Archive for the 'Economy' Category
Recovery: More Americans Identify Themselves as ‘Lower Class’
September 15th, 2013Via: Los Angeles Times: Roquemore is among the small but surging share of Americans who identify themselves as “lower class.” Last year, a record 8.4% of Americans put themselves in that category — more than at any other time in the four decades that the question has been asked on the General Social Survey, a […]
Global Credit Situation Worse than Pre-Lehman
September 15th, 2013Via: Telegraph: Extreme forms of credit excess across the world have reached or surpassed levels seen shortly before the Lehman crisis five years ago, the Bank for International Settlements has warned. Extreme forms of credit excess across the world have reached or surpassed levels seen shortly before the Lehman crisis five years ago, the Bank […]
Oxford Researchers Say 45 Percent of America’s Occupations Will be Automated Within the Next 20 Years
September 15th, 2013Via: MIT Technology Review: Rapid advances in technology have long represented a serious potential threat to many jobs ordinarily performed by people. A recent report (which is not online, but summarized here) from the Oxford Martin School’s Programme on the Impacts of Future Technology attempts to quantify the extent of that threat. It concludes that […]
Cambridge University Doomers
September 13th, 2013Via: Independent: Some of Britain’s finest minds are drawing up a “doomsday list” of catastrophic events that could devastate the world, pose a threat to civilisation and might even lead to the extinction of the human species. Leading scholars have established a centre for the study of “existential risk” which aims to present politicians and […]
Beeban Kidron: We Need to Talk About Teenagers and the Internet
September 12th, 2013Grim. Via: Guardian: There is a new world order and our children are carrying it around in their pockets.
Alleged Brooklyn Heroin Dealers Careful To Observe Shabbat
September 11th, 2013Via: Gothamist: The NYPD’s narcotics team announced today that it busted a group of allegedly observant Sheepshead Bay drug dealers, a ring that dealt its wares—which included heroin, oxycodone, cocaine and more—in accordance with Shabbat. The six-month sting—dubbed “Only after Sundown”—resulted in the April arrest of five men, with the indictment handed down today. Among […]
Best Times for the 1 Percent Since 1920s
September 11th, 2013Via: AP: The gulf between the richest 1 percent and the rest of America is the widest it’s been since the Roaring ’20s. The very wealthiest Americans earned more than 19 percent of the country’s household income last year — their biggest share since 1928, the year before the stock market crash. And the top […]
Recovery: Poverty in N.J. Reaches 52-Year High
September 8th, 2013Via: Star Ledger: Poverty in New Jersey continued to grow even as the national recession lifted, reaching a 52-year high in 2011, according to a report released today. The annual survey by Legal Services of New Jersey found 24.7 percent of the state’s population — 2.1 million residents — was considered poor in 2011. That’s […]
Recovery: Americans Are Participating in the Workforce at the Lowest Level in 35 Years
September 7th, 2013Via: Washington Post: Americans are participating in the workforce at the lowest level in 35 years, according to government data released Friday, as lackluster job growth fails to offset the droves of people who have given up looking for work. According to the Labor Department, the economy added a disappointing 169,000 jobs in August. In […]
16 Major Firms May Have Received Early Data From Thomson Reuters
September 6th, 2013Via: Rolling Stone: Readers may recall an ugly story that broke earlier this summer, when New York State Attorney General Eric Schneiderman rebuked the news/business information firm Thomson Reuters for selling access to key economic survey data two seconds early to high-frequency algorithmic traders. The story strongly suggested that some Thomson Reuters customers were using […]
