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Public Power
29 июня, 00:28

The Atlantic Politics & Policy Daily: Voulez-Vous Marcher Avec Moi?

President Trump accepted French President Emmanuel Macron’s invitation to visit Paris on Bastille Day next month.

28 июня, 19:41

Греция говорит, что необходимо активизировать приватизацию

Греция должна активизировать свою программу приватизации, сказал в среду заместитель министра финансов Джордж Чоулиаракис. Приватизация стала основной составляющей международной финансовой помощи страны с 2010 года, но она принесла лишь 3,4 млрд. евро доходов из-за политического сопротивления и волокиты. "Нам нужно многое сделать, особенно улучшить бизнес-среду ... быть более настойчивыми в продвижении прямых инвестиций, ускорении базы программы приватизации", - сказал Чоулиаракис на конференции в Афинах. Греция намерена привлечь 4,4 млрд. евро по программе приватизации в 2017-18 годах. Крупные лоты на этот год включают продажу 66-процентной доли в газовой сети страны DESFA и 67-процентную долю в ее втором по величине порту Салоники. Агентство приватизации страны также ищет консультантов по использованию государственных акций в семи крупных компаниях, включая государственную энергетическую корпорацию Public Power Corp., Международный аэропорт Афин и телекоммуникационного оператора OTE. Информационно-аналитический отдел ТелеТрейдИсточник: FxTeam

28 июня, 19:27

Is Big Philanthropy Compatible With Democracy?

A Stanford professor argues that it’s largely not—but that it could be reformed to promote equality, rather than undermine it.

28 июня, 15:37

Греция хочет активизировать процесс приватизации

Греция должна активизировать свою программу приватизации, заявил в среду заместитель министра финансов страны Георгиос Чулиаракис, пишет Reuters.

Выбор редакции
28 июня, 15:37

Греция хочет активизировать процесс приватизации

Греция должна активизировать свою программу приватизации, заявил в среду заместитель министра финансов страны Георгиос Чулиаракис, пишет Reuters.

21 июня, 19:01

State Grid seals Greek power deal

STATE Grid Corp of China, the country’s biggest utility, said yesterday that it had completed purchase of a 24 percent stake in Greek power grid operator ADMIE. The 320-million-euro (US$357 million)

18 июня, 14:27

Why This Part of Coal Country Loves Solar Power

Whitley County sits atop a seam of coal crucial to making solar panels and smart phones. So why isn’t the mine open?

30 мая, 15:11

WESCO (WCC) Down 1.9% Since Earnings Report: Can It Rebound?

WESCO (WCC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

16 мая, 22:53

Some Notes on Eric Miller's Review of "Public Intellectuals in the Global Arena"...

**Eric Miller**: _The Unnamed Behemoth: Review of "Public Intellectuals in the Global Arena" _: "Deep learning eloquently brought to bear on the contemporary moment has, quite evidently, not been enough to shore up the aging foundations of our republic... >...And a live-from-the-West-Wing Twitter feed is not likely to advance our fortunes, either.... Is the liberal democratic tradition up to the challenge—the challenge of disciplining an economic order that exists not to prosper democracy but itself? On such crucial questions this volume sounds an uncertain note—and a rather quiet uncertain note at that.... No thoroughgoing leftists (seemingly) number among the contributors—none, that is, disposed to warn of enlarging catastrophic conflict between democracy and capital... (1) But I thought I had done so! Was I too elliptical? "[Wealth imbalances alone][] produce a situation in which... market systems go horribly, dreadfully, diabolically wrong. Consider the Bengal famine.... And what of the British state that ruled India, and was responsible for checking to see whether the incentives the market system was providing really were the incentives that we wanted people to responding to? Prime Minister Winston Churchill sent a telegram, asking: if it were really true that there was famine in India, why was...

02 мая, 18:39

WESCO (WCC) Surpasses Q1 Earnings and Revenue Estimates

WESCO International, Inc.'s (WCC) first-quarter 2017 adjusted earnings per share (EPS) of 76 cents beat the Zacks Consensus Estimate by 5.6% or 4 cents.

