India is going to endorse a Universal Basic Income (UBI), according to a leading advocate of the system.
The world’s largest democracy will release a report in January stating that UBI is “basically the way forward,” according to Professor Guy Standing, who has worked on universal income pilot projects in India.
If implemented, India would join Finland in providing free money to citizens.
Think universal basic income is a pipe dream? Experiments all over the world are already showing its potential to transform society for the better.
Leader: “Why you should worry about intelligent machines”
The answer may be counter-intuitive: Not only can Bitcoin be widely adopted under a supply cap, its trust and integrity are a direct result of a provably limited supply. As a result, it will flourish because it is capped.
Everyone Can Own and Trade a Limited Commodity, IF…
…if it is both measurable and divisible. Bitcoin has a capped supply just as gold has a capped supply. Although both assets will be mined for some time into the future, there is only so much that will ever be uncovered. Thereafter, the total pie cannot grow.
But the transaction units will continue to grow as needed, because the pie is divisible into very, very tiny units:
There will eventually be 21 million BTC and each coin is divisible into 108 units. This yields (21 million * 100 million), or 21 trillion exchangeable units. And, it can be divided further by consensus.
As Bitcoin is adopted—whether as a simple payment instrument, an investment asset or even as national currencies around the world—each unit of the limited supply simply rises in value. If thought of as a currency, with a value established by supply & demand, it leads to a deflationary economy.
But, Isn’t Deflation Bad for the Economy?
It’s common to associate deflation with economic ills. One need only glance back at the the last century to conclude that deflation coincides with wars, joblessness, recession and a crippling concentration of wealth. Perhaps, just as bad, the tools used to pull a nation out of deflation often force governments to cherry pick beneficiaries of stimulus spending.
But it is important to note that deflation plays no role in causing these things. On the contrary, it is an effect rather than a cause… In fact, when a supply cap is introduced as a designed control input for monetary policy, all sorts of good things follow. I address these in various answers at Quora. Dig in:
Philip Raymond co-chairs Cryptocurrency Standards Association. He was host and producer of The Bitcoin Event in New York. In his spare time, he edits A Wild Duck
https://www.youtube.com/watch?v=3qJbdVynGmg
Older than Sumerian script? The Danube Valley civilization is one of the oldest civilizations known in Europe. It existed from between 5,500 and 3,500 BC in the Balkans and covered a vast area, in what is now Northern Greece to Slovakia (South to North), and Croatia to Romania (West to East).
During the height of the Danube Valley civilization, it played an important role in south-eastern Europe through the development of copper tools, a writing system, advanced architecture, including two storey houses, and the construction of furniture, such as chairs and tables, all of which occurred while most of Europe was in the middle of the Stone Age. They developed skills such as spinning, weaving, leather processing, clothes manufacturing, and manipulated wood, clay and stone and they invented the wheel. They had an economic, religious and social structure.
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The relationship between the government and the auto industry is about to be transformed. But into what?
Eight years ago, that relationship hardly could have been more awkward. Two of the Detroit 3 were begging Congress for a lifeline. The federal government would later fire General Motors’ CEO, orchestrate a bankruptcy of GM and Chrysler and emerge as a shareholder in both — a highly un-American arrangement that would lead to a successful recovery, yes, but also lingering tensions and shame.
The relationship is different now, but it’s not necessarily better. The Obama administration shed the stake in the car companies but has wrapped its tentacles more tightly around the industry in many ways, including strict consent decrees to monitor safety and tough targets for fuel economy and greenhouse gas emissions.
Hmmm.
Technological and human rights implications for the world
China adopted the highly controversial cyber security law on 7th November 2016. The legislation which will take effect in June 2017 was passed by its largely rubber – stamp parliament emphasizing the ‘objective need’ of China as a major internet power. The stated objective of the law is to counter the growing threats such as hacking and terrorism. Overseas critics of the law are not amused as it has already triggered concerns among foreign business and rights groups that the law threatens to shut foreign technology companies out of various sectors which China deems as ‘critical’. The legislation also incorporates contentious requirements for security reviews and for data to be stored on servers in China.
China recognizes that cyberspace profoundly impacts many aspects of national security; it is a national space; a space for military action, important economic action, criminal action and for espionage. So it controls Internet through the world’s most sophisticated online censorship mechanism infamously known outside China as the Great Firewall. The human rights advocates contend that the law will further tighten restrictions on Internet which is already stifled by highly regulated governmental control. The legislation was in drawing board stage for long. Beijing released the draft Cyber Security Law in July 2015 to make all key network infrastructure and information systems ‘secure and controllable’.
Posted in 3D printing, bioprinting, economics, government, security | Leave a Comment on Advanced Tissue Biofabrication (ATB) Manufacturing USA Institute Will Focus on 3D Bioprinting Among Other Biofabrication Technologies
There’s really no sector in the United States (or much of the world) that has been untouched by the development of advanced manufacturing technologies – and no one seems to be underestimating the importance of the further development of those technologies in order to keep the country competitive. To that end, in 2014 the government established the National Network for Manufacturing Innovation (NNMI), more commonly known as Manufacturing USA.
The program brought together the industrial, academic, nonprofit and governmental sectors to establish a network of advanced manufacturing institutes for the purpose of accelerating new manufacturing technologies. President Obama proposed that the network grow to 45 institutes over the course of 10 years, and as of today, 12 have been established. The 12th, which was just announced by the Department of Defense, will be the Advanced Tissue Biofabrication (ATB) Manufacturing USA Institute, and will be led by the Advanced Regenerative Manufacturing Institute (ARMI), based in Manchester, New Hampshire.
“The investments we are making in advanced manufacturing, including today’s announcement, will ensure that the innovations needed to develop, manufacture and commercialize cutting-edge processes and materials will happen right here, in America,” said Defense Secretary Ash Carter. “They will provide important benefits to our war fighters and will help strengthen the economy that is the bedrock of our national security.”
Artificial intelligence (AI) technology has the potential to boost productivity but increase wealth inequality and wipe out millions of jobs, a research report by the White House claimed on Tuesday. With an increasing number of industries set to be affected by automation technology in the coming years, jobs could be displaced — a fear that has been voiced by academics and business leaders. Auto companies are developing driverless cars, and factories are seeing an increased use of robotics.
Because AI is not a single technology, but rather a collection of technologies that are applied to specific tasks, the effects of AI will be felt unevenly through the economy. Some tasks will be more easily automated than others, and some jobs will be affected more than others — both negatively and positively.
Researchers around the world have given varying estimates about the size of potential job losses. One recent estimate by Forrester suggests 6 percent of jobs in the next five years could be wiped out thanks to AI. The White House report cites a 2013 study from Oxford University suggesting that 47 percent of U.S. jobs are at risk because of AI. The report suggests that lower-skilled and less-educated workers could feel the heat the most. Overall, the White House report advocates a three-pronged approach to preparing for a future remade by AI that includes investing in AI for its benefits, training Americans for the jobs of the future and helping workers make the transition to new positions.
