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Category: economics – Page 199

Will Democracy Survive Big Data and Artificial Intelligence?

One thing is clear: the way in which we organize the economy and society will change fundamentally. We are experiencing the largest transformation since the end of the Second World War; after the automation of production and the creation of self-driving cars the automation of society is next. With this, society is at a crossroads, which promises great opportunities, but also considerable risks. If we take the wrong decisions it could threaten our greatest historical achievements.

We are in the middle of a technological upheaval that will transform the way society is organized. We must make the right decisions now.

Mechanical engineers leading effort to detect defects that reduce efficiency

Gets too advanced for me, but still interesting.

As the world transitions to a low-carbon energy future, near-term, large-scale deployment of solar power will be critical to mitigating climate change by midcentury. Climate scientists estimate that the world will need 10 terawatts (TW) or more of solar power by 2030—at least 50 times the level deployed today. At the MIT Photovoltaics Research Laboratory (PVLab), teams are working both to define what’s needed to get there and to help make it happen. “Our job is to figure out how to reach a minimum of 10 TW in an economically and environmentally sustainable way through technology innovation,” says Tonio Buonassisi, associate professor of mechanical engineering and lab director.

Their analyses outline a daunting challenge. First they calculated the growth rate of solar required to achieve 10 TW by 2030 and the minimum sustainable price that would elicit that growth without help from subsidies. Current technology is clearly not up to the task. “It would take between $1 trillion and $4 trillion of additional debt to just push current technology into the marketplace to do the job, and that’d be hard,” says Buonassisi. So what needs to change?

Using models that combine technological and economic variables, the researchers determined that three changes are required: reduce the cost of modules by 50 percent, increase the conversion efficiency of modules (the fraction of solar energy they convert into electricity) by 50 percent, and decrease the cost of building new factories by 70 percent. Getting all of that to happen quickly enough—within five years—will require near-term policies to incentivize deployment plus a major push on technological innovation to reduce costs so that government support can decrease over time.

Financial Leaders: Make Your Mark on the Future at Exponential Finance

From digital currency to machine learning, the financial industry is being rocked by exponential technologies. Blockchain, artificial intelligence, big data, robotics, quantum computing, crowdfunding, and computing systems are allowing startups to solve consumer needs in new ways.

The downfall of the world’s largest institutions may not be imminent, but these new technologies are breaking up the previously rock solid foundation of finance, and allowing the fintech world to spring through the cracks. What’s happening now will rewrite the future of finance for years to come. By recognizing this reality and planning for it now, financial professionals can learn to thrive in an increasingly uncertain global economy.

Garmin engineer shot and killed in Kansas

My apologies ahead of time everyone. LifeBoat is about awareness, discovery, history, social and economics and healthcare. And, I never ever post social situations on our site; however, I must raise this as it is all about humanity, being civilized, showing empathy, and respecting each other for, our passions in tech, science, medicine, etc., and simply for being humans with empathy.

Yesterday, I saw a disgusting report on how an innocent husband and wife who are US citizens and of Pakistan descent where verbally attacked by a horrible man on a flight to Houston, TX.

And, Wednesday a fellow techie lost his life in Kansas for being of Indian descent and his features. The person who shot and killed the young man didn’t even know if the engineer was born in the USA, or immigrated here or a citizen, etc. He just killed him as he verbally attacked him.

Melinda and Bill Gates’s Letter to Warren Buffett Reveals the One Thing Successful People Value Most

Bill and Melinda Gates say “the future will surprise the pessimists.”

They discovered childhood mortality is a symptom of other issues

Children’s deaths are often a result of lack of birth control, gender inequality, and poor women’s health. Melinda wrote, “Virtually all advances in society—nutrition, education, access to contraceptives, gender equity, economic growth—show up as gains in the childhood mortality chart, and every gain in this chart shows up in gains for society.”

Bill added, “When women in developing countries space their births by at least three years, their babies are almost twice as likely to reach their first birthday. Over time, the ability of women to use contraceptives and space their pregnancies will become one of the largest contributors in cutting childhood deaths.” In fact, the Gates Foundation reports “no country in the last 50 years has emerged from poverty without expanding access to contraceptives.”

This California gubernatorial candidate wants state-funded ‘universal basic income’ for everyone

The Los Angeles Times covered my libertarian campaign for CA governor. I do still support a libertarian version of a basic income due to coming automation—and the fact it will swallow welfare and other government programs, essentially reducing the size of government while distributing money to all residents.

Essential Politics: Lawmaker says California needs an estate tax if the federal version is scrapped, Sanders thanks supporters in Los Angeles

This is Essential Politics, our daily look at California political and government news. Here’s what we’re watching right now:

Jose Canseco says humans need to crush the robot uprising

It’s all fun and games, until Jose Canseco becomes the leader of the anti robot/AI resistance.

Jose Canseco is all juiced up about robots and their existential threat to humanity.

The steroid-tainted former slugger took a few Twitter swings at the human race’s blatant disregard of the current droid danger that is bringing the world toward an economic catastrophe.

“The robot threat is being taken to (sic) lightly,” Canseco began on Monday.

Robots poised to take over wide range of military jobs

The wave of automation that swept away tens of thousands of American manufacturing and office jobs during the past two decades is now washing over the armed forces, putting both rear-echelon and front-line positions in jeopardy.

“Just as in the civilian economy, automation will likely have a big impact on military organizations in logistics and manufacturing,” said Michael Horowitz, a University of Pennsylvania professor and one of the globe’s foremost experts on weaponized robots.

Sweden is Slowly Becoming a Cashless Society

Sweden is beginning to look at doing away with physical money in favor of a completely digital currency given that the amount of hard cash and coin in circulation has already decreased by 40 percent. While Sweden’s economy is better equipped to handle such a change, other countries do not share the same ability in infrastructure, and many would be resistant to the increased transparency of digital currency.

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