7 Ways My Modern Country Turned Into a Dystopia Overnight. Total economic collapse: we all know it happens, but we're much more used to dealing with the concept via Robocop.
There are, however, real people out in the world who have watched the bottom fall out of their national economy. Greece started the 2000s with record wages and falling unemployment. Then the global economy drunkenly jumped off the high dive into an empty pool, and this happened to Greece's unemployment rate: QuartzPlus, unemployment among unemployed workers is nearly 100 percent. It was a disaster of robot cop-ian proportions. . #7. Vladimir Rys/Getty Images News/Getty Images For a while, I took a taxi cab to work every day. Jacob Peter GowyOr wings, but that's always a risky choice for Greeks. This is a problem we have today in Greece, but it's a problem that also crops up in any major city when the economy Biff Tannen's face-first into a manure pile. Matthew Lloyd/Getty Images News/Getty Images "Even for Piccadilly, this is a circus. " #6. . #5. . #4. One Chart Showing Who Trades With Who In The World. OK, so the big economies - US, China, and Germany - all have big slices of the overall circle, and that's no surprise.
The city-states - Singapore and Hong Kong - and near city-states like the Netherlands and UAE also have big pieces. They have a high population-to-border ratios, though, so that's also not surprising. Some countries have the opposite problem - very low population per border, like the continental empires of Russia, Brazil, and Australia.
They have small arcs because they have so many internal areas to trade among. Then there are the countries that punch above their weight in trade terms, ones with low population and big area, yet large trade. TIL that China has built a new skyscraper every five days, more than 30 airports, metros in 25 cities, the three longest bridges in the world, more than 6,000 miles of high speed railway lines and 26,000 miles of motorway, all in the last 5 years. : today. Google Buys Boston Dynamics in Sensational Eighth Robotics Acquisition. Google just acquired Boston Dynamics.
It’s the eighth robotics company the California tech titan has purchased in six months and, by far, the most significant. For two decades, Boston Dynamics has produced some of the world’s most advanced robots. Neil Jacobstein, co-chair of the Artificial Intelligence and Robotics Track at Singularity University, told Singularity Hub, “This is a watershed event. A very big deal. Google is buying up high potential robotics companies. Even if you don’t follow technology or robots closely, you may have watched one of their viral videos with some combination of awe, fear, and the realization that robots are nowhere near as clunky as you thought they were. The firm’s humanoid Atlas and Petman robots can balance on two legs, walk, and do calisthenics. The Boston Dynamics bots are rugged and multi-functional. Google, meanwhile, has billions at its beck and call. It’s simple addition to see why the deal is making headlines.
Boston Dynamics robot cheetah. The Freight Train That Is Android. March 24, 2011: March 24, 2011: [Follow Me on Twitter] “People get ready, there’s a train a comin’” - The Impressions From Zacks via Yahoo: Mark Vickery, On Thursday March 24, 2011, 4:58 pm EDT “BlackBerry maker Research In Motion (NasdaqGS: RIMM – News) beat its fiscal 4Q EPS estimates by 2 cents per share, but missed slightly on quarterly revenues and offered guidance well below the current consensus.
This has sent RIMM shares down nearly 10% in after-market trading…” Yesterday, after the market closed, Research in Motion, the makers of the Blackberry device, announced that they would be lowering their current quarter earnings due to lower average sales prices. Despite all that has been written about Android, as well as its unquestionable early success, the world at large still doesn’t fully appreciate the raw power of this juggernaut. One of Warren Buffet’s most famous quotes is that “In business, I look for economic castles protected by unbreachable ‘moats’.”
Firefox a handsome fee. Google’s iron grip on Android: Controlling open source by any means necessary. Six years ago, in November 2007, the Android Open Source Project (AOSP) was announced.
The original iPhone came out just a few months earlier, capturing people's imaginations and ushering in the modern smartphone era. While Google was an app partner for the original iPhone, it could see what a future of unchecked iPhone competition would be like. Vic Gundotra, recalling Andy Rubin's initial pitch for Android, stated: He argued that if Google did not act, we faced a Draconian future, a future where one man, one company, one device, one carrier would be our only choice. Google was terrified that Apple would end up ruling the mobile space. In that era, Google had nothing, so any adoption—any shred of market share—was welcome. Today, things are a little different. As we've seen with the struggles of Windows Phone and Blackberry 10, app selection is everything in the mobile market, and Android's massive install base means it has a ton of apps. Search. Warren Buffett on castles and moats by Matt Linderman of 37signals.
