557 posts tagged with economy.
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High earners in France consider moving in response to 75% tax

“We’re getting a lot of calls from high earners who are asking whether they should get out of France,” said Mr. Grandil... “Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.” French president François Hollande's plan to tax income above a million euros ($1.24 million) a year at 75% is alarming some.
posted by shivohum on Aug 8, 2012 - 259 comments

The Cheesecake Factory as a model for the American health care system

A new model for the American health care system: The Cheesecake Factory
posted by Egg Shen on Aug 6, 2012 - 96 comments

"Man is made for something better than distributing dirt."

"It's the 21ist century--why are we working so much?" In which Owen Hatherley exhumes the humiliated, expired idea that the reduction of work is a worthwhile goal. "If there's one thing practically all futurologists once agreed on, it's that in the 21st century there would be a lot less work. What would they have thought, if they had known that in 2012, the 9-5 working day had in the UK become something more like 7am to 7pm? They would surely have looked around and seen technology take over in many professions which previously needed heavy manpower, they would have looked at the increase in automation and mass production, and wondered – why are they spending 12 hours a day on menial tasks?" [more inside]
posted by byanyothername on Jul 10, 2012 - 106 comments

The law school scam as a cognitive bias

Discover Magazine posted a couple of blog entries about the law school scam as a cognitive bias and why law school tuition isn't more dispersed.
posted by reenum on Jul 6, 2012 - 52 comments

Assertion that all young people think they are special snowflakes.

Vagenda Magazine sums up every article about graduate unemployment.
posted by mippy on Jul 2, 2012 - 62 comments

Computer says No

For the past 4 days, up to 12 million NatWest / Royal Bank of Scotland customers have been unable to pay bills, move money or get paid due to a technical problem. Customers have been unable to complete on house purchases and some are stuck because they can't pay hotel bills abroad. The new mobile banking service has also been affected. The bank has called in 7,000 staff to open all weekend as problems persist.
Just three months ago, the State-controlled bank outsourced nearly 300 back-office roles to Hyderabad in India.
posted by Lanark on Jun 23, 2012 - 71 comments

The Economic History of the Last 2,000 Years in 1 Little Graph

GDP since Jesus. That headline is a big promise. But here it is: The economic history of the world going back to Year 1 showing the major powers' share of world GDP, from a research letter written by Michael Cembalest, chairman of market and investment strategy at JP Morgan. everything to the left of 1800 is an approximation of population distribution around the world and everything to the right of 1800 is a demonstration of productivity divergences around the world. [more inside]
posted by Golden Eternity on Jun 22, 2012 - 79 comments

Decision time for China

"Dwarfing even the $2 trillion borrowed for the Railway Ministry’s high-speed networks since 2008, and the thousands of kilometres of 4–6 lane toll roads with barely a vehicle on them, China’s building binge is the most striking example of what Prime Minister Wen Jiabao famously, but impotently, denounced in 2007 as the country’s “unbalanced, unstable, uncoordinated and unsustainable” model of economic development. Now, with house prices and sales sagging in response to government restrictions aimed at deflating history’s biggest ever property bubble, and with local governments as deep in bad debt as the developers, I asked the businessman what was to prevent the bubble actually bursting, in a spectacular financial explosion? "
posted by vidur on Jun 21, 2012 - 46 comments

Valve Economics: the challenges of virtual economies at Valve

“I’m the president of a videogame company (www.valvesoftware.com).” I thought to myself: Oh, not another “business proposal” from a crackpot… However, something in my head stopped my finger from pressing DEL while my eyes pondered the next line: “We are running into a bunch of problems as we scale up our virtual economies, and as we link economies together. Would you be interested in consulting with us?”
Valve has hired economist Yanis Varoufakis to work on their virtual economies. Valve Economics is Varoufakis's recently launched blog where he explains his background and how he came to work at Valve. [more inside]
posted by Foci for Analysis on Jun 14, 2012 - 56 comments

Why is the US losing technology jobs?

