Health of economy is also dependent on the quality of employment being creating in a Country. This presentation looks at job quality in both Canada and USA
This document summarizes job quality in Canada versus the United States. It provides background on the author and an agenda that discusses job quality comparisons between the two countries. It then examines how the 2000s were a lost decade for US manufacturing, with over 5 million manufacturing jobs lost due to declines in output and global competitiveness. Finally, it discusses the author's views that job quality in Canada has declined and US policies under Trump have supported job growth, while Canadian policies have hurt competitiveness.
The document compares job quality in Canada and the United States. It discusses how the 2000s were a lost decade for US manufacturing as 13 sectors experienced declines in output and employment. However, since 2017 over 480,000 manufacturing jobs have been added under Trump's policies. The document also notes that Canada is expected to experience a surge in insolvencies in the second half of 2020 due to the economic impacts of COVID-19. It provides sources analyzing factors affecting job quality, middle class prosperity, and competitiveness in both countries.
This presentation looks at United States March 2017 production. The presentation highlight key areas as well as government policy that may influence production over the longer term.
The Future of U.S. Manufacturing: A Change ManifestoCognizant
The document discusses factors that could lead to a resurgence of US manufacturing, including rising costs in China, the potential benefits of co-locating production and R&D, and the strengths of US manufacturing like productivity, innovation, and skilled workforce. It argues US manufacturing is well-positioned for growth if companies invest in new technologies and policymakers address issues like taxes and regulations.
Maricopa Economic Outlook and Labor Study PreviewCity of Maricopa
The document provides an economic briefing for the City of Maricopa discussing the state of the economy and recovery. It notes that while some indicators like GDP are improving, the overall recovery will be weak with continued job losses and struggling consumers. Arizona has fallen from 2nd to 50th in job growth recently due to financial issues. The recovery in Arizona and Maricopa will be slow and dependent on national economic improvements, but positives include affordable home prices and a skilled local workforce.
U.S. Vs. China Manufacturing: How AI Will Shape The Landscape; Predictions, Prophets, and Restarting Your Manufacturing Business Amid COVID-19; US Manufacturing Index Revs Up in June: Here’s What It Means; Germany: Supply chains after COVID-19.
Read more from here.
#usmanufacturing #chinamanufacturing #ukmanufacturing #manufacturing #germanmanufacturing #manufacturingsoftware #manufacturingnews #mrpeasy #mrpsoftware #mrpsystem #erpsystem
Key Market and Economic Indicators for Canada and United States - September 2016paul young cpa, cga
This presentation will look at both industry metrics as well as economic trends related to Canada and United States.
The presentation will provide information on the economy as part of companies looking for growth options within their business segments.
JLL Detroit Industrial Insight - Q1 2016Aaron Moore
Michigan's industrial market is undergoing disruption as the automobile industry shifts towards driverless cars and more software-focused models, bringing new types of jobs. Demand for industrial space remains high in Detroit and surrounding areas, with low vacancy rates and rising rents. However, the potential weakening of manufacturing and declining exports could negatively impact the industrial market going forward if changes to the auto industry reduce demand.
This document summarizes job quality in Canada versus the United States. It provides background on the author and an agenda that discusses job quality comparisons between the two countries. It then examines how the 2000s were a lost decade for US manufacturing, with over 5 million manufacturing jobs lost due to declines in output and global competitiveness. Finally, it discusses the author's views that job quality in Canada has declined and US policies under Trump have supported job growth, while Canadian policies have hurt competitiveness.
The document compares job quality in Canada and the United States. It discusses how the 2000s were a lost decade for US manufacturing as 13 sectors experienced declines in output and employment. However, since 2017 over 480,000 manufacturing jobs have been added under Trump's policies. The document also notes that Canada is expected to experience a surge in insolvencies in the second half of 2020 due to the economic impacts of COVID-19. It provides sources analyzing factors affecting job quality, middle class prosperity, and competitiveness in both countries.
This presentation looks at United States March 2017 production. The presentation highlight key areas as well as government policy that may influence production over the longer term.
The Future of U.S. Manufacturing: A Change ManifestoCognizant
The document discusses factors that could lead to a resurgence of US manufacturing, including rising costs in China, the potential benefits of co-locating production and R&D, and the strengths of US manufacturing like productivity, innovation, and skilled workforce. It argues US manufacturing is well-positioned for growth if companies invest in new technologies and policymakers address issues like taxes and regulations.
