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Keyword: economics

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  • Top AI figures urge governments to enforce universal income

    05/22/2024 10:42:35 AM PDT · by xoxox · 22 replies
    Frontline News (AFLD) ^ | May 22, 2024 | 04:17 AM | Yudi Sherman
    Artificial intelligence scientist Geoffrey Hinton, known as the “Godfather of AI,” is urging the British government to enforce a universal basic income (UBI) to cope with the impact of AI technology. Universal basic income is a social welfare system in which the government provides every citizen with a standard minimum income. These payments are unconditional and transferred to citizens on a regular basis without any pre-qualification. The concept is in keeping with the Marxist ideal of wealth redistribution and has been proposed by socialist figures such as Sen. Bernie Sanders (I-VT). Hinton told BBC Newsnight that a universal basic income...
  • How To Destroy An Economic Giant

    05/13/2024 2:35:15 PM PDT · by Eleutheria5 · 3 replies
    Casual Scholar ^ | 1/3/24 | Casual Scholar
    – Contents of this video ---------------------------- 0:00 A Century of Underachievement 4:11 The Land of Silver 9:29 The Power Vacuum 11:16 The Pampas 14:42 As rich as an Argentine 19:30 The Decline of Liberalism 23:46 The Infamous Decade 27:20 The Rise of Populism 29:49 Isolation & Favoritism 36:31 Dynamic Stagnation 42:25 Fear, Secrecy and Sweet money 49:40 Democracy & Depression 57:33 A Nation Trapped by History
  • Biden Economics Adviser Tacitly Admits He Doesn’t Understand Economics

    05/06/2024 7:56:52 AM PDT · by SeekAndFind · 17 replies
    The Federalist ^ | 05/05/2024 | Christopher Jacobs
    While the Fed is cleaning up some of the messes it made by printing money for 15 years, people on the Left want to make those messes even worse.A recent viral video receiving millions of views online explains why millions of American families continue to struggle with “Bidenflation.” Well, perhaps “explain” is too strong a term.In the video, an excerpt from the new leftist documentary Finding the Money, Jared Bernstein, chairman of the White House Council of Economic Advisers, discusses modern monetary theory—the idea that the federal government could eliminate the national debt simply by printing money. To say Bernstein’s...
  • It is very hard to believe the government about anything, especially economic statistics

    04/11/2024 9:04:49 PM PDT · by SeekAndFind · 16 replies
    American Thinker ^ | 04/11/24 | Jack Hellner
    On Wednesday, the government put out disappointing inflation statistics that show that inflation has accelerated to four-tenths of a percent last month. But that number seems unrealistically low to me. In the numbers, bureaucrats claimed that gasoline prices only went up 1.7% last month, which would be only five cents per gallon. On the New York mercantile exchange, gasoline has risen from around $2.10 per gallon in early January to around $2.75 on March 31st; that is up 30% in three months. Crude oil has risen from around $72 at the end of the year, to $83 at the end...
  • Why some people feel good about their bank accounts but bad about the economy (Barf Alert!)

    04/08/2024 8:07:37 AM PDT · by Diana in Wisconsin · 18 replies
    Channel 3000 News/CNN ^ | April 8, 2024 | CNN Staff
    Nathan Frederiksen is doing pretty well for himself. He turns 40 this year and is on track to retire by 60. It takes some sacrifice — he drives the “unsexiest car ever,” takes a DIY approach to home repairs and doesn’t eat out much — but he’s able to save 10% of his income for retirement and maintain an emergency savings fund while supporting his wife and four children in the suburbs of Boise, Idaho. “I understand that I’ve been lucky with some of my job prospects, but I don’t make a crazy amount of money,” he told CNN. “I...
  • Try Humble, Positive Modeling, Not Neutrality. On grappling with uncertainty in the classroom.

    03/14/2024 3:58:44 AM PDT · by karpov · 2 replies
    James G. Martin Center for Academic Renewal ^ | March 13, 2024 | Robert E. Wright
    The kerfuffle over the relative merit of forcing “viewpoint neutrality” in history classrooms puzzles me. No wonder: Although an historian by Ph.D., I have taught mostly economics for almost three decades! Historians, and I daresay others teaching the human sciences, could learn much from what I call “econogogy,” specific pedagogical techniques employed by many, though by no means all, economists. Students pay tuition or incur debt to develop independent analytical-thinking skills (and to have some fun), not to learn the political opinions of professors that they could see for free on X or Facebook. Dramatic current events, from terrorist attacks...
  • Guideposts: Against the Dying of the Light, and Why It Was Almost Impossible to Make the Blue LED

