When talk turns to the economy, it's clear that LA brings out the best and the worst.

Steve Julian: Business analyst Mark Lacter, where do you see the best of it here?

Mark Lacter: You see the best of the economy, Steve, with all kinds of startup activity - much of it tech-related - and you also see the large number of auto sales, the improved housing market, and the record number of people visiting Southern California - all indications of a growing economy.  But then, you have the other L.A. economy, with large numbers of families struggling to make ends meet, and seeing very little sign of recovery.  You know, the government has been releasing income data covering the last few years, and what you see is that the disparity between the richest 1 percent and the other 99 percent is at its widest point since the 1920s.  You especially see that kind of bifurcated economy in Southern California, which has some of the wealthiest people in the country, and also some of the poorest.

Julian: Now, the split between rich and poor has been happening for a good long time, hasn't it?

Lacter: Yes, but L.A. is in a special class because there are so many immigrants with limited job skills - in fact, a new study by the UCLA Anderson Forecast says it's a much higher percentage than immigrants living in Miami, San Francisco, and New York.  What's interesting is that 20 years ago the job skills among immigrants were significantly higher in L.A.  Limited job skills mean there's very little opportunity to move up the income ladder.  That factors into buying homes, sending your kids to college - really becoming part of the middle class.

Julian: I imagine that's particularly true for factory work…

Lacter: Yes, some of the same jobs that newly-arrived immigrants in previous generations would gravitate to.  Today, many of those jobs are gone, and they're being replaced by positions that require greater skill that's borne out of greater education.  And that, of course, is another problem: a sizable percentage of recently-arrived immigrants never finished high school, much less college, and that makes it even less likely that they'll be able to move up.

Julian: Related, or unrelated, to the recession?

Lacter: Actually, L.A. had serious income inequality in December of 2006, before the recession, when the county's unemployment rate was just 4.3 percent - a stunningly low rate when you consider that as of July, the jobless rate was almost 10 percent.  This points out that the division of haves and have-nots can happen even when the economy is doing well.

Julian: And it seems the last C-17 to be built for Air Force is a reminder of wage gap.

Lacter: That's right - it'll be up to foreign customers to keep the program in Long Beach alive.  Boeing currently has an order from India for 10 of the cargo planes, which will keep the line moving through the third quarter of next year.  Frankly, the only reason the C-17 has lasted this long is heavy political pressure by congressional lawmakers whose districts have an economic stake in the program.  At one time, as many as 16,000 people may have worked on the C-17 in Long Beach, but that number has fallen sharply over the years.

Julian: Still, this is the last airplane manufacturing plant in Southern California.

Lacter: And that, of course, speaks volumes about the state of the aerospace business, which had been one of the main economic drivers back in the days leading up to World War II.  Aerospace continued to be very important until the end of the Cold War, when you had a huge industry consolidation that resulted in the loss of tens of thousands of local jobs throughout the 1990s.  There's still quite a bit of aerospace activity locally that involves missiles, satellites, and electronics - both for the major defense contractors like Boeing and Northrop, and for smaller contractors and sub-subcontractors that still get a piece of the military pie.

Julian: But most of them require high skill levels…

Lacter: Yes, and that gets us back to the folks who are stuck in low-paying jobs with little prospect for moving up.  This is what the L.A. economy is all about, the good and the bad.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

For those of us who can't afford to fly Business Class, design studio JPA has designed a better Premium Economy seat.

The new design takes cues from a wingback chair, providing greater privacy on either side of your head.

A nice, unexpectedly elegant design touch is this reading light integrated into the headrest.

Thigh support is offered when the seats recline.

There's also a footrest you can fold down.

The seatback monitors are gigantic, and the seatback tray has been replaced with a phone/tablet tray, in case you want to supplant the onboard programming with your own.

The trays are now located in the armrests.

The non-tray armrests of each seat feature a storage compartment with a light and a USB-C port.

Between the seats, on the center console are conventional power outlets.

The new seat designs are slated for Cathay-Pacific's 777-300ER wide-body planes.

