Lifeboat Foundation

But even though money is necessary, it’s not sufficient to provide human beings a sense of satisfaction, Obama cautioned. As more and more tasks and services become automated with the rise of artificial intelligence, “that’s going to make the job of giving everybody work that is meaningful tougher, and we’re going to have to be more imaginative, and the pace of change is going to require us to do more fundamental re-imagining of our social and political arrangements, to protect the economic security and the dignity that comes with a job.”

The former president says “we’re going to have to consider new ways of thinking” as technology threatens current labor markets.

New research measuring the importance of religion in 109 countries spanning the entire 20th century has reignited an age-old debate around the link between secularisation and economic growth. The study, published in Science Advances, has shown that a decline in religion influences a country’s future…

Watersheds channel water from streams to oceans, and more than $450 billion in food, manufactured goods and other economic factors depend on them, according to the Environmental Protection Agency. Watersheds also are crucial to the health of surrounding ecosystems and communities. Now, researchers from the University of Missouri have found that climatic changes and urban development, when working in tandem, could have profound effects on watersheds by midcentury.

“In some cases, the effects of urban development and climatic changes on hydrologic conditions can be intensified when both stressors are considered,” said Michael Sunde, a researcher in MU’s School of Natural Resources. “In spring, for example, we found that both factors could increase runoff, which, in turn, can send more pollutants into streams, increase erosion and cause more serious flooding.”

Sunde (pronounced “Soond”) and his colleagues used several models, including land cover change, hydrologic and climate model projections to identify potential changes in a Missouri watershed for the mid-21st century. Individually, increased urbanization and climate change were shown to have different impacts on the watershed. Researchers found that urban development is likely to increase runoff and limit the amount of water absorbed into the ground as groundwater. Evaporation of water from soil and other surfaces and consumptive water use by plants is also expected to decrease due to urbanization. Conversely, projected temperature increases and changing precipitation patterns would cause decreases to runoff and increased evaporation and plant transpiration. However, climate impacts were shown to vary widely, depending on the season and direction of precipitation changes projected by climate models.

Continue reading “Urbanization and changes to climate could pack a one-two punch for watersheds in the future, study finds” »

Don’t tell the Hatton Garden gang: scientists just unearthed an eye-watering hoard of diamonds, so valuable it would completely destroy the world’s economy.

The scientists reckon there’s a quadrillion tonnes of diamond buried in the ‘cratonic roots’ in continents.

There’s just one, tiny, catch: the treasure trove is buried 100 miles down, deeper than any drill has ever penetrated, according to MIT researchers.

Continue reading “Scientists just found £150,000,000,000,000,000,000,000,000 of diamonds on Earth” »

What we need to do, to prevent global wealth inequality and advanced technology from adding up to produce global catastrophe, is increase equitability of opportunity. We need to enable everyone in the world to have the opportunity to really play the modern global economic-social game.

AI scientist BEN GOERTZEL believes that advanced technologies will change the world and transform our species in the process — unless tragedy strikes. Here’s how we ought to save the world if it does …

My debate on #BasicIncome at the FreedomFest against Dr. Barbara Kolm, director at the Austrian Economic Center (debate moderated by syndicated columnist and scholar Veronique de Rugy) got a write-up in Nevada Current (article by journalist Jeniffer Solis). https://www.nevadacurrent.com/…/universal-basic-income-tou…/ #FFest18

Earlier this month, the Vdara Hotel & Spa added two relay robots that deliver snacks, sundries and spa products directly to guest suites. While charmingly decorated as a Golden Retriever and Dalmatian dog with Vdara-themed collars, the new robots — named Fetch and Jett — may be a sign of what’s next for Las Vegas.

In 20 years, about 65 percent of the city’s jobs could be automated, according to a study by the Institute for Spatial Economic Analysis. That projection may be an outlier – the Organization for Economic for Cooperation and Development, for instance, projects only 10 percent of U.S. jobs are vulnerable to automation.

Continue reading “Universal basic income touted as answer to automation” »

Two weeks ago Abacus examined the extent to which China lags behind the world’s advanced economies in technological innovation, and looked at Beijing’s aim of closing the gap and taking the lead in key emerging technologies.

Some techniques Beijing will use are similar to past episodes of industrial planning. Others are newer, reflecting China’s recently acquired economic strength and confidence.

By Tom Holland

Continue reading “The tools – and weapons – China can use for tech supremacy” »

“DATA SLAVERY.” Jennifer Lyn Morone, an American artist, thinks this is the state in which most people now live. To get free online services, she laments, they hand over intimate information to technology firms. “Personal data are much more valuable than you think,” she says. To highlight this sorry state of affairs, Ms Morone has resorted to what she calls “extreme capitalism”: she registered herself as a company in Delaware in an effort to exploit her personal data for financial gain. She created dossiers containing different subsets of data, which she displayed in a London gallery in 2016 and offered for sale, starting at £100 ($135). The entire collection, including her health data and social-security number, can be had for £7,000.

Only a few buyers have taken her up on this offer and she finds “the whole thing really absurd”. Yet if the job of the artist is to anticipate the Zeitgeist, Ms Morone was dead on: this year the world has discovered that something is rotten in the data economy. Since it emerged in March that Cambridge Analytica, a political consultancy, had acquired data on 87m Facebook users in underhand ways, voices calling for a rethink of the handling of online personal data have only grown louder. Even Angela Merkel, Germany’s chancellor, recently called for a price to be put on personal data, asking researchers to come up with solutions.

Bridgewater Associates’ Ray Dalio, the founder of the world’s largest hedge fund, is analyzing the social and financial viability of a widely debated program aimed at reducing the wealth inequality.

Hedge-fund manager Ray Dalio is looking at whether universal basic income can help solve wealth inequality.