Why We All Need to Know Macroeconomics
Your market is no longer a domestic market. Your market is a global market.
Macroeconomics has microeconomic implications. If I am running a corporation that I previously thought of as a domestic corporation, there really is no such thing anymore. Everything from consumer package goods in the United States to makers of large capital equipment – your market is no longer a domestic market. Your market is a global market. And so that requires understanding that the decisions that are made at the level of international economic policymakers come home to roost, so to speak, in your bottom line.
We see this in companies ranging from Kraft Foods and others to companies like Proctor & Gamble. And so what’s really critical here is that business leaders understand that what happens abroad has implications for the bottom line at home.
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It has found several bizarre planets outside of our solar system.
- The Kepler program closed down in August, 2018, after nine and a half years of observing the universe.
- Picking up where it left off, the Transiting Exoplanet Survey Satellite (TESS) has already found eight planets, three of which scientists are very excited about, and six supernovae.
- In many ways, TESS is already outperforming Kepler, and researchers expect it to find more than 20,000 exoplanets over its lifespan.
Meanwhile, Spaniards are the least likely to say their culture is superior to others.
- Survey by Pew Research Center shows great variation in chauvinism across Europe.
- Eight most chauvinist countries are in the east, and include Russia.
- British much more likely than French (and slightly more likely than Germans) to say their culture is "superior" to others.
This economy has us in survival mode, stressing out our bodies and minds.
- Economic hardship is linked to physical and psychological illness, resulting in added healthcare expenses people can't afford.
- The gig economy – think Uber, Lyft, TaskRabbit, Handy – is marketed as a 'be your own boss' revolution, but it can be dehumanizing and dangerous; every worker is disposable.
- The cooperative business model can help reverse wealth inequality.
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