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British boy becomes Fortnite millionaire in World Cup tournament | Games | The Guardian
A total of $30m in prize money was up for grabs, the biggest ever at an esports event.

The duos winners, Emil Bergquist Pedersen from Norway and his Austrian partner, David W, who play as Nyhrox and Aqua, took home a total of $3m prize money.

More than 100 finalists took part in the event, trimmed down from about 40 million who attempted to qualify for the tournament.

A total of six matches were played in the competition, with duos earning points based on eliminations and their placing in each round.
games  sport  finance  attention 
7 weeks ago by juliusbeezer
IEEFA Germany: RWE’s coal phaseout compensation demands defy market prices - Institute for Energy Economics & Financial Analysis : Institute for Energy Economics & Financial Analysis
If market price is the benchmark for compensating the early closure of coal assets, then recent deals indicate that Germany’s coal and lignite power plants and mines have very low value, and make a mockery of compensation claims by Germany’s biggest utility, RWE, under the country’s pending coal phaseout plan.

RWE says it wants to be compensated for the premature closure of its coal power plants in line with the most generous pay-outs of the past, a position that ignores the darkening outlook for coal mining and generation, and which pits the company against genuinely affected mining communities for precious taxpayer funds.
energy  fossil-fuel  renewables  economics  finance 
february 2019 by juliusbeezer
Katharine Viner: 'The Guardian's reader funding model is working. It's inspiring' | Membership | The Guardian
To be able to announce today that we have received financial support from more than 1 million readers around the world in the last three years is such a significant step. This model of being funded by our readers through voluntary contributions, subscriptions to the Guardian, the Observer and Guardian Weekly, membership or as part of our patrons programme is working.

This means that within just three years, the Guardian is on a path to being sustainable. We hope to break even by April 2019. It has not been easy and we still have a long way to go – we need you to continue to support us financially, and we need more of our readers to take that step if they can. We continue to face financial challenges, but we are determined to find new ways to make meaningful journalism thrive – and with your help it will.
journalism  guardian  news  newspapers  finance  business 
november 2018 by juliusbeezer
A Marseille, le carrossier provoquait lui-même les accidents
Après plus de 13 accidents en moins de deux ans, c'est l'assurance qui a flairé l'affaire de ce carrossier...

A bord de sa Clio, "une épave" selon nos confrères de la Provence qui relate l'audience au tribunal correctionnel de Marseille, ce carrossier de 41 ans jouait aux auto-tamponneuses près de son garage du 13ème arrondissement avant de faire des constats et proposer ses services.

L'artisan explique avoir monté le stratagème, dès 2012, pour sauver son entreprise du dépôt de bilan, faire grimper son chiffre d'affaires et payer ses salariés. Ainsi, deux ans, l'homme a provoqué 13 accidents, dont 11 de sa responsabilité, pour "refus de priorité". Son assurance, qui avait déjà remboursé 20.000 euros, a alors mené son enquête et a découvert le pot-aux roses.
driving  france  law  finance 
october 2018 by juliusbeezer
Private hire vehicles might soon have to pay the London congestion charge. What difference would it make? – On London
However, CEPA study also anticipates that, as Mayor Khan acknowledged, PHV operators in the Central London area, who tend to be the larger firms, will respond to the loss of the exemption by distributing the bookings they receive differently among their drivers, resulting in a reduced number of drivers who’ve entered the charging zone picking up more passengers there than before and therefore spending more time than before on the area’s roads. That’s a big reason why CEPA’s calculation of the reduction in PHV traffic levels (6%) in the congestion charge zone, is much smaller than their calculation of the number of PHVs that would enter it (45%).

TfL concedes that the estimated one per cent reduction in traffic levels overall “appears modest”, but still contends that it would represent “an important step in managing and reducing congestion in Central London”, with consequential improvements in air quality too. But Gareth Bacon argued that any “very minor” reduction in congestion would also add to cumulative TfL policies enacted in the Mayor’s name, including hikes in licensing fees, that “are going to have an absolutely devastating impact on the private hire industry,” which has seen the number of firms licensed by TfL – as distinct from the number of drivers – fall in recent years, with smaller operators in particular disappearing
urban  transport  roaddiet  London  driving  finance  tax 
september 2018 by juliusbeezer
Over $119bn wiped off Facebook's market cap after growth shock | Technology | The Guardian
More than $119bn (£90.8bn) has been wiped off Facebook’s market value, which includes a $17bn hit to the fortune of its founder, Mark Zuckerberg, after the company told investors that user growth had slowed in the wake of the Cambridge Analytica scandal.

Facebook’s shares plunged 19% on Thursday in New York, a day after the Silicon Valley company revealed that 3 million users in Europe had abandoned the social network since the Observer revealed the Cambridge Analytica breach of 87m Facebook profiles and the introduction of strict European Union data protection legislation.

The collapse of Facebook’s share price is the biggest ever one-day drop in a company’s market value. Shares fell to $176, valuing the company at $510bn, a drop of $119bn from a record high of nearly $630bn on Wednesday.
facebook  socialmedia  finance  privacy  politics 
july 2018 by juliusbeezer
The Face Value of Bitcoin: Proof of Work and the Labour Theory of Value | P2P Foundation
Not only has Bitcoin failed as money, but the asset bubble it has created has diverted investment from real production of goods to speculation, and the mining process consumes a phenomenal amount of energy, with catastrophic environmental effects. Meanwhile, it has done nothing in terms making the economy more fair or reducing the power of either governments, banks or any of the intermediaries it was meant to displace. There is no question that Bitcoin is a failure, a rather disastrous one, even if some speculators have been spectacularly enriched by it.

If there is value in the original vision of Bitcoin, to have a form of money that can be used to make payments across the internet in a way that makes government unnecessary and doesn’t reveal real names or physical location, it needs to be programmed differently. Such a currency would need to work in such a way that the supply of the currency increases when more mining capacity is added to the pool. This allows the market to regulate its exchange value by the natural increase and decrease of investment in mining relative to demand for the currency.
finance  bitcoin 
february 2018 by juliusbeezer
Veridium Review - TGR ICO Natural Capital Tokens Environment FinTech?
Veridium is an alternative trading and digital asset issuance network based on Ethereum. The goal of the platform is to provide a digital token for natural capital commodities and “EcoSmart-Commodities” (a term Veridium has trademarked). Some of the examples of things you can digitize with Veridium include carbon neutral or environmentally neutral commodities.

The first digital token, or Natural Capital asset, released by Veridium is called the TGR. Each TGR is backed by Triple Gold REDD+ credits, which are considered the world’s highest quality environmental credits.

REDD+ credits deliver compound environmental and social returns, forest and biodiversity conservation, carbon emissions, savings and reductions, and a positive social impact for forest-dependent indigenous communities.

TGRs create a common denominator that can easily integrate environmental mitigation credits into commodities transactions with far greater efficiency than anything available today. The TGR is described as a “cryptographic natural capital asset token”. You can trade tokens on the Veridium network. The Veridium network itself is a blockchain-based platform designed to provide open and transparent trading for the pricing of natural capital.
finance  environment  bitcoin  climatechange 
february 2018 by juliusbeezer
Rankings Archive - World Snooker
* – This denotes a player who has a 2 year tour card covering the 2017/18 and 2018/19 season.

ITC – This denotes a player who has an Invitational Tour Card to compete in events.

Where prize money is won without a player winning a match in a tournament, other than in the World Grand Prix and Players Championship, NONE of that prize money will count towards these prize money rankings.