Выбор редакции
02 мая, 14:33

Греция соглашается продать угольные электростанции и шахты (источник в правительстве). (Korkin)

Правительство Греции согласилось с требованием кредиторов по поводу продажи угольных электростанций и добывающих предприятий.По сообщению информированного источника, власти намерены реализовать, приблизительно, 40% активов контролируемой государством  Public Power Corp. 30 комментариев

26 апреля, 21:00

Atlanta's Controversial 'Cityhood' Movement

Recent border battles have once again redrawn the lines of the metro area.

26 апреля, 21:00

Atlanta's Controversial 'Cityhood' Movement

Recent border battles have once again redrawn the lines of the metro area.

06 апреля, 19:12

Greece's dark age of austerity

Greece's biggest power utility Public Power Corporation, one of the assets earmarked for part-privatisation under the country's third bailout, is toiling under 2.6 billion euros of unpaid bills as poverty-stricken Greeks struggle to get by in Greece's eight-year economic crisis. Laura Frykberg reports Subscribe: http://smarturl.it/reuterssubscribe More updates and breaking news: http://smarturl.it/BreakingNews Reuters tells the world's stories like no one else. As the largest international multimedia news provider, Reuters provides coverage around the globe and across topics including business, financial, national, and international news. For over 160 years, Reuters has maintained its reputation for speed, accuracy, and impact while providing exclusives, incisive commentary and forward-looking analysis. http://reuters.com/ https://www.facebook.com/Reuters https://plus.google.com/u/0/s/reuters https://twitter.com/Reuters

29 марта, 14:32

Греция договорилась с кредиторами о реформах

Греция достигла соглашения с кредиторами о ключевых реформах в сфере труда, сокращении расходов и энергетики, приблизившись к заключению сделки перед встречей министров финансов еврозоны, которая пройдет 7 апреля, сообщает Reuters со ссылкой на источники.

29 марта, 14:32

Греция договорилась с кредиторами о реформах

Греция достигла соглашения с кредиторами о ключевых реформах в сфере труда, сокращения расходов и энергетики, приблизившись к заключению сделки перед встречей министров финансов еврозоны, которая пройдет 7 апреля, сообщает Reuters со ссылкой на источники.

08 марта, 13:36

The Obama Idea to Save Coal Country

It was embraced by Republicans but blocked by other Republicans. Will it get a second chance?

01 марта, 17:05

Why Is WESCO (WCC) Down 6.2% Since the Last Earnings Report?

