Has the World Economy Recovered?

As American firms hire more people and Europe avoids a Greek catastrophe, there are signs that the global economic is recovering. Countries need to take cautiously optimistic action. 

What's the Latest Development?


As the world economy shows signs of resiliency, perhaps the best news is coming out of the US. The good news may be both cyclical, as unemployment and underemployment are falling and consumers are spending more, and cyclical, as the economic drag from the housing bubble begins to wane. "More jobs have been created in the three months since November than in any three-month period since 2006." The nation's economic growth is forecast at 2.5 percent this year, which is not a boom, but understandable given debt-laden governments and households. 

What's the Big Idea?

In the short term, there remain threats to a global recovery, such as an oil supply crisis instigated by Iran. Over the long term, governments should focus more on creating economic growth than on cutting budgets, since growth is the best way to generate the revenue needed to pay down government debt. China's economy, which has helped sustained world markets while the West imploded, must be reoriented toward creating more domestic consumption. To do that, pensions and health spending should receive more funding than infrastructure. 

Photo credit: shutterstock.com

Compelling speakers do these 4 things every single time

The ability to speak clearly, succinctly, and powerfully is easier than you think

Former U.S. President Barack Obama speaks during a Democratic Congressional Campaign Committee rally at the Anaheim Convention Center on September 8, 2018 in Anaheim, California. (Photo by Barbara Davidson/Getty Images)
Personal Growth

The ability to communicate effectively can make or break a person's assessment of your intelligence, competence, and authenticity.

Keep reading Show less

Scientists invent method to extract gold from liquid waste

The next gold rush might take place in our sewers.

Shutterstock
Surprising Science
  • Even though we think of it as exceedingly rare, gold can be found all around us.
  • The trouble is, most of the gold is hard to get at; its too diluted in our waste or ocean waters to effectively extract.
  • This new technique quickly, easily, and reliably extracts gold from most liquids.
Keep reading Show less

How 'dark horses' flip the script of success and happiness

What defines a dark horse? The all-important decision to pursue fulfillment and excellence.

Big Think Books

When we first set the Dark Horse Project in motion, fulfillment was the last thing on our minds. We were hoping to uncover specific and possibly idiosyncratic study methods, learning techniques, and rehearsal regimes that dark horses used to attain excellence. Our training made us resistant to ambiguous variables that were difficult to quantify, and personal fulfillment seemed downright foggy. But our training also taught us never to ignore the evidence, no matter how much it violated our expectations.

Keep reading Show less