By Robert Skidelsky – A government that can issue debt in its own currency can easily keep interest rates low. The rates are bounded by concerns about inflation, over-expansion of the state sector, and the central bank’s independence; but, with our relatively low levels of debt (Japan’s debt amounts to over 230% of its GDP) and depressed output and inflation, these limits are quite distant in the UK and the US.
And as the record bears out, continuous increases in both countries’ national debt since the crash have been accompanied by a fall in the cost of government borrowing to near zero. more> http://goo.gl/bL1is6
Moral Mazes: The World of Corporate Managers, Author: Robert Jackall.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, Authors: Daron Acemoglu and James Robinson.
By David S. Wilson – In a nutshell, students motivated by dominance (but not students motivated by prestige) sabotaged their groups when their leadership position was threatened, but not otherwise.
They did this (in different versions of the experiment) by limiting the ability of the most talented group member to send messages to other group members, by isolating the most talented group member in a separate room, and by preventing the most talented group member from socially bonding with the other members. All of these tactics were clearly detrimental to the objectives of the group as a whole, abusing the student’s role as group leader.
The entire concept of leadership taught in most business schools and the structure of most business organizations (at least in the United States) is setup for the kind of abuse by power-hungry leaders illustrated by that elegant social psychology experiment.
Their elegant experiments contain the seeds of policy prescriptions. They were able to turn disruptive self-serving behaviors in power-hungry students on and off with their experimental treatments. Real social organizations can do the same with their institutional arrangements. more> http://goo.gl/akbF1N
Ciena – Blue Planet is purpose-built for network operators, automating
service delivery and reducing operational complexity to enable Scalable, =
transformation to more open and programmable networks.
Blue Planet serves these main use cases:
• Multi-Domain Service Orchestration
• NFV Orchestration Functions
• SDN Management and Control
• Open Network Operating System
It does this on top of a disruptive, next-generation software architecture that leverages open source elements, model-driven the definition and templates, and container-based micro-services. more> blueplanet.com/resources
By Leslie P. Norton – What ignited and supported the entire era of globalization was the spendthrift U.S. consumer; economies have been totally reliant on trade to U.S. consumers. This once-in-a-generation asset deflation will fundamentally change behavior, just as the Depression changed an entire generation’s attitude about spending and saving.
For 20 years the consumer has reliably borrowed from China to buy their tube socks. Post-crisis, the consumer has clearly pulled back.
What’s really causing this slowdown in spending is that the post-crisis consumer is determined to save, and do it the old-fashioned way. Historically, when rates go down, people save less.
But every Wall Street analyst and the Fed is using the pre-crisis analytical framework to look at an economy that is fundamentally challenged. more> http://goo.gl/aaMxCp