DNA fingerprinting has largely replaced hand fingerprinting as a precise means for identifying human beings.
Global satellite navigation has made the chronometer obsolete.
The indicators below will give you anywhere from a few days to a few months of warning that things are about to change drastically.
1) Interest rates on US Treasuries go up steeply, and/or suddenly The definition of ‘defaulting’ on it’s debt means the U. Gov’t isn’t able to pay the interest on the almost trillion it owes.
flags will give you anywhere from a few days to a few months of warning that things are about to change drastically…and well before those around you grasp the full extent of what is going on.
The atomic clock has replaced the sundial, hourglass and pendulum.
The mariner’s compass and chronometer enabled ships to navigate safely far from land.
Modern medicine could not exist without the thermometer, stethoscope, sphygmomanometer and glucometer, along with measures for blood cell count, hemoglobin, cholesterol, and countless other metrics. But unlike other measures that are confined to measuring a single dimension or quality, money has the capacity of assigning value to almost anything material or immaterial — physical objects, human labor, social status, information, obedience, loyalty and sometimes even love.
The attributes that have made GDP so successful are often overlooked — it provides clear objectives for policy and decision-making.
We propose new composite indicator, HEWI, which can be used to guide decision-making, which retains the strengths associated with GDP, while substantially enhancing its value as a measure of human economic development.