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Rainbow Symbolism
Speaking of Rainbows, Sacred Contracts, and Genesis 9... While listening to a podcast while walking, one of my main activities that I enjoy, the speaker mentioned the covenant of the Rainbow... my special ability, if I have one, is associating seemingly disparate ideas, signs, symbols, text that I integrate into a checklist or patchwork quilt (that few understand or take the time to attempt to understand)... see previous posts about Sacred Contracts (Carolyn Myss book), the project Tammy and I worked on (main use case is establishing an ecologically sustainable economic heartbeat). See https://www.caringbridge.org/visit/tammymcgee/journal
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“What Have We Done?”: Silicon Valley Engineers Fear They've Created a Monster
Gig-economy companies like Uber and Instacart are on the verge of overtaking the traditional economy. And the only people who understand the threat are the ones enabling it.
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Germany, China seek closer alliance over trade spat with US
Government consultations between Germany and China in Berlin on Monday aim to send a signal of closer bilateral cooperation in light of a worsened trade spat with the US. But some hurdles have yet to be overcome. German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang held talks on closer economic cooperation in Berlin on Monday as the two countries seek a coordinated strategy in response to the US administration's protectionist agenda.
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Cryptocurrency a ‘Modern Miracle,” Not Going Away: CFTC Commissioner
Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. One of the top market regulators in the US said this week that cryptocurrency is a “technological revolution” that will one day be a part of every national economy. Speaking on Monday before the BFI Summit at the United Nations, Commodity Futures
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Harvard: India will be world’s fastest growing economy in coming decade
India tops the list of the fastest growing economies in the world for the coming decade and is projected to grow at 7.9 per cent annually, ahead of China and the US, according to a Harvard University report.
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Supporting job growth and worker prosperity in a new era of automation
Automation has been a fixture in organizations for as long as most of us can remember. Companies have used it not just to optimize labor costs but also to boost the speed at which new products and processes can be developed and launched, as well as to reduce errors and reap other performance benefits. Governments have an interest in encouraging automation adoption, since it will help boost the productivity of national economies and raise growth
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IMF Says China Must Fix Shortcomings to Lead Globalization
China should be willing to loosen trade and investment restrictions if it seeks to play a leading role in globalization, International Monetary Fund First Deputy Managing Director David Lipton said. Speaking at the Asian Financial Forum in Hong Kong Monday, Lipton acknowledged that China’s leadership has been a “voice of reason” in terms of preserving the current system of rules-based international trade, but the nation also had more to do.
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Collapsing pensions will fuel America’s next financial crisis
America faces a mathematical problem that dwarfs the fiscal deficits caused by overly rosy government economic projections and even the troubles on the horizon for Social Security, warns Jeff Reeves.
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Automation may bring the realisation that we're not hard-wired to work
Dubbed “the original affluent society”, modern humans could learn a lot from hunter-gatherers' attitude to work. or those of us not tormented by visions of a Terminator-style dystopia, the most urgent question posed by automation is: “What will people do if robots take their jobs?” The same problem troubled John Maynard Keynes, who suggested in 1930 that within a century, capital growth, technological advances and productivity gains could create an economic utopia in which nobody would need to work more than 15 hours a week.
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China to Overtake U.S. Economy by 2032 as Asian Might Builds
The growing importance of Asia’s major economies will continue in 2018 and beyond, according to a league table that sees the region dominating in terms of size in just over a decade. The report by the Centre for Economics and Business Research in London sees India leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany.
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Driverless lorries could mean 600,000 lost jobs. It's time we took a universal basic income seriously.
With trials for self-driving commercial lorries to take place in the UK within the next twelve months, the work days of thousands of Britain’s long-haul drivers may soon be numbered. Of course, these are only preliminary tests – it may well be a decade or more before driverless deliveries and long-distance haulage are an everyday reality. However, with the beginnings already upon us, a boom in automated jobs is surely coming sooner rather than later.
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Rising Interest Rates: What Do They Mean For You?
View our blog for tips on saving and budgeting your money, getting accounts started, help avoiding scams and more.
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Cutting the Gordian Knot of Technological Unemployment with Unconditional Basic Income
Invisible Sheep, the Missing Right, and the Return of Common Wealth. In the opening of the film 2001: A Space Odyssey, viewers are shown a historic moment in time where primitive man used the first tool. It was a bone, and used like a club, it allowed a physically weaker group to overpower a physically stronger group.
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The Globe of Economic Complexity: Visualize $15 Trillion of World Exports
One dot equals $100M of exports
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India Considers Fighting Poverty With a Universal Basic Income
India is looking at a radical idea for reducing poverty: free money for everyone—no strings attached. The Ministry of Finance’s annual survey of the economy, released Tuesday, explores how the country might replace its various welfare programs with a universal basic income, or a uniform stipend paid to every adult and child, poor or rich. Guaranteeing all citizens enough income to cover their basic needs would promote social justice...
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Soros: Capitalism versus Open Society
Today I want to explore the conflict between capitalism and open society, market values and social values. I am going to approach the subject indirectly, by first introducing a phenomenon that has attracted my attention only recently, but has assumed such importance in my thinking that I could almost call it the fourth pillar of my conceptual framework. That phenomenon is the principal-agent problem.
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This is what a long economic winter feels like
Leave it to an economist living in communist Russia to find a pattern in capitalist countries’ economies – a pattern that paints a chilling picture for the global economy over the next few years. In the 1920s, Russian economist Nikolai Kondratiev (also spelled Kondratieff) developed a theory that prices, interest rates, foreign trade and coal and pig iron production in capitalist countries moved in long waves of 50-60 years. This meant that “great depressions” were a natural part of the capitalist system, and were followed by periods of recovery.
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Universal basic income wouldn’t make people lazy–it would change the nature of work
Americans believe in the importance of a good day’s work. And so it’s understandable that the prospect of a universal basic income (UBI), in which the government would issue checks to cover the basic costs of living, rubs some people the wrong way. Writing in The Week in 2014, Pascal-Emmanuel Gobry envisions a UBI dystopia in which “millions of people” are “listing away in socially destructive idleness,” with “the consequences of this lost productivity reverberating throughout the society in lower growth and, probably, lower employment.”
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Bull Market Blues
**Submitter's note: browse in Privacy/Incognito mode.** The fact that the major averages have lately been hitting new highs — the Dow has risen 177 percent from its low point in March 2009 — is newsworthy and noteworthy. What are those Wall Street indexes telling us?
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The Shift to a Cashless Society is Snowballing
The world is increasingly becoming a cashless society. See the progress in this monumental shift, along with the pros and cons behind the elimination of cash.
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