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Gene Ellis

The Economist explains: How countries calculate their GDP | The Economist - 0 views

www.economist.com/...economist-explains-26

shared by Gene Ellis on 25 Apr 14 - No Cached
  • How countries calculate their GDP
  • Simon Kuznets, a Russian emigrant to America, is credited with creating the first true GDP estimate, for delivery to America’s Congress in 1934
  • Output can be measured in three (theoretically equivalent) ways: by adding up all the money spent each year, by adding up all the money earned each year, or by adding up all the value added each year. Some economies, including Britain, combine all three methods into a single GDP figure, whereas others, like America, produce different statistics for each.
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  • merica’s Bureau of Economic Analysis draws data from surveys of manufacturers, builders and retailers, as well as from trade and financial flows, among other sources. These data are used to estimate the components of GDP, such as total investment and net exports
  • Real, or inflation-adjusted, GDP is needed to compare figures across time periods, while GDP per person is best for understanding how individual incomes are evolving.
Gene Ellis

Why Europe can't think strategically | The World - 0 views

blogs.ft.com/...urope-cant-think-strategically

shared by Gene Ellis on 25 Apr 14 - No Cached
  • All international crises elicit predictions that, this time, the EU will finally be forced to grow up, and develop a real foreign policy strategy. Such expectations are usually disappointed. I don’t see why it should be any different, this time.
Gene Ellis

The Economist explains: Why airlines make such meagre profits | The Economist - 0 views

www.economist.com/...economist-explains-5

shared by Gene Ellis on 19 Feb 15 - No Cached
  • Why airlines make such meagre profits
  • In those six decades passenger kilometres (the number of flyers multiplied by the distance they travel) have gone from almost zero to more than 5 trillion a year. But though the industry has done much to connect the world, it has done little to line the pockets of the airlines themselves. Despite incredible growth, airlines have not come close to returning the cost of capital, with profit margins of less than 1% on average over that period. In 2012 they made profits of only $4 for every passenger carried. Why has a booming business failed to prosper?
  • Airlines were state-owned beasts in receipt of juicy handouts from state coffers. These “flag carriers” were regarded as important strategic businesses with monopoly powers that conferred national pride and international prestige. But they rapidly turned into bloated nationalised industries that regarded profit as a dirty word.
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  • Air travel was governed by inter-governmental deals that dictated which airlines could fly where, how many seats they could offer and, in many cases, what fares they could charge. The result was inefficiency and losses.
  • Low-cost carriers, such as SouthWest and Ryanair, introduced cut-throat rivalry on short-haul routes. Former flag-carriers struggled with the legacy of older fleets, large networks, uppity unionised workforces and vast pension liabilities. Low-cost carriers devastated their model of feeding short-haul passengers onto more lucrative long-haul services.
  • As well as stiff competition from their rivals, airlines face the problem that there is little competition in the industries that supply them. Two firms—Airbus and Boeing—provide the majority of the planes, and airports and air-traffic control are monopolies
Gene Ellis

Trade: More homework, please | The Economist - 0 views

www.economist.com/...trade

shared by Gene Ellis on 19 Feb 15 - No Cached
  • Trade More homework, please
Gene Ellis

Germany is angry at Tajikistan because the president's friends are all driving stolen G... - 0 views

www.washingtonpost.com/...all-driving-stolen-german-cars

shared by Gene Ellis on 21 Dec 13 - No Cached
  • Germany is angry at Tajikistan because the president’s friends are all driving stolen German cars
Gene Ellis

This one number explains how China is taking over the world - 0 views

www.washingtonpost.com/...china-is-taking-over-the-world

SWIFT global finance

shared by Gene Ellis on 03 Dec 13 - No Cached
  • This one number explains how China is taking over the world
Gene Ellis

With New Nonstick Coating, the Wait, and Waste, Is Over - NYTimes.com - 0 views

www.nytimes.com/...he-wait-and-waste-is-over.html

shared by Gene Ellis on 24 Mar 15 - No Cached
  • With New Nonstick Coating, the Wait, and Waste, Is Over
Gene Ellis

Why Apple Got a 'Made in U.S.A.' Bug - NYTimes.com - 0 views

bits.blogs.nytimes.com/...-apple-got-a-made-in-u-s-a-bug

apple u s location economics mncs

shared by Gene Ellis on 11 Dec 12 - No Cached
  • Today, rising energy prices and a global market for computers are changing the way companies make their machines.
  • Hewlett-Packard, which turns out over 50 million computers a year through its own plants and subcontractors, makes many of its larger desktop personal computers in such higher-cost areas as Indianapolis and Tokyo to save on fuel costs and to serve business buyers rapidly.
  • “It’s important that they get an order in five days,
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  • there is a pride for the local consumer to see a sticker that says ‘Made in Tokyo,’
  • Cook is looking to give Apple some good news.
  • A Dell factory in Winston-Salem, N.C., for which Dell received $280 million in incentives from the government, was shut in 2010 (Dell had to repay some of the incentives).
  • In 1998, President Bill Clinton visited a Gateway Computer factory outside Dublin to cheer the role of American manufacturers in the rise of a “Celtic Tiger” in technology.That plant was shut in 2001, when Gateway elected to save costs by manufacturing in China
  • As cheap as a Chinese assembly worker may be, an emerging trend in manufacturing, specialized robots, promises to be even cheaper. The most valuable part of the computer, a motherboard loaded with microprocessors and memory, is already largely made with robots. People do things like fitting in batteries and snapping on screens.
  • The labor cost on a notebook, which is about 4 to 5 percent of the retail price, is only slightly higher than the cost of shipping by air. Soon even that is likely to change because of the twin forces of lower manufacturing costs from automation and higher transportation costs from rising global activity.
  • Intel, which makes most of the processors, has plants in Oregon, Arizona, New Mexico, Israel, Ireland and China.
  • Many other chip companies design their own products and have them made in giant factories, largely in Taiwan and China. Computer screens are made in Taiwan and South Korea, for the most part.
  • The special glass used for the touch screens of Apple’s iPhone and iPad, however, is an exception. It comes primarily from the United States.
  • More recent products, laptops and notebook computers, were in many cases originally assembled in China, and they are still largely made there. So are most smartphones and tablets. Every week, H.P. sends a group of cargo containers filled with notebooks to Europe.
  • That plant was shut in 2001, when Gateway elected to save costs by manufacturing in China. Dell, which made its mark by developing lean manufacturing techniques in Texas, closed its showcase Austin factory in 2008 as part of a companywide move to manufacturing in China. A Dell factory in Winston-Salem, N.C., for which Dell received $280 million in incentives from the government, was shut in 2010 (Dell had to repay some of the incentives).
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