Global Economics

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Re: Global Economics

Postby wildlx » 05 Oct 2015, 20:14

We had elections yesterday. The right wing parties, which ran as a coalition, were still the most voted but they lost the majority in parliament (overall they lost about 700 000 votes). The left has a majority in parliament, with the socialists having a disappointing performance and the Left block doubling their vote. The right wing coalition main party leader will be invited to form government but all other parties have said that they will not be in that coalition, so we will have a minority cabinet. A left cabinet is impossible as the communists hate the socialists and the left block is not that far. The final results were:
PSD/CDS (38,6%)
Socialist party (32,4%),
Left Block (10,2%)
Communists - CDU (8,3%).
Abstention 43,07%

I suspect we will have new parliamentary elections next year... In the meanwhile it is not possible since we are having presidential elections in 3 months.
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Re: Global Economics

Postby Baker » 06 Oct 2015, 08:10

So, your presidential elections are separate? What powers does the president have?

Crikey, that's a huge abstention block.
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Re: Global Economics

Postby wildlx » 07 Oct 2015, 19:58

Yes. We have a semi-presidential system. The president can dismiss the cabinet if he considers that normal democratic function is not occurring - this has happened before. He can also dissolve parliament and force new elections. Our current president is a shameful character. He was a previous leader of the main right wing party and we have never had any president so biased towards his party. Just yesterday he made a declaration showing, once again, that he is not doing his constitutional duties...
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Re: Global Economics

Postby Proofrdr » 08 Oct 2015, 01:19

Does your constitution provide some method of removing the president? We have the impeachment process for "treason, bribery, or other high crimes and misdemeanors," but while 2 presidents have been impeached by the House, neither has been convicted by the Senate.
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Re: Global Economics

Postby wildlx » 08 Oct 2015, 06:59

Yes. Article 130

Article 130
Criminal liability
1. For offenses committed in the performance of their duties, the President is accountable to the Supreme Court .
2. The initiative lies with the Parliament, upon the proposal of one-fifth , and deliberation approved by two-thirds majority of Representatives in office .
3. Conviction results in forfeiture of office and disqualification from re-election.
4. For offenses not committed in the exercise of his functions the President responds after the end of the mandate before the ordinary courts.
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Re: Global Economics

Postby Baker » 14 Oct 2015, 07:21

This falls into the basket of "What a Fucking Surprise".

Twenty years ago, a group of researchers began tracking the personalities of 1420 low income children in North Carolina. At the time, the goal was simple: to observe the mental conditions of kids living in rural America.

But then a serendipitous thing happened.

Four years into The Great Smoky Mountains Study of Youth, the families of roughly a quarter of the children saw a dramatic and unexpected increase in annual income. They were members of the Eastern Band of Cherokee Indians, and a casino has just been built on the reservation.

From that point on every tribal citizen earned a share of the profits, meaning about an extra US$4000 ($6000) a year per capita.

For these families, the extra padding was a blessing, enough to boost household incomes by almost 20 per cent on average. But for the fields of psychology, sociology and economics, it has been a gold mine, too.

source

You will be shocked to learn that families getting a bit more income produces lots of positive effects:

Not only did the extra income appear to lower the instance of behavioural and emotional disorders among the children, but, perhaps even more important, it also boosted two key personality traits that tend to go hand in hand with long-term positive life outcomes
.

And yet, we get right wingers the world over insisting that the only way to make a positive impact on the less well-off is to give them less to encourage them to better themselves. Hmm. How to reconcile ideology with fact? :scratch:
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Re: Global Economics

Postby wildlx » 19 Oct 2015, 08:31

:no: No surprise from me also.
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Re: Global Economics

Postby Proofrdr » 19 Oct 2015, 23:55

True believers do not put any faith in fact.
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Re: Global Economics

Postby wildlx » 20 Oct 2015, 08:35

Yanis Varoufakis - "Democratising the Eurozone" lecture at the University of Coimbra, Portugal, 17/10/2015 starting at 41:00. Great talk with about 1 h of questions at the end.

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Re: Global Economics

Postby Baker » 21 Oct 2015, 06:37

Will watch. :-)
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