Ethical Investment 2019

With stock markets reaching new highs as well as the price of gold at a 6 months and one year peak, this is a perfect time for investors to rethink their strategies and create a new legacy. This new legacy is both for them as well as for society as a whole. This time it might be for Europe. Socially responsible investment is more easily found in Europe as stated in an article of 17.7.2018 in the Financial Times. #FridaysForFuture activists and your own children will thank you eventually. However, guidance on relevant indicators is both sketchy and scarce especially in the traditional financial press. Good opportunity for inter-generational discussions. In the years to come.

1. Mai

DGB hat passend zu 30 Jahre Mauerfall seine große Kundgebung in Leipzig auf die Straße gebracht. Engagierte Reden und anregende Stände von Mitgliedsgewerkschaften sorgten für ein gelungenes Event. Europa stand im Mittelpunkt. Das Medienecho war jedoch gerade mal durchschnittlich. Sobald gleichzeitig irgendwo eine extremistisches Spektakel veranstaltet wird, erregt das mehr mediale Aufmerksamkeit. So spielen die Medien das Spiel der Extremisten einfach mit.

tulip2019

Speculation bubbles

Learning about bubbles is exciting. As kids we jump in the air to burst bubbles, as adults we are delighted to taste sparkling wine. It is easy to know that a bubble has burst (ex post).  Many examples can be quoted in economic and social history on this. When bubbles burst hitting many persons this becomes an issue of political economy. Are we just behaving like “apes” with basic “animal instincts” as suggested by “Jan Bruegel d.J.”? Tulip mania is a part of European history and Bitcoin mania the most recent example of a bubble-like development of a specific market. How about creating your own currency. Here is how to do it. How to get drawn into a bubble can be physically experienced at Floralia-Brussels until 5.5.2019. You won’t look at tulips the same way afterwards.

more images here

Continue reading “Speculation bubbles”

Industrial Policy

Industrial Pioneers Summit: At the Hannover Messe on 2nd April 2019 Professor Detlef Zühlke, Executive Chairman, smartfactory-KL e.V. – Industrie 4.0 & Smart Factory talked about his baby: Industry 4.0, a word like a “cloud in the sky”. According to him the 4th industrial revolution with the smart factory, just like the smart home developments, is the current stage of development of industry. After the previous phase of the 3rd industrial revolution “automization”, which we also know from the home with our washing and coffee machines, we govern our factories and homes more and more from smart connected devices.

With artificial intelligence around the corner, the usual cooperation of users and machines or robots as standard, we need to make careful choices for the “User Interface Design” to develop it into a “User Experience Design”. Well put. The user wants green industries and products. Hence get your CO² footprint right as well. 

Lots of sociology at the fair. Instead of individualization from the 80s and 90s the pioneers of industry now talk about “the segment of one” in production. It just means a specific product for each customer to make the person believe s/he is really individually served.

The nexus of global and local (glocal) politics and consumerism is adapted to production. Glocalization (definition here) in industrial strategy has a different meaning: bring your production very near the consumer or directly to customers, this also beats the mass production advantage of low wage cost countries. With big data from local customers you can tailor-make the product at the edge of your market (sneakers for example). Hannover Messe always worth a visit for sociologist, too. Greening of production not yet really a mainstream trend, but several “Leuchttürme” at places.

Sprachpolitik

Auf der internationalen Industriemesse in Hannover #HM19 wurde auf dem Pioneer Summit am 2.4.2019 wieder überraschend viel Deutsch gesprochen. Dem EU-Kommissar Öttinger auf Deutsch zuzuhören ist erfreulicher als auf Englisch. Der Vortrag von Klaus Helmrich, immerhin Mitglied des Vorstands der Siemens AG auf Deutsch zu folgen, ebenfalls bereichernd.  Der unglückliche englischsprachige Titel “Thinking industry further!” kann man sich mit Industrie weiterdenken zurecht reimen. Genauer war dann der Untertitel: “Die nächste Stufe des Digital Enterprise”. Von “Made in Germany” sind wir längst zu “engineered in Germany” übergegangen. Aber das war Industrie 3.0. Bei der Industrie 4.x spielen vernetzte Standorte der Produktion, Entwicklung und Kunden eine zentrale Rolle. Sprachpolitik kann hierbei zu einem kleinen und bescheidenem Sicherheitsvorteil werden. Übersetzungsfehler von Längenmaßen (inch in centimeter) oder anderen Details verursachen kostspielige “Engineering Disaster” wohl auch bei AIRBUS industries aufgetreten.

