Category Archives: Business

Opinion: Wise Worries On AI, Global Peace Crumbles, The English Identity Myth

The Economist ‘Editor’s Picks’ Podcast (April 24, 2023) This week, how to worry wisely about artificial intelligence, why in Sudan and beyond, the trend towards global peace has been reversed (13:00) and if English nationalism is on the rise, no one has told the English (19:30).

Business: Robots Helping Retailers Save Billions

CNBC (April 22, 2023) – Outfitted with cameras and sensors, autonomous inventory robots can verify price signs and look for out-of-stock items. Inventory is one of the biggest challenges retailers face.

Chapters: 0:002:07 Introduction 2:085:11 Chapter 1 Empty Shelves 5:129:26 Chapter 2 Inventory robots 9:2712:31 Chapter 3 The future

Missed sales from empty shelves and out-of-stock items cost U.S. retailers $82 billion in 2021, according to NielsenIQ. But an army of inventory robots is being deployed that could help retailers appease angry customers, boost sales and respond to the ongoing worker shortage.

Electric Vehicles: The 2023 Shanghai Auto Show (WSJ)

Wall Street Journal (April 21, 2023) – At this year’s auto show in Shanghai, international automakers like Volkswagen Group and Porsche are trying to keep up with Chinese EV manufacturers like BYD and Li Auto, who dominate China’s EV market.

Video timeline: 0:00 EVs and plug-in hybrids are in the spotlight at Auto Shanghai 0:37 BYD’s Seagull and Li Auto’s L8 on display 1:58 How international companies like Volkswagen and Porsche are trying to keep up with Chinese EV companies 3:07 What’s next for China’s EV market?

WSJ’s Yoko Kubota heads to the most prestigious car show in China and takes a look at what’s driving the latest trends.

Finance: Why Do U.S. Banks Keep Going Bankrupt?

CNBC (April 3, 2023) – The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk.

Over 550 banks have collapsed since 2001, according to the FDIC. So what exactly causes a bank to fail? And what implications does it have on the U.S. economy?

Chapters: 00:00 — Introduction 01:41 — Chapter 1 05:28 — Chapter 2 08:55 — Chapter 3

Rent Inflation: The Rise Of New ‘Luxury’ Apartments

CNBC (April 2, 2023) – An apartment building boom is unfolding in cities across the U.S. Many of the new units come with “luxury” amenities, like pools and fast-access to transportation. Experts say the uptick in supply is welcome news, but won’t ease rent inflation anytime soon.

Chapters: 0:00 — Introduction 1:09 — Chapter 1: “Luxury” 5:42 — Chapter 2: Policy 9:55 — Chapter 3: Increasing supply

As a result, many cities remain stuck in a price-elevating housing shortage. Washington lawmakers are now scrutinizing regulations that slow the pace of homebuilding, in an attempt to slow rent inflation.

American Economy: The $2 Trillion Green Stimulus

The Economist (March 2, 2023) – America is spending trillions of dollars in an effort to make the country stronger, greener and richer. These are the three key things you need to know about the plan and its chances of success.

Video timeline: 00:00 – A new green America 00:30 – Democrats are being ambitious 01:14 – Manufacturing will move to America 01:53 – Planning could be a stumbling block

To read more about Biden’s plans to remake America’s economy: https://econ.st/3IEGNiP

Movie Industry Profiles: Peris Costumes In Madrid

Monocle Films (February 20, 2023) – Peris Costumes is the world’s largest company dedicated to selling and renting costumes for film, stocking more than 10 million garments. Monocle took a peek behind the scenes of its Madrid-based HQ to meet its artisans and see how the industry is booming, thanks to the rise of streaming platforms.

Fashion: The High Cost Of Handmade Bespoke Shoes

Insider Business (February 4, 2023) – Handmade bespoke dress shoes take months to make. Shoemakers transform rough measurements of a customer’s feet into a one-of-a-kind shoe. One pair can cost over £5,000.

London has been a hub for shoemaking for centuries, and while the industry has shrunk over time, an increase in demand from Japan and the US has helped to reignite interest in this craft. So, why would someone buy bespoke dress shoes? And what makes them so expensive?

World Economic Forum: Top Stories – Feb 3, 2023

World Economic Forum (February 3, 2023) – This week’s top stories include:

  • 0:15 This AI robot is revolutionizing farming – The robot can identify weeds and crops at rate of 20 plants a second. The robot then delivers either weedkiller or fertilizer directly to individual plants to an accuracy of within 1mm. It can treat up to 500,000 plants per hour. The robot was invented by US firm Verdant Robotics.
  • 1:24 This company cancelled all internal meetings – In January, e-commerce platform Shopify cancelled all regular meetings with 3 people or more and imposed a 2-week window before staff could schedule anything new. It also permanently banned meetings on Wednesdays and limited large meetings to a strict window on Thursdays. More organizations are trying a ‘meeting reset’, from Dropbox to Asana and Zapier. But why – and could your organization try it too?
  • 3:00 How to build a thriving workplace – Businesses often ask staff why they resign. So why not ask why they’re joining or staying? “Why would you wait until people have already committed to walk out the door to say, ‘If only I had a time machine, I would go back to the past and convince you to stay’? What I would much rather see employers do are entry interviews and stay interviews. Entry interview is just asking the same questions you would normally pose at exit at the beginning of the employment relationship: Why are you here? What are you hoping to learn? Right. What are some of the best projects you’ve worked on? Tell me about the worst boss you’ve ever had so we can try to emulate the good and avoid the bad.”
  • 5:22 ChatGPT is already being used for scientific research – ChatGPT launched to the public in November 2022. It gives in-depth, natural language answers to prompts, based on what it has learned from a huge database of books and articles. People have been using ChatGPT to perform an impressive range of tasks, from writing university-level essays to debugging code and filling in job applications. It has written fake scientific reports that have fooled scientists and has even been used to write a children’s book.

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

Opinion: Disney Turns 100, A Dictator In Turkey, How The Young Spend Money

The Economist ‘Editor’s Picks’ (January 23, 2023) A selection of three essential articles read aloud from the latest issue of The Economist. This week, Disney’s second century, Turkey’s looming dictatorship (10:25) and how young people spend their money (17:35).