Home » Posts tagged with » Markets
Walmart avoids $1 billion a year in taxes through federal loopholes. The losers are the working-class consumers who think they’re getting a good deal by elbowing through the mob surrounding the Xbox floor display. An even more convenient source of “savings” for Walmart operates on the retail level, through the pockets of consumers and workers who rely on taxpayer-funded federal welfare programs.
A study published in The Lancet sheds light on a little-discussed issue affecting U.S. military veterans – a lack of health insurance coverage. Using numbers from the Census Bureau’s American Community Survey, the authors determined that more than 1.2 million veterans lacked health insurance in 2012, in line with previous studies that came to similar conclusions.
In late 2013, Google announced that it had acquired Boston Dynamics, an engineering and robotics company best known for creating BigDog, a four-legged robot that can accompany soldiers into rough terrain. Much of the resulting hype focused on the Internet giant and when it might start making various types of robots. What was good news for Google, however, represented a major loss for the U.S. Department of Defense.
A big-money war is brewing over the meaning of America’s best-selling condiment: mayonnaise. Food giant Unilever has sued the San Francisco start-up behind Just Mayo, an egg-less, mayonnaise-like sandwich spread. Brand disputes typically quibble over words, not the definition of the product itself. But the very modern legal battle will be fought on regulatory territory that is decades old. The FDA’s definition of mayo was set in 1957.
Fleischmann is the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported) to keep the public from hearing. Back in 2006, as a deal manager at the gigantic bank, Fleischmann first witnessed, then tried to stop, what she describes as “massive criminal securities fraud” in the bank’s mortgage operations. This past year she watched as Holder’s Justice Department struck a series of historic settlement deals with Chase, Citigroup and Bank of America. The root bargain in these deals was cash for secrecy. “I could be sued into bankruptcy,” she says. “I could lose my license to practice law. I could lose everything. But if we don’t start speaking up, then this really is all we’re going to get: the biggest financial cover-up in history.”
The crisis in our political system is less about party than about horizon. Somehow, we seem to have lost the capacity for long-range planning and execution—at a time when, arguably, foresight and patience are more essential than ever before. Iit is hard to imagine how our system can possibly implement policies that would be effective in the long run—or how, if we managed to take the right course, we could possibly stick to it.
To prevent dangerous deflation, the ECB is discussing a massive program to purchase government bonds. Monetary watchdogs are divided over the measure, with some alleging that central bankers are being held hostage by politicians. Is it important that the ECB adhere to tried-and-true principles in the crisis, as Weidmann argues? Or can it resort to unusual measures in an emergency situation, as Draghi is demanding?
The gathering risks of climate change are so profound that they could stall or even reverse generations of progress against poverty and hunger if greenhouse emissions continue at a runaway pace, according to a major new United Nations report. In the starkest language the IPCC has ever used, the expert panel made clear how far society remains from having any serious policy to limit global warming.
Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself?
Elizabeth Warren is not running for president apparently because everyone assumes the nomination is Clinton’s. But everyone was making that same assumption eight years ago, and we know what happened. If the choice is between inspiration and inevitability, Warren may be forced to change her plans.
The phrase “Silk Road” evokes a romantic image – half history, half myth – of tented camel caravans winding their way across the trackless deserts and mountains of Central Asia. But the Silk Road is not just part of a fabled past; it is an important feature of China’s current foreign policy.
So, there’s this widely used class of pesticides known as neonicotinoids that have emerged as a prime suspect in honeybee collapse, and may also be harming birds and water-borne critters. But at least they provide benefits to farmers, right? Well, not soybean farmers, according to a blunt economic assessment released Thursday by the Environmental Protection Agency.
It’s unrealistic to expect individuals to inquire, broker by broker, about their files. Instead, we need to require brokers to make targeted disclosures to consumers. Uncovering problems in Big Data (or decision models based on that data) should not be a burden we expect individuals to solve on their own.
The creditor-debtor relationship embodies no iron law of morality; rather, it is a social relationship that always must be negotiated. When quantitative precision and an unyielding approach to debt obligations are the rule, conflict and penury soon follow. We need to limit the supply of and demand for credit to what the economy is capable of producing.
