Tag Archives: Revolution

California`s strong economic performance relative to other industrialized economies is driven by worker productivity

Califorias economy is bigger than the United Kingdom. If California were a country, it would be the fifth largest economy in the world. Wow! That is pretty impressive. California is home to four of the worlds ten richest people.

Its also home to four of the worlds ten largest companies by market cap. California has nearly 40 million residents and is the most populous state in the United States. Its GDP rose by $127 billion from 2016 to 2017, and their GDP surpassed $2,7 billion, according to federal data.

The United Kingdom has 65 million residents. Thats 25 million more than California, but interestingly it has a smaller GDP. The UKs capital and largest city is London, a global city and financial centre with an urban are the population of 10,3 million.

Californias economic juggernaut is concentrated in coastal metropolises around San Francisco, San Jose, Los Angeles and San Diego. It has 12 percent of the U.S population but contributed 16 percent of the countrys job growth between 2012 and 2017.

California`s strong economic performance relative to other industrialized economies is driven by worker productivity.

All economic sectors in California is growing, except agriculture, and financial services and real estate are the best sectors. Second is the information sector, which includes many technology companies.

California is known for being rich in gold and pearls, and the gold rush starting in 1848 led to dramatic social and demographic changes, with large-scale emigration from the east and abroad with an accompanying economic boom.

That`s 170 years ago.

Now, you can clearly see another boom; a tech boom. California has a thriving technology sector in Silicon Valley. The worlds smartest tech brains are there. So are the biggest tech companies. But the worlds entertainment capital can also be found in Hollywood, California.

All this makes California a global trendsetter in popular culture, innovation and politics. It is the origin of the film industry, the hippie counterculture, the internet and the personal computer, among others.

The San Francisco Bay Area and the Greater Los Angeles Area are widely seen as the centers of the global technology and entertainment industries. Many of the richest people live in San Francisco and the nation`s highest GDP per capita in 2016 was $94,000.

We have a revolution going on. So was it 150 years ago. The industrial revolution started in England. It was the name given to the first factory automation initially in the manufacture of Textiles. At that time, many current US state capitals did not exist.

At that time, London was the biggest city in the world, and England was the biggest trading nation. England produced more steel than the rest of the world put together, and steam engine driven trains were rapidly taking over long distance travel.

150 years ago saw a prolific range of inventions around electricity, culminating in the inventions of the electric light bulb and the electric motor.

Inventors in this field at this time were; Frenchmen Volta (1800 the Volt) and then Ampere (the Amp) followed by Oersted, Faraday and Maxwell. These inventors in Europe were followed by the American Edison probably the most prolific inventor of all time (1847 – 1931).

Edison produced the electric light bulb, the first public supply of electricity, the gramophone, the movies and the thermionic valve-later the triode.

English physicist Sir Joseph Wilson Swan also independently invented the electric light bulb (1860). He also invented Bromide paper (1876) still used today for photographic prints.

150 years ago telephone technology was invented. Initially the transmission of coded text messages over copper wire between England and France by Morse Code and then in the US Alexander Graham Bell invented the telephone to carry voice over the same wires in 1875.

Englishman Charles Darwin publishes his theory of «Origin of Species by means of natural selection» (Now of course supported by genetics. Then dangerous and revolutionary thinking flying in the face of the accepted «Creation» in the Bible.

Now, California and Silicon Valley is the place to be. A place with economic growth which is higher than the United Kingdom. This is an evolution.

 

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The global economy is more globalized today than during the peak of the early 20th century but will the open global economic order endure?

Globalization is one of the main reasons why President Trump was elected. He is now a President in the U.S because he often talked about their existing trade agreements, threatened to slap taxes on U.S companies investing overseas, renegotiate or withdraw from NAFTA, abandon support for the TPP, label China a currency manipulator and establish tariffs to name a few things.

President Trump did a lot of important things on his first 100 days and there is more to come. Welcome to the new world. A new era started when Mr Trump was elected.

The U.S is the world`s largest economy measured in market dollars. It is also the third most populated. Therefore, a withdrawal from the global economy is measurable, but America is not as globally integrated as we might think.

The U.S is the third biggest exporter, yet exports account only 13% of GDP. Main exports are capital goods (39%) and industrial supplies (28%). Others include: consumer goods (12%); %).automotive vehicles, parts and engines (10,5%); foods, feeds and beverages (7%).

Main exports partners are: Canada (19%), Mexico (14%), China (7%), Japan (4%), Germany (3%) and the United Kingdom (3%).

Exports of goods and services rose to an all-time high of USD 200,2 billion in November 2017.

The United States is also the world`s second largest importer. Main imports are; capital goods (29%) and consumer goods (26%). Others include: Industrial supplies (24%); automotive vehicles, parts and engines (15%); foods, feeds and beverages (5%).

Main Import partners are: China (19%), Canada (14,5%), Mexico (12%), Japan (6%) and Germany (5%).

Imports of goods and services rose to an all-time high of USD 250,7 billion in November 2017.

The United States has been running consistent trade deficits since 1976 du to high imports of oil and consumer products. The biggest trade deficits were recorded with China.

