GLOBAL ECONOMY 9,720

WHAT ?

http://themoneyupdate.com/the-global-economy-has-many-factors-working-against-it-in-the-upcoming-year/


*  Special thanks to "Google Images", Wikipedia, "BBC News", "New Jersey.com"
and "USA Today".

BLOG POST

6.21.13

by Felicity Blaze Noodleman

Once again we are Noodeling the problems of modern day America.  We are using the Internet to answer many questions and give us some direction as we all seem to be going down with the ship. This week we are picking up with a point which came out of last weeks article concerning Nuclear energy and electrical generating as a national natural resource.  This week we want to examine how we as a nation could optimize job growth in the United States by modernizing and expanding both the production of more electricity and also rethinking how this resource is sold or distributed to compete with our competitors in the global market place.

As in last weeks article we wrote how Nuclear Energy seems to be coming to a conclusion as a generating source.  This realization brings us back to some earlier methods of electrical generation along with some newer technologies to meet the demand for electricity.  

Touching on the idea of electrical energy as a natural resource which is able to spur a nation’s economic growth we begin to see the need for a production capacity which is able to produce electricity in such vast quantities that the cost to all users both industrial and individual house hold is significantly less than today's rates.  This concept is simple; in fact it is the simple law of supply and demand.  If we as a nation could make this concept work, (with the governments assistance) all kinds of things would begin clicking in favor of the American people.  

By comparing the US and China we discovered how China has lurched ahead of the world’s other industrialized nations by providing cheap electricity from its newly constructed Three Gorges Dam on the Yangtze river (a dam which makes Hoover Dam look like a mud puddle).  Combined with other incentives China has been able to lure many of the world’s leading industries to open manufacturing facilities in the once heavily communistic country.

It would seem that China has “raised the bar” and rewritten the book on capitalism and now the rest of the world’s leading nations must find a way to compete with the Chinese business model.  While the US government for example, wants to Tax, Tax, and Tax industry and burden companies with all kinds of restrictions and regulations at every turn;  the Chinese have found a way to subsidize Industry and work hand in hand with their new world corporations and, Jobs for the Chinese.  The result for Americans is fewer and fewer jobs.

World currencies pivit on the values of their GNP (gross national product) Oil and Gold to set their values which is determined by the World Bank.
http://www.britannica.com/blogs/2008/11/nobel-economists-offer-first-aid-for-global-economy/

Google is literally littered with all kinds of news articles from the past warning of the United States current situation.  In short to cut to the chase we must ask, why has not the Government done anything to keep up and compete in the new worlds economy and in particular, the Chinese to stop the flow of American jobs leaving this country?  

Because the Democrats have allowed the mass exodus to happen as they have held the door open  encouraging American Corporations to move out of the country.  We say this because the Democrats have been in control of Washington for the majority of the past 60 years and because the destructive forces have come about through legislation sponsored and passed by the Democrats.  Clearly the Democrats have gone rogue and forgotten the voters who put them in office.  They are to busy with to many small trifling issues and the world scene and not attending to business here at home!

Another disaster which has hurt the country and many Americans directly has been the recent collapse of the housing markets and added Trillions to the Federal deficit not to mention the biggest federal bailout economic mess in history.  All of the catastrophes have been caused by the Democrats and their destructive policies.  How much longer must we endure the disasters of this short sighted political party (and believe me this is stating the situation politely).

Group of 20 leaders met in Mexico as the global economy sputters and Europe struggles to stabilize its common currency.  The Group of Twenty Finance Ministers and Central Bank Governors (also known as the G-20, G20, and Group of Twenty) is a group of finance ministers and central bank governors from 20 major economies: 19 countries plus the European Union, which is represented by the President of the European Council and by the European Central Bank.  The G-20 heads of government or heads of state have also periodically conferred at summits since their initial meeting in 2008. Collectively, the G-20 economies account for approximately 80 percent of the gross world product (GWP),  80 percent of world trade (including EU intra-trade), and two-thirds of the world population.  They furthermore account for 84.1 percent and 82.2 percent of the world's economic growth by nominal GDP and GDP (PPP) respectively from the years 2010 to 2016, according to the International Monetary Fund (IMF).

  Wikipedia and http://money.cnn.com/2012/06/19/investing/g20/index.htm

This cartoon comments on the US economic collapse, but unfortunately as US economic experts have warned - they are not sure where the bottom is and that's because of the fluctuation in the world economy.
http://www.thelibertyvoice.com/30-reasons-to-get-nervous-about-the-u-s-economy

The two articles below begin to give us some insight concerning the complexities with both US economics and how it is effectuated by the new world economy:

“BBC News”

12 June 2013 Last updated at 22:36 ET

World Bank Cuts China Growth Forecast

There have been concerns whether China can sustain its high growth rate amid a global slowdown
The World Bank has cut its growth forecast for China amid warnings of slower but more stable global growth over the coming months.