Where prize money is won by a player at a qualifying venue and that player does not go on to appear at the final venue, for whatever reason, that prize money will not count in the prize money rankings until the situation has been considered by the appeals committee who may, at their absolute discretion, allocate ranking points where it can be demonstrated that there are extreme mitigating circumstances. These points will be allocated from the date of the committee meeting and will not affect previously issued draws.

For a full explanation of how the rankings work, click here
sport  finance 
february 2018 by juliusbeezer
Some of the most interesting, least-covered climate-related stories of 2017
Even if EVs are still a relatively small part of the fleet in say, 10 years, that’s still a problem — because they are where the growth is at. This is a great quote explaining why the “energy systems are slow to change” axiom isn’t cause for complacence:

Systemic change is indeed slow, but marginal change can be extremely rapid. And it is marginal change that matters for companies and financial markets.

This piece struck me just because it explored a fact that is often unsaid: Changes at the margin — and therefore, the direction of travel — matter a lot. Because that’s where finance goes.
climatechange  finance  business 
january 2018 by juliusbeezer
Bill McKibben: Winning Slowly Is the Same as Losing - Rolling Stone
But climate change, sadly, isn't a classic contest between two groups of people. It's a negotiation between people on the one hand and physics on the other. And physics doesn't do compromise. Precisely because we've waited so long to take any significant action, physics now demands we move much faster than we want to. Political realism and what you might call "reality realism" are in stark opposition. That's our dilemma.
You could draw it on a graph. The planet's greenhouse-gas emissions are still rising, though more slowly – let's say we manage to top out by 2020. In that case, to meet the planet's goal of holding temperature increases under two degrees Celsius, we have to cut emissions 4.6 percent annually till they go to zero. If we wait till 2025, we have to cut them seven percent annually. If we wait till 2030 – well, it's not even worth putting on the chart. I have to sometimes restrain myself from pointing out how easy it would have been if we'd acted back in the late 1980s, when I was first writing about this – a gradual half a percent a year...
Even much of the money is in place. For $50,000 in insulation, panels and appliances, Mosaic, the biggest solar lender in the country, can make a home run on 100 percent clean energy. "And we can make a zero-down loan, where people save money from Day One," says the company's CEO, Billy Parrish. Mosaic raised $300 million for its last round of bond financing, but it was nearly six times oversubscribed – that is, investors were ready to pony up about $1.8 billion.
climatechange  politics  business  finance 
december 2017 by juliusbeezer
In my head the basic argument for UBI goes like this:
Anyone who’s ever filled out a forms to get a welfare payment or a low income tax credit knows what a drag it all is. Then it’s a massive drag for someone to read it all at the other end and administer the payments. It is humiliatingly intrusive one side, boring make-work the other. Enough of it. The idea of welfare (in the UK at least) incorporates the idea that there is a certain decent minimum needed on which to live. Just dob everyone the cash and be done...
That’s a distraction from the main UBI issue though, which is surely also about liberating junior civil servants from the tedium of “evaluating claimants” towards more socially useful work.
tax  finance  dccomment  UBI 
november 2017 by juliusbeezer
How Walmart corrupted ASDA, at the taxpayer's expense | The People's News
What people are often not aware of, is that Walmart is stripping capital out of countries where it was earned and laundering it through a complex web of subsidiary companies in tax havens around the world.

Currently, it is estimated that there is upwards of $76,000,000,000 hidden in these tax havens. This corporate behaviour is seldom seen in retail, but due to Walmart’s global reach, they have been able to exploit the same tax avoiding schemes normally reserved for Banks. This allows Walmart to shift profits offshore through unfathomably convoluted methods.
business  finance  tax 
november 2017 by juliusbeezer
Abine Blur: passwords, payments, & privacy
Blur was created with one simple mission: to make it easier
to manage and protect your identity without sacrificing convenience.
security  identity  privacy  tools  finance 
october 2017 by juliusbeezer
Mcdonald's Real Estate: How They Really Make Their Money - Wall Street Survivor Blog
Franchising is a model by which fast food chains can expand quickly and efficiently by using the money of small investors. Ray Kroc perfected new franchising techniques, increasing the corporation’s size while maintaining strict control of its products. Around this time is when CFO Sonneborn came up with the strategy that McDonald’s continues to use today.

Instead of making money by selling supplies to franchisees or demanding huge royalties…the McDonald’s Corporation became the landlord to its franchisees.

They bought the properties and then leased them out – at large markups. In addition to that regular income, the corporation would take a percentage of each shop’s gross sales.

Today McDonald’s makes its money on real estate through two methods. Its real estate subsidiary will buy and sell hot properties while also collecting rents on each of its franchised locations. McDonald’s restaurants are in over 100 countries and have probably served over 100 billion hamburgers. There are over 36,000 locations worldwide, of which only 15% are owned and operated by the McDonald’s corporation directly. The rest are franchisee-operated.
business  economics  finance  urban  land 
october 2017 by juliusbeezer
NHS drug spending rises by 8% to £15.5bn in England | News | Pharmaceutical Journal
The costs of NHS medicines prescribed in hospital and in the community in England rose by 7.8% between 2013–2014 and 2014–2015, according to figures released by the Health and Social Care Information Centre (HSCIC) on 12 November 2015.

The biggest rise occurred in hospitals where the net ingredient cost of medicines went up 15.4%. The figure means that the sector’s medicines’ bill has risen by 59.8% over the past four years.

Overall the NHS in England spent £15.5bn on medicines in 2014–2015 — a rise of 19.4% since 2010–2011, the figures reveal.
drugs  healthcare  uk  finance  economics 
october 2017 by juliusbeezer
Lords of Misrule | Matt Stoller
By the mid-2000s, though, Sporkin’s Silver Age faded into brass—and got smeared with generous helpings of chickenshit. One of the chief villains here is Mary Jo White, who headed the Southern District before Jim Comey and trained Preet Bharara. When she was appointed to run the SEC in 2013, President Obama said that “You don’t want to mess with Mary Jo.” Like much of the pseudo-populist rhetoric of the Obama age, it was fake tough-guy talk; Mary Jo White was in fact a softie at the SEC, pulling back on the already fading agency’s disclosure rules. Before she took the reins, she had represented some of the key villains in the financial crisis. This in itself is not a disqualification; what is scandalous is that she was caught discussing a proposal to procure a private-sector job for the SEC official who was in charge of investigating one of her clients, then Morgan Stanley CEO John Mack. Sure enough, the official got his job at her law firm, and Mack was never charged. Everything about White, from Obama’s phony get-tough bluster, to White’s delusional sense of her own upstanding moral character in the face of rancid corruption, to the destruction of Sporkin’s legacy, is sickening beyond belief.
finance  law  us  politics 
september 2017 by juliusbeezer
Hurricane Harvey raises awkward questions over US energy ambitions
With domestic consumption down slightly and exports surging, US oil import dependency plunged to a mere 25 per cent last year from as high as 60 per cent in 2005. On paper, that sounds like a big step for energy security. But the flipside is higher reliance on potentially vulnerable Gulf Coast infrastructure. On the downstream side, operating refining capacity in coastal Texas and Louisiana jumped by almost a quarter from about 7m barrels per day on the eve of Katrina to 9.7 bpd at the latest count, even as capacity elsewhere edged down, lifting the Gulf’s share of US refining activity to nearly half of the total.

The same dependency on the Gulf applies for logistics. Rising exports and falling imports turned the US into a net exporter of gasoline (including both finished product and blending components) last year. Roughly 90 per cent of gross exports came from the Gulf. The region leads the US surge in virtually all other types of oil exports by a wide margin: as of 2016, the Gulf accounted for 54 per cent of US exports of crude, 68 per cent of natural gas liquids, 86 per cent of diesel and 75 per cent of jet fuel — a much higher share of a much higher total.

