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Corporate America Will Bring Next Wave of Pain, Money Managers Warn

Corporate America will beget the next wave of financial pain, or even recession, a growing choir of the world’s biggest money managers is …

Markets

MIT's AlterEgo headset can read words you say in your head

When you think a sentence in your head, your brain sends signals to your mouth and jaw. MIT Media Lab's headset reads those signals with 92 percent accuracy.<p>I don't want to alarm you, but robots can now read your mind. Kind of.<p>AlterEgo is a new headset developed by MIT Media Lab. You strap it to …

MIT Media Lab

Japanese scientists just created an AI that can “read” human minds

Nope, this isn’t just fodder for the new series of Black Mirror<p>As computer scientists attempt to make machines think and learn like humans, the …

Machine Learning

Big business, not taxpayers, should pay to clean up plastic waste

Plastic is destroying our oceans, yet big corporations are still being given money to produce cheap plastic. It’s time for polluters to pay for the damage they cause<p>A six-year-old boy, Harrison Forsyth, provided us with a much needed wake-up call last week. He called on the boss of Aldi to protect …

Pollution

How are robots changing the future of healthcare?

The rise of artificial intelligence and robotics is changing healthcare.<p>The rise of artificial intelligence and robotics is changing healthcare.<p>More operations are now carried out by surgeons using robots.<p>But do we want a machine to look after us instead of a human?<p>Al Jazeera's Laurence Lee reports …

Artificial Intelligence

56,000 layoffs and counting: India’s IT bloodbath this year may just be the start

For Indian techies, 2017 was the stuff of nightmares.<p>One of the top employment generators until a few years ago, India’s $160 billion IT industry laid off more than 56,000 employees this year. Some analysts believe this spree was worse than the one during the 2008 financial crisis. Meanwhile, …

Labor Economics

Living in cars, working for Amazon: meet America's new nomads

Rising rents are leading Americans to live in cars and other vehicles, writes Jessica Bruder, the author of Nomadland<p>Millions of Americans are wrestling with the impossibility of a traditional middle-class existence. In homes across the country, kitchen tables are strewn with unpaid bills. Lights …

Cities

Bernie Sanders warns of 'international oligarchy' after Paradise Papers leak

US senator warned that leak of documents exposing offshore tax havens show ‘rapid movement’ toward a group of billionaires controlling the global economy<p>Live updates: billionaires and firms exposed by Paradise Papers<p>Bernie Sanders has warned that the world is rapidly becoming an “international …

Corruption

Insectageddon: farming is more catastrophic than climate breakdown

Which of these would you name as the world’s most pressing environmental issue? Climate breakdown, air pollution, water loss, plastic waste or urban expansion? My answer is none of the above. Almost incredibly, I believe that climate breakdown takes third place, behind two issues that receive only …

Ecology

Equation reveals the characteristics of quantum chaos

Researchers have now succeeded in formulating a mathematical result that provides an exact answer to the question of how chaos actually behaves. The …

The End Of Capitalism Is Already Starting–If You Know Where To Look

One of America’s foremost Marxist economists has never felt so optimistic in his 50-year career.<p>These days, Richard Wolff is feeling pretty glad he stuck around teaching this long. Now in his 70s and lecturing at the New School University and having become, over the course of his nearly …

Wall Street

In a Summer of Wildfires and Hurricanes, My Son Asks “Why Is Everything Going Wrong?”

The news from the natural world these days is mostly about water, and understandably so.<p>We hear about the record-setting amounts of water that …

Kim Jong-un

Robots and AI are going to make social inequality even worse, says new report

Rich people are going to find it easier to adapt to automation<p>Most economists agree that advances in robotics and AI over the next few decades are likely to lead to significant job losses. But what’s less often considered is how these changes could also impact social mobility. A new report from UK …

Income Inequality
Computer Science

Why did the 2016 election look so much like the 2012 election?

