Global life
expectancy increases to 71.4 years
Related:
WHO’s World Health Statistics 2016
released:
http://www.who.int/gho/publications/world_health_statistics/2016/en/Thursday, May 19, 2016
Wednesday, May 18, 2016
Trust and the Financial Sector
BOE chief economist Andy Haldane on the role of finance
in society
Haldane notes:
“Let me start by
discussing why closing the trust deficit in finance matters to the economy and
to society. Whisper it quietly, but a large and well-functioning financial
sector is an essential foundation for a growing and well-functioning economy.
That is not an ideological assertion from the financial elite; it is an
empirical fact. Most of the time and in most countries, finance is a growth-booster
not a growth killer.
The economic
textbooks do not get everything right, but on this they are clear and
compelling. Banks and capital markets help finance investment by companies. And
that, we know, is the seed-corn of future growth. They also help insure against risk by
companies and households. And that, we know, is the seed-corn of stability. In a nutshell that is why, over long periods
of time and across wide ranges of countries, well-functioning finance has
supported wealth-creation and well-being.”
Rare Price Hikes in Japan Come with an Apology
In Japan’s Slow
Economy, Rare Price Rise Prompts Surplus of Remorse by JONATHAN SOBLE
http://www.nytimes.com/2016/05/19/business/international/japan-economy-deflation-prices.html
Bill Gates recommends the following book:
The Power to
Compete: An Economist and an Entrepreneur on Revitalizing Japan in the Global
Economy
https://www.gatesnotes.com/Books/The-Power-to-CompeteTuesday, May 17, 2016
US Long-Term Economic Growth
US Long-Term Economic Growth Rate and Policy Actions
http://www.nytimes.com/2016/05/18/business/economy/a-growth-rate-weighed-down-by-inaction.html
Related:
http://www.bloomberg.com/news/articles/2016-05-12/how-to-pull-the-world-economy-out-of-its-rut
Related:
http://www.bloomberg.com/news/articles/2016-05-12/how-to-pull-the-world-economy-out-of-its-rut
An interesting and visually rich web special - What
Was the Greatest Era for American Innovation?
A Brief Guided Tour [Which was a more important
innovation: indoor plumbing, jet air travel or mobile phones?] By
NEIL IRWIN:
Related:
http://vivekjayakumar.blogspot.com/2016/01/long-run-us-economic-growth.htmlPBS Frontline on the Middle East Mess
Another extraordinary and illuminating report from PBS
Frontline:
Related:
http://www.pbs.org/wgbh/frontline/film/saudi-arabia-uncovered/
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