The US has lost a quarter of its high-tech jobs since 2000, the number declining by 687,000. A veteran headhunter opines on the causes: The technical jobs in Silicon Valley are hard to fill with Americans...I get email every day from new grads, asking for help finding jobs, but honestly, most are Indian or Chinese, not many Americans. He cites a NYT article which claims that the reason iPhone manufacturing doesn't happen in the US is that Apple’s executives believe the vast scale of overseas factories as well as the flexibility, diligence and industrial skills of foreign workers have so outpaced their American counterparts that “Made in the U.S.A.” is no longer a viable option for most Apple products.
posted by shivohum on Jun 2, 2012 - 107 comments

10 Faces Behind The Incredible Law School Underemployment Crisis

10 Faces Behind The Incredible Law School Underemployment Crisis
posted by reenum on Jun 1, 2012 - 32 comments

Mugabenomics!

Wealth Redistribution, Zimbabwe Style...
posted by Renoroc on May 20, 2012 - 19 comments

TED: Yes to "Drying your Hands," No to "Income Inequality."

"I can say with confidence that rich people don't create jobs, nor do businesses, large or small," said über-rich venture capitalist Nick Hanauer in a March 1st TEDx talk, which TED is refusing to put on its website. [more inside]
posted by blazingunicorn on May 16, 2012 - 98 comments

In Canada, Alternate Currency Keeps Traction With Fans

Canadian Tire Company coupons, thought of by some as an alternative Canadian currency, may be on the way out. [more inside]
posted by reenum on May 14, 2012 - 63 comments

"It All Turns On Affection"

Last night, author and farmer Wendell Berry delivered a powerful lecture [video; full text here includes portions not delivered verbally] to a full house on the occasion of his accepting the National Endowment of the Humanities' Jefferson Award. The famous PC holdout has appeared previously in the blue, but this lecture is not to be missed. Here is soul nourishment for the long-time Berry follower, and for the newcomer a superb introduction to one of our time's greatest intellects. [more inside]
posted by maniabug on Apr 25, 2012 - 27 comments

"If you have your checkbook in your car I will be happy to wait for you."

Hospitals in Minnesota have hired a collections company that plants its employees in the ER, squeezing money out of patients before they can get further care.
posted by reenum on Apr 24, 2012 - 67 comments

Parting is such sweet sorrow...

"The world's most important story" – A decade of environmental journalism in China, by Guardian environment reporter Jonathan Watts.
posted by nickrussell on Apr 20, 2012 - 3 comments

Get Rid of Employment and Education Directive

A modest proposal to get rid of income inequality in America: just give every household a $10 million dollar loan.
posted by falameufilho on Apr 13, 2012 - 129 comments

Student Loans on Rise -- for Kindergarten

Student loan debt is now extending to K-12 private educations, fueled by parents who believe getting their children into the "right" primary school is essential to future success.
posted by reenum on Apr 7, 2012 - 113 comments

Time To Corner The Market On Passenger Jet Wing Assemblies!

Economies of Scale is a free, web-based multiplayer business/commerce simulation game under development by Scott Rubyton (aka Ratan Joyce). Players use starting capital to build production/wholesale/retail businesses from the ground up in a basic economic model, competing for market share while collaborating through business-to-business trading of goods and materials. It's more fun than getting an MBA! Also much less expensive. [more inside]
posted by cortex on Apr 3, 2012 - 60 comments

The Enduring Consequences of Unemployment

The Enduring Consequences of Unemployment. It is perhaps no surprise that "....workers who lost jobs during the recession of the early 1980s were making 20 percent less than their peers two decades later." Or that unemployment is also bad for your health.... "lA worker laid off at age 40 could expect to die at least a year sooner than his peers." What frames the issue starkly though is that unemployed people gradually lost the ability to read. [more inside]
posted by storybored on Mar 29, 2012 - 83 comments

The Iced Coffee Economy

Why iced coffee costs so much more than the hot stuff.
posted by reenum on Mar 23, 2012 - 82 comments

In a sympathetic biochemical photo-reactive process, the Biosphere has altered the litho-sphere into the pedosphere, the cryo-sphere, the hydrosphere and the atmosphere*

The Loess Plateau in China’s Northwest is home to more than 50 million people. Centuries of overuse led to one of the highest erosion rates in the world and widespread poverty. Two projects (results) set out to restore the Loess Plateau. [more inside]
posted by infinite intimation on Mar 22, 2012 - 7 comments

Pop! Goes the Law School Bubble

With the number of LSAT test takers in sharp decline, has the law school tuition bubble finally burst?
posted by reenum on Mar 20, 2012 - 79 comments

