The paper provides a new approach to determining the financial standing of Ukrainian banks in the long and short terms. Using the European assessing indices and the national ones, a new ranking system is created. The authors ranked 20 biggest Ukrainian banks by assets and grouped them into corresponding financial groups.

It examines the context of the referendum in Greece in the summer of 2015 in view of theories of sovereignty and theories of judgment.

The Rohingyas, the longest-standing stateless refugees in Malaysia, are continuously denied access to formal education. The UN Refugee Agency and local non-government organizations run learning centers that offer non-formal education to Rohingya children. Existing literature highlights that, in the absence of formal openings, alternative educational programmes remain the main provider of refugee education in Malaysia. This study, using the Inter-Agency Network for Education in Emergencies' five-domain framework, examines the educational standards provided to Rohingya refugees in Malaysia. The findings suggest (...) that most learning centers lack financial, human, and infrastructural resources. Lack of opportunity for secondary schooling makes primary education less worth it. Moreover, prevailing cultural and religious norms make it challenging for Rohingya children (especially girls) to access educational opportunities outside the community. National examinations and academic accreditation for learning are inaccessible to refugees, including Rohingyas. This paper deliberates on some immediate and long-term measures that can potentially address these issues. However, all actors, including UNHCR and the Malaysian government, must collaborate towards formulating a sustainable solution to this critical problem. (shrink)

The world never stands still. There is always a Brownian movement of economic subjects and objects on the face of it. But, if we have been visualizing this movement over a relatively long period of time, then we can distinguish the acceleration and increase in the volume of movements along individual commodity routes, the growth and formation of new subjects of international economic relations. From time to time, "accelerators" of this movement appear, either in the form of new types of (...) energy to service production, or technologies to simplify the exchange and distribution of benefits. The market, controlled by the "invisible hand", is gradually taking over the whole world, and some new goods appear to meet the needs. We use technologies and devices described in unreal fantasy plots of classical literature already today in real life. The speed of change is exciting on the one hand and is frightening on the other hand. In the modern world, it would seem, everything is mobile. The quality and cost of transportation has no longer been a physical obstacle to any exchange and travel. The forms of modern financial transactions for service international economic relations, their speed and coverage are impressive. Enterprises, in terms of capitalization, exceed the national incomes of states and do not have spatial territorial boundaries, being the main players in international economic relations along with states, their associations and international organizations. Digitalization is no longer a challenge for society, but our present. It seems sometimes that the world allegedly wants to slow down the further development of mankind and creates obstacles in the form of wars, epidemics and crises. Such obstacles become challenges for the development of economic entities of all levels. Change always creates unexpected opportunities for someone and insurmountable restrictions for other one. Change always leads to a redistribution of forces. Changes are needed to overthink the nature and direction of movement. Changes are the certain reorganization of the world economic system. The world is always on the verge of changes. What will they be this time? (shrink)

As the world grapples with the urgent need for sustainable development, the transition towards green energy stands as a critical imperative. Financing this transition poses significant challenges, requiring innovative approaches that align financial objectives with environmental sustainability goals. This review presents a conceptual framework for leveraging data-driven techniques in sustainable finance to facilitate the transition towards green energy. The proposed framework integrates principles of sustainable finance with advanced data analytics to enhance decision-making processes across the financial ecosystem. At (...) its core, the framework emphasizes the importance of harnessing vast datasets related to energy production, consumption, environmental impact, and financial performance. By leveraging machine learning algorithms and predictive modeling techniques, financial stakeholders can gain deeper insights into the risks and opportunities associated with green energy investments. Key components of the framework include data collection and aggregation, risk assessment, impact measurement, and investment optimization. Data sources range from traditional financial indicators to environmental metrics, social impact assessments, and geopolitical factors. Through comprehensive data analysis, financial institutions can assess the long-term viability and sustainability of green energy projects, while also evaluating potential social and environmental impacts. Risk assessment methodologies within the framework consider both financial risks, such as market volatility and regulatory uncertainty, and non-financial risks, such as climate change impacts and community resilience. By integrating these factors into risk models, investors can make more informed decisions that mitigate potential losses and maximize returns. Furthermore, impact measurement tools enable stakeholders to quantify the environmental and social benefits of green energy investments. By tracking metrics such as carbon emissions reduction, energy efficiency improvements, and job creation, investors can assess the contribution of their portfolios towards broader sustainability objectives. Finally, the framework incorporates investment optimization strategies that align financial goals with environmental objectives. Through portfolio diversification, asset allocation, and innovative financial instruments such as green bonds and impact investing funds, financial institutions can allocate capital more efficiently towards green energy projects. The conceptual framework presented herein offers a systematic approach to integrating data-driven methodologies into sustainable finance practices. By leveraging advanced analytics and comprehensive datasets, financial stakeholders can drive the transition towards green energy while simultaneously achieving financial returns and positive environmental outcomes. (shrink)

This abstract summarizes, in essence, what generative AI means to the insurance industry. The kind of promise generated AI offers to insurance is huge: in risk assessment, customer experience, and operational efficiency. Natural disaster impact, financial market volatility, and cyber threat are augmented with techniques of real time scenario generation and modeling as well as predictive simulation based on synthetic data. One of the challenges that stand in the way of deploying these AI methods, however, is data privacy, model (...) reliability and interpretability. The insurance industry must address these issues if it is to comply with regulations like GDPR and CCPA or mitigate reputational risks, as anybody can make complaints about any company based on any perceived data breach. Indeed, generative AI models, often convoluted and biased, can propagate unfair outcomes, especially in pricing and policy access. Navigating these challenges requires a whole new frayed society of AI specialists in collaboration with the industry’s insurers to offer bespoke solutions that address the firm’s needs. Based on this work, future developments will center on designing and implementing ethical and regulatory frameworks around AI-driven decisions that are transparent, fair and sustainable. Generative AI has historically been the most feared phenomenon in the history of western civilization, but with predictive analytics and risk simulation capabilities taking shape, generative AI is set to disrupt the insurance industry and add real-time decision support, automating claims processing and personalized interaction. To successfully integrate generative AI, technical, ethical and regulatory challenges will need to be addressed, and a trust-driven ecosystem will emerge to serve evolving customer needs. (shrink)

This study aims to ascertain why parents in rural and semi-rural areas of Bamyan province in Afghanistan choose and prefer to send their children to fee-charging private schools while free public schools are accessible. In addition, this study also aims to understand what the primary source of information is when parents choose a school. The focus in answering these questions will be on the parents' perceptions that inform their decision when they choose a school. Therefore, this study investigates parents' perceived (...) indicators regarding their children's schooling costs, facilities, proximity, teacher commitment to school and students rather than the actual measurements (for example, parents' assessment of teacher's competence level and official test results). This research utilized a combination of quantitative and qualitative approaches. The quantitative data was derived from 270 detailed questionnaires, and the qualitative data was collected through 10 structured focus group discussions. The results highlight key factors that significantly influence parents' choices, including teaching quality, school management, proximity, and financial considerations. Considerable disparities emerge between private and public schools, particularly in perceived teaching quality, teacher qualifications, student learning support, and discipline. Moreover, the study reveals challenges related to the accessibility of private schools and concerns regarding corruption within public school administration. These findings offer valuable insights for policymakers and education stakeholders, informing them the development of targeted interventions and strategies to address these challenges and empowering parents to make well-informed decisions regarding their children's education. In a country like Afghanistan, where education is largely controlled and directed by a central system, the voices of parents in the educational process are often overlooked. This research aims to fill this notable gap. By delving into what parents think and feel about their children's education, we're uncovering valuable insights that have been largely absent in past discussions. This is not just about numbers and policies; it is about understanding the human element in education, which is all too vital in a place where centralized decisions dominate the landscape. This paper, therefore, stands out as it brings to the forefront the often-unheard voices of parents, making a significant contribution to the field. (shrink)

