From DSC:
Who is going to pay for the now $17+ trillion in national debt? Let’s bite the bullet and whittle this down as quickly as possible — so our children don’t have to (nor their children either).
Be forewarned!!! If you let your eyes and mind take in how fast the debt is increasing, it will amaze — and depress — you. Are we seeing a nation in decline right in front of our faces?
A true or false question for the Econ Students/Faculty out there:
If we don’t get a handle on this, 100% of every dollar will have to be applied towards paying our national debt.
If true, what can we do to turn this around, ASAP?
If false, why is it false and what are the more relevant concerns?
What are the ramifications of this on the American people? On people throughout the world? On education? On healthcare? Other?
Many of these presentations will be live streamed at:
Also see:
Fed’s $4 trillion in assets draws lawmakers’ scrutiny — from bloomberg.com by Jeff Kearns
Excerpt:
The Federal Reserve’s balance sheet is poised to exceed $4 trillion, prompting warnings its record easing is inflating asset-price bubbles and drawing renewed lawmaker scrutiny just as Janet Yellen prepares to take charge.
From DSC:
Is connectivity a human right? — by Mark Zuckerberg
Also see:
Employment & Sustainability: Report of the Cornell ILR School 2013 Roundtable on Employment and Technology — from ilr.cornell.edu
Excerpt:
The Great Recession has compounded the ongoing forces of technological change and globalization to drive an even more profound transformation in the relationships between Americans and work. Jobs are disappearing, skill sets are a moving target and the evolving concept of earning a sustainable living is becoming increasingly complex and, for many, increasingly remote.
The Cornell ILR School, a renowned leader in advancing the world of work, recognizes that today’s and tomorrow’s challenges demand a new paradigm, one that joins together the many highly educated – but also siloed – discussions about employers’ use of new technologies and the impact on quality job creation.
On April 12, 2013, the ILR School convened 40 economists and engineers, academics and corporate executives, social scientists and philanthropists, policy makers and journalists and statisticians in a ground-breaking, cross-sector, invitation-only dialogue. It was a day full of agreement, fervently diverse opinions and insights – notably that most participants had never before discussed these issues with such a varied group of stakeholders, and that the country’s best hope for reaping widespread gains from technological progress rests on continuing and expanding such discourse.
Also see:
Should we fear “the end of work”? — from pbs.org by Frank Koller
Excerpts (emphasis DSC):
Key points raised and addressed:
Overall, there was widespread agreement that a much broader and more vigorous national discussion is needed regarding the short- and longer-term impacts of technological advances on the nature of work, the creation and elimination of jobs, and the ability of U.S. workers to earn a sustainable living.
…
“There is a real need for corporate leadership, and there is a need for accountability. When companies engage in productivity layoffs with record profitability, unprecedented levels of cash and all-time-high stock prices, no one in the media says, ‘Isn’t this terrible?’ No political leader speaks up to protest. We don’t hear anything from the labor unions. The companies are applauded for it because they’re cutting costs and improving profitability, and that’s supposedly what a company exists for. But it’s not that simple. They do have other responsibilities.”
…
“In terms of a market failure, it’s the reality that it’s not in the interests of any individual firm in the United States to try to solve the jobs problem. So, we’ve got to figure out a way to deal with that…and the only way that you solve this is by getting people and institutions and organizations to work together, to engage these issues collectively.
“It’s about an institutional failure over the last 30 years. With the decline of the labor movement, you’ve seen a lot of institutions go downhill equivalently. We don’t see the kind of dialogue, we don’t see the enforcement of our social norms and social policies that discipline corporations, and that really provided the kind of collective spreading of wage patterns and wage norms across the society.
“We’ve got to rebuild those, but we can’t try to rebuild them in an old-fashioned way. Now we’re in a more digital economy, a more knowledge-based economy, and we need to invent the new institutions that will cut across and aggregate these interests to address these challenges. We’ve got to get the education community working with business and employers, working with labor and civil society.
“I’m not a believer that technology is going to naturally eliminate jobs and cut income, but if we don’t do anything about it, if we just leave it, as we have, to individual market forces and to individual corporate actions and to individual technology innovations, then that’s probably where we are headed.
4 ways higher ed has changed, post recession — from the Associated Press (via ABC News in this case) by Justin Pope, AP Education Writer
Excerpt:
More urgent. More crowded. More expensive. Also, more flexible and accessible to millions.
That, in a nutshell, is how higher education has changed around the world in the wake of the global financial crisis that struck five years ago, and the Great Recession that followed.
Here’s how it happened…
Is content the new currency? — from fastcocreate.com by Geoffrey Colon
.
Also see:
The Internet of Things: When GE sees a $ trillion opportunity, you might want to take it seriously. — from thebln.com by Mark Littlewood
.
— The link/posting above is from March 12, 2013
— The item below is from November 26, 2012
Some sample images: