An insightful article on, what the author calls, the second economy. This is the generally unseen, rapidly expanding, overall economy that underlies the physical overall economy. Information technology, digitization, and automation particularly, drives this second economy and the author suggest it could be as large as the physical, overall economy in 20 or 30 years.
The emergence of the second economy can potentially increase prosperity on par with what the Industrial Revolution did, while also causing large unemployment due to its character (i.e. automation of careers). The writer almost suggests that the largest problem soon will not be creating wealth but distributing it. Very Peter-Drucker-like article that is worth reading. If you are interested in economic changes to societies, it’s worthy of looking into. The Technology Battle of 2012 (Fast Company): Just a little within the top-these companies don’t always compete directly against each other-and lacking some key players but, nevertheless, a good recap of the battle between Apple, Amazon, Facebook, and Google.
Interview with Facebook founder, Mark Zuckerberg (Startup School via TechCrunch): Interesting thoughts from Mark Zuckerberg on entrepreneurship and the progression of Facebook. The condition of farming in Canada (The Walrus): Interesting and insightful article about how small farmers are facing the problems in farming. Yellow Media was the distributor of mobile phone directories in Canada. I actually viewed the stock around 4 or 5 5 years back and considered how the corporation could survive in the web age.
Several years later, it appears like the final act of its life is playing out. This is a well-written tale and I believe contrarians and deep-value investors should read it to obtain a feel for how distressed companies could fall apart. Good tale of rare globe minerals and the big potential in Alaska, of all accepted places. Personally, I think rare earths are a fad-substitution with an increase of common materials is a huge threat-but whatever you think, this is a great article. Shai Agassi’s Better Place attempts to conquer electric cars (Smithsonian): An article from past due 2010 profiling the founder of Better Place, an organization that is trying to deploy charging channels and electric battery swap technology for electric vehicles.
The business looks uneconomic and has huge hurdles in North America, where gasoline is cheaper than the majority of the world, but it’ll be an interesting story to view. Interesting essay on the development of economics and the flaws it can’t shake off. What if USA paid its debt? Seems such as a ludicrous view right now but back 2000, the government was thinking that your debt would be paid by 2011 or so. Many of you may recall how Alan Greenspan was fretting that there may be adverse implications if the US government stopped issuing so many bods.
- Are you a fiduciary? Sometimes? All of the time
- 6631 Dudley Drive, Naples, Florida 34105 – Commercial Property SOLD
- Fewer rules
- Profit Margins: US, Global, Emerging Markets, Europe, Japan, India, China, Aus & Canada
- Commercial Real Estate
- Michael $691,150, he earned $501,150 in interest
- People do not choose to be in the situations they end up-it just happens. (Reverse scored)
Needless to say, the situation is opposite what it was ago a decade. This situation reminds of the 1930’s and it remains to be seen what new industries will emerge to generate jobs. Latest article from Michael Lewis, tackling California this right time around. As usual, Lewis paints with wide borderline and brushes stereotypes but retains his flair for writing entertaining pieces. What is happening in California may be considered a precursor what other states, as well as my province, Ontario, in Canada may soon face. The masses want to hang someone, but the reality is that, if it were a crime, how come almost every major bank in the us, as well as respected investors/financiers lost their shirt?
Book review – Deng Xiaoping and the Transformation of China by Ezra F. Vogel (New York Review of Books): Arguably, the individual who had the best impact on China in the last 40 years is Deng Xiaoping. I don’t believe other people even comes close. He is known as the person who re-oriented China from a so-called Communist economy to a capitalist country. When it comes to darker events, he could be also known as the man who purchased the massacre that came to be known as the Tiananmen Massacre.