The Alexis Tsipras victory was based on a campaign that promised Greek people the end of austerity and the demand for a big debt write-off. That would certainly lead to a standoff with Greece’s international lenders. The idea of a Grexit shook the European Union and the shock was felt in international markets as well. The euro started plunging. The morning after the election, the euro was at a nine-year low against the dollar, reaching 0.899 and may drop some more
It is ironic then that the unexpected winner of the Greek election was the U.S. economy. It is ironic because, unknowingly, a radical leftist party with anti-capitalism rhetoric gave the American economy such a tremendous boost by strengthening the U.S. dollar. That should have the party’s far-leftists fuming.
Continue reading Working for the Yankee Dollar: United States, the Unexpected Winner of Greek Elections
companies change/restructuring plan didn’t yield expected results. Chrysler restructured three times in three years but couldn’t avoid filing bankruptcy. BlackBerry was once an undisputed leader in Mobile devices, and JC Penny’s is one of the most recent examples that is struggling and trying to recover from its transformation efforts.
There are numbers of transformation and turnaround strategies with their own focus areas and guiding principles, and by no means am I qualified enough to comment on the effectiveness of those strategies. My point of view leverages and is drawn from how things operate around us. Drawing inferences from the aforementioned companies and their outcomes, let’s explore Organization Reset.
Continue reading Organization Reset – Different perspective for Transformation & Turnaround
Dr. Nouriel Roubini is Chairman of is Chairman of Roubini Global Economics, Professor of Economics at the Stern School of Business, New York University, and co-author of the book Crisis Economics.
This article is published in the Social Europe Journal: http://bit.ly/1sy00sw
See also “The Technology Imperative: What Jobs, Jobs, Jobs, Really Means in the 21st Century” www.GavdosPress.com
Technology innovators and CEOs seem positively giddy nowadays about what the future will bring. New manufacturing technologies have generated feverish excitement about what some see as a Third Industrial Revolution. In the years ahead, technological improvements in robotics and automation will boost productivity and efficiency, implying significant economic gains for companies. But, unless the proper policies to nurture job growth are put in place, it remains uncertain whether demand for labor will continue to grow as technology marches forward.
Recent technological advances have three biases: They tend to be capital-intensive (thus favoring those who already have financial resources); skill-intensive (thus favoring those who already have a high level of technical proficiency); and labor-saving (thus reducing the total number of unskilled and semi-skilled jobs in the economy). The risk is that robotics and automation will displace workers in blue-collar manufacturing jobs before the dust of the Third Industrial Revolution settles.
Continue reading Will Technology Destroy Jobs?