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Global economy to see ‘steady’ growth of three per cent in 2019 despite risks, says UN -










“Today capitalism has outlived its usefulness. It has brought about a system that takes necessities from the masses to give luxuries to the classes." Dr. Martin Luther King Jr.




suggests lowering lending standards to boost the . I wonder why they would come up with this idea. Could it be that their book is slowing as borrowers are assessed properly.




Signals: The Future of The Nudge - and consumer technologies hold the promise to create greater independence for us all, including the rapidly growing aging population and people with disabilities




Not All Is Well In , As It Tackles Massive Leverage In The System An Slowly & A Trade War No Closer To Ending - Blain: "China Is Juggling Half A Dozen Flaming Hand Grenades While Walking On A High Wire"




The Which In The Past Has Been Just As Terrible As The For Forecasts Appears Is Trying To Actually Warn Ahead Of Time Slashes Global Forecast To 3 Year Low



















IMF prediction for US GDP growth for 2019 and 2020: 2.5% and 1.8% respectively And Trump blamed Obama for never breaking the magic 3% threshold




Blockchain could allow a borderless . Prof. , , Paul Allen and Bryan Curtis discuss the latest developments in , explaining why scalability has been such an issue. :



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3 weeks until The ' ultimate industry conference will explore the changed role of the events industry and the impact it’s having on the , from 7-8 February, at the Sheraton Grand Sydney Hyde Park.



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Why Did Walmart Fail In Brazil?

Walmart operates more than 11,000 locations across 27 countries. In June 2018, Walmart sold 80 percent of its stake in Brazil, a country where it once had 558 storefronts at its peak. Watch this video to find out why the American retailer had to pull back from the Brazilian market.

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DINNER FOR FEW

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ON CONTACT
Published on Jan 12, 2019

ON CONTACT: AMERICAN ANOMIE

Societies are held together by a web of social bonds that give individuals a sense of being part of a collective and engaged in a project larger than the self.  The shattering of these bonds plunges individuals into deep psychological distress that leads ultimately to acts of self-annihilation, according to sociologist Emile Durkheim. Few reporters have examined this anomie better than Charlie LeDuff, first in his  book Detroit, and now in his latest book Shitshow: The Country’s Collapsing and the Ratings Are Great. LeDuff joins Chris Hedges in the studio.

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New Economic Thinking
Published on Jan 9, 2019

The New Feudalism

Mark Zuckerberg and Jeff Bezos the new feudal elite?

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Markets Eye Shutdown - $SPY A month from now Americans won’t care how it started. They’ll blame both sides of the aisle

On the coldest day of the year David joins Fox Business anchor Cheryl Casone to discuss the Shutdown and market reaction.

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Talks at Google
Published on Oct 19, 2018

Anand Giridharadas: “Winners Take All: The Elite Charade of Changing the World” | Talks at Google

Anand Giridharadas, MSNBC analyst and Aspen Institute fellow, discusses his new book, “Winners Take All,” which explores the philanthropic practices of the global elite and argues that they reinforce social inequities rather than ameliorate them. 

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The Majority Report w/ Sam Seder
Published on Jan 19, 2019

Guest DESTROYS Bloomberg Panel On The American Dream Lie

Anand Giridharadas just dropped some deep knowledge on a Bloomberg panel. Michael Brooks and the Majority Report crew discuss this. 

UK bosses are hiring despite fears of slowdown in growth
Your odds of getting hired this year could be pretty good. Photo: REX/Shutterstock

Most UK business leaders plan to hire more staff despite a sharp rise in pessimism about the global economy, new figures show.

The auditing firm PricewaterhouseCoopers (PwC) has published its annual survey of 1,278 chief executives across 91 countries.

The data shows 61% of UK business leaders intend to increase headcount this year – a 7% rise on last year, and significantly higher than the figure for CEOs worldwide (53%).

This intention to step up recruitment is most likely driven by skill shortages, according to PwC, as an overwhelming 79% of UK CEOs said the availability of skills is now their top business concern.

READ MORE: No-deal Brexit biggest risk to Britain’s economy

Cyber-security is an equally big concern, with 79% of British business leaders also citing it as a threat to business in 2019. Trade conflicts, policy uncertainty and protectionism replaced terrorism, climate change and increasing tax burden in the top 10 list of threats for chief executives globally.

CEOs appear optimistic about business growth over the next 12 months.

82% of those in the UK said they are confident in their revenue prospects up until 2022, in line with global responses. However, this is a fall of 6% on last year’s figures.

PwC’s data shows a similar dip in confidence over revenue prospects for the next three years, with 90% of CEOs feeling optimistic in 2019, compared with 96% in 2018.

Despite this confidence, UK business leaders feel less positive about global economic growth in the upcoming year. The number who said they expect a decline almost tripled from 12% in 2018 to 35% in 2019. The jump in pessimism is even worse for CEOs globally, rising from just 5% last year to 30% this year.

READ MORE: France could overtake UK as world’s sixth biggest economy

Global business leaders are slightly more optimistic about the global economy than UK CEOs on the whole though.

Just a third (33%) of business chiefs in the UK predicted global growth, compared with 42% of their counterparts worldwide. Another third (33%) of those in the UK said they expect the economy to remain the same, compared with 28% globally.

Kevin Ellis, chairman and senior partner of PwC, said: “Uncertainty is at the forefront of UK CEOs minds, but they know regardless of market conditions, there are always opportunities for growth.

“By investing that talent, technology and developing new business models, companies can adapt and innovate to thrive. CEO confidence on hiring is a very positive sign.”

“There is a global race for capital taking place and with non-US growth slowing, voters are unhappy. Politicians will need to deliver growth in 2019.”

James Freeman, at The Wall Street Journal, writes about the “neighbor envy” around the world:

“This column does not know if the American Psychological Association has rigorously analyzed the phenomenon of neighbor envy. It seems to be associated with a healthy desire to attain the same freedom and opportunity currently enjoyed by both masculine and feminine Americans.

Many journalists of both genders may find it shocking to imagine that a signature policy of the current U.S. administration could be embraced rather than shunned in foreign capitals. But even the old-fashioned communist now running the Chinese government seems driven to consider the need to compete. Michael Smith writes today in the Australian Financial Review:

‘China has put private sector tax cuts at the frontline of president Xi Jinping’s battle to combat a slowdown in the world’s second-largest economy with a package of rebates for millions of small companies economists say is worth 2 trillion yuan ($410 billion)… China also outlined tax rebates targeting the manufacturing sector and higher tax deductions for research and development spending by companies.

… Mr Xi flagged tax cuts and financial aid for struggling private companies in November after telling a group of the country’s top entrepreneurs worried that the ruling Communist Party was abandoning capitalism in favour of more government control over private companies and advantages for state-run enterprises.’”

Move along.  Nothing to see here.

nytimes.com
Shutdown’s Economic Damage Starts to Pile Up, Threatening an End to Growth

The partial government shutdown is inflicting far greater damage on the United States economy than previously estimated, the White House acknowledged on Tuesday, as President Trump’s economists doubled projections of how much economic growth is being lost each week…

The revised estimates from the Council of Economic Advisers show that the shutdown, now in its fourth week, is beginning to have real economic consequences. The analysis, and other projections from outside the White House, suggests that the shutdown has already weighed significantly on growth and could ultimately push the United States economy into a contraction.