The dangers of climate change have grown and become palpable in myriad ways but nations have made little progress. In fact, having put the car in reverse, they are accelerating in the wrong direction. The planet has a big problem. I’m here to argue that divestment from fossil fuel companies is an important strategy for fiduciaries of all types to pursue. Divestment by any group, but particularly by thought leaders such as those responsible for public pension funds, helps to stigmatize the oil, gas and coal giants as repugnant social pariahs and rogue political forces bent on profit at whatever cost to the planet and its people.
At a windy mountain pass on the edge of the Mojave Desert, North America’s most potent collection of batteries used for storing unused power is humming its way toward an electricity revolution. Southern California Edison, a utility that serves about 14 million people, has amassed more than 600,000 lithium-ion battery cells at a substation in Tehachapi, California. The $54 million, two-year test project aims to collect power generated from the area’s 5,000 wind turbines and store it for future use.
The International Monetary Fund has once again downgraded its assessment of the world economy through 2015. This year, the IMF expects global growth to clock in at 3.3 percent — 0.4 percentage points lower than the organization predicted just six months ago. It’s been six years since the darkest days of the global financial crisis, but economies across the world have yet to escape its shadow. Here are five of the most important charts in the IMF’s forecast that help explain why this recovery continues to disappoint.
In August 2007, then–presidential candidate Barack Obama vowed that, if elected, he would “immediately” amend NAFTA. Six years later, with NAFTA still untouched, Obama faced the decision to appoint the chief U.S. negotiators for the two largest trade agreements in history. And he picked Wall Street bankers for the job. While labor organizations worry about losing leverage, the financial industry seems poised to entrench its influence.
The Energiewende will go on despite its obvious setbacks. There are countries in Europe that already generate more than half of their electricity from renewable sources, such as Sweden, and others that are getting there, such as Austria, and the continent’s biggest economy is trying hard to catch up. The German government’s determination to experiment, and citizens’ continued willingness to pay for these experiments if they lead to a cleaner future, carry important lessons for the U.S. and other countries where politicians are afraid of the kind of upheavals that Germany has faced.
Saving the planet would be cheap; it might even be free. But will anyone believe the good news? Where is the new optimism about climate change and growth coming from? It has long been clear that a well-thought-out strategy of emissions control, in particular one that puts a price on carbon via either an emissions tax or a cap-and-trade scheme, would cost much less than the usual suspects want you to think. But the economics of climate protection look even better now than they did a few years ago.
It looked like East Asia might be the place where the crumbling global order of the past quarter-century, centered on U.S. power and values, would face a decisive crisis. Instead, it was Vladimir Putin who launched a frontal military assault to stop the spread of Western influence and institutions to Ukraine, and the Islamic State that forced the U.S. retreat from foreign military commitments.
After decades of cynical and often secret interventions by the US, Britain, France, Russia, and other outside powers, the Middle East’s political institutions are based largely on corruption, sectarian politics, and brute force. The damage in Libya, Gaza, Syria, and Iraq demands that a political solution be found within the region, not imposed from the outside.
There have to be rules of the game, and these are established through political processes. If we get the rules of the game right, we might be able to restore the rapid and shared economic growth that characterized the middle-class societies of the mid-twentieth century. The main question confronting us today is not really about capital in the twenty-first century. It is about democracy in the twenty-first century.
Economic predictions depend on figuring out what generates economic activity. Since the turn of the 20th century, economists have struggled to grasp what drives various parts of the economy, from consumer goods to commodities to housing. Recent research suggests financial markets and economic growth are supported mainly by animal spirits, not rational calculation
The four founders of the Centre for the Study of Existential Risk, cosmologist Martin Rees, Skype co-founder Jaan Tallinn, economic theorist Sir Partha Desgupta and philosopher Huw Price, are in the business of “horizon scanning” – identifying low-probability-but-high-consequence events – and are concerned mainly with risks we have created ourselves – the consequences of being too clever for our own good. One prominent risk is that artificial intelligence (AI) will outcompete our own for predominance, ultimately allowing AI to relate to humans much as humans currently do to chimpanzees. There is also the risk of the deliberate or accidental release of a virus with a modified genome, the adoption of stratospheric aerosol geo-engineering, and the use of 3-D printers to create military-grade weapons.
Until now the story of human prosperity has been all about cheap, abundant energy. However, something big has been happening. For the first time in history, we are growing richer while using less energy. That is unalloyed good news for budgets, incomes and the planet. We have reached a technological tipping point. Energy-saving is working. Green growth makes sense, and is happening. There is a future that preserves the gains of industrialisation without its polluting losses.