The Importance of Urban Planning and Strict Laws on Informal Settlements -/- Introduction -/- Urbanization is a global phenomenon, bringing both opportunities and challenges. Rapid population growth, especially in developing nations, has led to the rise of informal settlements or “squatter areas.” These settlements often lack proper infrastructure, sanitation, and legal recognition, creating social, economic, and environmental issues. Effective urban planning, combined with strict enforcement of land-use laws and inclusive housing policies, is essential to ensuring sustainable and livable cities. This (...) essay explores the importance of urban planning and strict laws against illegal settlements, using successful case studies from Singapore, Brazil, South Korea, the Philippines, and Ethiopia. -/- The Role of Urban Planning in Sustainable Cities -/- Urban planning is the process of designing and regulating the use of land to ensure the orderly development of cities. Proper urban planning provides essential services such as housing, transportation, sanitation, and green spaces, preventing the formation of illegal settlements. -/- Key Aspects of Effective Urban Planning -/- 1. Zoning Regulations – Defining areas for residential, commercial, and industrial use helps prevent uncontrolled development. -/- 2. Infrastructure Development – Roads, drainage, sewage systems, and utilities must be planned in advance to accommodate future growth. -/- 3. Disaster Risk Management – Cities must prevent settlements in flood-prone or hazardous areas to minimize risks to human life. -/- 4. Affordable Housing Programs – Governments should provide legal, affordable alternatives to illegal settlements. -/- Without proper urban planning, cities face overcrowding, pollution, poor sanitation, and increased crime rates. Case studies from different countries demonstrate the effectiveness of strong urban policies in addressing informal settlements. -/- Case Studies: Successful Urban Planning and Settlement Control -/- 1. Singapore: A Model for Integrated Public Housing -/- Singapore transformed from a city with severe housing shortages in the 1960s into one of the most well-planned urban environments in the world. The government’s Housing and Development Board (HDB) played a crucial role in developing affordable, high-quality public housing with integrated amenities such as schools, parks, and public transportation. -/- Key Strategies: ✔ Strict zoning laws prevented unregulated settlements. ✔ Homeownership was promoted through subsidized housing loans. ✔ Government-planned townships provided complete services. -/- Results: ✔ Over 80% of Singaporeans now live in well-planned public housing. ✔ Illegal settlements have been completely eliminated. -/- Singapore’s success demonstrates how strict land-use policies combined with affordable housing programs can prevent informal settlements. -/- 2. Brazil: Upgrading Informal Settlements Instead of Evictions -/- Rio de Janeiro faced a severe problem with favelas—informal settlements that grew due to rapid urban migration. Instead of mass evictions, the government launched the Favela-Bairro program (1994-2008), improving living conditions rather than displacing people. -/- Key Strategies: ✔ Infrastructure improvements (roads, sanitation, electricity). ✔ Community engagement ensured residents’ needs were met. ✔ Legal property rights were granted to residents. -/- Results: ✔ Over 250,000 residents benefited from improved housing conditions. ✔ Crime and poverty rates declined as favelas were integrated into the formal city. -/- Brazil’s approach shows that slum upgrading can be a viable alternative to forced eviction, improving both human welfare and urban order. -/- 3. South Korea: Urban Renewal in Seoul (Cheonggyecheon Project) -/- Seoul’s Cheonggyecheon River was once covered by illegal settlements and highways. The government removed the informal settlements, revitalizing the area into a public green space. -/- Key Strategies: ✔ Slum clearance and restoration of natural spaces. ✔ Improved public transport (bus rapid transit) reduced congestion. ✔ Business relocation incentives prevented economic disruption. -/- Results: ✔ 35% reduction in air pollution, making Seoul more livable. ✔ Increased property values and economic growth. -/- This case highlights how urban renewal projects can enhance sustainability, public health, and economic opportunities while addressing informal settlements. -/- 4. The Philippines: Housing and Resettlement Programs -/- Metro Manila faces a long-standing issue of informal settlers occupying flood-prone and government-owned areas. The Philippine government introduced various strategies, including in-city relocation, socialized housing, and land clearing operations. -/- Key Strategies: ✔ Balik Probinsya, Bagong Pag-asa (BP2) Program: Encouraged migration from overcrowded cities with financial aid. ✔ Vertical housing solutions: High-rise social housing projects maximized limited land. ✔ Land clearing operations: Removed settlements from hazardous areas. -/- Results: ✔ Some success in decongesting Metro Manila, but rapid urban migration remains a challenge. ✔ Affordable housing remains a priority for sustainable urban development. -/- The Philippines’ experience shows that a combination of enforcement and social programs is necessary to manage informal settlements effectively. -/- 5. Ethiopia: Large-Scale Public Housing (Addis Ababa’s Condominium Program) -/- Ethiopia faced a housing crisis, with 70% of Addis Ababa’s population living in informal settlements. The government launched a large-scale condominium housing program to address the issue. -/- Key Strategies: ✔ Government-built high-rise condominiums replaced slums. ✔ Low-interest loans made homeownership possible for low-income families. ✔ Priority was given to families displaced by urban renewal projects. -/- Results: ✔ Significant reduction in slums as many moved into formal housing. ✔ Homeownership increased, improving living conditions. -/- Ethiopia’s approach highlights how government-led mass housing projects can transform urban development. -/- Lessons from Successful Urban Planning -/- 1. Strict Land-Use Laws Prevent Slums from Forming ✔ Clearly defining residential, commercial, and public spaces prevents illegal occupation. -/- 2. Affordable Housing is Essential ✔ Governments must provide low-cost housing as a legal alternative to informal settlements. -/- 3. Upgrading Slums Can Be More Effective Than Evictions ✔ Programs like Favela-Bairro (Brazil) and Ethiopia’s condominium projects show that improving existing settlements works better than forced displacement. -/- 4. Technology Can Help Monitor and Prevent Illegal Settlements ✔ GIS mapping and AI tracking can detect unauthorized land occupation. ✔ E-governance systems can simplify property registration and land-use approvals. -/- 5. Community Engagement is Critical ✔ Urban planning must involve local residents to ensure sustainability and social acceptance. -/- 6. Economic and Livelihood Programs Reduce Informal Settlements ✔ Job creation, microfinance, and small business support help low-income families transition into formal housing. -/- Conclusion -/- Urban planning and strict laws against informal settlements are crucial for creating sustainable, safe, and prosperous cities. Case studies from Singapore, Brazil, South Korea, the Philippines, and Ethiopia demonstrate that a balanced approach—combining strict enforcement, affordable housing, and community-driven solutions—leads to long-term success. Governments worldwide must prioritize sustainable housing, infrastructure development, and urban regulations to ensure that growing populations are accommodated in a way that promotes both human dignity and urban order. -/- By learning from successful models and implementing proactive urban policies, cities can prevent slums, improve living conditions, and build a more sustainable future for all. -/- . (shrink)

