Archive for the ‘economics’ category: Page 6

Aug 18, 2020

A Human-Centric World of Work: Why It Matters, and How to Build It

Posted by in categories: biotech/medical, economics, education, employment, robotics/AI, singularity

Ogba Educational Clinic

Long before coronavirus appeared and shattered our pre-existing “normal,” the future of work was a widely discussed and debated topic. We’ve watched automation slowly but surely expand its capabilities and take over more jobs, and we’ve wondered what artificial intelligence will eventually be capable of.

The pandemic swiftly turned the working world on its head, putting millions of people out of a job and forcing millions more to work remotely. But essential questions remain largely unchanged: we still want to make sure we’re not replaced, we want to add value, and we want an equitable society where different types of work are valued fairly.

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Aug 16, 2020

Now is the BEST TIME EVER to be an entrepreneur

Posted by in categories: biotech/medical, business, economics

Our mindset is everything: what one person sees as a crisis, another person sees as opportunity.

The magnitude of economic and social disruption caused by COVID-19 (25% of small businesses have closed, bankruptcies are up 26%) means that many existing business models are being upended. In some cases, entire industries.

As an entrepreneur, you should be asking yourself: What challenges or problems can I solve? What are new digital business models I want to experiment with?

Aug 13, 2020

The Legal Industry and COVID-19 Challenges

Posted by in categories: biotech/medical, economics, law

Malak Trabelsi Loeb


Covid-19 did not only cause a health crisis around the world; It led to severe economic, social, and political challenges in various countries.

In response to the World Health Organization recommendations, governments imposed various precautionary measures in the course of managing its risks. Measures varied from mere social distancing to total lockdown and isolation in quarantine centers.

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Aug 12, 2020

SpaceX, ULA win huge defense contracts totaling more than $650 million

Posted by in categories: biotech/medical, economics, government, military, satellites

The Space Force’s announcement last week that United Launch Alliance and SpaceX will launch expensive spy satellites and other military payloads brings a long and often fierce battle for government funds to an end — at least for now.

Why it matters: This type of government money — particularly in light of the economic downturn caused by the coronavirus pandemic — is key for space companies that often work on thin margins.

The state of play: ULA was awarded the bulk of the funds — $337 million — for two missions due to launch in 2022, with SpaceX winning $316 million for one mission launching that year.

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Aug 10, 2020

The Global Work Crisis: Automation, the Case Against Jobs, and What to Do About It

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

In the end, we look back at our careers and reflect on what we’ve achieved. It may have been the hundreds of human interactions we’ve had; the thousands of emails read and replied to; the millions of minutes of physical labor—all to keep the global economy ticking along.

According to Gallup’s World Poll, only 15 percent of people worldwide are actually engaged with their jobs. The current state of “work” is not working for most people. In fact, it seems we as a species are trapped by a global work crisis, which condemns people to cast away their time just to get by in their day-to-day lives.

Technologies like artificial intelligence and automation may help relieve the work burdens of millions of people—but to benefit from their impact, we need to start changing our social structures and the way we think about work now.

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Aug 9, 2020

Bacteriophages Could Be a Potential Game Changer in the Trajectory of Coronavirus Disease (COVID-19)

Posted by in categories: biotech/medical, economics, health

Bacteriophage can reduce bacterial growth in the lungs, limiting fluid build-up. This could decrease the mortality of patients affected by COVID-19, according to the peer-reviewed journal PHAGE: Therapy, Applications, and Research.

“The bacterial growth rate could potentially be reduced by the aerosol application of natural bacteriophages. These prey on the main species of bacteria known to cause respiratory failure,” says Marcin Wojewodzic, PhD, University of Birmingham (U.K.). Decreasing bacterial growth would also give the body more time to produce protective antibodies against the disease-causing coronavirus.

Used correctly, phages have an advantage here of being able to very specifically target the bacteria that cause secondary infections. They would remove the problematic bacterium but leave an otherwise fragile microbiome intact.” Martha Clokie, PhD, Editor-in-Chief of PHAGE and Professor of Microbiology, University of Leicester (U.K.)

Continue reading “Bacteriophages Could Be a Potential Game Changer in the Trajectory of Coronavirus Disease (COVID-19)” »

Aug 9, 2020

Why Japanese Businesses Are So Good at Surviving Crises

Posted by in categories: biotech/medical, business, economics, ethics, finance, nuclear energy

On March 11, 2011, a 9.1-magnitude earthquake triggered a powerful tsunami, generating waves higher than 125 feet that ravaged the coast of Japan, particularly the Tohoku region of Honshu, the largest and most populous island in the country.nnNearly 16,000 people were killed, hundreds of thousands displaced, and millions left without electricity and water. Railways and roads were destroyed, and 383,000 buildings damaged—including a nuclear power plant that suffered a meltdown of three reactors, prompting widespread evacuations.nnIn lessons for today’s businesses deeply hit by pandemic and seismic culture shifts, it’s important to recognize that many of the Japanese companies in the Tohoku region continue to operate today, despite facing serious financial setbacks from the disaster. How did these businesses manage not only to survive, but thrive?nnOne reason, says Harvard Business School professor Hirotaka Takeuchi, was their dedication to responding to the needs of employees and the community first, all with the moral purpose of serving the common good. Less important for these companies, he says, was pursuing layoffs and other cost-cutting measures in the face of a crippled economy.nn

As demonstrated after the 2011 earthquake and tsunami, Japanese businesses have a unique capability for long-term survival. Hirotaka Takeuchi explains their strategy of investing in community over profits during turbulent times.

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Aug 5, 2020

Four companies will square off to win money to build Skyborg drone prototypes

Posted by in categories: drones, economics, military

Not all the companies that won Skyborg contracts are assured to score orders to build prototypes.

Aug 1, 2020

Space Launch System vs. SpaceX: Is the SLS a Waste of Money

Posted by in categories: business, economics, space travel

Oftentimes, many argue that NASA’s Space Launch System is a waste of money because it is being delayed over and over again despite having such a large budget. In this video, I will examine whether this is the case or not.

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Aug 1, 2020

Big Tech’s Backlash Is Just Starting

Posted by in category: economics

Worries about America’s tech stars have swirled for years. It’s clear now that this isn’t going away. In world capitals, courtrooms and among the public, we are wrestling with what it means for tech giants to have enormous influence on our lives, elections, economy and minds.

The congressional antitrust hearing showed that concerns about the tech stars aren’t going away.

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