Daily Archives: April 21, 2017

Schäuble defends German trade surplus in the US | Business | DW.COM | 20.04.2017

April 21, 2017 By in Brexit, Business Administration, Defense Policy, Economics, Euro Crisis, Fiscal Policy, Foreign Policy, Politics Leave a comment

In an interesting article, Germany’s DW reports that the German Finance Minister has rejected US charges that Germany’s trade surplus is a sign of unfair policies and called on the Trump administration to remain engaged in trade liberalization.

Source: Schäuble defends German trade surplus in the US | Business | DW.COM | 20.04.2017

Personally, I think that the sparks will fly. Schäuble has fired the opening salvo and he’s a wily politician who’s been around a long time. But perhaps it’s time for Germany to change too?

Thoughts?

Robot revolution: The economics of automation | World Economic Forum

April 21, 2017 By in Business Administration, Economics, Fiscal Policy, Growth, Healthcare, Immigration, People, Politics, Science 1 Comment

In this excellent WEF article, Mauricio Armellini and Tim Pike explore the potential consequences of artificial intelligence on the economy.

Source: Robot revolution: The economics of automation | World Economic Forum

For me, the risks are real. But the challenge is the size of the risks and how they are mitigated. Surely, for the moment, most Western governments are in denial about the Fourth Industrial Revolution?

Young people and forward-thinking parents need to buck the trend and give today’s youngsters the survival skills so that they do not become a social as well as economic causality.

Thoughts?