“In business, I look for economic castles protected byunbreachable ‘moats’.”
-Warren Buffett According to Buffett, the wider a business’ moat, the more likely it is to stand the test of time. In days of old, a castle was protected by the moat that circled it. The wider the moat, the more easily a castle could be defended, as a wide moat made it very difficult for enemies to approach. A narrow moat did not offer much protection and allowed enemies easy access to the castle. Morningstar’s site explains why the concept of economic moats is a cornerstone of its stock-investment philosophy and describes some of the main features of wide moats. Low-Cost Producer: Firms that can figure out ways to provide a good or service at a relatively low cost have an advantage because they can undercut their rivals on price. Economy of India. The independence-era Indian economy (from 1947 to 1991) was based on a mixed economy combining features of capitalism and socialism, resulting in an inward-looking, interventionist policies and import-substituting economy that failed to take advantage of the post-war expansion of trade. This model contributed to widespread inefficiencies and corruption, and the failings of this system were due largely to its poor implementation. In 1991, India adopted liberal and free-market principles and liberalised its economy to international trade under the guidance of Former Finance minister Manmohan Singh under the Prime Ministrship of P.V.Narasimha Rao, who had eliminated Licence Raj, a pre- and post-British era mechanism of strict government controls on setting up new industry.
Overview The combination of protectionist, import-substitution, and Fabian social democratic-inspired policies governed India for sometime after the end of British occupation. History Hans Rosling: Let my dataset change your mindset. Gapminder: Unveiling the beauty of statistics for a fact based world view. Hans Rosling: The magic washing machine. China's middle-class boom - Jun. 26. Since 1980, yearly earnings for an average Chinese household multiplied ten times over.
NEW YORK (CNNMoney) -- As China's economy has exploded over the last 30 years, so too have the incomes and living standards of average Chinese people. The average disposable income of urban Chinese households rose to around $3,000 per capita in 2010, according to an analysis of official government statistics by China Market Research Group. That means a typical family of three earns around $9,000 a year. While that might not sound like a lot by U.S. standards, it's a boon for Chinese residents, who have seen their yearly earnings multiply tenfold since 1980. Over the past 10 years alone, incomes have quadrupled. Of course, incomes vary greatly from region to region, with most of the wealthier residents residing in the cities. "A rule of thumb is a household with a third of its income for discretionary spending is considered middle class," Wang said.
Watch 10 seconds of high-frequency stock trading in super slow motion. Presumably, it will take them a bit of time to actually read out the resolution.
How do you know there weren't computers executing the trade before the news reached Chicago? Maybe they were measuring the probability that the decision would be made. In addition, a spike in trading could be bets placed both ways. There could be short options bought or long. Likely they were. If you are conspiratorial minded, you would say that people in Chicago had been leaked the news but waited until it was officially released to execute. If you are less conspiratorial, you could say that everybody knew that some piece of news was going to be released and the bots were programmed to pounce. Or, you can believe in the laws of Science Fiction as written by Douglas Addams and say that this is proof that nothing travels faster than bad news. Tomorrow's cities: Just how smart is Songdo? 1 September 2013Last updated at 21:36 ET By Lucy Williamson BBC News, Seoul A look at the newly built city of Songdo in South Korea As cities around the world look to technology to make themselves "smarter" many are watching Songdo.
Built with smart technologies very much a part of its DNA, it sits adjacent to Seoul, already regarded as one of the hi-tech capitals of the world. So has the experimental city, dubbed by some as a "city-in-a-box" because of its reliance on technology, been a success? Building a city from scratch offers challenges as well as opportunities. In South Korea, part of that challenge is to deliver a markedly smarter city than Koreans are used to. So what else can a city like Songdo offer? Clever rubbish The waste system sucks rubbish directly from kitchens to a processing centre On the technological front, a brand new city offers the chance to build some futuristic hardware.
Songdo has been designed with sensors to monitor temperature, energy use and traffic flow. Park life. Daryl Oster on Singularity 1 on 1: Evacuated Tube Technologies to Bring Space Travel on Earth. Podcast: Play in new window | Download | Embed Daryl Oster is an inventor and engineer who wants to bring space travel to Earth. The idea is called ET3 - Evacuated Tube Transport Technologies. Oster is the CEO of ET3 and his company “uses an open consortium business model to share information resulting in co-operative benefits.” The goal is nothing less but building a radically new high-speed global network of transportation that will be cheap to use and maintain; safe not only for passengers but also for the environment; accessible to and affordable for everyone on Earth; quiet and fast (with speeds eventually reaching 4,000 mph).
