bart lamb

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India could become the first digital, cashless society

It's called India Stack.<p><b>The Foundations of a New Financial System</b><p>Before 2009, half of all Indians didn't have any form of identification, not even a birth certificate.<p>Without a form of identification, citizens couldn't access services like banking, insurance, or even get a driver's license. As …

Growing number of Venezuelans trade bolivars for bitcoins to buy necessities

Bitcoin users still represent a tiny minority, but some believe that the currency will become more popular in Venezuela as economic uncertainty escalates<p>Amid growing economic chaos, and the highest inflation rate in the world, some Venezuelans are swapping bolivars for bitcoins in order to buy …

Venezuela

Trump's Carrier deal could permanently damage American capitalism: Washington Post opinion

<b>By Lawrence H. Summers</b><p><b>Special to The Washington Post</b><p>There are many aspects of the economic policy of the new administration that I find misguided. …

The Big Con: what is really at stake in this US election

Big government helped make America great but it was so successful its effect has become invisible. Anti-Washington hatred helps only the super-rich and puts progress at risk for millions living with wage stagnation and rising inequality<p><i>Do you remember, your President Nixon?</i><p><i>Do you remember, the</i> …

Great Depression

LORD TURNER: 'We may be at a turning point in the nature of capitalism'

In an interview with Business Insider, Lord Turner said: "We have an economic malaise where the capitalism system is not delivering as well or to enough people to maintain its legitimacy.<p>"There's a certain sort of equality of citizenship that requires that everybody does OK. I think that may …

Economics

How Economists View the Rise of Artificial Intelligence

To really understand the impact of artificial intelligence in the modern world, it’s best to think beyond the mega-research projects like those that …

Mercedes Self-Driving Cars Would Kill Pedestrians To Save The Driver

The debate is over and pedestrians lose.<p>The technology is new, but the moral conundrum isn't: A self-driving car identifies a group of children running into the road. There is no time to stop. To swerve around them would drive the car into a speeding truck on one side or over a cliff on the other, …

Autonomous Cars

America’s Dairy Farmers Dump 43 Million Gallons of Excess Milk

Spilled milk hits highest in decades, as prices drop and supplies bulge; putting more butter in McMuffins and cheese in tacos<p>Farmers in the U.S. are pouring out tens of millions of gallons of excess milk, amid a massive glut that has slashed prices and has filled warehouses with cheese.<p>More than 43 …

Forestry

The 8 most impressive social good innovations from September

Innovations are constantly improving our world, especially when it comes to tackling global inequality.<p>With brainpower and skill, inventors are …

Reserve Bank of Australia

The British pound just went over a cliff

The pound has been hammered in trade today after French president François Hollande called for a hard Brexit for the UK.<p>Hollande didn't hold back in front of EU president Jean-Claude Juncker, according to a story that ran in the Financial Times, when he said "we must go all the way through the UK's …

Trading

Hubble Has Spotted Mysterious Balls of Plasma Shooting From a Star

Incoming.<p>NASA's Hubble space telescope has detected plasma balls roughly twice the size of Mars being ejected near a dying star at speeds so rapid, …

Universe

How Every Variety of the 2017 Porsche 911 Behaves on Track

From the base-model Carrera to the top-of-the-line Turbo S and GT3 RS, we took them all to Thunderhill for track testing.<p><i>Last summer, we put together a test examining the current state of the Porsche 911. It took place in Northern California, using both public roads and the 2.0-mile "west course"</i> …

Sam Smith

Watch an Acura NSX Stomp a Lamborghini Aventador in a Drag Race

Acura's hybrid supercar may not have the V12 Lamborghini's sound, but in a straight line, it's superior.<p>If you think about it, the Lamborghini Aventador is basically a Countach for the 21st century. It's loud and brash with styling that's impossible to miss. The Aventador is obscenely powerful, …

NSX

Can the private sector save us? Robert J. Samuelson

<b>By Robert J. Samuelson</b><p>WASHINGTON -- A great mystery of our time -- one that should frame the campaign debate -- is why the economic recovery has been …

Mobile order-ahead apps are finding success in the US

Quick Service Restaurant (QSR) apps, such as Starbucks and Chick-fil-A, dominated the food service app category for downloads in the US during the first half of 2016, according to App Annie.<p>On average, app downloads in this category grew at an average annualized rate of 35% between the first half …

