government - Blog - Global Risk Community2024-03-29T11:54:38Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/governmentPreparing for Government Reformhttps://globalriskcommunity.com/profiles/blogs/preparing-for-government-reform2018-01-07T17:10:25.000Z2018-01-07T17:10:25.000ZSteven Bonacorsihttps://globalriskcommunity.com/members/StevenBonacorsi<div><blockquote style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:Georgia, 'Source Serif Pro', serif;font-size:24px;font-style:italic;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:36px;text-align:center;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:48px 120px 48px 120px;"><a href="https://www.linkedin.com/pulse/preparing-government-reform-steven-bonacorsi/" target="_blank"><img width="750" src="{{#staticFileLink}}8028274455,original{{/staticFileLink}}" alt="8028274455?profile=original" /></a>“With the Administration’s emphasis on the Reforming Government Executive Order and the OMB Memorandum issued in early 2017, the upcoming 2018 conference will explore how agencies can move from “ proposed reform” to “implementing reform”. Hear from experts both in and outside government regarding approaches to ensure success and overcome challenges.” David Mader Former Controller The White House Office of Management & Budget</blockquote><div class="slate-resizable-image-embed slate-image-embed__resize-full-width" style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;clear:both;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><a href="http://bit.ly/2CrxovD%20?lipi=urn%3Ali%3Apage%3Ad_flagship3_pulse_read%3BIGAVtAXFR9Kp7%2B%2BY9ajQXg%3D%3D" target="_blank"><img width="750" class="align-full" src="{{#staticFileLink}}8028274472,original{{/staticFileLink}}" alt="8028274472?profile=original" /></a></div><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="https://www.linkedin.com/groups/2055208/2055208-6354004021937737732" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">Preparing for Government Reform</strong></a></p><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;">The Executive Order has been issued to re-engineer federal government agencies and how they work system-wide.</p><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;">This call for change has left many agencies wondering how they can best move forward to implement their proposed plans. The <a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="http://bit.ly/2CrxovD" target="_blank">Execute Government Reform</a> working meetings will cover how these agencies should move forward and more, <a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="http://bit.ly/2CrxovD" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">View Agenda Here</strong></a></p><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:0px;">Topics being covered include:</strong></p><ul style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;list-style-type:disc;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;">Turning principles into practice to comply with the M-17-22 Roadmap - and to create positive change within your agency by utilizing methods designed by the renowned thought-leader Peter Drucker</li><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;">Interactive Discussion Groups (IDGs) designed for agencies that find themselves in different stages of their reform plan</li><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;">How to create a modern, efficient, accurate, and transparent IT systems by using the latest intelligent automation technologies</li><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;">Using Smart Hiring techniques to restructure and develop your workforce</li><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;">And more…</li></ul><div class="slate-resizable-image-embed slate-image-embed__resize-bleed" style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;clear:both;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:0px -588px 0px -588px;"><a href="http://bit.ly/2CrxovD%20?lipi=urn%3Ali%3Apage%3Ad_flagship3_pulse_read%3BIGAVtAXFR9Kp7%2B%2BY9ajQXg%3D%3D" target="_blank"><font color="#000119"><img width="750" class="align-center" src="{{#staticFileLink}}8028274489,original{{/staticFileLink}}" alt="8028274489?profile=original" /></font></a></div><h2 style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.85);font-family:'Source Sans Pro', Helvetica, Arial, sans-serif, 'Hiragino Kaku Gothic Pro', Meiryo, 'Hiragino Sans GB W3', 'Noto Naskh Arabic', 'Droid Arabic Naskh', 'Geeza Pro', 'Simplified Arabic', 'Noto Sans Thai', Thonburi, Dokchampa, 'Droid Sans Thai', 'Droid Sans Fallback', '-apple-system';font-size:26px;font-style:normal;font-variant:normal;font-weight:600;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.85);border-style:none;padding:0px;margin:28px 0px 28px 0px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:26px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="http://bit.ly/2CrxovD" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:26px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">View Agenda Here</strong></a></h2><div class="slate-resizable-image-embed slate-image-embed__resize-left" style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;clear:both;color:rgba(0,0,0,.7);float:left;font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;max-width:432px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:0px 32px 0px 0px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="http://www.linkedin.com/in/geenamonaco" target="_blank"></a></div><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;">Request via Email <a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="https://www.linkedin.com/in/geenamonaco/" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">Geena Monaco</strong></a></p><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;">>> <strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:0px;">geena.monaco@iqpc.com</strong></p><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:0px;">Also check out the following Free Resources:</strong></p><ul style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;list-style-type:disc;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="https://executegovernmentreform.iqpc.com/managing-disruptive-change" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">Managing Disruptive Change</strong></a></li><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="https://executegovernmentreform.iqpc.com/how-to-allow-for-legacy-modernization" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">How to Allow for Legacy Modernization</strong></a></li><li style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;vertical-align:baseline;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:24px 0px 24px 32px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="https://executegovernmentreform.iqpc.com/shared-services-in-the-government-sector-business" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">Shared Services in the Government Sector: Business Case 101</strong></a></li></ul><div class="slate-resizable-image-embed slate-image-embed__resize-full-width" style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;clear:both;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><a href="http://bit.ly/2CrxovD%20?lipi=urn%3Ali%3Apage%3Ad_flagship3_pulse_read%3BIGAVtAXFR9Kp7%2B%2BY9ajQXg%3D%3D" target="_blank"><img