Maricopa Economic Outlook and Labor Study PreviewCity of Maricopa
The document provides an economic briefing for the City of Maricopa discussing the state of the economy and recovery. It notes that while some indicators like GDP are improving, the overall recovery will be weak with continued job losses and struggling consumers. Arizona has fallen from 2nd to 50th in job growth recently due to financial issues. The recovery in Arizona and Maricopa will be slow and dependent on national economic improvements, but positives include affordable home prices and a skilled local workforce.
U.S. Vs. China Manufacturing: How AI Will Shape The Landscape; Predictions, Prophets, and Restarting Your Manufacturing Business Amid COVID-19; US Manufacturing Index Revs Up in June: Here’s What It Means; Germany: Supply chains after COVID-19.
Read more from here.
#usmanufacturing #chinamanufacturing #ukmanufacturing #manufacturing #germanmanufacturing #manufacturingsoftware #manufacturingnews #mrpeasy #mrpsoftware #mrpsystem #erpsystem
Key Market and Economic Indicators for Canada and United States - September 2016paul young cpa, cga
This presentation will look at both industry metrics as well as economic trends related to Canada and United States.
The presentation will provide information on the economy as part of companies looking for growth options within their business segments.
JLL Detroit Industrial Insight - Q1 2016Aaron Moore
Michigan's industrial market is undergoing disruption as the automobile industry shifts towards driverless cars and more software-focused models, bringing new types of jobs. Demand for industrial space remains high in Detroit and surrounding areas, with low vacancy rates and rising rents. However, the potential weakening of manufacturing and declining exports could negatively impact the industrial market going forward if changes to the auto industry reduce demand.
The local labor force remained flat in July as the influx of college graduates leveled off. That, coupled with a growth in employment caused the unemployment rate to decline 20 basis points to 6.1 percent.
While many companies have feared moving manufacturing out of China as it becomes more developed, there are still key reasons it remains a viable option. Costs have stabilized or decreased in China, and quality and professional standards have improved with a more educated workforce and anti-corruption reforms. China also has large infrastructure and an growing domestic middle class market. Despite issues, China will likely remain a top global manufacturing hub.
The document discusses how manufacturing costs in China and the US are converging:
- Rising wages in China of 15-20% per year will significantly reduce China's labor cost advantage over the US from 55% today to 39% by 2015.
- When total costs like transportation, duties, and real estate are considered, the cost difference between manufacturing in China versus some US states will be minimal within 5 years for many goods destined for North America.
- This convergence, along with rising demand in China and elsewhere in Asia, will lead some companies to bring production for North America back to the US, where manufacturing will be competitive for many goods within 5 years.
DWS15 - Future Digital Economy Forum - Which role for ICTs - Yves Gassot - IDATEIDATE DigiWorld
1. Labor productivity growth has occurred in waves tied to industrial revolutions. The third wave was driven by information and communication technologies (ICTs) starting in the late 20th century.
2. The productivity slowdown since the early 2000s in advanced countries may be partly explained by a sharp slowdown in ICT capital deepening due to slower price declines and diffusion of ICTs.
3. Differences in ICT adoption between the US and Europe can be attributed to factors like education, labor market flexibility, and competition policies.
The document discusses the best places for jobs in the United States. It states that smaller towns and cities like Jacksonville, NC, Lincoln, NE and Honolulu, HI have experienced higher employment growth and lower unemployment than large cities since the 2008 financial crisis. The West and Southeast regions are seen as strongest for future job growth due to bearing minimal impact from the crisis but benefiting from government stimulus. Jobs have also been created in government, education, health, and cities related to the war economy like Fayetteville, NC and Fort Hood, TX. Characteristics like a skilled workforce, business-friendly environment, tech companies, and university collaboration with businesses indicate a city's long-term potential for job expansion.
This presentation will discuss key areas that will drive economic growth in Canada.
The presentation will highlight many areas as way to look at what is required to grow the economy in Canada.
The document summarizes United States employment data for November 2020. It provides employment figures by month, demographic breakdowns by sex and race, and revisions to net new job additions for previous months. Additionally, it references an analysis from BMO Capital Markets of overall US employment trends.
The document discusses the return of manufacturing jobs to the United States from lower-cost countries. It notes that while New York has lost many manufacturing jobs, production has increased due to efficiency. New York manufacturing remains competitive in high-tech and specialized industries due to skilled labor. Recent trends suggest manufacturing conditions in New York are improving and the state remains well-positioned to benefit from innovation and entrepreneurship in the industry.
