The Lesson from Davos: No Connection to Reality (richcabot)
The First Industrial Revolution was to replace, at beginning of the 19th century, human power with machines. Then at the end of that century came the Second Industrial Revolution, which was to combine science with industry, with a total change of the system of production. Then came the era of computers, at the middle of last century, making the Third Industrial Revolution, the digital one. And now, according Schwab, we are entering the fourth revolution, where workers will be substituted by robots and mechanization.
The request has been made, hasn’t it? The Ukrainians have said that the documentary shouldn’t be shown. I am not sure if the documentary maker worked with the Ukrainian Embassy, I doubt that he did – on the contrary. The most obvious point that comes to mind is that such attempts to muzzle the media always backfire; they always attract more attention. People are going to say: “Why does Kiev want this documentary not to be shown?” So I think the embassy in Paris has made a mistake. If they wanted the documentary not to have any attention paid, they should have simply ignored it. Instead now people are going to talk about it.
Ezubao promised investors that borrowers on its platform would pay back loans at interest rates between nine per cent and 14.6 per cent, but 95 per cent of those borrowers were fictional entities created by Ezubao, a former company executive told investigators.
China factories continue to lose steam (richcabot)
"Chinese manufacturers signaled a modest deterioration in operating conditions at the start of 2016, with both output and employment declining at slightly faster rates than in December. Total new business meanwhile fell at the weakest rate in seven months," Markit said in a statement.
The Spread Of Ignorance (Don R.)
It comes from agnosis, the neoclassical Greek word for ignorance or ‘not knowing’, and ontology, the branch of metaphysics which deals with the nature of being. Agnotology is the study of wilful acts to spread confusion and deceit, usually to sell a product or win favour.
"If you start to say we mustn't, we mustn't criticize or offend them then humor is gone. With humor goes a sense of proportion. And then as far as I'm concerned you're living in 1984."
In 2009, crude oil prices rose sharply and held fast until 2014. Central banks around the world pumped massive amounts of money into the economy, anticipating that the demand for crude oil would continue to increase. The oil business was a profitable one with very limited risk, which bolstered bank lending in this sector. Quite simply, everyone wanted to be in on it.
Despite its disingenuous head fake in Paris, Exxon’s narrative of preferring, and even encouraging, inaction in the face of climate change is the oil giant’s well-established modus operandi. As recent news accounts have shown, Exxon funded organizations for decades that denied the risks of climate change, despite the company’s own internal research confirming those very risks.
The number of spills from North Dakota’s booming oil industry has risen steadily since 2006, the New York Times reported in November. A Times investigation found that 18.4 million gallons of oil and chemical substances have leaked into the North Dakotan air, water and soil between 2006 and October 2014. The Summit Midstream leak follows on the heels of a 50,000 gallon oil spill in the Yellowstone River near Glendive, Montana — the second oil spill in the river in four years.
Livestock now use over 30% of the world’s available land. Much of this is used for grazing although there is also a substantial portion which is utilised to grow feed. A need for all this space has been a major contributor to deforestation and with deforestation a further release of CO2 into the atmosphere occurs. This comes about due to two main reasons. First, as the trees are cut down, the carbon dioxide they store is released. Second, fewer trees leads to lower levels of photosynthesis going forward, a process which would normally help to absorb carbon dioxide from the atmosphere. In addition, once land has been cleared if it is then overgrazed it runs the risk of turning to desert. This has already happened on 20% of pastureland.
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