Economics & Economy

The high economic toll of mental illness

Oct 10, 2018

Mental disorders are estimated to cost the global community nearly $2.5 trillion each year — and those costs are increasing.

Unlike costly physical illnesses like cancer, where expenses are largely hospital-based, mental health costs are often indirect, such as not being able to work.

LinkedIn's co-founder breaks down "blitzscaling"

Oct 10, 2018

(U.S. Edition) We check in on the decline of the yuan, the national currency of China. Shaun Rein, the managing director of the China Market Research Group, told us more. A global summit on mental health concludes Wednesday in a bid to secure money and treatment comparable to other health issues. Worldwide, mental disorders cost governments almost $2.5M per year.

The LinkedIn co-founder on "Blitzscaling" a company while mitigating risk

Oct 10, 2018

“Don’t focus on early revenue, measuring your long-term value or your customers” might not be the advice a new entrepreneur would expect. But Reid Hoffman, co-founder of LinkedIn, says if your business idea is a worthy one, “don’t sweat it.” Just focus on getting big quickly.

(Global Edition) From the BBC World Service … A day after it downgraded its forecast for global growth next year, the International Monetary Fund is out with a new warning Wednesday about what it calls "dangerous undercurrents" threatening the world economy. Then, more than half a million people have been urged to evacuate their homes in the southeastern part of the U.S. as Hurricane Michael prepares to make landfall. That’s just weeks after storms ravaged Indonesia and the Carolinas.

The next generation of wireless technology, 5G, could be a huge deal. The speed and the number of devices that can be connected could spawn new businesses we haven't even thought of yet. Last year chipmaker Qualcomm and tech research firm IHS Technology put out a report that said 5G could enable $12 trillion in economic output across the world by 2035 and add some 22 million jobs. The report compared 5G to electricity. Compare that to 4G, which, just in the U.S., contributed about half a trillion dollars to the economy in 2016.

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