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Extreme heat decreases labor productivity in sectors like construction, where much work occurs outdoors. Because construction is an important component of investment, lost productivity today will slow how much capital is built up for future use and thus can have long-lasting impacts on overall economic outcomes. Combining estimates of lost labor productivity due to extreme heat with a model of economic growth suggests that, by the year 2200, extreme heat will reduce the U.S. capital stock by 5.4% and annual consumption by 1.8%. [ABSTRACT FROM AUTHOR]

The federal debt as a share of U.S. GDP is nearing its historical high from World War II. This ratio fell sharply over the three decades after World War II due to a primary surplus, rapid economic growth, and low interest rates. Projections for the coming three decades point to a persistent primary deficit without major reforms to mandatory spending programs or higher taxes. Thus, the rates of interest and economic growth will be crucial for determining the long-run debt-to-GDP ratio's evolution. [ABSTRACT FROM AUTHOR]

Racial disparities in socioeconomic outcomes for the U.S. population are often masked by aggregate statistics. Unemployment rates vary significantly across groups according to gender and race or ethnicity and have different sensitivities to the business cycle. Focusing on jobless rates by demographic groups shows that Black and Hispanic workers, particularly men, are the most sensitive to periods of economic growth and decline. This higher sensitivity persists across individuals with the same education level. Occupation plays a role in explaining the relative cyclical differences in unemployment rates across demographic groups. [ABSTRACT FROM AUTHOR]

In "Growth: A History and a Reckoning," economist Daniel Susskind explores the concept of economic growth and its consequences. He argues that the obsession with increasing GDP has led to environmental destruction and inequality. While he rejects the "degrowth" movement, Susskind suggests convening assemblies of randomly selected citizens to find a balance between economic growth and social/environmental objectives. The book also delves into discussions about the origins of human prosperity. Overall, Susskind's treatise offers a thought-provoking analysis of the complexities surrounding economic growth. [Extracted from the article]

The article reports that Organization for Economic Co-operation and Development (OECD), a Steel Market Developments Q2 2020 cited weakening global economic activity, uncertain prospects for steel demand growth, the upturn in new capacity investments and excess capacity as some of the reasons. It mentions how the Mariana dam failure and the subsequent closure of the Samarco production units have underlined the sensitivity of pellet demand to world market conditions and prices.

Three crises--health, economic, and social--are converging into one difficult moment in American history. Everyone has been affected, but the highest costs are falling on those least prepared to bear them. The path forward will require investments in "opportunity infrastructure" that maximize individual potential, reduce inequities, and lay the foundation for long-term economic growth. The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the National Press Club, Washington, DC, on Monday, June 15. [ABSTRACT FROM AUTHOR]

Following the global financial crisis, U.S. monetary policy was constrained by the zero lower bound for short-term interest rates for many years. It has since lifted off and rates have gradually climbed. However, in light of the continuing economic expansion, it is relevant to ask how likely it is for the lower bound on interest rates to again become a constraint on monetary policy. Analysis using several different approaches suggests that there currently appears to be a low risk of the economy returning to the zero lower bound for at least the next several years. [ABSTRACT FROM AUTHOR]

The article focuses on the growth of the professional audiovisual (Pro AV) industry despite economic uncertainty. It highlights the strong performance of Pro AV sales, steady employment growth, and positive indicators in the labor market, while acknowledging potential risks such as supply issues and tightening credit availability.

The article provides information on economic growth observed by the Federal Reserve Bank of San Francisco (FRBSF). Topics discussed include economic expansion in U.S. and employment rate in San Francisco Bay Area; factors driving sustainable growth and rise in gross domestic product; and productivity gains.

The author presents his views regarding monetary policy and rise in interest rates in the U.S. as of December 2018. Topics discussed include decline in unemployment, expansion and bringing the inflation to its target and the goals of the Federal Reserve System. It mentions impact of wildfires in state of California and economy depends of gross domestic product (GDP) and decline in unemployment rate.

When products disappear from the market with no substitutes from the same manufacturer, they may have been replaced by cheaper or better products from a different manufacturer. Official measurements typically approximate price changes from such creative destruction using price changes for products that were not replaced. This can lead to overstating inflation and, in turn, understating economic growth. A recent estimate suggests that around 0.6 percentage point of growth is missed per year. The bias has not increased over time, however, so it does not explain the slowdown in productivity growth. [ABSTRACT FROM AUTHOR]

The article offers information on basic redefinition of achievable economic expansion due to slowing population and labor force expansion with a global productivity slowdown. According to author, central banks are still engaged in the policy actions they have taken to support economic recovery and to stabilize the economy.

