now browsing by month
In 1783, the United States started to develop its new political and economic system. 209 years later, the European Union (EU) developed its own example of the United States. Unfortunately, George Soros 2008 prediction may have revealed that the EU was not as prepared for political-economic crises as the United States was.
“Like Gold Tested in Fire”
In 1917, as Europeans continued a horrible World War fighting inch-by-inch across mud-filled fields in Belgium, they welcomed the American “Dough Boys” to give them much-needed help. While the Europeans had been forced to ration basic consumer goods and were thin, the American soldiers were stocky and well-fed. Hershey’s even used the opportunity to promote its new chocolate candy bar. Europeans started to yearn for the prosperity that America had achieved.
Local and state governments in the United States largely have “balanced budget” requirements. They are not allowed to run high deficits. Only the federal government is permitted to run large deficits to fund wars through United States Treasury bonds.
“European Members Run High Budget Deficits”
A recurring grievance in the European Union has been over budget deficits. Initially, the European Union sought to establish the Maastrict Treaty ceiling of deficits of 3% of GDP. Unfortunately, in 2003, when Germany and France overshot that limit, the European Union headquarters in Belgium allowed them to violate this guideline without any fine, rebuke or penalty.
Naturally, the other member states of the European Union took note. One of the tried-and-true maxims of politics is that if politicians are allowed to “kick the can down the road” by running deficits, they will. In the long run, this can destroy a currency.
With numerous member states running deficits and using the same currency, pricing becomes an issue. The Euro is supposed to represent all of the nations, but each nation continued to follow its own cultural norms. In 2008, this untenable situation collapsed.
“George Soros Supports American Response to Crisis”
In 2008, George Soros responded to the crisis with his book: The New Paradigm for Financial Markets – The Credit Crisis of 2008 and What it Means. While the United States Federal Reserve stepped in immediately to save the banks, the European Central Bank hesitated. It did not allow for the debt to be renegotiated.
America was prepared for crisis, Europe was not.
Barry Eichengreen said “[i]n the euro zone, what is feasible is not desirable, and what is desirable increasingly looks infeasible.” Europe seemed stuck. Each member state had a slightly different problem and it could not develop a policy that made everyone happy. George Soros 2008 prediction was a warning that the global economic crisis will worsen if it is not fixed.
As part of the interview that has been released on NYBooks, George Soros has talked about the principles of the EU as well as the coming collapse of it. Angela Merkel has opened up her country of Germany in order to allow refugees to come in. Among the many issues that are being faced is hostility to the principles of the European Union. During the interview, George Soros has not only described some of the principles of EU, but his opinion on what it stands for. He also believes that Angela Merkel is the one that could ultimately solve the issue with the EU.
One thing that George Soros points out on CNBC that the principles of EU are a very close with the principles of an open society. He has noticed things upon first getting involved with his region about the Soviet Union and the European Union which was starting to emerge at the time. One thing he noticed was that they had a lot to do with internal governance. The Soviet Union was an exercise on the attempt to bring together the proletarians while the EU worked towards integration. Things have changed a lot since those times.
The Soviet Union has eventually fallen and Russia has replaced it. Nationalism has dominated the European Union which resulted in the ideals of open society being done away with for the time being. While the EU was formed with the idea of it being an opportunity of equals to associate with each other, the crisis has caused it to become and interaction between creditors and debtors. The creditors are of course in control of the deal while the debtors just have to accept everything as is. As a result, there is no equality in this setup. The problem with migration has also aggravated the issue, putting the EU at risk.
George Soros is one person who sees the issue and is hoping that it gets resolved and soon. Along with the other problems that have emerged as a result of certain choices, it is vital that Germany takes over and finds a solution to the crisis. This requires a plan that is comprehensive on account of the EU in response to the crisis. This is going to also involve the reassertion of governance over people who seek refuge so that the transition is safe and orderly. The plan would have to extend beyond Europe’s borders as well.
Many people believe that beauty is only in the eyes of the holder, but some who are looking at their own beauty may not see the beauty that others around them see. It’s easy for a person to criticize their nose, their hips, their thighs, their breasts, or even their face, especially when a person is confronted with the standards of what beauty is today. There doesn’t have to be any good reason for a person to want plastic surgery; they may just simply want to see a different person in the mirror or better-looking features in the mirror, and plastic surgery may help a person feel better about themselves. Although it’s not for others to judge how a person should look or feel about their looks, many people do it all the time.
