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Archive for the ‘economics’ category: Page 179

Jan 4, 2017

Indian government to endorse universal basic income ‘as way forward’, says leading UBI advocate

Posted by in categories: economics, government

India is going to endorse a Universal Basic Income (UBI), according to a leading advocate of the system.

The world’s largest democracy will release a report in January stating that UBI is “basically the way forward,” according to Professor Guy Standing, who has worked on universal income pilot projects in India.

If implemented, India would join Finland in providing free money to citizens.

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Jan 3, 2017

What happens if we pay everyone just to live?

Posted by in category: economics

Think universal basic income is a pipe dream? Experiments all over the world are already showing its potential to transform society for the better.

Leader: “Why you should worry about intelligent machines

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Jan 3, 2017

Can Bitcoin Flourish with a Capped Supply?

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

The answer may be counter-intuitive: Not only can Bitcoin be widely adopted under a supply cap, its trust and integrity are a direct result of a provably limited supply. As a result, it will flourish because it is capped.

Everyone Can Own and Trade a Limited Commodity, IF…

…if it is both measurable and divisible. Bitcoin has a capped supply just as gold has a capped supply. Although both assets will be mined for some time into the future, there is only so much that will ever be uncovered. Thereafter, the total pie cannot grow.

But the transaction units will continue to grow as needed, because the pie is divisible into very, very tiny units:

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Jan 2, 2017

Is the Danube Civilization script the oldest writing in the world?

Posted by in categories: economics, habitats

https://www.youtube.com/watch?v=3qJbdVynGmg

Older than Sumerian script? The Danube Valley civilization is one of the oldest civilizations known in Europe. It existed from between 5,500 and 3,500 BC in the Balkans and covered a vast area, in what is now Northern Greece to Slovakia (South to North), and Croatia to Romania (West to East).

During the height of the Danube Valley civilization, it played an important role in south-eastern Europe through the development of copper tools, a writing system, advanced architecture, including two storey houses, and the construction of furniture, such as chairs and tables, all of which occurred while most of Europe was in the middle of the Stone Age. They developed skills such as spinning, weaving, leather processing, clothes manufacturing, and manipulated wood, clay and stone and they invented the wheel. They had an economic, religious and social structure.

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Jan 1, 2017

Universal basic income trials being considered in Scotland

Posted by in category: economics

Two councils, Fife and Glasgow, are investigating idea of offering everyone a fixed income regardless of earnings.

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Dec 26, 2016

DARPA races offer model for government-industry relations

Posted by in categories: economics, energy, government, transportation

The relationship between the government and the auto industry is about to be transformed. But into what?

Eight years ago, that relationship hardly could have been more awkward. Two of the Detroit 3 were begging Congress for a lifeline. The federal government would later fire General Motors’ CEO, orchestrate a bankruptcy of GM and Chrysler and emerge as a shareholder in both — a highly un-American arrangement that would lead to a successful recovery, yes, but also lingering tensions and shame.

The relationship is different now, but it’s not necessarily better. The Obama administration shed the stake in the car companies but has wrapped its tentacles more tightly around the industry in many ways, including strict consent decrees to monitor safety and tough targets for fuel economy and greenhouse gas emissions.

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Dec 25, 2016

China’s stringent cyber security law; Technological and human rights implications for the world

Posted by in categories: business, cybercrime/malcode, economics, internet, law, military, space

Hmmm.


Technological and human rights implications for the world

China adopted the highly controversial cyber security law on 7th November 2016. The legislation which will take effect in June 2017 was passed by its largely rubber – stamp parliament emphasizing the ‘objective need’ of China as a major internet power. The stated objective of the law is to counter the growing threats such as hacking and terrorism. Overseas critics of the law are not amused as it has already triggered concerns among foreign business and rights groups that the law threatens to shut foreign technology companies out of various sectors which China deems as ‘critical’. The legislation also incorporates contentious requirements for security reviews and for data to be stored on servers in China.

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Dec 23, 2016

Will We Need Money In The Future?

Posted by in categories: economics, futurism

Is our technology bringing us closer to the “Star Trek” vision of a world that isn’t driven by wealth?

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Dec 22, 2016

Advanced Tissue Biofabrication (ATB) Manufacturing USA Institute Will Focus on 3D Bioprinting Among Other Biofabrication Technologies

Posted by in categories: 3D printing, bioprinting, economics, government, security

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There’s really no sector in the United States (or much of the world) that has been untouched by the development of advanced manufacturing technologies – and no one seems to be underestimating the importance of the further development of those technologies in order to keep the country competitive. To that end, in 2014 the government established the National Network for Manufacturing Innovation (NNMI), more commonly known as Manufacturing USA.

The program brought together the industrial, academic, nonprofit and governmental sectors to establish a network of advanced manufacturing institutes for the purpose of accelerating new manufacturing technologies. President Obama proposed that the network grow to 45 institutes over the course of 10 years, and as of today, 12 have been established. The 12th, which was just announced by the Department of Defense, will be the Advanced Tissue Biofabrication (ATB) Manufacturing USA Institute, and will be led by the Advanced Regenerative Manufacturing Institute (ARMI), based in Manchester, New Hampshire.

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Dec 21, 2016

AI could boost productivity but increase wealth inequality, White House says

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

Artificial intelligence (AI) technology has the potential to boost productivity but increase wealth inequality and wipe out millions of jobs, a research report by the White House claimed on Tuesday. With an increasing number of industries set to be affected by automation technology in the coming years, jobs could be displaced — a fear that has been voiced by academics and business leaders. Auto companies are developing driverless cars, and factories are seeing an increased use of robotics.

Because AI is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of AI will be felt unevenly through the economy. Some tasks will be more easily automated than others, and some jobs will be affected more than others — both negatively and positively.

Researchers around the world have given varying estimates about the size of potential job losses. One recent estimate by Forrester suggests 6 percent of jobs in the next five years could be wiped out thanks to AI. The White House report cites a 2013 study from Oxford University suggesting that 47 percent of U.S. jobs are at risk because of AI. The report suggests that lower-skilled and less-educated workers could feel the heat the most. Overall, the White House report advocates a three-pronged approach to preparing for a future remade by AI that includes investing in AI for its benefits, training Americans for the jobs of the future and helping workers make the transition to new positions.

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