Richard Howes

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Miniature fuel cell to keep drones aloft for over an hour and phones charged for a week

Drones are being utilized in everything from parcel delivery to search and rescue, but their limited flight times are restricting their ability to …

The End of the Establishment?

Step back from the campaign fray for just a moment and consider the enormity of what's already occurred.<p>A 74-year-old Jew from Vermont who describes himself as a democratic socialist, who wasn't even a Democrat until recently, has come within a whisker of beating Hillary Clinton in the Iowa caucus, …

How Silicon Valley Could Solve–Instead Of Cause–Income Inequality

The self-styled brightest minds of our generation don’t seem to want to touch one of the greatest challenges of our time.<p>In a world where the richest 1% owns half the wealth in the entire world, inequality is one of the defining issues of our times. Along with politicians, scientists, and …

Silicon Valley

New method for bio-designing yeast could improve biofuel production

A new strain of yeast that could improve the efficiency of making fuel from cellulosic biomass such as switchgrass has been discovered by …

States where the middle class is dying

Despite the country’s unemployment rate falling below 5% in January for the first time since 2008, and the Federal Reserve’s decision to raise interest rates for the first time since 2006, concerns about wage growth — particularly among middle earners — remain. Since 2010, as the country began to …

Income Inequality

This is how economic empires collapse

This is a tough assignment, as there are as many kinds of collapse as there are systems: fragile ones can collapse suddenly, and resilient ones can decay for years or even decades before finally imploding or withering away.<p>Another way of describing collapse is: complex systems become much less …

Paul Krugman: Conservatives want you to believe there’s “a longer-term case in favor of vast inequality”

Recent experience has not been kind to the conservative position, but they’re not <em>not</em> going to take it<p>New York Times columnist Paul Krugman argued on Friday that contrary to what the conservative elite believe, the economy "can flourish with much less concentration of income and wealth at …

How much inequality is too much?

<b>The richest 10% of Americans earn half of all of income. In Britain, the top 10% hold 40% of all the income.</b><p>Inequality isn't just an issue for rich countries: a billion people have been lifted out of poverty since 1990, but inequality has also been rising in many countries too.<p>Four experts talk to …

Income Inequality

This Country Is Paying People to Live There

The government of Finland is currently looking into whether it would be financially wise to get rid of its existing social service programs in favor …

Why I don't celebrate income inequality

I am not writing about this out of the blue - this seems to be the topic of the day in my social stream based on blogs written, retweets rendered and attaboys handed out.<p>I found the conversation a bit disconcerting. Yes, income inequality exists, and, yes, it's a natural consequence of capitalism …

Middle-class

Artificial intelligence, free money and the end of capitalism

<b>Hey did you see that the Dutch city of Utrecht is experimenting with giving a ‘basic income’ to citizens whether they work or not? Pretty crazy, huh?</b><p>Yeah, it’s a bold experiment, but not the first time someone’s tried it. In Alaska, for example, every resident of the state gets a payout every year …

Artificial Intelligence

How drones can detect crop problems early to keep farmers on track

From Sri Lanka to Uganda, UAVs with near-infrared sensors are monitoring plants for pests and disease, with implications for agricultural policy worldwide<p>The traditional image of a farmer standing in a field, squinting anxiously at the sky for signs of rain, may be about to get a 21st-century …

Farming

This AI expert says that a robot economy will force us to give people unconditional free money

At least, that's what data scientist and artificial intelligence expert Jeremy Howard believes.<p>According to Howard, <b>the pool of displaced workers will just keep growing exponentially, and the solution is to level the playing field.</b><p>Howard delivered this argument in a recent panel discussion held at …

Paul Krugman: Rupert Murdoch-controlled media slams new Ryan Gosling, Brad Pitt movie for getting 2009 financial crisis correct

“The true story of what happened is deeply inconvenient to some very rich and powerful people,” Krugman argued<p>"The Big Short," the new film starring Ryan Gosling, Brad Pitt, and Christian Bale based on the Michael Lewis book of the same name, is the movie "the enemies of financial regulation …