One of the unexpected consequences of the US shale boom is the rising co-vulnerability of its increasingly complex and integrated energy system. Even inland plays such as the Permian, the shale industry’s star performer, seemingly out of harm’s way, have become exposed to the risk of weather disruptions at coastal refineries, pipelines and export facilities on which they depend for market access.
oil  energy  us  finance  economics 
september 2017 by juliusbeezer
IMF admits disastrous love affair with the euro and apologises for the immolation of Greece
The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions.
It describes a “culture of complacency”, prone to “superficial and mechanistic” analysis, and traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organisation.
economics  finance  eu  politics 
august 2017 by juliusbeezer
Les périmètres des Zones de Revitalisation Rurale (ZRR) ont été redéfinis — Géoconfluences
La réforme des Zones de Revitalisation Rurale, votée en loi de finances rectificatives pour 2015, entre en vigueur le 1er juillet 2017. Les critères de classement en ZRR ont été simplifiés. Un EPCI, pour être classé, doit cumuler :
- une densité de population inférieure ou égale à la médiane des densités par EPCI
- et un revenu fiscal par unité de consommation médian inférieur ou égal à la médiane des revenus fiscaux médians.

D'autres communes sont classées ZRR pour les raisons dérogatoires suivantes :
ZRR  france  maps  politics  tax  finance  business 
august 2017 by juliusbeezer
Loire à vélo. L'économie locale dopée par les cyclistes | Courrier de l'Ouest
Les retombées économiques du circuit de la Loire à vélo sont assez énormes. » Nathalie Ferrand-Stip, en charge des itinérances notamment à vélo à l’agence départementale du tourisme de l’Anjou, l’affirme sans détours. « Les touristes à vélo dépensent en moyenne 80 € par jour contre 67 € en 2010 », insiste-t-elle, en reprenant les chiffres-clés d’une étude de fréquentation et de retombées économiques, menée en 2015, sur les régions Centre-Val-de-Loire et Pays de la Loire.
Cette même étude parle de 30 millions d’euros de retombées économiques estimées au cours de l’année 2015. Un chiffre assez vertigineux qui aiguise forcément l’appétit des collectivités locales, des artisans, commerçants et entreprises.
cycling  economics  finance  tourisme  france  Loire 
august 2017 by juliusbeezer
Ten years after the crash, there’s barely suppressed civil war in Britain | Aditya Chakrabortty | Opinion | The Guardian
Everyone knows history is written by the victors, but this is something else: bullshit recounted by the bullshitters. Even the banks are back to bragging how many billions they generously chip in to Her Majesty’s Exchequer, presumably hoping no one will point out that they took £1.3tn from taxpayers in just a few months in 2008.

Let’s get three things straight. First, it was working- and middle-class Britons who paid for the mess, who are still paying for it now and who will keep paying for it decades from now. Second, the crash has prompted almost no fundamental reckoning or reform. And, most importantly, the combination of those first two factors means the crash that began in 2007 cannot be consigned to the past. Today’s politics – from Brexit to Trump and the collapse of centrism – is just one of its products.
finance  politics 
august 2017 by juliusbeezer
Why are investors pouring millions into controversial dockless bike hire? | road.cc
There were 18 million bicycle sharing users by the end of 2016 and this will increase by 200,000 per month in 2017.
AdTech Ad

The true value for any company is having an account linked to a user’s credit card details, be it Uber or Spotify.

Coupled with geolocation data, this provides a wealth of information and the possibility to squeeze more spending out of each user.
finance  cycling 
august 2017 by juliusbeezer
BlackRock Busts $1 Billion Green Power Goal With Second Fund - Bloomberg
BlackRock Inc. exceeded a $1 billion fundraising target for wind and solar investments for its latest global clean energy fund, underscoring investor interest in renewable energy amid policy uncertainty in key markets.

The second Global Renewable Power Fund, or GRP II, managed by BlackRock’s Real Assets closed after it raised $1.6 billion from 67 pension funds, insurance companies and institutional investors, according to a statement on Wednesday.
climatechange  finance  renewables 
july 2017 by juliusbeezer
Driving…an extinction event | WMP Traffic
piece of technology that precedes the driverless car, the insurance black box. Yes that’s right those little black boxes really do work, it would seem that the threat of having your insurance cancelled and suffering a large financial penalty if you drive to a substandard level seems to work, fancy that…..it’s almost like enforcement by the back door, shame that insurance companies don’t make them mandatory really, the effect would be profound, cheaper policies, better driving, insurance monitoring black boxes literally saving lives, contributing to the wellbeing of society………just a thought. And for those who are screaming “it’s just the big brother nanny state telling us what to do and how to live our lives” just remember, drivers were trusted to do the right thing, but alas can’t, just stand at the side of any road with a speed gun and see how many cars actually exceed the speed limit, most do. Some may complain of the nanny state but it’s become increasingly necessary when it comes to motorised road use, just look at the comments by most drivers regards road safety on social media, attitude says a lot about behaviour, if you went on some comments seen on social media regards sharing the road and improving safety you wouldn’t let these people drive a child’s pedal car around your garden, let alone a vehicle on the road with all the risk that carries.
police  uk  driving  driverless  finance 
may 2017 by juliusbeezer
Comment récupérer 200 milliards d'euros sans imposer aux Français une cure d'austérité - Basta !
L’association altermondialiste Attac et le collectif « Nos droits contre leurs privilèges », qui rassemble plusieurs organisations de la société civile et des syndicats de l’administration fiscale, se sont livrés à un petit exercice de chiffrage un peu différent. Leur rapport, rendu public ce 28 mars et intitulé « Rendez l’argent ! », chiffre à 200 milliards d’euros la somme qui peut être récupérée en menant des politiques fiscales plus justes. De quoi, selon ces organisations, financer des centaines de milliers de créations d’emplois utiles à la transition écologique, relancer la recherche publique, favoriser l’accès à l’éducation et à la santé, ou ressusciter l’aide publique au développement.
Renforcer la lutte contre la fraude fiscale : 60 à 80 milliards
finance  france  politics 
april 2017 by juliusbeezer
La Sécurité sociale, une assistance ou un droit ?, par Martine Bulard (Le Monde diplomatique, avril 2017)
Le reliquat est à la charge des patients ; cela représente 16 % pour les médicaments, par exemple.

Ce système, à bout de souffle, conduit entre 21 et 36 % des Français à renoncer aux soins pour des raisons financières (3). Derrière ces statistiques, il y a des enfants sans lunettes alors qu’ils en auraient besoin (ce qui entraîne parfois un retard scolaire) ; des dents qu’on arrache au lieu de les soigner ; des bronchites négligées qui dégénèrent, des personnes âgées qui s’isolent de plus en plus faute d’appareil auditif ... On sait que les renoncements d’aujourd’hui font les grosses pathologies de demain, et donc des frais supplémentaires pour la Sécurité sociale.
france  healthcare  finance 
april 2017 by juliusbeezer
With this new system, scientists never have to write a grant application again | Science | AAAS
In Bollen’s system, scientists no longer have to apply; instead, they all receive an equal share of the funding budget annually—some €30,000 in the Netherlands, and $100,000 in the United States—but they have to donate a fixed percentage to other scientists whose work they respect and find important. “Our system is not based on committees’ judgments, but on the wisdom of the crowd,” Scheffer told the meeting.

