Basu is the former chief economist of the World Bank, senior fellow at the Brookings Institution and professor of economics at Cornell University, so he is no flake in the economics department. But this does not prevent a display of alarming ignorance of both the power of exponential growth and the state of the ecosphere. Income and consumption doubling every four years? After just 20 years and five doublings, the economy would be larger by a factor of 32; in 50 years it will have multiplied more than 5000-fold! Basu must inhabit some infinite parallel universe.
“We think it’s the right thing to do for advancing innovation just like the driverless car basically did in recent months,” he said in an interview with “Closing Bell.”
The company, which provides technology for break-room markets or mini-market kiosks, is anticipating over 50 employees to be voluntarily chipped.
Since the main policy thrust of the Trump administration is to reverse anything that happened under Obama, it probably won’t surprise you to learn that Holder’s tentative steps in the right direction are being reversed by Sessions and his new team at the Department of Justice. Last week, DOJ announced it was moving to make it easier to seize cash and property from criminal suspects — even in the 24 states, many with Republican governors, that had placed restrictions on the controversial practice. Sessions seemed totally oblivious to the massive abuses in the program…
While the Japanese have viewed North Korea as a menace for decades, the rogue regime’s July 4 launch of an intercontinental ballistic missile raised the level of alarm among preppers, as some people serious about emergency preparedness call themselves. Japan has its own small bunker-making sector, but the U.S., unique in its abundance of survivalist networks, is ground zero for get-ready-for-Armageddon businesses.
Beware the Sharing Economy (Tiffany D.)
The sharing economy is supposed to offer greater flexibility at lower cost than the traditional institutional-corporate model. It does this by connecting independent suppliers and consumers via “platforms” like Uber, Airbnb … or Outdoorsy.
It’s a great model in theory. It’s certainly profitable for the platform innovators, who don’t get directly involved in the supply of the services in question, and thus enjoy minimal overheads.
Police responded to a call from a Walmart worker at about 12:30 a.m. Sunday. The employee had been checking the parking lot and was asked for water by a migrant who’d somehow escaped the trailer. When police arrived, they found dozens of migrants in the back, eight of them already dead. It’s not known how long the migrants were trapped inside, but video surveillance showed several vehicles pull up and unload groups of migrants during the night.
OPEC’s No.2 Goes Rogue, Plans To Pump 5 Million Bpd (Michael K.)
Iraq was perhaps the least willing OPEC member to take part in the deal. To the last day, Baghdad insisted it should be exempted from any cuts along with Nigeria and Libya due to its ongoing battle with IS that requires oil-export money. That Al-Luaibi’s announcement comes now that the deal was extended by another nine months, to March 2018, strongly suggests Iraq may follow Ecuador out the door.
From Inferno To Purgatory (Robert W.)
I walked this morning on a nicely landscaped jogging trail around our hotel compound. The air felt cool, at 84F just after sunrise. The same walk last night felt strange. The air was warm on my skin even in darkness with a light breeze, around 9 PM. It was still 95F- above that 91F tipping point where your skin begins to be warmed, instead of cooled, by the air around it. This morning, it didn’t reach 91 until 11AM.
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