Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming.
“Most of the benefits we see from automation is about higher quality and fewer errors, but in many cases it does reduce labor,” Michael Chui, a partner at the McKinsey Global Institute, said on Tuesday during a panel on “Is Any Job Truly Safe?”
As said over and over, and over again since 2012, look for a multi-bloc Europe. This is the most sensible outcome to the mess and a newly formed United States of Europe is around the corner after the EU turmoil. This is why you will see increased calls for further integration and unification, regardless of the turmoil. In Europe all roads lead to Berlin’s Fourth Reich dominating the continent through it’s Troika.
It’s not more political union the EU needs to survive, but more economic success – and some common sense
Sometimes it is easier to see what will happen in three or four years’ time than what will happen in three or four days. And so it is with Greece. One of the things that many of us will have found distressing, alongside the hardships heaped on the Greek people, has been the tone of the debate between the country and the EU’s dominant economy, Germany: fury on the one hand, and something close to contempt on the other. This is not the ever closer union envisaged by the founders of the EU and enshrined in the Treaty of Rome. Ironically the key device designed to pull Europe even closer together, the euro, is driving it apart. Continue reading →
As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults
Nonetheless, where Argentina treads, others will surely soon be following. The world is sinking under a sea of debt, private as well as public, and it is increasingly hard to see how this might end, except in some form of mass default. Continue reading →