Bollen and his colleagues have tested their idea in computer simulations. If scientists allocated 50% of their money to colleagues they cite in their papers, research funds would roughly be distributed the way funding agencies currently do, they showed in a paper last year—but at much lower overhead costs.
science  finance  peerreview 
april 2017 by juliusbeezer
Asphyxié par le nucléaire, le groupe EDF dans la tourmente - Greenpeace France
C’est d’abord sur la question des coûts liés au démantèlement des centrales et au traitement des déchets que le bât blesse : EDF les sous-estime drastiquement. L’entreprise devrait dès aujourd’hui mettre 50 milliards de côté.

Mais si le groupe ne le fait pas, c’est peut-être parce que cela entraînerait irrémédiablement sa faillite. Ce n’est pas qu’une histoire de chiffres : le groupe en est tout simplement incapable et ne peut pas compter sur l’Etat, et donc sur les contribuables, pour renflouer ses comptes.

Un petit jeu qui lui permet en tout cas de tromper sur sa santé financière – et qui inquiète par son irresponsabilité.
nukes  finance 
march 2017 by juliusbeezer
Evasion fiscale : qui sont ces intermédiaires qui aident les plus riches à échapper à l’impôt ? - [Les eurodéputés Europe Écologie au Parlement européen]
Les Verts/ALE au Parlement européen ont utilité les données rendues publiques par le CIJI concernant les Panama Papers (mais également des Offshore et Bahama Leaks) pour enquêter sur le rôle des intermédiaires comme Mossack Fonseca, qui aident les plus riches à échapper à l’impôt en créant et gérant ces entreprises fictives. Malgré les limites des données recueillies, nous avons ainsi pu retracer l’identité et l’origine de certains de ces intermédiaires.

Hong Kong, le Royaume-Uni et les États-Unis sont les trois principaux pays d’origine de ces intermédiaires fiscaux. Si l’Asie est le premier continent d’accueil de ces intermédiaires, l’Europe décroche tristement la deuxième place. En Europe, le Royaume-Uni, la Suisse et le Luxembourg sont sur les marches du podium. 90% de tous les intermédiaires jouant un rôle dans l’évasion fiscale au niveau mondial sont regroupés en Asie, en Europe et en Amérique centrale et du Nord. Relativement peu d’entre eux ont choisi l’Amérique du Sud, l’Afrique et l’Océanie comme pays d’accueil. Le business de l’évasion fiscale ne concerne donc pas simplement le Panama ou les Bahamas ! Tous les pays du monde sont concernés, l’Union européenne y compris.
tax  finance  eu  us  uk 
february 2017 by juliusbeezer
What the HBOS fraud tells us about British banking - Ian Fraser
While it undoubtedly pleasing to see justice done and that at least some crooked bankers and their accomplices have been brought to book, the problems with British banking, clearly, go much, much deeper than this. I suspect that the ‘Wild West’ of “turnaround consultants”, insolvency practitioners and banks’ “business support units” will come under much scrutiny and that legislation underpinning these areas will have to be tightened up. Also, it is said that the outcome of the case has caused palpitations at the Royal Bank of Scotland, whose own business support unit, Global Restructuring Group, stands accused of employing similar tactics to Bank of Scotland Corporate and Quayside, albeit without the same degree of blatant criminality, sex or bling.
finance  crime 
february 2017 by juliusbeezer
Enerfip vous éclaire sur ... l'épargne participative, les investissements responsables, la transition énergétique et ses placements
Vous trouverez ici toute une série d’articles pédagogiques quant à notre activité !
Les problématiques environnementales vous touchent particulièrement et vous souhaiteriez profiter de placements à haut rendement tout en soutenant des projets novateurs ?
Dédiée aux énergies renouvelables sous toutes leurs formes, notre plateforme de financement participatif s’adresse justement aux citoyens souhaitant s’impliquer activement dans la Transition Énergétique.

Notre section « Pour aller plus loin » vous permet de faire le point sur les notions de crowdfunding, de financement participatif et d’obligations. Nous vous proposons de découvrir toutes les facettes de ce mode d’investissement, de faire le point sur vos responsabilités en tant qu’investisseurs mais également sur tous les avantages proposés par notre plateforme ! L’épargne avec Enerfip n’aura bientôt plus aucun secret pour vous ! Vous l’avez sans doute déjà compris : les projets présentés sur Enerfip mettent les énergies renouvelables à l’honneur et sont portés par des citoyens passionnés par ce domaine. Sensibles à ces enjeux, vous aimeriez vous engager dans un projet qui vous tient à cœur ?
energy  france  crowdfunding  finance 
february 2017 by juliusbeezer
Eric Holder’s Longtime Excuse for Not Prosecuting Banks Just Crashed and Burned
The report — the result of a three-year investigation — shows that aggressive attorneys did want to prosecute HSBC, but Holder overruled them.

In September 2012, the Justice Department’s Asset Forfeiture and Money Laundering Section (AFMLS) formally recommended that HSBC be prosecuted for its numerous financial crimes.

The history: From 2006 to 2010, HSBC failed to monitor billions of dollars of U.S. dollar purchases with drug trafficking proceeds in Mexico. It also conducted business going back to the mid-1990s on behalf of customers in Cuba, Iran, Libya, Sudan, and Burma, while they were under sanctions. Such transactions were banned by U.S. law.
finance  crime  law 
december 2016 by juliusbeezer
World's Biggest Windmills Now Make Jumbo Jets Look Tiny - Bloomberg
“The doubling of turbine size this decade will allow wind farms in 2020 to use half the number of turbines compared to 2010,” said Tom Harries, an industry analyst at Bloomberg New Energy Finance. “This means fewer foundations, less cabling and simpler installation -- all key in slashing costs for the industry.”
renewables  business  finance 
december 2016 by juliusbeezer
Michael Lewis and the Narrative Nonfiction Formula - Los Angeles Review of Books
The scientific narrative nonfiction formula, as Lewis and Gladwell use it, consists of depicting a character or small cadre of characters who embody a counterintuitive claim — especially counterintuitive for a behavioral or psychological subject (so that readers feel as though it might have application to their own lives). The scientific narrative nonfiction author then moves the reader from his or her original perception of the status quo to the counterintuitive truism through a winding road of anecdotes and eccentricities provided by the character or characters, all the while shearing and honing these stories for salience and readability. “You think that ‘experts’ have a solid grasp on something? Actually, here are some relatively unknown people who can prove otherwise.” This is the crux of the formula.

Importantly, the reader must be somewhat educated (and thus interested in the subject at hand), but not too knowledgeable in the specific field being discussed. Someone who knows Kahneman and Tversky’s history well may find little new in The Undoing Project. The most important skill for the likes of Lewis and Gladwell comes mostly at the outset: identifying the character or characters who can provide the kind of stories and perspectives to take the reader from what he thinks he knows to what he should know.
writing  finance  journalism 
december 2016 by juliusbeezer
Britain's dysfunctional housing market | Centre for Progressive Capitalism
The data shows that the UK redistributes significantly more tax than all other European countries costing Britain a startling 1.4 per cent of GDP – nearly 10 times that of Germany. Attempts to reduce this bill through a benefits cap in 2013 have probably had a small downward effect on the overall amount. However, it is clear that Britain’s broken housing market needs to be fundamentally reformed if construction rates are to jump and the redistribution of taxes for housing benefit due to excessively high rents is to fall.
finance  housing 
november 2016 by juliusbeezer
Marginal gains: What Team Sky's success can teach us about achieving money goals
The secret of Sky's success lies in the phenomenally effective approach of team manager Sir David Brailsford, which has become known as "marginal gains". The principle is to break down every aspect of an activity and try to do it 1 per cent better, with a significant increase in performance when you put all these improvements together.