The New Reign of the Top One Thousandth

Ever since Thomas Piketty's coming out party, debate has raged in America over the implications of inequality of wealth and income. A new research …

Can’t Get to the Gym Today? Try the Home Workout from Hell

You’ll do more work and burn more fat in 30 minutes than you normally do at the gym<p>Think it’s pointless to work out if you can’t make it to the gym?<p>Then you’ve never tried my Home Workout from Hell. (Note: It’s just as hellish in a hotel room.)<p><b>Related:</b> RIPTENSITY: The New Training System From <i>Men’s</i> …

Pay inequality between bosses & workers ‘widening’ every year, study shows

Research by the Labour Research Department into the pay packets of the top 350 company boardrooms shows 52 executives were paid at least 100 percent more than last year, showing how pay inequality is widening at a staggering rate.<p>The analysis shows 535 executives earn over £1 million a year with an …

The inequality trap

<i>Standfirst: In this excerpt from his new book, The Inequality Trap: Fighting Capitalism Instead of Poverty, McGill University economist and Post</i> …

Income Inequality

Does income inequality make rich people less generous?

Wealthy people from states in the US with relatively higher levels of income inequality appear to be less generous than their peers from states with more equal income distributions, according to a new study in the Proceedings of the National Academy of Sciences.<p>Researchers from Stanford University …

Income Inequality

Thomas Piketty might have the most controversial theory for what's behind the rise of ISIS

It may prove more controversial than his book, which continues to generate debate in political and economic circles.<p>The new argument, which Piketty spelled out recently in the French newspaper Le Monde, is this: Inequality is a major driver of Middle Eastern terrorism, including the Islamic State …

British Lawmakers Call for Sugar Tax to Fight Obesity

British lawmakers urged the government on Monday to introduce tough measures, including a tax on sugary drinks and controls on price promotions for "unhealthy food and drink", to try to tackle childhood obesity.<p>Parliament's Health Committee said there was "clear evidence that measures to improve …

Diabetes

Postcapitalism for Martians

<i>A lecture at the London School of Economics, 18 November 2018</i><p>In 1991 the nobel prizewinner Herbert Simon conducted a thought experiment: what would …

The secret to reducing inequality: What economists and business leaders still can’t grasp

Progressive policy wonks’ growing fascination with “Short-Termism” could be putting out long-term interests at risk<p>The concept of Short-Termism is fast becoming the darling of progressive economic policy wonks. Predictably, the discourse is littered with inaccuracies and half-truths as pundits rush …

Why No One Will Implement the Best Solution to Economic Stagnation

The other day, something remarkable happened. One of the most beloved brands in the world attributed its poor results not to competition, innovation, or talent…but to flat incomes. The average person, Hershey said, was simply too poor to keep buying its products, and so allow the company to …

Inequality is bad for everyone – even the rich – and here's the Morgan Stanley report to prove it

And yes, even the rich ought to worry about the way they are taking an ever-increasing share of society's wealth and income, according to a weighty new analysis of inequality in the richest, developed economies from Morgan Stanley.<p>It's not all gloom, according to Morgan Stanley senior economist …

New Zealanders need to share our common wealth. Let's start by discussing inequality

The emergence of a young, monied elite whose inherited wealth is highly visible is a new thing for New Zealand – but how do we respond?<p>When I went on television to launch my new book about wealth inequality in New Zealand, I didn’t expect much of a backlash. The core of my book is straightforward …

Home Ownership

Economic radicalism is the only answer: The most practical way to fix our broken economy

<b>(AP/Robert F. Bukaty)</b><p>“Between Debt and the Devil” author Adair Turner on how our fears of fiscal deficit are holding us back and more<p>Lynn Stuart Parramore<p>November 22, 2015 1:00pm (UTC)<p>This article originally appeared on AlterNet.<p><i>Adair Turner, Chairman of the Board of the Institute for New Economic</i> …

Economics