US Technology Outlook | Minneapolis | JLL | 2016Carolyn Bates
The Minneapolis-St. Paul metro has a unique mix of technological innovation across very diverse industries, including life sciences, retail, and food. Meanwhile, national VC firms have been branching outside of medical devices (MSP’s traditionally strongest tech cluster) when seeking investment opportunities, including local solar panel manufacturers and “Internet of Things” apps. As awareness of MSP’s highly-productive tech economy grows, new occupiers (particularly from more costly real estate markets) will continue to enter the market either via acquisitions or strategic expansion into the Midwest.
Can the United States still compete in manufacturing? And can workers still make it in America? This presentation, drawing on research by the McKinsey Global Institute, explores these questions.
According to a recent report from Policy Matters Ohio, Cincinnati's median home sales price was the highest among the ten largest cities in the state and had risen 20.5 percent between 2007 and 2013.
U.S. manufacturing rebounds; UK manufacturing sector stabilizes as political uncertainty fades; Three Trends Driving Electronics Manufacturing Out of China In 2020; The Manufacturer MX Awards 2019: All the winners and reactions.
#usmanufacturing #ukmanufacturing #brexit #USChinaTradeWar #electronicsmanufacturing #manufacturer #manufacturing #mrpeasy #mrp #erp #erpsystem #mrpsoftware
The quarterly report summarizes employment data for Boyle County, Kentucky for Q3 2010. Industrial employment increased by 121 jobs from the previous quarter to a total of 3,329 jobs. Non-industrial employment decreased by 45 jobs to 4,137 jobs. The overall employment increased by 76 jobs from the previous quarter to a total of 7,466 jobs due to growth in the industrial sector offsetting losses in non-industrial jobs. The unemployment rate decreased slightly from the previous quarter to 11.8%.
This document discusses the changing economic and regulatory landscape since the 1970s and argues for regulatory reform. It notes that since the 1970s, the US economy has shifted from large smokestack industries to a knowledge-based economy with more highly educated workers and global competition. It advocates for more performance-based and outcome-oriented regulation that encourages private sector solutions and sets regulatory priorities to be the least restrictive. The document concludes by outlining panels at an event focused on procedural changes, non-traditional regulatory solutions, and a discussion with journalists.
Winning in the New Innovation-Based Global Economy:Is Boosting the Supply Si...guest8f82af
This document summarizes key points from a presentation on boosting innovation to drive economic growth. It discusses how new technology transformations have powered economic growth cycles. While some argue the supply side is enough, the document advocates boosting both supply of innovation factors and demand from companies. A comprehensive strategy is needed to incentivize investment in US innovation, fight foreign protectionism, and not ignore demand-side factors like research funding and skills.
This document summarizes United States employment data from various sources for August 2020. It provides an overview of the national unemployment rate, non-farm job growth, state and city level employment rates, trends under the Obama/Biden and Trump administrations. It also discusses factors that may impact future employment, including a potential shift towards goods-producing industries, infrastructure investment, and balancing economic and environmental policies. Contact information is provided for Paul Young CPA CGA to discuss these topics further.
This document summarizes employment data from Canada for April 2019. It finds that employment increased in several sectors such as wholesale and retail trade, construction, and information and culture. Employment decreased in professional, scientific, and technical services. It also analyzes employment trends and participation rates in Ontario and Alberta. Key issues discussed include the brain drain of tech talent from Canada, the gap between public and private sector compensation, and solutions for improving economic growth and competitiveness.
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
This document provides an overview and analysis of issues facing the Canadian economy as it heads for slower economic growth. It summarizes GDP forecasts showing slowing global growth. For Canada specifically, it notes the IMF forecasting lower growth than previous estimates and discusses factors impacting Canadian GDP such as commodity prices, consumer demand, and government policies. Key sectors of the Canadian economy like goods production and exports are examined. Potential policy solutions discussed include investing in infrastructure, education and retraining to support new industries, and trade agreements to boost exports.
