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Archive for the ‘economics’ category: Page 106

Oct 2, 2019

‘The next era of human progress’: what lies behind the global new cities epidemic?

Posted by in categories: business, economics, energy, government, sustainability, transportation

This new breed of city takes various different forms, from government initiatives, to public-private partnerships, to entirely private enterprises. Many are being used to jump-start economies in the developing world, with masterplans carefully calibrated to attract foreign investors and treasuries looking to sink their funds into something concrete. They provide a powerful means for wealthy countries to expand their strategic influence abroad, with the construction of new cities acting as a form of “debt-trap diplomacy”, tying host nations into impossibly burdensome deals. They are billed as a panacea for the world’s urban ills, solving overcrowding, congestion and pollution; yet, more often than not, they turn out to be catalysts for land dispossession, environmental degradation and social inequality.


The feature Kim enjoys most is a small touchscreen display on his kitchen wall that allows him to keep track of his and his wife’s consumption of electricity, water and gas and, most important, compare it against the average statistics for the building. Flicking between the screens of bar charts and graphs, a broad grin spreads across his face: for yet another day running, they are more energy-efficient than all their neighbours.

From their living room window at the top of one of the city’s new residential towers, a panorama of downtown Songdo unfolds. Across an eight-lane highway lies Central Park, a broad swath of trees surrounding an ornamental lake, flanked by rows of glass towers with vaguely jaunty silhouettes. Armies of identikit concrete apartment blocks march into the hazy distance beyond, terminating at a Jack Nicklaus-designed golf course. It looks a lot like many other modern Asian cities, a place of generic towers rising above a car-dominated grid. Public life is mostly confined to the air-conditioned environments of malls and private leisure clubs.

Continue reading “‘The next era of human progress’: what lies behind the global new cities epidemic?” »

Oct 1, 2019

Here’s how blockchain could stop corrupt officials from stealing school lunches

Posted by in categories: bitcoin, computing, economics, governance, security

The World Economic Forum has partnered with the Inter-American Development Bank and the Colombian Inspector General’s Office to explore how distributed ledger technology can improve public transparency and integrity in school meal procurement.

The project, which is taking place this year, is multi-faceted and includes a software implementation with blockchain technology for the selection of school food vendors. It is co-designed with several partners from academia, the IT industry, and the non-profit world, including economists and computer scientists from the blockchain economics and governance consulting firm Prysm Group, the National University of Colombia, U.C. Berkeley, and the blockchain security firm Quantstamp.

Sep 27, 2019

Nobel laureates join call for European Commission to reinstate top science post

Posted by in categories: economics, education, physics, science

More than 9000 scientists, including Andre Geim, Carlo Rubbia and eight other Nobel-prize-winning physicists, have signed a letter calling on the European Commission (EC) to reinstate a dedicated commissioner for education and research. The letter claims that that an out-and-out role for education and research is necessary to create a sound basis for innovation in Europe.

News of the apparent sidelining of science emerged when Ursula von der Leyen, the EC’s president-elect, presented her team and the new structure of the next European Commission on 10 September. It included her candidates for the new set of 18 commissioners, but the plan no longer included a commissioner that explicitly represents education and research.

These areas are instead expected to be covered by the commissioner for innovation and youth – the nominee for which is Mariya Gabriel, who is the current commissioner for digital economy and society. In the new set-up, the innovation and youth role appears to be a merger between the current directorate for research, science and innovation with that for education, culture, youth and sport.

Sep 19, 2019

China will overtake the U.S. as world’s top economy in 2020, says Standard Chartered Bank

Posted by in category: economics

The report also predicts India’s economy will surpass the U.S. by 2030.

Sep 18, 2019

Johannon Ben-Zion, U.S. Transhumanist Party presidential candidate 2020 — Futurist New Deal — ideaXme — Ira Pastor

Posted by in categories: aging, biotech/medical, business, cryonics, cryptocurrencies, economics, finance, geopolitics, governance, government, health, transhumanism

Sep 15, 2019

Artificial Intelligence and India

Posted by in categories: economics, education, engineering, food, government, health, internet, robotics/AI

The competition between the United States and China on artificial intelligence is heating up recently. In the coming AI Race, can India with an abundance of engineering talent really catch up with the US and China?

Artificial Intelligence, Machine Learning, Robotics, and The Internet of Things (IoT) are one of the rapidly advancing technological developments. The rate of progress in the field of these is amazingly rapid. From SIRI to self-driving cars, artificial intelligence is changing our daily life in many ways.

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Sep 13, 2019

More than 500 Intelligence Genes Discovered

Posted by in categories: economics, education, genetics

Are humans born with “intelligence” genes, or is human intelligence determined by environmental factors, such as economic status or easy access to education?

When a team of researchers set out to answer this question, they discovered that more than 500 genes were associated with intelligence. The results, published in Nature Genetics, indicate that intelligence is much more complex than previously thought.

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Sep 13, 2019

Over Next Three Years, Employees will Need Reskilling as AI Takes Jobs

Posted by in categories: business, economics, Elon Musk, employment, robotics/AI

IBM HR Director Diane Gherson says that over the next three years, 120 million workers will need retraining as artificial intelligence continues to take jobs.

Artificial intelligence is obviously ready to get started. Over the next three years, about 120 million workers from the 12 largest economies in the world may need to undergo retraining due to advances in artificial intelligence and intelligent automation, according to a study published on Friday by the IBM Institute of Business Value. However, less than half of the CEOs surveyed by IBM said they had the resources needed to bridge the skills gap caused by these new technologies.

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Sep 11, 2019

This startup is outsourcing production to space

Posted by in categories: economics, space

This aptly named startup is eyeing extraterrestrial outsourcing.

Made in Space has plans to produce ZBLAN wire on the International Space Station and have it shipped back to Earth for humans to use, reports Wired.

Both Made in Space CEO Andrew Rush and NASA (currently the company’s primary investor and customer) hope this could be the start of the “low-Earth orbit economy,” per Wired.

Sep 11, 2019

The key question for the new economy: who owns the data?

Posted by in category: economics

The essence of the issue is property rights, which now extend to rights over individuals’ personal data. Traditionally, property rights referred to control of tangible assets, such as gold or oil, or control of intangible assets like patents and copyrights. In the digital era, technology can create huge amounts of intangible assets from individuals’ data without their knowledge. How the data is used could bring not only great benefits but also, potentially, great harm. This raises a crucial question: who has the right to control over these new assets?


Recognising and protecting property rights to each individual’s data or all individuals’ data is vital to determining the fate of the new economy.