Archive for the 'Economy' Category

Next Page »

Quantum Computing Is the Next Big Security Risk

December 9th, 2017

Disclosure: I have invested in technology related to quantum computing. — Via: Wired: The consequences of mastering quantum computing, while not as visual or visceral as a mushroom cloud, are no less significant than those faced by the scientists who lit up the New Mexico sky with the detonation at the Trinity test site 72 […]

America’s Farmers Killing Themselves in Record Numbers

December 8th, 2017

Via: Guardian: Last year, a study by the Centers for Disease Control and Prevention (CDC) found that people working in agriculture – including farmers, farm laborers, ranchers, fishers, and lumber harvesters – take their lives at a rate higher than any other occupation. The data suggested that the suicide rate for agricultural workers in 17 […]

General Electric to Cut 12,000 Jobs in Power Business Revamp

December 7th, 2017

Via: Reuters: General Electric Co (GE.N) is axing 12,000 jobs at its global power business, the struggling industrial conglomerate’s latest effort to shrink itself into a more focused company. The U.S. company launched the cuts to save $1 billion in 2018, saying it expected dwindling demand for fossil fuel power plants to continue. “Traditional power […]

Living in Cars, Working for Amazon: Meet America’s New Nomads

December 3rd, 2017

Via: Guardian: Millions of Americans are wrestling with the impossibility of a traditional middle-class existence. In homes across the country, kitchen tables are strewn with unpaid bills. Lights burn late into the night. The same calculations get performed again and again, through exhaustion and sometimes tears. Wages minus grocery receipts. Minus medical bills. Minus credit […]

Robots Are Coming for Jobs of as Many as 800 Million Worldwide

November 29th, 2017

Via: Bloomberg: As many as 800 million workers worldwide may lose their jobs to robots and automation by 2030, equivalent to more than a fifth of today’s global labor force. That’s according to a new report covering 46 nations and more than 800 occupations by the research arm of McKinsey & Co. The consulting company […]

Bitcoin Hits US$10,000

November 28th, 2017

Update: Bitcoin Hits US$11,000 — Bitfinex print at US$10,053. Via: Bloomberg: Bitcoin surpassed $10,000 for the first time, bringing this year’s price surge to more than 10-fold even as warnings multiply that the largest digital currency is an asset bubble. The euphoria is bringing to the mainstream what was once considered the providence of computer […]

Accounting Error: Pentagon Likely to Acknowledge 2,000 U.S. Troops in Syria

November 24th, 2017

I’m so confident that the accurate number is going to be reported now. haha Via: Reuters: The Pentagon is likely to announce in the coming days that there are about 2,000 U.S. troops in Syria, two U.S. officials said on Friday, as the military acknowledges that an accounting system for troops has under-reported the size […]

Facial Recognition Is Tracking Customers as They Shop in Stores

November 24th, 2017

Via: CNBC: Retailers are using facial recognition to collect data about customers as they shop in stores, according to an IT company with insight into the space. “One of the big things brick-and-mortar retailers are getting into now is knowing their customers … tracking who’s entering their mall and how they’re behaving,” said Mark Lunt, […]

Tesla Completes Construction of 129 Megawatt Hour Battery

November 23rd, 2017

Via: Independent: Tesla Inc has completed construction of the world’s largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday. Tesla won a bid in July to build the 129 megawatt hour battery for South Australia, the […]

Ethereum Now Handles More Transactions Than All Digital Currencies Combined

November 23rd, 2017

I’ve added an Ethereum address to the Support page, for anyone who wants to help out Cryptogon with Ethereum. And thanks to the people who sent Bitcoin, Bitcoin Cash and regular currency contributions recently. Via: Trusted Nodes: Ethereum, the barely two years old digital currency, now processes more transactions than all other digital currencies combined, […]

Next Page »