Can the US and Europe avoid a lost economic decade? In this video clip from The Economist’s annual Buttonwood Gathering, Mohamed El-Erian, chief executive of PIMCO, considers ways to halt the continued global recession.
Lawrence Summers, president emeritus of Harvard University, argues that one of the main causes of the euro zone crisis was that people believed in “the triumph of politics over economics”. Learn why he thinks economics matters in a clip from The Economist’s annual Buttonwood Gathering.
Anyone visiting the Las Vegas area can take a tour of Zappos. The company will even send a shuttle to pick you up from the airport and take you to the headquarters. The same perk is offered to all job candidates. In this clip from The Economist’s Ideas Economy event series, Tony Hsieh, chief executive of Zappos, reports that “It doesn’t matter how well the day of interviews went for a candidate. If the shuttle driver wasn’t treated well, we won’t hire that person”.
Crowdfunding sites like Kickstarter and Kiva let you invest small amounts of money to support budding entrepreneurs. In this clip from The Economist’s Ideas Economy event series, Jessica Jackley, chief executive of ProFounder, discusses how crowdfunding not only promotes entrepreneurship, but also connects people around the world.
Richard Saul Wurman, creator of TED, argues that we often use words like “innovate” and “trillion” without understanding what they really mean. In this clip from The Economist’s Ideas Economy event series, Mr Wurman explains why knowing a word’s definition is so important.
What if we could take the real-time pulse of the economy by examining high-frequency, instantaneous data? Using search queries, Google is trying to do just this. In a clip from The Economist’s Ideas Economy event series, Hal Varian, chief economist at Google, explains the logic behind “nowcasting”.
Less than an hour after the 2011 earthquake and tsunami in Japan, the country’s phone system was at capacity and Japanese citizens were unable to contact their loved ones or emergency hotlines. What did the Japanese do? They turned to Twitter. Dick Costolo, chief executive of Twitter, discusses how Twitter saved lives that day, in this video from The Economist’s Ideas Economy events series.
Would you rather have a $5,000 watch or a $5,000 trip to Europe? Marc Cenedella of TheLadders.com predicts you’ll choose the trip. Why? “People are spending more and more of their time with experiences, rather than products,” he says in this video from The Economist’s Ideas Economy events series.
Big data. It’s a term we hear frequently these days. But what exactly is “big data?” Is it a force for good, or a way for companies and governments to keep better track of us? In this clip from The Economist’s Ideas Economy events series, we ask leading experts what they think of the rise of big data.
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