Draghi's Report

Between 2004 and 2021, before Russia invaded Ukraine, the industrial price of energy in the UK tripled in nominal terms, or doubled relative to consumer prices.

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For their annual meeting, the American Economic Association’s organizing committee greenlit some 45 sessions devoted to topics of diversity, equity, inclusion, inequality, gender, belonging, segregation, sexual harassment, discrimination, race and LBGT.

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Draghi's Report

The European Commission tapped Mario Draghi, a respected technocrat who served as Europe's top central banker as well as Italy's prime minister, to diagnose Europe's economic problems. One year later, he returned with over 300 pages of findings and proposals designed to help the EU compete with the U.S. and other global peers.

"For the first time since the Cold War, we must genuinely fear for our self-preservation," Mario Draghi, told reporters this week.

Roughly a third of startups founded in Europe since 2008 that went on to be unicorns — those valued at $1 billion or more — left the bloc, with the majority coming to the U.S.The report says the U.S. is home to 22 of the 50 companies with the world's biggest research and development budgets. Europe has 12.

Draghi calls out Europe's "weak innovation" in AI. Over 70% of AI models built since 2017 are from the U.S., while 15% stem from China.
 
All six of the most valuable companies in the U.S. — all of which are worth more than $1 trillion — have been created in the last 50 years.By contrast, no European company valued at more than $100 billion has been started in that period.

The U.S. labor force is expected to keep growing for the rest of the century, in stark contrast to Europe, where it's already shrinking (even after accounting for immigration).
Europe's workers had 95% of the productivity of their American counterparts in 1995. Today, however, that number has fallen to less than 80%.