Daily Digest

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Daily Digest 1/29 - Connecticut’s S.O.S., Does More Screen Time Cause Unhappiness?

Monday, January 29, 2018, 12:22 PM

Economy

Connecticut’s S.O.S. (Adam)

Connecticut mayors grappling with rising retirement costs and sinking economies this week issued a distress signal to lawmakers in Hartford: Save us from our public unions.

The idea that everything from spoons to stones are conscious is gaining academic credibility (blackeagle)

David Chalmers, a philosophy of mind professor at New York University, laid out the “hard problem of consciousness” in 1995, demonstrating that there was still no answer to the question of what causes consciousness. Traditionally, two dominant perspectives, materialism and dualism, have provided a framework for solving this problem. Both lead to seemingly intractable complications.

Jeremy Corbyn announces Labour will buy every homeless person in the country a house (Alex M.)

Rough sleeping in England has reached new highs, official figures out last week showed.

There are now around 5,000 people living on the streets around the country, a 15 per cent rise on the same period in 2016.

How Will AI Change Work? Here Are 5 Schools of Thought (blackeagle)

Most companies are already moving rapidly to acquire new capabilities. In a new Accenture survey (“Reworking the Revolution,” which published on January 23rd) of 1,200 C-level executives worldwide, 75% say that they are currently accelerating investments in AI and other intelligent technologies. And 72% say they are responding to a competitive imperative — they recognize the need for new tools to keep up with rivals, both by improving productivity and by finding new sources of growth. Some companies are transforming themselves into “intelligent enterprises,” in which all processes are digitized, decisions are data-driven, and machines do the heavy lifting — both physical and cognitive.

Stockton Gets Ready to Experiment With Universal Basic Income (thc0655)

The hope is to demonstrate UBI’s potential and encourage other places to give it a try. UBI has recently gotten a boost from Silicon Valley moguls concerned about income inequality and the future of society, but the idea isn’t actually all that new, said Michelle Anderson, a Stanford law professor.

Anderson said, “UBI was first pitched by Nixon as an answer to post-industrial job losses.”

Most unhappy people are unhappy for the exact same reason (tmn)

In other words, every activity that didn’t involve a screen was linked to more happiness, and every activity that involved a screen was linked to less happiness. The differences were considerable: Teens who spent more than five hours a day online were twice as likely to be unhappy as those who spent less than an hour a day.

Let The Sun Power Your Portfolio (Tiffany D.)

With a focus on installing systems, SunPower stock has taken a beating from the Trump solar tariffs announcement. Most of the company’s components are manufactured overseas in China. Many investors believed that SunPower would escape the worst of the tariffs, and they bid the shares up at the end of 2017 as a result.

With speculative gains now wiped out (and then some), SunPower stock can now begin trading at a more reasonable clip. The long-term outlook remains solid for SunPower, especially with solar installs surging in the U.S. and globally. Analysts expect revenue growth of 11.6% this year, which, if oil prices continue to rise, may be a conservative estimate.

Camel beauty pageant bans a dozen animals over Botox injections (blackeagle)

Leading up to the festival, which runs through January, Saudi media reported that a veterinarian was caught performing cosmetic surgery on camels — giving them Botox and making their ears smaller, according to the National.

Ali Obaid, a pageant guide, told the National that cheaters may even “pull the lips of the camel.”

The flu can kill tens of millions of people. In 1918, that’s exactly what it did. (Adam)

“You think about how bad it was in 1918, and you think surely our modern medical technology will save us, but influenza is the Hollywood movie writer’s worst nightmare,” said Anne Schuchat, CDC’s deputy director, at a recent seminar on the 1918 pandemic. “We have many more tools than we had before, but they are imperfect tools.”

Gold & Silver

Click to read the PM Daily Market Commentary: 1/25/18

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