Flying in those friendly skies has never been better for the corporate airlines. As for the cattle that is herded into the pens, the exhilaration and excitement has long faded into storm clouds. No doubt that in a competitive economy, enterprises must make a profit to survive, much less prosper. The airline industry does not have the same romance of a Yankee Clipper flight to China, but the amenities of sacking out in style certainly improves the hardship of travel. So what about the economics of the air passenger sector? A CNN reports says it all Airlines saved $11 billion on fuel. You saved 8 bucks.
When Corporatocracy published the article, Corporate Inversion Relocation almost two years ago, little attention or coverage in the financial press could be found on the tax avoidance practice of inversion. Now that Hillary Clinton denounced the $16 billion (€14.7 billion) merger of Johnson Controls and Tyco International, the subject is coming to the forefront. A fine account of this controversy is published in the European press, Follow the Money. A wealth of financial data and charts are available in this translated version from the column.
The joy of driving was once an important part of the American Dream. Take to the open roads meant freedom and adventure. The utilitarian objective of moving from one place to another just does not seem to possess the same romance. As with all reminiscences of the past, the lingering memories like to keep the good times close and block out the troubles when possible. This same trait can be applied to the distinctly national love affair with the auto. But as with all things, times move on and many in the tech community believe that the next advancement in land travel will come from an AI revolution.
What is all the excitement around the Bernie Sanders diatribes that have the Occupy Democrats drooling? According to 170 Top Economists Pen Letter Backing Bernie Sanders’ Plan To Break Up The Biggest Banks, the argument made references the “hyperbolic imagery that invokes the bread lines of the Soviet Union and massive famines in China, entirely ignorant of the vast differences between democratic socialism and totalitarian communism – like their refusal to distinguish between “free market capitalism” and “unrestricted plutocracy.”
When the international financial press presents their standard explanation for the panic decline in the Chinese stock market, most want to tamp down the acute apprehension that the long awaited global depression is now at hand. Well, the International Business Times in their account on the China Stock Markets, makes a very insightful appraisal.
Economists, stock pickers and financial analysts are eager to play the forecast game. Clients of these erudite soothsayers would like you to believe that their study of trends and markets are founded on empirical maxims. What they carefully avoid admitting is that predicting the political climate is even more important than knowing the direction that monitory central banking will follow. 2016 promises to be a pivotal year. Depend upon the overactive drive of a lame duck President to complete his task of ruining the economy before he leaves office.
What does a CEO do when the economy is in a persistent down turn and your business cannot expand or grow? Jump at the time tested strategy of acquisition to gain market share seems to be the response in 2015. Yet a merger is no sure thing. Anyone remember AOL’s deal to buy Time Warner. How did that turn out? Just how much additional efficiency can be squeezed out of any company? In the era of part time contract workers and low wages, all the fat has been long gone. As for research and development in new technology or products, how will such innovation be marketed in an economy infatuated with the promise of Amazon Prime drone deliveries?
If you want to know how the “so called” Free Trade exponents think about exports, just analyze the impact and actual beneficiaries of the US House passes bill to lift 40-year ban on oil exports.
“The crude export restrictions were introduced in the US in 1975 in the middle of the energy crisis. They followed OPEC’s oil embargo of the US and other countries backing Israel during the Arab–Israeli war of 1973. In the face of embargo-related high oil prices, Washington eased the limits on oil imports and ordered an export ban.”
Government funding of companies provides a steady stream of support for tech developing innovations. One vehicle for facilitating this relationship can be found in an entity called, In-Q-Tel. IQT describes their function as: “In-Q-Tel is the independent, not-for-profit organization created to bridge the gap between the technology needs of the U.S. Intelligence Community (IC) and emerging commercial innovation. We invest in venture-backed startups developing technologies that provide ready-soon innovation (within 36 months) vital to the IC mission. These technology startups are traditionally outside the reach of the IC; in fact, more than 70 percent of our portfolio companies have never before done business with the government.”
Espionage is about gathering information. When foreign interests conduct such operations it is usually called spying. When corporations seek to acquire trade secrets from a competitor, it often becomes a case for legal litigation. In business terms, just what is the best way to view stealing secrets? Investopedia defines ‘Economic Espionage’ accordingly.
With the approach of the much ballyhooed Paris Climate Summit, the world is being conditioned to accept the spread of the renewable energy gospel. As shams go this one is a doozy. Absent from the filtered media coverage is the actual record of failure and fraud that produces more bankruptcies than usable energy. Hold onto your socks, the waste of public money is about to accelerate. All these projects will enrich the few, while soaking the multitude. Aye, global warming is such a blessing . . .
The usual holiday cheer that underpins the throngs of shoppers may be missing this season. Political pundits are eager to blame potential terrorist risks as a compelling reason to avoid the crowds at malls, but knowing the sentiments of the consumer culture, it is difficult to accept that retail businesses will be empty. Nevertheless, will the economy incentivize the bargain hunters to brave the added security obstacles to storm the doors for the reward of super discount pricing?