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Trillions to AI shrink Infrastructure and Reindustrialization Articles
LyrArc brings in selected articles from many of the world's top publications.
Articles are selected by experts and you can see the gist of the important articles.
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Roben Farzad of Bloomberg BW meets with Goldman Sach's Harvey M. Schwartz, co-head of the global securities division, to get Goldman's account of the global financial crisis of 2008-2009, the AIG rescue, and John Paulson.
Roben Farzad of Bloomberg BW meets with Goldman Sach's Harvey M. Schwartz, co-head of the global securities division, to get Goldman's account of the global financial crisis of 2008-2009, the AIG rescue, and John Paulson.
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Original article 1 minute, gist 1 minute
Original article 1 minute, gist 1 minute
LyrArc Article Gist
Gradual recovery of the American economy. But a lot of uncertainty remains.
Gradual recovery of the American economy. But a lot of uncertainty remains.
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Original article 5 minutes, gist 1 minute
Original article 5 minutes, gist 1 minute
LyrArc Article Gist
Recovery, says the Economist, is beginning with the rebalancing of America's economy. But this is not inevitable and there is considerable uncertainty in a number of areas. For export led recovery to work emerging markets have to take in more exports, but so far China's stimulus has only boosted domestic investment. There is also uncertainty about the dollar. And the other scenario is that as the government withdraws stimulus the economy may stall.
Recovery, says the Economist, is beginning with the rebalancing of America's economy. But this is not inevitable and there is considerable uncertainty in a number of areas. For export led recovery to work emerging markets have to take in more exports, but so far China's stimulus has only boosted domestic investment. There is also uncertainty about the dollar. And the other scenario is that as the government withdraws stimulus the economy may stall.
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Original article 4 minutes, gist 1 minute
Original article 4 minutes, gist 1 minute
9
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Research by Matthew Slaughter of Dartmouth shows that only 4% of all American firms and 15% of American manufacturers export. Overall 80% of America's trade is conducted by just 1% of the firms that export or import. Exports as a share of GDP are 10.9% in 2009, much lower than other exporting countries. These numbers will increase as America focusses on exports to rebalance the economy.
Research by Matthew Slaughter of Dartmouth shows that only 4% of all American firms and 15% of American manufacturers export. Overall 80% of America's trade is conducted by just 1% of the firms that export or import. Exports as a share of GDP are 10.9% in 2009, much lower than other exporting countries. These numbers will increase as America focusses on exports to rebalance the economy.
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Original article 9 minutes, gist 1 minute
Original article 9 minutes, gist 1 minute
LyrArc Article Gist
According to the Pew Research center the number of Americans saying airconditioners or dishwashers are a necessity dropped sharply in 2009 after years of moving upwards. Saving rates which averaged 9% between 1950-1980 and dropped to zero, went back up again in 2009 to 4%. One model developed by Obama's Council of Economic Advisors suggests it woill go up to 7%.
According to the Pew Research center the number of Americans saying airconditioners or dishwashers are a necessity dropped sharply in 2009 after years of moving upwards. Saving rates which averaged 9% between 1950-1980 and dropped to zero, went back up again in 2009 to 4%. One model developed by Obama's Council of Economic Advisors suggests it woill go up to 7%.
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Original article 3 minutes, gist 1 minute
Original article 3 minutes, gist 1 minute
LyrArc Article Gist
How savings habits changed from the last generation to this one. By age 45 savings rate rose sharply to about 30% of disposable income for our parent's generation. For the generation born 1955-64 savings rate remained unchanged at 10%, according to the McKinsey Global Institute. The result of the financial crisis is that credit cards are declining and savings are up. Credit cards shrank by 11% or 32 millon in 2009 according to Nilson Report.
How savings habits changed from the last generation to this one. By age 45 savings rate rose sharply to about 30% of disposable income for our parent's generation. For the generation born 1955-64 savings rate remained unchanged at 10%, according to the McKinsey Global Institute. The result of the financial crisis is that credit cards are declining and savings are up. Credit cards shrank by 11% or 32 millon in 2009 according to Nilson Report.
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Original article 7 minutes, gist 1 minute
Original article 7 minutes, gist 1 minute
LyrArc Article Gist
The transformation underway to export and business investment led recovery. Part of this transformation is a shift to lower current acccount deficits, and lower consumer spending.
The transformation underway to export and business investment led recovery. Part of this transformation is a shift to lower current acccount deficits, and lower consumer spending.
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Original article 10 minutes, gist 1 minute
Original article 10 minutes, gist 1 minute
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