Oops, I may have added a few zeroes

“I bought into this idea for a long time that it was superior labor productivity that caused most manufacturing job losses,” said Rob Atkinson, of Information Technology and Innovation Foundation, a nonpartisan think tank. “Then I began to dig into the numbers.” An upcoming report argues that the price savings that U.S. factories have realized from outsourcing have incorrectly shown up as gains in U.S. output and productivity. This bias may have accounted for as much as half of the growth of U.S. manufacturing output from 1997 to 2007. (sl Wash. Post link to print version so everyone can read it.)
posted by Benny Andajetz on Mar 19, 2012 - 27 comments

Life on the Breadline

Welcome to the world of Britain's working poor. The Rowleys belong to a section of society not much mentioned in ministerial and media dispatches. They are neither the very wealthy affected by the 50p tax nor the "squeezed middle" expressing anxiety about child benefit and this week's budget; nor are the Rowleys representative of the long-term unemployed or one of the 120,000 "troubled families" in which the government is investing £448m over the next three years. [more inside]
posted by modernnomad on Mar 18, 2012 - 105 comments

The Sugar Daddy Recession

The bad economy has forced some women into arrangements with less than ideal men.
posted by reenum on Mar 13, 2012 - 54 comments

Thanks, Housing Collapse!

14 Year Old Buys House in Florida Meet Willow Tufano, age 14: Lady Gaga fan, animal lover, landlord. [more inside]
posted by modernnomad on Mar 9, 2012 - 102 comments

Don't take it personally

"I Was a Warehouse Wage Slave: My brief, backbreaking, rage-inducing, low-paying, dildo-packing time inside the online-shipping machine"
posted by vidur on Feb 27, 2012 - 242 comments

In a Mailbox: A Shared Gun, Just for the Asking

With a tough economy and less money to go around, gang members in New York City are resorting to sharing guns hidden in easily accessible places.
posted by reenum on Feb 18, 2012 - 53 comments

The End of the Free Market?

We're All State Capitalists Now 'No, according to some commentators, the contest between the two Asian superpowers is also fundamentally a contest between economic models: market capitalism vs. state capitalism.' [more inside]
posted by the man of twists and turns on Feb 10, 2012 - 29 comments

Sacred Economics and Beyond

"It’s a very ancient idea that the universe runs by the principles of the gift...in fact the purpose for our existence, the reason why we’re here, is to give." Writer Charles Eisenstein speaks on his book Sacred Economics: Money, Gift, and Society in the Age of Transition.
posted by velvet winter on Feb 7, 2012 - 41 comments

In Distrust Of Movements

Twelve years before Occupy Wall Street Wendell Berry imagined something like it. [more inside]
posted by eustacescrubb on Feb 4, 2012 - 53 comments

Desperate Times in Xiaogang Village

The Secret Document That Transformed China. Planet Money story about Xiaogang village in China that was hungry and desperate in 1978, and how the risk the farmers took ended up influencing the transformation of China.
posted by Eekacat on Jan 21, 2012 - 4 comments

15 Million Merits

Are you encourages in your place of work by the use of gamification? Congratulations, comrade, you are treading in the footsteps of Soviet Russia!
posted by Artw on Dec 28, 2011 - 50 comments

Life After Capitalism

One thing we can be certain of is that capitalism will end. Maybe not soon, but probably before too long; humanity has never before managed to craft an eternal social system, after all, and capitalism is a notably more precarious and volatile order than most of those that preceded it. The question, then, is what will come next.
posted by The Whelk on Dec 24, 2011 - 85 comments

Down But Not Out

With the recent news that unemployment applications are at their lowest levels since 2008, Congressional Republicans are attempting to curtail unemployment benefits. Democrats want to extend benefits for another year. This has led to an impasse. [more inside]
posted by reenum on Dec 22, 2011 - 64 comments

I'm gonna sing the Doom song now

China's economy poised to join the rest of us in the toilet. I certainly hope one of you smart people can prove this article wrong.
posted by coriolisdave on Dec 15, 2011 - 84 comments

Mark Carney on the difficulties of deleveraging

Mark Carney: the man who speaks the truth. Toronto Globe and Mail columnist Jeffrey Simpson recommends a recent speech by Bank of Canada head Mark Carney. "Most fundamentally, current events mark a rupture. Advanced economies have steadily increased leverage [i.e. debt] for decades. That era is now decisively over. The direction may be clear, but the magnitude and abruptness of the process are not. It could be long and orderly or it could be sharp and chaotic. How we manage it will do much to determine our relative prosperity." [more inside]
posted by russilwvong on Dec 15, 2011 - 10 comments

BUY MORE STUFF. CONSUME. OBEY.

