Global Wellbeing

Economists working in the finance industry were incompetent, just that their level of certainty is far less than that expected in other disciplines. I think there is some confusion in this discussion between ‘Business and Finance’ expertise and ‘Financial Economics’ The former relates to business acumen ie the ability make good predictions of future profitability based on the market opportunity and the personal characteristics of the key players involved. The latter the Financial Accounting expertise in understanding the financial position of the entities concerned. The valued economists are more using business and finance expertise than microeconomics principles to add value to their employers. I have a big problem in equating the views of Smith with Newton. By putting Smith on the same pedestal you are in effect saying that economics is not subjective and that human society does not have choices in the way it chooses to produce and distribute its goods and services. That Smith’s f...

Look at the new mobile phone Apps and Web services , Most are underpinned by advertising in an increasing crowded marketplace for traditional goods and services and are not highly valued products in their own right. You state that there is no problem with automation currently creating unemployment in Germany but this does not mean it isn’t elsewhere or wont in the future. Germany enjoys a massive trade and current account surplus with the rest if the world . This until now has allowed it to not only create additional jobs directly related to the surplus but also many more internal service sector jobs that are supported by it. In our technologically driven marketplace the incumbents have a vast advantage due to knowledge and expertise that take decades to foster and accumulate plus brand and market prestige plus already possessing large economies of scale which also allows them large long term research budgets to keep ahead. Given the unit cost of production/distribution is getting...

New method of manufacturing using powder bed: Additive Manufacturing with Selective Laser Melting shows us that unleashing the potential of micro factories in big scale will lead to savings from economies of scale DMG MORI underlines its position as a market leader, being the first company to offer a full range of Additive Manufacturing machines by adding the new LASERTEC 30 SLM powder bed machine, to join the existing hybrid deposition welding machines.

France & Russian are developing microlight helicopters to meet the growing need for personal affordable commuter choppers Russian Coaxial helicopter  developed by aircraft designer Valery Shohovym Micron was unveiled by the Voskresensk, Moscow Oblast company during Aviaregion 2016 У американцев есть немало подобных открытых одноместных вертолетов,но все они традиционной схемы с хвостовым винтом.  «АВИАРЕГИОН-2016», г. Ярославль Общий вид. К сожалению и с людьми не поговорил и полет не посмотрел,но надеюсь как нибудь добраться до Воскресенска,где и посмотреть на этот вертолет поближе... Micron at The Aerodrome of Yaroslavl Tunoshna, UUDL showcased at the airshow А вот уникальный минивертолет построенный в России: Микрон. Micron helicopter at airshow from 27 to 29 May 2016  Вертолет разработан авиаконструктором Валерием Шоховым и командой «Гиропланы.Ру». Испытал вертолёт Дмитрий Ракитский. Вертолет построен по соосной схеме,что должно ему давать хорош...

TRJ. Turkey aims to develop regional jets. Iran plans to produce 150 seat passenger civilian regional jet J150 New J150 Cockpit KSA and Antonov of Ukraine to jointly built aircraft in Riyadh