Why Very Few Filipinos Are Interested in a Political Career and the Debate on Political Dynasties -/- Politics in the Philippines is a critical force in shaping the nation’s future. However, few Filipinos actively pursue a political career due to political dynasties, corruption, financial barriers, security risks, and public distrust in government. Additionally, many Filipinos engage in passive criticism—they are quick to complain about bad governance but reluctant to participate in political change. -/- While political dynasties are often blamed (...) for limiting opportunities, some argue they bring stability and governance experience that newcomers lack. Given these challenges, meaningful reforms are necessary to make politics more inclusive, transparent, and accessible to competent and ethical leaders. -/- Reasons Why Few Filipinos Enter Politics -/- 1. Political Dynasties Limit Opportunities for New Leaders -/- Political families monopolize power, making it hard for new candidates to enter the political arena. With dynasties controlling campaign funding, voter influence, and government positions, independent candidates face unfair competition. -/- 2. Filipinos Are Trapped in a “Criticism Mentality” but Avoid Action -/- Many Filipinos frequently criticize politicians on social media but do not: -/- Vote wisely -/- Participate in governance initiatives -/- Consider running for office -/- This passive yet highly critical audience mentality discourages new leaders from emerging, leaving traditional political families unchallenged. -/- 3. Corruption and Patronage Politics Discourage Honest Candidates -/- Many competent individuals avoid politics because they fear they will be forced to engage in corrupt practices or become powerless against established political elites. -/- 4. High Cost of Running for Office -/- Elections in the Philippines require millions of pesos in campaign funds. Political dynasties have vast financial resources, while new candidates struggle to afford advertisements, rallies, and logistics. -/- 5. Work-Life Balance and Security Risks -/- Political careers demand long hours, constant public scrutiny, and expose candidates to political violence and assassination risks. This discourages potential leaders from entering politics. -/- 6. Lack of Trust in Government -/- Many Filipinos believe the system is rigged and that no real change can happen. This disillusionment prevents capable individuals from seeking public office. -/- 7. Bureaucracy and Slow Reforms -/- Even well-intentioned politicians struggle with red tape, partisan gridlock, and resistance from political elites. This slow pace of change discourages new leaders. -/- 8. Fear of Failure and Political Rivalries -/- Losing an election can be financially and socially devastating. Additionally, political rivalries often result in: -/- Character assassinations -/- Legal harassment -/- Physical threats or violence -/- This hostile environment discourages many Filipinos from pursuing politics. -/- The Debate on Political Dynasties: Should They Stay or Go? -/- Why Political Dynasties Should Stay -/- Some argue that political dynasties provide stability and experience, especially because: -/- 1. Governance Knowledge – Long-standing political families understand government operations better than inexperienced newcomers. -/- 2. Continuity in Leadership – Dynasties ensure long-term projects and reforms are completed rather than abandoned after elections. -/- 3. Strong Political Networks – Established families have the connections to efficiently implement policies. -/- 4. Newcomers Are a Risk – Some first-time politicians struggle with decision-making, leading to ineffective governance. -/- Why Political Dynasties Should Be Limited -/- Critics argue that dynasties create an unfair monopoly and prevent new leadership from emerging. -/- 1. Lack of Political Competition – Dynasties dominate elections, leaving little room for independent candidates. -/- 2. Corruption and Self-Interest – Many dynastic politicians prioritize family wealth and power over public service. -/- 3. Poor Performance Goes Unpunished – Many voters elect familiar names instead of choosing the most qualified leaders. -/- 4. Public Disillusionment – When the same families hold power for decades, people feel elections are meaningless. -/- Possible Reforms to Make Politics More Inclusive -/- To encourage competent and ethical leaders to enter politics, the following reforms can be implemented: -/- 1. Implement a Balanced Anti-Dynasty Law -/- Instead of banning dynasties outright, a reasonable anti-dynasty law can be implemented to: -/- Limit how many family members can hold office at the same time. -/- Prevent immediate re-election of relatives in the same position. -/- Ensure fair election funding to give independent candidates a fighting chance. -/- This would help promote merit-based governance while maintaining stability. -/- 2. Publicly Funded Campaigns for Independent Candidates -/- To level the playing field, the government should: -/- Subsidize campaign expenses for qualified independent candidates. -/- Limit private donations to reduce dynastic control over elections. -/- Enforce transparency in campaign financing to prevent corruption. -/- 3. Establish Political Education and Leadership Training -/- Many Filipinos lack political awareness. Schools and universities should: -/- Include political education in the curriculum. -/- Offer leadership training for aspiring politicians. -/- Provide internship programs in government offices. -/- This will help develop a new generation of well-educated and competent leaders. -/- 4. Strengthen Anti-Corruption Laws and Government Transparency -/- To restore public trust, reforms should: -/- Enforce real-time transparency in government spending. -/- Strengthen whistleblower protection to expose corruption. -/- Require full public disclosure of assets for all government officials. -/- 5. Improve Security for Political Candidates -/- To reduce election-related violence, the government should: -/- Provide police protection for independent candidates. -/- Enforce stricter penalties for political violence. -/- Monitor private armies linked to political families. -/- This would create a safer environment for new candidates. -/- 6. Encourage Youth Participation in Governance -/- The government should: -/- Lower the age requirement for some government positions. -/- Establish youth representation in decision-making councils. -/- Offer mentorship programs between experienced leaders and young aspirants. -/- By engaging the youth in governance early, we create future leaders who are prepared for public service. -/- 7. Promote Politics as Public Service, Not Power -/- To shift the perception of politics from a business empire to a duty to serve, the media and educational institutions should: -/- Highlight stories of ethical and effective politicians. -/- Emphasize leadership based on qualifications, not family names. -/- Encourage civic engagement through volunteerism and grassroots participation. -/- 8. Digital Voting and Electoral Reforms -/- To prevent vote-buying and election fraud, the government should: -/- Implement secure digital voting to make elections more accessible and transparent. -/- Strengthen voter education campaigns to promote informed decision-making. -/- Crack down on vote-buying syndicates through stricter penalties. -/- Conclusion -/- Few Filipinos enter politics due to political dynasties, corruption, financial barriers, security risks, and lack of trust in government. Many Filipinos also have a passive criticism mentality, where they complain about politicians but refuse to take action. -/- While some argue that political dynasties bring governance experience and stability, others believe they prevent competition and encourage corruption. The best approach is to introduce balanced reforms that limit dynasty control while allowing experienced politicians to serve effectively. -/- By implementing anti-dynasty laws, campaign finance reforms, political education, and anti-corruption measures, the Philippines can open its political system to fresh, capable, and ethical leaders. -/- If these reforms are enacted, more Filipinos will step up to lead, creating a government that truly represents the people. -/- . (shrink)

The first thing we must keep in mind is that when saying that China says this or China does that, we are not speaking of the Chinese people, but of the Sociopaths who control the CCP -- Chinese Communist Party, i.e., the Seven Senile Sociopathic Serial Killers (SSSSK) of the Standing Committee of the CCP or the 25 members of the Politburo etc.. -/- The CCP’s plans for WW3 and total domination are laid out quite clearly in Chinese govt (...) publications and speeches and this is Xi Jinping’s “China Dream”. It is a dream only for the tiny minority (perhaps a few dozen to a few hundred) who rule China and a nightmare for everyone else (including 1.4 billion Chinese). The 10 billion dollars yearly enables them or their puppets to own or control newspapers, magazines, TV and radio channels and place fake news in most major media everywhere every day. In addition, they have an army (maybe millions of people) who troll all the media placing more propaganda and drowning out legitimate commentary (the 50 cent army). -/- In addition to stripping the 3rd world of resources, a major thrust of the multi-trillion dollar Belt and Road Initiative is building military bases worldwide. They are forcing the free world into a massive high-tech arms race that makes the cold war with the Soviet Union look like a picnic. -/- Though the SSSSK, and the rest of the world’s military, are spending huge sums on advanced hardware, it is highly likely that WW3 (or the smaller engagements leading up to it) will be software dominated. It is not out of the question that the SSSSK, with probably more hackers (coders) working for them then all the rest of the world combined, will win future wars with minimal physical conflict, just by paralyzing their enemies via the net. No satellites, no phones, no communications, no financial transactions, no power grid, no internet, no advanced weapons, no vehicles, trains, ships or planes. -/- There are only two main paths to removing the CCP, freeing 1.4 billion Chinese prisoners, and ending the lunatic march to WW3. The peaceful one is to launch an all-out trade war to devastate the Chinese economy until the military gets fed up and boots out the CCP. -/- An alternative to shutting down China’s economy is a limited war, such as a targeted strike by say 50 thermobaric drones on the 20th Congress of the CCP, when all the top members are in one place, but that won’t take place until 2022 so one could hit the annual plenary meeting. The Chinese would be informed, as the attack happened, that they must lay down their arms and prepare to hold a democratic election or be nuked into the stone age. The other alternative is an all-out nuclear attack. Military confrontation is unavoidable given the CCP’s present course. It will likely happen over the islands in the South China Sea or Taiwan within a few decades, but as they establish military bases worldwide it could happen anywhere (see Crouching Tiger etc.). Future conflicts will have hardkill and softkill aspects with the stated objectives of the CCP to emphasize cyberwar by hacking and paralyzing control systems of all military and industrial communications, equipment, power plants, satellites, internet, banks, and any device or vehicle connected to the net. The SS are slowly fielding a worldwide array of manned and autonomous surface and underwater subs or drones capable of launching conventional or nuclear weapons that may lie dormant awaiting a signal from China or even looking for the signature of US ships or planes. While destroying our satellites, thus eliminating communication between the USA and our forces worldwide, they will use theirs, in conjunction with drones to target and destroy our currently superior naval forces. Of course, all of this is increasingly done automatically by AI. -/- By far the biggest ally of the CCP is the Democratic party of the USA. -/- The choice is to stop the CCP now or watch as they extend the Chinese prison over the whole world. -/- Of course, universal surveillance and digitizing of our lives is inevitable everywhere. Anyone who does not think so is profoundly out of touch. -/- Of course, it is the optimists who expect the Chinese sociopaths to rule the world while the pessimists (who view themselves as realists) expect AI sociopathy (or AS as I call it – i.e., Artificial Stupidity or Artificial Sociopathy) to take over, perhaps by 2030. -/- Those interested in further details on the lunatic path of modern society may consult my other works such as Suicide by Democracy-an Obituary for America and the World 4th Edition 2019 and Suicidal Utopian Delusions in the 21st Century: Philosophy, Human Nature and the Collapse of Civilization 5th ed (2019) . (shrink)