The Light Bulb Conspiracy is a documentary about disposable printers, light bulbs and everything else, investigating the implications of the business model and industrial design philosophy of Planned Obsolescence that drives and shapes our economy.
posted by loquacious on Dec 10, 2011 - 43 comments

Australian Exceptionalism

Australian Exceptionalism "Let that phrase roll off your tongue... now stop laughing if you can." [more inside]
posted by modernnomad on Dec 8, 2011 - 61 comments

The Crash Course

Economic analyst Chris Martenson explains why he thinks that the coming 20 years are going to look completely unlike the last 20 years.
posted by mhjb on Dec 1, 2011 - 68 comments

Strong social safety nets encourage entrepeneurship

Safety nets: hammocks or trampolines? Academic James Wimberley argues that the supposedly entrepreneurial USA fares poorly on business startups, and attributes this to the relative absence of a comprehensive social safety net.(via)
posted by wilful on Nov 14, 2011 - 44 comments

Before the Occupy movement, there were tent cities.

"Imagine if you had never been homeless before and you'd just lost your job and you lost your home. What would you do? Would you immediately go begging or knocking on a door? No, you would downsize, move into cheaper accommodations, if that did not work you'd move in with friends or relatives and then you'd move into a cheap motel and then ... where would you want to go before winding up at a shelter door? You would much prefer to live at a park with your family and your dog." ... "In just about every major city, there are tent cities. Unfortunately, we're in a growth industry and the numbers are going to continue." -- Michael Stoop, a community organizer for the National Coalition for the Homeless, explaining that the surge in American tent city shantytowns, first highlighted on MeFi in 2008/09: 1, 2, 3, has not slowed. The Great Recession: Life in Tent City, Lakewood NJ / Photo Gallery / Video. [more inside]
posted by zarq on Nov 10, 2011 - 40 comments

America's First Suburb Turns 60

America's First Suburb Turns 60 Almost 60 years ago, a planned community embodied the hopes and prosperity of America. Now, it represents a more realistic picture of the American experience. The BBC investigates Levittown, Pennsylvania, as part of a year-long series. [more inside]
posted by modernnomad on Nov 8, 2011 - 91 comments

The Shadow Superpower

The Shadow Superpower: a survey of globalized black market trade, and the size of the informal economy. [more inside]
posted by StrikeTheViol on Nov 2, 2011 - 25 comments

Machisma

Machisma: How a mix of female empowerment and steamy soap operas helped bring down Brazil’s fertility rate and stoke its vibrant economy.
posted by the young rope-rider on Nov 1, 2011 - 25 comments

Art of household management

A Planetary Crisis Is A Terrible Thing to Waste There are striking similarities between the current economic and ecological crises — both involve indulgent over-consumption and a failure to consider the impacts on future generations. But it’s not too late to look to new economic and environmental models and to dramatically change course. opines Der Spiegel environmental journalist, Christian Schwägerl
posted by infini on Oct 27, 2011 - 17 comments

The Singularity and the economy

When the machines take over, how will people make a living? Paul Allen: Futurists like Vernor Vinge and Ray Kurzweil have argued that the world is rapidly approaching a tipping point, where the accelerating pace of smarter and smarter machines will soon outrun all human capabilities. They call this tipping point the singularity, because they believe it is impossible to predict how the human future might unfold after this point. Once these machines exist, Kurzweil and Vinge claim, they'll possess a superhuman intelligence that is so incomprehensible to us that we cannot even rationally guess how our life experiences would be altered. Vinge asks us to ponder the role of humans in a world where machines are as much smarter than us as we are smarter than our pet dogs and cats. Kurzweil, who is a bit more optimistic, envisions a future in which developments in medical nanotechnology will allow us to download a copy of our individual brains into these superhuman machines, leave our bodies behind, and, in a sense, live forever. It's heady stuff. [more inside]
posted by kgasmart on Oct 26, 2011 - 100 comments

The Closest Thing We Have To A 99 Percent Movement Comedy

Alyssa Rosenberg of Think Progress on why CBS's new show 2 Broke Girls is the closest thing we have to a 99% Movement Comedy.
posted by reenum on Oct 25, 2011 - 69 comments

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