U.S. Jobs Creation Plan by Richard D. Smith, SMITH-TRGricharddsmith
The document outlines Richard D. Smith's plan to create 2 million new US jobs within 12 months. It begins by describing the current dire employment situation, with over 26 million Americans unemployed or underemployed. Several attempts by the federal and state governments to stimulate job creation, such as the "Cash for Clunkers" program and tax incentives, are described as ineffective. The plan calls for bold leadership, vision, and strategies to start new businesses and help existing companies grow in order to create new jobs across multiple industries and demographic groups. Specific opportunities mentioned include digital media cities, manufacturing, and clean energy.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
The local labor force remained flat in July as the influx of college graduates leveled off. That, coupled with a growth in employment caused the unemployment rate to decline 20 basis points to 6.1 percent.
While many companies have feared moving manufacturing out of China as it becomes more developed, there are still key reasons it remains a viable option. Costs have stabilized or decreased in China, and quality and professional standards have improved with a more educated workforce and anti-corruption reforms. China also has large infrastructure and an growing domestic middle class market. Despite issues, China will likely remain a top global manufacturing hub.
The document discusses how manufacturing costs in China and the US are converging:
- Rising wages in China of 15-20% per year will significantly reduce China's labor cost advantage over the US from 55% today to 39% by 2015.
- When total costs like transportation, duties, and real estate are considered, the cost difference between manufacturing in China versus some US states will be minimal within 5 years for many goods destined for North America.
- This convergence, along with rising demand in China and elsewhere in Asia, will lead some companies to bring production for North America back to the US, where manufacturing will be competitive for many goods within 5 years.
DWS15 - Future Digital Economy Forum - Which role for ICTs - Yves Gassot - IDATEIDATE DigiWorld
1. Labor productivity growth has occurred in waves tied to industrial revolutions. The third wave was driven by information and communication technologies (ICTs) starting in the late 20th century.
2. The productivity slowdown since the early 2000s in advanced countries may be partly explained by a sharp slowdown in ICT capital deepening due to slower price declines and diffusion of ICTs.
3. Differences in ICT adoption between the US and Europe can be attributed to factors like education, labor market flexibility, and competition policies.
The document discusses the best places for jobs in the United States. It states that smaller towns and cities like Jacksonville, NC, Lincoln, NE and Honolulu, HI have experienced higher employment growth and lower unemployment than large cities since the 2008 financial crisis. The West and Southeast regions are seen as strongest for future job growth due to bearing minimal impact from the crisis but benefiting from government stimulus. Jobs have also been created in government, education, health, and cities related to the war economy like Fayetteville, NC and Fort Hood, TX. Characteristics like a skilled workforce, business-friendly environment, tech companies, and university collaboration with businesses indicate a city's long-term potential for job expansion.
This presentation will discuss key areas that will drive economic growth in Canada.
The presentation will highlight many areas as way to look at what is required to grow the economy in Canada.
The document summarizes United States employment data for November 2020. It provides employment figures by month, demographic breakdowns by sex and race, and revisions to net new job additions for previous months. Additionally, it references an analysis from BMO Capital Markets of overall US employment trends.
The document discusses the return of manufacturing jobs to the United States from lower-cost countries. It notes that while New York has lost many manufacturing jobs, production has increased due to efficiency. New York manufacturing remains competitive in high-tech and specialized industries due to skilled labor. Recent trends suggest manufacturing conditions in New York are improving and the state remains well-positioned to benefit from innovation and entrepreneurship in the industry.
US Technology Outlook | Minneapolis | JLL | 2016Carolyn Bates
The Minneapolis-St. Paul metro has a unique mix of technological innovation across very diverse industries, including life sciences, retail, and food. Meanwhile, national VC firms have been branching outside of medical devices (MSP’s traditionally strongest tech cluster) when seeking investment opportunities, including local solar panel manufacturers and “Internet of Things” apps. As awareness of MSP’s highly-productive tech economy grows, new occupiers (particularly from more costly real estate markets) will continue to enter the market either via acquisitions or strategic expansion into the Midwest.
Can the United States still compete in manufacturing? And can workers still make it in America? This presentation, drawing on research by the McKinsey Global Institute, explores these questions.
According to a recent report from Policy Matters Ohio, Cincinnati's median home sales price was the highest among the ten largest cities in the state and had risen 20.5 percent between 2007 and 2013.
U.S. manufacturing rebounds; UK manufacturing sector stabilizes as political uncertainty fades; Three Trends Driving Electronics Manufacturing Out of China In 2020; The Manufacturer MX Awards 2019: All the winners and reactions.
