat, and not run away from that.
And so it was that pink came to be a symbol of power, of resistance, of revolution, while still holding on to its notions of womanhood. It is everything all at onceboth a reclaiming of femininity and a disavowal of it.
First Published: Fri, Jun 23 2017. 11 47 AM IST
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A Year After The Brexit Vote: Have We Reached Peak Populism Yet? – HuffPost UK
Posted: at 6:11 am
I was truly shocked when a slim majority voted for Brexit a year ago, on June 23. It was to be the first shock caused by an election outcome in 2016 in which populists whipped up popular resentment and won. The question troubling me since: When is it going to stop? When's the world coming to its senses?
When you haven't got the benefit of hindsight it's hard to tell major bumps along the way, a cluster of exceptional incidents, from real historical trends. Is history running its course or is the zeitgeist drunk at the wheel but could still come to its senses before crashing into the wall?
I feared Brexit, further propelled by voting Trump into office, might not have been a freak phenomenon but a historical turning point that could usher in an age of reactionary politics, and even sustained decline. The West really might be well past its heyday, once and for all.
Strangely enough, it's almost always the people shouting to want to make this, that or the other great again who will very likely achieve the exact opposite. How great will Britain really be after Brexit? How great will America be after Trump's reign of angry incompetence has run its course?
The West had shaped the last few centuries on a global scale - not always for the better, but surely to its advantage. Now it showed serious signs of self-combustion. Looking for historical parallels, I thought, we might be witnessing times that the late Romans witnessed before us.
You will find more statistics at Statista
Particularly from a liberal German perspective, the world turned a darker shade last year. Brexit in June and Trump in November shook many Germans' belief and trust in two long-time allies and important role models.
Most historically aware Germans very much appreciate what the United Kingdom and the United States did after the Second World War: Rebuild Germany from the rubble after a terrible war ignited by her own doing. That's what I call true greatness.
The Western Allies fostered reconciliation, even though the reflex to punish Germany for her systematic and large-scale misdeeds must have been formidable. Without the foresight of the liberal minded leaders of those two Anglo-Saxon countries West Germany, and therefore today's reunited Germany, would not have become a post-war democratic power in its own right.
After the First World War, the Entente powers chose to fiercely punish Germany, eventually resulting in another world war. After the Second World War, a broadminded approach towards Germany under the leadership of the UK and the US fostered a period of peace and prosperity never seen before in European history.
You could argue that America and Britain also had their own interests at stake: An economically dependent and politically unstable Germany would not have made for a good buffer state against the Soviets, who quickly turned from a wartime ally into a Cold War foe.
After Brexit and Trump, it looked like populism and anti-internationalism might not just discredit two longstanding role models, but could spread further: Marine Le Pen in France, Norbert Hofer in Austria, Geert Wilders in the Netherlands, Lech Kaczyski in Poland, Viktor Orbn in Hungary, Recep Tayyip Erdogan in Turkey, and Germany's homegrown populist movement, Alternative fr Deutschland (AfD), were all vying for or already in power.
Beginning with the Brexit referendum in June 2016, the below chart depicts some of the outcomes of votes which pitched populist candidates or ideas against more moderate or liberal candidates and ideas. Each vote had its very particular national setting, so this overview is also food for thought if those votes can and should be thrown into the same basket.
You will find more statistics at Statista
Some of the votes were close calls, like the Brexit referendum and the US presidential election, or the Turkish referendum that granted Turkish President Recep Tayyip Erdogan sweeping new powers. Other votes that observers thought might be tighter races were clearer cut, like the presidential election in France, in which right-wing candidate Marine Le Pen and centrist Emmanuel Macron battled it out.
For now, it looks like the populist movements have lost some momentum, probably because people realise that the world order really is in a fragile state - one more kick and the whole thing might come tumbling down. Therefore, the underlying question might be, if those voting for populists are really convinced of those policies or if they are more concerned with throwing a wrench in the works, to send a message.
Germany is voting for a new Bundestag in a general election in late September 2017. This will also be a vote on the liberal-leaning policies of incumbent Chancellor Angela Merkel. The broad sentiments that underpin the success of populist movements are still simmering. The jury is still out on whether we have reached peak populism yet...