The elevated number of non-employed people who are out of the labor force has raised some concerns about how well the headline unemployment rate measures available labor. An alternative measure of labor utilization, the Non-Employment Index, accounts for all non-employed individuals, distinguishing between groups like short-term versus long-term unemployed, discouraged workers, retirees, and disabled individuals, and adjusting for how likely each is to transition to employment. Current data show the index is very close to its value in 2005–06, the period near the peak of the previous economic expansion. [ABSTRACT FROM AUTHOR]

The labor market looks good, inflation is moving back toward the FOMC's target, and the economic expansion remains on track. Under these conditions, monetary policy is going back to the basics. Sparking faster growth in the future through innovation and more rapid productivity gains will require investments to build human capital, which is outside the realm of monetary policy. The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Sacramento Economic Forum in Sacramento, California, on May 13. [ABSTRACT FROM AUTHOR]

The article reports on the focus by Kenya on its emerging electronics-waste (e-waste) recycling industry to achieve economic growth. Also cited are the operation of the Waste Electrical and Electronic Equipment (WEEE) Centre founded by Bonnie Mbithi for the processing of e-waste and the global generation of e-waste based on data from the World Economic Forum (WEF).

The article discusses the projection over the next fifty years of the growth of China's per capita income relative to the U.S. on the basis of the economic performance of South Korea and Japan. It explains the use of the neoclassical growth model based on accumulation of capital formulated by economist Robert Solow and calculates a factor of growth of at least twice the present income. It also takes note of concurrent slowdowns in economic expansion in convergence with its neighbors.

Inflation targeting is often considered the most appropriate monetary policy framework for central banks seeking price stability. While a target can help stabilize inflation, the implications for a country's growth are less clear. Advanced economies experienced higher economic growth immediately following the transition to inflation targeting. However, developing economies experienced only modest gains that were close to their trend growth. One explanation is that transitioning to a low-inflation regime can be more costly for less stable countries that have higher inflation expectations and less credible policies [ABSTRACT FROM AUTHOR]

To meet the demands of the fast-changing competitive scene, we must simply learn to love change as much as we have hated it in the past...Today, loving change tumult, even chaos, is a prerequisite for survival, let alone success." Machine Design's content partner Industry Week reviewed the book at the time and wrote, "From yesterday's viewpoint, it may look like chaos. His combination of practical case studies, in-depth research, deep thinking and snappy prose makes it a pleasure to dig through such weighty topics as change management and global competition. [Extracted from the article]

The article report that the China's expanding presence and influence in Latin America is widely recognized by political and business leaders and security professionals. Topics discussed include China-based defense companies such as the NORINCO group have sold or given a broad array of equipment to the region's security forces; and China's approach has been fundamentally rooted in exploiting the mutually reinforcing relationship between its leverage.

The article focuses on the fiscal policy of the state, local, and federal government of the U.S. It states that during the Great Recession and first stages of recovery, the fiscal policy was characterized as expansionary and that it provide tailwind to its economic growth. It mentions that aggregate budgetary policy of the government shift to austerity measures that could result to headwind to the economic growth.

The article informs that the U.S. Peanut farmers can take pride in the reputation they have earned across the country for providing a reliably safe, nutritious food staple for consumers take.It mentions that the industry needs a unifying voice to bolster and expand that reputation both domestically, and, strategically, on the global stage. It also informs that governmental and non-governmental bodies work with foreign manufacturers to use and promote U.S. origin peanuts in their products.

The article reports that United Airlines Inc.' first direct flight from the U.S. to Vietnam launched last month marked the first time a U.S. carrier had landed in the country since Pan Am made its last flight out in April 1975. But both United and Vietnam Airlines hope the new flight signals the start of a lucrative international expansion planned for the year ahead. With the December 10 start of United's Boeing 747-400 service from San Francisco to Ho Chi Minh City via Hong Kong, the airline now serves 12 Asia-Pacific destinations and plans to add several more. Some of that revenue boost is expected to come from the new Vietnam service, thanks to dramatic economic growth forecast for the country.

The article offers engineering and mining news briefs. Topics include Dacian Gold Ltd. and NTM Gold Ltd. have agreed to a merger, which will combine two complementary West Australian gold companies and leverage Dacian's operational expertise and processing infrastructure to unlock the development potential of the Redcliffe Gold Project through regional consolidation, and Fortescue Metals Group has achieved a significant milestone in the development of its iron ore operations.