(As always you can listen to or download the audio file above, or scroll down and watch the video interview in full. What is Evaculated Tube Transport? Who is Daryl Oster? Daryl Oster conceived the basic principals of ET3 in the 1980s, refined and founded the company in 1997, and received the first technology patent in 1999. Hype Builds Before Elon Musk’s August Alpha Plan for SF to LA Hyperloop. I liked going to the bank drive-through with my mom as a kid. She’d send her checks to the teller inside by shooting a cylinder through a pneumatic tube. I always wanted a ride in that thing. And while there remains a woeful shortage of pneumatic tubes transporting people at the moment—that unhappy state of affairs may not last forever. Elon Musk, the billionaire tech mogul behind PayPal, Tesla Motors, and SpaceX and the entrepreneur who wants to colonize Mars with a vertically landing, reusable rocket—that guy—recently announced he’s been busy thinking about building a pneumatic tube to shuttle people from SF to LA at 600+ mph.
He calls it the Hyperloop. When asked to describe the Hyperloop at D11, Musk told the audience that if the Concorde had a three-way with a railgun and an air hockey table—the Hyperloop would be their baby. Musk says he came up with the idea when contemplating California’s high-speed rail project between San Francisco and Los Angeles. No, not new. Musk Estimates Hyperloop Could Shoot Travelers from SF to LA at 760 Miles Per Hour. Elon Musk has long been hinting at a high-speed form of transportation enigmatically named the Hyperloop. Earlier this summer, he promised to reveal his Hyperloop plans in August.
After a round of media hype and an all-nighter with his engineers at SpaceX and Tesla Motors, Musk recently posted the 57-page Hyperloop Alpha plan online. The man isn’t known for moderation, and the Hyperloop isn’t exactly conservative. Though he says the plan is based on existing technology, the cost and design are so far on paper only. There are no proposals to build a prototype or scale it up. What is the Hyperloop? At high subsonic speeds, the pods face significant resistance from the tube and air. But Musk says lining the tube with magnets is too expensive, and it’s incredibly difficult and costly to maintain a vacuum over hundreds of miles. His plan offers a novel way around these obstacles. The pods will be pressurized, and in the event of a loss of pressure, oxygen masks will drop down.
Hyperloop Could Totally Work. But Will It Ever Happen? Young Americans are Abandoning Car Ownership and Driving. It’s the interview that sparked a huge fight between director Abdellatif Kechiche and actress Léa Seydoux. The 10-minute graphic lesbian sex scene in the masterful French Drama ‘Blue is the Warmest Color,’ winner of the Palme d’Or, stunned Cannes. At Telluride, Marlow Stern spoke to the film’s two onscreen lovers about ‘that scene’ and why they’ll never work with Kechiche again. Film festival reviews are, as is their wont, often prone to hyperbole. Even the most weathered of movie critics can get swept up in the wonder of it all. But make no mistake about it: the French drama Blue is the Warmest Color is filmmaking—and acting—of the highest order. Directed by Abdellatif Kechiche, and based on a graphic novel by Julie Maroh, Blue tells the story of Adèle (Adèle Exarchopoulos), an awkward but beautiful 15-year-old girl whose initial sexual forays leave much to be desired.
Do you remember the first time you thought you were in love? Léa: For me, I was maybe ten years old. Right. Wait. Right.
Didn’t Get The Job? A Computer May Be To Blame. Robots continue to invade the workplace. But these bots aren’t going to sift through mountains of paperwork or fetch a pair of scissors for you. On the contrary, it is you who will have to answer to them. There’s a fast-growing trend in the corporate world to replace human bias with algorithmic precision during the hiring process. In addition to an interview – or even during pre-interview screening – hopeful applicants are completing questionnaires. But unlike similar questionnaires of the past, it’s the computer that looks at the answers and decides whether or not the applicant has got what the company is looking for. Companies like Xerox. A large part of the testing is personality-based. Some of the questions attempt to gauge the applicant’s feelings toward alcohol or how tolerant they would be of a long commute. But do the algorithms really work or are they simply a way for companies to automate bad hiring practices?
Lawyers Object As Computer Program Does Job Better. Over half the world now live in cities according to UN Report. Amsterdam Tries to Change Culture With ‘Repair Cafes’ Rachel Botsman: The currency of the new economy is trust. Eddie Obeng: Smart failure for a fast-changing world. Startup Aims To Install Pipelines With Helicopters…Really! Beyond Today - Larry Page - Zeitgeist 2012.