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Archive for the ‘economics’ category

Jul 7, 2018

Billionaire Ray Dalio: A.I. is widening the wealth gap, ‘national emergency should be declared’

Posted by in categories: economics, employment, government, information science, robotics/AI

It’s amusing that these people know where this is headed, but arent interested enough to stop it.


The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in a Facebook post on Thursday.

Dalio says he was responding to a question about whether machine intelligence would put enough people out of work that the government will have to pay people to live with a cash handout, a concept known as universal basic income.

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Jul 6, 2018

A trillion-dollar space industry will require new markets

Posted by in categories: economics, finance, space

RENTON, Wash. — Forecasts that predict the space industry to grow to a trillion dollars by the 2040s will require the development of new markets, even with the modest annual growth rates needed to achieve that goal.

A panel session June 26 at the Space Frontier Foundation’s NewSpace 2018 conference here noted that several reports in the last year by investment banks predicted that the global space economy, currently valued at about $350 billion, could grow to $1 trillion or more in the 2040s.

One report by Goldman Sachs predicted the industry would reach $1 trillion in the 2040s, noted Jeff Matthews, a consultant with Deloitte who moderated the panel discussion. A separate study by Morgan Stanley projected a “most likely outcome” of a $1.1 trillion space economy in the 2040s. A third study by Bank of America Merrill Lynch was the most optimistic, seeing the market growing to $2.7 trillion by the same timeframe.

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Jul 5, 2018

To thrive in tomorrow’s economy, workers need to boost lifelong cognitive abilities

Posted by in categories: economics, robotics/AI

As we develop robots with increasingly human-like capabilities, we should take a closer look at our own. Only by learning to overcome – or at least evade – our cognitive limitations can we have long and fruitful careers in the new global economy.”


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The Cognitive Limits of Lifelong Learning (Project Syndicate):

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Jul 5, 2018

Who Really Stands to Win from Universal Basic Income?

Posted by in categories: economics, policy

Give People Money: How a Universal Basic Income Would End Poverty, Revolutionize Work, and Remake the World” (Crown), by the economic journalist Annie Lowrey, is the latest book to argue that a program in this family is a sane solution to the era’s socioeconomic woes. Lowrey is a policy person. She is interested in working from the concept down. “The way things are is really the way we choose for them to be,” she writes. Her conscientiously reported book assesses the widespread effects that money and a bit of hope could buy.


It has enthusiasts on both the left and the right. Maybe that’s the giveaway, Nathan Heller writes.

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Jun 30, 2018

The Single Greatest Economic Myth

Posted by in categories: business, economics, employment, geopolitics, health

Recorded at “Contra Krugman: The Economic Myths of the 2016 Election”: the Mises Circle at Seattle’s historic Town Hall, on 21 May 2016.

Presidential candidates promise everything from living wages to free health care and college. Proposals about how to run whole segments of the economy are made with a straight face. The most tired and hackneyed ideas about income equality, corporate greed, creating jobs, and paying one’s fair share of taxes are trotted out. And millions of voters apparently believe it all, falling for the same promises of free stuff and prosperity from Washington.

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Jun 30, 2018

AI Will Thrash the Economy Like a ‘Tsunami,’ Allstate CEO Says

Posted by in categories: economics, robotics/AI, transportation

Much Worse than that. And, thankfully, They are too foolish and greedy to stop.


Artificial intelligence is coming for the service economy, according to Allstate Corp. Chief Executive Officer Tom Wilson.

“It’s going to rip through this economy like a tsunami,” Wilson said Thursday in an interview on Bloomberg TV from Aspen, Colorado.

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Jun 30, 2018

Extra PCs laying around? Why not mine Bitcoin?

Posted by in categories: bitcoin, cryptocurrencies, economics, internet, supercomputing

I get this question a lot. Today, I was asked to write an answer at Quora.com, a Q&A web site at which I am the local cryptocurrency expert. It’s time to address this issue here at Lifeboat.

Question

I have many PCs laying around my home and office.
Some are current models with fast Intel CPUs. Can
I mine Bitcoin to make a little money on the side?

Answer

Other answers focus on the cost of electricity, the number of hashes or teraflops achieved by a computer CPU or the size of the current Bitcoin reward. But, you needn’t dig into any of these details to understand this answer.

You can find the mining software to mine Bitcoin or any other coin on any equipment. Even a phone or wristwatch. But, don’t expect to make money. Mining Bitcoin with an x86 CPU (Core or Pentium equivalent) is never cost effective—not even when Bitcoin was trading at nearly $20,000. A computer with a fast $1500 graphics card will bring you closer to profitability, but not by much.

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Jun 29, 2018

Future of Construction VS Construction of Future

Posted by in categories: economics, futurism

What if the world is genuinely shaping to be transformed to Jacque Fresco’s ideal world? — vision of global Resource Based Economy?! The idealistic.

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Jun 29, 2018

While some NW space companies show progress, asteroid miner Planetary Resources is in rocky shape

Posted by in categories: economics, satellites

Talk of commercial missions to the moon, constellations of satellites, space tourism, and a trillion-dollar space economy filled the NewSpace conference in Renton Tuesday. There was also a cautionary tale.

Dominic Gates

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Jun 28, 2018

Ocasio-Cortez’s climate plan is the only one that matches scientific consensus on the environment

Posted by in categories: climatology, economics, government, sustainability

Ocasio-Cortez’s 100%-renewable plan puts her in agreement with a coalition of US mayors who have committed to the goal of complete decarbonization within their own cities. But Ocasio-Cortez, who has an economics degree, also couples that plank with an economic plan she is calling the Green New Deal.


In a major upset on Tuesday night, Alexandria Ocasio-Cortez, a 28-year-old Latina democratic socialist from the Bronx, beat out the longtime US representative Joe Crowley in the New York primaries. In the overwhelmingly Democratic district, she is practically certain to win a seat in Congress during the general election in November.

Ocasio-Cortez’s climate-change platform would become the most progressive of that of any sitting Congressperson in the Democratic party—and her primary victory catapults that platform into the mainstream.

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