The article presents the Gardner Business Index (GBI) for plastic processing, which showed that both captive and custom processors expanded for the second straight month in August 2020. The increase is due to new orders and quicker supplier deliveries. Also cited are the economic effects of the COVID-19 pandemic to the plastics processing market.

The article discusses how new technologies and improving economies are helping African media outlets expand in the continent. The article asserts that, since the collapse of the Soviet Union and Africa's apartheid, the country has experienced a newfound political freedom which is causing a proliferation of mass media on the continent. With Africa being able to be more free with how their mass media is distributed and presented print media, radio and television broadcasting, and the internet have all been able to expand in the continent. African media has the goal of becoming self-sufficient and gaining long-term sustainability.

The article informs on World of Concrete trade show in Las Vegas, held Feburary 4-7. It mentions about continued modest growth in both real dollars spent on construction and in overall cement consumption over the next several years. It also informs on the impact of current economic expansion on concrete industry.

This article discusses the sustainability of the credit led economic expansions in South Korea and Thailand after the Asian financial crisis of 1997-1998. The rapid expansion of foreign borrowing is seen by many as the primary cause of the Asian financial crisis. Because the financial sectors of the affected countries proved to be too weak to monitor the effective investment of foreign credit, funds were directed to unproductive projects. The governments of South Korea and Thailand took steps to encourage demand in their countries by increasing domestic credit. However, they do face some risk that the credit expansion may turn into a credit boom, which could cause output and consumption to contract yet again, if the boom later ends and a financial or banking crisis ensues.

The article presents information on the predictions by aircraft companies, Embraer Corp. and Bombardier Inc. in the light of booming corporate aircraft market. Both Embraer and Bombardier are predicting long legs for the business aircraft market recovery. The recovery's continuation is predicated on U.S. economic growth of at least 3% a year. Embraer's business jet backlog has risen five times and now stands at $1.25 billion which includes, orders for two Phenom models, the mid-sized Legacy 600 business jet. Embraer is forecasting that the business aviation market will grow from $27.1 billion in 2005 to $35.3 billion by 2015. Executives from both companies are confident that corporate profits and new demand from Asia and other emerging markets will support a long expansion.

The article focuses on the reaction of advertising agencies to the slight economic expansion in the U.S. as of May 2017. Topics discussed include comments from one agency chief executive officer (CEO) predicting an inflection point, a forecast by media reporter Jeanine Poggi for television (TV) advertising, and cost control order for WPP Group employees.

The article focuses on the performance of dyestuff and organic pigment industry in China in 2012. China's major dyestuff producing regions such as Zhejiang province, Jiangsu province, Shandong province and Shanghai municipality supported the performance of dyestuff in the nation. In 2012, China's export amount and value of dyestuff had a year-on-year growth. In the context of the slowdown of European economy and the mild economic recovery in the U.S.

The author talks about his participation in various electronic warfare (EW) symposia around the world in 2016. He mentions his participation in EW India held in early 2016 and his trip to the Netherlands for EW Europe set for May. He explains that these events are reflective of the global expansion of the EW industry. The author then urges local EW communities in the U.S. to initiate greater cooperation with other local groups.

The article reports on the construction of 100, 000 square-foot building by Jules Stein Eye Institute as it celebrates its 40th anniversary on November 3, 2006 in Los Angeles, California. The construction of Edie and Law Wasserman Eye Research Center is expected to start in 2007 at the University of California, funded by the Wasserman Foundation, Stein estate, and the Jules and Doris Stein Support Group. It is inferred that it will allow to create new revolutionary programs to cure blindness.

This article focuses on new economic growth pattern in Asian countries and its impact on the world's hydrocarbon market. More efficient means of transportation, high-speed transfer of capital funds, the redistribution of resources and altering demographics in Asian countries, are all contributing profoundly to the makeup of the global hydrocarbon processing industry. It is expected that the role of Asian engineering and construction contracting business will continue to grow at the expense of many Western companies.

Since the founding of Stanford Research Park in Menlo Park, California, in the 1950s, research parks have seen an explosion of growth. Now, their development is tied to life sciences, a field seen by its practitioners as being on the verge of an historic breakthrough. It is fed by investment from sources as disparate as venture capitalists, academia, corporations, philanthropists and government that see the investment as an economic engine, attracting high-paying jobs and further development. Florida has lured Scripps Research Institute to Palm Beach County. The La Jolla, California-based nonprofit is planning a 364,000-sq-ft facility for biomedical science, drug discovery and technology development, to open in 2006. The county is providing land and $137 million for construction. Startup costs are financed by $310 million in federal economic development funds.