The U.S recorded a current account deficit of -2,60% of the country`s GDP in 2016. It reached an all-time high of 0,20% when Former President Ronald Reagan was inaugurated in 1981, but it declined all the years under his presidency.

 

 

 

Other countries can retaliate against Trump`s protectionist policies and that can start a trade war. But so far, so good. With an all-time high in Exports and Imports, Mr Trump must be doing something right.

If other countries don`t like the U.S liberal economic order, they can repudiate global norms and institutions that underpin the globalized economy. There is no doubt that emerging markets have benefited most from the open global economy, and we can clearly see members of the TPP seek to patch together the deal without the U.S.

But what happened to the first wave of globalization? The historical origins of globalization are the subject of ongoing debate. Let`s take a look at the globalization in the modern era. There are three epochs characterised by greatly increased international integration.

Europe and North-America were strongly affected by internationalization from 1860 to 1914. The flow of goods accelerated and capital moved freely between countries. Financial integration was more pronounced that it is today. Even international migrants was greater than it is today.

60 million people left Europe to seek their fortunes in the New World.

Important drivers behind the first wave of globalization were both the new technology and the fact that many countries began to embrace liberal trade policy after years of protectionism.

During the period 1500 – 1800, world trade increased by about 1% per year. After 1820 it increased by 3,5% and during the nineteenth century as a whole, trade in Europe increased by 40%. Great Britain was the world`s leading economy and the basis for the European free trade system was 1860 free trade pact between Great Britain and France.

Many other European countries subsequently aligned themselves with this free trade system.

Great Britain had introduced the gold standard in 1816 and during the nineteenth century the English pound sterling was the generally accepted currency of international business and many other countries introduced the gold standard.

Great Britain was the economic leader, but that Empire ended after World War II. The second wave og globalization started at the end of World War II and the new economic leader was USA. The American Empire started.

In the first wave we saw innovation of telegraph, steam engine, electricity and internal combustion engine. In the second wave jet plane was introduced. So was television, communication, satellites and container traffic.

The third wave started around 1980. It was a digital revolution and it refers to the advancement of technology from analog electric and mechanical devices to the digital technology available today. Advancements during the Third wave include the personal computer, the internet, and information and communications technology (ICT).

Now, we are here: the Fourth Industrial Revolution.

The fourth wave builds on the Digital Revolution, representing new ways in which technology becomes embedded within societies and even human body. It is marked by emerging technology breakthroughs in a number of fields, including robotics, artificial intelligence, nanotechnology, quantum computing, biotechnology, the Internet of Things, #D printing and autonomous vehicles.

The founder of WEF (World Economic Forum) Klaus Schwab is expected to see the heavy implementation of several emerging technologies with highly potential of disruptive effects.

Globalization collapsed after World War I, but resurgent after World War II. The breaking of globalization`s first wave a century ago is proof that the forces of global economic integration are neither irresistible nor irreversible.

Americas view on globalizations future has changed. For all I know, maybe Trump and his team are much less assured that the open global economic order will endure. The global economy is more globalized today than during the peak of the early 20th century.

Whether that implies globalization has reached unsustainable levels, or that no such levels exist, remains to be seen.

International trade has grown faster than total production. Ben Bernanke once said that he can do something with the monetary policy but he cannot do something with the productivity.

We are now living in a truly exciting phase of global economic development.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The Education Revolution is here

Tesla`s CEO Elon Musk is a father of five. He started a school for his own children. Enrollment stands for 14 right now and will increase to about 20 in September. It is an educational revolution going on.

Have a listen to the interview below. Elon Mush said in the interview that he hated going to school when he was a kid. It was torture, he told his interviewer on Chinese TV.

 

 

On January 1st, 2015, John Moravec sent out a document with the title: «Manifesto 15». «We are at a time in history that is ripe for worldwide rethinking of, and rapid change in, education.» He said that the current system of education is a dinosaur, and must change and is already changing.

Buckminister Fuller wrote: «You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.»

The National Education Association made a broader attempt to foster educational excellence with its Seven Cardinal Principles of Secondary Education in 1918. These were;

1. Health
2. Command of fundamental processes (reading and writing – oral and written expression – and arithmetic
3. Worthy home membership (fostering strong family bonds)
4. Vocation
5. citizenship
6. Worthy use of leisure time (to teach that it should enrich one`s life, not hinder it)
7. Ethical character

This is 97 years ago, and the big test came through the Great Depression. Many of the school programs in the U.S saw severe cuts, and the U.S school system experienced many shifts over the next decades.

A progressive reform known as Open Education started in the 1960`s and 1970`s. The idea was that the students should learn «their own way». In 1983, a report was titled; «A Nation at Risk: The Imperative for Educational Reform.»

The Encyclopedia of Education described how the report “found a ‘rising tide of mediocrity’ that threatened the nation’s future.” It felt that the nation “had engaged in unthinking, unilateral educational disarmament.”

