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Archive for the ‘economics’ category: Page 7

Feb 17, 2022

Understanding the 7 layers of the metaverse

Posted by in categories: computing, economics

While it’s difficult to put something as vast, conceptual, and, frankly still emerging as the metaverse in quantifiable terms, Jon Radoff breaks it down logically and thoroughly.


When it comes to describing the metaverse, definitions and opinions abound. And while it’s difficult to put something as vast, conceptual, and, frankly, still emerging as the metaverse into quantifiable terms, Jon Radoff, entrepreneur, author and game designer, breaks it down logically and thoroughly in Measuring the Metaverse. He moves up the value chain from infrastructure at the bottom to experience at the top, stopping at human interface, decentralization, spatial computing, creator economy, and discovery along the way.

A common framework is necessary in Radoff’s view of the metaverse. He writes, “And while there will be many proprietary (and very fun) theme parks in the metaverse, I’m even more excited by the opportunity in the Switzerlands: a metaverse powered by a robust creator-economy enabled through decentralization.”

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Feb 17, 2022

Flippy the Fast Food Robot Just Got Hired in 100 Restaurants

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

Before the pandemic started (ah, those glorious days…) a collective panic was mounting over automation and robots gradually replacing workers in various fields, or “stealing our jobs,” as the common refrain went. These worries haven’t subsided two years later, but they’re being countered by severe and largely unexpected labor shortages across multiple sectors of the economy. One of the industries that’s struggling most is restaurants. While we may still encounter automation-related unemployment problems down the road, right now it seems robots are lending a much-needed hand in food service.

One of these robots is none other than Flippy, initially debuted in 2017 to flip burgers at a California fast food chain. Since then Miso Robotics, Flippy’s maker, has expanded the bot’s capabilities, creating a version that can cook chicken wings, fries, and other greasy delights. This week also brought a significant expansion to Flippy’s presence as White Castle announced plans to install the robot at more than 100 restaurants this year.

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Feb 16, 2022

New report argues for ownership of the Moon

Posted by in categories: economics, space travel

The Adam Smith Institute (ASI), a neoliberal think tank based in London, UK, has published a new report on property rights in space. It suggests dividing the Moon into regions and privatising it, which the institute believes could help end global poverty.

Space Invaders: Property Rights on the Moon, by economic consultant Rebecca Lowe, argues that creating a clear system of property rights in space could empower all of humanity with a greater stake in space exploration, as well as accelerating scientific discovery.

The Outer Space Treaty of 1967 – of which 111 countries are party to, including all major spacefaring powers – states that space is the “province of all mankind” and shall be freely explored and used by all nations. It precludes any country from claiming sovereignty over outer space or any celestial body, regardless of what national flags are planted on its surface.

Feb 9, 2022

Walmart invests in vertical farming

Posted by in categories: economics, food, sustainability

In its Series E financing round, Plenty Unlimited secured $400 million – the largest investment to date for an indoor farming company. In addition to Walmart and existing investor SoftBank, new partners One Madison Group and JS Capital also participated in the round.

Plenty Unlimited will use this funding to support its growth strategy, including leveraging its technology platform to sell multi-crop farms directly to partners.

“The indoor farming sector is at an exciting inflection point, poised to reach its full potential as a new asset class that addresses the significant need to provide access to fresh, nutritious food year-round, even in geographies where traditional farming is difficult,” said Omar Asali, Chairman and CEO of One Madison Group. “Plenty has truly ‘cracked the code’ on the technology and economics of indoor farming. It has developed an innovative and scalable model that can deliver fresh, sustainable produce to retailers, growers and governments anywhere in the world.”

Feb 7, 2022

Keren Haruvi — President, Sandoz US, Head Of North America — Global Generic Medicine Access For All

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

Pioneering global generic medicine access to improve and extend people’s lives — keren haruvi snir-president, sandoz US, head of north america.


Keren Haruvi is President of Sandoz US and Head of their North America business (https://www.novartis.us/about-us/our-leadership/us-country-l…n-haruvi).

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Feb 6, 2022

Crime and NFTs: Chainalysis Detects Significant Wash Trading and Some Money Laundering In this Emerging Asset Class

Posted by in categories: blockchains, economics

Feb 5, 2022

Massive Methane Emissions by the Oil & Gas Industry Detected from Satellite, Space

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

An international study involving researchers from CNRS and CEA as well as the company Kayrros reveals hundreds of major methane leaks linked to the global exploitation of oil and gas. Scientists show that their mitigation would lead to climatic and economic benefits amounting to billions of dollars for the main hydrocarbon producing countries. This work is published on February 4, 2022 in the journal Science.

Original press release published on CEA.

A major contributor to climate change, methane (CH 4) has a warming potential over 100 years approximately 30 times greater than that of CO 2. A quarter of anthropogenic emissions of this greenhouse gas come from the global exploitation of coal, oil and natural gas, of which CH4 is the main component. In 2018, a study had already exposed, based on the case of the United States, the vast underestimation in official inventories of emissions related to the extraction and distribution of oil and gas. A discrepancy which could be explained by sporadic undeclared releases of large quantities of methane by operators in the sector.

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Feb 4, 2022

Experts test technical research for a hypothetical central bank digital currency

Posted by in categories: cryptocurrencies, economics, finance

In collaboration with a team at the Federal Reserve Bank of Boston, MIT experts have begun designing and testing technical research through which further examination of a Central Bank Digital Currency (CBDC) can be performed in the U.S.

The effort, known as Project Hamilton, is in an exploratory phase, and the research is not intended as a pilot or for public deployment. Instead, the researchers have explored two different approaches that could be used to process transactions, and thus could indicate the technical feasibility of a potential CBDC model. In a process involving significant design flexibility, the MIT group tested factors such as the volume and speed of transactions, and the resilience of the systems in general, among other requirements for a viable digital .

“The core of what we built is a high-speed processor for a centralized digital currency, to demonstrate the throughput, latency, and resilience of a system that could support a payment economy at the scale of the United States,” says Neha Narula, director of MIT’s Digital Currency Initiative and a research scientist at the MIT Media Lab, who led the effort with the Boston Fed. “It is important to note that this project is not a comment on whether or not the U.S. should issue a CBDC—but work like this is vital to help determine the answer to that question. This project serves as a platform for creating and comparing more viable designs, and provides a place to experiment and collaborate on more advanced digital currency functionality.”

Feb 3, 2022

International Space Station to crash down to Earth in 2031

Posted by in categories: economics, space

NASA said it hoped to create a “robust, American-led commercial economy in low-Earth orbit”.


NASA says the ISS will operate until 2030 before the agency hands over to commercial companies.

Feb 3, 2022

India says it will launch digital rupee as soon as this year

Posted by in category: economics

It is the latest major economy to announce its own virtual currency, as China trials the digital yuan.

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