The bank now expects the China to grow 7.7% in 2013, down from its earlier projection of 8.4%.

It also cut the forecast for global economic growth to 2.2% from 2.4%.

The bank said growth in China, the world's second-largest economy, had slowed as policymakers look to rebalance its growth model.

Over the past few decades China has relied heavily on exports and government-led investment to boost its economy.

However, a slowdown in key markets such as the US and Europe has seen a decline in demand for Chinese exports, prompting concerns whether China can sustain its high growth rate.

There have been calls for China to take measures to boost domestic demand to offset the decline in exports and rebalance its economy.

While Beijing has been keen to boost domestic consumption, analysts have said that the shift in its growth model may see China's growth rate slow in the short-term.

'Main risk'

The World Bank's cut to China's outlook comes just six months after it raised its forecast for the

While there are markers of hope in the financial sector, the slowdown in the real economy is turning out to be unusually protracted,”

In a report released in December last year, the bank said that stimulus measures and approval of infrastructure projects would help boost China's growth, and raised it forecast for 2013 to 8.4% from 8.1%

That was after Beijing had approved infrastructure projects worth more than $150bn (£94bn).

However, in its latest report, the bank raised concerns over China's investment-led growth model.

"The main risk related to China remains the possibility that high investment rates prove unsustainable, provoking a disorderly unwinding and sharp economic slowdown," it warned.

It further added that "should investments prove unprofitable, the servicing of existing loans could become problematic - potentially sparking a sharp uptick in non-performing loans that could require state intervention".

'Unusually protracted'

Globally, the World Bank said growth remained subdued in high income countries, especially in Europe, despite improvements in financial conditions.

It added that growth in emerging economies such as Brazil and India, which have seen robust growth rates in the past few years, have slowed more recently.

It said any pick-up in growth of developing countries was likely to "modest".

"While there are markers of hope in the financial sector, the slowdown in the real economy is turning out to be unusually protracted," said KaushikBasu, chief economist at the World Bank.

"This is reflected in the stubbornly high unemployment in industrialised nations, with unemployment in the eurozone actually rising, and in the slowing growth in emerging economies."

“BBC News”

“New Jersey.com”

U.S. Slipping in The Ranks of Global Competitive Economies, According to Survey Report

Published: Thursday, September 09, 2010, 9:10 PM    

Updated: Thursday, September 09, 2010, 9:20 PM

By The Associated Press 


BEIJING — The U.S. has slipped down the ranks of competitive economies, falling behind Sweden and Singapore due to huge deficits and pessimism about government, a global economic group said Thursday.

Switzerland retained the top spot for the second year in the annual ranking by the Geneva-based World Economic Forum. It combines economic data and a survey of more than 13,500 business executives.

Sweden moved up to second place while Singapore stayed at No. 3. The United States was in second place last year after falling from No. 1 in 2008.

The WEF praised the United States for its innovative companies, excellent universities and flexible labor market. But it also cited huge deficits, rising government debt and declining public faith in politicians and corporate ethics.

"There has been a weakening of the United States' public and private institutions, as well as lingering concerns about the state of its financial markets," the group said.

Mapping a clear strategy for exiting the huge U.S. stimulus "will be an important step in reinforcing the country's competitiveness," it said.

The report was released in Beijing ahead of a WEF-organized gathering of global business executives next week in neighboring Tianjin. The group is best known for its annual Davos meeting of corporate leaders.

The report ranks 139 countries by assessing business efficiency, innovation, financial markets, health, education, institutions, infrastructure and other factors.

The United States was followed by Germany, Japan, Finland, the Netherlands, Denmark and Canada.

Switzerland held its top rank due to its strong innovation, evenhanded regulation and one of the world's most stable economic environments.

The WEF cited education and regulation as key areas for improvement in a number of economies and warned leaders not to lose sight of long-term needs as they struggle with the global crisis.

"For economies to remain competitive, they must ensure that they have in place those factors driving the productivity enhancements on which their present and future prosperity is built," one of the report's co-authors, Columbia University economist Xavier Sala-i-Martin, said in a statement.

China performed best among major developing economies, rising two places from last year to 27th based on its large and growing market, economic stability and increasing sophistication of its businesses.

Japan gained two places, helped by strong innovative abilities, though its status was hurt by the country's two-decade-old financial malaise.

