The Battle for Income Equality
by Dan Lieberman, Alternativeinsight
Questioning the statistics in Thomas Piketty's best selling book, Capital in the Twenty-First Century, with intent to undermine his thesis, is futile. Even if Piketty's alert to the economics community that returns on investment have exceeded the real growth of wages and output, which means that the stock of capital is rising faster than overall output, may not be exact, the criticism has neglected to upset the conclusion - severe income inequality and inequitable wealth distribution doom the capitalist system to an eventual collapse, and a more narrow distribution keeps it going.
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Weekend Market Commentary: Special Edition
Weekend Market Commentary For 07-05-2014
UPDATED:1000 EST 2014-07-05
I do not see the market bear that others are seeing, please show me where I am wrong! The markets climbed to new highs this past week, Fed Chair Yellen doesn't see any problems and the $VIX has reached the lows last recorded in 2007.
What can possibly go wrong?
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Inside NASAs SOFIA Airborne Astronomical Observatory
The world's largest flying observatory NASAs Stratospheric Observatory for Infrared Astronomy or SOFIA is a unique space science asset. SOFIA incorporates a 19 ton German built telescope with a diameter of 2.5 meters in a Boeing 747SP.
What We Read Today 05 July 2014
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- The EU's Right To Be Forgotten Is A Mess & How Google's Making It Worse (Danny Sullivan, Search Engine Land) Hat tip to Alun Hill.
"The road to hell is paved with good intentions," the saying goes. There are plenty of good intentions with the EU's Right To Be Forgotten mandate, as well as Google's attempt to meet new obligations under it. Things are still going to hell regardless.
Using States as Economic Laboratories
Written by Steven Hansen
Economic theory is interesting. There never has been "scientific" proof documenting how any theory performs against the wide range of economic dynamics because there is no experimental control sample for comparison. Like most of us, I have opinions (based on theory) but I do not confuse opinions with data or facts.
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How Many Apps Do U.S. Smartphone Owners Use Per Month
by Felix Richter, Statista.com
It's been almost six years since Apple opened the App Store in July 2008. Since then, a lot has changed.
Tablet Use Becoming More and More Widespread in Multiple Sectors
About Small Caps Article of the Week
by Allen Caron, About Small Cap
The University of Pittsburgh Medical Center recently announced that it will be deploying at least 2,000 Microsoft Surface Pro 3 tablets throughout its system. According to an article by MobiHealthNews.com,
'Dr. Rasu Shrestha, Vice President of Medical Information Technology at UPMC and a practicing radiologist, described the ease with which a clinician could swipe between health IT systems as only requiring a 'swipe' of the screen.'
Shinzo Abe and the Three Magic Arrows
by Andy Sirkis, Mises.org
Despite claims to the contrary in the mass media, Japan's economy is continuing to suffer mightily under the leadership of Prime Minister Abe Shinzo. Abe is from a famous family and he's a convincing talker, so he was able to bamboozle people into believing that he could make Japan prosper with his three arrows. These metaphorical arrows stand for 'monetary stimulus,' 'fiscal stimulus,' and 'structural reform.'
Shinzo Abe's Whale-onomics
by John West, Asian Century Institute
Shinzo Abe is extremely slow in launching the structural reform "arrow" of his Abenomics program. But he has been quick to decide that he wants Japan to resume its annual whale hunt in the Antarctic.
The Concrete Scowl
The Chart of the Week 03 July 2014
Written by John O'Donnell, Online Trading Academy
There is a relationship that applies to most of the world. I call it the concrete scowl. The very poorest countries have little infrastructure and other construction. Countries with modest wealth tend to spend more on construction than poorer countries. But when wealth increases further construction tends to decline again.
Cement consumption is discussed in video following the Read more >> jump.
Organization Calls BS on Lack of Money for Schools in UK
Econintersect: An organization (Positive Money) in Great Britain calling for money to be issued directly by the government rather than by the banks, claims government cancelation of a program to rebuild 715 schools because "they'd run out of money" was actually "one of the biggest missed opportunities in history."
Infographic of the Day: 7 Tips to Successfully Open a Restaurant
We are privileged to have some of the best restaurant owners in the world use our systems.
Investing.com Weekly Wrap-Up 04 July 2014
European stocks hold steady in quiet trade; Dax down 0.03%
by Investing.com Staff, Investing.com
European stocks held steady in quiet trade on Friday, after strong gains were posted on Thursday following comments by European Central Bank President
Mario Draghi and as downbeat German factory data weighed.
During European afternoon trade, theDJ Euro Stoxx 50 fell 0.15%, France'sCAC 40 eased 0.05%, while Germany'sDAX dipped 0.03%.
Britain's App Industry Is Ready for Takeoff
from Felix Richter, Statista.com
by Niall McCarthy
According to a study carried out by VisionMobile, app development in the United Kingdom is set for a period of steady growth.
