Merkel hangs on to power but forced to form coalition after losing support to far-right

•September 26, 2017 • 2 Comments

http://www.abc.net.au/news/2017-09-25/merkel-hangs-on-to-power-but-loses-support-to-surging-far-right/8980250

German Chancellor Angela Merkel has won a fourth term in office but will have to build an uneasy coalition to form a Government after her conservatives haemorrhaged support in the face of a surge by the far-right.

The anti-immigration Alternative for Germany (AfD)stunned the establishment by winning 13.1 per cent of the vote, projected results showed, a result that will bring a far-right party into Parliament for the first time in more than half a century.

Ms Merkel’s conservative bloc emerged as the largest parliamentary bloc but, with just 33.2 per cent of the vote, saw its support slump to the lowest since 1949 — the first time national elections were held in post-war Germany.

Her main Social Democrat (SPD) rivals also received their worst result since the 1940s — just 20.8 per cent — after nearly half of voters repudiated the two parties that have dominated Germany since World War II.

With Parliament now fragmented, Ms Merkel appears likely to cobble together a tricky three-way coalition with a pro-business group and the Greens.

As the results came in, hundreds of anti-AfD demonstrators descended on the club where the party’s leaders were celebrating their third-place finish.

Ms Merkel said the success of the far right was a test for Germans, and that it was important to listen to the concerns of their voters and win them back.

“Of course we had hoped for a slightly better result. But we mustn’t forget that we have just completed an extraordinarily challenging legislative period, so I am happy that we reached the strategic goals of our election campaign,” Ms Merkel said.

“We are the strongest party, we have the mandate to build the next government — and there cannot be a coalition government built against us.”

The election was fought on the tense backdrop of surging support for far left and far right parties across Europe.

Germany in particular is coping with the arrival of more than 1 million refugees and other new migrants, with tension with Russia since Moscow’s incursions into Ukraine, and with doubt about Europe’s future since Britain voted to quit the EU.

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she has taken a hit..not mortal but definitely drew blood..

“Her main Social Democrat (SPD) rivals also received their worst result since the 1940s — just 20.8 per cent — after nearly half of voters repudiated the two parties that have dominated Germany since World War II.”

bang..

“Ms Merkel said the success of the far right was a test for Germans, and that it was important to listen to the concerns of their voters and win them back.”

all things to the right of centre are now evil..

401

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Zuckerberg owes it to us all to make Russia-linked Facebook ads public

•September 26, 2017 • 3 Comments

http://mashable.com/2017/09/21/zuckerberg-russia-ads-release-public/#RaW1wXrYraqM

Forever tainting the otherwise inoffensive gray-to-beige color palette, billionaire Mark Zuckerberg took to Facebook Live today to address his company’s role in the 2016 U.S. presidential election.

Perched behind a pretend Oval Office desk in a room straight out of an Ikea-meets-TwilightZone mashup, he spoke directly to the American people about the approximately 3,000 Russia-linked ads — which possibly helped Donald Trump win the election — that his company profited from.

Zuckerberg promised to turn the advertisements in question over to congressional investigators, but stopped short of saying he would release them to the public. Which is a total bullshit cop out, and he should be ashamed of himself.

Facebook has repeatedly brushed off calls to make the ads public, with a spokesperson telling Business Insider earlier this month that “Due to both federal law and the fact that investigations are ongoing with the relevant authorities, we’re unable to share the ads.” However, when pressed by the publication, the company refused to specify which laws (if any) prevented them from releasing the ads.

What’s more, Sen. Mark Warner has explicitly called for Facebook to make the advertisements public. “They shared the content with staff,” Gizmodo reports him telling press earlier this month, “but the public deserves to look at that content.”

We reached out to Facebook directly to determine what reason it has for withholding this vital information (other than covering its own ass), and the company directed us to a Sept. 21 blog post.

“Federal law places strict limitations on the disclosure of account information,” reads the statement in part. “Given the sensitive national security and privacy issues involved in this extraordinary investigation, we think Congress is best placed to use the information we and others provide to inform the public comprehensively and completely.”

A spokesperson did not respond to our question as to what federal law, specifically, prevents Facebook from making the ads public.

Meanwhile, Zuckerberg is busy assuring everyone that he and his company — which totally missed the now undisputed Russian interference the first time around — have this all under control.

“We are increasing our investment in security and specifically election integrity,” intoned the Zuck as he read from what could only be a teleprompter. “In the next year, we will more than double the team working on election integrity. In total, we’ll add more than 250 people across all our teams focused on security and safety for our community.”

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personally IDGAF..its just more white noise..

“Zuckerberg promised to turn the advertisements in question over to congressional investigators, but stopped short of saying he would release them to the public. Which is a total bullshit cop out, and he should be ashamed of himself.”

haha..you really think he will let all the secrets come out?

