Commerce

Scarcity is defined as an economic condition that arises when people have far greater wants than the available resources. Most often we think about the limited supplies of natural resources, but it includes far more than that.

Celebrity Apprentice has crowned a new Trump champion, a faux partner in the business of celebritizing business. So it's time to see if there are in fact any teachable moments. I count six lessons to learn (or unlearn).

Last week I read a piece in Forbes about how young people today should not complain about "underemployment," the phenomenon of working part-time or at a job unsuited to one's level of education.

As Gen Xers reach midlife, they are emerging as one of the most active age cohorts and an overlooked pool of leadership and entrepreneurial talent. Here are five interesting facts about Gen X at midlife:

originally posted at the Trend and Foresight Blog.

The only time I'm tempted to use the expression "The future is now" is when I see a story about a "new" trend or development or prediction, such as today's Technology Review blog piece on the idea of a marketplace for personal information. See "A Stock Exchange for Your Personal Data" by Jessica Leber, posted May 1 at Technology Review's Computing blog.

Okay. You got me. I can’t really tell you everything you need to know about big data. The one thing I discovered last week – as I joined more than 2,500 data junkies from around the world for the O’Reilly Strata conference in rainy Santa Clara California—is that nobody can, not Google, not Intel, not even IBM.

I have long followed the original thinking of Nikkol Kondratieff, a Russian economist, who was the first to base his theories on actual statistics. He saw the economy as a 55- to 60-year cycle where technology supplanted the old ways of doing things by increasing productivity and through the replacement of certain industries and ways of thinking with new industries and approaches.