Greece plunged 12 places to 83rd, plagued by a debt crisis and mounting public concern about corruption and government inefficiency, according to the WEF.

“New Jersey.com”

We've all heard about tax cuts, and how the stimulus money was spent, but did any one in Washing think about modernising the US infrastructure as a means for stimulating employment growth?  More and cheaper electricity for example?  What other areas could encourage and attract Corporations to relocate and stay in the US?http://www.nj.com/hudson/voices/index.ssf/2010/09/us_slipping_in_the_ranks_of_gl.html

Once again we have been thinking outside the box - way out side the box!  It may sound like we are advocating the nationalization of energy and especially the generation of electricity in the United States but when we stop to remember that the Hoover Dam, The Tennessee Valley Authority and many of the Nuclear power generating stations were all Government projects to begin with the idea begins to become clearer.  What we are doing is putting a finer point on the concept and using it to create more jobs by offering companies an incentive build their products in the USA.

 Wikipedia - Wilson Dam, completed in 1924, was the first dam under the authority of TVA, created in 1933.  Many of the Hydro Electrical producing dams in the United States are nearing their 100 year anniversary and the country is in need of many upgrades to the electrical infrastructure.

We are concluding this weeks posting with an article from "USA Today" which has reported some good news for General Motors and the USA concerning their GMC truck division.  This is one of the brands GM has built in the US since the company was founded.  Once again this has been Felicity advocating for the American people!

WHAT ?



GMC finished No. 2 in the J.D. Power initial quality survey and led and overall General Motors charge up the quality rankings. (Photo: GM)

GM Makes Big Move Up In J.D. Power Quality Survey

Chris Woodyard and Fred Meier,
USA TODAY 1:57 p.m. EDT June 19, 2013

GM brands ace quality survey, Porsche in first and Scion is dead last

Story Highlights

·         General Motors moves up in the closely watched quality survey

·         Ford remains stuck near the bottom

·         Toyota's Lexus is third, but Scion is dead last

Four years out of bankruptcy reorganization, General Motors has risen dramatically up the ranks of one of the auto industry's closest-watched measures of vehicle quality.

One GM label, its GMC truck brand, jumped to No. 2 among all brands -- just behind Porsche -- for fewest new vehicle problems in the 2013 J.D. Power and Associates' Initial Quality Survey. Chevrolet rose to fifth in the annual quality ranking, and GM's other two brands, Cadillac and Buick, both beat the industry average.

GM's Chevrolet brand also captured five of the 26 top awards for individual models with best quality in the rankings for various car and truck market segments by size, type and price.

"GM has the best quality of any corporation in industry," says Dave Sargent, J.D. Power's vice president of global automotive. It shows how fast a company with a flawed quality reputation can turn things around. "People were alleging their quality was so bad they deserved to go out of business."

Says Tony DiSalle, VP of marketing for GMC: "Perfecting the customer experience is everything to the GMC brand, from the first visit to the dealership, or drive home, or 10 years down the road. This study demonstrates that the brand is following through on its commitment to quality."

Porsche, of course, was proud to beat them all. "Porsche stands for sportiness and performance," said Matthias Müller, CEO of Porsche AG. "We are pleased to see that our equally high levels of quality in design, development and production have also been confirmed with these awards."

While losing the top spot to Porsche, GMC even beat Toyota's luxury brand Lexus, a perennial top dog in the quality rankings. The namesake Toyota brand, meanwhile, placed a respectable seventh. But in one of the biggest surprises in this year's ranking, Toyota's youth oriented Sicon sank to dead last among brands on sale in the U.S.

Toyota spokesman Mike Michels says the differing results for Lexus and Scion appear to be totally separate issues. On Lexus, he says the brand appeared to skirt the technology issues that dogged others by deployments of a technology specialist and a delivery specialist at every dealership. The former troubleshoots technology issue, like phone pairing, while the latter explains all the high-tech features of the cars to customers.

He says Scion's score was pulled down by out-of-the-gate problems on the FR-S sports car (sibling to the BRZ sold by Subaru). Michels says owners complained about an engine stalling problem and condensation inside the taillights, issues that have since been solved. Plus, the car doesn't have a lot of storage space or cupholders, he says.

The survey, conducted from Feb. through May, tracks owner complaints about problems in manufacture or design in the first 90 days of ownership.

And it carries huge influence: Ford which fell in 2011, 2012 and again this year -- much due to dissatisfaction with its high-tech MyFord Touch infotainment systems -- fired a preemptive strike on Monday by announcing that it will add low-tech knobs to its the confusing electronic touch controls. The Ford brand is in the bottom third, although its premium Lincoln brand was slightly above the industry average.