#usmanufacturing #ukmanufacturing #brexit #USChinaTradeWar #electronicsmanufacturing #manufacturer #manufacturing #mrpeasy #mrp #erp #erpsystem #mrpsoftware
The quarterly report summarizes employment data for Boyle County, Kentucky for Q3 2010. Industrial employment increased by 121 jobs from the previous quarter to a total of 3,329 jobs. Non-industrial employment decreased by 45 jobs to 4,137 jobs. The overall employment increased by 76 jobs from the previous quarter to a total of 7,466 jobs due to growth in the industrial sector offsetting losses in non-industrial jobs. The unemployment rate decreased slightly from the previous quarter to 11.8%.
This document discusses the changing economic and regulatory landscape since the 1970s and argues for regulatory reform. It notes that since the 1970s, the US economy has shifted from large smokestack industries to a knowledge-based economy with more highly educated workers and global competition. It advocates for more performance-based and outcome-oriented regulation that encourages private sector solutions and sets regulatory priorities to be the least restrictive. The document concludes by outlining panels at an event focused on procedural changes, non-traditional regulatory solutions, and a discussion with journalists.
Winning in the New Innovation-Based Global Economy:Is Boosting the Supply Si...guest8f82af
This document summarizes key points from a presentation on boosting innovation to drive economic growth. It discusses how new technology transformations have powered economic growth cycles. While some argue the supply side is enough, the document advocates boosting both supply of innovation factors and demand from companies. A comprehensive strategy is needed to incentivize investment in US innovation, fight foreign protectionism, and not ignore demand-side factors like research funding and skills.
This document summarizes United States employment data from various sources for August 2020. It provides an overview of the national unemployment rate, non-farm job growth, state and city level employment rates, trends under the Obama/Biden and Trump administrations. It also discusses factors that may impact future employment, including a potential shift towards goods-producing industries, infrastructure investment, and balancing economic and environmental policies. Contact information is provided for Paul Young CPA CGA to discuss these topics further.
This document summarizes employment data from Canada for April 2019. It finds that employment increased in several sectors such as wholesale and retail trade, construction, and information and culture. Employment decreased in professional, scientific, and technical services. It also analyzes employment trends and participation rates in Ontario and Alberta. Key issues discussed include the brain drain of tech talent from Canada, the gap between public and private sector compensation, and solutions for improving economic growth and competitiveness.
This presentation will discuss issues facing the Canadian economy as it heads for slower economic growth.
World economies are facing difficulties due to many factors like Brexit or China/USA trade wars or Excessive Government Regulations or lack of investment infrastructure
Geopolitical events in Middle East, South Asia Sea, Government changes in UK, Australia, etc.
This document provides an overview and analysis of issues facing the Canadian economy as it heads for slower economic growth. It summarizes GDP forecasts showing slowing global growth. For Canada specifically, it notes the IMF forecasting lower growth than previous estimates and discusses factors impacting Canadian GDP such as commodity prices, consumer demand, and government policies. Key sectors of the Canadian economy like goods production and exports are examined. Potential policy solutions discussed include investing in infrastructure, education and retraining to support new industries, and trade agreements to boost exports.
U.S. Jobs Creation Plan by Richard D. Smith, SMITH-TRGricharddsmith
The document outlines Richard D. Smith's plan to create 2 million new US jobs within 12 months. It begins by describing the current dire employment situation, with over 26 million Americans unemployed or underemployed. Several attempts by the federal and state governments to stimulate job creation, such as the "Cash for Clunkers" program and tax incentives, are described as ineffective. The plan calls for bold leadership, vision, and strategies to start new businesses and help existing companies grow in order to create new jobs across multiple industries and demographic groups. Specific opportunities mentioned include digital media cities, manufacturing, and clean energy.
Real truth - Canada and United States - GDP - January 2018paul young cpa, cga
GDP is key measurement for a country. Allot is said about GDP, especially by various government. The reality is government gets to much credit for booming economy and too much fault for recession.
There are many factors drive GDP including taxation, business returns, consumer spending and government spending. 2/3 of economies tend to be driven by consumer spending. If you set policies that takes more money out people’s pocket book then that will lead to less consumer spending.
Canada no longer has the fastest growing economy in the G-7 - http://www.gbm.scotiabank.com/English/bns_econ/forecast.pdf
Real GDP rose 3.0% in 2017, following 1.4% growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.
Final domestic demand advanced 3.0% with steady growth throughout the year.