Previous President in the U.S, George H.W. Bush tried to change the source of American education in 1989. He set a number of ambitious goals to be accomplished by 2000. Some of the goals was to increase the high school graduation rate to at least 90%, that U.S pupils would lead the world in science and mathematics, and that all schools would be free from violence and drugs.

By the early 21st century, desperation birthed the largest attempt yet by the federal government to overhaul education: the No Child Left Behind Act (NCLB). George W. Bush said if a public school did not perform well on designed tests, it risked losing some of its federal funding, but over a decade later, the desired results have not materialized.

No matter what they do, America has never been able to achieve widespread, lasting success. It`s time for an education revolution.

Educators all over the world face the problem of keeping up with the times. Rapidly changing technology introduces a towering question educators must ask: «Will the knowledge we are teaching now be obsolete in five years?»

The European commissioner for Education, Culture, Multilingualism and Youth, Androulla Vassiliou said: «Today`s young people are the most educated in the whole of European history and yet they find it hard to get steady work after graduation in spite of the two million unfilled vacancies across Europe.»

“Education can provide some answers. The crisis has revealed serious weaknesses in Europe’s educational systems. Indeed, it has sharpened what we expect from our education systems.
“Our goal is to make graduates more deployable, foster entrepreneurship and stimulate innovation. By combining entrepreneurship education and interaction with business, students can develop the practical skills, knowledge and attitudes that allow them to innovate…There is a lot at stake. Today, more than ever, it is education that can deliver social progress.

When we invest in education, we commit ourselves to the development of our citizens and the future welfare of our society.
“The health of a society depends on the quality of the education it imparts to its citizens.”
Consider: Europe has essentially achieved the UN goal of “Universal Primary Education.” Despite this success, it still grapples with failures in its school systems. Something more is obviously missing.

If you saw the interview above, you probably heard that Elon Mush said if you want to teach children how engines work, you wouldn`t want to first teach them all about wrenches and screwdrivers.

You would show them the engine, and ask how they would take it apart. Then a very important thing happens, which is that the relevance of the tools becomes apparent, he told the Chinese interviewer.

Musk said that his children love going to school now. So much that they really think vacations is too long.

That`s exactly how it should be.

 


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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. UA-63539824-1.

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Pinterest IPO

The biggest IPO last year was without any doubt Alibaba. It was the biggest IPO in history. How is it gonna be in 2015? Let`s face it; it`s not enough money out there to soak up all the shares, so I don`t think we will see a new Alibaba IPO in the near future.

pinterest

But there are many other interesting small companies planning to go public, and pinterest is one of them. Rumours have been in the market for a long time, but nothing have happened. They maybe think that 2015 is a bad timing?

Pinterest was first conceptualized in December 2009 by cofounders Ben Siberman, Evan Sharp and Paul Sciarra. The first prototype was launched in March 2010 and made available to a small group of colleagues and family members.

Baby photos and snapshots are still hot and people are still in love with social networking. Millions of people use social networking every day and Facebook is still the leader in this market. Facebook should pay attention to mobile social networking like Pinterest because here is where the next phase of growth is in the future.

Facebook is the biggest followed by Twitter, but what most people don`t know is that right behind Twitter is Pinterest. Facebook and Twitter is both noted on the stock exchange and the third biggest can be the next to go public.

Pinterest is revolutionising the world of interior design and the usage in Britain grew by about 130 percent last year. Millions of home dècor pins are pinned to the site every day. The site is not only a site for pinners.

It can also be a great commercial tool, and the site is one of the fastest growing platform for online content sharing, which means a good place to be for small businesses. If you ar more interesting in sport, food, cars, finance or business, you can simply save interesting articles with the Pinterest browser button.

The most popular categories on Pinterest are food & drink, DIY & crafts, woman`s apparel, home decor and travel.

Pinterest offers a visual discovery, collection sharing and storage tool, and the users can create and share the collections of visual bookmarks (boards). Boards can develop projects, organize events, or save pictures and data together.

Boards are created through a user selecting an item, page, website, etc, and pinning it to an existing or newly created board. Users save ans share pins from multiple resources onto boards based on a plethora of criteria, e.g similar characteristics, a theme, birthday parties, planning a vacation, writing a book, interior decorating or holidays.

This is a free website that requires registration to use. Once you are registered, you can upload, sort and manage images (known as pins) and other media content (video, images) through collections known as pinboards. No advertisements are displayed but companies have pinboards displaying their products.

Pinterest allows businesses to create pages aimed at promoting their companies online. Such pages can serve as a «virtual storefront». In a case study of a fashion website, users visiting from Pinterest spent $180 compared to $85 spent from users coming from Facebook. Studies also showed that Pinterest is more effective at driving sales than other forms of social media.

In early 2011, the company secured a $10 million USD Series A financing led by Jeremy Levine and Sarah Tavel of Bessemer Venture Partners. In October , after an introduction from Kevin Hartz and Jeremy Stoppelman, the company secured $27 million USD in funding from Andreessen Horowitz, which valued the company at $200 million USD. In May 2015, Pinterest was valued at $5 billion.

If you have your dream house, you should start on a Pinterest board.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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