Today's Business & Economics Chapter

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Business & Investing Thursday August 11, 2011 The Next Convergence: The Future of Economic Growth in a Multispeed World by Michael Spence   As the global economy emerged in the post war period, the colonial system disappeared. Old colonies became new countries, some of them with very odd shapes and geographical positions. With no history of self-governance as nation states, they struggled to find their way, economically and in terms of stable governance. India created the world’s largest and most complex democracy—a modern miracle. China turned to communism, adopted the centrally planned model of economic organization, and made very little measurable economic progress for 29 years, but perhaps sowed the seeds of its future rise by educating the vast majority of its people. It dramatically changed direction in 1978 and became the largest (in population) and fastest growing country in the history of the world. What no one saw clearly was that in the post war period, the economic party that had been running for 200 years in a small subset of the population was about to spread to much of the rest of the world. The implications of this new convergence are profound and extensive. The costs of things will change. Goods and services that require human time and effort will become relatively more expensive, an inevitable consequence of the eventual decline of low cost underemployed labor in the global economy. Economic forces and incentives will try to make them less expensive by allocating more capital to labor and hence reducing the labor input required. But there are limits to substituting capital for labor, though these limits are moving as technology changes the art of the possible. The abundance of underemployed labor in the world economy has in a sense delayed the arrival of labor saving technology. But this will end in the current century. (Continues...)           BookDaily Top Five Heaven is for Real: A Little Boy's Astounding Story of ... A Dance with Dragons: A Song of Ice and Fire: Book Five In the Garden of Beasts: Love, Terror, and an American ... The Girl Who Kicked the Hornet's Nest Water for Elephants: A Novel     Business & Investing Top Five The 7 Habits of Highly Effective People Reckless Endangerment: How Outsized Ambition, Greed, and ... Who Moved My Cheese?: An Amazing Way to Deal with Change ... The Total Money Makeover: A Proven Plan for Financial ... The Intelligent Investor: The Definitive Book on Value ...

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BookDaily Update

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BookDaily Update Thursday August 11, 2011 Sailing to Love (Barbara Cartland Pink Collection) By Barbara Cartland ISBN: 9781905155538   1879 “The trouble with this house is that it was built for a family. Now there’s only Miss Venetia.” The man’s voice came from within the kitchen and was answered at once by a female voice. “It’s her home. She wants it to be just as it was when her mother and father were alive. If you ask me, what she really needs is a husband.” Miss Venetia Baydon walked away quickly, fearful lest her servants should discover her outside the kitchen door and think she was eaves-dropping. She hurried to the drawing room, but found it as lonely as everywhere else. It was late summer, the leaves were beginning to fall and a fine rain ... Read more     Captured Prey: Book Two in the Black Widow Trainer Series By Craig Odanovich ISBN: 9781934572788   On Vacation Misty stood statuesque as soothing warm water cascaded over every voluptuous curve of her well-honed body, washing away the salty sweat left over from yoga class. Tonight she would dine with her best friend, Gabriella, in the quaint little town of Lahaina. Maui offered the girls a sunny escape from the cold June days in Buenos Aires. The next two weeks would be filled with beautiful beaches, exotic tours, fabulous food, and everything else paradise could provide. “Misty, dear! I’m going downstairs to the bar for a drink so take your time getting ready.” “Okay, Gabriella. I won’t take long.” Misty finished showering, ... Read more         BookDaily Top Five Heaven is for Real: A Little Boy's Astounding Story of ... A Dance with Dragons: A Song of Ice and Fire: Book Five In the Garden of Beasts: Love, Terror, and an American ... The Girl Who Kicked the Hornet's Nest Water for Elephants: A Novel   Browse by Category Fiction Romance Mystery & Detective Westerns Sci-fi/ Fantasy Thrillers Political Religion Classics Historical Action & Adventure Humorous Children Non-Fiction Biography Travel Religion Political History Social Issues Business Arts Science True Crime Sports Poetry

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Perfect Starting Point Traps

