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+1 +1
Flunkies, goons and managerial feudalism: why David Graeber’s Bullshit Jobs is the book that keeps on giving
In 2013, anthropologist David Graeber wrote an article for an obscure, left-wing magazine. It spawned a book – and a turn of phrase – that became a cultural phenomenon.
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+21 +5
Why can we not take Universal Basic Income seriously?
On work, AI and the most important social idea yet to get any real traction.
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+38 +6
Humans Still Cheaper Than AI in Vast Majority of Jobs, MIT Finds
Artificial intelligence can’t replace the majority of jobs right now in cost-effective ways, the Massachusetts Institute of Technology found in a study that sought to address fears about AI replacing humans in a swath of industries.
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+29 +5
China's capitalist reforms are said to have moved 800 million out of extreme poverty – new data suggests the opposite
The World Bank used a tool known as purchasing power parity to make its calculations. An improved methodology suggests China’s pro-market reforms increased rather than shrank extreme poverty.
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+3 +1
Billionaires Are Suing the Honduran Government for Blocking Their Profit-Making Scheme
Honduras Próspera, an organization based in Delaware, is suing the Honduran government for $11 billion. That's about two-thirds of the country's budget, or around a third of its annual GDP. What's happening, and why are American "philanthropists" allowed to bring a governing body to court?
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Analysis+29 +8
A B.C. study gave 50 homeless people $7,500 each. Here's what they spent it on.
A new B.C.-based study undercuts the persistent stereotype that homeless people can't be trusted with cash, according to the lead researcher who says it also highlights a different way to respond to the crisis.
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+23 +8
‘De-dollarisation’ gains traction among emerging economies ahead of BRICS summit
Expansion rate of the Brazil, Russia, India, China and South Africa economic bloc seen determining speed at which it stops using US dollar systems.
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+20 +4
China is too big for a Soviet Union-style collapse, but it’s on shaky ground
With its growth slowing, China’s future is uncertain. We should be grateful if the change is not sudden
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+16 +2
Inflation cooled significantly in June, bringing price hikes close to normal levels
The inflation data arrives as the Federal Reserve weighs another rate hike.
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+30 +3
The AI Revolution and The New Roaring '20s
In 2023, predictions about artificial intelligence (A.I.) have spanned from utopian dreams to apocalyptic nightmares, and attempts to identify comparable moments in history range from the development of the atomic bomb to the ancient discovery of how to control fire.
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+4 +1
Why retail theft is soaring: inflation, the economy -- and opportunity
Retailers large and small say they’re struggling to contain an escalation in store crimes — petty shoplifting to organized sprees of large-scale theft that clear entire shelves of products. Target last week said it was bracing to lose half a billion dollars this year because of rising theft. Nordstrom, Whole Foods and some other big chains said they were abandoning San Francisco because of changing economic conditions or employee safety. Many other retailers have blamed crime for closing stores.
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+15 +6
Will AI Actually Mean We’ll Be Able to Work Less?
AS ARTIFICIAL INTELLIGENCE captures the public imagination, while also exhibiting missteps and failures, enthusiasts continue to tout future productivity gains as justification for a lenient approach to its governance. For example, venture fund ARK Invest predicts that “during the next eight years AI software could boost the productivity of the average knowledge worker by nearly 140%, adding approximately $50,000 in value per worker, or $56 trillion globally.”
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+19 +4
BlackRock says get ready for a recession unlike any other and 'what worked in the past won't work now'
A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation — and this time, it will ignite more market turbulence than ever before, according to BlackRock.
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+18 +4
The economy just doesn’t make sense anymore
How’s the economy doing? Depends where you look. Seriously.
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+15 +4
'Liquefied hydrogen will have no role anywhere in energy and transport': Liebreich
BNEF founder blasts notion that 'escapey, explodey' hydrogen can replace LNG, and describes LOHCs as 'useless in shipping'
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+13 +2
The decline of oil has already begun
We live in the era of peak oil, but just as the modern oil industry attempts to deny the effects of carbon emissions, the industry has also found it convenient to deny that oil is a finite resource that will peak and decline.
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+12 +2
Shipping Liquid Hydrogen Would Cost 5-7x LNG Costs Per Unit Of Energy
All of the projects proposing to manufacture hydrogen where sunshine and wind are constant and cheap and ship it to where energy is consumed are ignoring fiscal reality and the obvious alternative of HVDC transmission.
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+15 +2
What to read to understand how economists think
Our senior economics writer picks five books for those starting to study the subject
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+12 +2
Chip shops face 'extinction' amid cost of living crisis
The rising price of cod, sunflower oil and energy has left many shops struggling to survive.
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+3 +1
Why Doesn’t America Build Things?
Environmental review laws have become a favorite scapegoat among those who lament our inability to build ambitious infrastructure, but the problem runs much deeper.
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