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The World Is Swimmin |
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| An old saying tells us, ��쏽ou can never be too thin or too rich.��� But the truth is that you can have too much cash. Today, the developing world and Europe are spending less money than they are taking in, and the result is a surplus of savings that the global economy must somehow learn to use effectively.
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The New Era of Publi |
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| As Bill Clinton acknowledged in 1995, ��쏷he era of big government is over.��� However, society still needs to make investments in huge infrastructure projects like highways, dams, and cultural institutions. When developing these big projects while maintaining a smaller government, the solution is increasingly to turn to ��쐏ublic-private partnerships,��� to which both government and private enterprise bring their unique advantages. |
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The Fifth Wave of th |
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| The global availability of capital is converging with a number of other trends to pave the way for the final and most important phase of the information revolution. Every technological revolution goes through a series of waves or stages of creative destruction. This is as true for today��셲 computer-based revolution as it was for those based on the steam engine, or the automobile. |
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The Coming Global Wa |
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| As we��셶e discussed, America must confront such issues as the fifth wave and the rise of global powers like China, with its mammoth population of cheap workers, its vast hoards of cash, and its urgent agenda for acquiring the resources to make it an economic superpower. |
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Global Cash Surplus |
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| As we��셶e forecasted previously in Trends, the prices of higher-end homes, which cost $1 million and up, have softened in recent months. But overall, U.S. housing prices have continued to rise, climbing 14.5 percent in the year ending June 30, 2005. That��셲 the fastest annual pace in 25 years. |
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