Event Begins: Thursday, November 14, 2024 4:00pm
Location: Lorch Hall
Organized By: Department of Political Science

*The Ford School's International Policy Center is a co-sponsor of the 2024-2025 Political Economy Workshop events.*

Tuesdays, 1:00 - 2:20 pm

Eldersveld Room, 5670 Haven Hall

Faculty Coordinators: Hoyt Bleakley, Edgar Franco-Vivanco, Mark Dincecco, Iain Osgood

Graduate Student Coordinators: Jun Fang and Pedro Luz de Castro

Fall 2024

9/26: Christopher Blattman, University of Chicago (Thursday, 4-5:20pm, 201 Lorch) (joint with Economic Development Seminar) (note different time and place)

10/22: Volha Charnysh, MIT

11/5: Hoyt Bleakley and Paul Rhode, UM Economics

11/14: Ceren Baysan, University of Toronto (Thursday, 4-5:20pm, 201 Lorch) (joint with Economic Development Seminar) (note different time and place)

11/21: Saumitra Jha, Stanford University (Thursday, 4-5:20pm, 201 Lorch) (joint with Economic Development Seminar) (note different time and place)

12/3: Cristina Bodea, Michigan State University

Winter 2025

2/4: Amy Pond, Washington University in St. Louis

2/11: Megan Stewart, UM Ford School of Public Policy

2/25: Luis Schenoni, UCL

3/11: Hye Young You, Princeton University

4/8: Layna Mosley, Princeton University

4/15: Aditya Dasgupta, UC Merced

4/22: Christopher Paik, NYU Abu Dhabi

More hawkish comments from the St Louis Fed President

• Inflation data is also stronger but has not yet changed view that policy is on a path to neutral
• There is likely space for a gradual easing of policy towards neutral rate
• Stronger data likely pushing Treasury yields higher
• Too soon to understand new administration
• Rising bond yields also offer a sense of higher inflation risk and some sense the Fed may not cut as much

Non policy-related comments.

For a country that has long prioritised a balanced lifestyle and good governance over economic gain, Bhutan is doing something it has never done before: embrace more independent, cost-conscious travellers in an urgent bid to revive its faltering economy.

The U.S. is now an oligarchy where the wealthy control the economy and the politics (through fake news).

Russia is facing the mounting risk of stagflation, a think tank tied to the Kremlin said. The nation's high interest rates will trigger an economic a downturn while inflation remains high, TsMAKP said. Tight monetary policy is costing Russian business profitability and risks spurring…

The U.S. is accusing Russia of preparing to cut undersea cables which carry Internet traffic all over the world, and Russia is accusing western powers of preparing to do the exact same thing.  In some cases, these undersea cables literally stretch from one continent to another, and so it is impossible to guard them.  That …

Liberals keep claiming that Joe Biden’s economy is doing wonderfully, yet inflation continues to skyrocket, hitting the middle and lower classes particularly hard. By the end of October, for instance, inflation jumped again with the Consumer Price Index increasing 0.2 percent, according to Wednesday’s report from the Bureau of Labor Statistics. Per CNBC: Inflation perked […]

The post Inflation Still Skyrocketing Under Joe Biden’s ‘Great’ Economy appeared first on The Lid.

"The Russian economy is effectively facing the threat of stagflation — simultaneous stagnation or even recession and high inflation."

Government's renewable energy programme has brought billions in investment, decreased load shedding, and empowered black South Africans.

The following article, ‘Delusional’: Poor Whoopi Goldberg Complains She, Too, Suffered Under Biden Economy, On $8 MILLION Annual Income (Video), was first published on Conservative Firing Line.

One social media commenter summed it up succinctly: “Boo hoo.” That was a reaction to multi-millionaire entertainer Whoopi Goldberg’s claim that she, too, works for a living and struggled under the economy of the past few years. That would be the economy under Joe Biden and Kamala Harris, who Goldberg pushed in the 2024 election, …

Continue reading ‘Delusional’: Poor Whoopi Goldberg Complains She, Too, Suffered Under Biden Economy, On $8 MILLION Annual Income (Video) ...

