background preloader

How the Economic Machine Works [Animation] by Ray Dalio

How the Economic Machine Works [Animation] by Ray Dalio

What Kind of Economy? About the Author James K. Galbraith is author of The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should... Also by the Author Economists and wonks respond to Thomas Geoghegan's essay “What Would Keynes Do?” A big deficit-reduction program would destroy the economy two years into the Great Crisis. In a debate over the Democratic future, no one should confuse the Hamilton Project with the Republican past. But these advances come at a price, which will be exacted in two areas: the world trading system and domestic fiscal policy. Progressives shouldn't let this happen. On trade, the Hamiltonians favored the North American Free Trade Agreement, while most populists and progressives opposed it. More broadly, the late 1990s showed two things about trade agreements. So what's the debate these days really about? Trade agreements pushing this agenda don't cost American jobs.

4 Things You Must Do to Hire the Perfect Candidate Hiring the right talent is vital to the success of your business. But busy entrepreneurs don't have time to waste sifting through dozens of resumes to evaluate candidates. "But at the same time you can't--or shouldn't--outsource the entire process," says J.T. O'Donnell, founder and CEO of, a job search advice site, and CareerHMO, a career coaching membership site. "I stopped asking for resumes a long time ago," she says. Here's the approach she takes to streamline the process and still ensure she finds and hires great employees: Step 1: Don't post a job; post the problem the employee will solve. Write out what problem this new hire is going to solve. Next, explain why your company exists. Finally, tie in how the right candidate will support those efforts. Step 2: Ask candidates to answer three key behavioral questions. Ask candidates to share as much as they can about the following: What do you know about our business and industry? Why does this approach work? Give it a try.

The Institute » New Deal 2.0 Next New Deal is the blog of the Roosevelt Institute, featuring unique insight and sharp analysis aimed at reanimating progressive thought. We discuss the top headlines and the important but underreported stories, all the while starting conversations that will frame the debates to come and drive lasting change. Designed for the well-informed reader, we bring together a wide range of established experts and emerging leaders from across the Institute's program areas and beyond to explore the questions at the heart of today's most critical debates and find policy solutions grounded in the legacy and values of Franklin and Eleanor Roosevelt. Commenting policy: Next New Deal is a forum for a variety of ideas meant to start a conversation. As such, it expects commenters to engage with the ideas in a thoughtful way and avoid using offensive language.

How To Make A Vision Board And Why They Will Make You Rich | Over the years, a lot of people have asked me if there was one key factor that they could implement that would help propel them to millionaire status, what would it be? I mean, can anyone go from nothing to a millionaire? Can this be taught to the average person and have them generate results virtually overnight? And the answer is YES! In fact, if you talk to a few of my students you will find that within 4 to 6 weeks of implementing the strategies I teach, their lives begin to totally transform in all areas. So how do they do it? What you will find interesting is that when people hear the steps, each step seems so simple. But if you are one of the few that do….this blog post will put you well on your way to a MILLIONAIRE LIFESTYLE. How To Make A Vision Board And Why They Will Make You Rich VISION: “The art of seeing what others cannot yet see”. This has always been a topic that has intrigued me and one that I have explored extensively. Why is a VISION BOARD So Important?

Theory & Event - What Is To Be Done? In lieu of an abstract, here is a brief excerpt of the content: Occupy Wall Street, or better described, the 99% movement, represents a delayed reaction to the political economy of inequality, crisis, military adventurism, and corporate authoritarianism of the last 30 years. It carries the potential to energize the democratic left, to pull Obama and Blue Dog Democrats toward the left, to mobilize local energies, and to awaken a yet larger section of the American populace. One question the media poses, now that it can no longer simply ignore this movement, is, "What do these people want?" 1. 2. 3. 4.

All Hail the Generalist - Vikram Mansharamani We have become a society of specialists. Business thinkers point to “domain expertise” as an enduring source of advantage in today’s competitive environment. The logic is straightforward: learn more about your function, acquire “expert” status, and you’ll go further in your career. But what if this approach is no longer valid? Approximately 2,700 years ago, the Greek poet Archilochus wrote that “The fox knows many things, but the hedgehog knows one big thing.” In the six decades since Berlin’s essay was published, hedgehogs have come to dominate academia, medicine, finance, law, and many other professional domains. For various reasons, though, the specialist era is waning. Secondly, specialists toil within a singular tradition and apply formulaic solutions to situations that are rarely well-defined. Finally, there appears to be reasonable and robust data suggesting that generalists are better at navigating uncertainty. The time has come to acknowledge expertise as overvalued.

Anvil Business Club - Creative Destruction The first Standard and Poor's index of 90 major US companies was created in the 1920s. The companies on that original list stayed there for an average of 65 years. By 1998, the average anticipated tenure of a company on the expanded S&P 500 was 10 years. Last year alone, the folks at Dow Jones Inc. delisted three companies from the Industrial Average – AT&T, Eastman Kodak and International Paper. If history is a guide, over the next quarter century no more than a third of today's major corporations will survive in an economically important way. So conclude Richard Foster and Sarah Kaplan in the best-selling Creative Destruction: Why Companies That Are Built To Last Underperform the Market -- and How to Successfully Transform Them. In a comprehensive study of more than 1,000 corporations in 15 industries over a 36-year period, the authors show that the corporate equivalent of El Dorado -- the golden company that continually outperforms the markets -- has never existed.