A Summary of
A seminar given at the Institute for Advanced Studies in the Humanities University of Edinburg
Dr. John Psarouthakis, Executive Editor
www.BusinessThinker.com, an online magazine, Distinguished Visiting Fellow,
Institute for Advanced Studies in the Humanities, University of Edinburgh,
Today, we find ourselves in a fast-paced, globally interconnected, knowledge-driven age. This age presents its own instabilities and dangers, but also is rich in promise and opportunity driven by an unprecedented acceleration of knowledge, understanding, and technology, with ever more open national borders. As the information and genetic revolutions gather momentum, and great environmental challenges loom ever larger, society will, as always, look to university graduates, faculty, and staff for fundamental research, and for creative understanding and application of the knowledge they generate. But society also will expect the universities and their people to play an increasingly important leadership role in many dimensions of world affairs. We must begin to prepare for this by increasing ourunderstanding of and partnership with, Community, business, industry, and governments in new endeavors of learning, research, and problem solving. This will be an important element of the research university of the future. It is an exciting time for universities.
Some views of things to come:
Tim Worstall, Contributor to Forbes
Tim is a Fellow at the Adam Smith Institute in London. One of the global experts on the metal scandium, one of the rare earths. He has written for The Times, Daily Telegraph, Express, Independent, Wall Street Journal, Philadelphia Inquirer and online for the Spectator, The Guardian, and other publications and on line journals.
This article was published in Forbes on May 16, 2015
A tale is going around that the Greek government has actually managed to produce a budget surplus for the first few months of this year. As I remarked yesterday this would be, to put it mildly, something of a surprise for an economy that has fallen back into recession. A very large surprise, even if we are to maintain that speaking mildly pose.
The answer seems to be that they’re not in fact running a budget surplus, in the manner that either most of us or most government accounts would describe a budget surplus.
There’s a couple of inklings of this in the press today:
Athens has also called for its embassies and consulates to forward any cash reserves in an effort to avoid running out of funds before a deal with creditors is reached. But it ran into a setback when the parliamentary speaker refused to transfer Hellenic parliament cash to the state.
Dr. John Psarouthakis, Executive Editor, www.BusinessThinker.com
In negotiations between two opposing sides that each declares “we will not cross the announced Red Lines” there will not be a settlement acceptable to both sides. For a compromise to be achieved there is an absolute reality that both sides need to cross these red lines. The degree of divergence from the red lines is really what is negotiated.
The perception of “what is mine is mine, but what is yours is negotiable” does not hold. Anything to the effect that “absolutely we will not cross the red lines” is a bluff and / or demagogic.
If it is a bluff, then Greece better be prepared for the consequences (bankruptcy) or become subservient to dictated terms by the lenders.
If it is demagogic, it is well overdue time for the country’s leadership to tell the Greek people the realities and stop talking about actions that have not taken place and it is very much unlikely they will not, i.eAccept the reality that “there can not be an agreement without undesirable but necessary compromises”