Monthly Archives: June 2009

Article: “We the People” to “King of the World”: “YOU’RE FIRED!” …a letter from Michael Moore

“We the People” to “King of the World”: “YOU’RE FIRED!” …a letter from Michael Moore

Michael Moore
Wednesday, April 1st, 2009

http://www.michaelmoore.com/words/message/index.php?id=246

“Nothing like it has ever happened. The President of the United States, the elected representative of the people, has just told the head of General Motors — a company that’s spent more years at #1 on the Fortune 500 list than anyone else — “You’re fired!”

I simply can’t believe it. This stunning, unprecedented action has left me speechless for the past two days. I keep saying, “Did Obama really fire the chairman of General Motors? The wealthiest and most powerful corporation of the 20th century? Can he do that? Really? Well, damn! What else can he do?!””

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Event: World-Information City / Paris

World-Information City / Paris
Urban In/visibility, Access and Zoning

Conference: 30/31 May 2009
http://world-information.org/

Speaker: John Urry from Centre for Mobilities Research, Lancaster University

Mobility Futures
“This paper examines a range of future possible scenarios as to the character, scale and significance of mobility patterns. These scenarios are examined within an emerging era which may well be characterized by dramatic climate change, the peaking of oil supplies and potential tipping points. The paper will address the question as to whether the period of high and growing mobility especially during the C20th was actually only a brief interlude in the longer term processes of human history.”

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photos submitted by: Nicolas Sauret

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Link: Paul Jorion’s Blog

Paul Jorion’s blog
Human Complex Systems – Economy – Anthropology – Arts – Fun

http://www.pauljorion.com/blog_en/

“Paul Jorion is Doctor in the Social Sciences from the Free University Brussels. He holds MAs in sociology and social anthropology. He’s lectured at the universities of Brussels, Cambridge, Paris VIII and at the University of California at Irvine. He was also a United Nations Officer (FAO), working on development projects in Africa.

For the most recent ten years Paul Jorion has been working in the American finance world as a pricing specialist. Prior to this he was at one time a trader on the futures markets in a French investment bank. He wrote a book on the consequences for the stock market of the bankruptcy of Enron: Investing in a Post-Enron World (McGraw-Hill: 2003). More recently he has published Vers la crise du capitalisme américain? (La Découverte: 2007) and L’implosion. La finance contre l’économie: ce que révèle et annonce “la crise des subprimes” (Fayard: 2008).

Paul Jorion is a Visiting Scholar at the Human Complex Systems Interdepartmental Program of the University of California at Los Angeles (UCLA).”

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Exhibition: The Prehistory of the Crisis (2)

The Prehistory of the Crisis (2)
Susanne Bosch, Anthony Haughey, Daniel Jewesbury and Sinéad McCann
Curated by Tessa Giblin, with Monica Nunez

Project Arts Centre, Dublin
July 3 – August 15
http://www.projectartscentre.ie

Belfast Exposed Photography, Belfast

July 2 – August 7
http://www.belfastexposed.org

“Project Arts Centre and Belfast Exposed have invited four artists with a common interest in the complexities of multi-cultural living to make new work for The Prehistory of the Crisis (2). This exhibition commissions and brings together Susanne Bosch, Anthony Haughey, Daniel Jewesbury and Sinéad McCann at a time in history when economic recession underscores every cultural and artistic event taking place in Ireland, North and South. This situation is not just symptomatic of the recession that has hit many globalised economies since 2008. Ireland’s recession brings with it one of the most pronounced changes in fortune, and significantly, Ireland’s first major drop in productivity since the boom days – the swan-song of the Celtic Tiger. For Northern Ireland the credit squeeze, compounded by cuts in public spending, threaten the unfinished work of economic and social regeneration promised by the peace process.

Many migrant workers have left Ireland in recent months and with imminent changes to the eligibility for new work permits coming into effect across both jurisdictions, many more non-EEA citizens will be denied the right to work, forcing them to leave the country. The Prehistory of the Crisis (2) situates itself in a moment when the idea of crisis is twofold: while the term is strongly associated with the impact of economic recession, the cultural crisis which might or might not emerge is bound to be characterised by a relationship to ‘the other’.”

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Article: The hard and simple maths of crisis

The hard and simple maths of crisis

By Julian Delasantellis

Apr 30, 2009
Asia Times

“Mortgage defaults are not randomly distributed events, but highly related. One borrower defaults, is foreclosed upon, then, when the house undergoes a low-priced foreclosure sale, the rest of the comparable houses in the neighborhood also lose value. These homeowners can’t refinance out of their adustable rate mortgage option resets, so they default too. A surplus of homes develops, so the homebuilding and renovation industries contract, causing job losses, which cause more defaults.”

http://www.atimes.com/atimes/Global_Economy/KD30Dj03.html

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Article: The Almighty Renminbi?

The Almighty Renminbi?

By NOURIEL ROUBINI
Published: May 13, 2009
New York Times

“THE 19th century was dominated by the British Empire, the 20th century by the United States. We may now be entering the Asian century, dominated by a rising China and its currency. While the dollar’s status as the major reserve currency will not vanish overnight, we can no longer take it for granted. Sooner than we think, the dollar may be challenged by other currencies, most likely the Chinese renminbi. This would have serious costs for America, as our ability to finance our budget and trade deficits cheaply would disappear.”

http://www.nytimes.com/2009/05/14/opinion/14Roubini.html?_r=1

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Article: US cities may have to be bulldozed in order to survive

US cities may have to be bulldozed in order to survive

By Tom Leonard in Flint, Michigan

Telegraph.co.uk
Published: 6:30PM BST 12 Jun 2009

“Dozens of US cities may have entire neighbourhoods bulldozed as part of drastic “shrink to survive” proposals being considered by the Obama administration to tackle economic decline.”

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5516536/US-cities-may-have-to-be-bulldozed-in-order-to-survive.html

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