Do you feel something is wrong with the United States and the global economy? Despite a respectable recovery and low unemployment, many people aren’t happy with their current economic situation or their outlook for the future. From rising prices for basic necessities or schooling, to harsh competition and low pay for lower income jobs to negative interest rates—the poor and the middle class all have their problems to deal with.
It is true that there are more Millenials than Boomers. But to compare apples to apples, I’ll compare the two groups as they made their way through the 15-34yr/old population segment (kinda like tracking the Mississippi river around about Davenport, Iowa to know what downstream communities like St. Louis, Memphis, and eventually New Orleans should expect). When the Boomers exited this segment in 1981 (heading for adult prime time), they numbered about 81 million. Likewise, the Millenials are now making their transition to adulthood and they number about 88m. Or simply put, there are about 6.7 million more Millenials than Boomers (comparing peak to peak).
As official foreign exchange reserves are diversified from US Treasuries to SDR bonds this risk is minimized. This SDR diversification serves the purpose of both China (and other emerging markets) and the United States. The US is in a situation where increasing interest rates will cause large ripples in the international monetary and financial systems. This could potentially even lead to a financial crisis in China.
WikiLeaks Plays Doctor, Gives Hillary Clinton Fake Disease (Arthur Robey)
There is one problem, however: “Decision fatigue” is not an illness. It is a consumer behavior term for the feeling you get when you’re overwhelmed by the sheer number of options at, say, Costco.
In one of the most famous papers on decision fatigue, subjects—or maybe we should call them sufferers—are observed on their “willpower to resist the Mars bars and Skittles” at the supermarket.
It’s what they did in Cyprus three years ago, when bankers there made risky loans to Greece. In a back-room deal, politicians and bankers decided to pay off the bank debts by just seizing 10% of everyone’s deposits.
“When you’re still saving money when interest rates are negative, you’re crazy. If you’re still investing in the stock market when there is no connection between stock prices and the reality of the underlying fundamentals, you’re crazy.”
Next Economy: Flourishing in a Not-for-Profit World? (westcoastjan)
Jennifer Hinton and her co-author Donnie Maclurcan foresee an emerging economic alternative to state socialism and corporate capitalism: not-for-profit enterprise as the primary mode of business. Though many instinctively equate not-for-profits with charitable “nonprofits,” Hinton and Maclurcan argue any business can operate successfully without external shareholders.
In their view, big global trends favour not-for-profit enterprises. Is it likely that not-for-profit businesses will increasingly outcompete for-profit companies in the coming decades? Could a world dominated by not-for-profit business truly result in less inequality and a better life for every citizen?
The technocratic policy agenda that has been pushed by governments of left and right for decades, that is uncritical of globalization, that prioritizes efficiency over all concerns, that is callous about the individual consequences of that — people have had enough of that. That’s far more consequential than whichever candidate ends up with whichever job in politics.
DevBot also has a cockpit for a human driver, unlike the Robocars, but it does have the same powertrain, sensor suite, processors, and communication systems as the forthcoming autonomous race cars. DevBot is also fully electric, suggesting the handiwork of Drayson Racing Technologies. Several years ago, Drayson converted its Lola B10 Le Mans Prototype racer from internal combustion to electric power and has been involved in developing the technology used by Formula E.
Take the electricity sector as an example, which is flipping from being an industry based on huge power plants that provide baseload power with peaker plants to provide supply during peak times, to a power sector that relies much more heavily on disparate sources that depend on “forecast-and-balance” services. That is a jumbled way of saying that the electricity grid is changing fast because of clean energy – for decades the grid has hardly changed, but electrical equipment is becoming cleaner, more digitized, and won’t necessarily resemble what it has in the past.
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