The first thing we must keep in mind is that when saying that China says this or China does that, we are not speaking of the Chinese people, but of the Sociopaths who control the CCP -- Chinese Communist Party, i.e., the Seven Senile Sociopathic Serial Killers (SSSSK) of the Standing Committee of the CCP or the 25 members of the Politburo etc.. -/- The CCP’s plans for WW3 and total domination are laid out quite clearly in Chinese govt (...) publications and speeches and this is Xi Jinping’s “China Dream”. It is a dream only for the tiny minority (perhaps a few dozen to a few hundred) who rule China and a nightmare for everyone else (including 1.4 billion Chinese). The 10 billion dollars yearly enables them or their puppets to own or control newspapers, magazines, TV and radio channels and place fake news in most major media everywhere every day. In addition, they have an army (maybe millions of people) who troll all the media placing more propaganda and drowning out legitimate commentary (the 50 cent army). -/- In addition to stripping the 3rd world of resources, a major thrust of the multi-trillion dollar Belt and Road Initiative is building military bases worldwide. They are forcing the free world into a massive high-tech arms race that makes the cold war with the Soviet Union look like a picnic. -/- Though the SSSSK, and the rest of the world’s military, are spending huge sums on advanced hardware, it is highly likely that WW3 (or the smaller engagements leading up to it) will be software dominated. It is not out of the question that the SSSSK, with probably more hackers (coders) working for them then all the rest of the world combined, will win future wars with minimal physical conflict, just by paralyzing their enemies via the net. No satellites, no phones, no communications, no financial transactions, no power grid, no internet, no advanced weapons, no vehicles, trains, ships or planes. -/- There are only two main paths to removing the CCP, freeing 1.4 billion Chinese prisoners, and ending the lunatic march to WW3. The peaceful one is to launch an all-out trade war to devastate the Chinese economy until the military gets fed up and boots out the CCP. -/- An alternative to shutting down China’s economy is a limited war, such as a targeted strike by say 50 thermobaric drones on the 20th Congress of the CCP, when all the top members are in one place, but that won’t take place until 2022 so one could hit the annual plenary meeting. The Chinese would be informed, as the attack happened, that they must lay down their arms and prepare to hold a democratic election or be nuked into the stone age. The other alternative is an all-out nuclear attack. Military confrontation is unavoidable given the CCP’s present course. It will likely happen over the islands in the South China Sea or Taiwan within a few decades, but as they establish military bases worldwide it could happen anywhere (see Crouching Tiger etc.). Future conflicts will have hardkill and softkill aspects with the stated objectives of the CCP to emphasize cyberwar by hacking and paralyzing control systems of all military and industrial communications, equipment, power plants, satellites, internet, banks, and any device or vehicle connected to the net. The SS are slowly fielding a worldwide array of manned and autonomous surface and underwater subs or drones capable of launching conventional or nuclear weapons that may lie dormant awaiting a signal from China or even looking for the signature of US ships or planes. While destroying our satellites, thus eliminating communication between the USA and our forces worldwide, they will use theirs, in conjunction with drones to target and destroy our currently superior naval forces. Of course, all of this is increasingly done automatically by AI. -/- By far the biggest ally of the CCP is the Democratic party of the USA. The choice is to stop the CCP now or watch as they extend the Chinese prison over the whole world. -/- Of course, universal surveillance and digitizing of our lives is inevitable everywhere. Anyone who does not think so is profoundly out of touch. -/- Of course it is the optomists who expect the Chinese sociopaths to rule the world while the pessimists (who view themselves as realists) expect AI sociopathy (or AS as I call it – i.e., Artificial Stupidity or Artificial Sociopathy) to take over, perhaps by 2030 Those interested in further details on the lunatic path of modern society may consult my other works such as Suicide by Democracy-an Obituary for America and the World 3rd Edition 2019 and Suicidal Utopian Delusions in the 21st Century: Philosophy, Human Nature and the Collapse of Civilization 5th ed (2019) -/- . (shrink)

No USA president in history has received as much opposition as Donald Trump has from all three components of the Establishment, namely the financial establishment, the political establishment and the corporate media establishment. The election of Donald Trump to the office of presidency is marked with dozens of historical first events that are anything but lackluster, yet a bleak picture of Fascism has been painted to describe Trump. This is an extraordinary piece of disinformation, as no modern president has (...) been more consistent in plainly saying what he will do regarding US military and geopolitical goals, both outside and in office. This, even though his stated position is clearly opposite to the wishes of the dominant cabal, supported by both parties, and to US foreign policy since WWII. USA history is not very long, but Trump presidency and his inaugural speech marked a historic starting point for this 'democracy'. Every sentence of Donald J. Trump's inaugural speech was a departure from diplomacy. Knowing what diplomacy actually means, it's a great step toward transparency. It is the best thing that happened in US political history. It is no surprise the Media established completely flipped, the political establishment gasped, and the financial establishment started to conspire a different strategy (George Soros declaring he wants Trump presidency to fail). In the mean time, the typically apolitical science and technology establishment declared Trump completely unfit for the office that he has just been elected to. Trump’s inaugural speech that contained phrases like, "It's time to remember that old wisdom our soldiers will never forget, that whether we are black or brown or white, we all bleed the same red blood of patriots", was in sharp contrast to how Abraham Lincoln viewed America, when he said, "I, as much as any other man, stand in favor of having the superior position assigned to the white race… I have no purpose to introduce political and social equality between the white and the black races." Trump’s embrace of humanity and righteousness was reminiscent of Prophet Muhammad’s last sermon at the pilgrimage, where he said over 1400 years, "An Arab is no better than a non-Arab, and a non-Arab is no better than an Arab; a red man is no better than a black man and a black man is no better than a red man – except if it is in terms of piety." Yet, Trump took oath of office swearing on the bible used by Abraham Lincoln. In this two-part paper, the key research question answered is what Trump presidency stands for. In answering this question, the first part deconstructs some of the dominant theories of Fascism. Then, a delinearized history is constructed in order to understand how democracy, as applied in USA, has an inevitable outcome of achieving the same goals as a Fascist regime. The concept of religious extremism, including “Islamic terrorism” or “radical Islam” is also discussed with relevance to ‘war on terror’. The history of US presidency then shows that the office of presidency is used as a tool to advance a Fascist agenda, albeit being packaged as USA exceptionalism. The ground is set for part 2 that analyses the rise of Trump and the demise of DNC integrity, followed by deconstruction of various allegations against Trump. (shrink)

