1. A Very European Break Up (by econfilmstv)

  2. The consequences of all these changes, this report will argue, amount to a third industrial revolution. The first began in Britain in the late 18th century with the mechanisation of the textile industry. In the following decades the use of machines to make things, instead of crafting them by hand, spread around the world. The second industrial revolution began in America in the early 20th century with the assembly line, which ushered in the era of mass production. As manufacturing goes digital, a third great change is now gathering pace. It will allow things to be made economically in much smaller numbers, more flexibly and with a much lower input of labour, thanks to new materials, completely new processes such as 3D printing, easy-to-use robots and new collaborative manufacturing services available online. The wheel is almost coming full circle, turning away from mass manufacturing and towards much more individualised production. And that in turn could bring some of the jobs back to rich countries that long ago lost them to the emerging world.
  3. Think about the traits that creative people possess. Creative people don’t follow the crowds; they seek out the blank spots on the map. Creative people wander through faraway and forgotten traditions and then integrate marginal perspectives back to the mainstream. Instead of being fastest around the tracks everybody knows, creative people move adaptively through wildernesses nobody knows. Now think about the competitive environment that confronts the most fortunate people today and how it undermines those mind-sets…. We live in a culture that nurtures competitive skills. And they are necessary: discipline, rigor and reliability. But it’s probably a good idea to try to supplement them with the skills of the creative monopolist: alertness, independence and the ability to reclaim forgotten traditions.
  4. 85% of net new jobs in the EU between 2002 and 2010 were created by small and medium sized enterprises (SMEs).
  5. McKinsey Global Institute - report on the Internet’s economic impact

  6. OH on the radio: “The stock market is the 13-year-old daughter of the economy. It overreacts to *every*thing.”
  7. A few more interesting slides that didn’t fit in the last one, including some about sovereign debt and overall risks.  From Mary Meeker’s latest internet trends presentation

  8. The International Monetary Fund raised its 2010 world growth forecast to 4.2 percent … (See full report here: http://www.imf.org/external/pubs/ft/weo/2010/01/index.htm)