Some major Western economies are close to full employment, but only in comparison to their official unemployment rate. Relying on that benchmark alone is a mistake: Since the global financial crisis, underemployment has become the new unemployment. In a recent paper, David Bell and David Blanchflower singled out underemployment as a reason why wages in the U.S.... Continue Reading →
In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between... Continue Reading →
Facebook announced on Friday that it has suffered a data breach affecting up to 50 million users. According to a report from the New York Times, Facebook discovered the attack on Tuesday and have contacted the FBI. The exploit reportedly enables attackers to take over control of accounts so, as a precaution, the social network... Continue Reading →
Wells Fargo, the third-biggest U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday. The bank has 265,000 employees, meaning the reduction would result in a loss of between 13,250 and 26,500 jobs. "We are... Continue Reading →
Printable homes represent the latest wave in construction, but they're not always cheap to build. Earlier this year, Branch Technology, an architectural startup, developed a prototype of a 1,000-square-foot 3D-printed home that would cost about $300,000 — a price too high to be considered a solution to the global housing crisis. In March, New Story,... Continue Reading →
https://youtu.be/yIml_irAH-4 President Donald Trump's boast about his administration's accomplishments provoked chuckles from an audience at the United Nations on Tuesday. Trump, in his second address before the U.N. General Assembly in New York, bragged that his administration "has accomplished more than almost any administration in the history of our country." It's a line of rhetoric... Continue Reading →
https://www.digitaltrends.com/cool-tech/robot-jellyfish-patrol-coral-reefs/ Could schools of robot jellyfish soon be patrolling the world’s oceans, monitoring fragile environments such as coral reefs? That’s the dream of U.S. researchers, comprising of scientists from Florida Atlantic University and the U.S. Office of Naval Research. They have developed a nature-inspired soft underwater robot, capable of some impressive underwater locomotion — including... Continue Reading →
On August 31st, California lawmakers voted to ban middle schools and high schools from starting before 8:30 a.m. The goal? Getting students to sleep in. According to the Associated Press (AP), the bill, known as SB328, was narrowly passed by the state legislature ahead of a midnight deadline and is expected to be signed into... Continue Reading →
At the Union of Concerned Scientists, we have long advocated agricultural systems that are productive and better for the environment, the economy, farmers, farmworkers and eaters than the dominant industrial system. We refer to such a system as our Healthy Farm vision. Based on comprehensive science, we have specified that healthy farm systems must be... Continue Reading →
In less than a decade, most workplace tasks will be done by machines rather than humans, according to the World Economic Forum’s latest AI job forecast. Job swap: The Future of Jobs 2018 report claims that roughly 71 percent of tasks are done by humans today, but it calls for a rapid shift in responsibilities over the next... Continue Reading →
FUTURE PRIMATE 