On Sunday, August 7, 2016, Scottish wind turbines contributed 39,545 megawatt-hours (MWh) of electricity to the national grid, more than enough to cover the entire country’s need of just over 37,000 MWh that day. Does this indicate a tipping point for renewable energy?
Global Economy, Economic Environment, Recession, Money & Finance, Currency, GDP
In an era full of “unthinkable” events, the world is now confronted with what might become the largest change in the global economic order since the end of the Cold War. Stemming from a close and angry UK election, we all woke up last Friday morning to find that the world’s fifth-largest economy
This week I presented to the leadership team at Baltimore Aircoil, a division of Amsted Industries, at their headquarters in Maryland; my presentation was also broadcast to senior executives in Asia and Europe. I was invited by their global VP of sales and marketing, who was featured in a MAPI interview earlier this year.
Relatively strong post-recession employment growth is not a statistical anomaly, though only a small portion of the gain is coming from internet and telecommunications jobs. GDP is underestimated, but it is consistently biased, and the gig and free economies are too small to explain the productivity gap. Rather than blaming statistics, analytical effort is better spent determining the root causes for slow productivity growth.
Risk aversion, high unemployment, growth slowdowns, recessions, and geopolitical crises in key global economies are just a few of the factors holding back global growth. Overall, tighter financial conditions are leading to stock market corrections and a loss of confidence.
This week’s labor market reports were almost as bleak as the weather. If anyone was not aware or simply doubted that we have a big problem with a deteriorating productivity picture, then the report for the first quarter of 2016