The Curious Silence of the British Media Regarding Mark Carney and the Secretive G30

19 January 2018 | The EU-Ombudsman has just called it maladministration on the part of the ECB to let Mario Draghi be a member of that secretive bankers’ club. This should invite the question: What about Mark Carney and the Bank of England? The British press, apparently, couldn’t care less. The governor of the Bank of England, Mark Carney has at least two things in common with Mario Draghi, the president of the European Central Bank (ECB): He worked for Goldman Sachs before becoming a central banker, and he is a member of the Group of Thirty.

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How Uber money dominates and distorts economic research on ride-hailing platforms

Ride-hailing platform operator Uber is often accused of undermining labour market regulations and of overpricing at times of peak demand by “surge pricing”. Uber defends itself against such accusations not only by using high-profile lobbyists, but also with the help of top-notch economists, who cooperate in exchange for exclusive data and lucrative consultancy assignments. Even reputable journals publish such sponsored analysis as if it were scholarly research.

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How does Germany’s Monopolies Commission combat market concentration? By making sure that no good data is available

How many companies have merged into corporate groups in Germany? We don’t know. The official figures are completely unconvincing. We have a Monopolies Commission which, together with the German Federal Statistical Office, has the legal mandate to monitor market concentration. Germany’s parliament wanted to ensure that the necessary information about the possible emergence of problematic market power is available, only to discover this no longer fits in with the neoliberal ideology inspired by the Chicago School, which has apparently become the ruling ideology at Germany’s Monopolies Commission.

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The ECB resorts to omissions, half-truths and misrepresentations to defend Draghi’s G30-membership

19 November 2017 | The ECB has answered questions posed by the European Ombudsman to president Mario Draghi regarding his membership and his participation in closed-door meetings of the Group of Thirty (G30), a Group in which the world’s most central bankers and commercial bankers comingle. The 17-page reply manages to evade several questions, is quite selective in the information given and even contains some false statements.

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Warmly Recommended: Website “Brave New Europe”

Mathew D. Rose – Investigative Journalist specialised in Organised Political Crime, Ruediger Rossig – Investigative Journalist, Balkan Expert, Nick Shaxson – Investigative Journalist and Author of “Treasure Islands” and David Shirreff – Former finance and business journalist at The Economist and Author of “Break up the Banks!”, Playwright are the editors of the new progressive weblog Brave New Europe, featuring texts from dozends of well-know authors.

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The dangers of TiSA, even of a failed TiSA

Legal scholar Jane Kelsey from New Zealand has assembled an extremely well-informed report about the negotiations for the Trade in Services Agreement (TiSA). You learn about the main corporate sponsors of these negotiations, organized in  “Team TiSA”, which have privileged access to official negotiators. Kelsey also exposes, how the TiSA sponsors took many of their extreme proposals for the prevention of regulation of finance and data abuse from rejected earlier attempts at agreements and how they continue to plug them into any trade agreement that comes along. This report is thus required reading for anybody who deals with trade agreements or data privacy issues.

Pressure is mounting on Draghi and the G30

Emily O‘Reilly is the EU Ombudsman, an arbiter for the public’s complaints about EU-institutions. She has earned a reputation for being tough. She wants written answers from Mario Draghi, head of the European Central Bank, the EU’s monetary and banking surveillance institution. He has to explain how he makes sure that he does not divulge insider information or runs into conflicts of interest as a participant of secret talks with bankers in the so-called Group of Thirty (G30). O’Reilly’s questions, published on her website, make it plain that she will not easily be convinced.

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