Household final consumption expenditure rose 3.5%, with increased outlays on goods (+3.9%) and services (+3.2%). Increased expenditures on insurance and financial services (+5.0%) and purchases of vehicles (+6.3%) were strong contributors to growth.
Business gross fixed capital formation rose 2.6%, following a 4.5% decline in 2016. Investment in machinery and equipment (+6.0%) and residential structures (+3.1%) both increased sharply. Investment in non-residential structures rose 0.3%, following two annual declines.
Also contributing to growth was business investment in inventories, up by $13.9 billion, of which $13.6 billion was in non-farm inventories. Manufacturers, wholesalers, and retailers all added to their stocks in each quarter.
Exports grew 1.0% for the second consecutive year, with gains in both goods (+0.6%) and services (+2.8%). Imports increased 3.6% after falling 1.0% in 2016.
Compensation of employees rose 3.9% (nominal terms), contributing to a 4.8% gain in household disposable income.
This was slightly faster than the growth in household final consumption expenditure (+4.6%), and the household saving rate consequently edged up to 3.6%.
The gross operating surplus of corporations increased 9.5% as earnings of both non-financial and financial corporations rose sharply.
Expressed at an annualized rate, real GDP rose 1.7% in the fourth quarter. In comparison, real GDP in the United States grew 2.5%.
The document is a summary and analysis of Canada's GDP and job market by Paul Young, CPA. It discusses various factors that influence GDP, including government spending, consumer spending, taxation and business returns. While governments often take credit for strong economies, 2/3 of GDP is typically driven by consumer spending. Higher taxes can reduce consumers' disposable income and lead to less spending. The document analyzes GDP and employment data from various periods under Liberal and Conservative governments in Canada. It argues the Liberals' policies of tax increases and canceled pipelines have negatively impacted GDP growth and job opportunities compared to under the previous Conservative government.
Key Macro and Micro Indicators - Canada - April 2020 and May 2020paul young cpa, cga
This document provides an overview of key economic indicators in Canada for April and May 2020 by Paul Young CPA CGA. It includes Paul's biography and contact information. The document then lists various topics that will be covered, including housing affordability, cost of living, employment, blogs on natural resources, steel, automotive, agriculture/farming, housing, retail, and inflation. Brief highlights are provided for some of these topics based on data from sources like RBC, StatsCanada, and industry reports. The document concludes with information on training and development resources available from Paul on Udemy.
Employment and Labor Market - United States - September 2022.pptxpaul young cpa, cga
Summary:
The U.S. labour market tightened in September due to both solid job growth and less participation in the workforce. While wage growth doesn't appear to be accelerating, the Fed won't be pleased with this report, which will only cement expectations of a 75 bp rate hike next month.
Nonfarm payrolls rose 263,000 in September, a little better than expected. While this was down from the prior month's pace (315,000) and the 2022 average (420,000), it's well above long-run norms. A similarly strong 204,000 increase in employment in the household survey, coupled with a dip in the participation rate, pulled the unemployment rate down two tenths, back to the half-century low of 3.5% reached in July and matched just before the pandemic. Payrolls gains were spread wide and far across industries, with even the recently struggling manufacturing sector pumping out a decent 22,000 new jobs. Restaurants and bars served up 60,000 new positions, while the health care industry received a similar-sized booster shot to its payrolls.
Source: https://economics.bmo.com/en/publications/detail/978db6e6-5223-4579-85c2-2b944dfdf729/
This document provides an analysis of Canadian employment data from May 2019. It summarizes employment statistics by sector and analyzes trends in Ontario and Alberta. It also outlines three blog post topics on employment, brain drain, and comparing public and private sector compensation in Canada. The document is presented by Paul Young and contains employment data and analysis to inform issues for the 2019 Canadian election.
The report showed non-farm payroll employment spiked by 678,000 jobs in February after surging by an upwardly revised 481,000 jobs in January.
Economists had expected employment to jump by 400,000 jobs compared to the addition of 467,000 jobs originally reported for the previous month
*** About 1/3 of jobs come from the hospitality and leisure sector.
Source - https://www.nasdaq.com/articles/u.s.-employment-shows-another-much-bigger-than-expected-jump-in-february
This presentation will discuss careers in demand for 2018.
Manpower predicts strong hiring through 2018 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
2019 Election| Employment and Job Quality| Canada| August 2019paul young cpa, cga
Canada has low unemployment rate, but the low unemployment rate does not tell the complete picture of the labor market.
There are issues with job quality. There needs to be change in government policies that better support goods producing, IT and advance skill level jobs.
