Economics
1 view | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by jbessell from Gold and What Moves it.
Scoop.it!

Pento - US Debt Surges A stunning $7 Trillion In Just 6 Years

Michael Pento tells King World News:

 

Revenue to the government was $2.58 trillion in fiscal 2007.  But despite all the government spending and money printing by the Fed, revenue for fiscal 2013 is projected to be just $2.7 trillion.  The growth in Federal revenue has been just over $100 billion in 6 years!  Nevertheless, our publicly traded debt has grown by $7 trillion during that same time frame.  The fact is that the U.S. economy isn’t growing fast enough to significantly increase the revenue to the government, but our debt is still soaring.


Via Hal
more...
No comment yet.
Rescooped by jbessell from Metaglossia: The Translation World
Scoop.it!

Technology and job destruction

 

professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. Even more ominous for workers, the MIT academics foresee dismal prospects for many types of jobs as these powerful new technologies are increasingly adopted not only in manufacturing, clerical, and retail work but in professions such as law, financial services, education, and medicine.


They believe that rapid technological change has been destroying jobs faster than it is creating them, contributing to the stagnation of median income and the growth of inequality in the United States. And, they suspect, something similar is happening in other technologically advanced countries.






Productivity increases but jobs do not increase

In economics, productivity—the amount of economic value created for a given unit of input, such as an hour of labor—is a crucial indicator of growth and wealth creation. It is a measure of progress. On the chart Brynjolfsson likes to show, separate lines represent productivity and total employment in the United States. For years after World War II, the two lines closely tracked each other, with increases in jobs corresponding to increases in productivity. The pattern is clear: as businesses generated more value from their workers, the country as a whole became richer, which fueled more economic activity and created even more jobs. Then, beginning in 2000, the lines diverge; productivity continues to rise robustly, but employment suddenly wilts. By 2011, a significant gap appears between the two lines, showing economic growth with no parallel increase in job creation. Brynjolfsson and McAfee call it the “great decoupling.” And Brynjolfsson says he is confident that technology is behind both the healthy growth in productivity and the weak growth in jobs.

Other Economist says the economic and productivity growth has not been strong enough

David Autor, an economist at MIT who has extensively studied the connections between jobs and technology, also doubts that technology could account for such an abrupt change in total employment. “There was a great sag in employment beginning in 2000. Something did change,” he says. “But no one knows the cause.” Mor


Via Charles Tiayon
more...
No comment yet.
Rescooped by jbessell from Gold and What Moves it.
Scoop.it!

Chart Of The Day: 803 Years Of Global Inflation | ZeroHedge

Chart Of The Day: 803 Years Of Global Inflation | ZeroHedge | Economics | Scoop.it
Spot the point in this 803 year timeline of world inflation, when the Fed was created.The chart above comes courtesy of Jim Reid's fantastic "Journey into the Unknown" which we will dissect in much more detail shortly.

 

[Fascinating]


Via Hal
more...
No comment yet.
Rescooped by jbessell from Organic Farming
Scoop.it!

Organic Farming’s Resolution and Eventful Past

Organic Farming’s Resolution and Eventful Past | Economics | Scoop.it

In this modern society, different technologies are introduced to enhance our usual way of living. But as this grows to be more and more advanced, we are now experiencing the damaging effects not only in our daily lives but also in our environment. Organic Farming is one way of helping our world to get better and preserve it for the next generations to come.

 

What is Organic Farming?

Organic farming is a form of agriculture that relies on natural fertilizers, crop rotation, compost plants and animals and organic pest control. Natural Farming absolutely does not utilize any man-made or synthetic solutions which includes chemical pesticides and fertilizers. Most of these chemical compounds together with other unnatural materials intended for fertilizing, crop disease regulation, weed and pest management can result in possible extensive damage to the environmental condition.

Organic agriculture has turned out to be widely recognized throughout the last generations. Many farm workers are eliminating ways or substances that poison our ecosystem and negatively affect the human body. A number of people are taking advantage of a more eco-friendly and more nutritious standard of living.

 

Historical Starting Point

The background of organic farming is a contemporary heritage and solution of the midpoint and latter part of the 20th century. Before the mid-20th Century, all of the food was organic and natural. There was no single hazardous compound included with the developing and growing of crops. Not having any harmful pesticides of artificial fertilizers were accustomed to pollute the soil as well as the plants that developed on them. After that, farming was revolutionized.

Up until the Second World War, all the cultivation was pure and organic. For a very long period of time, the land was fresh. Fertilizers were made of plant remains which had been composted and manure from grazing wildlife. The ground was balanced for the reason that farmers applied crop rotation as well as regulated combustion.

In the event that farming tradition changed the people and started to become farmers, they discovered that foodstuff are harvested from the land, together from the crops and the creatures that consume it. As a result of experimentation, the process for agriculture was developed. The old-fashioned technique was handed down from one generation to another and carried on all the way through the beginning of the 20th Century.

Sustaining the world in its best state will not only benefit the people of today but also the people of tomorrow.  A healthier environment will give us a healthier living and this method of agriculture is one of the best answers to help lessen the problems of the planet where we live.

By means of organic farming, farm workers discover balanced, advantageous agricultural strategies, and are recapturing the knowledge of their farming history. Natural cultivation enriches the land for a long period of time. It raises the lasting produce, nourishment importance and efficiency of the harvests. It provides biologically fresh water availability, and assures general prosperity, health care of everyone, the animals, farms and as well as the society.


Via Giri Kumar
more...
No comment yet.