Archive for the 'Economy' Category
Rapid Advances in Artificial Intelligence and Job Losses
March 4th, 2014Via: Financial Times: The impact of IT and automation on the world of work – and dire warnings about the job destruction they might cause – are as old as the technology itself. But the convergence of a number of tech trends has made the threat more immediate. As a result, 47 per cent of […]
The Derelict Mansions on Britain’s Billionaires’ Row
March 2nd, 2014Via: CNN: A third of the houses on Britain’s second most expensive street are lying vacant, many abandoned for decades and left to rot. Behind the padlocked gates and long driveways, up to 20 mansions stand empty on London’s The Bishops Avenue, despite a reported combined value of around £350 million ($582 million). Dubbed “Billionaires’ […]
Dismantling Fukushima Will Require Robotic Technology That Has Not Been Invented Yet
March 2nd, 2014Via: IEEE: “At Fukushima you have wrecked infrastructure, three melted cores, and you have some core on the floor, ex-vessel,” Barrett says. Nothing like Fukushima, he declares, has ever happened before.
$1 Trillion in Student Loan Debt, “Starting to Hurt Everyone”
March 1st, 2014Except the banks… Via: Time: Across the country, students are taking on increasingly large amounts of debt to pay for heftier education tuitions. Figures released last week by the Federal Reserve of New York show that aggregate student loans nationwide have continued to rise. At the end of 2003, American students and graduates owed just […]
Gold Fix Study Shows Signs of Decade of Bank Manipulation
March 1st, 2014Via: Bloomberg: The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. Unusual trading patterns around 3 p.m. in London, when the so-called afternoon fix is set on a private conference call between five […]
Autonomous Drones Flock Like Birds
March 1st, 2014Via: Nature: A Hungarian team has created the first drones that can fly as a coordinated flock. The researchers watched as the ten autonomous robots took to the air in a field outside Budapest, zipping through the open sky, flying in formation or even following a leader, all without any central control. The aircraft, called […]
Blood Pressure Pills ‘Raise Risk of Fatal Fall’
February 27th, 2014Warning: Nothing that appears on Cryptogon should be considered medical advice. See: Cayenne + hypertension and Vitamin C + hypertension Via: Telegraph: Millions of older people taking high-blood pressure tablets, like beta-blockers, may be doing themselves more harm than good because the pills increase the risk of fatal falls, scientists have warned. Yale University has […]
Rolls-Royce Drone Ships
February 26th, 2014Via: Bloomberg: In an age of aerial drones and driver-less cars, Rolls-Royce (RR/) Holdings Plc is designing unmanned cargo ships. Rolls-Royce’s Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, Norway, that simulates 360-degree views from a vessel’s bridge. Eventually, the London-based manufacturer of engines and turbines says, captains […]
Exxon CEO Tries to Stop Fracking Near His Land
February 26th, 2014Via: Globe and Mail: Rex Tillerson’s company may be a big player in fracking, but the chief executive of Exxon Mobil Corp. has a problem with what the related issues could mean to the value of his ranch. The chief executive officer of Exxon Mobil Corp., a major player where the controversial technique is concerned, […]
James Stuart Jr., Prominent Lincoln Banker, Found Dead
February 26th, 2014Via: Linkoln Journal Star: A successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what caused the death. A Scottsdale, Ariz., police spokesperson could not […]
