Category Archives Economics

Tipping points are not always obvious, this one may be. Two announcements this week, juxtaposed. Infrastructure Victoria's 30-Year Strategy and Google's move on renewable energy in 2017. Technology companies now account for about 2% of total Global Carbon emissions, that rivals the aviation industry. Let's not even consider the amount of fresh water they require, that's another article... Consider that…

I think that there’s a pretty good chance we end up with a universal basic income, or something like that, due to automation. I’m not sure what else one would do?

Elon Musk
Costs of US Wars

An outstanding comparative analysis of the dollar "cost" of US Wars, "then and now". Apologies to [either Dirksen or Rockefeller], but certainly, once we have a trillion here, and a trillion there, "pretty soon, you're talking real money" ! We know these numbers are staggering.  Recently [late 2015], Bank of America Merrill Lynch [ BoAML ] produced analysis showing that: The…

Indian Currency

The team at HowMuch.net  continue their excellent work. The full article can be found here. The Global Finance Magazine recently released an article comparing countries by income across the world for 2015, sourcing data from the World Bank. Gross National Income (GNI) per capita is the final income earned by a country’s residents divided by the total population. Countries are…

Certainly a growing and contentious policy debate on the role and purpose of autonomous robots in the "workplace". The potential of existential challenges to what we understand the "middle-class" to be [ in the context of a 20th Century definition of a  "labour-force], coupled with genuine and profound advances in autonomous and now artificial intelligence, gives one a moment [at…

Innovation The term "innovation" has been embedded in Australian public policy discussions for many decades, in many domains of activity, from Education, to Science, Health, Manufacturing, Agriculture and yes, even Mining. We hear this term a lot... Unfortunately, we seem to conflate genuine innovation, [which in my view requires the interdisciplinary approach of many groups, supplemented by visionary legislative and…

New York

This 3D Map Visualizes the U.S. Economy in a New Way The team at howmuch.net built a map to provide a 3D visualization of the GDP growth by US metropolitan areas. The higher the cone rising out of the map, the greater the GDP growth in that area. GDP growth increased 2.3% in 2014 as compared with 1.9% growth in 2013. The industry with…

Yes, think about this for a moment. N. E. G. A. T. I. V. E. spot-price for electricity. Policy, expenditure, loan-term investment; all predicated on an underlying assumption of markets. Beware the paradigm shift...The impossible just happened in Texas http://t.co/lBxA5q4cyK #strandedassets— Bill (@billcoppinger) September 20, 2015LinksUtility Dive - ERCOT prices in to negativeERCOTOriginal Article - Slate.comBusiness Insider

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