    02/21/2024 5:52:39 PM PST · by ChessExpert · 19 replies
    Gilder Report and Veritasium ^ | 2/21/24 | George Gilder and Derek Muller
    Gilder Guideposts: Cacophonous are the voices decrying the implosion of “the U.S. Innovation Ecosystem,” as the Harvard Business Review puts it. Do not hope, the voices warn, to see in our future anything like the miraculous progress of the last two centuries, or even the last 50 years. It’s done. Tighten your belts. Supporting the doomsters are dozens of academic studies arguing that “big research,” whether at our great corporations or our universities, yields increasingly diminishing returns. Making headlines recently was a Nature study concluding, “We find that papers and patents are increasingly less likely to break with the past...
  • Face It: The Energy Transition Ain't Happening

    02/05/2024 5:50:18 AM PST · by MtnClimber · 26 replies
    Manhattan Contrarian ^ | 4 Feb, 2024 | Francis Menton
    If you are at all interested in matters of climate and energy, you have probably read hundreds of articles over the past few years about the inevitability of the coming energy transition. A piece of the claimed inevitability is that all good and decent people support this transition as a matter of moral urgency; but it’s not just that. Nor is it just that government backs the transition with all its coercive powers, from subsidies to mandates to regulations. No, most importantly, the transition is said to have become inevitable due to unstoppable economic forces. Wind and solar are now...
  • Dow closes above 38,000 for 1st time, setting record high

    The Dow Jones Industrial Average closed above 38,000 for the first time on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850. The tech-heavy Nasdaq inched up to 15,360 by the end of trading on Monday. The major stock indexes kicked off the year with sluggish performance but began to turn upward in the middle of last week. The recent surge follows a stellar showing for markets in 2023, driven in large part by optimism about the prospects for a "soft...
  • Demands for a Democratic Political Economy

    01/02/2024 10:36:06 AM PST · by jacknhoo · 35 replies
    Harvard Law Review ^ | November 2020 | AMNA A. AKBAR
    Introduction We are living in a time of grassroots demands to transform our built environment and our relationships with one another and the earth.2 To abolish prisons and police, rent, debt, borders, and billionaires.3 To decommodify housing and healthcare and to decolonize land.4 To exercise more collective ownership over our collectively generated wealth.5 Some of us are reimagining the state. Others are dreaming of moving beyond it.6 But these are more than dreams. These are demands for a democratic political economy. These demands increased in volume this year as the violence of policing continued, the fires burned in California and...
  • Chicago Mayor: ‘Dangerous’ Abbott ‘Governing out of Fear’ on Migrant ‘Crisis’ that Will ‘Crush Local Economies’

    12/30/2023 7:01:50 PM PST · by ChicagoConservative27 · 45 replies
    Breitbart ^ | 12/30/2023 | Ian hatchett
    On Friday’s “CNN This Morning,” Chicago Mayor Brandon Johnson stated that local economies are going to be crushed by the migrant “crisis” and that Texas Gov. Greg Abbott (R) is “governing out of fear.” Johnson said, “[W]e have infrastructure in our local communities that [is] not designed to carry such a burden. Local municipalities are not structured to be able to carry the weight of a crisis like this. And I’ve sent a delegation to the border to see firsthand what our bordering cities are experiencing, and what we have said repeatedly is that there has to be better coordination....
  • Di Leo: Telling the Truth in 2024

    12/29/2023 11:27:15 AM PST · by jfd1776 · 1 replies
    Illinois Review ^ | December 29, AD 2023 | John F. Di Leo
    As we look ahead to another year – and another presidential election, and another international Olympics, and all the other disparate opportunities for confusion that come with a new year in the modern world – it might be a pipe dream, but we should try to demand a return to honesty from our public figures. We can’t demand easy, painless answers; too many of the problems they’ve made for us will be painful to fix, no matter what course we take. But surely we can demand honesty, at least about the big picture. CARBON DIOXIDE One of the biggest lies...
  • The Cross and the Machine

    12/28/2023 4:03:18 PM PST · by Twotone · 2 replies
    TheFreePress.com ^ | December 25, 2023 | Paul Kingsnorth
    We must have been fifteen or sixteen when we discovered the church visitor’s book. It was an old church, maybe medieval, and I would pass it with my school friends on our way to the town center. I’m not sure what possessed us to go in; it might have been my idea. I’ve always loved old churches. For a long time, I would tell myself that I liked the sense of history or the architecture, which was true as far as it went. Like the narrator in Philip Larkin’s poem “Church Going,” I would venture into any church I found,...
  • Economist predicts 'deflation is coming,' which will cause the Fed to 'scramble'