Partisan identity — not policies or even candidates — now drives American politics.<p>A few months ago, I stopped by Larry Bartels’s office at Vanderbilt University. Bartels, alongside Christopher Achen, is the author of <i>Democracy for Realists</i>, which I’d become a bit obsessed with. The book argues that …

Political Science

The meaning of life in a world without work

As technology renders jobs obsolete, what will keep us busy? Sapiens author Yuval Noah Harari examines ‘the useless class’ and a new quest for purpose<p>Most jobs that exist today might disappear within decades. As artificial intelligence outperforms humans in more and more tasks, it will replace …

Virtual Reality

Finally, a breakthrough alternative to growth economics – the doughnut

Instead of growth at all costs, a new economic model allows us to thrive while saving the planet<p>So what are we going to do about it? This is the only question worth asking. But the answers appear elusive. Faced with a multifaceted crisis – the capture of governments by billionaires and their …

Economics

Welcome to the new dark ages, where only the wealthy can retire

As never-ending politically motivated austerity takes hold, more and more people will find they cannot afford to stop work. But it doesn’t have to be like this<p>It’s almost too easy to imagine the scenario. After spending most of our adult life in paid employment, the golden day arrives. A …

Dismantling Dodd-Frank: Donald Trump's Valentine's gift to Wall Street

While the world was up in arms over his travel ban, our faux-populist president was courting the very people he denounced during the campaign<p>Donald Trump has succeeded in grafting his own attention deficit onto policy-making. And with executive orders flying off his desk at such a frenzied pace, it …

Donald Trump

How corporate dark money is taking power on both sides of the Atlantic

A secretive network of business lobbyists has long held sway in US politics. Now their allies in the UK government are planning a Brexit that plays into their hands<p>It took corporate America a while to warm to Donald Trump. Some of his positions, especially on trade, horrified business leaders. Many …

United Kingdom

Scientists Have Confirmed a Brand New Phase of Matter: Time Crystals

Constant motion without energy.<p>For months now, there's been speculation that researchers might have finally created time crystals - strange crystals …

Quantum Mechanics

World's eight richest people have same wealth as poorest 50%

A new report by Oxfam warns of the growing and dangerous concentration of wealth<p>The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.<p>In a …

Income Inequality

Universal basic income is becoming an urgent necessity

Finland is trialling an unconditional income scheme, and studies show its benefits. I’d bet my own income that the idea would work here in the UK<p>The 20th century income distribution system has broken down irretrievably. Globalisation, technological change and the move to flexible labour markets has …

Income Inequality

Philosophy can teach children what Google can’t – and Ireland knows it

With jobs being automated and knowledge being devalued, humans need to rediscover flexible thinking. That starts in schools<p>At the controls of driverless cars, on the end of the telephone when you call your bank or favourite retailer: we all know the robots are coming, and in many cases are already …

Oxford University
Political Science

Universal basic income trials being considered in Scotland

Two councils, Fife and Glasgow, are investigating idea of offering everyone a fixed income regardless of earnings<p>Scotland looks set to be the first part of the UK to pilot a basic income for every citizen, as councils in Fife and Glasgow investigate trial schemes in 2017.<p>The councillor Matt Kerr …

Universal Basic Income

World’s largest hedge fund to replace managers with artificial intelligence

Bridgewater Associates has a team of engineers working on a project to automate decision-making to save time and eliminate human emotional volatility<p>The world’s largest hedge fund is building a piece of software to automate the day-to-day management of the firm, including hiring, firing and other …

Artificial Intelligence

No country with a McDonald’s can remain a democracy

The best way to combat the likes of Trump, Le Pen and Farage and the politics they represent is to rescue power from the grip of transnational corporations<p>A wave of revulsion rolls around the world. Approval ratings for incumbent leaders are everywhere collapsing. Symbols, slogans and sensation …

McDonald's

Neoliberalism – the ideology at the root of all our problems

Financial meltdown, environmental disaster and even the rise of Donald Trump – neoliberalism has played its part in them all. Why has the left failed to come up with an alternative?<p>Imagine if the people of the Soviet Union had never heard of communism. The ideology that dominates our lives has, for …