It’s best for those who are interested in plastic surgery to make the decision for themselves, and the next step should be to look for a surgeon that is qualified to conduct the procedures that are needed. Not every plastic surgeon can conduct all the procedures that are in the plastic surgery world today, but Dr. Jennifer Walden performs many kinds of plastic surgeries. Any part of the body that requires surgery is likely a surgery that Dr. Jennifer Walden performs. A person may need a facelift, rhinoplasty, fat transfer, liposuction, or a tummy tuck, and Dr. Jennifer Walden can perform these surgeries.
Every plastic surgery is delicate and should be performed by a well-trained doctor that is board-certified, which is what Dr. Jennifer Walden is. Not only is Dr. Jennifer Walden a top Texas doctor but she also has had a very high success rate with her surgeries, and her patients are constantly leaving great feedback, which can be seen on her website. Along with patient testimonies, it’s possible to see before and after pictures on Dr. Jennifer Walden’s website as well. Since it’s understandable that many are interested in knowing what procedures will take place during plastic surgery, Dr. Jennifer Walden has listed some information on her website about the procedures she performs and the aftereffects.
Over the years, financial stability has been the center of development for many countries across the world. Institutions and companies globally have invested in different types of business with the aim of boosting economic growth. As such, prices of different types of commodities and goods have stabilized in the recent years thus offering fair competition. In a recent release by Forbes indicates how the flat stock market of 2015 has boosted business development of prospects for 2016. This has provided a level playing ground that people will use as an investment opportunity to boost their business in 2016. Uncertain growth and volatility has brought about focusing on risk assessment. Through this process, people are able to weigh the risks involved in venturing into any type of business. This provides the required insight and gains to be made in the development of business opportunities.
However, other individual have continued to invest successfully despite the potential risk posed by the surging economic situation. James Dondero is one of the leading investment management icons that have scaled the heights to provide investment opportunities that have been emulated by many people. Jim Dondero is the President And Chief Executive Officer of Highland Capital Management. This is worldwide investment management firm with its headquarters in Dallas, United States of America.
After graduating from the University of Virginia, Jim Dondero sharpened his investment management skills when he first joined Protective Life Subsidiary as a chief investment officer. Here, he led the company in acquiring a profit of over 2billion dollars as the chief investment officer which added a lot in his portfolio of great success. This has been the success story that made the James Dondero shine in his subsequent appointments.
Advances in AI have made it possible to shop and search by the use of images. Advancement in technology has led to the innovation of software that can recognize the picture. Shoes.com and Pinterest have invested in the software and testing its effects on shoppers. Users of Pinterest can search for products on the internet by selecting a part of an image. There have been a lot of things that have been changed by the web in the past 20 years. However, the text search box has remained constant. Typing text in the pixilated oblongs has remained a way of how people interact with mobile applications and websites.
Recent technological advancements in image recognition software have been used to challenge typing. Online footwear retailers such as shoes.com and social networks such as Pinterest are conducting tests of new ways of searching for things on the web by using images. Using images to search for products is advancement in technology that most people could never imagine.
Both Pinterest and shoes.com have adopted a technique by the name ‘deep learning’, which enables the software to match items on certain benchmarks to ensure they recognize images. The technique powers photo organization service and Google’s image search it launched earlier this summer. Pinterest’s visual search tool enables you to select by drawing a box on a part of an item available in the service. After choosing a part of an image, it identifies similar items on the web.
Earlier this summer, Pinterest introduced a buy button on the pictures that are searched using this method. The system used by Pinterest has learned ways to understand images by drawings done on the text that people attach to photos that are shared on their service.
Slyce is another improved visual search solution that enables people to search for items on the web by use of images. Customers located in any part of the world can activate and such for anything they can touch and see. The leadership team at Slyce works tirelessly to improve visual search technology. Slice is responsible for bringing innovations that will shape the future of commerce and internet use. They also work to ensure they set the bar higher for setting improved standards for engaging customers.
Slyce works in an amazing way. Once you pick an image, a coupon, QR code or barcode is extracted, and the information is returned to shoppers instantly. A photo available in the media is compared to your image and gives a match on yours. Dozens of attributes such as color, style, uniqueness and pattern of your image are analyzed to provide an equivalent of the item you are searching for.