Ako Bisdak - Bisdak Represent

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Mckinsey & Company
Sponsored
Inflation has altered the economic mood,
and potentially reset the path of global
and national economies worldwide for
many years. Our article discusses 7 data
points to highlight inflation's impact and
its future effects

https://mck.co/3U1w7id

https://www.facebook.com/100047580963457/posts/586268832969144/

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World Economic Forum
4,138,254 followers

The EU has targeted an increase in its share of the global semiconductor industry from 9% now to 30% by 2030.

https://www.linkedin.com/posts/world-economic-forum_europes-future-will-be-powered-by-its-own-activity-6974411177606922240-M6em?utm_source=share&utm_medium=member_android

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International Finance Corporation

IFC PPPs in Power

Today, 789 million people worldwide still live without electricity, with most concentrated in Africa and Asia. But energy is crucial for economic and social development.

The private sector plays a critical role not only in bringing people their first power connections, but in helping make existing connections more reliable

Climate change is a key concern in addressing these challenges.

The IFC helps establish partnerships with the private sector to enhance access to electricity, improve supply and distribution, increase energy efficiency, and support a sustainable future.

https://www.ifc.org/wps/wcm/connect/Industry_EXT_Content/IFC_External_Corporate_Site/PPP/Priorities/Power/

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Responsible Statecraft

Facing the hard facts about the 'world class' US Navy -

In a 2007 book, Lessons Not Learned: The U.S. Navy’s Status Quo Culture, in war games and mock attacks from 1966 to 2006 — a forty year span — submarines and surface warships from the Soviet Union and Russia, China, Chile, Holland, Australia, and Canada theoretically destroyed the carriers Saratoga, Independence, John F. Kennedy, Franklin D. Roosevelt, Eisenhower, Forrestal, Constellation, Carl Vinson, Theodore Roosevelt, Kitty Hawk and Abraham Lincoln.

There are reports of the continuing problem of the Navy’s inability to protect its high-cost core assets. There are also credible reports that aircraft carriers are becoming vulnerable to China’s anti-ship ballistic missiles and other systems. Part of the problem is also the Navy’s poor anti-submarine weapons.

A scathing article called “The United States Navy — Feet of Clay,” published in The Naval Review in 2004 by then-Lieutenant Commander Aidan Talbott of the Royal Navy, hit the nail on the head, and even though it is an older account, recent Navy disasters such as the tragedies involving the McCain,
Fitzgerald, and the Bonhomme Richard amphibious vessel, which was destroyed in port last year by fire, bear many of his criticisms out.

According to a 2021 survey of current and retired Navy officers: “Concern within the Navy runs so high that, when asked whether incidents listed above part of a broader cultural or leadership problem in the Navy, 94% of interviewees responded ‘yes.’”

Commander Talbott concluded in his article “The United States Navy — Feet of Clay,” by saying: “The USN clearly can be a world class organisation in terms of output — their ability to surge and support extensive assets globally and to put ‘warheads on foreheads’ is unmatched but they are emphatically not world class in terms of the human, financial and managerial resources consumed to achieve that output.

Allies cannot divest themselves of the inextricable levels of support they now rely on from the US but they must always be acutely conscious of what the US cannot do as much as what it can.

On balance, allies sure would want to be with them rather than against them but thru must remain in this partnership with eyes wide open and a healthy awareness of where the strengths and the weaknesses lie of their Number One friend and ally.”

https://responsiblestatecraft.org/2022/09/08/facing-the-hard-facts-about-the-world-class-us-navy/

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Bloomberg CityLab
53,192 followers

Germany's proposed replacement to the popular summer travel deal could offer a more durable incentive to choose transit over cars.

https://www.linkedin.com/posts/bloomberg-citylab_to-fight-its-gas-crisis-germany-proposes-activity-6974411956124270592-k9Cf?utm_source=share&utm_medium=member_android

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SunStar

FROM OLD TO NEW: CEBU’S ALL-NEW FREEDOM PARK

From a crowded market to a park for free speech – this is what the Cebu City Government plans to idealize as they open the newly restored Freedom Park in downtown Cebu.

The historic park will be uncovered this October, with its proposed design having tree-lined pathways and a 15-meter-high obelisk, according to its private developer Cebu2World Development Inc. (C2W).

The new Freedom Park will rise across the main campus of the University of San Jose – Recoletos (USJ-R) on Magallanes Street.

The Freedom Park also used to be where Cebuanos also bravely gathered to voice their sentiments against the biased and unfair policies of the then-governing Americans in the metropolitan.

https://www.sunstar.com.ph/article/1940263/cebu/local-news/new-freedom-park-set-to-serve-original-purpose

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Market Watch

The emperor has no clothes. Why China’s reputation for economic management is coming undone

As governments in the U.S. and Europe mishandled one calamity after another — from the 2008 financial crisis to botched efforts to contain COVID-19 — even champions of liberal democracy looked on with envy as China’s policy makers navigated the same troubled waters with apparent ease.

The stimulus package and subsequent policies built on the success of the three prior decades when the government was able to encourage double-digit economic growth through much needed infrastructure spending. It also set the stage for another decade in which China’s economy would outperform the West.

But these policies also papered over a serious problem: China was running out of ways to productively invest in roads, bridges and other infrastructure.

After China had “closed the gap between the investment it had and the investment that the economy could productively absorb…China should have dramatically lowered the share of production it reinvested.

Rebalancing the Chinese economy from one led by investment to one dominated by domestic consumer spending ran into political opposition, however, as vested interests in maintaining the current model have blocked necessary reforms.

Real estate bubbles are common in economic history, and the bubble that formed in China’s property sector does not look all that different than the ones formed in the U.S. and Europe in the 2000s.

Easy credit to the property sector was provided by the government as it sought to spur economic activity to hit unsustainably high GDP-growth targets.

An added wrinkle to the story is the widespread practice by Chinese developers of pre-selling homes that have yet to be constructed and using those funds not to complete the promised home, but purchase more land. The value of mortgages attached to unfinished properties in China amount to about $230 billion.

Property investment was a much larger share of the Chinese economy than in the U.S. context.

https://flip.it/g048SD

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Design Bloom

Floating Contra-Rotating Wind Turbine Delivers Twice the Energy of Today's Largest Turbines

https://www.designboom.com/technology/floating-contra-rotating-turbine-world-wide-wind-09-07-2022/