Friday, September 14, 2018

Shortage of STEM graduates a myth in Europe and US

STEM is an acronym for science, technology, engineering, and mathematics and because of the importance of innovation for growth in a modern economy the term that was coined by the US National Science Foundation, has become a buzzword in many countries.

The high tech sector has been crying wolf for many years about the shortage of STEM graduates but there is no shortage and the motivation is to have a big pool that would enable it to select the cream.

Sunday, September 09, 2018

Epic failure of global war on drugs under lead of US

The United Nations Office on Drugs and Crime (UNODC) in its ‘World Drug Report 2018’ published in June 2018, reports that 275m people worldwide — roughly 5.6% of the global population aged 15–64 years — used drugs at least once during 2016. Cannabis which comes in 3 forms (marijuana from dried flowers and leaves; hashish made from the resin [a secreted gum] of the cannabis plant and hash oil, the most potent) accounted for illicit use by 70% of the drug-taking population.

UNDOC said cocaine manufacture in 2016 reached the highest level ever reported dominated by Colombia while from 2016-2017 global opium production jumped by 65%, with a rise in yields in Afghanistan — years of eradication efforts by the US in both countries had got nowhere.

However, it’s synthetic opioids, not the traditional plant-based ones that have the greatest danger, accounting for about 49,000 overdose deaths from a total of over 72,000 in the US in 2017 (this is likely an underestimate). In Canada in 2017 (population 37m, 11.3% of US level) there were more than 4,000 overdose deaths — more Canadians are now dying of overdoses than motor vehicle accidents and homicides combined.

Tuesday, September 04, 2018

Irish jobs top 2007 bubble peak as rural villages in peril

Last week data on jobs in the Irish economy showed that total employment in June 2018 had exceeded the peak property bubble total of 2.252m in September 2007, by almost 3,000 people. Meanwhile, an announcement by An Post, the state postal service, that it proposed closing 159 rural post offices in 25 of the 26 counties, raised fears that many villages would face a slow death. The service said its remaining 960 post offices would benefit from "investment and consolidation."

Last November the Government approved €30m of State funding to protect the future of the postal network. 

Also last week, the Central Statistics Office (CSO) reported that the number of immigrants to the State in the year to April 2018 was estimated to have risen by 6.7% from 84,600 to 90,300 while the number of emigrants fell over the same period, from 64,800 to 56,300 (-13.1%) resulting in net Irish inward migration in 2018 of 34,000 — the highest level of net inward migration since 2008.