Allgemein

The worst part may be over.

Germany’s economy has had a rather rough ride in the last couple of years. A lot of the problems from weak investment to rising unemployment had not only to do with changing global markets and slow German coordinational reaction, and reappearing distributional conflicts in the light of slower growth, but also with a fundamental shift in credit regulations, called Basel II.

Grossly simplyfying, increased rationalisation, as well as “locusts”, were just different strategies to handle the need for a boost in the equity vs dept capital share imposed by the epochal switch in corporate control away from banks to less hierarchically structured “capital markets”.

It was a tough time, no kidding. But as even the Economist, whose reporting about non British European economies is often informed by a bias Edward Said might have labeled “Continentalism”, noted in this week’s issue , things are beginning to look up a little. Tonight, Reuters informs us that the cabinet silently passed the implementation of the new rules into German law, which can only mean that most German companies are now able to deal with them.

There will be a long debate in economic history one day that will focus on the question whether it was actually necesary to do what was done, given the price so many paid in the 1990s and early post millenium years. But that’s for the future, for now let’s enjoy the fact that things are indeed looking brighter again.

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US Politics

Cheney got a gun…

Now look at this, David Ignatius, writing in the Washington Post – a paper characterised by some as the upscale PR office of this American administration (just look at how the arrogance claim comes coupled with “the most righteous politians”) – invokes An Arrogance of Power to explain the Dick Cheney’s silence after the shooting accident.

There is a temptation that seeps into the souls of even the most righteous politicians and leads them to bend the rules, and eventually the truth, to suit the political needs of the moment. That arrogance of power is on display with the Bush administration.

The most vivid example is the long delay in informing the country that Vice President Cheney had accidentally shot a man last Saturday while hunting in Texas. For a White House that informs us about the smallest bumps and scrapes suffered by the president and vice president, the lag is inexplicable. But let us assume the obvious: It was an attempt to delay and perhaps suppress embarrassing news. We will never know whether the vice president’s office would have announced the incident at all if the host of the hunting party, Katharine Armstrong, hadn’t made her own decision Sunday morning to inform her local paper.

Clearly, from a PR standpoint this incident was handles in the worst possible way. But this is not some straw breaking a Cheney’s back, this is a Trent Lott moment. We’ll see soon enough.

Speaking of straws… this might be one (via Brad DeLong).

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US Politics

Shooting Intentionally.

Seriously, I’m starting to think that the US Vice President Cheney might have to step down because of the shooting accident… just look at the quote from Yahoo! News

WASHINGTON – Vice President
Dick Cheney apparently broke the No. 1 rule of hunting: be sure of what you’re shooting at. …
Hunting safety experts interviewed Monday agreed it would have been a good idea for Whittington to announce himself – something he apparently didn’t do, according to a witness. But they stressed that the shooter is responsible for knowing his surroundings and avoiding hitting other people.”

Posing as a tough guy while not being able to shoot straight is something I imagine doesn’t go down well with a significant part of the VP’s constituency… it would be a blow to the administration, of course, but it’s just the kind of thing that cannot happen to a White House already on the defense. Sure, the President has been a little less under fire lately, after all, he pledged to spend the equivalent of about 3 hours of Iraq-money on figuring out a way how reduce the American dependency on oil. But still, with the positioning for the next race already in full swing, this is just the kind of thing that a President cannot afford.

While Cheney stepping down over this would prove each and every prejudice about the irrationality of US public discourse right, you’d just have to admire the irony – he’s been an active part of an administration which, slowly even by their own account, has been busy shooting without knowing what they were shooting at for the last 4 years. And now that did not intend to do that for once he’s actually hitting someone – and, in a way, himself, of course.

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Allgemein

Don’t want to be evil? Don’t be big!

Google’s new DRM system raises a couple of interesting question, particularly with respect to the company’s motto – don’t be evil. Is it actually possible to become as big a company as Google without becoming evil? Will we see the day where Google publishes version 2 of the company philosophy – “Don’t be more evil than you currently think you can afford without endangering your brand that’s based upon being the good guy.”

We’ll see how this DRM thing turns out – quickly. This is an interesting read – from Boing Boing – Boing Boing: Google Video DRM.

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US Politics

Supposedly feeling bad.

Gentle readers, I know I’ve been neglecting this lovely little kind-of diary recently, so, first off, welcome to the 2006 edition of almost a diary. And just in case you were wondering what to avoid this year – here’s my advice: don’t go hunting with Dick Cheney.

Cheney Shoots Fellow Hunter in Texas Accident

“The vice president was concerned,” said Mary Matalin, a Cheney adviser who spoke with him yesterday morning. “He felt badly, obviously. On the other hand, he was not careless or incautious or violate any of the [rules]. He didn’t do anything he wasn’t supposed to do.”

PR people… He didn’t do anything he wasn’t supposed to? Quite frankly, I bet he wasn’t supposed to shoot the guy. But on the other hand, now we know that Mr Cheney can indeed feel bad about something… or do we?

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songwriting

quarterLife

It’s done. Well, it’s a little done. Just before Christmas 2005 I’d finally compiled 20 of my more recent songs on a single CD. As a nice, hand made christmas present, and, of course, for future presentation purposes. I called the album “quarterLife”, because I think that’s what it’s about. Some of the songs are truly personal, others less so, some not at all. Still, in combination, I do believe they represent a lot of what I’ve been about, and to some extent what I am still about, in that quarterLife period of my late 20s.

Those songs on the album which I haven’t posted yet on songramp.com will go online there in the next couple of days. So feel free to check my site there as often as you like.

My songramp.com page

Update (2014): My soundcloud page – https://soundcloud.com/tobischwarz

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Allgemein

Madness in the West Wing.

Just when it seems that America is remembering some of its worthier political traditions (morals, you know…) the West Wing universe is going crazy – from the Television Without Pity recap of the most recently aired episode –

They sit down on Will’s sofa to look at the chart. Kate asks why the British royals are sitting with the German ambassador, noting that there are tensions between the countries related to the World Cup and currency devaluation. Will suggests switching in the Swedish ambassador, but Kate thinks that would be a bad idea in light of “a thing” the Queen had with the ambassador sometime in the past. I really don’t need to hear anything about any “things” the Queen might have had.

There won’t be any problems with the English because of the World Cup… Gary Lineker will be proven right again. Germany will win against England in the semi-finals through a penalty shoot-out, as usual. They’re used to it, and so are we. The only thing that’s not clear yet is whether Brasil will indeed win again or not. Given they’re ahead of both Italy and Germany with 5:3:3 World Cup wins, there’s a chance the world as well as statistics are in favour of Germany for once…

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oddly enough

Don’t scare your friends.

As you may or may not have heard, my gentle readers, the next Fifa world cup will be taking place in Germany next summer. The event’s German motto is “The world hosted by friends”.

I’m not sure, everyone involved in the organisation has completely absorbed that motto yet thought, judging from seeing what must be “one of the world’s most abysmal advertising clips ever produced. And you thought the logo was bad…

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