Business committee cycle dating

Volta's pile was at first a technical curiosity but this new electrochemical phenomenon very quickly opened the door to new branches of both physics and chemistry and a myriad of discoveries, inventions and applications.The electronics, computers and communications industries, power engineering and much of the chemical industry of today were founded on discoveries made possible by the battery.Today I want to focus just on employment, one of the only really good indicators available at the local level. We fall further in recession but grow quicker in expansion.

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For many years the telegraph, and later the telephone, industries were the only consumers of batteries in modest volumes and it wasn't until the twentieth century that new applications created the demand that made the battery a commodity item. The use of bronze for tools and weapons gradually spread to the rest of the World until it was eventually superceded by the much harder iron.

In recent years batteries have changed out of all recognition. Today the cells are components in battery systems, incorporating electronics and software, power management and control systems, monitoring and protection circuits, communications interfaces and thermal management. Mesopotamia, incorporating Sumer, Babylonia and Assyria, known in the West as the Cradle of Civilisation was located between the Tigris and Euphrates rivers (The name means "land between the rivers") in the so called Fertile Crescent stretching from the current Gulf of Iran up to modern day Turkey. the Sumerians of ancient Mesopotamia developed the World's first written language.

Historians seem to agree that the wheel and axle were invented around 3500 B. 60 is divisible by 1,2,3,4,5,6,10,12,15,20,30 and 60 making it more convenient than using a base 10 decimal system when working with fractions.

The Mesopotamians thus introduced the 60-minute hour, the 60-second minute and the 360-degree circle with each angular degree consisting of 60 seconds.

Something along these lines really does seem to be the conventional wisdom. While the NBER has a business cycle dating committee for U. recessions, no such entity exists for local or regional recessions.

In the past I have used University of Oregon professor Jeremy Piger’s dating algorithm to try and gauge this.

This next graph shows how Oregon fares over the entire cycle relative to the U. by measuring employment change from one business cycle peak to the next business cycle peak. At the time, Oregon lost 12% of its jobs while the U. While Oregon’s growth in the 1990s was stronger than the U.

In most cycles since World War II, Oregon comes out ahead. Right now Oregon employment is 4.9% above pre-Great Recession levels while the U. S., those last few years did see slower job gains (see the first graph where the dark blue line drops below the light blue line).

(See Map of Mesopotamia) Unfortunately this accolade ignores the contributions of the Chinese people and the Harappans of the Indus Valley, (Modern day Pakistan) who were equally "civilised" during this period practicing metallurgy (copper, bronze, lead, and tin) and urban planning, with civic buildings, baked brick houses, and water supply and drainage systems. Called Cuneiform Writing from the Latin "cuneus", meaning "wedge", it was developed as a vehicle for commercial accounting transactions and record keeping.

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