Every piece of garbage can be turned into raw material that can be used in future products. With his influential Cradle to Cradle movement, Germany’s Michael Braungart espouses a form of eco-hedonism that puts smart production before conservation. In Braungart’s universe, every product is basically designed to either decompose without causing any harm or to be recycled without loss of quality. His vision is of a planet on which no garbage accumulates, because all waste becomes food.
Angela Merkel is the most important leader in Europe. She tries to duck it by exhibiting a modest demeanor, presenting no charisma, no grand pronouncements, no apparent ambition to stamp her views on history. Germany’s popular, publicly modest chancellor is the de facto leader of a grouping that famously had no number to call when the U.S. president needed to talk to his closest allies. Now it does: it’s Angela Merkel’s mobile phone. She carries much on her back – luckily for the rest of us.
Capitalism is expanding like a tumor in the body of American society, spreading further into vital areas of human need like health and education. Not coincidentally, as inequality has surged since the 1980s, the number of administrators at private universities has doubled. Administrators now outnumber faculty on every campus across the country. As with education, the extremes forced upon us by free-market health care are nearly beyond belief.
Important information relating to economics, health and other things can be extracted from big data given the right tools. But exactly how this should be done accurately and reliably is still the subject of significant debate. Government agencies, companies and almost anyone willing to play with the numbers will be able to extract significant value from search query data in future. But considerable care is needed. Many an economic hangover has been caused by over-indulgence in unreliable data.
Making money from water? Is this what Wall Street wants next? Bottled mineral water have always existed alongside a robust municipal water system that delivers clean water to the home. This summer, however, myriad business forces are combining to remind us that fresh water isn’t necessarily or automatically a free resource. It could all too easily end up becoming just another economic commodity. At the forefront of this firestorm is Peter Brabeck, chairman and former CEO of Nestle.
Financial crises may seem a familiar part of the economic cycle, but they rarely repeat themselves exactly. Now, some worry that the next crisis could occur in the asset-management industry. The industry manages $87 trillion, making it three-quarters the size of banks. In January the Financial Stability Board (FSB) published a consultation paper which asked whether fund managers might need to be designated “systemically important financial institutions” or SIFIs, a step that would involve heavier regulation.
Recent advances in technology have created an increasingly unified global marketplace for labor and capital. Some have argued that the current era of rapid technological progress serves labor, and some have argued that it serves capital. The real winners of the future will not be the providers of cheap labor or the owners of ordinary capital, both of whom will be increasingly squeezed by automation. Fortune will instead favor a third group: those who can innovate and create new products, services, and business models.
Hoping in part to expand U.S. business presence in African markets, the Obama administration is hosting a three-day summit this week attended by nearly 50 African heads of state, the first gathering of its kind. Fueled by the consumption demands of a growing young middle-class, the African private sector is, unevenly yet surely, on the rise. But although the United States is still the leader in foreign direct investment in African economies, China surpassed the United States as Africa’s biggest trading partner in 2009.
A few months ago, the international food manufacturing giant General Mills was branded a “clear laggard” by climate activists for not doing enough to cut its carbon footprint. Today, Oxfam International is claiming big victory: General Mills has released a new set of climate policies that Oxfam says makes it “the first major food and beverage company to promise to implement long-term science-based targets to cut emissions.”
It took 13 years for the United States to come to its senses and end Prohibition, 13 years in which people kept drinking, otherwise law-abiding citizens became criminals and crime syndicates arose and flourished. It has been more than 40 years since Congress passed the current ban on marijuana, inflicting great harm on society just to prohibit a substance far less dangerous than alcohol. The federal government should repeal the ban on marijuana.
As Germany basks in its World Cup victory, it’s easy to forget that one of the most telling geopolitical moments of the tournament came during the Germany-U.S. game. As American fans chanted “U-S-A! U-S-A! U-S-A!” the Germans countered with, “N-S-A! N-S-A! N-S-A!”. All the “friendly spying” scandals are just one piece of the puzzle. There are even deeper fissures causing a lot of the bad blood — and suggesting more of it to come.