Einigen Diplomaten und Journalisten zufolge wird selbst in der EU Kommission seit dem Brexit-Votum bereits mehr in anderen Muttersprachen geplaudert,  zumindest in den Kaffeepausen. Willkommen in der alten, Neuen Vielfalt. Sprachen und Kulturen Verstehen lernen lohnt sich wieder.

Bild von Victor Vasarely copyright http://www.fondationvasarely.org/ mehr Informationen zur Person  https://de.wikipedia.org/wiki/Victor_Vasarely
Ausstellung noch bis 6.5.2019 im  Centre Pompidou 

 

737 Max 8 and Science

The 346 persons who died in crashes of the fairly new airplanes of Boeing 737 Max have nothing to gain from the ex-post evaluation of the crash. The journal “Scientific American” published an interview with a former Boeing employee who puts a relationship of the two crashes into doubt. The article in the online version of the 13th of March by Mrs. Gohd is full of stereotypes rather than scientific information. This puts science or science journalism into a bad light. Please read for yourself (Link here).
Let’s wait for the black box to be read! and then judge, but not wait for further casualties please. The “precautionary principle“, to protect persons from harm for example by introducing not suffienctly testes new technology, makes a lot of sense in the aviation industry. That’s why the EU might be slower in the adoption of some innovations, but is more likely to avoid fatal accidents as a consequence of hasty innovation.

Rodin’s famous sculpture sums up the need and grief to think twice before you act. Mourning of the dead due to neglect of sufficient thought prior to action included. At least, this is  my modern interpretation of this piece of art with respect to responsibility and the precautionary principle.
(Foto taken in Stockholm, Prince Eugen’s Waldemarsudde  art museum).

Nobel prize museum

The visit to the splendid Nobel museum in Stockholm is of course a highlight for all scientists. Even if the social sciences including economics do not get awarded an official Nobel prize. More impressions of Stockholm here.

The Nobel prize for peace was awarded to Martin Luther King, but one of the persons he most admired Mahatma Gandhi never received the prize, or not in time before being shot.

… and some like songwriter Bob Dylan (not Dylan Thomas) received the Nobel prize 2016 for literature, most likely to give the Nobel prize a more popular image. Without intonation the poems sound rather flat and do not stand up easily against other previous awardees like Patrick Modiano 2014 or Herta Müller 2009.

Useful sources for further investigations are:
https://www.nobelprize.org/prizes/lists/all-nobel-prizes-in-literature/  or
https://en.wikipedia.org/wiki/List_of_Nobel_laureates_in_Literature  , which also contains some enlightening overview statistics (male/female; languages) of laureates.

Scandinavia

Splendid Public Libraries to replace Cathedrals

Renovated public libraries are modern showcases of architecture and access to knowledge. Recently the best places add the platform function of people meeting people there not only taking out and bringing back books. The Stockholm city library is an impressive example of all functions.
The library figures also in the list of the 25 best public libraries in the world shown by flavorwire:  http://flavorwire.com/280318/the-25-most-beautiful-public-libraries-in-the-world  You can actually walk up the stairs and access books directly. In the annex building is the international collection with its multilingual treasure as well as the press and journal sections. Impressive is the wide spread audience rather than intellectuals only.
The place is a top place for adult education and lifelong and lifewide learning.

Health and Care

Some surveys in the social sciences remain a reference due to their interesting scope of questions included. The Canadian National Survey of the Work and Health of Nurses is such a survey since they “dared” to ask a representative sample of 18.000 nurses, health care workers and care assistants questions including medication errors, fall injuries, and complaints of older adults in Canada. The study by Zafar Mehdi, Ramzi Nasser, Hildegard Theobald and myself reveals the importance of further training and sufficient staffing to prevent medication errors, fall injuries and other complaints of patients. DOI: 10.5539/gjhs.v11n3p111

Besides the interesting results of this study based on a little used data set, the study should encourage and reward transparency of medical practices and analyses (relevant in #Covid-19). Hopefully many other studies, ideally with longitudinal designs, will build on this interesting kind of data collection. Evidence-based human resource policies should not stop in front of hospitals and care institutions. Unfortunately, such sensitive data are still rarely collected, although conclusions are helpful for nurses, patients and society as a whole.