401

Dow 1,000,000? That’s Warren Buffett’s latest call

•September 26, 2017 • 1 Comment

https://www.forbes.com/sites/antoinegara/2017/09/20/dow-1000000-thats-warren-buffetts-latest-call/#4113af4f40e0

When it comes to betting on American ingenuity, no one has done it better than Warren Buffett. His confident, common sense approach to capitalism has yielded Berkshire Hathaway’s 20%-plus annualized returns since 1965 and its powerhouse $450 billion stock market status. When Forbes Magazine celebrated its first century on Tuesday evening, Buffett was on hand to remind the world there’s no stopping this entrepreneurial spirit, which powers his portfolio and has filled Forbes’ pages for 100 years.

“Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” Buffett told a rapt audience of business leaders. He graces the cover of our centennial issue holding Forbes’ first-ever magazine issue. Inside our magazine is an unprecedented collection of stories from the world’s 100 greatest living business minds; many were on hand Tuesday to celebrate. To this audience, Buffett offered a quick lesson in the simple math that underpins his relentless optimism.

Standing beside entrepreneurs such as Vanguard founder Jack Bogle, hotelier Steve Wynn, philanthropist Jacqueline Novogratz, “Motown” creator Berry Gordy, investor Henry Kravis, musician Sean Combs, and Dallas Cowboys owner Jerry Jones, Buffett pointed out that the Dow Jones Industrial Average traded for about $81 when Forbes was first published in September 1917. The index has risen over 275-fold in the ensuing century (an average of about 5.8% annually, or 10% when including dividends), thus “being short America has been a loser’s game,” said Buffett. “I predict to you it will continue to be a loser’s game,” he added, offering a forecast that the Dow will trade to 1,000,000 in the next hundred years.

Before Buffett ceded the stage to Stevie Wonder, who performed My Cherie AmourYou Are the Sunshine of My Life, and Superstition, the ‘Oracle’ made clear his prediction was equal parts a bold hundred-year stock market call and a sleight of hand. After all, the Dow would need to compound at less than 4% annually to hit Buffett’s 1,000,000 target. Double the forecast if the Dow gains 4.6% annually; increase it to 10,000,000 if it returns 6.4%.

Later in the evening, Buffett returned to the stage to sing The Glory of Love alongside Stevie Wonder in a duet. Stevie Wonder capped off our party with a rendition of Higher Ground. But maybe just buy Berkshire Hathaway?

With Buffett’s Dow math in mind consider the following: Even if Berkshire only returns 10% annually (half its historic return over 51 years) during the next century, an owner of a single share today will easily join the billionaire ranks. The conglomerate’s Class A shares, worth $275,630 at Wednesday’s close, would rise to $3.9 billion. A 20% annual return would turn shareholders into ‘trillionaires.’

That’s the force of free market capitalism and Buffett’s own obsession with the power of compound returns over time. No wonder he thinks the pessimists are out of their mind.

———-

wb..wtf?

“being short America has been a loser’s game,” said Buffett. “I predict to you it will continue to be a loser’s game,” he added, offering a forecast that the Dow will trade to 1,000,000 in the next hundred years.”

if you say so..

“Even if Berkshire only returns 10% annually (half its historic return over 51 years) during the next century, an owner of a single share today will easily join the billionaire ranks. The conglomerate’s Class A shares, worth $275,630 at Wednesday’s close, would rise to $3.9 billion.”

wow..

401

Superpower India to replace China as growth engine

•September 26, 2017 • 1 Comment

https://www.bloomberg.com/news/articles/2017-09-17/superpower-india-to-replace-china-as-growth-engine

India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according to Deloitte LLP.

The number of people aged 65 and over in Asia will climb from 365 million today to more than half a billion in 2027, accounting for 60 percent of that age group globally by 2030, Deloitte said in a report Monday. In contrast, India will drive the third great wave of Asia’s growth – following Japan and China — with a potential workforce set to climb from 885 million to 1.08 billion people in the next 20 years and hold above that for half a century.

`India will account for more than half of the increase in Asia’s workforce in the coming decade, but this isn’t just a story of more workers: these new workers will be much better trained and educated than the existing Indian workforce,’’  said Anis Chakravarty, economist at Deloitte India. “There will be rising economic potential coming alongside that, thanks to an increased share of women in the workforce, as well as an increased ability and interest in working for longer. The consequences for businesses are huge.’’

While the looming ‘Indian summer’ will last decades, it isn’t the only Asian economy set to surge. Indonesia and the Philippines also have relatively young populations, suggesting they’ll experience similar growth, says Deloitte. But the rise of India isn’t set in stone: if the right frameworks are not in place to sustain and promote growth, the burgeoning population could be faced with unemployment and become ripe for social unrest.

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“India will account for more than half of the increase in Asia’s workforce in the coming decade”

these two are in the grand final..