The first thing we must keep in mind is that when saying that China says this or China does that, we are not speaking of the Chinese people, but of the Sociopaths who control the CCP -- Chinese Communist Party, i.e., the Seven Senile Sociopathic Serial Killers (SSSSK) of the Standing Committee of the CCP or the 25 members of the Politburo etc.. -/- The CCP’s plans for WW3 and total domination are laid out quite clearly in Chinese govt (...) publications and speeches and this is Xi Jinping’s “China Dream”. It is a dream only for the tiny minority (perhaps a few dozen to a few hundred) who rule China and a nightmare for everyone else (including 1.4 billion Chinese). The 10 billion dollars yearly enables them or their puppets to own or control newspapers, magazines, TV and radio channels and place fake news in most major media everywhere every day. In addition, they have an army (maybe millions of people) who troll all the media placing more propaganda and drowning out legitimate commentary (the 50 cent army). -/- In addition to stripping the 3rd world of resources, a major thrust of the multi-trillion dollar Belt and Road Initiative is building military bases worldwide. They are forcing the free world into a massive high-tech arms race that makes the cold war with the Soviet Union look like a picnic. -/- Though the SSSSK, and the rest of the world’s military, are spending huge sums on advanced hardware, it is highly likely that WW3 (or the smaller engagements leading up to it) will be software dominated. It is not out of the question that the SSSSK, with probably more hackers (coders) working for them then all the rest of the world combined, will win future wars with minimal physical conflict, just by paralyzing their enemies via the net. No satellites, no phones, no communications, no financial transactions, no power grid, no internet, no advanced weapons, no vehicles, trains, ships or planes. -/- There are only two main paths to removing the CCP, freeing 1.4 billion Chinese prisoners, and ending the lunatic march to WW3. The peaceful one is to launch an all-out trade war to devastate the Chinese economy until the military gets fed up and boots out the CCP. -/- An alternative to shutting down China’s economy is a limited war, such as a targeted strike by say 50 thermobaric drones on the 20th Congress of the CCP, when all the top members are in one place, but that won’t take place until 2022 so one could hit the annual plenary meeting. The Chinese would be informed, as the attack happened, that they must lay down their arms and prepare to hold a democratic election or be nuked into the stone age. The other alternative is an all-out nuclear attack. Military confrontation is unavoidable given the CCP’s present course. It will likely happen over the islands in the South China Sea or Taiwan within a few decades, but as they establish military bases worldwide it could happen anywhere (see Crouching Tiger etc.). Future conflicts will have hardkill and softkill aspects with the stated objectives of the CCP to emphasize cyberwar by hacking and paralyzing control systems of all military and industrial communications, equipment, power plants, satellites, internet, banks, and any device or vehicle connected to the net. The SS are slowly fielding a worldwide array of manned and autonomous surface and underwater subs or drones capable of launching conventional or nuclear weapons that may lie dormant awaiting a signal from China or even looking for the signature of US ships or planes. While destroying our satellites, thus eliminating communication between the USA and our forces worldwide, they will use theirs, in conjunction with drones to target and destroy our currently superior naval forces. Of course, all of this is increasingly done automatically by AI. -/- By far the biggest ally of the CCP is the Democratic party of the USA. The choice is to stop the CCP now or watch as they extend the Chinese prison over the whole world. -/- Of course, universal surveillance and digitizing of our lives is inevitable everywhere. Anyone who does not think so is profoundly out of touch. -/- Of course it is the optomists who expect the Chinese sociopaths to rule the world while the pessimists (who view themselves as realists) expect AI sociopathy (or AS as I call it – i.e., Artificial Stupidity or Artificial Sociopathy) to take over, perhaps by 2030 Those interested in further details on the lunatic path of modern society may consult my other works such as Suicide by Democracy-an Obituary for America and the World 3rd Edition 2019 and Suicidal Utopian Delusions in the 21st Century: Philosophy, Human Nature and the Collapse of Civilization 5th ed (2019) -/- . (shrink)

The Pfizer-BioNTech coronavirus vaccine is 90 percent effective in protecting against COVID-19. It would not have been possible without the tireless effort of Professor Katalin Karikó, a scientific innovator fitting the mold of dynamic inventor Arthur Diamond presents in his book, Openness to Creative Destruction Sustaining Innovative Dynamism. Not only did Professor Karikó persist in her beliefs in the therapeutic potential of synthetic messenger RNA over the course of four decades, but she did so despite the criticisms of other scientists (...) and despite lack of financial backing for large parts of her career. Professor Karikó is a good example of the unconventional picture that Diamond paints of entrepreneurs in a specific version of market capitalism he terms, innovative dynamism. Specifically, she is an example of someone who does not hold prevailing academic theories in too high a regard and instead privileges her tacit knowledge (knowledge gained from years of working with mRNA in the lab) to persist believing in the potential of a therapy that now could quite literally save the world. Most surprisingly, she, like most of the entrepreneurs surveyed in the book, seem not primarily motivated by profit, though the money their projects eventually attract is integral to disseminating their creative ideas to the masses. -/- Are the many examples offered by Diamond that are similar to Professor Karikó’s story evidence against the long-standing suspicion that there is something morally damning in the self-interested motivations of innovative entrepreneurship? Is it the case that others would have inevitably pursued the cure that Karikó pursued, regardless of economic system? In light of COVID-19 and other high-pressure situations, ought we to care how we constrain the innovators who develop solutions? Diamond’s case for the economic system, innovative dynamism, seeks to answer these and other important questions concerning our political and cultural treatment of innovators and entrepreneurs. This review critically assesses his efforts. I make my case by first reviewing the major argumentative structure of the book, then I summarize and evaluate the three major themes Diamond presents in the book: (1) what is innovative dynamism and who are its competitors, (2) what are the major benefits of innovative dynamism, (3) who is the innovative entrepreneur and how do we support him or her? (shrink)

It is crucial to actively detect the risks of transactions in a financial company to improve customer experience and minimize financial loss. In this study, we compare different machine learning algorithms to effectively and efficiently predict the legitimacy of financial transactions. The algorithms used in this study were: MLP Repressor, Random Forest Classifier, Complement NB, MLP Classifier, Gaussian NB, Bernoulli NB, LGBM Classifier, Ada Boost Classifier, K Neighbors Classifier, Logistic Regression, Bagging Classifier, Decision Tree Classifier and Deep (...) Learning. The dataset was collected from Kaggle depository. It consists of 6362620 rows and 10 columns. The best classifier with unbalanced dataset was the Random Forest Classifier. The Accuracy 99.97%, precession 99.96%, Recall 99.97% and the F1-score 99.96%. However, the best classifier with balanced dataset was the Bagging Classifier. The Accuracy 99.96%, precession 99.95%, Recall 99.98% and the F1-score 99.96%. (shrink)

Standing is a peculiar norm, allowing for deflecting that is rejecting offhand and without deliberation interventions such as directives. Directives are speech acts that aim to give directive-reasons, which are reason to do as the directive directs because of the directive. Standing norms, therefore, provide for deflecting directives regardless of validity or the normative weight of the rejected directive. The logic of the normativity of standing is, therefore, not the logic of invalidating directives or of competing with (...) directive-reasons but of ‘exclusionary permission’. That is, standing norms provide for permission to exclude from practical deliberation directive-reasons if given without the requisite standing, regardless of their normative weight. As such, standing is a type of second-order norm. Numerous everyday practices involve the deflection of directives, such as pervasive practices of deflecting hypocritical and officious directives. Of various possible models, the one that best captures the normative structure of these practices of deflection is the standing model. Accordingly, the normativity of standing is pervasive in our everyday practices. Establishing that standing, although a neglected philosophical idea, is a significant and independent normative concept. (shrink)

Through the guidelines of D.O No. 22, s. 2021, the study finds that the majority of 304 teachers from both public elementary and secondary schools are married females between the ages of 30 and 40 with 1 to 4 years of work experience and 15,000 to 30,000 monthly income. Findings exposed the “high level of comprehension perceived” in financial knowledge, behavior, and attitude. Also, the perception of asset acquisitions as the highest priority, along with other relevant factors from budgeting (...) and decision-making and retirement preparedness, demonstrated “importance” in the level of their comprehension. The significant difference through test variation in teachers' retirement preparedness and asset acquisitions towards the age variable is significant. Thus, teachers' retirement preparedness based on their perceptions of budgeting has a strong impact on their teaching experience. Accordingly, financial literacy and retirement preparedness have an essential or direct relationship. This indicates a strong impact of financial preparedness on financial literacy. (shrink)

Background: The feeding modalities applied in countries with school meal programs are varied because these are shaped not only by the national commitments to alleviate food insecurity among children but also by resource availability from national and international agencies. In terms of financial resources, the USA plays a consistent role in providing donations, grants, loans, and loan guarantee programs to support global school feeding. The U.S. Department of Agriculture (USDA) oversees these funding sources for international school meal programs. Aim: (...) This study aims to examine the moderating effect of USDA funding on the relationship between supply purchasing methods and feeding modalities among countries implementing school meal programs. Methods: The Bayesian Mindsponge Framework, combining the reasoning strengths of Mindsponge Theory and inference advantages of Bayesian analysis, was employed on a dataset of 126 government representatives who manage large-scale school meal programs in 126 different countries. Results: The findings indicated that USDA funding has the potential to positively moderate the relationship between foreign supply purchases and the feeding modalities of school meal programs. However, the direct association between foreign purchases and feeding modalities was unclear. Conversely, while USDA funding was found to have a negative moderation effect on the relationship between domestic supply purchases and feeding modalities, it is these domestic purchases that show potential for positively influencing the feeding modalities. Conclusions: Findings underscore the importance of supporting the World Bank and World Food Programme’s recommendation to rely more on local resources and capacities for developing long-term and sustainable school meal programs. Further exploration of the impact of foreign supply purchases on feeding modalities is needed. Formulating strategic plans to better leverage USDA funding for enhancing domestic supply purchases is highly recommended. (shrink)

