May 2014 Payroll Employment
After 76 months, we finally got back to the prerecession level of payroll employment.
Click on the image to get a bigger version.
The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .
Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?
Brad DeLong favors the U.S. gdp gap.
Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?
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World Economic Forum
"An online journal of (your) views that do not necessarily reflect those of the Forum”
“The World Economic Forum is an independent international organization committed to improving the state of the world. The Forum provides a collaborative framework for the world’s leaders to address global issues, engaging particularly its corporate members in global citizenship.”
By Thomas Kerr and Brindusa Fidanza*
In the late hours of the climate change negotiations in Durban, South Africa, a few decisions have been reached by the Conference of the Parties (COP17). They include (http://unfccc.int/2860.php):
On future commitments to replace those made in the Kyoto Protocol and the Copenhagen Accord
By BĂ¸rge Brende (@borgebrende)*
Many points in the global political ...
By Donald Kanak, Chair of the Global Agenda Council on Insurance and Asset Management, Chairman, Prudential Corporation Asia
In 2004, the new Georgian government fired every single traffic policeman in the country. All 18,000 of them. Traffic improved. But more than that, this was just one measure in a raft of anti-graft legislation that has brought the country from the bottom of the Transparency International rankings to being ...
By Gary Burns*
On the 8th of December representatives from four companies participated in a panel discussion titled â€śIndustry Perspectives on Implementation of the Biological Weapons Conventionâ€ť at the 7th Review Conference of the Biological Weapons Convention held in Geneva.
By ThĂ©a Chiesa and Tiffany Misrahi*
Sub-Saharan Africa has been forecast to expand by 5.1% in 2011 and has a positive outlook for growth over the next years. Still, according to statistics from the United Nations World Tourism Organization (UNWTO), Africa only accounts for 3.4% of global tourism receipts and 5.2% ...
The World Economic Forum IdeasLab series presents the best ideas from the worldâ€™s leading minds. Below is a handpicked selection of the newest visions, inventions, insights and designs helping to change our world for the better. IdeasLabs are a unique format presented at World Economic Forum ...
Since its launch in 2003, the Open Forum has created a bridge between the World Economic Forum Annual Meeting and the general public. While the Annual Meeting is by invitation only, the Open Forum is just that, open, to anyone and everyone who wants to participate in the discussion on ...
By Martina GmĂĽr*
With the new year just around the corner, I am proud to look back at the exciting and productive 2011 we had with the Global Agenda Councils.
Coming into its fourth year, the Network of the Global Agenda Councils has monitored and addressed many of the most important ...
By Professor Alan McKinnon*
Can you imagine a world without trucks? Itâ€™s not a scenario that keeps many people awake at night, but perhaps it should. If, for whatever reason, road haulage operations were suspended, the resulting dislocation of supply chains would result in economic collapse within a few ...