Traders are loading up on bets against oil

1) First up, Saudi Arabia has cut its official selling price (OSP) for Arab Light into Asia for September by the biggest amount in nearly a year. The Kingdom has lowered its OSP to a $1.10/bbl discount versus Oman-Dubai; while some will interpret this as a signal of Saudi rolling up its sleeves to …

A huge part of the economy is hitting a wall

Loans allow businesses to build factories and hire workers, for people to buy homes, and for developers to build retail spaces. So when the spigot of credit gets shut off, the US economy tends to seize up.<p>According to the most recent Senior Loan Officer Opinion Survey report, it appears that the …

Jamaica is paying its oil debts to Venezuela with food instead of cash

The barter agreement comes at a time when Venezuela is suffering from acute shortages of basic products amid a major economic and political crisis.<p>Jamaica's government announced the deal last Friday, saying that the transfers will take place in the last quarter of this year and amount to $4 million.<p>…

THE SCIENCE OF LISTENING

<b>Being listened to is so close to being loved that sometimes your brain can't tell the difference.</b><p>There is so much about being human that is associated with being listened to. Empathy, connection, acceptance - some of the biggest things that we as humans want - all start with listening.<p>Listening …

Helping busy New Yorkers reclaim Summer Friday

New York invented the “Summer Friday” concept years ago, but only 8 percent of workers around the country actually take advantage of it these days, …

The science of why people insist on making idiotic choices

The gap between expert analysis and public opinion seems to be widening by the day. In the US, there is significant popular support for the policies of Donald Trump which the vast majority of experts regards as questionable, to say the least. In the UK, we have seen a broad consensus of economics …

Critical Thinking

Kroger Has Slapped Visa With a Lawsuit Over Debit Card Fines

Walmart (wmt) isn’t the only mega-retailer annoyed with Visa’s (v) debit-card policies.<p>Kroger (kr) is suing Visa over fines the grocery chain said …

Saputo's shrinking milk bags offer a lesson in customer relations

Savvy shoppers know, roughly, the price of staple items that frequently appear in their shopping baskets. Relatively few people, however, commit to memory the net weight of their favourite products.<p>But small changes in the number of sheets in a toilet paper roll, flakes in a cereal box or cheese in …

What Will Electric Cars Do To The U.S Gas Industry?

Electric cars are becoming more and more popular every day as consumers begin to realize that they can be up to three times as efficient as a …

This tech exec thinks one main belief about self-driving cars is 'bulls---'

Although there's widespread disagreement on exactly when we'll start seeing autonomous vehicles on the road, car companies and tech giants alike are pouring resources into the idea.<p>Google's efforts are some of the most visible: it has 58 self-driving cars on the road that have cumulatively driven …

United Airlines hopes slim seats and exclusive lounges will help generate $3 billion

Hoping to match the profit margin of his competitors, United Airlines Chief Executive Oscar Munoz laid out a plan this week to generate $3.1 billion in new revenue and savings by 2018.<p>One way he hopes to meet that goal is do what airlines have been doing a lot lately: Squeeze more thin-cushion …

United Airlines

Turmoil at one of the world's largest oil producers might drive up prices

Venezuela's oil production could fall by a half million barrels per day in 2016, according to a recent estimate from Barclays. Electricity blackouts, financial distress, lack of maintenance, and a shortage of imported light oil for processing could lead to faster declines in the South America …

Tencent just bought 'Clash of Clans' maker Supercell for $8.6 billion

Wow. This is huge. Supercell, the game developer behind insanely popular money maker games including Clash of Clans, Clash Royale, Hay Day and Boom Beach, is being acquired by Chinese conglomerate Tencent for $8.6 billion. To action the purchase, Tencent will acquire 84% of shares in the company …

Yellen: Gradual rate hikes appropriate given uncertainty in U.S. economy

Federal Reserve chair Janet Yellen, citing "considerable uncertainty" in the U.S. economic outlook and "vulnerabilities" from abroad, says the U.S. central bank will proceed "cautiously" when raising interest rates and sees a "gradual" pace of rate increases.<p>Yellen's comments on the U.S. economy …

Tencent buys 'Clash of Clans' maker Supercell for $8.6 billion

The purchase will expand Tencent's interests overseas, as the Chinese video game and social network group still relies mainly on its home market even though it has stakes in various foreign studios like Epic Games and Riot Games.<p>Tencent will acquire about 84.3 percent of Supercell via a …