What justifies practices of “standing”? Numerous everyday practices exhibit the normativity of standing: forbidding certain interventions and permitting ignoring them. The normativity of standing is grounded in facts about the person intervening and not on the validity of her intervention. When valid, directives are reasons to do as directed. When interventions take the form of directives, standing practices may permit excluding those directives from one’s practical deliberations, regardless of their validity or normative weight. Standing practices (...) are, therefore, puzzling – forbidding giving reasons and, if given, permitting disregarding such reasons. What justifies standing practices are the values that they protect, including privacy, autonomy, independence, valuable relationships, and equal respect. These values count in favor of standing’s duty against certain interventions and, when these duties of non-intervention are breached, the values underpinning those duties count in favor of standing’s permission to discount or exclude those interventions from one’s practical deliberations – the normative weight of those interventions notwithstanding. (shrink)

Financial gerontology can be defined as investigating relations between finances and aging. Authors such as Neal E. Cutler, Kouhei Komamura, Davis W. Gregg, Shinya Kajitani, Kei Sakata, and Colin McKenzie affirm that financial literacy is an effect of aging with concern about the issue of finances, as well as stating that it is the effect of longevity and aging on economies or the financial resilience of older people.

It is generally agreed that for blame to be appropriate the wrongdoer must be blameworthy. However, blameworthiness is not sufficient for appropriate blame. It has been argued that for blame to be appropriate the blamer must have standing to blame. Philosophers writing on the topic have distinguished several considerations that might defeat someone’s standing to blame. This paper examines the underexplored consideration of how personal relationships can influence who has the standing to express blame. We seem to (...) assume that if we do not stand in the right relation to the wrongdoer, it is not our business to blame them. I identify three challenges to this view. First, we do not know what is wrong with meddling (whether it is morally or prudentially wrong). Second, there are cases where we have no close relation to the wrongdoer, but where we seem to have standing nonetheless – murder and other serious moral offences are examples of this. Third, we don’t seem to have a clear conception of what ‘standing’ means, and this makes it hard to see how discussion on standing can help us determine the propriety of blame. This paper defends the notion of standing as a propriety condition on blame in cases of meddling. I argue that personal relationships influence who has the standing to blame through constitution of relationship-specific norms; and that the role these norms play in developing and regulating our relationships can explain why meddlesome blame is morally wrong. (shrink)

This paper argues that praise is governed by a norm of standing, namely the evaluative commitment condition. Even when the target of praise is praiseworthy and known to be so by the praiser, praise can be inappropriate owing to the praiser’s lacking the relevant evaluative commitment. I propose that uncommitted praisers lack the standing to praise in that, owing to their lack of commitment to the relevant value, they have not earned the right to host the co-valuing that (...) is the communicative aim of praise. (shrink)

A plausible condition on having the standing to blame someone is that the target of blame's wrongdoing must in some sense be your “business”—the wrong must in some sense harm or affect you, or others close to you. This is known as the business condition on standing to blame. Many cases of epistemic blame discussed in the literature do not obviously involve examples of someone harming or affecting another. As such, not enough has been said about how an (...) individual's epistemic failing can really count as another person's business. In this paper, I deploy a relationship-based account of epistemic blame to clarify the conditions under which the business condition can be met in the epistemic domain. The basic idea is that one person's epistemic failing can be another's business in virtue of the way it impairs their epistemic relationship. (shrink)

Sometimes it is not one’s place to blame or forgive. This phenomenon is captured under the philosophical notion of standing. However, there is an asymmetry to be explained here. One can successfully blame, even if one lacks the standing to do so. Yet, one cannot successfully forgive if one lacks the standing to do so. In this article we explain this asymmetry. We argue that a complete explanation depends on not only a difference in the natures of (...) the standing to blame and forgive but also a difference in the natures of blame and forgiveness themselves. (shrink)

In this chapter, my main aim is to explore some of the central moral critiques of international financial institutions as well as proposals to overcome the moral problems that they face.

Before the Doi Moi reforms in 1986, Viet Nam’s economy was devastated by 30 years of warfare with two major military powers, France and the US, ending in 1975. In the subsequent 10 years, Viet Nam suffered from failing economic experiments, including agricultural cooperatization, “industry-commerce rehabilitation,” price-wage-currency reform, among others, under the centrally planned mechanism (Wood 1989), as well as the international isolation and a US trade embargo when its troops entered Cambodia to overthrow the Khmer Rouge (Riedel and Turley (...) 1999). Its per-capita gross domestic product (GDP) declined to USD 97 in 1989 whereas the ratio of external debt to GDP reached 330%. 1 The economy languished and became one of the poorest in the world (VGP 2016). (shrink)

Praise and blame are both forms of moral assessment. Yet, the literature on standing has focussed on blame – to blame appropriately one needs standing to do so. Praise has been mostly ignored. This paper argues that the asymmetrical treatment of praise and blame is unwarranted: there’s no good reason to think that we need standing to blame, but don’t need standing to praise. This conclusion is important because it provides a new line of argument for (...) scepticism about standing to blame. (shrink)

This study thoroughly investigates the financial behaviors of financially independent, young, single professionals aged 24 to 35 in Balayan, Batangas, amidst a period of global inflation. Focusing on five industries—education, finance, government, healthcare, and retail—the research employs a mixed-methods approach. Quantitative analysis, involving 75 respondents through a 4-point Likert scale survey, is complemented by qualitative insights from in-depth interviews with 5 participants from each industry. The findings from numerical values revealed that demographics did not impact working professionals' saving habits (...) and buying behaviors during the global inflation surge. This suggests that despite differences in age, gender, industry, employment status, and monthly income or salary, all professionals prioritized robust, strong savings and reduced spending to ensure financial stability. The research underscores the significance for professionals in various industries to prioritize specific aspects of personal financial management during the prevailing global inflation surge. The study suggests that, irrespective of industry, working professionals should prioritize specific aspects of personal financial management during the global inflation surge. (shrink)

In the beginning of the 1970s, Michel Foucault dismisses the terminology of ‘exclusion’ for his projected analytics of modern power. This rejection has had major repercussions on the theory of neoliberal subject-formation. Many researchers disproportionately stress how neoliberal dispositifs produce entrepreneurial subjects, albeit in different ways, while minimizing how these dispositifs sometimes emphatically refuse to produce neoliberal subjects. Relying on Saskia Sassen’s work on financialization, I argue that neoliberal dispositifs not only apply entrepreneurial norms, but also suspend their application for (...) groups that threaten to harm the population’s profitability. Neoliberal dispositifs not only produce entrepreneurial subjects, but also surplus populations that are expelled from the overall population to maintain its productivity. Here, the concept of ‘exclusion’ is appropriate if understood in Agamben’s sense of an inclusive exclusion. The surplus population is part of neoliberal dispositifs, but only as the element to be abandoned. (shrink)

The credit crises experienced in the US in year 2008 is labeled as perhaps the most significant crises since the great depression. The roots of the crises were found in the default of the sub-prime mortgages and the failure occurred in both the US and the UK. Due to the integrated nature of international financial systems the spillover impacted many countries as the economies in Asia and Europe were purchasers of the sub-prime mortgages that originated in both UK and (...) US. The impact of the credit crises in Canada is of unique importance due to the close proximity to US, and both the US and Canada being of great strategic importance to each other as well as one of the largest trading partners.Even though the international financial credit crises adversely impacted many countries, the evidence that has come across recent years point towards the conclusion that Canada was able to weather the crises much better than many other countries. (shrink)

The study aimed to determine the personal financial management practices among selected personnel of the Bureau of the Treasury – Central Office. It used the descriptive method of gathering data. The respondents of the study consisted of 183 personnel from 35 divisions of the Bureau and selected through simple random probability sampling technique. The study shown that most of the respondents aged 26 to 35 years old, female, single, bachelor’s degree holder, rank and file workers, permanent employees, have been (...) in the agency for 5 years and below and with monthly compensation ranging from P15,001 – P30,000. In terms of financial planning, most of the respondents set their short and long-term financial goals. In terms of money management, most of the respondents saved so that they do not need to borrow from others. In terms of income and asset protection, most of the respondents considered uncertainties for their future. And in terms of investments, most of the respondents purchased government securities. The researcher recommended to utilize various social media platforms as an avenue for financial planning, start considering the use of credit management in the acquisition of their needs, understand the need of acquiring non-life insurance and start familiarizing themselves in the concept of the derivatives market. Also, the Bureau of the Treasury should initiate seminars/webinars about how to start writing a financial plan, effective ways in managing finances, the vital role of insurance and estate planning, and possible ways in earning money when investing on securities and derivatives. (shrink)