In cycling, this ranges across everything from how athletes wash their hands, to the perfect positioning of their head to reduce wind resistance and installing tyres perfectly straight to the wheel rim. It also extends to areas previously not associated with cycling performance, as Brailsford explained in a recent interview with Freakonomics Radio, when he discussed the daily routine for Team Sky while competing:

"The hotel is given to you by the organisation, you can't change it, you don't know what the mattress is going to be like, you don't know what the room is going to be like. So we have a forward team that go into the hotels and they have a room protocol. Basically, they lift the bed up, they Hoover under the bed,
cycling  finance  methodology  science  management 
november 2016 by juliusbeezer
The Trump Stock Rally: Calamity Averted With a Little Charm - The New York Times
Even if the market’s infatuation with Mr. Trump lingers, to predict rosy days ahead, you have to make a number of assumptions, and some of them may be a stretch. Make your own list.

Here are a few suggestions, just to get started: Mr. Trump will always be a calm and soothing presence and will not lead the country into major crises; he will smoothly conclude legislative deals with conservative congressional Republicans for whom policies like deficit spending are anathema; his avowed “America first” policies will not severely damage emerging market nations or start debilitating trade wars or otherwise destabilize the global economy; he will appoint effective Federal Reserve Board members; and his plans to deregulate industry and dismantle the Obama legacy will benefit the economy and the markets.
us  politics  finance 
november 2016 by juliusbeezer
Admiral to price car insurance based on Facebook posts | Technology | The Guardian
Admiral Insurance will analyse the Facebook accounts of first-time car owners to look for personality traits that are linked to safe driving. For example, individuals who are identified as conscientious and well-organised will score well.

The insurer will examine posts and likes by the Facebook user, although not photos, looking for habits that research shows are linked to these traits. These include writing in short concrete sentences, using lists, and arranging to meet friends at a set time and place, rather than just “tonight”.

In contrast, evidence that the Facebook user might be overconfident – such as the use of exclamation marks and the frequent use of “always” or “never” rather than “maybe” – will count against them.
facebook  finance  psychology  socialmedia 
november 2016 by juliusbeezer
Secret government papers show taxpayers will pick up costs of Hinkley nuclear waste storage | UK news | The Guardian
earlier this month, on the very last day before government officials had to submit their defence against an appeal for disclosure of the information, the department released a “Nuclear Waste Transfer Pricing Methodology Notification Paper”. Marked “commercial in confidence”, it states that “unlimited exposure to risks relating to the costs of disposing of their waste in a GDF [geological disposal facility], could not be accepted by the operator as they would prevent the operator from securing the finance necessary to undertake the project”.

Instead the document explains that there will be a “cap on the liability of the operator of the nuclear power station which would apply in a worst-case scenario”. It adds: “The UK government accepts that, in setting a cap, the residual risk, of the very worst-case scenarios where actual cost might exceed the cap, is being borne by the government.”

Separate documents confirm that the cap also applies should the cost of decommissioning the reactor at the end of its life balloon.
nukes  finance 
october 2016 by juliusbeezer
Clinton and Goldman: Why It Matters | by Simon Head | NYR Daily | The New York Review of Books
These long-running ties with Goldman have paid off for the Clintons. According to a July 2014 analysis in the Wall Street Journal, from 1992 to the present Goldman has been the Clintons’ number one Wall Street contributor, based on speaking fees, charitable donations, and campaign contributions, the three pillars of what I’ve called the Clinton System. As early as 2000, Goldman was the second most generous funder—after Citigroup—of Hillary Clinton’s 2000 Senate campaign, with a contribution of $711,000. In the early 2000s, Bill Clinton was also a Goldman beneficiary, receiving $650,000 from Goldman for four speeches delivered between December 2004 and June 2005. (The transcripts of these speeches do not appear to be currently available.)

By the winter of 2006–2007, however, Goldman and its CEO Lloyd Blankfein were becoming deeply involved in the collapsing housing bubble—and engaging in the practices that have since resulted in years of investigations and lawsuits.
us  politics  finance 
october 2016 by juliusbeezer
Twitter is a cultural success and a business failure
Twitter may be caught in the dilemma faced by many technology companies: Its health depends on continued growth, yet there may be a finite universe of users. Certainly Twitter’s service isn’t for everybody. Most people with Twitter accounts don’t use them regularly, and as many as 44% of users have never tweeted, according to a 2014 analysis.

In media, politics, technology, and entertainment, Twitter has become an essential tool. But anyone outside the conversation can be forgiven for wondering what all the fuss is about.
twitter  internet  finance 
october 2016 by juliusbeezer
Downing St dressing-down shows Barwell’s out of his depth | Inside Croydon
the majority of his constituents, a growing number of whom are homeless and unable even to get a council home to rent because of the Thatcherite housing policies of the past 35 years.

Barwell has described the homelessness crisis as “a moral shame on us”. But he has yet to show any willingness to address the fundamental issue: the need to build many more homes, and that these homes should be available to be lived in by people who are not fortunate through accidents of birth to be heirs to small fortunes.
politics  uk  finance  tax  jbcomment 
october 2016 by juliusbeezer
| A Pitch Perfect Illustration of Blockchain Hype
If you’ve been paying the slightest attention to financial markets lately, you’ll know that blockchain is The New Big Thing. Entrepreneurs and incumbent financial behemoths alike are claiming it will transform every aspect of financial markets.

The techno-utopianism makes me extremely skeptical. I will lay out the broader case for my skepticism in a forthcoming post. For now, I will discuss a specific example that illustrates odd combination of cluelessness and hype that characterizes many blockchain initiatives.

Titled “Blockchain startup aims to replace clearinghouses,” the article breathlessly describes a post-trade start-up based on hyperledger technology that it says is designed to "disintermediate central counterparties (CCPs) from the clearing process, effectively removing their role in key areas".

I have often noted that CCPs offer a bundle of many services, and it is possible to considering unbundling some of them. But there are certain core functions of CCP clearing that this blockchain proposal does not offer.

Most importantly, CCPs mutualize default risk: this is truly one of the core features of a CCP. This proposal does not, meaning that it provides a fundamentally different service than a CCP.
blockchain  bitcoin  finance 
october 2016 by juliusbeezer
The City exodus is already happening. It just doesn’t look like you expect it to
Banks have – in the most dramatic fashion – been alerted to the fact that the old (super-efficient) hub-and-spoke system run out of London massively concentrates political risk. Some 87pc of the EU staff of US investment banks work in the UK, according to New Financial, the capital markets think tank. They are now coming to the conclusion it might make sense to spread themselves around a bit.

To which European cities will those activities migrate? Take your pick. Will X Bank move X thousand staff to Paris, Frankfurt or Dublin? No. Could X Bank cut a few hundred/thousand jobs in London (or just not replace natural churn) and then hire a few hundred/thousand people in a variety of different European cities (with some maybe going to New York)? Yes.

Will another European city rise to challenge London as the main financial hub in this time zone? No. But if each takes a few percentage points of market share from the City, it will start to add up. Will London cease to be a prominent global financial centre? Also no (only about 25pc to 30pc of the City’s business is with the EU).
finance  eu  uk  politics 
october 2016 by juliusbeezer
Why You Should Blame the Financial Crisis for Political Polarization and the Rise of Trump - Evonomics
the extreme right (think Golden Dawn, or the National Front in France) as the principal political beneficiary of postcrisis partisanship. “Voters seem to be systematically lured by the political rhetoric of the far right, with its frequently nationalistic or xenophobic tendencies,” they write. Overall, they conclude, “the political effects [of banking and financial crises] are particularly disruptive.”

