Tag: Economy

Economy

The Costs of Falling Fertility

Colin Henderson

John Authers Bloomberg Falling fertility is a problem across the developed world. Unlike many other risks, demographic changes can be predicted with some certainty; sliding birth rates translate directly into smaller populations ahead. That is a good thing in many ways. Two hundred years ago, the Malthusian fear was of population growth so rapid that it outstripped natural resources. But there are other ways in which it’s a serious problem, which could also create opportunities for those who offer solutions. And so the McKinsey Global Institute offers a new report on “confronting the consequences of a new demographic reality.” As it sounds, … Continue reading The Costs of Falling Fertility

AI

Top 10 | McKinsey Global Institute

Colin Henderson

As 2024 draws to a close, we’re revisiting our most popular insights of the year. Today, we give you our best-read pieces from the McKinsey Global Institute, which focus on topics including navigating the energy transition, investing in productivity growth, and more. 1. Geopolitics and the geometry of global trade Global trade patterns are reconfiguring. More shifts are likely and businesses need to be aware of the potential trade-offs of different paths ahead. Be prepared for a range of shifts  2. A new future of work: The race to deploy AI and raise skills in Europe and beyond To gain … Continue reading Top 10 | McKinsey Global Institute

AI, Growth, Progress

We Need a New Science of Progress

Colin Henderson

Humanity needs to get better at knowing how to get better. By Patrick Collison and Tyler Cowen July 30, 2019 In 1861, the American scientist and educator William Barton Rogers published a manifesto calling for a new kind of research institution. Recognizing the “daily increasing proofs of the happy influence of scientific culture on the industry and the civilization of the nations,” and the growing importance of what he called “Industrial Arts,” he proposed a new organization dedicated to practical knowledge. He named it the Massachusetts Institute of Technology. Rogers was one of a number of late-19th-century reformers who saw that the United … Continue reading We Need a New Science of Progress

EU

EU Draghi Report on competitiveness with China and US

Colin Henderson

commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en EU competitiveness: Looking ahead Today, Europe stands united in its pursuit of inclusive economic growth, focusing on  sustainable competitiveness economic security open strategic autonomy fair competition They all serve as pillars of prosperity.  The vision that drives Europe forward is to create conditions where businesses thrive, the environment is protected, and everyone has an equal chance at success. Sustainable competitiveness should make sure businesses are productive and environmentally friendly. Economic security ensures that our economy can handle challenges and protect jobs. With open strategic autonomy, Europe is not just open for business; but is shaping a better, fairer world. … Continue reading EU Draghi Report on competitiveness with China and US

AI

My first attempt at a Manifesto for Responsible AI

Colin Henderson

Regulation of AI has become a cottage industry amongst Western governments. As reported by TechCrunch and captured here, “U.S., U.K. and the European Union signed up to a treaty on AI safety laid out by the Council of Europe (COE)” The Parliamentary Assembly of the Council of Europe brings together parliamentarians from the Council of Europe’s 46 member States. Its mission is to uphold the shared values of human rights, democracy and the rule of law. The Assembly uncovers human rights violations, monitors whether states keep their promises and makes recommendations. In the field of AI, it has adopted a set of resolutions … Continue reading My first attempt at a Manifesto for Responsible AI

Growth1 Comment

AI Regulation Is Coming. Fortune 500 Companies Are Bracing for Impact.

Colin Henderson

Some 27% of Fortune 500 companies cite AI regulation as a risk in their annual reports Belle LinAug. 27, 2024 at 7:00 am Relevance to Bankwatch Roughly 27% cited AI regulation as a risk in recent filings with the Securities and Exchange Commission, One of the clearest signs yet of how AI rules could affect businesses. The extent of concern across company SEC filings is a clear indication that this risk is real and enough that Boards and Senior Management will reduce their motivation to take on transformative processes associated with AI. We already see that conservatism manifested in AI … Continue reading AI Regulation Is Coming. Fortune 500 Companies Are Bracing for Impact.

Canada

Bloomberg Canadian Finance Conference

Colin Henderson

This is a good event focussed on Canada and with the resources of Bloomberg managing. The level of professional management always shows through for their events. It is “Proudly Sponsored By National Bank of Canada Financial Markets” DETAILS: Bloomberg Canadian Finance Conference Oct 16th, 2024 Last year, we were pleased to have you join the virtual edition of Bloomberg’s Canadian Finance Conference, Proudly Sponsored By National Bank of Canada Financial Markets. We’re delighted to inform you that Bloomberg’s Canadian Finance Conference will be returning on October 16. Register for a complimentary pass to watch the live broadcast. During this virtual … Continue reading Bloomberg Canadian Finance Conference

productivity

Market Selloff: Fed May Have Played the Rate-Cut Waiting Game Too Long – Bloomberg

Colin Henderson

What a difference a day makes. After rising on expectations of a September rate cut, stocks sell off after a slew of data points to recession. — Read on http://www.bloomberg.com/opinion/articles/2024-08-02/market-selloff-fed-may-have-played-the-rate-cut-waiting-game-too-long Continue reading Market Selloff: Fed May Have Played the Rate-Cut Waiting Game Too Long – Bloomberg

Risk

Live Updates: The Fed Hinted That Rate Cuts Could Come Soon

Colin Henderson

The Federal Reserve left its benchmark interest rate unchanged at a two-decade high but suggested that recent progress in lowering inflation could enable it to cut interest rates soon. Updated  July 31, 2024, 2:49 p.m. ET6 minutes ago Pinned Federal funds target rate Federal Reserve officials left interest rates unchanged at their July meeting, as economists had expected, and hinted that recent progress in lowering inflation could enable them to cut interest rates soon. Continue reading Live Updates: The Fed Hinted That Rate Cuts Could Come Soon

AI

THE EVOLVING IMF

Colin Henderson

Over the past 30 years the IMF has adapted to global shocks and evolving member needs Source IMF I respect the IMF and their comprehensive view of the world since WW2. This latest is a useful summary of recent banking and financial crises. >Dear Colleague, >The IMF has always adapted to the evolving needs of its member countries, and the pace of change has accelerated in the past 30 years, the IMF’s Atish Rex Ghosh and Andrew Stanley write in F&D magazine’s Picture This series. In response to financial crises, the IMF not only stepped-up lending but also enhanced its crisis prevention and resolution tool kits, … Continue reading THE EVOLVING IMF