width="397" class="align-full" src="{{#staticFileLink}}8028273863,original{{/staticFileLink}}" alt="8028273863?profile=original" /></a></div><p style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:rgba(0,0,0,.7);font-family:'Source Serif Pro', serif;font-size:21px;font-style:normal;font-variant:normal;font-weight:400;letter-spacing:normal;line-height:32px;text-align:left;text-decoration:none;text-indent:0px;text-transform:none;vertical-align:baseline;white-space:normal;word-spacing:0px;border-width:0px;border-color:rgba(0,0,0,.7);border-style:none;padding:0px;margin:32px 0px 32px 0px;"><a style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;color:#0084bf;font-size:21px;font-weight:400;text-decoration:none;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;" href="https://www.linkedin.com/groups/2055208/2055208-6354004021937737732" target="_blank"><strong style="background-attachment:scroll;background-color:transparent;background-image:none;background-repeat:repeat;font-size:21px;font-weight:bold;vertical-align:baseline;padding:0px;margin:0px;border:0px none #0084bf;">Join the Lean Six Sigma for the Public Sector group Discussion Here</strong></a></p></div>My Priorities if I were the New President of the United States of America: Peace (Self-Knowledge), Dignity and Prosperityhttps://globalriskcommunity.com/profiles/blogs/my-priorities-if-i-were-the-new-president-of-the-united-states-of2016-01-19T02:28:35.000Z2016-01-19T02:28:35.000ZEnrique Raul Suarezhttps://globalriskcommunity.com/members/EnriqueRaulSuarez<div><p style="text-align:center;"></p><p></p><p><a href="{{#staticFileLink}}8028241056,original{{/staticFileLink}}"><img width="500" class="align-center" src="{{#staticFileLink}}8028241056,original{{/staticFileLink}}" alt="8028241056?profile=original" /></a></p><p></p><h2 class="center" style="text-align:center;"><strong>My Priorities if I were the New President of the United States of America: Peace (Self-Knowledge), Dignity and Prosperity</strong></h2><p class="center" style="text-align:center;"> </p><p class="center" style="text-align:center;">By:</p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3"><em><strong>Enrique R. Suarez</strong></em></span></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3">International Educator, Management Consultant, Political Scientist & Professor</span></p><p class="center" style="text-align:center;"><span class="font-size-3">Master of Education & International Development</span></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3"><strong>Harvard University</strong></span></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><span class="font-size-3"><a target="_blank">suarezenrique@yahoo.com</a></span></p><p class="center" style="text-align:center;"><span class="font-size-3"><a href="http://www.wix.com/suarezenrique/delta" target="_blank">http://www.wix.com/suarezenrique/delta</a></span></p><p class="center"> </p><p class="center" style="text-align:center;"><em>“The unexamined life is not worth living”</em></p><p style="text-align:center;"> </p><p style="text-align:center;"><strong>Socrates</strong></p><p style="text-align:center;"></p><p class="center" style="text-align:center;"><em>“All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership."</em></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><strong>John Kenneth Galbraith</strong></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><em>“The world would be so different, so incomparably more livable, if anyone in power could hear your words. They can't, but a genuine popular movement might bring them to their ears. It's happened before.”</em></p><p style="text-align:center;"> </p><p style="text-align:center;"><strong>Noam Chomsky´s Comments to Enrique Suarez´s Essay, 2010</strong></p><p style="text-align:center;"></p><p class="center" style="text-align:center;"><em>“The issue is not whether in this world there needs to be peace. The issue is that in each of our world there needs to be peace.”</em></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><strong>Prem Rawat</strong></p><p class="center" style="text-align:center;"></p><p class="left">I, Enrique Suarez, wrote this essay back in 2010 that I want to share with all of you. I am updating the new version of this essay that will reflect the key issues facing the United States and the world in 2016 and beyond soon. You can download this essay in the link below:</p><p class="left"></p><p class="left"><a href="{{#staticFileLink}}8028240478,original{{/staticFileLink}}">Priorities_President.pdf</a><a href="{{#staticFileLink}}8028241094,original{{/staticFileLink}}"></a></p><p class="left"></p><p class="left"></p></div>"How to Ruin an Economy; Some Simple Ways"https://globalriskcommunity.com/profiles/blogs/how-to-ruin-an-economy-some-simple-ways2015-11-03T01:21:09.000Z2015-11-03T01:21:09.000ZEnrique Raul Suarezhttps://globalriskcommunity.com/members/EnriqueRaulSuarez<div><p></p><p></p><p></p><p><a href="{{#staticFileLink}}8028237871,original{{/staticFileLink}}"><img src="{{#staticFileLink}}8028237871,original{{/staticFileLink}}" width="216" class="align-center" alt="8028237871?profile=original" /></a></p><h2 class="center" style="text-align:center;"><strong>Noam Chomsky (2014) "How to Ruin an Economy; Some Simple Ways"</strong></h2><p style="text-align:center;"> </p><p class="center" style="text-align:center;"><strong>Source:</strong></p><p class="center" style="text-align:center;"><strong>Noam Chomsky</strong></p><p class="center" style="text-align:center;"><strong>Published on Feb 12, 2014</strong></p><p><br />Noam Chomsky spoke at Third Boston Symposium on Economics on February 10th 2014, sponsored by the Northeastern University Economics Society<a href="http://www.northeastern.edu/econsociety/?page_id=267" target="_blank">http://www.northeastern.edu/econsocie...</a> in Boston, MA.<br /><br />Chomsky argued that certain factors, among them cutting federal funding for research and development and the growing gap between the richest 1 percent and everybody else, have led to the country's current economic climate.<br /><br />"The system is so dysfunctional that it cannot put eager hands to needed work using the resources that would be available if the economy were designed for human needs," Chomsky said. "These things didn't just happen like a tornado, they are the results of deliberate policies over roughly the past generation."<br /><br />Chomsky focuses on what economic actions that government, the super rich and corporations are doing that insures the US and other economies fail for the overwhelming majority of people. We're a nation whose leaders are pursuing policies that amount to economic suicide. <br /><br />This video also includes an extended 14 minute question and answer period with Dr. Chomsky..<br /><br />Unless otherwise indicated, all materials on in this video are copyrighted to Leigha Cohen Video, All rights reserved. No part of this video may be used for any purpose other than educational use and any monetary gain from this video is prohibited without prior permission from me. Therefore, reproduction, modification, storage in a retrieval system is prohibited. Standard linking of this video is allowed and encouraged.