For the survey's 27th year, J.D. Power has shaken up its process to put a greater emphasis on design problems, not just manufacturing goofs. The ratings company says two thirds of complaints about cars in the first 90 days of ownership are related to design. As a result, only 9% of those problems are presented to dealers for solutions, compared to 28% who take back their cars for a repair.

J.D. Power's new system, which now uses online responses to get more detailed and immediate information, in recent years also has tended to tar automakers on high-tech issues where buyers find complicated systems, such infotainment or navigation, hard to figure out or cumbersome to use Sergeant says.

That could be helping automakers such as GM, which has emphasized ease-of-use in rolling out advanced touchscreen infotainment systems, while punishing others, such as Ford, which have rolled out gee-whiz technology across their lines.

GMC's second-place finish includes its 2013 model-year pickup trucks that are being replaced now by an all-new 2014 model. GM has had years to work the kinks out of its current-generation pickups, reducing its flaws.

Sargent, however, says the GM has had a philosophy change and no longer rolls out new models with quirks that it knows will need fixing. Now it is building in quality from the start.

When it came individual models, however, GM's Chevrolet was the clear winner with model segment wins or ties with its Avalanche, Camaro, Impala, Silverado HD and Tahoe. Next in the model wins came Honda, Kia, Mazda and Porsche, each with two vehicles. The brand and segment results:

BRAND RANKING

Average problems per 100 vehicles of whole line:

·         Porsche 80

·         GMC 90

·         Lexus 94

·         Infiniti 95

·         Chevrolet 97

·         Acura 102

·         Toyota 102

·         Honda 103

·         Jaguar 104

·         Hyundai 106

·         Kia 106

·         Mercedes-Benz 106

·         Audi 108

·         Cadillac 108

·         Buick 109

·         Chrysler 109

·         Lincoln 113

·         INDUSTRY AVERAGE 113

·         BMW 114

·         Volvo 114

·         Smart 115

·         Land Rover 116

·         Jeep 118

·         Volkswagen 120

·         Mazda 125

·         Subaru 128

·         Dodge 130

·         Ford 131

·         Ram 132

·         Mini 135

·         Nissan 142

·         Mitsubishi 148

·         Fiat 154

·         Scion 161

TOP 3 CARS BY TYPE

In order by fewest problems per 100 vehicles (fewer than three means no others beat the segment average):

·         City Car: Smart Fortwo, Chevrolet Spark

·         Subcompact car: Mazda2, Hyundai Accent, Honda Fit

·         Compact car: Honda Civic, Toyota Corolla, Honda Insight

·         Compact Sporty Car: Mazda MX-5 Miata, Volkswagen Eos, VW GTI

·         Compact Premium Car: Acura TL, Inifiniti G, Cadillac CTS

·         Compact Premium Sporty Car: Porsche Boxster, Nissan Z, BMW Z4

·         Midsize car: Toyota Camry, Hyundai Sonata, Buick Regal

·         Midsize Sporty Car: Chevrolet Camaro (tie), Ford Mustang (tie)

·         Midsize Premium Car: Hyundai Genesis sedan, Mercedes-Benz E-Class, Jaguar XF (tie), Lexus GS (tie)

·         Midsize Premium Sporty Car: Porsche 911

·         Large Car: Chevrolet Impala, Hyundai Azera, Chrysler 300

·         Large Premium Car: Lexus LS, Audi A8, Porsche Panamera

TOP 3 CROSSOVERS (CUV), VANS, TRUCKS BY TYPE

·         Sub-compact CUV: Buick Encore (tie), Kia Sportage (tie), Nissan Juke

·         Compact CUV: Honda CR-V, Toyota FJ Cruiser, Chevrolet Equinox

·         Compact Premium CUV: Mercedes-Benz GLK, Audi Allroad, Acura RDX

·         Compact Multipurpose Vehicle: Kia Soul, Mazda5

·         Midsize CUV: Nissan Murano, Buick Enclave, Hyundai Santa Fe

·         Midsize Premium CUV: Infiniti FX, Lexus GX, Porsche Cayenne

·         Minivan: Chrysler Town & Country, Honda Odyssey

·         Large CUV: Chevrolet Tahoe, Toyota Sequoia

·         Large Premium CUV: Cadillac Escallade, Mercedes-Benz GL Class

·         Large Light-Duty Pickup: Chevrolet Avalanche (tie), GMC Sierra (tie), Chevrolet Silverado

·         Large Heavy-Duty Pickup: Chevrolet Silverado HD, GMC Sierra HD

"USA Today"



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