That’s certainly true here in the US as well, where Trump’s presidential campaign in particular exploits an underlying angst that the government is representing well-organized special interests at the general public’s expense. Ironically, much of the support for the Sanders campaign also reflects the same angst. This, rather than the classic debtor-creditor conflict that emerged with the Tea Party and the Occupy movement, is behind much of their backing.
politics  economics  finance 
september 2016 by juliusbeezer
Carbon Footprint Ltd - Household Energy Consumption
The table below gives you an idea of which appliances in your household are contributing the most to your carbon footprint. We have highlighted the low energy light bulb in red to show you that it could save you £12 per year in electricity costs if used instead of a standard 100W bulb.
energy  finance 
august 2016 by juliusbeezer
The truth about Trident: the shocking fact that would turn us all against paying for nukes | The Canary
As parliament debates the renewal of Trident, the UK’s “nuclear deterrent” – the arguments surrounding the controversial weapons system rage as fiercely as ever. But there’s one aspect which has been repeatedly overlooked. UK banks not only finance our nuclear deterrent, but also our supposed “enemy” Russia’s as well, and senior politicians enjoy a direct financial profit through keeping Trident.
military  war  finance 
july 2016 by juliusbeezer
StephenWattam.com - 'Blog
they want to use Twitter to measure some kind of human impact or reach: Twitter routinely detects and bans certain types of bot (such as those responsible for spam or manipulation of metrics), and there are 3rd-party services to do this too.

Mo is not one of those people. He heard this tale and imagined the fame and fortune that comes from having a small army of devoted followers hanging on his every word.

So, we went on fiverr.com and bought him three thousand new friends, for the princely sum of £3.84.
twitter  attention  finance 
july 2016 by juliusbeezer
Here’s what publicly owned energy would actually cost – and why the stockbrokers got it wrong | openDemocracy
A substantial majority of people want to see the UK’s electricity and gas services in public ownership. We think that the private companies are charging us far too much; we want to move much faster towards generating electricity from renewable sources like wind and solar; and we want the whole system to be transparent and accountable to the public instead of shrouded in corporate secrecy and double-speak.

When Jeremy Corbyn supported this view during his leadership campaign in August 2015, the mainstream media didn’t discuss any of these issues – they just insisted we couldn’t afford it. The Daily Telegraph, the Guardian and the Sun all triumphantly headlined a claim from city stockbroker Jefferies that Corbyn’s scheme would cost £124 billion or £185 billion, and we obviously can’t afford that, and so we have to put up with privatised energy for ever.

Unfortunately, the stockbroker’s claim was about as accurate as the forecast of a Burnham victory. A far more realistic estimate is that compensation could cost about £24-36 billion, in return for which we would save over £3 billion every year, mainly by losing the burden of shareholders’ dividends. That’s a return of nearly 10% or more – not a bad investment, by any standards
media  finance  energy 
april 2016 by juliusbeezer
The 1% hide their money offshore – then use it to corrupt our democracy | Aditya Chakrabortty | News | The Guardian
the risk is that all this will descend into a morass of semi-titillating detail: a string of revelations about who gave what to whom, and whether he or she then declared it to the Revenue. The story will become about “handling” and “narrative” and individual culpability. That will be entertaining for those who like to point fingers, perplexing for those too busy to engage in the detail – and miss the wider truth revealed by the leak which forced all this into public discussion.

Because at root, the Panama Papers are not about tax. They’re not even about money. What the Panama Papers really depict is the corruption of our democracy.

Following on from LuxLeaks, the Panama Papers confirm that the super-rich have effectively exited the economic system the rest of us have to live in. Thirty years of runaway incomes for those at the top, and the full armoury of expensive financial sophistication, mean they no longer play by the same rules the rest of us have to follow. Tax havens are simply one reflection of that reality.
finance  economics  politics  tax 
april 2016 by juliusbeezer
Science Bubbles - Springer
Much like the trade and traits of bubbles in financial markets, similar bubbles appear on the science market. When economic bubbles burst, the drop in prices causes the crash of unsustainable investments leading to an investor confidence crisis possibly followed by a financial panic. But when bubbles appear in science, truth and reliability are the first victims. This paper explores how fashions in research funding and research management may turn science into something like a bubble economy.
science  sciencepublishing  fashion  economics  finance 
february 2016 by juliusbeezer
Finextra: Fintech future: Welcome to the the Bank of Big Mac
it was a picture card game with the apparent objective of winning as many cards as possible. After a short while a couple of smug-looking kids (you know the sort!) had mastered the game and accumulated the majority of the cards to the obvious disdain of the rest, including my daughter!

I was waiting for the inevitable tears and tantrums but instead something interesting happened - the children holding the least cards casually got up and walked away to go play a more fun game, leaving the now much-less-smug looking kids holding their (suddenly worthless!) cards...
Mikhail is a farmer in a small Russian village called Kolionovo, about 100 miles east of Moscow. One day Mikhail gets hold of a colour printer and decides it would be a laugh to create a currency for his village called "Kolions", a kinda fun form of IOU for bartering between his farmer buddies. It's all going well until he is taken to court by prosecutors from the Russian Central Bank and ordered to cease immediately. His defence is that it was just a "game". The RCB called it illegal and a threat to Russia's sole legal currency, the ruble,
finance  politics 
february 2016 by juliusbeezer
turkopticon.
Turkopticon helps the people in the 'crowd' of crowdsourcing watch out for each other—because nobody else seems to be.

Almost half of the Mechanical Turk workers who wrote their Bill of Rights demanded protection from employers who take their work without paying. Turkopticon lets you REPORT and AVOID shady employers.
crowdsourcing  finance  business 
february 2016 by juliusbeezer
Currency volatility a fear for SMEs as EU referendum looms » SMEInsider
less than half (47 per cent) take any notice of foreign exchange markets and 35 per cent don’t think that having a currency strategy is important.
The study also revealed that small and medium-sized firms are dangerously exposed to currency fluctuations, with 45 per cent admitting they have been affected by sudden exchange rate changes and 25 per cent saying they were severely affected.

Forty three per cent said they did not understand the impact forex movements have on their business, while more than half (51 per cent) are scared by the prospec
business  finance  eu 
january 2016 by juliusbeezer
The resolution of the Bitcoin experiment — Medium
In case you haven’t been keeping up with Bitcoin, here is how the network looks as of January 2016.

The block chain is full. You may wonder how it is possible for what is essentially a series of files to be “full”. The answer is that an entirely artificial capacity cap of one megabyte per block, put in place as a temporary kludge a long time ago, has not been removed and as a result the network’s capacity is now almost completely exhausted.
bitcoin  finance 
january 2016 by juliusbeezer
Brickwatch - Lego® PriceWatch
This is a site which monitors prices of LEGO sets on various retail sites.
We are currently monitoring prices of 1,105 LEGO sets!
lego  finance 
january 2016 by juliusbeezer
Science in the Open » Blog Archive » The Marginal Costs of Article Publishing – Critiquing the Standard Analytics Study
In this post I will critique those claims and attempt to derive a cost that fully represents the base marginal cost of article publishing, while pointing out that such average estimates are probably not very useful. The central point is that the paper shows not marginal costs but (a proportion of) the per particle technical platform costs. It is however the case that their central point, that modular, low cost and flexible platforms that create efficiencies of scale, offer the opportunity for radically cheaper scholarly publishing systems.
openaccess  scholarly  finance  sciencepublishing 
january 2016 by juliusbeezer
Two Undeniable Arguments for a Land Value Tax (and Two Weak Ones) | Progress.org
A land value tax would fix a number of significant market inefficiencies and make the whole economy more productive and robust.