</p><p>You can watch the video at: <a href="https://www.youtube.com/watch?v=6mhj-j0z-fk" target="_blank">https://www.youtube.com/watch?v=6mhj-j0z-fk</a></p><p></p></div>As a Future Labour Government Becomes Reality, Tories Panic as Bankers See Gravy-Train Crashinghttps://globalriskcommunity.com/profiles/blogs/as-a-future-labour-government-becomes-reality-tories-panic-as2015-09-28T17:13:41.000Z2015-09-28T17:13:41.000ZEnrique Raul Suarezhttps://globalriskcommunity.com/members/EnriqueRaulSuarez<div><p style="text-align:center;"><img width="400" height="224" class="align-center" style="width:401px;height:193px;" src="{{#staticFileLink}}8028238879,original{{/staticFileLink}}" alt="8028238879?profile=original" /><span class="font-size-3"><strong>As a Future Labour Government Becomes Reality, Tories Panic as Bankers See Gravy-Train Crashing</strong></span></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;">Source:</p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;"><a href="http://www.globalresearch.ca/author/bellchambers" target="_blank"><span><span>Anthony Bellchambers</span></span></a></p><p class="center" style="text-align:center;"></p><p class="center" style="text-align:center;">Global Research, September 28, 2015</p><p></p><p><em>Goldenballs bankers and hedge-fund, casino-operation directors are even now making enquiries to emigrate to Dubai or New York, in the future, as it becomes clear that a radical reforming, British Labour government is more than likely in 2020.</em></p><p>Multinational companies currently protected by the Conservative government will be forced in future to pay taxes in the country where they make their profits.</p><p>Those disadvantaged, disabled and unable to work will have benefits reinstated provided, of course, that they survive this administration.</p><p>Insider trading and £1million annual bonuses will be made illegal. Tax avoidance by the city will be prosecuted and those found guilty, subject to mandatory imprisonment.</p><p>Railways and mass transport systems will be nationalised and fares made affordable to all as an essential public service. Shareholders will have to find unearned profits in America or elsewhere.</p><p>Bonuses for company directors who fail will be abolished by law.</p><p>A replacement for the Trident nuclear deterrent will only be considered if it is can be proven capable of defending the United Kingdom in the future from the massive undeclared Middle Eastern, nuclear arsenal held by Israel that is outside the inspection of the IAEA. Given that is all but impossible, there would be little point in expending £100 billion of taxpayers’ money on a deterrent that would, in fact, be no deterrent at all - instead of building new hospitals and investing in cancer research so as to bring Britain up from the bottom of cancer-care tables in Europe.</p><p>Better, by far, to support a Nuclear Free Zone incorporating Israel and Iran, instead. That way, we in Britain could be reasonably assured of being safe from Middle East terrorism.</p><p></p></div>The Myth that Japan is Broke: The World’s Largest “Debtor” is now the Largest Creditorhttps://globalriskcommunity.com/profiles/blogs/the-myth-that-japan-is-broke-the-world-s-largest-debtor-is-now2015-05-20T19:34:43.000Z2015-05-20T19:34:43.000ZEnrique Raul Suarezhttps://globalriskcommunity.com/members/EnriqueRaulSuarez<div><p><a href="{{#staticFileLink}}8028232685,original{{/staticFileLink}}"><img width="173" height="122" class="align-center" style="width:241px;height:160px;" src="{{#staticFileLink}}8028232685,original{{/staticFileLink}}" alt="8028232685?profile=original" /></a></p><p style="text-align:center;"><span class="font-size-3"><b>Enrique Suarez Presenting:</b></span></p><p style="text-align:center;"></p><p style="text-align:center;"><span class="font-size-3"><b>The Myth that Japan is Broke: The World’s Largest “Debtor” is now the Largest Creditor</b></span></p><p style="text-align:center;"></p><p style="text-align:center;"><span class="font-size-3">Source: Ellen Brown</span></p><p style="text-align:center;"></p><p style="text-align:center;"><span class="font-size-3">Global Research</span></p><p></p><p><i>Japan’s massive government debt conceals massive benefits for the Japanese people, with lessons for the U.S. debt “crisis.”</i></p><p>In an April 2012 article in Forbes titled “If Japan Is Broke, How Is It Bailing Out Europe?”, Eamonn Fingleton pointed out the Japanese government was by far the largest single non-Eurozone contributor to the latest Euro rescue effort. This, he said, is “the same government that has been going round pretending to be bankrupt (or at least offering no serious rebuttal when benighted American and British commentators portray Japanese public finances as a train wreck).” Noting that it was also Japan that rescued the IMF system virtually single-handedly at the height of the global panic in 2009, Fingleton asked:</p><p></p><p>How can a nation whose government is supposedly the most over borrowed in the advanced world afford such generosity? . . .</p><p></p><p>The betting is that Japan’s true public finances are far stronger than the Western press has been led to believe. What is undeniable is that the Japanese Ministry of Finance is one of the most opaque in the world . . . .</p><p></p><p>Fingleton acknowledged that the Japanese government’s liabilities are large, but said we also need to look at the asset side of the balance sheet:</p><p></p><p>[T]he Tokyo Finance Ministry is increasingly borrowing from the Japanese public not to finance out-of-control government spending at home but rather abroad. Besides stepping up to the plate to keep the IMF in business, Tokyo has long been the lender of last resort to both the U.S. and British governments. Meanwhile it borrows 10-year money at an interest rate of just 1.0 percent, the second lowest rate of any borrower in the world after the government of Switzerland.</p><p></p><p>It’s a good deal for the Japanese government: it can borrow 10-year money at 1 percent and lend it to the U.S. at 1.6 percent (the going rate on U.S. 10-year bonds, making a tidy spread.</p><p></p><p>Japan’s debt-to-GDP ratio is nearly 230%, the worst of any major country in the world. Yet Japan remains the world’s largest <i>creditor</i> country, with net foreign assets of $3.19 trillion. In 2010, its GDP per capita was more than that of France, Germany, the U.K. and Italy. And while China’s economy is now larger than Japan’s because of its burgeoning population (1.3 billion versus 128 million), China’s $5,414 GDP per capita is only 12 percent of Japan’s $45,920.</p><p></p><p>How to explain these anomalies? Fully 95 percent of Japan’s national debt is held domestically by the Japanese themselves.</p><p></p><p>Over 20% of the debt is held by Japan Post Bank, the Bank of Japan, and other government entities. Japan Post is the largest holder of domestic savings in the world, and it returns interest to its Japanese customers. Although theoretically privatized in 2007, it has been a political football, and 100% of its stock is still owned by the government. The Bank of Japan is 55% government-owned and 100% government-controlled.</p><p></p><p>Of the remaining debt, over 60% is held by Japanese banks, insurance companies and pension funds. Another chunk is held by individual Japanese savers. Only 5% is held by foreigners, mostly central banks. As noted in a September 2011 article in The New York Times:</p><p></p><p>The Japanese government is in deep debt, but the rest of Japan has ample money to spare.