The article profiles Baltimore, Maryland-based Lupin Pharmaceuticals Inc. It mentions that the pharmaceutical company was established in 2003 where it has only 3 Baltimore employees and has experienced business growth with 70 drugs to market and generates $800 million. It adds that the company aims to expand its portfolion to include drugs for inhalation and dermatology.

The author discusses the needed investment to bring future hydrocarbons to petroleum market and on the future of oil pricing. Topics discussed include the speech of John Watson of Chevron Corp. during the 2014 oil & gas (O&G) day in Houston, Texas regarding the impact of economic expansion on oil pricing, the 40% increased of the capital expense (CAPEX), and the interest of the refining and petrochemical industries for feedstocks' cost structures.

The article focuses on the reliance of the U.S. on its leading economic indicators, logic, and economic theories for more economic expansion in 2013. It says that such indicators might be nonpolitical and impartial for their dispassion and historical accuracy. It mentions that the 0.8% increase in non-defense capital goods orders suggests the expansion of orders and for businesses to invest in new equipment.

The article reports on developments in the U.S. construction industry as of September 30, 2013. While Illinois, Michigan and Wisconsin are back in the construction game, slow global growth sidelines export-heavy Ohio and Indiana, says the article. The emergence of Midwest states as participants in the nation's economic recovery is noted.

The article presents the author's perspective on what to expect from the economy in 2013 in the U.S. He provides a detailed account on the fiscal cliff agreement that aims to remove avowed cause of uncertainty in order to boost economic activity in 2013. He also discusses the upward trend of leading indicators toward more economic expansion over the next two quarters.

The article focuses on the development of aqueous-phase chlorinated polyvinyl chloride (CPVC) technological processes in China. It mentions that such development resulted to a sustained expansion in the capacity of the production as well as a vertical down for the price of CPVC powder. Meanwhile, most of the domestic aqueous-phase CPVC resin enterprises faced technical problems in terms of production technology such as the quality of raw material and the stability of the chlorination process.

The author offers opinions on China. Young adults are said to be the dominant force in the country's economic and social conditions, and they are seen as having attitudes reflecting China's rapid economic development during their lifetimes. A lack of qualified advertising employees is said to hinder the development of advertising agencies in China.

The article reports on the announcement of LyondellBasell Industries NV for its launch of Alastian, the company's no-frail online polyolefins business, in China, Vietnam, and India. It states that the web-based channel Alastian offers an easy, convenient, and reliable way to buy high-quality polyolefins and polyethylene. It notes that Alastian has been serving customers in Europe and Turkey for nearly five years. Moreover, it will soon be available to other Asian countries.

The article reports on the expansion and performance improvement of Hubei Yihua Chemical Industry Co. Ltd. known as the largest producers of chemical fertilizer in China. It infers that the acquisition of Hunan Jinxin Chemical Industry Co. Ltd. made it possible to gain access to other markets, mainly profiting a lot out of the ascending prices of the chemical products. Through its demands, growth of the company becomes evident as it gets a hold both in domestic and overseas markets.

The article reports on the development of the automobile industry in China. Jim Sailor, TNS Greater China managing director, noted that due to the fast developing market, car manufacturers need to build strong brands to distinguish themselves from increasing competition. According to TNS, China has overtaken Japan to become the world's second- largest auto market after the U.S. Total new vehicle sales, including trucks and buses, grew by around 22% to 8.8 million in 2007.

The article reports that the severely polluted environment in China has caused significant damage to human health, detrimental to the nation's prospects for continued economic expansion. This information was based on an 18-month review by the Organization for Economic Cooperation and Development (OECD). By 2020, the OECD report noted that China will have 600,00 premature deaths annually and 20 million cases of respiratory illness a year because of pollution. Overall cost of health damage will equal 13 percent of gross domestic product.

The article reports on the expansion of ethanol production in Missouri. Since nearly 94 percent of the state's primary energy sources are imported from outside the state at a cost of more than $13 billion annually, ethanol production was expanded to keep the money in state. It stated that ethanol production in the state expanded from approximately 50 million gallons in 2003 to 118 million gallons in 2005. On the other hand, the latest environmental report evaluates the economic impact of preservation efforts addressed by such challenges as ground-level ozone on St. Louis and Kansas City.

The article reports on the growing popularity of San Antonio, Texas as an investment destination for manufacturing industry as of June 2007. Companies with operations in the area include Toyota Motor Corp., Boeing, Sino Swearingen Aircraft and General Electric and Standard Aero. The influx of companies are attributed to low operating and living costs and proximity to other thriving markets says Mario Hernandez, president of the San Antonio Economic Development Foundation.