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.

A group of young Syrians are bringing life back to the destroyed parts of Aleppo city with their breathtaking flips, jumping stunts and electrifying Parkour performance. They show that War torn does means creativity born  

Workers in rich countries earn more than those in poor countries partly because they are better educated but mostly because they live in societies that have, over many years, developed institutions that foster prosperity and peace. Workers become far more productive when they move from a poor country to a rich one. Suddenly, they can join a labour market with ample capital, efficient firms and a predictable legal system. Those who used to scrape a living from the soil with a wooden hoe start driving tractors. Those who once made mud bricks by hand start working with cranes and mechanical diggers. Those who cut hair find richer clients who tip better.“Labour is the world’s most valuable commodity—yet thanks to strict immigration regulation, most of it goes to waste,” argue Bryan Caplan and Vipul Naik in “A radical case for open borders”. Mexican labourers who migrate to the United States can expect to earn 150% more. Unskilled Nigerians make 1,000% more.“Making Nigerians stay in Ni...

I am a person who questions everything in life. I am unable to follow anyone blindly without asking questions. I like to know something about all life aspects to present myself as a well rounded personality. Oil industry and Sports are two fields where I see and discover my passions. I always try to have a different vision in life and try to think outside the box. I believe if a plan doesn't work then we have to change the plan and not our end goal. "Strive not to be a success, but rather to be of value" Albert Einstein Volunteer Experience Fundraiser Company Name Floods in pakistan Cause Disaster and Humanitarian Relief Sami M. Rafiq 3rd degree connection 3rd Hydraulic Frac. Account Manager at Pumpco Energy Services (B.Sc in Petroleum Engineering) Odessa/Midland, Texas Area   Message Send a message to Sami M. Rafiq More actions Pumpco Energy Services Texas Tech University See contact info See contact info See connections (500+) 500...

Known as hikikomori, the phenomenon of social withdrawal has become increasingly commonplace in Japan. Hundreds of thousands of Japanese shut themselves away, spending months and sometimes years in isolation. The social recluses don’t study or go to work. They retreat into their rooms, rarely venturing out to get food in a convenience store and to communicate with immediate family.  One of them is Ito. He spends time listening to music , playing video games and surfing the internet . But he has neither the power nor desire to leave his bedroom , where he has voluntarily locked himself.  Unlike his younger brother, Ito was regularly yelled at and hit as a child. His parents, he says, only wanted him to be successful in life. Hikikomori often strikes families, where the fathers spend day and night at work, while the mothers focus entirely on their offspring, particularly the eldest sons.  Smothering mothers, bullying at school, social pressure and ...