Hundreds of thousands of refugees in northern Iraq could start making their way to Europe as the region runs out of cash to care for them, UN staff have warned. And as Bloomberg discovered, the weak oil price has exacerbated the problem. Here is a direct video link.
As old economy proponents ramble on about when they hope oil will rebound and save corporate profits–others are looking at the future not the past. Want to tap mammoth demand: focus on investments to increase efficiency in order to use less of everything. Focus on renewable energy sources pumped into continental smart grids and electric vehicles. Want scale? Want good jobs? The growth opportunities in these areas are massive and global.
Beth Comstock, vice chair at General Electric, explains the company’s clean energy project “Current” that helps partner companies better manage energy consumption and the use of the internet of things to spread energy efficiency. Here is a direct video link.
The maker of electric cars and energy-storage devices had 1,656 job openings posted as of Monday afternoon. Among them: a radar engineer with one to three years of experience with automotive radar systems; a manager to establish a service operation in Mexico City; product specialists in cities from Amsterdam and Milan to Shanghai and Chengdu. Here is a direct video link.
Lakshman Achuthan, co-founder at ECRI, Berkeley Professor Barry Eichengreen, and Brian Angerame, portfolio manager at Clearbridge Investments, discuss how the U.S. dollar and global politics play into the downward slide of commodities prices. Here is a direct video link.
The demand bust playing out today was purchased by the credit driven boom which spurred over-capacity and oversupply while destroying purchasing power under the weight of record debt. This global slump has been well earned through reckless policies. Here is a direct video link.