Government needs to become more efficient -
This presentation will discuss careers in demand for 2018.
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment
This document summarizes Canadian employment data from October 2019. It discusses employment trends by sector, full-time vs part-time jobs, participation rates, job quality, and provincial analyses of Ontario and Alberta. It also analyzes goods producing vs service sectors, potential brain drain issues, and differences between public and private sector compensation. The document is presented by Paul Young CPA CGA and contains an agenda, introductions, data and analyses on various 2019 Canadian election employment issues.
Summary:
856K job vacancies
50% of the job vacancies pay less than the average wage
More and more organizations continue to invest in business automation
1. Wages https://betterdwelling.com/canadian-job-vacancies-are-rising-but-wages-arent-budging/
2. Top careers - https://www.entrepreneur.com/article/414839
3. Business Students - https://goodmenproject.com/business-ethics-2/top-career-trends-for-business-students-in-2022-and-beyond/
4. Housing costs and Wages http://blog.oxfordeconomics.com/content/us-and-canada-housing-affordability-edged-down-in-q3
5. Household debt - https://www.mpamag.com/ca/news/general/cibcs-tal-on-how-fast-interest-rates-might-rise/326675
6. Income inequality - https://www.ictsd.org/how-to-reduce-income-inequality-in-canada/
7. Automation - https://www.forbes.com/sites/forbescoachescouncil/2022/02/24/10-ways-automation-might-affect-job-markets-in-the-near-future/?sh=2dffbc76302a and https://www.digitaljournal.com/pr/top-5-business-automation-trends-in-2022
8. Skill trades - https://www.northernontariobusiness.com/press-release/rescon-calling-on-federal-government-to-allow-more-skilled-trades-into-canada-5092355
9. Public sector - https://www2.deloitte.com/us/en/pages/public-sector/articles/future-of-public-service.html
10. Mining - https://www.mining.com/in-charts-copper-project-pantry-bare-from-2025/
11. Oil and Gas - https://www.cnbc.com/2022/02/24/biden-administration-pausing-new-oil-and-gas-leases-amid-legal-battle-.html
12. https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/manufacturing-industry-outlook.html
Blog – Job Quality and Job Vacancies – Canada – December 2021
Canada has nearly 1M job vacancies
Majority of the job vacancies are jobs that pay less than the average wage
The goods-producing sector continues to lag other sectors in terms of job growth
Government policies have not addressed the skill gap issues
1. Wages and affordability - https://ca.news.yahoo.com/whats-good-debt-income-ratio-202358726.html
2. Best employers - https://www.forbes.com/lists/canada-best-employers/?sh=50cff76c2790
3. In-demand jobs - https://canada.admissionhub.com/job-vacancies-in-canada-2022-trends-in-demand-skills/
4. Employment - https://financialpost.com/news/economy/canadas-u-s-beating-jobs-recovery-might-not-be-as-great-as-it-looks
5. Skills gaps - https://news.ontario.ca/en/release/1001478/ontario-launching-new-agency-to-better-serve-tradespeople
6. Immigration - https://www.cimmigrationnews.com/canada-needs-to-reform-immigration-system-to-help-skill-trades-says-ontario-organization/
7. Mining - https://www.timminspress.com/news/local-news/mining-association-calling-on-ottawa-to-provide-greater-support-to-industry
8. Manufacturing - https://www.forbes.com/sites/ankitmishra/2022/01/11/leading-experts-weigh-in-on-growing-canadas-economy-in-2022/?sh=1f458428284d
9. Red tape - https://calgarysun.com/opinion/columnists/red-tape-continues-to-hurt-investment-in-albertas-energy-sector
10. Small businesses - https://canadiansme.ca/small-businesses-worry-about-rising-costs-and-supply-chain-issues-amid-border-ban-on-unvaccinated-truck-drivers/
11. Venture capital - https://dailyhive.com/toronto/deloitte-canada-deloitte-ventures-capital-fund
12. Tech - https://www.thestar.com/business/mars/2022/01/27/tech-update-a-new-fund-aims-to-help-early-stage-entrepreneurs-making-sure-esg-pledges-are-more-than-platitudes-and-other-news.html and https://www.therecord.com/news/waterloo-region/2022/01/28/we-are-the-worlds-fastest-growing-innovation-hub.html
13. Expert farming - https://qz.com/2117339/why-walmart-is-investing-in-plenty-a-vertical-farming-company/
Wages and Job Vacancies (Job Quality) - Canada - November 2021paul young cpa, cga
