Friday, 6 April 2012
hippety-hoppety
Thursday, 5 April 2012
ex cathedra
Via the tremendously brilliant Boing Boing, there is a op-ed piece by Richard Clarke (DE/EN), anti-terrorism czar to the Clinton and Bush II administrations, chairman of the 9/11 Commission and cyber-security authority, that once again demonstrates the boundless work-shopping potential of the hubris and reach of the US Department of Homeland Security.
catagories: ๐, ๐ก, ๐, ๐ฅธ, networking and blogging
Wednesday, 4 April 2012
honorarium
A very clever young man from the Netherlands, named Jurre Herman, offered a very elegant solution to help staunch the currency-crisis in the euro zone, which I think deserves more than an honourable mention in the open contest economic contest calling for submissions from all sources. Herman suggests that the Greeks, and probably with wider applicability, revert to using the drachma for day-to-day, internal affairs, buying drachmas from the government at an equitable rate with their euros. The government then can use the euro to pay down the debt. The value of the drachma of course drops precipitously but that again can make industry and the labour force more competitive. For those hording euro or stowing it away overseas, there would be a punitive exchange rate applied. And for those doing business internationally, they would be able to sell their drachma back for euro, at a rate slightly favourable to the government. With some tweaking, I think such a plan might work and perhaps economists and analysts are not the one to dictate what is and is not feasible.
kopfgeld
The awkward tension between Switzerland and Germany over emerging taxation treaties, banking reforms and German bounty-hunter tactics has resulted in a legal volley between the two countries, including the arrest-warrants for the offending tax-inspectors, a travel-ban for employees at a major Swiss bank for Germany and harsh language that threatens to undermine any progress on transparency and cooperation struck recently (DE/EN). In February 2010, three German tax-inspectors entered into negotiations with an anonymous former bank executive, perhaps disgruntled, to acquire a data CD pilfered on the executive’s way out, which supposedly contained intelligence on international clients who may or may not have been banking in Switzerland for purposes of tax-evasion (the overwhelming countries and banking systems of choice for tax-dodgers are UK and American parking-spots, despite all the flailing and over-reaching of jurisdiction by Britain and the US) .