    12/24/2023 7:55:50 AM PST · by millenial4freedom · 42 replies
    Fox Business ^ | 12/4/2023 | Madeline Coggins
    Ahead of the December meeting, one economist argued the Federal Reserve's "dangerously high" interest rate hikes are transitory, and that the Fed will make cuts in the first quarter of next year.On "Mornings with Maria," Monday, TrendMacro CIO Donald Luskin explained his frustration with the Fed's rate hike campaign and his economic outlook."Please, please, please, can we all stop listening to Jay Powell? Please. Mr. Inflation is transitory. He is still so embarrassed about that one. He's now insisting that his dangerously high-interest rates are not transitory. Oh, they will be," Luskin said. "Inflation is collapsing and he knows it....
  • Boston considers guaranteed income program to fight poverty

    11/30/2023 6:44:51 AM PST · by millenial4freedom · 53 replies
    yahoo! news ^ | 11/29/2023 | WCVB - Boston
    The nearby cities of Cambridge and Chelsea have experimented with similar programs and supporters say it could be a boost to nearly 18% of Boston residents.
  • Elderly American arrested in Panama after gunman filmed shooting dead two eco-protesters blocking highway

    11/08/2023 1:40:18 PM PST · by lowbridge · 55 replies
    nypost.com ^ | November 8, 2023 | Jesse O’Neill
    An elderly American has been arrested after a gunman was caught on camera walking up to environmental protesters blocking a Panamanian highway Tuesday and blasting two of them to death. Disturbing footage showed a man with gray hair and glasses casually approaching the blockade on the Pan-American Highway and waving his finger while arguing with the demonstrators — before pulling out a gun and opening fire. Other footage showed people standing around bodies in the road in the Chame sector west of Panama City as well as the gunman being cuffed and led to a squad car. Police later shared...
  • It now costs 52% more to buy a home than rent one: ‘Never been a worse time’

    10/30/2023 4:29:34 PM PDT · by millenial4freedom · 61 replies
    New York Post ^ | 10/23/2023 | Shannon Thaler
    The average monthly mortgage payment is a whopping 52% higher than the average monthly rent on a house or apartment — a ratio that hasn’t been this out of whack since before the 2008 housing crash, according to The Wall Street Journal.
  • Passenger attempted to take control of San Francisco-bound Alaska Airlines flight before being subdued

    10/23/2023 10:59:12 AM PDT · by nickcarraway · 43 replies
    KSBW ^ | Oct 23, 2023
    Privacy Notice An Alaska Airlines passenger inside the cockpit attempted to seize control of a plane headed from a Seattle airport to San Francisco on Sunday, the airline said. A pilot told air traffic controllers a person riding in the cockpit of flight 2059 attempted to turn off the aircraft's engines in flight. An airline's pilots, or pilots at other airlines, will occasionally ride a cockpit "jump seat" when traveling in an official capacity or commuting to another airport. The passenger, who has not been named, was an off-duty pilot and has been arrested by Port of Portland Police Department,...
  • Atlanta has the fifth highest inflation of any city in the country

    10/14/2023 7:50:15 AM PDT · by CFW · 12 replies
    The Center Square ^ | 10/13/23 | T.A. DeFeo
    The metro Atlanta area has some of the highest inflation rates of any city in the country. WalletHub, a personal finance website, compared 23 major Metropolitan Statistical Areas using two key Consumer Price Index-related metrics. According to a new analysis, the Atlanta area ranked fifth among the metropolitan areas with the biggest inflation problems. While the Miami area topped the list, Atlanta has consistently ranked among the cities with the highest inflation, previous WalletHub reviews reveal. "The Atlanta-Sandy Springs-Roswell MSA has registered a 1.10% spike in inflation in the last couple of months, as well as an almost 5% increase...
  • Biden’s food stamp expansion linked to 15% jump in grocery prices: study

    08/24/2023 9:57:41 AM PDT · by ChicagoConservative27 · 17 replies
    NY Post ^ | 08/24/2023 | Elizabeth Elkind, Fox News
    The Biden administration’s massive expansion of food stamp benefits is linked to at least a 15% rise in grocery prices, a new study said on Thursday. President Biden’s Department of Agriculture rolled out revised nutritional standards for federal food benefits in 2021 that expanded the program by roughly 25% from pre-COVID pandemic levels. Overall spending on the Supplemental Assistance Nutrition Program (SNAP) more than doubled between 2019 and 2022, according to findings from the Foundation for Government Accountability (FGA) previewed by Fox News Digital. It went from $4.5 billion in 2019 to $11 billion in 2022, the study said.