http___www.ted.com_talks_luis_von_ahn_massive_scale_online_collaboration_language_hr_1.xml
1.1 2.1 3.1 3.2 3.3 3.4 3.5 4.1 5.1 6.1 7.1 8.1 9.1 10.1 11.1 12.1 13.1 14.1 15.1 16.1 17.1 17.2 18.1 19.1 20.1 20.2 20.3 21.1 22.1 23.1 24.1 24.2 24.3 25.1 26.1 26.2 27.1 28.1 29.1 30.1 31.1 32.1 33.1 34.1 34.2 35.1 36.1 36.2 37.1 37.2 38.1 39.1 40.1 41.1 42.1 42.2 43.1
December 26, 2011 The Sack of Rome The WSJ describes the complex scams governments are using to just hand money over to banks without going through democratic considerations. Of course at each step along the way transactions can be inflated to benefit banks. Incredibly these privatizations (and that’s what they are) can be securitized, and pledged as collateral to borrow from the ECB. This explains why a Goldman Sachs crony has taken over in Italy. We are at peak loot. WSJ: December 25, 2011 December 21, 2011 December 20, 2011 What to do when leaving the Eurozone! What if a country had to leave the euro zone? It would need to do the following: It would need to do the following: - Announce and immediately impose capital controls - Impose immediate trade controls (because companies would otherwise falsify imports in order to get their money out) - Impose immediate border controls (to prevent a flight of cash) - Implement a bank holiday (to stop citizens from withdrawing their money and running before the devaluation) and - although this is somewhat hard to imagine - stamp every euro note in the country, converting it back to the national currency. - Announce a new exchange rate (presumably not floating at the beginning, given capital and exchange controls) so that trade could continue. - Decide how to deal with existing outstanding euro-denominated debt, which would probably entail a major government and private-sector debt restructuring (that is, default). This might be easier in the case of government debt, which tends to be governed by domestic law, in contrast to the debt of major corporations, which normally governed by UK law (but we would assume enactment of laws declaring a haircut here, as well). - Recapitalize the (insolvent) banks to make up for losses from defaults - Determine what to do with the non-bank financial sector, the stock and bond markets, and every company account and commercial contract in the country. Any break up would lead to significant turbulence in financial markets - just think about the number of CDS outstanding - and a worldwide recession. The OECD has warned that a breakup of the euro zone would lead to 'massive wealth destruction, bankruptcies, and a collapse in confidence in European integration and cooperation,' leading to 'a deep depression in both the existing and remaining euro area countries as well as in the world economy.' The chart above describes a breakup scenario and its potential implications. December 19, 2011 December 14, 2011 Best of TED - Luis von Ahn: Massive-scale online collaboration For those of us who really hate Captcha, worth watching how this annoying feature is now improving the world. After re-purposing CAPTCHA so each human-typed response helps digitize books, Luis von Ahn wondered how else to use small contributions by many on the Internet for greater good. At TEDxCMU, he shares how his ambitious new project, Duolingo, will help millions learn a new language while translating the Web quickly and accurately — all for free. Best of TED: Charlie Todd - The Shared Experience Charlie Todd causes bizarre, hilarious, and unexpected public scenes: Seventy synchronized dancers in storefront windows, "ghostbusters" running through the New York Public Library, and the annual no-pants subway ride. He shows how his group, Improv Everywhere, uses these scenes to bring people together. Italy staggering business malpractices The following charts from the Telegraph illustrate how regulations and poor administration have held back Portugal, Ireland, Italy, Greece and Spain's economies, using data from the Doing Business project, which carried out by the World Bank, measures the time and cost of common business activities. The charts compare eight European Union (EU) countries (Italy, Greece, Portugal, UK, Germany, France, Ireland, Spain) and the United States, in terms of days it takes to - get construction permits, - get commercial electricity connected, - enforce commercial contracts - export goods Overall, the United States leads with an average of 100 days to carry out business in the above categories whereas it take 420 days in Italy. (See Graph Below) One glaring example is contract enforcement. Contracting is an essential and integral part of transacting business and contributing to a country's economic growth. Enforcing a contract takes about 9 months, which is not that great, yet it takes more than two years to enforce a contract in Greece, and more than three years in Italy. One interesting statistics is that the U.S. leads the pact in getting construction permit in less than a month, which probably partly explained the housing bubble. The same process takes more than 8 months in Italy and Portugal to get a construction permit. Another example is that while it takes 17 days to get commercial electricity connected in Germany, and more than two months in the US (which is bad enough), the same task takes over six months in Ireland and Italy. Exporting and importing a standardized cargo of goods by ocean transport also takes longer in Italy, Portugal and Greece compared to other European countries as well as the the U.S. Telegraph also pointed out that it takes nearly three years to resolve a commercial dispute, compared to a year in Germany and France due to Italy's highly bureaucratic judicial system,. Chart Source: The Telegraph, 21 Nov. 2011 Top Tax Evaders British accountant Richard Murphy estimates global tax evasion at 5% of the global economy. He found the following ten countries to have the largest absolute levels of evasion. Subscribe to: Posts (Atom)
1.1 2.1 3.1 3.2 5.1 6.1 7.1 8.1 9.1 10.1 11.1 12.1 13.1 14.1 15.1 16.1 16.2 16.3
Luis von Ahn: Luis von Ahn: Masivna umrežena suradnja Nakon što je prenamijenio Captchu na način da svaki odgovor koji utipka čovjek pomogne digitalizirati knjige, Luis von Ahn se pitao kako još upotrijebiti male doprinose mnogih na Internetu za veće dobro. Na TEDxCMU-u govori kako će njegov ambiciozni novi projekt, Duolingo, pomoći milijunima da nauče novi jezik dok prevode Mrežu brzo i točno — i to besplatno. Similar topics - Internet - Tedx - Collaboration - Computers - Language - Technology - Wikipedia Related talks Take action Discuss Enthusiastically agree? Respectfully beg to differ? Have your say here.