Futurist Foresight
The burden the economic crisis has place on young Greeks.
Greece’s February unemployment for young persons rose to 64 percent in February. In the early stage of their working lives, unemployed youths are limited by a recession which will take years to recover from. The average unemployment in Greece, of all ages, is around 27 percent.
What would you do?
Photo: REUTERS/John Kolesidis
Shocking figures show just how much of a knock the US economy has taken over the years. Lets hope the recovery doesn´t take too long.
“It’s incredible that nationally, more than 33,000 food stamp users have PhD or JD degrees, according to the Sacramento Bee March 30, 2013 article by Elaine Corn, an award-winning cookbook author and former newspaper food editor. She reports about food for Capital Public Radio, 90.9 FM in Sacramento.” - By: Anne Hart
More than 33,000 food stamp recipients hold accredited PhD or JD degrees in USA
Full Story: The Examiner
A look at technological unemployment.
See on Scoop.it - Concentration of Wealth == Existential Risk
Government shouldn’t try to stop machines, whether robots or algorithms, from replacing workers. That doesn’t mean policymakers, however, don’t have a role to play. The Financial …
And the Euro Crisis deepens. Just the first paragraph from the article below:
“THE threat of the euro’s collapse has abated for the moment, but putting the single currency right will involve years of pain. The pressure for reform and budget cuts is fiercest in Greece, Portugal, Spain and Italy, which all saw mass strikes and clashes with police this week (see article). But ahead looms a bigger problem that could dwarf any of these: France.”
Tomorrow’s cover today: why France could become the biggest danger to Europe’s single currency.
A look at the BRIC countries - Brazil, China, India and the Russian Federation. (South Africa was never included in the original definition, though is currently).
Jim O’Neill, global economist at Goldman Sachs, coined the term BRIC countries in 2001 and argued that the economic potentials of the emerging markets of Brazil, Russia, India, and China are immense in the decades to come. These countries cover 25 percent of the world’s land mass, 40 percent of the world’s population, and are increasingly run as global market economies.
Between 2002 and 2007, annual GDP growth averaged 3.7 percent in Brazil, 6.9 percent in Russia, 7.9 percent in India, and 10.4 percent in China. Popular predictions have the combined economies of the four BRIC countries outstripping that of the G7 countries (Canada, France, Germany, Italy, Japan, UK, and the U.S.) within the next couple of decades.
Less Impacted by an Economic Downturn . The four BRIC countries will also be less impacted by a global economic downturn. It is true that demand for products from Brazil and China will be weaker, that India’s service sector could suffer, and that Russia’s heavy reliance on the hydrocarbon sector will potentially bit hit by falling energy prices. But the positives in these economies far outweigh the negatives. For example, the BRIC countries have large surpluses in international trade as well as reserves in foreign currency that create a buffer in economic downturns.
The BRIC countries’ governments are likely to use the reserves to increase spending which should result in increased consumer confidence and demand. In fact, an economic crisis globally is likely to remove potential inflation problems in the BRIC countries. The result is easing of interest rates and even more economic growth.
View this infographic with some BRIC´s basic indicators
Fuente: THE BRIC COUNTRIES By Tomas Hult /World trade organization
Economics: World GDP is back on track.
Daily chart
The Economist online, economist.comWhat crisis?
Growth in income per person is back to pre-crisis levels
DEVELOPING economies account for almost all of global growth in GDP per person, according to the IMF. In 2011 they contributed some 80%, as advanced economies…
(via emergentfutures)
AI: Robot traders took 4% of trading activity last week
A single mysterious computer program that placed orders — and then subsequently canceled them — made up 4 percent of all quote traffic in the U.S. stock market last week, according to the top tracker of high-frequency trading activity.
The motive of the algorithm is still unclear, CNBC reports.
The program placed orders in 25-millisecond bursts involving about 500 stocks, according to Nanex, a market data firm. The algorithm never executed a single trade, and it abruptly ended at about 10:30 a.m. ET Friday.
Generic high frequency rrading chart (credit: Nanex)
Economics: IMF warns of long road ahead to economic recovery
No recovery until 2018, IMF warns
Fund’s chief economist Olivier Blanchard says global economy will take a decade to recover from the financial crisis
Full Story: The Guardian
futuramb: What does he really mean with recovery? In the article the writer use the words “back in decent shape”…
A little amusement. This clip - A Very European Break Up (by econfilmstv) looks at Germany, Greece and the Euro Crisis as if they are a couple.
APEC: A look at the APEC member states economies.
APEC Summit – graphic of the day
The euro zone crisis and role that emerging economies in Asia can play in boosting the global economy is the main focus of the regional meeting of Asia-Pacific finance officials happening this week. Today’s graphic lists the population, GDP, imports, exports and more for APEC member economies.