</p><p></p><p>The Japanese government’s debt <i>is</i> the people’s money. They own each other, and they collectively reap the benefits.</p><p align="center"></p><p align="center"><b>Myths of the Japanese Debt-to-GDP Ratio</b></p><p></p><p>Japan’s debt-to-GDP ratio looks bad. But as economist Hazel Henderson notes, this is just a matter of accounting practice—a practice that she and other experts contend is misleading. Japan leads globally in virtually all areas of high-tech manufacturing, including aerospace. The debt on the other side of its balance sheet represents the payoffs from all this productivity to the Japanese people.</p><p></p><p>According to Gary Shilling, writing on <i>Bloomberg</i> in June 2012, more than half of Japanese public spending goes for debt service and</p><p>social security payments. Debt service is paid as interest to Japanese “savers.” Social security and interest on the national debt are not included in GDP, but these are actually the social safety net and public dividends of a highly productive economy. These, more than the military weapons and “financial products” that compose a major portion of U.S. GDP, are the real fruits of a nation’s industry. For Japan, they represent the enjoyment by the people of the enormous output of their high-tech industrial base.</p><p></p><p>Shilling writes:</p><p></p><p>Government deficits are supposed to stimulate the economy, yet the composition of Japanese public spending isn’t particularly helpful. Debt service and social-security payments — generally non-stimulative — are expected to consume 53.5 percent of total outlays for 2012 . . . .</p><p></p><p>So says conventional theory, but social security and interest paid to domestic savers actually do stimulate the economy. They do it by getting money into the pockets of the people, increasing “demand.” Consumers with money to spend then fill the shopping malls, increasing orders for more products, driving up manufacturing and employment.</p><p align="center"></p><p align="center"><b>Myths About Quantitative Easing</b></p><p></p><p>Some of the money for these government expenditures has come directly from “money printing” by the central bank, also known as “quantitative easing.” For over a decade, the Bank of Japan has been engaged in this practice; yet the hyperinflation that deficit hawks said it would trigger has not occurred. To the contrary, as noted by Wolf Richter in a May 9, 2012 article:</p><p></p><p>[T]he Japanese [are] in fact among the few people in the world enjoying actual price stability, with interchanging periods of minor inflation and minor deflation—as opposed to the 27% inflation per decade that the Fed has conjured up and continues to call, moronically, “price stability.”</p><p></p><p>He cites as evidence the following graph from the Japanese Ministry of Internal Affairs:</p><p></p><p style="text-align:center;"></p><p style="text-align:center;"><a href="{{#staticFileLink}}8028232487,original{{/staticFileLink}}"><img width="604" class="align-center" src="{{#staticFileLink}}8028232487,original{{/staticFileLink}}" alt="8028232487?profile=original" /></a></p><p>How is that possible? It all depends on where the money generated by quantitative easing ends up. In Japan, the money borrowed by the government has found its way back into the pockets of the Japanese people in the form of social security and interest on their savings. Money in consumer bank accounts stimulates demand, stimulating the production of goods and services, increasing supply; and when supply and demand rise together, prices remain stable.</p><p></p><p align="center"><b>"Myths About the “Lost Decade”</b></p><p align="center"></p><p>Japan’s finances have long been shrouded in secrecy, perhaps because when the country was more open about printing money and using it to support its industries, it got embroiled in World War II. In his 2008 book In the Jaws of the Dragon, Fingleton suggests that Japan feigned insolvency in the “lost decade” of the 1990s to avoid drawing the ire of protectionist Americans for its booming export trade in automobiles and other products. Belying the weak reported statistics, Japanese exports increased by 73% during that decade, foreign assets increased, and electricity use increased by 30%, a tell-tale indicator of a flourishing industrial sector. By 2006, Japan’s exports were three times what they were in 1989.</p><p></p><p>The Japanese government has maintained the façade of complying with international banking regulations by “borrowing” money rather than “printing” it outright. But borrowing money issued by the government’s own central bank is the functional equivalent of the government printing it, particularly when the debt is just carried on the books and never paid back.</p><p align="center"></p><p align="center"><b>Implications for the “Fiscal Cliff”</b></p><p></p><p>All of this has implications for Americans concerned with an out-of-control national debt. Properly managed and directed, it seems, the debt need be nothing to fear. Like Japan, and unlike Greece and other Eurozone countries, the U.S. is the sovereign issuer of its own currency. If it wished, Congress could fund its budget without resorting to foreign creditors or private banks. It could do this either by issuing the money directly or by borrowing from its own central bank, effectively interest-free, since the Fed rebates its profits to the government after deducting its costs.</p><p></p><p>A little quantitative easing can be a good thing, if the money winds up with the government and the people rather than simply in the reserve accounts of banks. The national debt can also be a good thing. As Federal Reserve Board Chairman Marriner Eccles testified in hearings before the House Committee on Banking and Currency in 1941, government credit (or debt) “is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”</p><p></p><p>Properly directed, the national debt becomes the spending money of the people. It stimulates demand, stimulating productivity. To keep the system stable and sustainable, the money just needs to come from the nation’s own government and its own people, and needs to return to the government and people.</p><p></p><p><b><i>Ellen Brown</i></b> <i>is an attorney and president of the Public Banking Institute,</i> <i><a href="http://PublicBankingInstitute.org">http://PublicBankingInstitute.org</a></i><i>. In Web of Debt, her latest of eleven books, she shows how a private cartel has usurped the power to create money from the people themselves, and how we the people can get it back. Her websites are</i> <a href="http://r20.rs6.net/tn.jsp?e=001sOSqCKXB8QgwFM-ng2Kg43MDtVTYxy2qQB3fLD8i2nJFYRK3oeUksasXm0XkbQ2TzhnfjeHSeupIWGa7iooogsUQ6jw4cIRE7kUDFmsnmemJGY7NBJ6ZdA==" target="_blank"><i>http://WebofDebt.com</i></a> <i>and</i> <a href="http://r20.rs6.net/tn.jsp?e=001sOSqCKXB8QhpQUhDMJ7I4BfqCc6ISHNrH4VfeXIWfI2qR5AtIcOsQ1SHmxDpM2kH9GEJda8NlhCPMLJPfHR13qZ8JH4i5uYf8K2981MqFxTGdoOKRvU2oQ==" target="_blank"><i>http://EllenBrown.com</i></a></p><p></p><p></p><p></p><p></p></div>Edward Ingram reveals some ground breaking ideas in Risk Management for Mortgage Financehttps://globalriskcommunity.com/profiles/blogs/edward-ingram-reveals-some-ground-breaking-ideas-in-risk2013-01-12T14:56:38.000Z2013-01-12T14:56:38.000ZEdward C D Ingramhttps://globalriskcommunity.com/members/EdwardCDIngram<div><p><i>A comprehensive round-up of some of Mr Ingram's work </i><b><i><a href="http://macro-economic-design.blogspot.com/p/ingramsure-board.html">(of IngramSure (UK) Ltd)</a> </i></b><i>on investigating the instability and risk that is built into the foundations of the world's economies. Edward thinks that this is where Risk Managers need to assert themselves by getting involved in the design of the products that they are risk managing.