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A Year After The Brexit Vote: Have We Reached Peak Populism Yet? - HuffPost UK
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Resource Based Economy – YouTube
Posted: at 6:10 am
A Resource Based Economy is a proposed system where goods and services are available to all who need them, not just the select few. There is no need for money, credit, barter, or any other system that relies on debt and servitude. Our current capitalist system allows (and encourages) certain individuals to amass great amounts of wealth, leaving much of the rest of the world in abject poverty. A recent study has shown that the 62 richest people hold the same wealth as the poorest 50% in the world (http://www.abc.net.au/news/factcheck/...). How can anybody morally justify this?
Clearly, our current system is not working. Sure, many of us in the West now have smart phones, cheap fast food, clothing, and 24-hour shopping, but is this really what we want from society? At what expense does this all come? By now we have all heard of the underpaid and under-appreciated workers in Asia who are responsible for producing our clothes, shoes and electronics. They work in hot and crowded factories, barely getting enough money to pay for their families food, let alone being able to save anything. We might be living it up in the West, but they certainly arent. Our current system is inherently exploitative. It benefits the few at the expense of the many.
Jacque Fresco is an American futurist who has been around for quite a while hes almost 100 years old! He has always pushed for a society that doesnt try to take, take, take all the time, but instead shares its resources with all its inhabitants. He believes that the Earths resources should be declared as the common heritage of all people. Why should a baby come into this world with no access to clean water, because a group of rich guys dont want to give anything away for free?
Jacque believes that greed is simply a result of our current system. Think of a group of cows in a field that have plentiful grass. They dont go around fighting each other over whose blade of grass is whose. Of course not theres enough food for all! However, as soon as the farmer holds out a single carrot, cows will push and buck one another in order to get to it. Why? Because the carrot is now scarce. Our current capitalist system relies on scarcity. That is, if something is scarce (for example, an iPhone 6S Plus), then people will do whatever it takes to get one. Of course, many of our resources and products are not scarce, its just that the companies what us to think that they are scarce so that we hand over our hard-earned money. If we knew that we could just use a 3D printer to print ourselves an iPhone, then why would we line up for ten hours to pay $1200 for one? Companies use many psychological tricks to make us think their products are scarce so that we freely give them our money (https://www.businessinsider.com.au/ma...). Its a big scam that can be done away with in our future society.
Jacque has recently released a film called The Choice is Ours (https://youtu.be/Yb5ivvcTvRQ). I watched it last night and enjoyed it immensely. The first half talks about the problems with our current system and the dire need for change. It tells us about the history of the financial system and how it has been designed to benefit the ruling class. Laws, prison sentences and other punishments exist so that our rulers can maintain control. The second half of the film proposes a workable alternative to this madness. It aims to achieve and maintain a more humane society for all using technology and automation. A financial, money-based system will no longer be needed. A resource-based economy which efficiently shares and distributes the worlds resources will take its place.
The Choice is Ours has guest appearances by Jacque Fresco (Futurist, Industrial Designer, Social Engineer, Founder of The Venus Project https://www.thevenusproject.com/), Jeffery A. Hoffman Ph.D (Prof. Aeronautics & Astronautics MIT, Former NASA Astronaut), Henry Schlinger, Ph.D., BCBA-D (Prof. Psychology CAL State University), Abby Martin (Journalist & Host The Empire Files), Karen Hudes (Economist, Lawyer, World Bank Whistleblower), Erin Ade (Reporter & Host Boom Bust), Paul Wright (Founder & Director of Human Rights Defense Center, Editor of Prison Legal News, Author), Dylan Ratigan (Author & TV Host The Dylan Ratigan Show), Mark Jacobson, Ph.d (Prof. Civil & Env. Engineering, Stanford University. The Solutions Project), Erik Brynjolfsson, Ph.D (Prof. of Management-MIT Sloan School of Management, Dir. MIT Initiative on the Digital Economy, Author), Lawrence M. Krauss, Ph.D (Foundation Prof. School of Earth and Space Exploration, and director of Origins Project, Arizona State University. Author A Universe from Nothing), Paul Hewitt (Author Conceptual Physics), and Roxanne Meadows (Co-Founder The Venus Project).
Please enjoy the film.
Originally posted on Daily Rant Australia on February 8, 2016 by Andrew.