Private investment hasn’t really taken off as expected and industry watchers ascribed that to lack of adequate demand. With Trump slated to be next in the White House, how dark do things really look for India?

With the aim of enhancing UK’s economy, London is seeking favor from Indian startups and software companies.

Noting that India has great potential to become the most digitized economy globally in mere seven years, Microsoft founder Bill Gates has dubbed the government's demonetization measure as a "bold move".

Wainwright Marks Management – Strong wage growth could provide much needed support for UK economy facing stress of Brexit uncertainty.

Wainwright Marks Management - US economy enters 10th year of growth as global economic peers stumble.

Wainwright Marks Management – Decline in labor productivity contributes to Australia's economic woes.

Joe Spencer has seen plenty of booms and busts in his hometown of Detroit over the years running his small business, Louisiana Creole Gumbo since 1983. He watched as the auto industry imploded and housing collapsed, and he grit his teeth through the subsequent recession.

But these days, things are looking up for his resilient restaurant, famous for its gumbo served five ways. It hit $1.2 million in sales last year, leading him to open a second location.

Now one thing is on his mind: How Donald Trump stands to impact the economy, and what might that mean for endeavors like his around the country.

complete article

Despite recent stock market turmoil, everywhere you looked this year someone was heralding the strength of the economy, which grew at 3.5 percent in the third quarter. However, not all economic growth favors small businesses, and some even detracts from it. The Inc. Entrepreneurship Index, which measures the quarterly health of the U.S. startup economy, currently sits at 83 out of 100 for the third quarter of 2018. This is down two points from the second quarter and a full nine points from the first quarter of 2017, when our Index peaked. Our indicator sees one factor in particular still dragging like an anchor on the startup economy: job growth.

Even though overall economic conditions have been largely favorable, small businesses have hit a growth ceiling as larger companies--bolstered by generally strong market conditions, favorable tax policies, support from local governments, and easing federal regulations--have been gobbling up talent. This is why, for the past year, the Index has shown a startup economy that is strong but slowing.

complete article

Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade deal with China and the signing of the USMCA. This is a sharp turnaround from the lows seen last summer as trade turmoil weighed on Main Street’s outlook.

complete article

The face-covering business went from zero to crazy money in five months, with manufacturers pivoting production lines and brands seizing the moment to advertise.

An investment in sports by a country can have a huge and beneficial effect on it's economy.

These scams, which target victims through emotional manipulation and false promises of romance or investment opportunities...

[Daily Trust] A senior market analyst at FXTM, Lukman Otunuga, yesterday said the victory of Donald Trump in the United States presidential election may pressure oil prices and trigger inflation in a concomitant effect on the local economy in Nigeria.

Inflation on the Rise: भारत में खुदरा मुद्रास्फीति में वृद्धि और औद्योगिक उत्पादन में मजबूत सुधार के बीच एनडीटीवी की साक्षी बजाज ने भविष्य में आने वाले समय और दीर्घ अवधि में भारत की अर्थव्यवस्था की स्थिति पर बात की.

The made-in-India BSA Gold Star 650 has been available overseas for a couple of years but Classic Legends has now launched the bike in India. That gave us a chance to pit it against its closest competitor, the Royal Enfield Interceptor 650 and also to see how fuel efficient the engine is

BSA Gold Star 650 real world fuel efficiency

Our fuel efficiency tests are split into separate city and highway runs. The city run was conducted on a variety of roads in South Mumbai with everything from jam packed traffic under the JJ Flyover to faster, more flowing traffic down Marine drive. After covering over 40km, the bike returned 22.96kpl. With that completed, we then covered about 60 kilometres of highway riding while holding speeds of 70-80kph. In this test, the BSA Gold Star’s mileage increased to 29.14kpl. 

BSA Gold Star 650: fuel economy analysis

It is worth noting that while these numbers are a little lower than the Royal Enfield Interceptor 650, the BSA actually proved to be slightly quicker in our performance tests, despite being tested in wet conditions. 