This research paper delves into the realm of Financial Network Analytics, unraveling the opportunities and challenges it presents in the domains of systemic risk management and investment analysis. The study navigates the intricate web of interconnected financial entities, employing advanced analytics techniques to uncover meaningful insights. Through a comprehensive exploration, the paper identifies opportunities for leveraging financial network data to enhance systemic risk detection mechanisms and refine investment strategies. Simultaneously, it addresses the inherent challenges, such as data (...) complexity and dynamic network structures, offering nuanced perspectives on their implications. The findings contribute to the evolving landscape of financial analytics, providing a foundation for the development of robust tools and methodologies that can aid financial institutions and investors in navigating the complexities of modern financial networks. (shrink)

Financial literacy is becoming a pivotal skill in navigating the marketplaces within the predominant rising digital branches of trading domains; however, there remains a concerning gap in the purchasing behavior of adolescents, who are its primary users. With this in mind, the main objective of our research is to determine whether there is a relationship between a student's level of financial literacy and their online purchase decision-making. The researchers employed an explanatory mixed approach and purposive sampling to identify (...) respondents from Immaculate Conception College of Balayan, Inc. A 5-point Likert scale survey was utilized to collect data from 66 respondents, followed by semi-structured interviews with 10 selected participants. The results showed a moderately positive correlation between a student's financial literacy and online purchase decisions, as determined by the Pearson correlation coefficient. Thus, the thematic analysis revealed that respondents generally have good financial literacy, emphasizing factors like pricing, online reviews, and product ratings when making digital marketplace decisions. However, there are notable gaps in their understanding of basic financial concepts and their ability to apply them in real-life situations. To effectively enhance students’ financial literacy and online purchasing decisions, a holistic approach is necessary, including targeted interventions, practical applications, and continuous adaptation to evolving consumer behaviors. Educational institutions, policymakers, and stakeholders should work together to create comprehensive programs that provide students with the knowledge, skills, and attitudes needed to negotiate real-world financial situations and make sound judgments in the digital commerce ecosystem. By emphasizing practical learning, key financial concepts, and trustbuilding approaches, educators may empower students to become responsible consumers capable of managing their resources successfully and ethically. (shrink)

Most business in the Philippines is mostly in the microenterprise. Hence, this research was accomplished in order to assess the effectiveness of financial management practices of microenterprises in Quezon City. The city was selected as the locale of the research since there were various microenterprises built in this location. The respondents were classified according to the number of years in operation of their business, the number of employees, capitalization, and their source of funds. Additionally, the individual profile was also (...) classified into their age, highest educational attainment, and the number of seminars or trainings related to their business that they had attended. The assessment was specified into aspects of financial planning, financial control, and cash management. The result shows that most businesses were newly established and only operating for zero (0) to two (2) years. The result also showed that most of the respondents only had a capitalization of PHP 100,000.00 and they were utilizing their personal savings as a source of funds. Most of them are aged from twenty-one (21) to thirty (30) years with no bachelor’s degrees. They only attended seminars and training less than three (3) times. The result of this study was beneficial to business owners, local government units, government, government agencies, banks, and other financial institutions, academe, and future researchers. (shrink)

As part of their digital transformation, financial service companies can greatly benefit from the implementation of a microservice architecture. We can build a service-oriented architecture (SOA) application using the architecture to enhance its overall performance and maintainability. This enables the application to consist of several smaller components that operate independently and simultaneously. In the financial services industry, the accuracy of artifact states holds immense significance. Given that an inaccurate artifact state or anomalous artifact operation(s) could potentially ruin the (...) entire application, it is crucial to conduct an analysis of the artifact operations within each microservice during the design process. In this study, we present a technique for identifying anomalies through the characteristics of artifacts associated with the microservice architecture. Following this, we identify the properties of artifacts. As a result of technological improvements and shifting client expectations, the financial sector is currently going through a tremendous upheaval. Among these advancements, microservices architecture has emerged as a key enabler of agility, scalability, and innovation in banking systems. This paper delves into the relationship between microservices and banking security, emphasizing the use of microservices to strengthen financial systems in the face of growing cyber security risks. The microservices architecture simplifies the development, deployment, and scalability of big financial applications by separating them into smaller, self-contained services. This modular approach not only makes the system more reliable and helps separate problems, but it also makes continuous integration and delivery (CI/CD) easier, which lets you respond quickly to changes in the market and new rules. However, the implementation of microservices introduces new security challenges, such as controlling inter-service communication, ensuring data integrity, and safeguarding against attack detection and protection. (shrink)

Sumantra Ghoshal’s condemnation of “bad management theories” that were “destroying good management practices” has not lost any of its salience, after a decade. Management theories anchored in agency theory (and neo-classical economics generally) continue to abet the financialization of society and undermine the functioning of business. An alternative approach (drawn from a more classic institutional, new ecological, and refocused ethical approaches) is reviewed.

Although Minsky’s interpretation of Keynes’s macroeconomics and essential message clashes with authoritative alternative interpretations, it has become increasingly influential during the years following the Global Financial Crisis, even in mainstream circles. This paper offers a critical evaluation of Minsky’s Financial Instability Hypothesis from the perspective of the alternative Austro-Wicksellian paradigm. Although some of the similarities and/or analogies between Minsky’s approach and that of the Austrian School suggest a more than merely superficial affinity between the two theoretical frameworks and (...) although some scope for cross-fertilization between both approaches can be found, both theoretically and empirically, at a fundamental conceptual level both theories remain incompatible and difficult if not impossible to reconcile, in particular in terms of fundamental causality and in terms of policy conclusions and prescriptions. Despite the fact that Minsky’s policy conclusions are multifaceted and somewhat eclectic, they manifest a lack of familiarity with the conclusions of the Austrian analysis of the problems of central planning by Big Players such as Big Bank and Big Government. Both approaches also offer contrasting interpretations of the historical experience of the Global Financial Crisis. (shrink)

Hypocrites are often thought to lack the standing to blame others for faults similar to their own. Although this claim is widely accepted, it is seldom argued for. We offer an argument for the claim that nonhypocrisy is a necessary condition on the standing to blame. We first offer a novel, dispositional account of hypocrisy. Our account captures the commonsense view that hypocrisy involves making an unjustified exception of oneself. This exception-making involves a rejection of the impartiality of (...) morality and thereby a rejection of the equality of persons, which we argue grounds the standing to blame others. (shrink)

The objective of this study is to Analyze the Financial Position and Performance of the Axis and Kotak Mahindra Bank in India based on their financial characteristics. We have chosen the CAMEL model and t-test which measures the performance of bank from each of the important parameter like capital adequacy, asset quality, management efficiency, earning quality, liquidity and Sensitivity. The present study is conducted analyze the consistency of the profitability of the Axis and Kotak Mahindra bank’s. It is (...) analyses that the ratio of credit deposit is maximum of Kotak Mahindra Bank Ltd and it shows efficient management of the bank. The ratio of earning per share is maximum for Axis Bank Ltd i.e. 50.28 and the ratio of return on Assets is minimum for Axis Bank Ltd. The CAMELS’ analysis and t-test concludes that there is no significance difference between the Axis and Kotak Mahindra bank’s financial performance but the Kotak Mahindra bank performance is slightly less compared with Axis Bank. (shrink)

This dissertation is composed of three essays which examine the impact of financial integration and trade liberalization. Chapter I investigates the effect of financial openness on labor share of income by using four measures of the labor share of income: one unadjusted and three adjusted measures of income share which account for earnings from the self-employed workers. The author also uses both measures of capital account openness: de jure and de facto indicators. The empirical work is applied for (...) a panel dataset of 30 countries during the period of 1970 – 2013. Despite using different measurement methods of the labor share of income and financial openness, the results from all specifications support the hypothesis that financial integration leads to a decline in the labor share of income for the all countries sample. (shrink)