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How will Asia fare in the next market adjustment? – South China Morning Post
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April is the cruellest month, so said the poet TS Eliot. But one wit remarked that June marks the end of May. Who would have expected that British Prime Minister Theresa May would lose her majority in Parliament in the June election, which was supposed to strengthen her hand in negotiating Brexit with the European Union?
In sharp contrast, unlike earlier in the year when everyone was worried about France falling to populist rule under Marine le Pen, a fresh centrist candidate named Emmanuel Macron won, and was rewarded by a handsome legislative majority to carry out his promise to reform France.
In Bangkok this week to refresh memories of July 2, 1997, I was struck by how history seemed to rhyme in 10-year cycles. Next month marks not only the 20th anniversary of the return of Hong Kong to Chinese rule, but also the 20th anniversary of the Asian financial crisis, when the baht was devalued. This year also marks the 10th anniversary of the US subprime crisis, which, together with the European debt crisis, caused a decade of low growth for the advanced economies.
On July 19, 2007, the Dow Jones touched a record high of 14,000. It fell below 11,000 on September 15, 2008, following the failure of Lehman Brothers, then fell to a 12-year low of 6,547 on March 9, 2009, recording a 53.2 per cent drop over the period.
Similarly, the Hong Kong Hang Seng Index rose to an all-time peak of 31,958 on October 18, 2007. A year later, it lost 66.6 per cent and fell to a low of 10,676 on October 27, 2008.
Ten years later, both indices have once again touched record highs, with the Hang Seng recovering past the 26,000 mark this month, while the Dow hit a record peak of 21,528 this week.
These market gyrations suggest that another consolidation may be reached sometime soon, except we do not know the exact timing or trigger. All we know is that there are many risks out there, including policy uncertainties from whether the Fed will continue to raise interest rates, the sudden reappearance of inflation and possible geopolitical or natural disasters.
The stark reality is that no one knows for sure whether we are in overpriced territory or a bubble zone. The US economy appears to be trundling along in reasonable shape, with unemployment figures reaching new lows. All we do know is that asset prices are at record highs, financed by historically high debt and abnormally low interest rates.
In this zone of radical uncertainty, we are no longer sure that GDP reflects the true state of the economy. Gross domestic product measures the old resource-based economy well, but does not capture growth in a data-driven digital economy. No economy reflects this contradiction more than China, which has shifted from being the largest assembler of the global supply chain towards a consumption and service-driven economy. Both consumption and services crossed the 50 per cent of GDP level, moving the country closer towards an advanced-country pattern where consumption and services account for roughly 60-70 per cent or more of GDP.
If China succeeds in this historic transition, it could break through its middle-income trap. But one recalls that South Korea achieved OECD status in December 1996, only to be hit by the Asian financial crisis in 1997-98.
Given these radical uncertainties, history is replete with the rise and fall of nations, as well as the rise and fall of companies
All countries go through growing pains, especially what Joseph Schumpeter called creative destruction. This transition creates massive winners and also losers. We see this pattern being reflected in the mixture of top Dow Jones index component companies, whereby the leading tech stocks are being priced to win, whereas the old energy, manufacturing and distribution companies are struggling to maintain their market share.
Given these radical uncertainties, history is replete with the rise and fall of nations, as well as the rise and fall of companies. It teaches humility in forcing us to think holistically about the broader trends, whilst sorting out the signals from the noise.
Emerging markets in Asia today are facing the middle-income trap, whereby they need to break through a pain barrier to rise to advanced-income status. Advanced and ageing economies like Britain and Japan face the opposite, a high-income trap where a major policy mistake could cause it to slide into stagnation and possible lower income levels.
Ultimately, demographics and geography determine destiny. Asia may face many growing pains and a complex operating environment from disruptive technology and excessive competition, including geopolitical rivalry. Western analysts disdainful of Asian demagogues are now being haunted by their own demagogues.
Despite all the noise, we would do well to remind ourselves that Asia is still where there is demographic and technological growth. Lets see whether the next market adjustment will stall or disrupt that growth trajectory.
Happy 10th and 20th anniversaries!