Climate change poses a significant risk to national security. The U.S. has multiple tools at its disposal to mitigate the impacts of energy supply disruptions, help countries enhance their own energy security and mitigate global climate change. We will need to use all the tools in our tool kit to meet the energy and security challenges we face today. Congress can support the State Department’s role in energy diplomacy, expand our technical assistance programs, and consider energy exports in advancing energy security and promoting lower carbon fuels.
The net result of sub-national regulatory action, the Great Recession, and the widespread substitution of natural gas for coal in electricity generation is that US greenhouse gas emissions dropped by 10 percent between 2005 and 2012. But we must enact policies to maintain this progress, even if market forces change. The goals of Sophisticated Interdependence are to light that path domestically and to emphasize the importance of connecting with our global colleagues along the way.
Welcome to the Everything Boom and, quite possibly, the Everything Bubble. Around the world, nearly every asset class is expensive by historical standards. The big question for the global economy is what happens next. In the most pleasant outcome, global economic growth would pick up, causing today’s expensive assets to begin looking more reasonably priced. But other outcomes are also possible, including busts in one or more markets that could create a new wave of economic ripples in a world economy still not fully recovered from the last crisis.
The OECD has a clear message for the world: for the rich countries, the best of capitalism is over. For the poor ones – now experiencing the glitter and haze of industrialisation – it will be over by 2060. If you want higher growth, says the OECD, you must accept higher inequality. And vice versa.
For more than a year now, the revelations disclosed by former American intelligence worker Edward Snowden have fueled an at times fierce debate over the sense and legality of the NSAs sheer greed for data. Der Spiegel conducted two interviews. The first is with two major critics of the NSA’s work — human rights activist and lawyer Jesselyn Radack, who represents Snowden, and former spy Thomas Drake. The second interview is with John Podesta, a special advisor to United States President Barack Obama.
There’s been much to-do in the past month about the “war on coal,” the latest front of which is, supposedly, the Environmental Protection Agency’s new rule to cut carbon emissions from power plants. What all this “war on coal” talk is missing is the fact that while the Obama administration is taking steps to discourage coal consumption at home, it is tacitly promoting coal exports overseas through a decades-long debacle known as the federal coal leasing program, which has cost taxpayers billions and effectively acted as a subsidy for Big Coal.
The Obamians seem bewildered that the country is not more thankful to its government for having prevented another Great Depression. They saved the banks, and in doing so, they saved the economy from a once-in-a-hundred-year storm. And they proudly point out that all the money given to the financial sector has been more than repaid. But in making such claims, they ignore some critical realities.
The United States passed a major milestone last month, having now regained all 8.7 million of the jobs lost during the Great Recession. But many American families, businesses, and communities are still living with the legacy of the most severe contraction in decades. Wages have stagnated, poverty has increased, social mobility has decreased, and too much human potential is being left untapped.
We may be witnessing the beginning of the end of the neoliberal capitalist consensus that has prevailed throughout the West since the 1980s – and that many claim led to the economic disaster of 2008-2009. There is growing discontent among economics students with the university curriculum, which they claim has become merely a branch of mathematics, disconnected from reality.
Taking a transit-oriented development approach can make public transport not just viable, but effective in its implementation. Three key elements of urban design support quality public transport, and can help cities move towards a transit-oriented development model. City leaders must reshape the roadways connecting communities within cities; create density around public transport to fuel demand; and design facilities that ensure safe and user-friendly transport systems.
One billion people watched the opening match of the FIFA World Cup in São Paulo, Brazil, and hundreds of millions more will tune in at some point during the month-long tournament. For FIFA’s six major partners and the event’s eight official sponsors, this audience is nothing short of a gold mine. Indeed, they pay tens of millions of dollars in the hope that some of the magic of the “beautiful game” will rub off on their brands. For viewers, that is probably not a good thing. Sponsorship by companies like Budweiser, McDonald’s, Coca-Cola, and the food giant Moy Park brings millions of dollars to the game. But what message does it send to the global audience? Promoting alcohol, sugary drinks, and fast food may mean massive profits for corporations, but it also means worse health for individuals and a costly burden on countries’ health-care systems.
The UK government’s most senior security official, Charles Farr, detailed how searches on Google, Facebook, Twitter and YouTube, as well as emails to or from non-British citizens abroad, can be monitored by the security services because they are deemed to be “external communications”. It is the first time that the government has admitted that UK citizens, talking via supposedly private channels in social media such as Twitter direct messages, are deemed by the British government to be legitimate legal targets that do not require a warrant before intercepting.
