While all of those perspectives are relevant, the most revealing aspect of GM’s announcement may well be what the layoffs say about broader technology trends. GM’s layoffs are not just incremental but existential, in that sense:
They are about accelerating the staffing changes mandated by the company’s aggressive transition from analog to digital products and from gasoline to electric power.
As such, the new layoffs (and associated future hirings) are likely an augury of much more disruption coming — in the auto sector, for sure, but also in firms all across the economy.
By that, we mean that GM’s layoffs significantly reflect the talent and workforce strains associated with the diffusion of digital and electronic technologies into nearly every industry, business, and workplace in America.
Another summit is upon us this week, and it’s Brexit time again. Another summit wasted on squaring the circle of the UK’s indecisiveness. Cynics might say that surely, EU leaders could put their time to better use.
To be fair, if it wasn’t Brexit, it would have been something else. A problem always comes along, like migration, Trump or Russia. And they are all legitimate issues that deserve attention.
But when will the leaders find the time to sit down and think about strategic, long-term issues, issues that tend to end up under the carpet or fall by the wayside?
European leaders, within and without the EU institutions, have conveniently forgotten the attempts to replace the EU’s treaties with a European constitution.
The draft MFF proposed by the European Commission includes new tools for addressing the systemic misuse of EU funds. This is a major step forward, as the Commission does not only acknowledge the problem that EU funds can become more likely targets of fraud and corruption than national budgets in some countries, but also that what we are seeing today is a systemic problem.
Weakened by a decade of unresolved economic crisis and shaken by the awakening of populism, the European Union (EU) project currently faces four disintegrating factors: Brexit, democratic disaffection, monetary and financial fragmentation and territorial dislocation.
If EU member states want to escape those looming risks, they must, as they always have in the last five decades, reinvent Europe in order to save it.
There is still no clear picture in Katowice on how to provide a readily available funding mechanism for developing countries affected by extreme weather events.
“Loss and Damage” is turning into one of the most intensively negotiated agenda items in Katowice, said Reinhard Mechler, deputy director of the Risk and Resilience (RISK) research program at the International Institute for Applied Systems Analysis (IIASA).
“Nothing is clear at this stage of the negotiations,” he told EURACTIV.
Part of the yield curve inverted this week when yields on 5- year Treasuries dropped below those on both the 2- and 3-year securities, a signal that has preceded every U.S. recession in recent memory by between 15 months and 2 years.
Yet the long delay between a yield curve inversion and a full recession can still be a profitable time to invest, said Charles Lemonides, founder of New York-based hedge fund ValueWorks.
As Donato Di Carlo rightly points out, the scale of the imbalances within the eurozone has been at the core of the academic and political debate. The most common criticism of Germany’s excessive surpluses usually refers to the wage restraint policies that the government implemented from the onset of EMU in the late 1990s.
For as long as it is part of cultural class warfare, the fight against the far right will never be won. The frontline runs between middle-class groupings, which is why – even in these times of extreme inequality – the debate focusses on questions of morals and identity, not wealth distribution.
For much of recorded human history, questions about who we are and where we are going have been the domain of priests and philosophers.
Today, however, it is academics and creatives who are providing answers.