To what extent are questions of sovereign debt a matter for political rather than scientific or moral adjudication? We answer that question by defending three claims. We argue that (i) moral and technocratic takes on sovereign debt tend to be ideological in a pejorative sense of the term, and that therefore (ii) sovereign debt should be politicised all the way down. We then show that this sort of politicisation need not boil down to the crude Realpolitik of debtor-creditor power relations—a (...) conclusion that would leave no room for normative theory, among other problems. Rather, we argue that (iii) in a democratic context, a realist approach to politics centred on what Bernard Williams calls ‘The Basic Legitimation Demand’ affords a deliberative approach to the normative evaluation of public debt policy options. (shrink)

The recently rising field of Critical Data Studies is still facing fundamental questions. Among these is the enigma of digital subjectivation. Who are the subjects of Big Data? A field where this question is particularly pressing is finance. Since the 1990s traders have been steadily integrated into computerized data assemblages, which calls for an ontology that eliminates the distinction between human sovereign subjects and non-human instrumental objects. The latter subjectivize traders in pre-conscious ways, because human consciousness runs too slow to (...) follow the volatility of the market. In response to this conundrum Social Studies of Finance has drawn on Actor-Network Theory to interpret financial markets as technically constructed networks of human and non-human actors. I argue that in order to develop an explicitly critical data study it might be advantageous to refer to Maurizio Lazzarato’s theory of machinic subjugation instead. Although both accounts describe financial digital subjectivation similarly, Lazzarato has the advantage of coupling his description to a clear critique of and resistance to finance. (shrink)

This research paper investigates the transformative applications of data visualization techniques in the realm of financial crime detection, with a specific emphasis on addressing the challenges posed by credit card fraud and money laundering. The abstract explores the intricate landscape of visualizing financial data to uncover patterns, anomalies, and potential illicit activities. Through a comprehensive review of existing methodologies and case studies, the paper illuminates the pivotal role data visualization plays in enhancing the efficiency and accuracy of fraud (...) detection systems. By synergizing advanced visualization tools with machine learning algorithms, the study aims to provide insights into how financial institutions can bolster their defenses against evolving threats. Ethical considerations, usability, and the real-world impact of data visualization in combating financial crime are also scrutinized. This research contributes to the evolving discourse on leveraging visualization technologies to fortify financial systems against illicit activities, fostering a proactive and responsive approach to safeguarding economic ecosystems. (shrink)

In the article the effect of disbalances in the movement of financial resources on the national financial systems is formalized. For ensuring the corresponding monitoring objectives the financial sustainability indicators developed by the IMF and the World Bank have been used, as well as the integral indicator of financial resource disbalances, which serve as statistical units for measuring the financial situation and sustainability of the financial sector of the country. For the overwhelming majority of (...) the studied countries, the hypothesis about the negative impact of disbalances in the flow of financial resources on the stability of their financial sectors, regardless of the general economic conditions of these countries' development, was confirmed. At the same time, such a hypothesis was denied for a group of developing countries. Conditions-destabilizers of financial sectors’ stability of the countries under the influence of financialization of their economies, which should be considered the object of regulatory measures in financial markets, are defined. These include the level of market integration into the global financial space, which determines the tendency to systemic risks transmission and the degree of markets’ development that affects their volatility. (shrink)

The purpose of the article is to analyze the prerequisites, advantages, problems and prospects for the development of the processes of financial decentralization in Ukraine. Initially, the article reveals the features of the federal and unitary arrangements of states. As research has shown, the principles of fiscal federalism have been increasingly used by unitary states. The legislative and normative legal acts regulating the implementation of the decentralization policy in Ukraine are justified and given. Characteristics of the formation of new (...) structures, such as: united territorial societies and their sources of financing are characterized. Changes in incomes in local budgets as a result of decentralization are analyzed, and their significant growth is observed. The mechanism of horizontal leveling of the tax ability of territories has been developed, which helps to remove imbalances and unevenness, most of the budgets of Ukraine are recipients of budgetary funds, since they receive a basic subsidy. The influence of the development of information technologies on entrepreneurial activity in small towns and villages is determined. Information technology is a tool of points of growth of territories. Decentralization will not gradually increase due to urbanization processes, but will be accompanied by new development mechanisms, where the labor force and the means of production will unite and help create a qualitatively new environment. (shrink)

This special issue introduces the study of financial technologies and finance to the field of philosophy of technology, bringing together two different fields that have not traditionally been in dialogue. The included articles are: Digital Art as ‘Monetised Graphics’: Enforcing Intellectual Property on the Blockchain, by Martin Zeilinger; Fundamentals of Algorithmic Markets: Liquidity, Contingency, and the Incomputability of Exchange, by Laura Lotti; ‘Crises of Modernity’ Discourses and the Rise of Financial Technologies in a Contested Mechanized World, by Marinus (...) Ossewaarde; Two Technical Images: Blockchain and High-Frequency Trading, by Diego Viana; and The Blockchain as a Narrative Technology: Investigating the Social Ontology and Normative Configurations of Cryptocurrencies, by Wessel Reijers and Mark Coeckelbergh. (shrink)

The purpose of the paper is to determine the state of automotive corporations financial stability and to generalize the consequences of its violation for their activity and the global economy as a whole. Methods. The theoretical and methodological basis of the research is the scientific works in the field of corporate finance management and strategic development that studied analyzing and evaluating the financial stability of corporate companies, maintaining their financial stability in the medium and long term, official (...) statistics data of United Nations Conference on Trade and Development, financial statements of corporations Toyota Motor Corporation (Japan), Mercedes-Benz (Germany) and Tesla Motors (USA), own research results. The methodological basis of the study is a set of general scientific and special methods used to achieve the research goal: theoretical generalization, analysis and synthesis – in studying the content of scientific works on the research of financial stability of corporate companies and maintaining their financial stability; observation – to obtain primary information about the state of the world automotive market; the method of coefficient analysis and typing the situations – to assess the financial stability of automotive corporations; analytical – in determining the economic consequences of financial stability violation of automotive corporations; causation – to obtain final conclusions. Results. This article deals with the development of automotive industry in the world. The financial stability of leading automotive corporations is evaluated. The economic consequences of financial stability violation of automotive corporations are summarized. Financial strategies to improve the financial stability of automotive corporations are proposed. Practical value. The results of the study may be useful to the United Nations Conference on Trade and Development, the financial management of Toyota Motor Corporation, Mercedes-Benz and Tesla Motors. Value / originality – the state of financial stability of automotive corporations is determined and the consequences of its violation for their activity and the world economy as a whole are generalized. Further research should be directed towards the development of project measures to improve the financial stability of automotive corporations in the world. (shrink)

In a 2020 article in Analysis, Lippert-Rasmussen argues that the moral equality account of the hypocrite’s lack of standing to blame fails. To object to this account, Lippert-Rasmussen considers the contrary of hypocrisy: hypercrisy. In this article, I show that if hypercrisy is a problem for the moral equality account, it is also a problem for Lippert-Rasmussen’s own account of why hypocrites lack standing to blame. I then reflect on the hypocrite’s and hypercrite’s standing to self-blame, which (...) reveals that the challenge hypercrisy poses for accounts of standing is different from the challenge Lippert-Rasmussen articulates. (shrink)

Financial distress in the hospitality industry affects both businesses and their employees. This study explores the perspectives of employees on financial distress within the hospitality sector in Imo State, Nigeria. The study addressed three research questions. Survey research design was adopted for the study. The study was carried out in Imo State Nigeria. 361 financial officers in the hotels within the hospitality industry in Owerri Imo State were the target population and random sampling was used to select (...) 181 hotels whose financial officers served as the study respondents. Structured questionnaire was specifically designed for this study. The data was analyzed using mean, and standard deviation to provide an overview of employee perspectives on financial distress. The results indicate that a wide range of variables, such as economic downturns, irregular revenue, high cost of living, and management concerns within businesses, are responsible for financial hardship among employees in the hotel industry in Imo State. Employees also mentioned that worry, anxiety, and job instability were direct effects of their financial hardship. Based on the results, a number of suggestions are made to lessen financial hardship. These include putting in place financial literacy initiatives for staff members, enhancing management-staff communication and transparency, supporting ethical labor practices, and encouraging social support systems within the workplace. (shrink)

I provide a positive expressivist account of the permissibility of ‘standing one’s ground’ in some cases of moral conflict, based in part on an illustrative analogy with political disputes. This account suffices to undermine Enoch’s recent argument against expressivism.