Archive for January, 2012
The iPhone economy
Posted in globalization on January 24th, 2012 by Paul Deng – 1 CommentHow today’s globalization of manufacturing has changed American labor market.
How different are the spillover effects of manufacturing jobs vs. service jobs.
Do more choices make people happier?
Posted in economics on January 22nd, 2012 by Paul Deng – Be the first to commentIt’s one of the fundamental assumptions in economics that people’s welfare will improve with more choices, and more varieties. In the following TED video, Sheena Iyengar at Columbia challenges such view with some vivid examples. She also offered some clever ways to avoid the problem of choice-overload.
Another strong reading on weekly jobless claims
Posted in Economy on January 19th, 2012 by Paul Deng – Be the first to commentOn Thursday, the 4-week moving average of weekly jobless claims reached the lowest level since April 2008. The US labor market continues to show sign of thawing.
If this trend continues, consumer confidence is likely to bounce back. Then the US will be on the track of a virtuous cycle: business investment will follow, so will bank lending. We need to wait for more data in coming weeks to confirm such trend.
Jim O’Neill updates on Chinese economy
Posted in China on January 17th, 2012 by Paul Deng – Be the first to commentJim O’Neill, Chairman of Goldman Sachs Asset Management, discusses his outlook on China and global economy.
