Tag Archives: Industrial economy

One reason Congress is broken? Negative ads cripple even the winners.


By David B. McLennan – These ads matter — but not in the ways that the candidates and their campaign consultants hope they do. When the negative barrage of ads is over, the winner will likely emerge with an approval rating well under 50 percent.

Majority of winning candidates take office without the majority support of the citizens they represent. They can no longer legitimately cite the “will of the people” in proposing legislation — because they are not in a position of strength when it comes to public support. Elected officials now often have little or no honeymoon period – even with the voters who supported them. more> http://tinyurl.com/l6vox44

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Debunking Myths About Worker Passion


[ SMARTER WORKPLACE ]


By Steve Denning – “The key message from our work is that workers of all types and in all locations have the potential to be passionate – it’s not limited to a privileged few,” concludes John Hagel, c0-chairman Deloitte Center For The Edge.

“Rather than just focusing on recruiting more passionate workers, the big opportunity is to look at the existing workforce and create environments that can tap into, nurture and amplify the passion of every worker already on the job.

“Without the right work environments, efforts to recruit additional passionate workers will likely be undermined as those new workers become frustrated in environments that do not support passion.” more> http://tinyurl.com/kucd5km

Is China’s Bubble the Next Financial Crisis?


By Mark Whitehouse – The Chinese credit boom has rapidly turned the country into one of the developing world’s most indebted, according to a new report (pdf) from London’s Centre for Economic Policy Research.

Such credit-fueled growth can’t be sustained for long without causing major distortions and setting the country up for a fall.

The stimulus is already running into diminishing returns. Over the five years through 2013, government and private debt grew by about 3 yuan for each added yuan of economic activity, a level of credit intensity that the U.S. exceeded only in the years leading up to the 2008 crisis. more> http://tinyurl.com/k5985du

Big Banks Face Another Round of U.S. Charges


By Ben Protess and Jessica Silver-Greenberg – With evidence mounting that a number of foreign and American banks colluded to alter the price of foreign currencies, the largest and least regulated financial market, prosecutors are aiming to file charges against at least one bank by the end of the year.

Yet the breadth of the suspected wrongdoing in the currency inquiry — Deutsche Bank, Citigroup, JPMorgan Chase, Barclays and UBS are among the dozen or so banks under investigation — might distinguish it from the piecemeal nature of the crisis-era investigations. more> http://tinyurl.com/msouwc6

Updates from GE


Everything is Bigger in Texas, but These New Gas Turbines Up the Ante

GE – Harriet, whose real name is the 9HA, is the largest and most efficient gas turbine in the world.

GE spent more than $1 billion to develop the turbines. The company built a special testing center in Greenville, where engineers are currently putting the first Harriet through tests.

The turbine, which was manufactured at a GE plant in Belfort, France, is equipped with more than 3,000 sensors. They collect mechanical, temperature and exhaust data, and feed it to a brand new data-crunching center next door.

Under the hood, Harriet combines designs and materials originally developed by GE scientists for supersonic jet engines and other advanced technology. They include aerodynamic blades made from single-crystal alloys, thermal barrier coatings and ceramic matrix composites. Later generations of the turbine will also include 3D-printed parts. more> http://tinyurl.com/m2np8km

Your Debt, Our Nation’s Headache


By Barry Ritholtz – Assets purchased with cheap and widely available credit become worth significantly less once the bubble bursts. But the debt remains.

All of that leverage used to purchase all of those assets — regardless of whether it’s subprime mortgages or dot-com stocks — sticks around.

Hence, a post-credit-crisis recovery is dominated not by the release of pent-up demand, but by massive corporate, household and government deleveraging. more> http://tinyurl.com/pryw54s

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Updates from BOEING



Boeing – The updated Next-Generation 737 interior offers improvements in passenger comfort and design elements to modernize the cabin.

The package can include new LED lighting, updated forward and aft entry coves, Boeing Sky Interior sidewall panels and air grilles, and larger-capacity stow bins. The upgrades create a greater sense of spaciousness at the ceiling. more> buildsomethingbetter.com/