Michael v. Michael: A debate on how (or if) business can solve social problems by Kate Torgovnick May

Michael Porter and Michael Sandel give different opinions on business potential on their TED talks. Porter suggests that business is in a better position to tackle social problems through salaries and tax generation while Sandel is worried about monetization culture ideals. As they spoke on stage, they were like sharks-vs- Jets and the attendees too had different opinions on that matter.

The future is coming. 6 ways it will change everything by TED Guest Author By BlaiseAgüera y Arcas, Google

Six hypothesis of how our minds will be blown in the next thirty years are; machine intelligence, gender selection, post-subsistence economy, sexual and lifestyle freedom, space, and self-motivation. Machines are doing what human beings can do with the intelligence. Men and women will have equal selection; however, unemployment will continue to increase leading to post-subsistence economies. Self-modification will emerge to suit the emerging trends in the aggressive world space thus resulting into sexual and lifestyle freedom in the world.

Who controls the world? Resources for understanding this visualization of the global economy by Kate Torgovnick May

The world resources are controlled by a few top players in the market leaving the rest of the nation’s to be vulnerable to economic distress. In TED the talk film, Glattfelder studies the laws that govern our economy and gives the opinion that ideas that relate to finance, economics, and politics are tainted by personal ideologies. The top shareholders of world resources are mainly financial institution from UK and US.

The future of the U.S. economy: TED fans join in the Robert Gordon/Erik Brynjolfsson debate by AjaBogdanoff

During the talk, Ryan asked Mr. Brynjolfsson about the effects of future education in US and the answer was to reinvention in education by digitizing education to improve quality at a reduced cost. More welfare is needed to prepare poverty ridden children to compete fairly in education system and to curb high dropouts.Equitable distribution of resources is necessary to promote education quality.

The city of the future, learning from scarcity: Teddy Cruz at TEDGlobal 2013 Kate Torgovnick May

The increase in urbanization has led to a dramatic stratification in the city. Cities are either occupied by the poor or the rich and this leads to marginalization or recognition of the cities depending on the occupants. Cruz studied  the different cities in Mexico  and say that the wealthy cities grows selfishly as they suck up oil and consume larger amount of energy. On the other hand the poor cities have scarce resource that is overstretched with no space to develop.

The Politics of Equal Pay: It’s More than A Women’s Issue By Frank James

The pay equity issue propagated by the democrats is seen as a women issue and men view it as a matter of self-interest. The president attested that the bill was not only fair to but, also a family issue as there were a great discrepancies in the male wages compared to female. The president asserts that, women form about half the U.S. workforce, thereby contribute ecumenically in the development. The president used the white house to sign orders aimed at reducing pay inequities.

Rosenberg on the Nature of Economics Econ-Talk Episode with Alex Rosenberg

Hosted by Russ Roberts

Basing his argument on the changes in the behavioral and experimental economics that have occurred within the last two and half decades, Rosenberg reasoned that economics has moved from being an art to a science with economists becoming more informed of the possible flaws in economic principles and theories. He further argued that economics still lack the capacity to precisely predict possible implications of diverse changes in behavior and policy.

Japan’s Industrial Output Falls 2.3 Percent

With the Japan’s industrial sector bracing for the 3 percent rise in the sales tax for reach a record high of 8 percent in 17 years, their performance significantly dropped by 2.3 percent in February, 2014. The Japanese Prime Minister, Abe Shinzo accented to the sales tax bill in order to reduce the public debts of the Japanese government, which is the largest in the world.

Weekly Jobless Claims Drop, GDP Growth Revised Up Slightly By Mark Memmott

The economic review for the last quarter of the year 2013 showed an upward trend. The Bureau of Economic Analysis indicated that the economy posted a 2.6 percent growth rate, a figure that was beyond the anticipated 2.4%. This growth was attributed to stronger consumer spending than economic experts thought. In addition, over 311,000 first-time jobless benefit claims were filed, an indication of companies’ confidence in the economy.

More House, Less Booze: How Spending Changes from Age 25 To 75 by Quoctrung Bui

The spending pattern of the population changes with age, particularly between ages 25-75. A survey on nondurable spending from the age of 25 to 75 showed that spending steadily rises from the age of 25 and attains its peak at 50 years. However, the spending on non-durable steadily falls after age 50, reaching its lowest at age 75. This difference was attributed to differences in the lifestyles.

A Week into His New Job, Controversy Forces Mozilla CEO to Resign by ELISE HU

Brendan Eich, the creator of the popular JavaScript programming language and co-founder of Mozilla resign from his one week position as the CEO of Mozilla following embroiled controversies. The controversy pitting free speech against equal rights (foundation values of Mozilla). Criticized by Mozilla employees for his past private life when he donated Proposition 8 (anti-gay movement), Eich opted to resign from his post as the CEO of Mozilla.

Jobless Rate Holds Steady As Employers Add 192,000 Jobs by Mark Memmott

The Bureau of Labor Statistics for the first quarter, 2014 reported that the rate of unemployment remained unchanged at 6.7% for the second time. However, both the private and private sectors of the U.S. created 192,000 more jobs in March. In addition, the labor participation rate increased to 63.2% during March, the highest in 2014 and a good sign of active labor force.

Senate Democrats Say Caterpillar Avoided $2.4 Billion in Taxes By Scott Neuman

At the senate meeting, officials of Peoria defended the Caterpillar Inc against accusation of tax evasion amounting to $2.4 billion. The vice president of the company, however insisted that they paid all the taxes the owed the state. The committee was to check the loopholes involve in the tax evasion by companies and Caterpillar was the centre of discussion. The committee report does not directly accuse the company for tax evasion but, accuse it of breaking the laws. The republican law-makers in their defense say that it is the tax code that needs to be reviewed to avoid tax evasion.

March Unemployment Rate Unchanged At 6.7 Percent by John Ydstie

The US labor department said that employers added 192,000 jobs in March, however, the rate of unemployment remains constant at 6.7%. US economists estimated the value of the jobs the government added to be around 200,000 and with that depicted a stronger growth in the economy and reduced rate of unemployment. The economists said that the created jobs will increase the real income per household and also the wealth accumulation by the consumers thereby increasing consumers spending in the economy.

New Rules Force Big Banks to Keep a Bigger Cushion by Jim Zarroli

The Fed and FDIC have proposed on tougher regulations and rules targeting big banks. This proposal has been criticized by financial analysts arguing that if passed, these regulations would hurt the growth capacity of the economy. According to the Fed and FDIC, the enactments of new banking regulations are aimed at strengthening its financial institutions. These rules hold that banks must hold more capital reserves to reduce financial risks during financial contagion.

Life without Jobless Benefits: Watching, Searching and Praying by Tamara Keith

The issue of joblessness has attracted many citizens including president Obama who call the congress to renew federal insurance benefits for long-term to cater for the unemployed. However, his appeal has elicited different reactions with the critics arguing that the plan will fail the way it did twelve years back. Masiano has been looking for jobs for many years in different firms but in vain and has now resorted to resorted to prayers and watching hoping that one day she will get a job.

 

 

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