Andrew Sheng is a distinguished fellow at the Asia Global Institute, University of Hong Kong
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Op-Ed: Tackling inequality in the information age – CNBCAfrica.com
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The issue of extreme income inequality in South Africa remains unresolved. Persistent high rates of income inequality impact negatively on political inclusion, social cohesion, and crime. Using the US CIAs most recent GINI index estimates of income inequality, South Africa is ranked second worst behind Lesotho. Countries with a GINI index closer to zero, like Sweden (0.25) and Germany (0.27), have a more equal distribution of family income than countries like South Africa (0.63) and Haiti (0.61). The GINI index paints only a partial picture because a low score does not always indicate a healthy economic situation. The GINI index for Pakistan, for example, is 0.3 but most Pakistanis have much lower incomes and less economic mobility than South Africans.
Countries with a GINI index closer to zero, like Sweden (0.25) and Germany (0.27), have a more equal distribution of family income than countries like South Africa (0.63) and Haiti (0.61). The GINI index paints only a partial picture because a low score does not always indicate a healthy economic situation. The GINI index for Pakistan, for example, is 0.3 but most Pakistanis have much lower incomes and less economic mobility than South Africans.
Is it possible to achieve wealth, high economic mobility, and income equality within a society? In a functioning market, financial profits or losses signal to firms and people, whether their goods and services are in demand. Consequently, for this signalling to work in an unhampered market, income cannot be distributed evenly. But, if people and firms are equipped with the skills and knowledge to consistently adapt to new markets, better levels of equality can still be achieved.
In the modern world, income and wealth generation are based more and more on knowledge and information. The need for workers to acquire a range of skills and to continuously adapt these skills underlies the learning economy. Productivity is driven by tapping into new ideas, innovations and technologies on a global scale. A process that relies heavily on ICT.
South Africa ranks 88 out of 175 countries on the International Telecommunication Unions ICT Development Index, despite having high rates of mobile phone penetration and high secondary school enrolment. Ranked first on the Index is South Korea, a remarkable achievement for a country that was one of the poorest in the world 50 years ago.
Few countries have embraced the knowledge economy as much as resource poor South Korea. The countrys 15-year-olds are consistently ranked highly in reading literacy, maths and science scores in PISA tests. The working population is highly educated and unemployment is low. The country scores 0.3 on the CIAs GINI index despite having the second lowest public social spending (10.4% of GDP) amongst the OECD countries.
A strong emphasis on the importance of education, secure property rights, an independent and efficient judicial system, a competitive private banking system, and an excellent ICT sector have helped South Koreans to prosper. The country has moved from rags to riches at an astonishing pace. Intergenerational income mobility is high, and South Koreans are wealthier than South Africans when comparing every income group, from the poorest to the billionaires.
Policy makers can attempt to distribute more income from the abundantly rich to the poor to lower inequality, but this cannot be done on a global scale, and it is a strategy that views the size of the wealth pie as being limited. Economics is not a zero-sum game. In a resource-based economy, your potential wealth is restricted by finite resources. In a knowledge-based economy, your potential wealth is unrestricted.
Raising taxes on high income earners or creating capital movement controls will often have the opposite of desired effects. In todays connected world, skills and businesses are mobile and wish to operate in an unrestricted business environment. Many South African entrepreneurs are choosing to move to other countries because it is difficult to take businesses beyond the incubation phase into a global market.
Mark Shuttleworth, another local tech entrepreneur who now lives in the Isle of Man, believes that exchange controls prevent small South African businesses from building global operations. South African tech entrepreneur Vinny Lingham, who now lives in California, believes that a lack of competition and Telkom are stifling the ICT industry.
South Africa needs to raise and, ultimately, remove the glass ceiling that bureaucracy has placed on entrepreneurship and our information society. Capital movement controls should be lifted and a more competitive ICT industry established. The ability to move capital freely will also attract foreign investment. South Africa should fully privatise the telecommunications sector and relax regulations and the spectrum bottleneck preventing expansion and new entrants.
Less bureaucracy, and a strong focus on ICT and education will help South Africa to embrace the information age and create new wealth opportunities for everyone. Better equality can be achieved without discouraging businesses and entrepreneurs. Taxes that redistribute income are difficult to implement fairly, administratively intensive, expensive, and open to corruption. We should focus more on implementing policies that uplift the poor, rather than trying to tackle inequality with taxes. If there is not enough pie for everyone, make more pie.
Luke Muller is an independent economist.
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