</i></p><p><i><br /></i> <b>BORIS - Edward you have been telling me and much of the world on your blogs about your researches.</b></p><p> </p><p><b>It seems that your approach to risk management is somewhat unique. Can you tell us about that?</b></p><p> </p><p>Edward – Yes Boris it is very different because I am not employed to manage risk. I am free to say, “This is not something that we should be managing the risk of<b>.”</b></p><p> </p><p><b>BORIS – Can you give an example of that?</b></p><p> </p><p>Edward – Yes the prime example of something that is not correctly structured is mortgage finance. The way it is repaid is just asking for trouble and the way it decides how much should be lent / is costed is asking for trouble.</p><p> </p><p>The fact is that mortgage finance and property price values and the budgets of borrowers are all at risk.</p><p> </p><p><b>BORIS – Yes you have explained that before and I have to agree that risk managers frequently say that interest rate risk is virtually impossible to manage. You once told me that it has even been said that adding reserves to the lenders’ bank balances will not work “Because the waves are bigger than the ship.”</b></p><p> </p><p><b>But before you go into that, can you name anything else that is creating insuperable problems for risk managers?</b></p><p> </p><p>Edward – Government debt is another one which is important because it is so big. And on the opposite side of that government borrowing are investors who are trying desperately to create a retirement plan which does not put their hard earned investments at risk.</p><p> </p><p><b>BORIS – What you are saying is that there are no investments out there that are AAA rated to protect the investments that people are putting aside for their retirement. Is that right?</b></p><p> </p><p>Edward – That is absolutely right.</p><p> </p><p>It is all sourced basically from the one common thread that we have put close to our hearts and around which we have constructed almost everything financial.</p><p> </p><p>“What is that?” I hear you asking.</p><p> </p><p>Let me put it this way – I think I am right when I say that for most people, interest and capital are two different things - right?</p><p> </p><p>If you take away the interest what you are left with is the capital. This is a commonly accepted theorem or definition of interest and capital.</p><p> </p><p>But then everyone also knows that money is constantly changing its value. Where does that fit in? It is not fully recognised by any of the financial structures that are on offer. And it is that inbuilt kind of structure, that insistence that all of the interest must be paid on a mortgage or a government bond, which makes the whole foundation upon which our economies are built, unsafe and unstable.</p><p> </p><p>So the outcome is that we have nothing that is safe either in terms of its investment value or in terms of a safe budget that repays a safely affordable amount of value so that the borrower is not put at risk of default by the lender.</p><p> </p><p><b>BORIS – What about index-linked investments and mortgages?</b></p><p> </p><p>Edward – In principle this is a much better idea but there are some objections.</p><p> </p><p>HYBRIDS</p><p>One is that the public are not educated into them, so to overcome that one I have created a hybrid mortgage in which it appears to be and starts out as the usual level payments thing, but if the interest rate rises then the borrower has a safety net which in effect turns the mortgage into a rent-to-buy model with the payments rising less quickly than incomes. This ongoing easement in the cost of payments has the effect of preventing what is called Payments Fatigue and it helps to keep all of the borrowers on board because not everyone’s income rises as fast as the average - at least not all the time. Most incomes rise faster at times and slower at other times. It may also be argued that younger people may be on a promotion path, leaving older borrowers income increases lagging behind the average.</p><p> </p><p>So for various reasons the lender has to take care about what index is used for this exercise. Defining the average has its own issues. If in doubt, use the national average index but make sure that the payments fall away fairly fast relative to that index. I think that around 4% p.a. will do the trick. This means that every three years the cost burden in value or average income terms eases by almost 12%. It means that if incomes are standing still payments will be falling every year by 4% p.a. It means that you have to repay more value at first and less later on. I have been asked to illustrate that which I have now done in FIG 0 below.</p><p align="center">-------------------------</p><p><b>FIG 0</b> – 3.55 times income (near mid-range) mortgage repayment table with zero income increases, and falling payments.</p><p>Source: Edward C D Ingram Spreadsheets.</p><p></p><p><a href="{{#staticFileLink}}8028221088,original{{/staticFileLink}}"><img src="{{#staticFileLink}}8028221088,original{{/staticFileLink}}" width="619" class="align-full" alt="8028221088?profile=original" /></a></p><p>NOTES –</p><p>The total amount of income repaid in this table for this 3.55 times income mortgage, if you add up all of the ‘% of income’ data is around 35.2% more than was borrowed at 4.8 years' income, which is about the normal additional cost-to-income based on average rates for the UK 1970 – 2002.</p><p></p><p>This model even works when incomes are falling. As long as interest rates are lower or mortgages are smaller, the payments will fall even faster in that case.</p><p> </p><p>In the same conditions, (3% interest and zero income increases), the Level Payments Model would lend the same amount on an income of 19,143 p.a. compared to this ILS mortgage needing 28,185 p.a. That amounts to lending 5.2 years’ income (inflating property prices because all income groups can borrow more). The traditional model will cost 30% of income p.a. every year for 25 years, if incomes are not rising, a total cost of 7.5 years' income. The IMF July 2012 UK Country Report estimates that UK House Prices are normally 3.5 times income on average, based on past data, and currently they are 4.5 times income on average due to lowered interest rates.</p><p align="center">--------------------------</p><p><b>BORIS – That kind of thinking rather puts use of the prices index outside the realm of mortgage finance.