From Knowledge@Wharton – “A lot of people think that China is really only growing at 3% or 4% right now instead of the official 7% that came out in the last quarter. Something else that’s a little disturbing about China is that in the earlier years, China would grow because of … tremendous growth in productivity. Now they seem to have to build bridges and dams and all the rest. They want to stimulate consumer [spending], but the only way you’re going to stimulate the consumer is with productivity [gains]. They’re trying to get the consumer to buy more, and he and she is not doing that, so they’re sort of doing a last-resort type of stimulus. All these things are adding to this idea that China — which is either the biggest economy in the world or the second to the United States, we’re just about co-equal — is faltering, and that obviously is going to effect world outlook.”
Fresh Pick of the Day, August 26, 2015: “Jeremy Siegel on Stocks: This Is a Correction, Not a Bear Market”
Fresh Pick of the Day, August 20, 2015: “Is Your Workplace Tough — or Is It Toxic?” from Knowledge@Wharton
From Knowledge@Wharton – “a tight job market tends to promote the growth of toxic environments, but that in any event, it takes two to tango in a toxic relationship. ‘To be abusive, someone has to have power over you or attempt to have power over you, and then you have to in some way authorize them to behave in that way,’ Shea points out. ‘So why would you do that? You might need the job; maybe you’re in tough financial straits at that time. That’s on the receiving end. On the giving end of that abuse are people who are simply unaware, or don’t care, or who are under remarkable pressure themselves, as in kicked-dog syndrome [displaced aggression].’
Mango Fresh Pick of the Day, August 19, 2015: “Ten Countries that will have biggest population by 2050″
From Bloomberg.com – “After America dominated the 20th century, a view formed that Asia would be the next to lead the world in economic and cultural influence. Africa may have something to say about that before the century is out. The continent will claim three of the world’s 10 most populous countries in 2050, according to projections released Tuesday by the Population Reference Bureau in Washington. The largest of those, Nigeria, will be just 1 million people shy of the U.S.’s size, with Democratic Republic of the Congo and Ethiopia entering the list. They replace Russia and Mexico, with the former’s exit leaving Europe with no country on the top 10 list.”
From Business Rhythm with Frank & Jamie – “management consultants provide advice and assistance to companies on strategy, marketing, operations, and other aspects of the business and organization. In this field, success is defined by the consultant’s ability to get the client to accept and implement recommendations, although the consultant’s value can often be provided in many other ways. For example, the client may want to have an outside perspective that will bring about better understanding of the company situation to improve decision making.”
From FT.com – “As the global economy heals, a brave new world is emerging for workers in which more temporary jobs are being created — especially for the young. FT experts discuss this employment shift and what the ‘gig’ economy means for workers and productivity.”
Fresh Pick of the Day, August 10, 2015: The Climate Change ‘Tipping Point’: How Should Businesses React?
From Knowledge@Wharton – “Is climate change speeding up? A new study by James Hansen, perhaps the world’s foremost climate scientist, and 16 co-authors suggests that ice shelves and glaciers in Greenland and Antarctica may be melting 10 times faster than previous consensus estimates suggested. That would lead to a rise in sea levels of 10 feet in as little as 50 years. “
Fresh Pick of the Day, June 29, 2015: “Greece to introduce capital controls” from Nikkei Asia Review
From Nikkei Asia Review – ” Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight. After bailout talks between the leftwing government and foreign lenders broke down at the weekend, the European Central Bank froze vital funding support to Greece’s banks, leaving Athens with little choice but to shut down the system to keep the banks from collapsing. Banks will be closed and the stock market shut all week, and there will be a daily 60 euro limit on cash withdrawals from cash machines, which will reopen on Tuesday. Capital controls are likely to last for many months at least.”
From Business Rhythm with Frank and Jamie – A leader’s job is to make tough decisions. CEOs of large organizations spend their day thinking about and making decisions that affect the future of the organization. From the outside, they appear calm and confident in the decisions they make. However, as leaders know from experience, making the right decisions can be elusive and much more difficult from what it seems.