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+14 +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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+18 +2
Why remote work is causing a massive shift in salaries around the country
The "Great Salary Convergence" is a phenomenon that's changing how Americans get paid. Also, Elon Musk said his $44 billion Twitter takeover could still happen
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+9 +2
Mass layoffs and hiring freezes: Just 9% of tech workers feel secure about their jobs right now
Just months ago, 80% of tech workers were confident enough in the job market to consider switching roles.
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+19 +6
Five countries owe €6 trillion in climate reparations, new study shows
There is now a scientific basis for countries to claim money for climate damage.
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+19 +2
Why American Cities Are Broke - The Growth Ponzi Scheme [ST03]
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+14 +1
Just keep your returns: Stores weigh paying you not to bring back unwanted items
The chaotic mix of record fuel prices and an unending supply chain crisis have retailers considering the unthinkable: Instead of returning your unwanted items, just keep them.
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+20 +2
Monthly car payments have crossed a record $700. What that means
The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.
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+2 +1
Hackers crash internet as 'Russian Davos' adjusts to new reality
Hackers on Friday delayed the start of President Vladimir Putin's speech to Russia's flagship economic forum, shorn of strong Western participation as Russia adjusts to the "new reality" of life under Western sanctions.
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+15 +4
CEOs are enjoying huge paydays while their workers struggle to pay bills
Despite all the buzz about the “Great Resignation” and a renaissance for the working classes in America, a new report finds the gap between executive and worker pay is only widening. The typical low-wage worker’s pay didn’t keep pace with inflation last year at more than a third of the companies reviewed by the Institute for Policy Studies, a progressive think tank. IPS’ survey included the 300 publicly traded companies with the lowest median pay for workers.
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+18 +3
How Davos became the anti-establishment's punching bag
Nearly 2,500 global leaders from business, politics and civil society are expected to convene this week in Switzerland’s luxury Alpine ski resort of Davos. On the agenda will be issues including Covid-19, Russia’s war in Ukraine and the climate crisis.
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+3 +1
A low income has less of an effect on well-being in underdeveloped nations — and religiosity might explain why
Poverty has a weaker impact on well-being in developing countries, and a new study suggests that national religiosity can explain this effect. The findings, published in the Proceedings of the National Academy of Sciences, suggest that religion helps alleviate the mental toll of poverty.
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+18 +2
IMF approves $1.4bn emergency support for Ukraine
The International Monetary Fund has approved $1.4bn in emergency financing for Ukraine to help meet urgent spending needs and mitigate the economic impact of Russia’s military invasion. The global lender said Ukrainian authorities had cancelled an existing standby lending arrangement with the IMF but they would work together to design an appropriate economic programme focused on rehabilitation and growth when conditions permitted.
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