Look to the Ever-Nimble Tech Sector to Forecast Economic Recovery
All too familiar with the ravages of the late-90s tech bubble, tech companies are not playing the fool this time around.
Though they are by no means seeing stellar profits--in fact sales were down ten percent in March--the tech sector is looking significantly better than other areas for one key reason:
When the economy went south in the fourth quarter many retailers halted new orders from Asia immediately fearing they would be left with excess inventory collecting dust on their storerooms. This was the case in 2001 when Cisco had to write off $2.5 billion in unsold stock.
An ability to stop the supply chain at the drop of the hat is one of the sector's great advantages over others, and they are equally nimble to restart orders when the climate improves. Also, real-time order tracking only improves tech's ability to gauge precisely when and where a certain volume of products will hit the market.
Giving an update on his company, Intel CEO Paul Otellini told Wired that "the worst is now behind us from an inventory correction and demand level adjustment perspective." Unless they have to make many further inventory corrections, it all looks good for tech being at the front of the line when a recovery finally kicks in.
Antimicrobial resistance is growing worldwide, rendering many "work horse" medicines ineffective. Without intervention, drug-resistant pathogens could lead to millions of deaths by 2050. Thankfully, companies like Pfizer are taking action.
- Antimicrobial-resistant pathogens are one of the largest threats to global health today.
- As we get older, our immune systems age, increasing our risk of life threatening infections. Without reliable antibiotics, life expectancy could decline for the first time in modern history.
- If antibiotics become ineffective, common infections could result in hospitalization or even death. Life-saving interventions like cancer treatments and organ transplantation would become more difficult, more often resulting in death. Routine procedures would become hard to perform.
- Without intervention, resistant pathogens could result in 10 million annual deaths by 2050.
- By taking a multi-faceted approach—inclusive of adherence to good stewardship, surveillance and responsible manufacturing practices, as well as an emphasis on prevention and treatment—companies like Pfizer are fighting to help curb the spread.
No, the Syrian civil war is not over. But it might be soon. Time for a recap
- The War in Syria has dropped off the radar, but it's not over (yet)
- This 1-minute video shows how the fronts have moved – and stabilised – over the past 22 months
- Watching this video may leave you both better informed, and slightly queasy: does war need a generic rock soundtrack?
Sarco assisted suicide pods come in three different styles, and allow you to die quickly and painlessly. They're even quite beautiful to look at.
Death: it happens to everyone (except, apparently, Keanu Reeves). But while the impoverished and lower-class people of the world die in the same ol' ways—cancer, heart disease, and so forth—the upper classes can choose hip and cool new ways to die. Now, there's an assisted-suicide pod so chic and so stylin' that peeps (young people still say peeps, right?) are calling it the "Tesla" of death... it's called... the Sarco!
Entrepreneur and author Andrew Horn shares his rules for becoming an assured conversationalist.
- To avoid basing action on external validation, you need to find your "authentic voice" and use it.
- Finding your voice requires asking the right questions of yourself.
- There are 3-5 questions that you would generally want to ask people you are talking to.
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