The Link to the paper in the Global Journal of Health Sciences and the download is free of charge here.  For science policy it is interesting to notice that the paper was part of a self-financed Ph.D. of Zafar Mehdi, accepted at the University of Vechta recently.

Anti-Mémoires Van Rompuy

When a conservative fellow writes his autobiography without depending on written notes or other documents as support, this exercise can be risky. Herman van Rompuy now also wants to turn anti-establishment? Following André Malraux he choses as title “Anti-mémoires”. Contrary to the image I have taken on 14.2.2019 on the book fair in Brussels, in the book Van Rompuy is opening up a bit, but just a bit.

The editorial support by Astrid Simonis seemingly was important in the easy read of these “end of life thoughts” of a heavily involved political figure in Belgium and Europe. If you count the pages without the 20 subtitle pages and transcripts of 2 speeches, it is less than 100 pages short. Full of well-known statements, but it is more the particular choice of those that makes the political man. Most surprising was the statement on page 118 “The principle quality in politics is trust”. On the same page he writes and cites Harry Truman “If you want a friend in politics, get a dog!” Now the puzzle is that the peace-building function of the European Union is building trust among nations. It seems to have failed in his experience in Belgium and apparently also in Europe according to him.

In the talk at the Book Fair in Brussels he agreed with the moderator that they did not want to sound too pessimistic this time. Many challenges ahead for Europe. Time for the next generation to get ready and find new solutions to old problems. However, attendance at the talk was spectacularly low.

My conclusion: Learning from experience is probably underrated in Europe.

Autorenlesung

In Verbindung mit den vorab bekannten Ergebnissen des 3. Deutschen Weiterbildungsatlas hat sich der Weiterbildungsausschuss des Saarländischen Bildungsministeriums einen der Autoren der neuesten Version nach Saarbrücken eingeladen. So habe ich mich auf die Reise gemacht und einige der Auswertungen und zentralen Ergebnisse dort vorgestellt. Es ergaben sich rege Diskussionen zur Datenbasis der amtlichen Statistik. Die vorgestellten und besonders angefertigten Auswertungen für das Saarland auf Kreisebene zeigen die Unterschiede im Angebot an Weiterbildung von Betrieben im Norden und Süden des Saarlandes.
AKK wird also bereits vertraut sein mit unterschiedlichen wirtschaftlichen und sozialen Entwicklungen in Landesteilen. Überraschend für ein Bundesland mit einer Bevölkerungszahl von ca 1 Million.
Vorab nur mal ein Blick auf einen Indikator. .

Weiterbildung in Kreisen

In Zusammenarbeit mit der Bertelsmann Stiftung hat das DIE die Datengrundlage für den 3. Deutschen Weiterbildungsatlas gelegt. Darauf aufbauend habe ich in den letzten Monaten eine neue ausführlichere Analyse der Daten auf Kreis- und Länderebene durchgeführt. Gleichzeitig wurden Karten erstellt, die eindrücklich die Unterschiede zwischen Bundesländern und Kreisen in den jeweiligen Bundesländern verdeutlichen.
Das Manuskript liegt bereist bei den Koautoren und wird in wenigen Wochen erscheinen. Die Schlussfolgerungen aus der ersten Version (siehe unten) werden einer erneuten empirischen Prüfung unterzogen. Einkleiner Vorgeschmack lässt sich in dem Bild erkennen. Aber die Webseite zum Weiterbildungsatlas hat ja schon viel mehr an Daten und Auswertungen im Angebot. Hier geht’s lang.

Martin, A., Schömann, K., Schrader, J. & Kuper, H. (2015). Ausgewählte Ergebnisse: Die Wiederentdeckung der Bedeutung der Region. In A. Martin, K. Schömann, J. Schrader & H. Kuper (Hrsg.), Deutscher Weiterbildungsatlas (S. 26-130). Bielefeld: W. Bertelsmann.