Category Archives: Economics

Previews: The Economist Magazine- January 28, 2023

The Economist Magazine- January 28, 2023 issue:

The humbling of Goldman Sachs

The struggle to reinvent a firm trapped by its own mythology

China is trying to win over Westerners and private firms

But Xi Jinping is unlikely to change

What makes Germany’s Leopard 2 tank the best fit for Ukraine?

It is easier to run than America’s Abrams—and in plentiful supply in Europe

Previews: The Economist Magazine- January 21, 2023

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The Economist – January 21, 2023 issue:

Turkey could be on the brink of dictatorship

President Erdogan could tip his country over the edge

Disney’s troubles show how technology has changed the business of culture

At 100, the mouse can still roar. But it faces a new kind of rival

Excess deaths are soaring as health-care systems wobble

What lessons can be learned from a miserable winter across the rich world?

World Economic Forum: Top Stories – Jan 6, 2023

World Economic Forum – Top Stories (01/06/23):

0:15 Global Recession 2023 – Kristalina Georgieva, the IMF’s Managing Director, says 2023 will be ‘a difficult year for the world’. The European economy has been severely affected by Russia’s war in Ukraine. Half of the EU will go into recession in 2023, Georgieva says. While for the first time in 40 years, growth in China – the world’s second-largest economy – is not likely to exceed global growth.

2:02 Japan’s worldbeating health system – For more than 50 years, Japan has offered healthcare without restrictions to anyone living in the country for 3 months or more whether or not they are Japanese. Payments are decided on a sliding scale depending on age, residence and income status.

3:26 These pipebots stop water leaks – The tiny bots patrol the inside of pipes. They’re small enough to avoid blocking the pipes and are fitted with sensors, cameras and a microphone. They take pictures and listen to the pipe to detect any faults and weaknesses before these develop into leaks.

4:48 Ukraine uploads their treasures to the cloud – Volunteers use the Backup Ukraine app to scan cultural artifacts – from statues and paintings to buildings, mosaics, and monuments – to preserve the country’s heritage and history from Russian theft, vandalism, and bombing. Backup Ukraine turns these symbols of Ukrainian culture into 3D models, which take their place in a digital archive, safe from Russian attacks.

As of 12 December 2022, UNESCO had verified damage to 227 cultural sites in Ukraine. Russian troops had removed the bones of Prince Potemkin from Kherson, stolen priceless relics of the Scythian Empire, and allegedly stripped thousands of pieces of art from local museums. Backup Ukraine is a collaboration between UNESCO, Blue ShieldDenmark, and the media group Virtue. Watch to learn how Ukrainian culture is being impacted. _____________________________________________

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.

Previews: The Economist Magazine – Dec 23-30, 2022

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The Economist Magazine (December 23 – 30, 2022) issue:

Our country of the year for 2022 can only be Ukraine

For the heroism of its people, and for standing up to a bully

What 2022 meant for the world

Some years bring disorder, others a resolution. This one asked questions

Elon Musk’s $44bn education on free speech

He has had a crash course in the trade-offs in protecting free expression

Rail Transport: Chicago’s Vulnerability To Strikes

Wall Street Journal (December 19, 2022) – In recent years, the city’s railyards have seen severe bottlenecks as the supply chain choked up nationally. With $3 trillion in goods traveling through Chicago every year, the city is the busiest rail hub in the U.S. WSJ breaks down how important rail is to the region, and how vulnerable the system is to a work stoppage like a strike.

Illustration: Adele Morgan

Preview: The Economist Magazine – Dec 17, 2022

All weekly editions | The Economist

The Economist – December 17, 2022 issue:

A looming Russian offensive

Ukraine’s chiefs, in an unprecedented series of briefings, tell The Economist about the critical months that lie ahead

What China can still do to avoid an enormous covid death toll

It must treat hospitals as a precious resource and start stockpiling drugs

Why are the rich world’s politicians giving up on economic growth?

Even when they say they want more prosperity, they act as if they don’t

Analysis: ‘Made In America’ Is Changing In 2022 (FT)

Financial Times – The FT’s global business columnist Rana Foroohar looks at why the US should bring manufacturing jobs back home. In the second of three films based on her new book, ‘Homecoming: the path to prosperity in a post-global world’, she follows the all-American supply chain of clothing company American Giant, to see how it impacts jobs, businesses and communities

Video timeline: 00:00 Made in America, Again 01:20 An all-American supply chain starts here 03:17 What went wrong with globalization? 07:00 The cotton gin – a risky business 09:53 Automation at a high-tech mill 13:16 Why manufacturing is important 19:59 The family-run finishing factory 23:21 Worker innovation at the sewing factory 27:33 Education, training and community 29:07 A moment for change?

Previews: The Economist Magazine – Oct 29, 2022

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Rishi Sunak’s promise of stability is a low bar for Britain

Reasons to be cheerful are scant

Will Iran’s women win?

Their uprising could be the beginning of the end of Iran’s theocracy

India’s next green revolution

The country’s clean-energy push shows a way to escape the coal addiction

Previews: The Economist Magazine – Oct 22, 2022

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Welcome to Britaly

A country of political instability, low growth and subordination to the bond markets

In 2012 liz truss and Kwasi Kwarteng, two of the authors of a pamphlet called “Britannia Unchained”, used Italy as a warning. Bloated public services, low growth, poor productivity: the problems of Italy and other southern European countries were also present in Britain. Ten years later, in their botched attempt to forge a different path, Ms Truss and Mr Kwarteng have helped make the comparison inescapable. Britain is still blighted by disappointing growth and regional inequality. But it is also hobbled by chronic political instability and under the thumb of the bond markets. Welcome to Britaly.

Rising Inflation: The Shelter Index Explained

Changes in the housing market are often delayed in inflation data, which can make things difficult for the Fed. Housing is one of the most weighted categories when tracking inflation, but it’s also one of the most complicated to measure. WSJ’s David Harrison explains how the shelter index is calculated, and why it can muddy the inflation outlook for the Fed. Illustration: Laura Kammermann