Urbanization has played a big role in mankind’s material prosperity. And the whole point in urbanization is bringing people closer together to allow new types of trade, more specialization, as well as the collision and evolution of ideas. As proximity matters, location matters. Owning location is the right to charge others for participating in an economy – and for local public services.
politics  tax  land  finance  economics 
december 2015 by juliusbeezer
Forests Emerge as a Big Winner in Paris Agreement | Gustavo Silva-Chávez
All countries agreed on simple but strong language that operationalizes forest protection and flips the 'on' switch for the international finance to make it happen. It also brings in the necessary technical and scientific rules to make sure there is the blueprint to build national forest protection plans. In doing so, they expanded the opportunities for forests to play a key part in our global response to climate change, helping to achieve both mitigation and adaptation goals.

Why was it so important that forests be included prominently in the Paris Agreement? Deforestation, primarily in the tropics, currently accounts for about 10 percent of annual carbon emissions worldwide -- about as much as all cars and trucks on the planet combined. But as Jonah Busch of the Center for Global Development points out, stopping all tropical deforestation would cut greenhouse gas emissions by as much as a third, and at a fraction of the cost of comparable emissions reductions in the United States or Europe.
climatechange  environment  finance  politics 
december 2015 by juliusbeezer
Elsevier Granted Injunction Against Research Paper 'Pirate Site;' Which Immediately Moves To New Domain To Dodge It | Techdirt
Not officially part of the open-access movement are repositories run by Alexandra Elbakyan, a researcher born and educated in Kazakhstan. Elbakyan's first efforts to liberate documents from behind publisher paywalls were limited to fulfilling requests made by other researchers in online forums. When she saw the demand far exceeded the supply, she automated the process, stashing the documents at Sci-Hub.org.
archiving  arxiv  scholarly  finance  dccomment 
december 2015 by juliusbeezer
The Snowden Of Swiss Bank Accounts Is Sentenced To Prison While White Collar Criminals Go Free | ThinkProgress
Herve Falciani spent two years gathering data about how the bank HSBC handled and concealed the wealth of clients at its Swiss branches. The files he stole offered information about 30,000 separate accounts with HSBC, as well as internal correspondence revealing how the British bank’s Swiss branch did business. Falciani allegedly sought money from various international governments who would have used the data to prosecute citizens who used HSBC to duck taxes...
Falciani’s actions also violated Switzerland’s notoriously strict bank secrecy laws, which have begun to loosen in recent years as American officials try to crack down on tax evasion. Swiss prosecutors wanted Falciani to serve six years, the harshest punishment they have ever sought over alleged theft of bank data.
switzerland  finance  law 
december 2015 by juliusbeezer
CLIMATE: Bill Gates preps biggest clean energy fund 'in history' -- November 27, 2015 at 7:54 AM -- www.eenews.net
Gates and other billionaires, meanwhile, will pledge a pool of money to assist the cooperative projects. The exact spending amount was unclear yesterday, but one source put it in the billions of dollars.

"This is the single biggest cooperative research and development partnership in history," the source said.
climatechange  energy  research  finance 
november 2015 by juliusbeezer
European Institutional Investors Hungry for More Renewables | Offshore Wind
More than six out of ten (61%) institutional investors in Europe expect to increase their exposure to renewable infrastructure, with nearly half of them (48%) expecting further investments into offshore wind, according to a new study commissioned by alternative investment firm Aquila Capital.

A further 30% of investors plan to maintain their exposure to renewables over the next three years, with just 3% of respondents predicting a fall in allocations.

The research shows that nearly half (48%) of respondents cited portfolio diversification as the main reason for investing in renewables, closely followed by reliable long-term cash flows (44%) and portfolio returns (43%). Environmental factors were cited by only (22%) of investors as their primary driver.
renewables  finance 
november 2015 by juliusbeezer
Law enforcement took more stuff from people than burglars did last year - The Washington Post
In the United States, in 2014, more cash and property transferred hands via civil asset forfeiture than via burglary. The total value of asset forfeitures was more than one-third of the total value of property stolen by criminals in 2014. That represents something of a sea change in the way police do business — and it's prompting plenty of scrutiny of the practice.
police  us  finance 
november 2015 by juliusbeezer
Inside a Goldman Sachs Abacus Deal | Dear John Thain
the ABACUS trades were designed to be efficient shorts of various real estate markets. However, beyond that basic function, they were structured in a manner that allowed Goldman to extract much more value than they could in the open markets by just using CDS contracts. As I've stated, the very short call feature, the ability to synthetically create the most efficient short possible, and the structure of the transaction all are much better for Goldman than normal, open-market transactions. This allowed Goldman to maximize profits by reducing their costs and as much as possible and still short the real estate markets.
[after Veroufakis/Kaiser interview]
finance 
november 2015 by juliusbeezer
DW: Offshore Wind to See over €200Bn CapEx Invested in Next Decade | Offshore Wind
Over €200bn of Capital Expenditure will be invested in the offshore wind sector over the next decade, resulting in forecast cumulative capacity of ~74GW by 2025. This will be driven by a large number of developments taking place in the UK, Germany and China and strengthened by the growth of new entrants to the offshore wind sector, such as France and the USA.
renewables  finance 
november 2015 by juliusbeezer
What Open-Access Publishing Actually Costs - The Chronicle of Higher Education
The Open Library of the Humanities is completely open access, and authors are not charged to publish in its journals. But like any nonprofit, the organization needs money to function. The publisher started up this year, and its estimated first-year costs are $320,000.

"There will always be costs," said Martin Eve, one of the publisher’s directors. "If you want these services, they have to be paid for."

The company has three salaried staff members: Two directors and a computer programmer receive a total of $246,000. Eventually, the publisher won’t need a programmer, and staffing costs will drop.

"The digital environment doesn’t get rid of the labor cost," Mr. Eve said. "It makes the cost of disseminating material after that — making copies — infinitesimally smaller."
openaccess  finance 
november 2015 by juliusbeezer
A (brief) banking theory of newsroom trust. » Pressthink
A (brief) banking theory of newsroom trust.
Jan.
16
The less help you give me in the tricky act of extending my trust to you, the more likely you are to wind up with a negative balance.

In this short post I want to clear something up about how trust operates in a news operation. I am going to use examples from the New York Times, which is risky — because the Times is singular — but I don’t believe the calculus is much different at the Los Angles Times, the Times of India or the Times of Trenton in Central New Jersey
journalism  agnotology  finance 
november 2015 by juliusbeezer
China's Troubling New Social Credit System—And Ours | The New Republic
Companies have already begun introducing incentives for consumers to publicly share how they rate. (A government website allows people to look up the scores of others.) High scorers can get better rental cars or book hotel reservations without leaving a deposit. Sesame Credit, a scoring program run by Alibaba, the e-commerce giant, has integrated its scores into Baihe, a major dating site. Baihe users can choose to display their scores in return for more prominent placement in search results. Speaking to the BBC, a Baihe executive justified the move by explaining that a person should have a sense of the financial status of a potential partner. Of course, the score itself—which ranges from 350 to 950—is the product of an opaque system whose details are only known to Sesame Credit and its government overseers.

