A GERMAN diplomat lambasted ‘hard’ Brexiteers who think Britain can gain from leaving the European Union, saying Brussels will make sure the move is negative.
Thomas Matussek, former German Ambassador to the UK, said the Brexit divorce bill would be “considerable” and transitional period “long”.
Britain will be the first of many nations to leave the EU, Daniel Kawczynski MP tells Westmonster.
The EU Army is dangerous, will be ‘a disaster’ and must be stopped from coming to fruition, Tory MP Daniel Kawczynski told Westmonster.
In a no holds barred interview, Kawczynski said he is absolutely certain Britain will be the first of many countries to leave the EU and added that he knows Eastern European nations are getting sick and tired of Brussels meddling in their domestic affairs. Continue reading
A major American credit reporting agency entrusted to safeguard personal financial information said Thursday hackers looted its system in a colossal breach that could affect nearly half the US population as well as people in Britain and Canada.
Equifax said that a hack it learned about on July 29 had the potential to affect 143 million US customers, and involved some data for British and Canadian residents.
The Atlanta-based company disclosed the breach in a release that did not explain why it waited more than a month to warn those affected about a risk of identity theft. Continue reading
Here what your very near future looks like. It’s actually already here in a sense with 3D printing, autonomous vehicles on the road, etc… The only thing keeping it from being on a full scale is a catalyst. Robotics and virtual reality are the fourth industrial revolution. Inventions such as HyperLoop will destroy businesses from airlines and taxi services (even Uber) to the postal service and automobile manufacturers.
Logistics will be changed forever — and that’s just one sector. Whatever is redundant will be taken over. This includes not only blue collar jobs such as restaurant services, but white collar jobs such as accounting and financial analysis. A good example would also be in the banking industry where tellers are already replaced with ATMs, and likely soon to be completely replaced and out of work.
A modern day feudal system will be built in response, where the politicians lord over the formerly employed, peasants of today’s times.
HONOLULU — Driverless trucks. Factory robots. Delivery drones. Virtual personal assistants.
As technological innovations increasingly edge into the workplace, many people fear that robots and machines are destined to take jobs that human beings have held for decades–a trend that is already happening in stores and factories around the country. For many affected workers, retraining might be out of reach —unavailable, unaffordable or inadequate.
Enter the idea of a universal basic income, the notion that everyone should be able to receive a stream of income to live on, regardless of their employment or economic status.
Yes, there is a civil war looming in the United States.
But it will look little like the orderly pattern of descent which spiraled into the conflict of 1861-65. It will appear more like the Yugoslavia break-up, or the Russian and Chinese civil wars of the 20th Century.
It will appear as an evolving chaos.
And the next US civil war, though it yet may be arrested to a degree by the formal hand of centralized gov-ernment, will destabilize many other nation-states, including the People’s Republic of China (PRC).
Exports outweigh imports in February, April, May: EIA
The U.S. has been a net exporter of natural gas for three of the first five months of 2017, according to a note released by the EIA. This is historically significant, as February, April and May are so far, the only months in which the U.S has been a net exporter of natural gas since 1958. Continue reading
Science of the Total Environment, by Marco Kaltofen (Nuclear Science and Engineering Program, Department of Physics, Worcester Polytechnic Institute) and Arnie Gundersen (Fairewinds Energy Education), Dec 2017 (emphasis added): Radioactively-hot particles detected in dusts and soils from Northern Japan… Radioactive particles from Fukushima are tracked via dusts, soils, and sediments; Radioactive dust impacts are tracked in both Japan and the United States/Canada; Atypically-radioactive particles from reactor cores are identified in house dusts… After the March 11, 2011, nuclear reactor meltdowns at Fukushima Dai-ichi, 180 samples of Japanese particulate matter (dusts and surface soils) and 235 similar U.S. and Canadian samples were collected and analyzed… Continue reading
Please see the source for the video.
- Fund lowers forecast for U.K. growth after soft first quarter
- Growth seen picking up in China, Japan, euro zone, Canada
The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.
The fund left its forecast for global growth unchanged in the latest quarterly update to its World Economic Outlook, released Monday in Kuala Lumpur. The world economy will expand 3.5 percent this year, up from 3.2 percent in 2016, and by 3.6 percent next year, the IMF said. The forecasts for this year and next are unchanged from the fund’s projections in April. Continue reading
I’ve just wrapped up a long trip to Japan. And I’ve taken away one lesson from all of my conversations, speeches and research: The rise of nationalism in the U.S. will cause massive shifts in global trade alliances.
One of the main beneficiaries will be Japan. Now, Japan might not be on your radar, day-to-day, but it’s about to play a very important role in the world of Donald Trump.
Here’s what I mean… Continue reading
Shortly after yesterday’s rate hike by the Bank of Canada, its first since 2010, we warned that as rates in Canada begin to rise, the local economy which has seen a striking decline in hourly earnings in the past year, which remains greatly reliant on a vibrant construction sector, and where households are the most levered on record, if there is anything that can burst the local housing bubble, it is tighter monetary conditions. And a bubble it is, as the chart below clearly demonstrates… one just waiting for the pin, which as we suggested yesterday in “”Canada Is In Serious Trouble” Again, And This Time It’s For Real“, may have finally been provided thanks to the Bank of Canada itself. Continue reading
PIRA Energy has predicted that U.S. crude oil exports will top 2 million barrels by 2020, reaching 2.25 million bpd. That’s more than what most OPEC members export, the FT notes, citing the research company’s figures. As of 2016, the U.S. average daily export rate was just 520,000 bpd, although in May, the average daily was 1.02 million barrels, after the 1-million-bpd mark was passed early in the year. Continue reading
On June 27, the ATM turns 50. Former US Federal Reserve Chairman Paul Volcker once described it as the “only useful innovation in banking.” But today, the cash that ATMs dispense may be on the endangered list.
Cash is being displaced in so many ways that it’s hard to keep track. There are credit cards and electronic payments; apps such as Venmo, PayPal and Square Cash; mobile payments services; cryptocurrencies that operate outside the purview of central banks; and localized offerings such as Kenya’s mPesa, India’s Paytm and Bangladesh’s bKash. These innovations are encouraging cashlessness across communities worldwide.
It’s reasonable to expect cash to follow the path of other goods that have been replaced by digital alternatives, such as photos, music, and movies. Will cash – and the ATMs that dispense it – experience a “Blockbuster” moment and disappear from our neighborhoods? Continue reading
Chinese billionaire and Alibaba founder Jack Ma predicted this week that in 30 years, people will be working less than they do now. According to NBC:“I think in the next 30 years, people only work four hours a day and maybe four days a week,” Ma said.
“My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy.”
Only time will tell if Ma’s prediction will come true in terms of its time horizon and magnitude. But, if the next century follows the pattern of the previous 150 years, we could be looking at continued and significant reductions in total working hours. Continue reading
Canada’s Senate passed a bill that places “gender identity” and “gender expression” into the country’s Human Rights Code and the hate crime category of its Criminal Code.
Bill C-16 passed by a vote of 67-11 and now only needs royal assent from the governor general to become law. Continue reading
There are several key factors that have contributed to the financial fragility of the masses and our economy today. First, is that over the past 30 years, globalization and technology have helped to reduce the number of middle-class jobs available domestically. Fewer jobs and superfluous workers have led to stagnating incomes for most. At the same time, living expenses for critical services that are domestically-produced like education, medical services, child-care, housing and fresh food have all strongly outpaced income gains. Continue reading