Archive for the 'Economy' Category
Tesla Model S Gains Autopilot
October 10th, 2014Via: cNet: …Tesla Motors CEO Elon Musk announced at an event in Los Angeles that every car manufactured over the last two weeks comes with new sensor hardware to enable what he calls Autopilot capabilities. … The Autopilot hardware includes forward-looking radar and camera, combined with all-around long-range ultrasonic sensors. A software update being sent […]
UW Fusion Reactor Concept Could Be Cheaper Than Coal
October 8th, 2014Via: University of Washington: Fusion energy almost sounds too good to be true – zero greenhouse gas emissions, no long-lived radioactive waste, a nearly unlimited fuel supply. Perhaps the biggest roadblock to adopting fusion energy is that the economics haven’t penciled out. Fusion power designs aren’t cheap enough to outperform systems that use fossil fuels […]
China Overtook U.S. as World’s Largest Economy
October 8th, 2014Via: Business Insider: Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us back in April this year that it was all about to happen. Basically, the method used by the IMF […]
Gartner: One in Three Jobs Will be Taken by Software or Robots by 2025
October 7th, 2014Wired: Training the software that will replace you. Tired: Training the Indian worker who will replace you. Expired: Stable jobs with decent pay. Via: Computerworld: “The shift is from doing to implementing, so the doers go away but someone still has to implement,” said Strohmaier. IT is a shift, although a slow one, to new […]
Solar Power On Track to Be World’s Largest Electricity Source by 2050, Reduce Power Company Profits
October 6th, 2014Disclosure: I sell solar power systems for solarking.co.nz. Via: Computerworld: The sun could be the world’s leading electricity source by mid-century with the amount of new photovoltaic (PV) panel installations soaring at 100MW daily, according to a pair of new reports. The reports, issued by the International Energy Agency (IEA), stated that by 2050, PV […]
JPMorgan Hack Exposed Data of 83 Million Households and Small Businesses, Among Biggest Breaches in History
October 2nd, 2014Via: Reuters: Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of the biggest data breaches in history. The bank revealed the scope of the previously disclosed […]
Russia Reportedly Considering Capital Controls
October 1st, 2014Bloomberg rumors. Maybe something, maybe nothing. However, about a month ago, I suggested the following to a family member with a Russian girlfriend: “I’d seriously consider getting her and her money out of there ASAP. You wouldn’t want her to be in Putin-Land or holding Putin-Bucks if this thing gets any worse.” Via: Bloomberg: Now […]
Meet the Prison Bankers Who Profit From the Inmates
October 1st, 2014Even by Cryptogon standards, this one is shocking. Via: Time: JPay and other prison bankers collect tens of millions of dollars every year from inmates’ families in fees for basic financial services. To make payments, some forego medical care, skip utility bills and limit contact with their imprisoned relatives, the Center for Public Integrity found […]
One-Fifth of U.S. Workers Were Laid Off in Past Five Years
September 30th, 2014Remember the green shoots? Via: Los Angeles Times: One in five U.S. workers was laid off in the past five years and about 22% of those who lost their jobs still haven’t found another one, according to a new survey that showed the extent Americans have struggled in the sluggish labor market since the Great […]
Mystery Man Who Moves Japanese Markets Made More Than 1 Million Trades
September 28th, 2014This is an entertaining piece about a Japanese daytrader who goes by the alias CIS. Via: Bloomberg: Betting on rebounds was dangerous, but he’d watched SoftBank lose a fifth of its value over nine days, and a drop in U.S. markets overnight had driven the shares even lower. The odds were tilting further in favor […]