WESCO (WCC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

28 февраля, 16:21

Virtue-Signaling The Decline Of The Empire

Via Charles Hugh-Smith of OfTwoMinds blog, Virtue-signaling doesn't signal virtue--it signals decline and collapse. There are many reasons why Imperial Rome declined, but two primary causes that get relatively little attention are moral decay and soaring wealth inequality. The two are of course intimately connected: once the morals of the ruling Elites degrade, the status quo seeks to mask its self-serving rot behind high-minded "virtue-signaling" appeals to past glories and cost-free idealism. Virtue signaling is defined as "the conspicuous expression of moral values by an individual done primarily with the intent of enhancing that person's standing within a social group," "the practice of publicly expressing opinions or sentiments intended to demonstrate one's good character or the moral correctness of one's position on a particular issue" and "Saying you love or hate something to show off what a virtuous person you are, instead of actually trying to fix the problem." Yes, yes and yes. "Virtue-signaling" expresses two other key characteristics of an empire in terminal decline: complacency and intellectual sclerosis. Michael Grant described these manifestations of decline in his excellent account The Fall of the Roman Empire, a short book I have been recommending since 2009: There was no room at all, in these ways of thinking, for the novel, apocalyptic situation which had now arisen, a situation which needed solutions as radical as itself. (The Status Quo) attitude is a complacent acceptance of things as they are, without a single new idea. This acceptance was accompanied by greatly excessive optimism about the present and future. Even when the end was only sixty years away, and the Empire was already crumbling fast, Rutilius continued to address the spirit of Rome with the same supreme assurance. This blind adherence to the ideas of the past ranks high among the principal causes of the downfall of Rome. If you were sufficiently lulled by these traditional fictions, there was no call to take any practical first-aid measures at all. What are those "resisting Trump" proposing as solutions to the profound structural ills afflicting the empire? Gender-neutral bathrooms? A continuation of a dysfunctional immigration policy? Blaming Russia to mask the catastrophic failure of the past 25 years of neocon imperial over-reach? Cost-free "virtue-signaling" proclamations in support of diversity? "Safe places" on college campuses paid for by student loans crushing a vast indentured class of debt-serfs? These status quo policies and cost-free diversions are the acme of a profound complacency and intellectual sclerosis that serve to defend a self-serving, morally corrupt political and financial elite. Virtue-signaling pronouncements lack any recognition of the moral, political, social and financial crises facing the American empire, and are devoid of any practical, politically/financially painful first-aid measures to staunch the decline. Glenn Stehle, commenting on 9/16/15 on a thread in the excellent website peakoilbarrel.com (operated by the estimable Ron Patterson) made a number of excellent points that I am taking the liberty of excerpting: (with thanks to correspondent Paul S.) The set of values developed by the early Romans called mos maiorum, Peter Turchin explains in War and Peace and War: The Rise and Fall of Empires, was gradually replaced by one of personal greed and pursuit of self-interest. “Probably the most important value was virtus (virtue), which derived from the word vir (man) and embodied all the qualities of a true man as a member of society,” explains Turchin. “Virtus included the ability to distinguish between good and evil and to act in ways that promoted good, and especially the common good. Unlike Greeks, Romans did not stress individual prowess, as exhibited by Homeric heroes or Olympic champions. The ideal of hero was one whose courage, wisdom, and self-sacrifice saved his country in time of peril,” Turchin adds. And as Turchin goes on to explain: "Unlike the selfish elites of the later periods, the aristocracy of the early Republic did not spare its blood or treasure in the service of the common interest. When 50,000 Romans, a staggering one fifth of Rome’s total manpower, perished in the battle of Cannae, as mentioned previously, the senate lost almost one third of its membership. This suggests that the senatorial aristocracy was more likely to be killed in wars than the average citizen…. The wealthy classes were also the first to volunteer extra taxes when they were needed… A graduated scale was used in which the senators paid the most, followed by the knights, and then other citizens. In addition, officers and centurions (but not common soldiers!) served without pay, saving the state 20 percent of the legion’s payroll…. The richest 1 percent of the Romans during the early Republic was only 10 to 20 times as wealthy as an average Roman citizen." Now compare that to the situation in Late Antiquity when "an average Roman noble of senatorial class had property valued in the neighborhood of 20,000 Roman pounds of gold. There was no “middle class” comparable to the small landholders of the third century B.C.; the huge majority of the population was made up of landless peasants working land that belonged to nobles. These peasants had hardly any property at all, but if we estimate it (very generously) at one tenth of a pound of gold, the wealth differential would be 200,000! Inequality grew both as a result of the rich getting richer (late imperial senators were 100 times wealthier than their Republican predecessors) and those of the middling wealth becoming poor." Do you see any similarities with the present-day realities depicted in these charts? A self-serving class of Technocrats and bureaucratic Nomenklatura have garnered all the gains, while the bottom 90% have lost ground in wages, wealth and financial security. This Technocrat/Nomenklatura class controls both private and public powers (media, finance, trade, industry, governance and institutions) which serve its own interests.   What we have now is a self-serving "virtue-signaling" technocrat class that works for a self-serving political/financial elite that avoids the imperial burdens of military service and taxes while imposing what amounts to an economic military conscription on the working class. This Imperial elite sends these military conscripts around the globe to defend their Imperial interests. Virtue-signaling doesn't signal virtue--it signals decline and collapse. Just as in 5th century Rome--an empire careening toward collapse--those reaping the gains are complacently confident in their moral superiority while their hubris-soaked intellectual sclerosis blinds them to the systemic banquet of consequences that will soon choke their precious self-serving status quo.

30 января, 17:26

WESCO (WCC) Beats Q4 Earnings Estimates, Lags Revenues

WESCO International, Inc.'s (WCC) fourth-quarter 2016 adjusted earnings per share (EPS) of 96 cents beat the Zacks Consensus Estimate by 2.1% or 2 cents.