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Articles related to "economic"


How India should respond to China's aggression

  • As both governments work to defuse the situation, the loss of military lives is amplifying earlier calls for India to reduce its economic engagement with China.
  • China looms large in Indian trade and investment, but the reverse is much less the case, even if the potential scale of the market and India’s capacity for innovation has attracted Chinese companies.
  • An important marker of New Delhi’s deepening concerns was the decision announced by Modi while at a summit in Bangkok last November that India would not participate in the final negotiations of the Regional Comprehensive Economic Partnership (RCEP).
  • If India wishes to maintain distance from both the United States and China, then its best option is to engage with coalitions of middle powers that share some of India’s concerns on the non-market behaviour of Chinese entities while maintaining commercial contact with China.

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Most of Europe Is a Lot Poorer Than Most of the United States

  • Bernie Sanders, for instance, looks at nations such as Denmark and Sweden today and says that America should copy their expansive welfare states.
  • None of this suggests that policy in America is ideal (it isn’t) or that European nations are failures (they still rank among the wealthiest places on the planet).
  • And I’m debunking the argument that we should copy nations such as Denmark by allowing a larger government in the United States (though I do want to copy Danish policies in other areas, which generally are more pro-economic liberty than what we have in America).
  • Yellow areas poorer than Mexico.” In other words, the few dark areas (a handful in Germany and one each in a few other nations) are the only parts of Europe that are economically equal or better than the United States.

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Rocketing Covid-19 infections expose Trump's callous claim pandemic is 'handled'

  • Texas, Florida and Arizona -- Republican-run states that most aggressively embraced Trump's impatient demands to get the economy open again -- are heading into what one expert warned is a viral threat that is approaching "apocalyptic" levels.
  • Florida Republican Gov. Ron DeSantis, one of Trump's most aggressive partners in pushing toward swift economic openings that defied US Centers for Disease Control and Prevention guidelines, is insisting he won't close down the economy even though his state recorded a new record of 10,000 new cases on Thursday.
  • Trump did not stay to answer questions about the virus, but left Treasury Secretary Steven Mnuchin and Director of the National Economic Council Larry Kudlow to downplay scary warnings by the government's top infectious disease expert Anthony Fauci that the virus is surging and could produce case counts of 100,000 new infections per day.

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Strategic moves to win post COVID-19 with Data Science

  • To be able to quantify uncertainty, and to move away from it as much as possible, you will need a data science team.
  • They will be crucial to leverage the right data, predict what will happen next, help in automation and play a defining role in building high quality customer relationships from a distance.
  • Last but not least, measure quality and optimize for speed in your data infrastructure such that applications & data science models generate timely insights that make a high impact.
  • Together with the business, your data science team might be able to generate several future scenarios.
  • In this case, we can learn from previous economic downturns where players that focus on technology and data science driven automation will win during and after a recession².
  • Getting this to work means querying data science models in real-time e-commerce like conditions.

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Strategic moves to win post COVID-19 with Data Science

  • To be able to quantify uncertainty, and to move away from it as much as possible, you will need a data science team.
  • They will be crucial to leverage the right data, predict what will happen next, help in automation and play a defining role in building high quality customer relationships from a distance.
  • Last but not least, measure quality and optimize for speed in your data infrastructure such that applications & data science models generate timely insights that make a high impact.
  • Together with the business, your data science team might be able to generate several future scenarios.
  • In this case, we can learn from previous economic downturns where players that focus on technology and data science driven automation will win during and after a recession².
  • Getting this to work means querying data science models in real-time e-commerce like conditions.

save | comments | report | share on


Strategic moves to win post COVID-19 with Data Science

  • To be able to quantify uncertainty, and to move away from it as much as possible, you will need a data science team.
  • They will be crucial to leverage the right data, predict what will happen next, help in automation and play a defining role in building high quality customer relationships from a distance.
  • Last but not least, measure quality and optimize for speed in your data infrastructure such that applications & data science models generate timely insights that make a high impact.
  • Together with the business, your data science team might be able to generate several future scenarios.
  • In this case, we can learn from previous economic downturns where players that focus on technology and data science driven automation will win during and after a recession².
  • Getting this to work means querying data science models in real-time e-commerce like conditions.

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A wake-up call for the American dream

  • New York (CNN Business) - This fourth of July, nationwide protests and the Covid-19 crisis have forced America to recognize the ugly inequality lying just beneath its star-spangled surface.
  • The country's economic fragility is clear: Almost 40% of Americans were unable to cover a $400 emergency expense and quickly pay it off, according to the Federal Reserve.
  • Middle-income families' share of American wealth has been cut nearly in half over the past four decades, to just 17%.
  • Close to half of the US workforce is employed in low-wage jobs with mean annual pay of under $20,000 a year.
  • 85% of Americans are employed by small- and middle-sized businesses, which have proven particularly vulnerable during the economic downturn.
  • Technological adoption and innovation in areas such as working at home have accelerated since March, and automation is perhaps now a bigger threat than it has ever been to low- and middle-income workers.

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Joe Oliver: Time for Canada the punching bag to start hitting back at China

  • The current debate should lead to a broader examination of China’s global assertiveness, how it presents itself to the world and the urgent need for Canada to stop acting like a punching bag and start punching above our weight.
  • On one side is the United States, Canada’s closest neighbour, biggest trading partner and long-time ally — a free-market democracy that respects individual rights and the rule of law but has become more inward-looking and riven by intractable internal divisions.
  • This month Canadians got an inside look from Victor Gao, vice-president of the Beijing-based Centre for China and Globalization.
  • Canada needs to diversify its overseas markets and China wants to diversify its sources of supply, a point I heard personally from President Xi Jinping in 2015.
  • We also need a careful review of Chinese direct investments, especially those posing national security risks.

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Focused COVID-19 restrictions will save lives in poor countries

  • This network of global trade, and the link between wealth and health for poorer nations, mean that any policy that plunges the economies of richer countries into depression — like economy-wide lockdowns — will harm people everywhere in the world, but especially in the poorest places.
  • Even if poorer nations do not institute their own lockdowns — and with so many of their people living so close to the economic edge many countries simply cannot afford to — a global economic depression caused by rich countries’ response to the virus threatens to immiserate them.
  • Taking into account the global health impacts of our response favours using more targeted measures that protect the most vulnerable instead of broad lockdowns; it does not mean abandoning our elderly or our health-care workers: if anything, we will focus more resources on them.

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China and India are sparring but neither can afford a full-on trade war

  • And earlier this week India took the dramatic step of banning dozens of mobile apps, including well-known Chinese ones like ByteDance's TikTok, Tencent's WeChat, and social media network Weibo.
  • From April 2019 to March 2020, India bought $65 billion worth of goods from China, accounting for nearly 14% of its total imports, according to Indian government data.
  • The world's second largest economy is already managing pressures on several fronts, including a Western backlash over a new, controversial security law for Hong Kong and its handling of the coronavirus pandemic.
  • Nataraj of the IIPA pointed out that China also likely doesn't want to jeopardize its trading relationship with India, either, given the fact that the country still sends tens of billions of dollars of goods to India each year.

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