While it drapes itself in economic language, the Chinese scoring system is less about market relations than about control and risk mitigation. A Sesame executive has already said that certain behaviors, like playing video games all day, will bring penalties. Political and criminal activity (in China they can be one and the same) will also be folded into the SCS, “painting a complete picture of its citizens in data,” according to New Scientist. This nationwide system could then be used to steer citizens toward desired behaviors and to ensure, in the parlance of the communist party leadership, a more “harmonious society.” That this “mega-system” ensures the financialization of everyday life, tying every choice and behavior to one's economic and social standing, is just another irony of China's brand of state-led corporatism.
china  finance  economics  politics  surveillance 
november 2015 by juliusbeezer
Nuclear Risk Insurance | The Energy Collective
It is often said by the anti-nuclearists that the commercial nuclear energy industry “can’t get insurance” against the risks of nuclear or radiological accidents, or that it is “uninsurable”. This is simply garbage, a myth, a load of baloney that gets exclaimed backwards and forwards between the anti-nuclearists, without any of them ever bothering to actually check the facts or do the research.
nukes  finance 
october 2015 by juliusbeezer
Nuclear risk insurance | Brave New Climate
It is often said by the anti-nuclearists that the commercial nuclear energy industry “can’t get insurance” against the risks of nuclear or radiological accidents, or that it is “uninsurable”. This is simply garbage, a myth, a load of baloney that gets exclaimed backwards and forwards between the anti-nuclearists, without any of them ever bothering to actually check the facts or do the research...

Nuclear power plants in the United States have literally never harmed anyone. The large liability and insurance pool which the industry provides as it is required to by the Price-Anderson act has almost never been touched at all, and not one cent in Price-Anderson liability has ever been paid out from the government’s liability which might exist, theoretically, if the industry’s own private insurance coverage was entirely exhausted.

The commercial nuclear energy industry in the United States has over 10 billion dollars worth of liability insurance protection provided by the commercial sector, covering them in the event of claims resulting from some kind of nuclear energy-related incident sufficiently catastrophic so as to have a deleterious impact on the community outside the plant boundary.
[err... fukushima compensation for complete indefinite evacuation of a densely populated area has so far proved... incalculable, but north of $200 billion (not $10 billion ya nump ya)]
nukes  finance 
october 2015 by juliusbeezer
How Lloyd’s joined the war on global terror - Telegraph
If the fuel depot, a central European nuclear fuel site and a Turkish museum ever come under attack, this will prove an expensive afternoon for Hiscox.
nukes  finance 
october 2015 by juliusbeezer
The Fukushima Experiment: A nuclear meltdown survival guide
Insurance companies, which had been trying to assess the feasibility of insuring commercial reactors, were more squeamish than ever. Utilities considering building nuclear power stations discovered their investments could not be insured. Lloyds of London, known for taking risks on just about anything, would not write a policy protecting a nuclear power plant. Insurance companies throughout America began writing nuclear exclusion clauses into homeowners' policies, preventing insurance payments for any nuclear related loss. The entire insurance industry pooled together would provide no more than $65 million worth of coverage for a nuclear power plant. 5

Hoping to win the insurance industry's confidence, the Joint Committee on Atomic Energy authorized the AEC and the Brookhaven National Laboratory to prepare a study on the effects of a major accident at a 100- to 200-megawatt electrical output reactor.

In March 1957, the study, entitled "Theoretical Possibilities and Consequences of Major Accidents in Large Nuclear Power Plants," Or WASH-740, was released. WASH-740 did not make the insurers rest easier. The Brookhaven laboratory estimated that in the event of a worst possible accident, 3,400 people would die, 43,000 would be injured and seven billion dollars worth of damage would be done. Commercial nuclear power production was now at a standstill. 6
nukes  finance 
october 2015 by juliusbeezer
Doomsday Clock Moves Closer to Midnight As California's Last Active Nuke Plant Puts Millions at Risk » Page 2 of 2
“Of the 100 reactors currently operating in the U.S., the two at Diablo Canyon top the NRC’s list as being most likely to experience an earthquake larger than they are designed to withstand,” wrote Lochbaum.

He cited figures indicating that “the Diablo Canyon reactors are more than 10 times more likely to experience an earthquake larger than they are designed to withstand than the average U.S. reactor” and he calculated that “the chance such a large earthquake will occur at Diablo Canyon over the 40-year lifetime of the plant is … about 1 in 6—which is a toss of a die.”

“PG&E sought to have the NRC increase the SSE value to a level PG&E believed its reactors could withstand, but that had not been justified by a rigorous analysis meeting the NRC’s regulatory standards,
nukes  finance 
october 2015 by juliusbeezer
Lendosphere : crowdfunding et développement durable
Participez au refinancement de ce parc éolien en Pays de Retz (Loire-Atlantique) et prenez part à la transition énergétique !
renewables  finance 
october 2015 by juliusbeezer
The True Costs of Driving - The Atlantic
The report documents that the amount that road users pay through gas taxes now accounts for less than half of what’s spent to maintain and expand the road system. The resulting shortfall is made up from other sources of tax revenue at the state and local levels, generated by drivers and non-drivers alike. This subsidizing of car ownership costs the typical household about $1,100 per year—over and above the costs of gas taxes, tolls, and other user fees...
There are good reasons to believe that the methodology of “Who Pays for Roads?” if anything considerably understates the subsidies to private vehicle operation. It doesn’t examine the hidden subsidies associated with the free public provision of on-street parking, or the costs imposed by nearly universal off-street parking requirements, which drive up the price of commercial and residential development. It also ignores the indirect costs that come to auto and non-auto users alike from the increased travel times and travel distances that result from subsidized auto-oriented sprawl.
driving  finance  economics 
october 2015 by juliusbeezer
This study is forcing economists to rethink high-deductible health insurance - Vox
Kolstad and his co-authors looked at the case of a large, unnamed company that shifted more than 75,000 workers and their dependents from a plan with no deductible to one with a $3,750 deductible. When the change happened, workers received a $3,750 subsidy to a health savings account — money they could spend freely on whatever health costs they incurred. The company also gave workers online tools to look up prices for doctor visits, tests, and other services they might need.

Workers' health spending dropped, and did so quickly. Average per-patient spending fell from $5,222.60 in 2012 to $4,446.08 in 2013. That's about a 15 percent decline in a single year — and it held true across all types of health services. Between 2012 and 2014, there was a 25 percent drop in emergency room spending, an 18 percent decline in physician office visits, and a 6 percent decrease in mental health services.
healthcare  economics  finance 
october 2015 by juliusbeezer
Small Miracles | Jacobin
What you don’t often read about is the position of the Netherlands in the international financial system. It is — together with Ireland and Luxembourg — a vital European tax heaven. Much more so than even Germany, the Netherlands was the forerunner in a beggar-thy-neighbor race to the bottom and remains the closest American NATO ally in mainland Western Europe.
netherlands  finance 
october 2015 by juliusbeezer
Onshore windfarms cheapest form of UK electricity, report shows | Environment | The Guardian
ew onshore windfarms are now the cheapest way for a power company to produce electricity in Britain, according to Bloomberg New Energy Finance (BNEF).

Costs have dropped to $85 (£55) per megawatt hour (MWh) compared with the current costs of about $115 for constructing coal or gas-fired plants, its analysis found.

The price of wind, which has fallen from $108 just 12 months ago, compares with nuclear which Bloomberg assesses at $190 – the latter up on a year ago as project delays are factored in to developments.
energy  renewables  finance  economics 
october 2015 by juliusbeezer
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