Job vacancies in retail trade increased for the sixth consecutive month to reach a record high in October (132,800). The job vacancy rate also peaked at 6.3%, pushed up by increased vacancies and slow payroll employment recovery.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/211223/dq211223b-eng.htm
1. Wages and housing – https://capitalcurrent.ca/no-homes-no-choice-affordable-housing-activists-demand-government-action-now/
2. Careers - https://www.careerfitter.com/career-advice/12-best-careers-jobs-for-2021-2022
3. Automation - https://techjury.net/blog/jobs-lost-to-automation-statistics/#gref
4. Skills gaps - https://www.helpnetsecurity.com/2021/12/21/enhancing-cybersecurity-budgets/
5. Manufacturing - https://manufacturingglobal.com/technology/critical-manufacturing-industry-trends-expect-2022
6. Edge - https://statetechmagazine.com/article/2021/12/cloud-and-edge-computing-will-be-key-government-agencies-2022
7. 5G and Industry 4.0 - https://www.totaltele.com/512061/AIS-strikes-5G-partnerships-to-help-fuel-Industry-40
8. Supply chain - https://searcherp.techtarget.com/feature/Supply-chain-disruption-will-persist-in-2022-but-tech-may-help
9. Supply chain - https://www.supplychainbrain.com/blogs/1-think-tank/post/34224-the-three-stages-of-overcoming-supply-chain-disruption
10. Labor gap - https://www.baytoday.ca/jobs-of-the-future/new-college-program-looks-to-fill-a-much-needed-labour-gap-4886606
11. Personal finances - https://www.theglobeandmail.com/investing/personal-finance/article-six-numbers-that-will-rule-your-personal-finances-in-2022/
This document provides an overview and analysis of key issues facing the United States. It discusses topics such as taxation, the middle class, income inequality, job quality, foreign direct investment, GDP by sector, economic zones, the green economy, infrastructure, education, healthcare, housing, foreign policies, crime and punishment, and the environment. For each topic, it provides sources and links to additional information on recent trends and the approaches of Trump and Biden. The document aims to outline the major economic, social and policy challenges for the US going forward.
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
2. PaulYoung -
Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – SupplyChain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Job Quality (Canada vs United States)
2000 lost decade for USA Manufacturing
Blog – Job Quality
7. 2000s lost
decade for
manufacturi
ng (USA)
Source 0 https://www.industryweek.com/the-economy/article/22006840/why-the-2000s-were-a-
lost-decade-for-american-manufacturing or https://thehill.com/opinion/campaign/479579-
trumps-big-reelection-weapon-a-remarkable-manufacturing-jobs-boom
The real reason the U.S. lost 5.7 million manufacturing jobs in the last decade was due to the decline in manufacturing output,
which in turn was caused by U.S. manufacturing losing out in global competition.
During the 2000s, 13 of the 19 aggregate-level U.S. manufacturing sectors, which employed 55% of manufacturing workers in
2000, experienced absolute declines in real output.
For example, motor vehicle output decreased 45%, textiles 47%, and apparel 40%. In other words, manufacturing
establishments were producing less, and so of course they employed fewer workers.
Since January 2017, more than 480,000 manufacturing jobs have been added to the U.S. economy, following two decades of
sharp losses. In President Clinton’s final three years in office, more than 430,000 manufacturing jobs were lost — declines that
immediately carried over and expanded under the Bush administration, which experienced millions of manufacturing job losses,
even before the 2008 crash. Roughly 300,000 manufacturing jobs were lost during the eight years of the Obama administration,
including minor losses in Obama’s final year in office. In terms of the percentage of manufacturing job increases, the gains made
thus far under the Trump administration surpass the performance in the first term of every president since the 1970s.
Trump and Manufacturing
8. JobQuality
I have been saying for awhile it is not the quantity of jobs in Canada, but
the quality of jobs. https://www.slideshare.net/paulyoungcga/2019-
election-human-capital-and-skills-management-canada-september-2019
Government role is to create policies that encourage FDI.The Liberals
underTrudeau policies have made Canada less competitive.
https://www.slideshare.net/paulyoungcga/what-is-going-on-with-
canadas-competitiveness
United States policies underTrump have supported the economy -
https://www.slideshare.net/paulyoungcga/gdp-g7-canada-and-usa