Author Update Thursday August 11, 2011   Perfect Starting Point Traps Rick Frishman and Robyn Freedman Spizman Editor's Note: Today's Author Update is excerpted from "Author 101 Bestselling Nonfiction: The Insider's Guide to Making Reality Sell" Everything has been said before, but since nobody listens we have to keep going back and beginning all over again. -Andre Gide Many book projects never get off the ground because the writers don’t know where to start. They spend so much time and energy agonizing over where to start that they become paralyzed and never begin. When they gather information, they can get lost in it, overwhelmed by it, or discouraged when they can’t find the perfect starting point. Don’t fall into these traps! Frequently, writers can’t get started because they don’t have a plan on how to bring their books to life. So, now that you’ve sharpened your focus and zeroed in on what you want to write, the next step is to create a plan for how you will write your book. And that begins with the creation of a structure for your book, determining how you will present your book’s content. When it comes to structure, you have many options. You can follow the format of most books by presenting information in a logical, narrative approach with a beginning, middle, and end. Or your book can tell a story, or it can state problems and give their solutions. Your book can be in the form of a list or series of lists, such as “10 Income Tax Saving Measures.” Or it can cover a subject from A to Z or other divisions. As we’ve mentioned, books are works in progress that constantly change. So the structure that you initially select can, and probably will, change. However, it’s important to create an initial structure in order to give yourself a starting point, a place where you can begin to work on the book, even if that structure will subsequently change. Robyn Says Usually, it’s more important to get going than to pinpoint the perfect starting point. Create a loosely knit structure or flexible road map for your book by listing your chapter areas and the main points you wish to address. Don’t waste time organizing, revising, or refining every detail until after you’ve jumped in, since most books are works in progress that change. After you list your chapter headings, select a chapter to tackle first. I prefer to start at the beginning, with the introduction, and then move on to Chapter 1. Author 101 Bestselling Nonfiction: The Insider's Guide to Making Reality Sell Post a Comment | Share on Facebook | Email   Interested in Having Your Book Featured Next to Bestsellers? BookDaily Staff Interested in having your book featured next to bestsellers? Let BookDaily help! We’ll email your chapter to 25,000 readers and feature it prominently on the BookDaily homepage for a low monthly investment of $39. Thousands of readers join BookDaily monthly and our goal is to ensure that they can find you, sample your work, and even purchase if desired. To get started today or for more information click here. Post a Comment | Share on Facebook | Email     Author Marketing Resources Author Monthly Promotion Author Circle Lead Generation Free Author Widget Press Release Distribution Email Service Provider Publisher Promotion Discount Author Websites Glossary of Online Advertising Terms FREE DOWNLOAD: Online Marketing for Authors

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Moneybox: The Last Bright Spot

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moneybox The Last Bright Spot Can corporate profits continue to rise? By Annie Lowrey Posted Tuesday, Aug. 9, 2011, at 5:15 PM ET This year, the otherwise dismal economy has had two real bright spots: a rally in the stock market and rising corporate profits. One of those things is now gone. The question of what will happen with the other remains. In the last two weeks, the Dow Jones has given up all the gains it had accrued since Jan. 1--and then some, wiping out trillions in equity value. That leaves just one real bright light in the economy: corporate profits. Indeed, during 2010 and 2011, America's companies have made out like bandits. In the first three months of this year--the last quarter for which we have official statistics--profits from current production increased by nearly $50 billion. Both nonfinancial and financial firms have expanded their earnings year-on-year. The bounce-back for corporations has proved so robust that their profits accounted for the highest proportion of national income ever recorded in 2010. To continue reading, click here. Annie Lowrey reports on economics and business for Slate. Previously, she worked as a staff writer for the Washington Independent and on the editorial staffs of Foreign Policy and The New Yorker. Her e-mail is annie.lowrey@slate.com. Join the Fray: our reader discussion forum What did you think of this article? POST A MESSAGE | READ MESSAGES Also In Slate The Real Reason Britons Are Rioting? They Might Just Want Free Stuff and a Good Time. The Woman Who Is Making New York City Safe for Motorists, Cyclists, and Pedestrians Does a Falling Stock Price Affect a Company's Day-to-Day Operations?	Advertisement
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