
James A. Dorn
There has been a shift in our culture and how we perceive today’s job seekers. Two groups in particular are being mischaracterized: millennials and trade/vocational school students. It’s not clear how this started, but many people hold a low opinion of millennials. Forbes notes that the oldest millennials, born in 1981 according to Pew Research Center, just hit undeniable adulthood. And, at age 35, they should have it together.
At a monetary conference in Vienna back in 2014, the distinguished Frenchman, friend, and occasional collaborator Jacques de Larosière proclaimed that the current world monetary order should be termed an “anti-system.” He has a point — an important point. Among other things, such an anti-system invites an enormous amount of instability, as well as uninformed loose talk that influences public opinion and policy.
America's alliance structure in Europe and Asia dates back more than six decades. A few of the smaller, less viable organizations collapsed (CENTO, SEATO), but since the end of the Cold War, Washington has expanded rather than contracted its treaty obligations. That includes in the Philippines, which two years ago approved a new agreement providing the U.S. military with bases and joining in exercises.
Many factors are impacting economic growth. And volatility tops the list. According to a McKinsey Global Survey of executives, “Over the next five years nearly all respondents expect a disruption in the global economy due to volatility. And they are much likelier now — 43 percent, up from 29 percent in 2013 — to expect that potential disruptions to the economy will be very severe.”
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