The Gold Star weighs slightly less than the Enfield, but its big single cannot match the RE’s smooth parallel twin engine when it comes to fuel efficiency, although it makes up for this with more low and midrange torque than any other made in India motorcycle.

Autocar India’s fuel efficiency testing

Our fuel efficiency testing routine starts off by first brimming the tank and ensuring that the bike is running the manufacturer's recommended tyre pressures. The bike is then ridden on fixed city and highway routes, where we maintain pre-decided average speeds that best mimic real-world scenarios for the bike in question. The payload on the bikes is kept constant by balancing rider weights and ballast, ensuring consistency across different vehicles and riders. At the end of the test cycle, the fuel tank is once again filled to the brim, giving us an accurate figure of how much fuel has been consumed, against the trip metre reading.

Also See: BSA Gold Star 650 vs Royal Enfield Interceptor 650 comparison review

BSA Gold Star 650 road test, review

Bajaj Pulsar NS400Z real world fuel efficiency

Bajaj Pulsar NS400Z: fuel economy analysis

Autocar India’s fuel efficiency testing

Bajaj Pulsar NS400Z real world fuel efficiency

Bajaj Pulsar NS400Z: fuel economy analysis

Autocar India’s fuel efficiency testing

Frederica is at the coffee hour in her own parish today with her guest Dn. Tom Braun as they discuss ways to make yourself more valuable on the job.

Frederica shares an email she received which triggered thoughts on the important relationship between community and economy.

In today’s episode, I sit down with investor, entrepreneur, and content creator, Sahil Bloom (in front of a live audience) to unpack the key strategies and lessons that will help you achieve longevity and sustainability in the creator economy. Sahil has had a fascinating journey, transitioning from the world of private equity to making a […]

Economy Minister Conor Murphy has said he hopes Trump will not bring "uncertainty" to US/Irish business relations.

Mayor of London says increasing access to affordable housing is vital to the city's economic growth

With the expansion of business scope, the environment faced by enterprises has also changed, and competition is becoming increasingly fierce. Traditional financial systems are increasingly difficult to handle complex tasks and predict potential financial risks. In the context of the digital economy era, the booming financial sharing services have reduced labour costs and improved operational efficiency. This paper designs and implements an intelligent financial sharing platform, establishes a fund payment risk early warning model based on an improved support vector machine algorithm, and tests it on the Financial Distress Prediction dataset. The experimental results show that the effectiveness of using F2 score and AUC evaluation methods can reach 0.9484 and 0.9023, respectively. After using this system, the average financial processing time per order decreases by 43%, and the overall financial processing time decreases by 27%. Finally, this paper discusses the role of intelligent financial sharing platform in accounting transformation and optimisation of production.

The face of the hospitality sector in India is continuously changing and in times of career transitiveness, it is important to know the factors that support a successful career. The current research aims to explore the relationship between career planning, employee optimism, career adaptability and career satisfaction in the Indian hospitality sector. The study included 283 employees from Indian hospitality sector. Additionally, the study used SEM and bootstrap method to measure the dual mediating relationship between career planning, employee optimism dimensions, career adaptability dimensions, and career satisfaction in Indian setting. The results indicated that optimism dimensions and career adaptability dimensions partially mediate the relationship between career planning and career satisfaction in Indian hospitality sector. The study suggests useful implications for academia and industrial purpose. The limitations and future research avenues have been discussed. The study would contribute to the sparse literature on employee optimism, career planning, career adaptability and subjective career success. It would contribute to the social cognitive career theory (SCCT).