</b></p><p> </p><p>Edward – Yes it does. In fact all of the experiments done by lenders using the prices index have fallen into the dustbin of history. The nearest anyone has got to my mortgage model as far as I know, is in Turkey where they have a model that increases the payments at the same rate as the wages index of Civil Servants. The mortgages are then offered to Civil Servants. I understand it is not popular. I am sure that must be because it creates Payments Fatigue. The advantage, which also applies to my mortgage model by the way, is that more can be lent at high interest and inflation rates.</p><p> </p><p>If you ignore some of the more practical issues that can arise, in theory, my model can lend the same amount in any economy, provided that... quite a long list of things are well managed.</p><p> </p><p><b>BORIS – How does the risk management work? You say it should not only eliminate most of the arrears cases but it also stabilises property values.</b></p><p> </p><p>Edward – I have developed some equations and a chart for risk management which are named after myself – Ingram’s Risk Management Charts. There is the related Safe Entry Cost Equation, which is really just an equation that breaks down the state of any kind of mortgage or other regular payments debt structure into three elements which added together make up the current level of payments. They are the current capital payment element, the current rate of easement of the payments cost relative to income, called the rate of Payments Depreciation, and the current rate at which value is being added to the mortgage. I will come back to this later.</p><p></p><p>I am also preparing a follow-on paper for this discussion which I would like readers to see when it is ready.</p><p></p><p>TRAINING RISK MANAGERS AND PRODUCT DESIGNERS</p><p>In fact much of that has already been done in much greater details in LESSONS 3 to 8 at:</p><p><a href="http://ingram-school.blogspot.com/">http://ingram-school.blogspot.com</a>, but it needs to be done more professionally sometime. I am also creating a new, hopefully better written version of all that to be sold with an interactive spreadsheet so that every kind of test imaginable can be done on the various mortgage models by risk managers and product designers world-wide.</p><p> </p><p>What the equation shows is that if you start with too large a mortgage you then find that you are charging too little in entry cost (the early monthly payments) because <i>the borrowers usually cannot afford to pay more for a larger mortgage</i>. This means that you, the lender, are at huge risk of arrears and default when interest rates rise. Later on, the interest rate and the payments rise because they have to. The mortgage you started with was too big because interest rates were too low to stay low. Interest rates always revert to mean, just like share prices and P/Es tend to do.</p><p> </p><p>STABILISING PROPERTY VALUES AS RISK MANAGERS TAKE OVER</p><p>The outcome if all lenders over-lend in this way, is that property values get pushed sky high and when interest rates revert to mean, the collateral security has gone and the arrears jump through the roof. You don’t need any sub-prime idiocy to make that happen.</p><p></p><p>So the amount that it is safe to lend does not enlarge a lot if interest rates fall, and vice versa, it does not reduce a lot if interest rates rise above the mean value. What counts for affordability is the income multiple originally lent and the longer term averages for interest rates relative to incomes growth rate. This approach to risk management should make property values much more stable and it should preserve the collateral security that is needed.</p><p> </p><p><b>BORIS – You gave an example of what happened in America – the Fed tried to raise what had been 3.5% interest up past the mean to around the 8% mark at which point the inference was that mortgage payments would cost over 50% more.</b></p><p> </p><p>Edward –That is correct, and that is why property prices came tumbling down. It was not just because of forced sales and sub prime.</p><p> </p><p><b>BORIS – On that basis are not property prices still over-valued?</b></p><p> </p><p>Edward – Yes I believe they are. When QE finishes and interest rates have to rise, there will be a repeat of the same dilemma. In fact many people are strongly opposed to QE because it is robbing the elderly of their wealth and it may be robbing lenders of some future lending capacity. Certainly it is distorting the economy, for which there is always a price to pay.</p><p></p><p>THE PROBLEMS FOR ECONOMIC RECOVERY </p><p><b>BORIS – You said that there is a solution to this dilemma - a way to keep property values high even as interest rates return to normal, which means that QE may be not necessary. Please tell us about it.</b></p><p> </p><p>Edward – Basically my risk management chart shows that only if you stick to the middle ground of mortgage sizes and entry costs can you manage the interest rate risk and the payments fatigue.</p><p> </p><p>As I said earlier, the <b>Safe Entry Cost Equation</b> (the one that gives a breakdown into component parts of any current level of payments including the proposed entry cost), says that any regular mortgage / debt repayment level has three basic elements as follows:</p><p> </p><p>- The current Capital Repayment content C% p.a.</p><p>- The current Mortgage Fatigue avoidance element called Payments Depreciation (relative to incomes), D% p.a.</p><p>- The current True Cost element which is the <i>part of the interest rate</i> that makes a borrower have to repay more value than the value that was borrowed, I% p.a.</p><p> </p><p>Just add these together and you get the current level of Payments, P% p.a. of the amount borrowed.</p><p>P% = C% + D% + I% (all p.a.)</p><p>This equation applies to ALL mortgage repayment models. They only differ in how they manage the elements - the Payments Depreciation D% , and the Capital Repayment Content C%. How these components are allowed or forced to behave by the particular mortgage repayments model determines how the total repayments behave at any given time and how safe from arrears they will be.</p><p> </p><p>If you stick close to the middle ground in mortgage sizes (income multiples) you can probably lend around 3.5 years’ income repayable over 25 years in the UK. In the USA they go for 30 years but that is a bit more risky in my opinion, so I stick with 25 years.</p><p> </p><p>The rate of easement – the Payments Depreciation, D% p.a. - can then be around 4% p.a. or a fraction more if the third element in the Safe Entry Cost Equation, I%, is currently low – below what I think is the average, or median, level.</p><p> </p><p>Now in order to support the kind of property values that are around today, many lenders are offering mortgages as much as five times income. QE is being used to keep the interest rate low for this reason – to support the collateral security of lenders and to boost the confidence of borrowers and home owners. It is claimed that this helps with economic recovery, which in the short term is true. But there is no clear plan about what to do when QE ceases and interest rates have to rise.