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CORRIERE DELLA SERA, LA STAMPA (Italy)

Worldcrunch

VENICE - The city famous for its canals and occasional "high water," has withdrawn its candidacy to become European Capital of Culture in 2019 because it is already flooded with tourists, reports Corriere della Sera

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Forrestn

While other cities line up for all the residual payoff of getting such an international designation, Venice Mayor Giorgio Orsoni is not impressed. “It won’t bring us anything. It won’t bring money, just more tourists that the city doesn’t need," he said. "Venice is already a world capital of culture. The European resources are peanuts and the Italian state won’t pay a penny. The industry is struggling to subsidize cultural initiatives that already exist.”

The "lagoon city" sees 20 million tourists each year flocking to take in its romantic waterways and cultural treasures, says La Stampa.

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DanieleDF1995

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Economy

Outputs To Outcomes: Why It’s Time To Stop Measuring Productivity

Initially used to measure the link between exploited resources and final results in the industrial production process, the concept of productivity is the most widely used economic indicator. It is also sorely out-of-date.

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Alexis Gaches

Two hundred and fifty years after the beginning of industrialization, a new revolution is on : the digital one. If the automation of almost all production has led workers to turn to knowledge-based jobs, the concept of productivity is still anchored in management culture. But it is time to question the relevance of an evaluation of intellectual work through the prism of productivity.

Let’s take the example of a writer able to write two mediocre books in the same amount of time they would need to write one very good book. Two books means twice as much output, so a higher productivity rate. But since one good book sells better, their publisher will likely prefer quality over quantity. In this case, applying a productionist approach would be counterproductive.

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