Is Life Becoming Programmable?
An emerging field called synthetic biology where DNA codes and materials are spun into fibers the way traditional fibers are made; this is a new era of material manufacturing.
Scientist reengineer the genetics of living organisms to make products such as food sweeteners, to leather-to wood composites. Synthetic biology companies nabbed $1bn from investors, double the amount from 2014, says SynBioBeta, (Fortune/Feb.2017)
Finance & Fashion
âDepartment stores used to dominate the apparel market. They are failing and closing hundreds of stores after years of declining customer traffic and sales. Walmart and Amazon are dominating the market.
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Liberalism is an economic concept that a government should not try to control prices, rents, and/or wages, but let open competition and forces of demand and supply create an equalibrium between them that benefits the vast majority of citizens. It differs from the doctrine of Laissez Faire in its acceptance of the government intervention to control creation and spread monopolies and in distribution of public good. It favors redistribution of income through taxes and welfare payments,(business dictionary.com)
Starbucks plans to open its first shop in Italy, its most intimidating market. The Chain stated it would open in Milan in 2017, in partnership with Italian developer Percassi. Italy proves a challenge to Starbucks as coffee is a deep part of the culture.
The Starbucks store in Italy will be owned and run by Percassi, the licensee. Starbucks has presence in Europe, but has not been successful there...(Marietta Daily Journal/March 1, 2016).
Equilibrium= the state of stable conditions, which all significant factors remain more or less constant over a period and there is little or no inherent tendency for change.
Ex: a market is said to be in equilibrium if the amount of goods that buyers wish to buy at a current price is matched by the amount the sellers want to sell at that price, aka, steady state.
Poverty Line= standard family income threshold (set by each state and revised occasionally) below which the family is officially classified as poor and entitled to welfare assistance.
Ex: social service organizations such as Head Start Program give preference to low-income clients whose income falls at/below the poverty line.
The merger of companies at the same stage of production in the same/different industries. When the products of both companies are similar, it is a merger of competitors. When all producers of a good/service in a market merge, it is the creation of a monopoly. If only a few competitors remain, it is known as oligopoly, aka, lateral integration/vertical integration (businessdictionary.com)
an economic system in which goods and services are provided through a central system of cooperative and/or governmental ownership rather than through competition and a free market system.
Note: advocates of socialism fall into two camps, one, those who advocate government ownership or naturalization, two, those who advocate for decentralized, communal society http://Businessdictionary.com
The Asian Development Bank offers $300m to cut coal use around the capital. They approved the loan to help clean up Beijeng's polluted air as it pledged to support China's efforts to cut coal use in and around the capital.
The readings rose to hazardous levels, forcing closure of factories and schools. The Hebei Province contributes much of the pollution in Beijeng and Tianjin; they account for 10% of China's economic output. Seven of China's 10 most polluted cities are in Hebei. The fundamental issue is Hebei's coal-based economy and industrial structure.
As China faces complex issues like air pollution, it is open to policy dialogue and inputs. Provincial boundary lines are one of the hurdles to cleaning up China's air, competing bureaucratic fiefs have concern for local jobs and economic growth that get in the way of regionwide response on smog-filled North China Plain.
Rules to come into effect next year will force emissions disclosure by thousands of factories, mills, and power plants. Current rules only require public disclosure by 3,000 of China's biggest polluters...(The Financial Times/China Accepts Loan to Battle Pollution, Tom Mitchell, Christian Shepherd, Lucy Horby-Beijeng/December 11, 2015).
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