401

Images 24/9/17

•September 25, 2017 • 7 Comments

the man and his missile..

obama threatens to destroy north korea..i cant remember any outrage at the time..

a rabbi and a cohen..ive seen that hand sign before..

scalar..

the entrance to the indian rape gurus headquarters..

selena gomez..right through the eye..

this fucker actually ran for president..here he forgets he admitted real truth and then fucks up..

chrissie hynde delivering the one eye..

one eye fashion..

more..

ranny sincleair..whoever that is..

flannery..liar..schemer..charlatan..

fail..

401

Cryptocurrency concentration..just 4% own over 95% of Bitcoin

•September 25, 2017 • 1 Comment

http://www.zerohedge.com/news/2017-09-19/cryptocurrency-concentration-just-4-own-over-95-bitcoin

Bitcoin has been making a lot of news lately. The cryptocurrency shot up in value by over 200% in 2017, making many people fear that the market is in a bubble. Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currency’s long-term viability. But HowMuch.net askshow many people own bitcoin, and how is the currency distributed around the world? Check out our new visualization.

Our graph represents the entire bitcoin market, which has a value of around $60 billion. For comparison, that’s bigger than several well-known companies, like Fed-Ex and General Motors. We then divided the value of the bitcoin market by address. As you can see, over 95% of all bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market. 

There are a couple limitations in our data. Most importantly, each address can represent more than one individual person. An obvious example would be a bitcoin exchange or wallet, which hold the currency for a lot of different people. Another limitation has to do with anonymity. If you want to remain completely anonymous, you can use something called CoinJoin, a process that allows users to group similar transactions together. This makes it seem like two people are using the same address, when in reality they are not. 

So it’s a complex situation. but let’s try to break bitcoin down as simple as possible. Bitcoin is just a type of money, like dollars and euros. The main difference is that there isn’t a sovereign government backing the currency, and it instead lives online. This is possible thanks to something called the blockchain. Banks and companies must keep detailed records of where they send money, marking it possible to detect fraud and criminal activity. The blockchain works differently because it breaks each transaction into tiny components, routes the pieces through a computer network, and directs them to a recipient who can then re-assemble the code together. If you don’t have the right key, you can’t own a bitcoin. And if you aren’t at the right digital address (think your home network’s IP address), then you can’t receive bitcoin.

The technology is hard to understand, and it presents challenges for companies and people who want to use it. That’s why folks typically turn to a vendor like Coinbase to handle their transactions. You know how you carry physical money in your personal wallet? Think of Coinbase as a digital wallet. You use it to buy stuff and pay for services. But be careful—people can steal your digital wallet, and the thieves can be untraceable. And that’s the issue. There’s only a very limited number of bitcoin wallet providers out there. It’s not like you can just go to your local bank and buy some bitcoin.

The big takeaway from all this is that if you are considering purchasing some bitcoin, you have very limited options. There are only a few key players in the game where you can park your investment. And if you do make that purchase, understand that it is highly speculative and unregulated, so prepare for a bumpy ride.

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understand this:

As you can see, over 95% of all bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market. “

its centralized and controlled..

401

Mexico, Colombia & Laos want Russian grain

•September 25, 2017 • 1 Comment

https://www.rt.com/business/403813-russia-wheat-new-exports/

The flourishing Russian agriculture sector is gaining momentum as more countries start buying the country’s grain. Laos, Colombia, and Mexico, are the newest customers according to Russia’s food and safety watchdog Rosselkhoznadzor.

“New markets are opening, like Laos and Colombia, which have never before purchased grain from us… Mexico also began buying; we have already supplied about 300,000 tons of grain,” the head of Rosselkhoznadzor Sergey Dankvert told Rossiya 24 TV Channel.

He said the 2017 wheat harvest is high quality and it’s necessary to keep it up “because markets are won by good quality.”

According to Dankvert, it’s important to diversify grain production. “We need to produce the same amount of wheat, increasing, for example, the production of corn because of major importers like Iran and Turkey,” he said.

Russia has recently boosted wheat export contracts on expectations of a record grain harvest. According to the Moscow-based grain consultant ProZerno, the country is projected to harvest 130.7 million metric tons this year. It is 2.6 percent more than the previous record set in 1978 before the Soviet-Afghan War.

Last year, the country became the world’s leading exporter of grain, after shipping 34 million tons out of its 119 million ton harvest.

Russia has resumed exports to Egypt, one of its biggest customers. Exports currently average 4-5 million tons a year and are expected to reach six million tons. Moscow and Cairo are also discussing Russian participation in the construction of grain infrastructure in Egypt.

China’s largest food processor COFCO has purchased 4,000 tons of Russian spring wheat and said is ready to import up to two million tons, gradually increasing to five million tons.

————

sanctions anyone?

“Last year, the country became the world’s leading exporter of grain, after shipping 34 million tons out of its 119 million ton harvest.”

401

 
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