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Archive for 7. Mai 2017

Europe Leads as Industrial 3-D Printing Takes Shape

Posted by hkarner - 7. Mai 2017

Date: 06-05-2017
Source: The Wall Street Journal

General Electric pushes into metal additive printing of aircraft and other parts

TURIN, Italy—For General Electric Co. and its rivals expanding their manufacturing operations using 3-D printing, Europe is emerging as a dominant source of the latest technologies.

GE is placing Concept Laser GmbH of Germany and Sweden’s Arcam AB, which the U.S. industrial giant bought in November for a combined $1.5 billion, at the core of a new business unit it is spinning out of GE Aviation. Arcam and Concept already are working closely on printed airplane-engine parts with European aviation-component makers that GE bought over the past decade. GE is investing about $100 million to expand Concept’s headquarters and plans to double its staff of 200 by early next year. Den Rest des Beitrags lesen »

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Another crisis one day cannot be ruled out

Posted by hkarner - 7. Mai 2017

Date: 04-05-2017
Source: The Economist

But recent changes have hade it less likely

IN 1992 SWEDEN nationalised (and subsequently merged) two banks: Gota Bank and Nordbanken, which was already mostly owned by the state. As in America 15 years later, property prices had first boomed and then plunged, bringing banks down with them. In 2001 Nordbanken was combined with Danish, Norwegian and Finnish lenders to create Nordea, the region’s biggest bank. It was not until September 2013 that the Swedish government sold its last shares in Nordea, finally drawing a line under a crisis by then 20 years in the past.

Banking crises leave deep and lasting scars on economies and societies. The one of 2007-08 was the biggest and worst since the 1930s, so the recovery was bound to take time. In a study published in 2014 of 100 financial crises going back to the 1890s, Carmen Reinhart and Kenneth Rogoff, two Harvard economists, found that real income per person took an average of eight years to return to pre-crisis levels. They identified 12 countries where systemic crises began in 2007-08, of which seven have so far clambered back at least to their starting-point. Den Rest des Beitrags lesen »

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Banks are finding it harder to attract young recruits

Posted by hkarner - 7. Mai 2017

Date: 04-05-2017
Source: The Economist

Millennials are getting pickier

“FIST BUMP, MAN.” That was how a young employee at Bank of America Merrill Lynch expressed his approval after a presentation to staff, recalls Diego De Giorgi, head of investment banking there. The boss obliged. After a recent “town hall” meeting he got an e-mail from a second-year analyst who wanted to discuss some ideas. Mr De Giorgi duly invited him and a few of his peers for a chat.

Today’s recruits to big banks have different priorities from the newcomers of a decade or two ago. These days a presentation to university students might be followed by half an hour of questions about the bank’s corporate social responsibility programme, as well as the more obvious ones about pay and promotion prospects. Den Rest des Beitrags lesen »

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The Fall of the French Ruling Class?

Posted by hkarner - 7. Mai 2017

Hugo Drochon

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