The long-term unemployed tend to be people who 1) are a little bit older, and 2) got laid off from their last job.
The economic recovery officially began a little over four years ago. But there are still over four million people who are long-term unemployed. That’s four million people who can’t find work even after looking for six months or more — four million people who can’t even get companies to look at their resumes anymore.
Continue reading… “Who ends up being long-term unemployed?”
Green and sustainable energy
The economy is recovering, and entrepreneurialism has played a large role in helping it along. One of the most interesting parts of this recovery, however, is the emergence of new types of industry. Businesses have found all new niches to fill, and seven industries in particular have shown substantial growth in 2013. (Infographic)
Continue reading… “Top 7 fastest growing industries of 2013”
The number of violent crimes has fallen by 32% since 1990 across America as a whole.
The capital of Estonia, Tallinn, does not look like a den of thieves. On a summer afternoon, herds of elderly tourists—American, Japanese, British—wander between the gift shops and sip lagers at pavement cafés beneath the gothic town hall. In a park, teenagers chat and smoke cigarettes in the sun.
Continue reading… “The world is seeing less crime, so where have all of the burglars gone?”
Chinese internet company, Tencent.
Nearly half of the 2 billion internet users in the world live in Asia. They makes most of the hardware — laptops, smartphones, tablets and other gadgets — that is used to gain access to the Internet. In countries like South Korea and Japan, it has some of the fastest wired and wireless networks for carrying Internet traffic.
Continue reading… “Why internet companies in Asia still struggle to become global”
Here’s what an astonishing graph (via Brookings) says. Job growth in America’s non-health-care economy has been dreadful during the last ten years. Just 2.1 percent total — or barely 0.2 percent per year. (Yes, that’s point-two percent annual growth.) In that time, the U.S. health care sector has grown more than ten-times faster than the rest of the economy, adding 2.6 million jobs.
Continue reading… “Growth of healthcare jobs in America: Graph”
Business in China are swamped with job applications from college graduates but have few jobs to offer.
The headline in he New York Times read “Degrees, but No Guarantees.” However, the story was not about the students graduating from American universities this season. Instead, it was about Chinese grads. Chinese businesses are swamped by job applications from graduating students but have few jobs to offer. As bad as our economy seems for our own grads, their prospects are better than China’s.
Continue reading… “The Chinese skills disconnect may be an opportunity for us”
48% of Americans said they dream about starting a small business.
Seven out of 10 entrepreneurs would start their businesses all over again despite all the challenges small businesses have faced in the past five years. Not only that, almost half of all Americans are harboring entrepreneurial dreams of their own.
Continue reading… “48% of Americans want to be entrepreneurs: Poll”
Labor’s share of the world’s income is plunging, and the technology boom is to blame.
For the past thirty years, wages have evaporated as a share of the economy. Meanwhile, the proportion of national income consumed by profits, dividends, and capital gains has steadily grown. Capital 1, Labor 0.
Continue reading… “Robots are already stealing our paychecks”
Flying robots are going to become a lot more common in the U.S.
Investors and entrepreneurs are betting on a future full of flying robots that can be programmed to do anything from survey crops or wildlife to delivering vaccines to remote villages in Africa.
Continue reading… “Entrepreneurs and investors bet on the future of the drone economy”
Machines for High Frequency Trading (HFT)
On April 23 at 1:07 pm, a hijacked AP Twitter account falsely reported an attack on the White House. Just seconds later, major US stock indexes started to fall. They were down 1 percent by the time the tweet was publicly identified as bogus three minutes later. And in another three minutes, the markets had recovered to pre-tweet levels.
Continue reading… “High-frequency trading faster than the speed of reality”
China’s economy is undergoing a structural slowdown.
China has been way out front as the world’s most important source of economic growth for years. China has the world’s second largest economy and it continues to grow at a rapid clip but it is cooling as other enormous economies heat up.
Continue reading… “China is no longer the world’s most important source of growth”
Will the McMansion ever die?
The McMansion with a giant SUV parked in the driveway were pretty much the epitome of middle class excess during the housing bubble. Then gas prices spiked, the crash came, and both houses and cars shrank a bit as Americans turned thrifty.
Continue reading… “Are McMansions making a comeback?”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.