Archive for the 'Economy' Category
Commercial Drone Operations in U.S. Airspace Are Legal, Rules Federal Judge
March 7th, 2014Via: Drone Hire: The long stand-off between commercial drone operators and the FAA has just taken an extraordinary twist: A federal judge has rejected the FAA’s ban as unenforceable, ruling that commercial use of drones in the United States is unequivocally legal.
College Grads Taking Low-Wage Jobs Displace Less Educated
March 7th, 2014Via: Bloomberg: Jeanina Jenkins, a 20-year-old high-school graduate from St. Louis, is stuck in a $7.82-an-hour part-time job at McDonald’s Corp. that she calls a “last resort” because nobody would offer her anything better. Stephen O’Malley, 26, a West Virginia University graduate, wants to put his history degree to use teaching high school. What he’s […]
MIT’s Liquid Metal Batteries Could Compensate for Intermittent Nature of Renewable Energy
March 7th, 2014Via: Bloomberg: A 40-foot trailer loaded with 25 tons of liquid metals may be the solution to the renewable-energy industry’s biggest challenge: making sure electricity is available whenever it’s needed. A Boston-area startup founded by MIT researchers is working to turn this new concept into a commercially viable product, liquid-metal batteries that will store power […]
The E-Waste Disaster in Ghana
March 7th, 2014Via: Kevin McElvaney:
Satoshi Nakamoto, Creator of Bitcoin, Has “Done Classified Work for Major Corporations and the U.S. Military”
March 6th, 2014Update: Nakamoto Now Claims, “I Never Was Involved” Via: Los Angeles Times: The day started with a possible answer to one of the digital era’s greatest mysteries: Who created the bitcoin virtual currency that has become a multibillion-dollar global phenomenon? From there, with the unlikely revelation by Newsweek magazine that it might be Dorian Satoshi […]
Singapore: Young CEO of Crypto Currency Exchange Found Dead
March 5th, 2014Via: Tech in Asia: The startup community has lost one of its own. Autumn Radtke, CEO of First Meta, a Singapore-based virtual currency trading platform that also deals in bitcoin, has died last night, Tech in Asia has learned. She was 28 years old. The circumstances surrounding the death is unclear. Sources have suggested that […]
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 […]