With its virtual monopoly on search, Google has the power to flip the outcomes of close elections easily – and without anyone knowing. Over time, they could change the face of parliaments and congresses worldwide to suit their business needs – keeping regulators at bay, getting favorable tax deals and so on. And because their business is unregulated in most countries at this point, flipping elections in this way would be legal.
It seems only fair and reasonable, therefore, that all fossil-fuel entities, but especially the carbon majors, pay a levy on each ton of coal, barrel of oil, or cubic meter of gas they produce to a new International Mechanism for Loss and Damage, which would help to fund efforts to address the worst effects of climate change.
Homeowners can refinance a mortgage at under 4 percent. Car loans are available for under 3 percent. Yet college graduates are paying interest of 7 percent or higher on undergraduate loans, and are unable to refinance. Elizabeth Warren’s goal is passage of a bill that will allow students to refinance their loans at lower rates.
Europe’s financial and macroeconomic woes have overshadowed its remarkable, unheralded longer-term success in an area in which it used to lag: job creation. The truth is that European-style welfare states have proved more resilient, more successful at job creation, than is allowed for in America’s prevailing economic philosophy.
In the quarter-century since the Cold War ended and the Soviet Union collapsed, relations among the “great powers” have never been worse. Their ability to work together on regional or global issues has deteriorated substantially in the last decade. Now Putin seems to want to double down on these trends and create a new Sino-Soviet axis. China, for all of its current problems, will be not interested. The compass for China’s journey still points clearly to international integration.
Offensive “Terminator-style” autonomous robots that are programmed to kill could soon escape Hollywood science fiction and become reality. This actual rise of the machines raises important strategic, moral, and legal questions about whether the international community should empower robots to kill.
The World Health Organization has surveyed the growth of antibiotic-resistant germs around the world and come up with disturbing findings. The organization reports on its finding that antimicrobial resistance in bacteria, fungi, viruses and parasites is an increasingly serious threat in every part of the world.
The underground economy is a shadowy zone where businesses, both legitimate and less so, transact in the currency of opportunity, away from traditional institutions and their watchful eyes. A recent University of Wisconsin report estimates the value of the underground economy in the United States at about $2 trillion, about 15% of the total U.S. GDP.
The U.S. Department of Agriculture proposed to increase the speed of kill lines for poultry in slaughterhouses. But with testing from Consumer Reports last year revealing that 97 percent of raw chicken breasts purchased at retailers are contaminated with harmful bacteria, and with poultry workers already suffering from numerous job-related injuries, advocacy groups are vigorously opposed to the idea.
Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley. The case was based largely on emails in which Silicon Valley rivals hatched plans to avoid poaching each other’s prized engineers.
Humans can survive weeks without food, but only days or hours without water. Water is life. So what happens when private companies control the spigot? Evidence from water privatization projects around the world paints a pretty clear picture: Skyrocketing water prices, unsafe supply, failing infrastructure. These problems fall disproportionately on the most vulnerable among us. This is why public institutions, not private corporations, must lead the development of water systems and delivery.
The paper “Fueling a New Order? The New Geopolitical and Security Consequences of Energy” examines impacts of the major transformation in international energy markets that has begun. The United States is poised to overtake Saudi Arabia and Russia as the world’s largest oil producer and is on track to become the dominant player in global energy markets. China is in place to surpass the United States in its scale of oil imports, and has already edged out the U.S. in carbon emissions.
When researchers at the McKinsey Global Institute recently dug into the details of Mexico’s lagging economic performance, they made a remarkable discovery: an unexpectedly large gap in productivity growth between large and small firms. In view of the huge gulf separating the “two Mexicos” it is no wonder that the economy performed so poorly overall. This is in fact an increasingly common occurrence around the developing world, a bewildering fissure is opening up between economies’ leading and lagging sectors.
The greatest dangers for the United States do not lurk in terrorist cells in the mountains surrounding Kandahar that are planning on assaults on American targets. Rather, our vulnerabilities are homegrown. The United States currently lacks safety protocols and effective inspection regimes for the dangerous materials it has amassed over the last 60 years. Tragically we are cutting back on infrastructure investment at a time we should be increasing it dramatically.
