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Archive for the ‘economics’ category: Page 23

Aug 9, 2020

Why Japanese Businesses Are So Good at Surviving Crises

Posted by in categories: biotech/medical, business, economics, ethics, finance, nuclear energy

On March 11, 2011, a 9.1-magnitude earthquake triggered a powerful tsunami, generating waves higher than 125 feet that ravaged the coast of Japan, particularly the Tohoku region of Honshu, the largest and most populous island in the country.nnNearly 16,000 people were killed, hundreds of thousands displaced, and millions left without electricity and water. Railways and roads were destroyed, and 383,000 buildings damaged—including a nuclear power plant that suffered a meltdown of three reactors, prompting widespread evacuations.nnIn lessons for today’s businesses deeply hit by pandemic and seismic culture shifts, it’s important to recognize that many of the Japanese companies in the Tohoku region continue to operate today, despite facing serious financial setbacks from the disaster. How did these businesses manage not only to survive, but thrive?nnOne reason, says Harvard Business School professor Hirotaka Takeuchi, was their dedication to responding to the needs of employees and the community first, all with the moral purpose of serving the common good. Less important for these companies, he says, was pursuing layoffs and other cost-cutting measures in the face of a crippled economy.nn


As demonstrated after the 2011 earthquake and tsunami, Japanese businesses have a unique capability for long-term survival. Hirotaka Takeuchi explains their strategy of investing in community over profits during turbulent times.

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Aug 5, 2020

Four companies will square off to win money to build Skyborg drone prototypes

Posted by in categories: drones, economics, military

Not all the companies that won Skyborg contracts are assured to score orders to build prototypes.

Aug 1, 2020

Space Launch System vs. SpaceX: Is the SLS a Waste of Money

Posted by in categories: business, economics, space travel

Oftentimes, many argue that NASA’s Space Launch System is a waste of money because it is being delayed over and over again despite having such a large budget. In this video, I will examine whether this is the case or not.

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Aug 1, 2020

Big Tech’s Backlash Is Just Starting

Posted by in category: economics

Worries about America’s tech stars have swirled for years. It’s clear now that this isn’t going away. In world capitals, courtrooms and among the public, we are wrestling with what it means for tech giants to have enormous influence on our lives, elections, economy and minds.


The congressional antitrust hearing showed that concerns about the tech stars aren’t going away.

Jul 30, 2020

U.S. banks are ‘swimming in money’ as deposits increase

Posted by in categories: biotech/medical, economics, finance

It’s the banking world’s version of the rich getting richer.

A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data.

The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year.

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Jul 28, 2020

Fusion Energy Era: ITER Assembly Begins

Posted by in categories: economics, nuclear energy

Fusion: Future source of carbon-free, abundant, safe and economic energy; Leaders of EU, France, China, India, Japan, Korea, Russia & US make announcement together.

French President Emmanuel Macron and leaders from the European Union, China, India, Japan, Korea, Russia, and the United States declare the start of a new energy era today with the official start of the assembly of the world’s largest fusion device at ITER in Southern France.

The ITER machine, the world’s largest science project, is being assembled to replicate the fusion power of the Sun that provides light and warmth and enables life on Earth.

Jul 28, 2020

Alarm over discovery of hundreds of Chinese fishing vessels near Galápagos Islands

Posted by in categories: economics, evolution

Ecuador has sounded the alarm after its navy discovered a huge fishing fleet of mostly Chinese-flagged vessels some 200 miles from the Galápagos Islands, the archipelago which inspired Charles Darwin’s theory of evolution.

About 260 ships are currently in international waters just outside a 188-mile wide exclusive economic zone around the island, but their presence has already raised the prospect of serious damage to the delicate marine ecosystem, said a former environment minister, Yolanda Kakabadse.

“This fleet’s size and aggressiveness against marine species is a big threat to the balance of species in the Galápagos,” she told the Guardian.

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Jul 26, 2020

The World’s Supply Chain Isn’t Ready for a Covid-19 Vaccine

Posted by in categories: biotech/medical, economics

The industries that shepherd goods around the world on ships, planes and trucks acknowledge they aren’t ready to handle the challenges of shipping an eventual Covid-19 vaccine from drugmakers to billions of people.

Already stretched thin by the pandemic, freight companies face problems ranging from shrinking capacity on container ships and cargo aircraft to a lack of visibility on when a vaccine will arrive. Shippers have struggled for years to reduce cumbersome paperwork and upgrade old technology that, unless addressed soon, will slow the relay race to transport fragile vials of medicine in unprecedented quantities.

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Jul 25, 2020

UAE Mars mission: extraordinary feat shows how space exploration can benefit small nations

Posted by in categories: business, economics, space travel

The nation has also generated significant additional value in logistics by creating new manufacturing capacities and know-how. There are already multiple businesses outside the realm of the space industry that have benefited from knowledge transfer. These are all typical impacts of a space mission.

But while that is where most studies of the value of space missions stop looking for impact, for the UAE this would miss a huge part of the picture. Ultimately, its Mars mission has generated transformative value in building capacity for a fundamentally different future national economy – one with a much stronger role for science and innovation.

Through a broad portfolio of programmes and initiatives, in just a few years the Hope mission has boosted the number of students enrolling in science degrees and helped create new graduate science degree pathways. It has also opened up new sources of funding for research and made science an attractive career.

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Jul 24, 2020

Pivot to ‘green’: Russian gas & nuclear energy giants Gazprom and Rosatom to start producing ‘clean’ hydrogen

Posted by in categories: economics, government, nuclear energy

With much of the world planning to pivot away from oil and gas in the near future, the country’s government is looking ahead to a more diversified energy sector. The international ‘green’ trend is a significant threat to the Russian economy, which is at present largely dependent on the export of oil, gas, and coal. Starting from 2021, the government intends to build on the country’s reputation as a hydrogen supplier, aiming to make exports of the world’s most abundant gas a large part of its energy sector.

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