davidjosborn

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Machine learning is now used in Wall Street dealmaking, and bankers should probably be worried

JPMorgan, which is spending big on technology as it looks to cut costs and increase efficiency, last year launched a predictive recommendation engine to identify those clients which should issue or sell equity. And now, given the initial success of the engine, it's being rolled out to other …

Machine Learning

The Trump administration doesn’t think robots will take your jobs soon

In an eye-popping interview, Treasury Secretary Steve Mnuchin says mass changes from AI are quite far away.<p>Labor experts fear that artificial intelligence could reshape entire industries as algorithms and robots replace humans — and leave untold numbers of U.S. workers without jobs.<p>So is the Trump …

Artificial Intelligence

Robots want half of your jobs

That’s $16 trillion in worldwide wages. Can’t blame China for that.<p>Here’s a fun way to spend a long weekend: Contemplating whether you’ll be replaced by a robot.<p>Employers could feasibly swap out machines, using existing technology, for humans in 50 percent of today’s jobs, says a new McKinsey …

Robots

Millennials earn 20% less than Boomers did at same stage of life

SOUTH MILWAUKEE, Wisconsin (AP) — Baby Boomers: your millennial children are worse off than you.<p>With a median household income of $40,581, millennials earn 20 percent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data …

Demographics

The economist behind Universal Basic Income: Give all citizens UBI to help combat a 'neofascist wave of populism'

He described a growing class of "precariat" workers, alienated by a western political agenda which had, since the 1970s, promoted market-led competition above job security. Real wages across the west had stalled for decades and "flexible" work was becoming the norm, leaving many millions around the …

Income Inequality

DIY Industrial Rolling Cart

Industrial style is an interesting thing. It can be an all-encompassing aesthetic, what with exposed brick walls and duct pipes in the ceiling and …

The economically stylish 1300 sqft home

Prefab houses are fast gaining popularity in today’s world. With a very compact and convenient structure that too built at a cost lower than …

American Dream collapsing for young adults, as odds plunge that children will earn more than their parents: study

Rising income inequality has eroded the ability for American children to grow up to earn more than their parents, according to groundbreaking new research from a superstar team of economists that carries deep implications for President-elect Donald Trump's policy agenda.<p>The research from a team of …

Income Inequality

In D.C., White Families Are on Average 81 Times Richer Than Black Ones

Other major cities aren’t much better.<p>The wealth discrepancy between blacks and whites is one of the most stark examples of inequality in America. White American families have, on average, around $142,000 in savings and assets, minus debt. Black families’, meanwhile, amounted to only $11,000, …

Income Inequality

IBM's Watson is making music, one step closer to taking over the world

In a move that's guaranteed to inspire awe but is really just laying the foundation for the robot takeover Elon Musk has been warning us about, IBM's …

Artificial Intelligence

Top 15 Green Home Improvements and their Costs – DIY Green Living Ideas

Home energy efficiency is both a journey and an objective. The objective is as simple as going Green. You optimize the resources of your home while …

Communism

Stephen Hawking: AI will be 'either best or worst thing' for humanity

Professor praises creation of Cambridge University institute to study future of artificial intelligence<p>Professor Stephen Hawking has warned that the creation of powerful artificial intelligence will be “either the best, or the worst thing, ever to happen to humanity”, and praised the creation of an …

Artificial Intelligence

How Artificial Intelligence Will Kill Some Jobs But Create Others

The Obama administration may be headed for the exits, but it continues to focus on the impact of artificial intelligence on the economy and the …

Artificial Intelligence

Six-hour workday boosts productivity, worker satisfaction

In recent years, some employers in Sweden began what many considered an audacious experiment: Local governments and privately owned companies in various cities put their staffs on a six-hour day.<p>The move went further than, for example, France's 35-hour workweek.<p>The results were somewhat surprising. …

The Workplace

Calvin and the Christian Calling | Alister McGrath

<i>Alister McGrath</i><p>Copyright (c) 1999 First Things 94 (June/July 1999): 31-35.<p>The sixteenth century was a period of tumultuous change in Western Europe. …

Basic income after automation? That’s not how capitalism works!

Philosophers, economists and other academics have long discussed the idea of “basic income” – an unconditional monthly check from the government to …

World's first typhoon turbine could power all of Japan for 50 years

An engineer in Japan is looking for a silver lining in the destructive typhoons that regularly drench the island nation. Atsushi Shimizu has invented …

Renewable Energy

A New V-Shape Roof Can Collect Solar Power, Wind Power and Rain Water

Scientists have been busy designing a roof that uses not just solar power, but wind and rain power as well, to generate energy. There is a total of …

These are the Jobs that Artificial Intelligence Will Eliminate First

There are three buckets of jobs right now, and each one will be affected by artificial intelligence. So says Clara Shih, CEO of Hearsay Social and a …

Artificial Intelligence

The McKinsey & Co. guide to staying employed in banking

McKinsey & Co. have got a big new banking report out. Based on interviews with 200 ‘industry leaders’ at 175 banks, it purports to be as …

Credit Suisse

The Next Industrial Revolution

An interview with the Economist columnist Ryan Avent on his new book about how technology will change the labor force<p>A “crisis of abundance” initially seems like a paradox. After all, abundance is the ultimate goal of technology and economics. But consider the early history of the electric washing …

Health Care

HomeMade Modern EP64 Conference Table

I was comissioned to made this conference table for a startup called Yoshirt. I used angle irons to bind 2x6s into a sturdy solid wood tabletop, …

Egloo launches brilliant electricity-free heater that warms your home for just pennies a day

Last year, wrote about the Egloo, a brilliant little heater that uses a simple concept to heat your home for just pennies a day - without …

A coffee shortage is looming — here's how soon it could be extinct

Coffee is more than just the crucial beverage that makes it easier to face the workday. It provides comfort, culture, and is an essential source of the caffeine that Harvard neuroscientist Charles Czeisler says makes modern life possible.<p>But the global coffee supply is currently at risk, with …

Coffee

Japan in transition: Rest of world watches as country tries negative interest rates to spur economy

<i>The Financial Post presents a six-part series on the tectonic economic transformation underway in Japan. The country is currently home to the world’s</i> …

Bill Gross Says You Should Start Buying Land and Gold

Investors should cut risk by placing money in real assets and accept lower returns, given that markets no longer offer double-digit gains in a zero …

Interest Rates

Airbnb plans to build community centers in small towns

Airbnb is starting up an experimental design group to work on odd new hospitality projects that could one day become major company initiatives. The group is called Samara, and its first project is to build "community centers" to draw tourists to small, little-traveled towns.<p><i>FastCo Design</i> has a …

Living Rooms

Bill Gates Says We're on the Verge of These 3 Amazing Technological Advances

If you were worth $80 billion dollars, you might not be too worried about American’s productivity slump either.<p>Microsoft founder Bill Gates waded …

Bill Gates
Christianity