Across the global economy, the potential for automation seems huge. Adidas’ “Speedfactory” in Bavaria will employ 160 workers to produce 500,000 pairs of shoes each year, a productivity rate over five times higher than in typical factories today.
Media Rumble 2018, organized at India Habitat Center, by News laundry and Team works, and supported by Facebook, was curated around the theme of News What It Can Be. The ten points on the possibilities of news media that I could gather are briefly as follows.
The European Union’s regulatory bodies seem to be particularly hostile to Google. In June 2017, the European Commission fined the company €2.42 billion ($2.75 billion) for breaching EU antitrust rules, after concluding that, “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.”
The news industry revenue is going through a churn like never before. Currently, in late 2018, 38% of total global ad-spending is in the digital medium, which has gained heavily from the print which has come down to 9% globally.
Seldom does a dense report from a statistical agency take your breath away, but the latest publication on the United States’ national income accounts from the Bureau of Economic Analysis (BEA) is the exception that proves the rule. The publication, after all, is the BEA’s comprehensive, bottom-up quinquennial reassessment of income, output, and prices going back to the Model-T days of economic activity.
Utter the words “identity politics” nowadays and you risk igniting a row. On the American left, almost all politics is identity politics. That drives the American right crazy. And not only the right: liberal intellectuals like Mark Lilla of Columbia University are making the increasingly persuasive case that identity politics is bad electoral politics.
Everyone remembers how when we were of 10 or 12 or 14 years of age, our parents and teachers almost gloated on our tiny abilities to draw, paint, dance, sing or write a poem; how were paraded before our relatives to ‘show our talent’ or perform on school stage on Annual Day/s.
Financial inclusion plays an important role in determining the socio-political and economic fabric of a country. In Nepal, access to finance is a need of every household and businesses. A government aiming for a balanced development of multi-sector should consider financial inclusion as an important element in its agenda.
Joan Didion famously observed that, “We tell ourselves stories in order to live.” Unfortunately, if you get your news about the United States from Facebook, Twitter, or cable TV networks, the stories you are being told might convince you that the country is hopelessly divided.
It has been less than two months since the populist Five Star Movement (M5S) and the right-wing League party formed a new Italian government, so it is too early to tell how the coalition will translate its campaign rhetoric into concrete policies. In fact, the coalition’s internal contradictions might limit the scope of its legislative action, or even bring about its downfall – possibly even before the European Parliament elections in May 2019.
The second largest English paper has closed shop in Kolkata, and the largest one there has halved itself. Profits in news media have gone down for even the three leaders of Indian news media.
The European Central Bank’s recent announcement that it will try to end asset purchases by this December means that it has confidence in its ability to achieve price stability. But those who decided that price stability should be the ECB’s single, overriding policy goal may have shot themselves in the foot, not least by denying policymakers much-needed flexibility.
Today, skilled immigrants from various developing countries go to developed nations like Canada, Australia, UK and the US with a hope for a better life and brighter future for their children, but this has become a nightmare for too many.