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Technological progress has been at the heart of economic growth for two centuries. Some authors, however, have suggested that product and process innovation are running out of steam
Back in March, I wrote about Paul Krugman and Charles Plosser’s takes on near-zero nominal interest rates and household saving. Both noted that households were deleveraging and the zero lower bound was binding. Both agreed about Krugman’s diagnosis of a “persistent shortfall in aggregate demand that can’t be cured using ordinary monetary policy.” But their suggested cures were quite different.
for decades following World War II, wages across the board closely tracked productivity. In recent decades, however, while average wages (almost) track productivity growth, wages for the vast majority of Americans have not.
The significant acceleration in infrastructure investment was clearly the major push. Although this set of data puts clear upward pressure on our short-term forecast, the dominating role of infrastructure played in the sudden turn-around confirms our concern over the sustainability.
A vaccine for the monkey equivalent of HIV appears to eradicate the virus, a study suggests. Research published in the journal Nature has shown that vaccinated monkeys can clear Simian Immunodeficiency Virus (SIV) infection from their bodies.
Mr Walker also highlighted the fact that Bay Trail can support both Android and the full Windows 8 operating systems, allowing manufacturers to offer hybrid tablets that allow their owners to swap between the two environments.
On Wednesday at the 2013 Intel Developer Forum (IDF) Intel Corp. (INTC) at last delivered its answer to Qualcomm, Inc.’s (QCOM) Snapdragon 800 and NVIDIA Corp.’s (NVDA) Tegra 4i. That answer is Intel’s latest Atom low-power system-on-a-chip (SoC) platform named Bay Trail, which is now officially launched and headed for holiday devices under the Z3000 branding.
Key to Intel’s plans to gain ground in the mobile space (tablets, smartphones) — where it continues to struggle — and to retain leadership in the traditional PC space is an aggressive path of die shrinks, which culminates with an unnamed 7 nanometer chip in 2017. Having delivered a 22 nm architecture refresh earlier this year (Haswell) Mr. Krzanich revealed that the world’s first 14 nm consumer chip will be shipping to partners before the end of the year.
Five years after Lehman Brothers’ bankruptcy plunged the global economy into chaos, over 11 million Americans remain unemployed — including nearly all Wall Street CEOs at the center of the crisis. But none of the executives have faced any criminal charges nor appear to be suffering for their contributions to the worst recession since the Great Depression. Quite the contrary.
The former CEOs of Wall Street’s biggest firms circa 2008 are “living in quiet luxury,” according to a report this week by The Center for Public Integrity. The 5 former CEOs examined by the Center – Dick Fuld (Lehman Brothers) Jimmy Cayne (Bear Stearns), Stanley O’Neal (Merrill Lynch), Chuck Prince (Citigroup) and Ken Lewis (Bank of America) — took home nearly $1.5 billion in total compensation from 2000 to 2008.
Let’s face it: Intel’s track record of anticipating trends in computing is, in a word, lousy. Intel didn’t truly embrace low-power computing until Transmeta forced its hand. The company has repeatedly squandered opportunities in the phone by fumbling its StrongARM processor, and Intel’s internal graphics program has struggled to keep its head above water until recently.
But the world is full of underappreciated people, innovations, and ideas that also save lives. A round of applause, please, for some of the oddball reasons, in no particular order, why people are living longer and healthier lives than ever before.
If your yoga teacher was fat – if you could see her body jiggle in her spandex – would you still respect her? Would you still take her class? Trina Hall wanted to find out.