</p><p> </p><p>My equations and spreadsheets shows that this support for property values can be done by lending the same amount, around five times income, even as interest rates are rising towards the median rate of interest of say 7% interest if Payments Depreciation, D% p.a., then falls towards 2% p.a. That is stretching things a bit and is not for the longer term. Some borrowers will get stressed but they will not all crash out at the same time and they may move on before their arrears grow much and their property value may be still safe. And the mortgage money sizes will not actually start rising at these rates. So borrowers may want to opt for this route as interest rates rise.</p><p></p><p>AN INTERVENTION</p><p>But it does mean that if Lenders / Risk Managers are directed to lend this much, then property prices can stay high to protect those assets and balance sheets, whilst incomes do the catching up to reduce that five times income multiple back to the norm of say 3.5 times income, as the economy recovers. This removes one distortion at least - that of low interest rates caused by QE (or any other intervention measures), and both borrowers and bankers will survive the recovery which the current alternative plan using the traditional mortgages, may not do so easily.</p><p> </p><p><b>BORIS – Thank you Edward. I am sure that your full paper on this will be absolutely fascinating. It appears that you have shown that if the risk management is done correctly then property values will stabilise and that going forward to a new era after economic recovery, mortgages will almost always be affordable for almost everyone with an ongoing income.</b></p><p> </p><p>GOVERNMENT BONDS TOO</p><p><b>I understand that you wanted to tell us about a similar and very costly misunderstanding involving government debt. You told me that investors in government debt have been reaping very high returns that have cost tax payers huge amounts in terms of value, and that this is largely due to the wealth risk exposure that the fixed interest rate model imposes. Unfortunately we have run out of time, but maybe another time we can go into that.</b></p><p> </p><p>Edward – Yes Boris it is a great shame because if a value-protecting, index-linked bond structure was used, linking the value of bonds to national average incomes, or to GDP even, then that would revolutionise retirement planning. Then, all kinds of other things that are troubling the governments of the world would come right. From the data I have seen it could also save tax payers a great deal of money. Some of the most costly things that both people and an economy can face is insecure wealth and uncertain costs. I can show that the outcome of these instabilities is enlarged business cycles in place of relatively shallow ones, and lots of personal financial problems at every level. I believe that the instability of government debt value also considerably complicates and worsens austerity measures when they have to be applied.</p><p> </p><p><b>BORIS – I understand that you are preparing another paper to illustrate and explain more of all this. Please let us know when and where we can see that. Thank you for being with us today.</b></p><p><b> </b></p><p>Edward – Yes I will and Thank You, it has been my pleasure.</p></div>See the Big Picture and learn how the US government decisions impact your industryhttps://globalriskcommunity.com/profiles/blogs/see-the-big-picture-and-learn-how-the-us-government-decisions-imp2012-01-09T16:00:00.000Z2012-01-09T16:00:00.000ZGlobalRiskCommunityhttps://globalriskcommunity.com/members/GlobalRiskCommunity<div><p class="summary"><b>Dear member/visitor,</b></p>
<p>We work with the first class sponsors and partners who will bring you top resources which will help you advance your career and perform your job better.</p>
<p>Today we prepared some great resources related to Regulation, Risk and Finance for you. <strong>If you have previously registered into our White papers facility, enter only your email in the form.</strong></p>
<p><strong><strong>1. Be the first to receive a FREE copy of Bloomberg Government Insider when you sign up and request a demo today</strong>. ===> <a href="http://bit.ly/BloombergGov2012">http://bit.ly/BloombergGov2012</a><br /></strong></p>
<p class="summary">Bloomberg Government is the one-stop, customizable source that quantifies the impact of legislative action, executive decisions, and policymaking on companies, industries, and markets with real-time context and perspective.</p>
<p class="summary">BGov is for executives who need to know what the government did today and how it will affect them tomorrow. BGov is for government officials in Washington, those who work to influence them, and anyone whose business benefits from immediate insight that discerns the cost of government actions.</p>
<p class="summary">BGov delivers expert policy analysis, unique data breakdowns, and proven editorial expertise – all in one place, all in real-time. Stay ahead of the issues, identify opportunities, and break through the clutter – saving you time and resources.</p>
<p class="summary">Be the first to receive a FREE copy of Bloomberg Government Insider when you sign up and request a demo today.</p>
<p>===> <a href="http://bit.ly/BloombergGov2012">http://bit.ly/BloombergGov2012</a></p>
<p></p>
<div class="postbody"><div class="xg_user_generated"><p>Focusing on technological innovation, business strategy and geographical markets, this guide provides thought leadership on how capital markets firms can capitalize on real-time data and leverage new risk strategies for a trading advantage.</p>
<p><strong>====> <a href="http://bit.ly/CapitalMarketsGuide" target="_blank">http://bit.ly/CapitalMarketsGuide</a></strong></p>
<p><b><br /></b></p>
<div class="xg_user_generated"><b>___________________________________________________________________________<br /></b></div>
<div class="xg_user_generated"><b>From Sybase:</b></div>
<p><strong>2. The Changing Face of Risk Management in the New Regulatory Environment</strong></p>
<p>This white paper explores how IT departments at financial institutions are assuming a more proactive role in identifying technologies that can improve their risk management and bring them to the attention of risk managers and business heads. </p>
<p><b>====> <strong><a href="http://bit.ly/ChangingRiskManagement" target="_blank">http://bit.ly/ChangingRiskManagement</a></strong></b></p>
<p><strong><a href="http://bit.ly/ChangingRiskManagement" target="_blank"><br /></a></strong></p>
<p><strong>3. Introduction To Complex Event Processing (CEP) In Capital Markets</strong></p>
<p><br /> This Sybase presentation provides a high-level overview of Complex Event Processing (CEP). It begins by defining CEP and its capital markets applications, and culminates with the powerful Sybase CEP platform and its features and benefits.</p>
<p><b>====> <a href="http://bit.ly/CEPCapitalMarkets" target="_blank">http://bit.ly/CEPCapitalMarkets</a></b></p>
</div>
</div></div>See the Big Picture Through Bloomberg Governmenthttps://globalriskcommunity.com/profiles/blogs/bloomberg2011-07-24T15:00:00.000Z2011-07-24T15:00:00.000ZBoris Agranovichhttps://globalriskcommunity.com/members/BorisAgranovich<div><p><a target="_blank" href="http://bit.ly/BloombergGovernment">http://bit.ly/BloombergGovernment</a> - copy and paste this URL into your browser or click on the link below.</p>
<div id="ctl00_Content_InventoryReservation_ReservationsDlt_ctl00_P3">Bloomberg Government is the one-stop, customizable source for knowing how government decisions impact your industry. No other service delivers expert policy analysis, unique data breakdowns, and proven editorial expertise – all in one place, all in real-time. Stay ahead of the issues, identify opportunities, and break through the clutter – saving you time and resources.<br /><br /><span>Be the first to receive a FREE copy of <em>Bloomberg Government Insider</em> when you sign up and request a demo today.</span></div>
<div><p><a href="http://bit.ly/BloombergGovernment" target="_blank">http://bit.ly/BloombergGovernment</a></p>
<p> </p>
<p>(If you have already downloaled a White papet from us, you only have to enter your your email address and you can download as many as you want.) </p>
</div></div>The truth about government travel advisories, warnings and alertshttps://globalriskcommunity.com/profiles/blogs/the-truth-about-government2011-02-07T07:37:00.000Z2011-02-07T07:37:00.000ZTony Ridleyhttps://globalriskcommunity.com/members/TonyRidley<div><h1>The truth about government travel advisories, warnings and alerts</h1><p>If you’re like most people and you believe that government travel advisories, warning and alerts represent the most accurate advice for business travellers then you are terribly mistaken.</p><p> </p><p>Here are the key elements that all business travellers and travel managers need to know regarding the validity and application of government travel alerts and travel related advice. Knowing and understanding these few simple issues will save your company unnecessary travel delays and disruptions under almost any circumstance. The main points to always consider in the wake of a renewed or updated advisory, warning or alert is the target audience, specific government resources, commercial relevance and the avoidance of evacuation scenarios.<a href="http://tony-ridley.com/wp-content/uploads/2011/01/travel_alert_red_button_800_clr-11.png"><img class="alignright size-medium wp-image-1474" title="Travel Alert, Travel Safe" src="http://tony-ridley.com/wp-content/uploads/2011/01/travel_alert_red_button_800_clr-11-300x262.png" width="300" height="262" alt="travel_alert_red_button_800_clr-11-300x262.png" /></a></p><p>The primary demographic for government advisories are first time travellers, backpackers, families and anyone else with little to no prior travelling experience and preparation or the lowest possible denominator. It is this group that governments aim their advice and analysis towards with the belief that if this group is adequately informed, then all remaining demographics will be covered. Unfortunately this results in an artificially low benchmark for all travellers not within this group.These other groups depend upon travel for business productivity, management and administration and the more likely to have their travel plans altered unnessesarily due to many government alerts. This is in part due to corporate risk avoidance (in the belief the government travel advisories are adequate) and insurance companies benchmarking many of their travel policy exclusions on that of government travel advice (again, in the belief the government are catering to their needs too). Unless you are a first time traveller, significantly inexperienced or lack appropriate business support while travelling, then the majority of government travel advice does not apply to you.</p><p> </p><p>Detailed examination of dedicated resources aimed at travel related advice and content typically reveals little more than a handful of “specific” resources. That is, someone or department dedicated solely to the collection, analysis and dissemination of commercially relevant travel advice. Most government resources are “shared” services when it comes to travel intelligence and advice with general non-government travel a very small increment of their overall mandate. Smaller countries have no dedicated resources and simply “share” the advice from coalition partners or more populace countries, further diluting the relevance to their citizens. Most continuous travel advisory services, provided by a government, are little more than a chronology of publicly available media updates. While resources are limited in the first instance, it is the lack of commercial experience that constitutes the greatest flaw to government travel advisories.</p><p> </p><p>What little resources there are that are aimed at travel intelligence typically lack any direct commercial experience. Therefore, all their apparent advice is predicated more on the interests of the government (resulting in censorship, omissions and politically correct publications) than that of any business sector or commercial demographic. When you have soldiers, government agents and police officers commenting on matters relating to commerce and business travel, you get little actionable advice due to their inability to put into commercial context the impact events may have from a purely commercial perspective rather than a transnational or political viewpoint.</p><p> </p><p>Behind closed doors, most governments admit they do not maintain nor posses the resources (assumed by most of their citizens) for large scale evacuations from any corner of the globe. Regrettably many travellers have grown to assume that complete failure to take responsibility for their own safety and security while travelling will always be compensated by the government’s ability to swoop in and save then if they should so choose. This is wrong and very dangerous for those with such a belief. For those governments that would even consider an evacuation of their nationals (not very many) they will often go to great lengths to advise their citizens to leave or make personal arrangements long before any government is forced into acting. Landing troops or foreign government elements in someone else’s country is always the choice of last resort and highly prone to complications, even if it were possible.</p><p> </p><p>Anything published by a government will always have the country’s national interests such as economy, trade and diplomatic relationships carefully considered before release. Anything that may threaten such strategic goals is likely to be withheld, including government travel advisories, warnings and alerts. Now that you understand the importance of being self sufficient and discerning when it comes to government travel advice you will waste less time placing priority on such updates and focus on more commercially relevant inputs. As a result, your company travel risk management process will be far more resilient and less impacted by the stop/start affect created by government updates, warnings and alerts. You may also now identify gaps that need to be filled by insufficient commercial content from government sources.</p><p> </p><p>Government travel advisories, warnings and alerts focus on the wrong target demographic, lack the appropriate resources, have little commercial relevance and seek to avoid last minute acts such as evacuations. Now that you too are aware of these limitations you should be better positioned to make business decisions in the wake of crisis, emergency and dynamic events that affect a location and your business travellers. Business travel risk management is a commercial process and can only be achieved with appropriate commercial products and services.</p><p> </p><p><a target="_blank" href="http://tony-ridley.com/">Tony Ridley's Website</a></p></div>