A selection of three essential articles read aloud from the latest issue of The Economist. This week, how to think about the threat to American democracy, which economies have done best and worst during the pandemic (10:33) and whether video games really are addictive (17:34).
Tag Archives: Analysis
Cities: Why Los Angeles Traffic Is So Bad (CNBC)
Los Angeles consistently ranks among the most traffic-clogged cities in America. The county has been trying to reduce its traffic for decades and nothing has worked. Many researchers and economists suggest charging people for using the road in a system called congestion pricing
Technology: The Rise Of Robotic Working Dogs
A number of four-legged robot dogs made by companies like Boston Dynamics, Anybotics and Ghost Robotics have been deployed in the workforce already for applications like inspections, security and public safety among others. At their core, these four-legged robots are mobility platforms that can be equipped with different payloads depending on the type of information that companies want to gather.
Experts predict the insurance industry alone will spend $1.7 billion on robotics systems in 2025. And other industries may follow suit. Amid the pandemic, a tight job market is forcing many companies to turn to automation. A survey done in December of 2020 by McKinsey, showed that 51 percent of respondents in North America and Europe said they had increased investment in new technologies during 2020, not including remote-work technologies.
Analysis: Best Ways To Produce Green Energy
Fossil fuels still supply about 80% of the world’s power. How can energy be produced and used more sustainably to meet climate targets? We answer your questions. film supported by @Infosys
Timeline: 00:00 – Why energy needs to become more sustainable 00:33 – How much energy should come from renewables? 01:19 – Why isn’t nuclear power used more widely? 02:19 – How can solar power be made more efficient? 03:34 – Will biofuels become widely used? 04:30 – Do electric vehicles make a difference? 05:10 – How heating and air conditioning can be more sustainable
Politics: The New Normal Has Arrived, Metaverse Lords, Future Of Europe
A selection of three essential articles read aloud from the Christmas double issue of The Economist. This week: has the new normal already arrived? Plus, meet the lords of the metaverse (10:10) and, a century apart, two men with very different dreams contend for Europe’s future (17:50).
Previews: The Economist Magazine – December 18
Inside Views: The Journey Of A Shipping Container
The global pandemic triggered sky-high spending on manufactured goods. This increased spending created a huge bottleneck in the supply chain that could last for years. WIRED takes a look at the journey of a single shipping container; and with the help of supply chain analyst Lora Cecere, breaks down all the roadblocks a shipping container will encounter in 2021 and beyond.
Analysis: Federal Reserve Tapering Explained (WSJ)
The Federal Reserve says it will accelerate the wind-down of its bond-buying program, the biggest step the central bank has taken in reversing its pandemic-era stimulus. Here’s how tapering works, and why it sends markets on edge. Photo illustration: Adele Morgan/WSJ
Housing: Why Rents Are Rising In The U.S. (CNBC)
Fresh numbers from the fall of 2021 suggest that rents will increase at a rapid pace in the coming years. That’s a problem for Americans; many spend 30% or more of their income on rent. A decade-long slowdown in house building is coming to a close, which could help renters.
But the new developments in construction are generally for high-end and luxury apartment units. Experts say the market conditions are pushing people further away from their jobs and weighing on the economy writ large. Market indicators suggest that rent hikes are coming in 2022.
Average rents for a one-bedroom apartment in the booming suburbs of Phoenix, Arizona, have more than doubled year over year, according to data from Apartment Guide. Meanwhile, rents in Manhattan have reached fresh records as life returns to the cities, according to Zumper.
The problems aren’t confined to the usual suspects, however. Rents for single-family homes across the country jumped more than 9% on average in August 2021 from the prior year, according to a report from the analytics firm CoreLogic.
Rents are moving fastest in the buzzy enclaves across the South and West. For Maria Arredondo, a teacher based in Austin, Texas, a sudden rent hike of nearly $400 forced her to make a move. “If I had signed the lease … it would be taking a lot of my savings. And so I decided to move to a new building, losing about 150 square feet,” she told CNBC. Mark Zandi of Moody’s Analytics said the strains on the housing construction market were building well before the pandemic took hold in the states.
“There’s a lot of evidence that the lack of housing closer to where the demand is and urban cores is having a meaningful negative consequence on long-term economic growth.“ Generous monetary and fiscal policies have juiced demand for goods and services coming out of the pandemic. All that extra money sloshing around the economy is bubbling up into the rent. The fresh demand is giving investors a reason to jump into the market.
Experts say that’s boosting desperately needed supply. But there’s a catch: The homes being built are priced into the high end of the market. As a result, the evidence suggests that renters will be paying more for shelter this decade.
Analysis: How Cadillac And Lincoln Lost Their American Luxury Status
Lincoln and Cadillac were once two aspirational car brands for American consumers. They slowly lost their dominance and prestige to imports. Now they are trying once again to reinvent themselves by reaching into their histories, playing to their strengths, and pushing forward with cutting edge technology.
Boomers Daily 