Since the financial crisis, central banks have slashed interest rates, purchased vast quantities of sovereign bonds and bailed out banks. Now, though, their influence appears to be on the wane with measures producing paltry results. Do they still have control? Governments must exert tighter control over banks and financial institutions, but monetary policy experts also have a role to play. They shouldn’t just focus on the economy, but also pay attention to the financial cycle.
Slavery, in its various forms of physical and mental torment, has been a part of U.S. history from the beginnings of our country to the present day. There are numerous modern-day corporations who profited immensely from slave labor. The 13th Amendment bans slavery “except as punishment for crime.” The 14th Amendment bans debt servitude. But each inmate in a modern-day private prison, according to Chris Hedges, “can generate corporate revenues of $30,000 to $40,000 a year.”
Hundreds of millions of pounds may have been wasted on a drug for flu that works no better than paracetamol, a landmark analysis has said. The Cochrane Collaboration claimed the drug did not prevent the spread of flu or reduce dangerous complications, and only slightly helped symptoms. The report is the result of a colossal fight for the previously hidden data into the effectiveness and side-effects of Tamiflu.
Food manufacturers are routinely exploiting a “legal loophole” that allows them to use new chemicals in their products, based on their own safety studies, without ever notifying the Food and Drug Administration, according to a new report by an environmental and consumer advocacy group.
Wind was responsible for 4.8 percent of America’s electricity used in January. That’s the highest January total ever, breaking the record from last January. In many areas of the country wind has reached an important tipping point: becoming cheaper than coal and natural gas.
When Adam Smith was 22, he proclaimed “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.” Nothing could be further from the truth.
In the golden, post-war years of Western economic growth, the comfortable living standard of the working class and the economy’s overall stability made the best case for the value of capitalism and the fraudulence of Marx’s critical view of it. But in more recent years many of the forces that Marx said would lead to capitalism’s demise have become real, and troubling, once again.
By 2020 there could be over 30 billion devices connected to the Internet. Once dumb, they will have smartened up thanks to sensors and other technologies embedded in them and, thanks to your machines, your life will quite literally have gone online. Techno-evangelists have a nice catchphrase for this future utopia of machines and the never-ending stream of information, known as Big Data, it produces: the Internet of Things. With the rise of the networked device, what people do in their homes, in their cars, in stores, and within their communities will be monitored and analyzed in ever more intrusive ways by corporations. Yes, imagine it. Welcome to a world where everything you do is collected, stored, analyzed, and, more often than not, packaged and sold to strangers — including government agencies.
Climate change and its regulation pose significant risks and opportunities to investors and corporations. The key regulator that leads federal efforts to provide investors with information about corporate risks and opportunities is the SEC. This report examines the state of such corporate reporting and associated SEC comment letters.
The Snowden leaks have painted a U.S.-centric Internet infrastructure, and now people are looking for alternatives. Digital espionage is hastening the trend to secure networks, to isolate them, or even to disconnect. If the Internet and its components cannot be trusted, how will that affect business?
When customers speak, businesses listen. It’s an old adage in business that Oxfam and its supporters tested to see if this would be true on issues of sustainability and human rights. First we asked the 3 biggest chocolate companies, Mars, Mondelez and Nestle to address the inequality and injustices that women cocoa farmers and workers faced in their cocoa supply chains.
Yale Project on Climate Change Communication presents their report on Americans’ Actions to Limit Global Warming. The report provides insight into public interest as regards governmental process and political action, and business activities and consumer action. It also sheds light on efforts to achieve greater domestic energy efficiency.
The brilliance of “The Lego Movie” lies in providing every piece to the modern branding puzzle, including the surface-level subversion. In this way, “The Lego Movie” graduates to a new skill level in the game of branding, an approach that’s at once more grandiose and more pernicious than ever. It should probably be a red flag that the most memorable line from “The Lego Movie” is pretty much the central message of any great marketing campaign: This product will deliver you from averageness. But somehow it still works. In the movie’s final moments, big tears stream down my face. I am weeping over a 90-minute infomercial. With enough cleverness and induced vertigo, the mad geniuses of branding never have to be the bad guys again. All they have to say is: You are special.
U.S. manufacturing—and the jobs that go with it—have been steadily increasing since 2010. Whether the resurgence of U.S. manufacturing jobs continues depends on a range of factors—including environmental initiatives. While the future of U.S. manufacturing jobs is uncertain, energy-efficiency and clean-energy investment can help ensure that this sector continues to thrive.