economics   186028

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Progress: Who will pay the price? | Rob Norman | Pulse | LinkedIn
If one mall goes, all the retailers and suppliers have one less node across which to amortize their costs. This is the network effect in reverse. It's the domino effect. Play this out a little further. It's been said that 95% of privately owned vehicles are parked for 95% of the time. It's hard to imagine inefficiency on a wider scale. It's an open invitation to autonomous vehicles and the sharing economy. Progress; but, what happens to the aggregate demand for vehicles? What happens to the oil price, to the 75,000 employees of Exxon Mobil and the 200,000 employees of General Motors? For context the Union of Automobile Workers represented 1.5 million people in 1979; today it's less than 500,000 excluding retirees of which there are 900,000. An aging population relying on an ever reducing population in ever poorly paid employment.
retail  future  economics 
yesterday by dancall
From Amazon to Starbucks, Brands Are Finding New Ways to Sell Empathy - The Atlantic
And so, this moment of anxiety and creativity and cultural fracturing and political engagement and political apathy has brought a slight plot twist to the long and winding story of American advertising: It has gone and grown a conscience. The commercials that are ascendant at the moment are selling not just what ads so long have—power, prestige, beauty, glamour, sex—but also, more broadly, a vision of how those things can serve society. They are substituting claims about what is desirable for claims about what is right. They using their particular bully pulpit to moralize and sermonize and offer up, in the end, that most American of reassurances: that a better world can be achieved, because a better world can be bought.
capitalism  advertising  economics 
yesterday by chriskrycho
How Germany’s Anti-Keynesianism Has Brought Europe to Its Knees - wp_886.pdf
the German Reichsbank was actually an “independent central bank”
during both extreme episodes: the Weimar hyperinflation of 1922–23, and deflation of the early 1930s (Holtfrerich 1988). So one could rightly argue that Germany’s experience with central bank independence was actually very poor, with symmetry describing the kind of failures
produced; as did, for instance, Herbert Giersch, the godfather of “supply-side economics” in West Germany (see Giersch and Lehment 1981)

> also interesting: the idea of specialising in price insensitive exports
germany  economics  keynes  centralbank 
yesterday by Werderbach
Why American Farmers Are Hacking Their Tractors With Ukrainian Firmware
A dive into the thriving black market of John Deere tractor hacking.
hacking  economics 
yesterday by my-flow
What Next tells us about shopkeepers' woes - BBC News
A new dress or pair of shoes is no longer the go-to quick fix of choice, it seems.
Instead Next quotes Barclaycard figures which show the growth in spending on pubs, restaurants and entertainment, compared with High Street clothing in the last three months of 2016. "We believe that these numbers demonstrate the continuing trend towards spending on experiences away from 'things'," says Next. - via Howard
economics  trends  retail 
yesterday by dancall
Top Ten #ddj: The Week’s Most Popular Data Journalism Links | Global Investigative Journalism Network
Here are the top data journalism tweets for March 6-12, per our NodeXL mapping: ski resorts & climate (@SPIEGELONLINE); science reporting grants (@ddjournalism); chart chooser (Andrei Pandre); #Tapestryconf recap (@catmule); scraping MP data (@marcelpauly); US middle class fail (@nytimes); & more. via Pocket
IFTTT  Pocket  economics  journalismus  visualization 
yesterday by hansdorsch

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