Clueless. That’s the word that kept creeping into my mind all last week. Private jets ferried the rich and well connected to Davos, Switzerland so they could meet the rest of the rich and well connected. Clueless. Hosni Mubarek fired his cabinet and replaced them with a different set of cronies that failed to satisfy [...]
I’ve been worried about the US economy for some time now and particularly about the high unemployment rate, but I feel so much better now. Last week, President Obama named Jeffrey Immelt, the CEO of General Electric, to head his Economic Recovery Advisory Board. No wait, that’s what it was called when Paul Volcker was [...]
Good post by Hunter Richards at Software Advice on how technology affects inequality and unemployment:
Got a teen playing Wii instead of doing homework? You might want to share this post.
Despite the tremendous benefits of information technology (IT), it comes at a human cost – the displacement of less-skilled employees. As software and systems [...]
Guest post from friend of Alhambra David Gitlitz:
The inflationary consequences of eroding dollar purchasing power are coming home to roost in several Asian emerging market economies. The monetary authorities in these countries intervened heavily to keep their currencies from appreciating against a depreciating dollar and protect their export economies. The effect was to drag down [...]
