Robots Are Coming for Jobs of as Many as 800 Million Worldwide

 

As many as 800 million workers worldwide may lose their jobs to robots and automation by 2030, equivalent to more than a fifth of today’s global labor force.

That’s according to a new report covering 46 nations and more than 800 occupations by the research arm of McKinsey & Co. Continue reading

Report: Traditional Wall Street model “no longer an option”

Global management consulting firm McKinsey & Co has released a report detailing that the traditional Wall Street model is “no longer an option.”

(NEW YORK, NY) Despite slashing billions in costs and retrenching from key businesses since the financial crisis, Wall Street banks still have not done enough to repair and restructure, according to a new report.

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It’s official: America is now No. 2

Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed. Continue reading