Aim/Purpose: Two research objectives were addressed in this study. The first objective was to determine the effect of knowledge management orientation behaviour on business performance, and the second objective was to investigate the mediating effect of market orientation in the relationship between knowledge management orientation behaviour and business performance. Background: In business strategic perspective, the idea of knowledge management has been discussed widely. However, there is a lack of study exploring the notion of knowledge management orientation especially in the perspective of Indonesia’s creative economy sector. Methodology: One hundred and thirty one participants were involved in this study. They were economy creative practitioners in Indonesia. Data were analysed by using Partial Least Squares. Contribution: Upon the completion of the research objectives, this study contributes to both theoretical and practical perspectives. From a theoretical standpoint, this study proposes a conceptual model explaining the relationship among knowledge management orientation behaviour, market orientation, and business performance in Indonesia’s creative economy sector. As this study found a significant effect of knowledge sharing in market orientation and market orientation in business performance, the study showed the mediation role of market orientation in the relationship between knowledge sharing and business performance. From a practical perspective, this study implies a guideline for business practitioners in enhancing business through the application of knowledge management orientation behaviour. Findings: The results show that organizing memory, knowledge absorption, and knowledge receptivity has a direct significant effect on business performance. However, in affecting business performance, knowledge sharing must be mediated by market orientation. Recommendations for Practitioners: Based on the results of the study, practitioners should enhance their behaviour in implementing knowledge management in terms of increasing business performance. In addition, it is suggested that business practitioners must be market driven, as market orientation was found to have an important role in affecting business performance. Recommendation for Researchers: Future researchers might integrate other constructs such as innovation, marketing capabilities, or organizational learning with this current conceptual model to have more comprehensive insight about the relationship between knowledge management orientation and business performance. Impact on Society: This study suggests that business practitioners must have knowledge management driven behaviour as well as market orientation to enhance the performance of their business. Future Research: Future research might add other variables to make the conceptual model more comprehensive and also replicate this study into different industrial settings.

The world's economies are attempting to transform themselves to have a greater focus on developing knowledge as a commodity through innovation. Innovation starts with a creative activity that yields an invention but is augmented through a systematic value driven knowledge management system to yield new knowledge that can create a competitive advantage. To succeed in such an economy, organisations must have or develop the talent that can produce and use information effectively, they must have an ambidextrous organisational structure that allows them to innovate and produce simultaneously, and they must have an innovation management system to sustain effective innovation. In this paper we show how to augment existing university courses to simultaneously develop subject matter and innovation skills in students. We also suggest the incorporation of the new Innovations Management System Standard Series ISO 56000 into business curricula to better prepare students to function in the knowledge economy.

Ecology and Economy for a Sustainable Society
This year’s Trondheim Conference on Biodiversity has been organized to be held from May 27 until May 31, 2013 in Trondheim, Norway.  The conference will go under the "Ecology and Economy for a Sustainable Society" slogan and will be aimed at exploring how to cut development pathways towards a sustainable society by aligning policy, business, economy and ecology across borders, scales and systems.
Since the first Trondheim Conference held in 1993, the world population has grown by 25 %, the total GDP by 75 % and world trade has tripled. Despite positive achievements, loss of biodiversity along with global warming is undermining human wellbeing, especially that of the poor and vulnerable. Those issues and finding suitable solution will be on the main agenda of the 2013 Trondheim Conference.

Participation and registration
Participation in the conference is by invitation only. Each country has been invited to send two experts, one from each field of biodiversity and economy/planning. Invitees may register for the conference on the Participation and registration page.

The Global Bioeconomy Summit 2015 will take place on 25 & 26 November at the Berlin Congress Center (BCC), Berlin, Germany.

Food security, sustainable development, economic growth and the conservation of scarce natural resources – the promises of bioeconomy are manifold. The Global Bioeconomy Summit is the first community building platform to discuss bioeconomy policies globally. This summit builds on the post 2015 development goals to start a multilateral agenda setting process for a sustainable bioeconomy. For this purpose the German Bioeconomy Council invites more than 500 leaders from policy, research, industry and civil society to Berlin.

For more information about the congress and registrtion, please visit: http://www.gbs2015.com/home/

Are contractors who pay their employees cash or who misclassify their workers as “subcontractors” for the purpose of avoiding taxes, worker compensation insurance cutting into your business?

A report commissioned by the government and Power to Change says there are more than 6,300 such undertakings

As Earth Day 2024 spotlights ways to eliminate plastics, the Wege Prize is shining a spotlight on its innovative student teams that have created real-world solutions recently.

Washington — The AFL-CIO has outlined steps it says all levels of government should take to protect workers from exposure to COVID-19 before reopening the economy.