Tag: Technology and innovation

Airbus and Boeing Are Signing Economic Suicide Pacts With China

By Marshall Auerback, a market analyst and commentator.Produced by Economy for All, a project of the Independent Media Institute Airbus is considering whether or not to shift the assembly process of its latest generation of A330 planes to China as part of a bid to increase its market share in the world’s fastest-growing civil aviation […]

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Technology: From Copycats to Innovators

By Richard Vague, Managing Partner, Gabriel Investments and Chair, The Governor’s Woods Foundation. Originally published in Democracy; cross posted from the Institute for New Economic Thinking website In 1787, in his capacity as secretary of the Pennsylvania Society for the Encouragement of Manufactures and the Useful Arts, [Tench] Coxe had provided support for a British […]

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Electronic Health Records: Death By A Thousand Clicks

Lambert: A blockbuster. No matter the initial intentions of the EHR boosters — among them, Obama, who earmarked $17 billion for EHRs in his $787 billion stimulus package — there seems to be no other real justification for them than fraud, whether by vendors or by upcoding. Plus physician burnout, if you consider replacing humans […]

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Can Facebook’s Mark Zuckerberg Be Trusted To Turn Facebook into a “Privacy-Focused Communications Platform?”

By Lambert Strether of Corrente Facebook CEO and squillionaire Mark Zuckerberg recently announced (in a Facebook post, naturally) that Facebook will become a “a privacy-focused communications platform.” He writes: As I think about the future of the internet, I believe a privacy-focused communications platform will become even more important than today’s open platforms. Privacy gives […]

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Money, Digital Cash and Cryptocurrencies: Privacy Matters

Lambert here: Or, see, I could arrange to have my 5G account checked and automagically topped up every hundred yards or so, wherever there’s a 5G tower, right out of my digital wallet. Convenient! Unless the Central Bank were running a bail-in, of course… By Emanuele Borgonovo, Professor, Department of […]

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The Doomsday Economics of ‘Proof-of-Work’ in Cryptocurrencies

Yves here. An important post, in that it describes fundamental limits of cryptocurrencies, namely, the high cost of transaction verification, which is destined to reduce their liquidity. By Raphael Auer, Principal Economist, Bank for International Settlements. Originally published at VoxEU Bitcoin and related cryptocurrencies are exchanged via simple technical protocols […]

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Trump Looks To Nationalize 5G

By Michael Kern, a newswriter and editor at Safehaven.com, Oilprice.com, and a writer at Crypto Insider. Originally published at SafeHaven Trump apparently wants to control 5G in a ‘state-run’ socialist twist to American capitalism—and now there are indications that it could become part of the 2020 election campaign. Over the […]

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Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable

By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Can Silicon Valley investors create $125-150 […]

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Corruption Fueling Choice of “Ballot Marking Devices,” not Paper Ballots, in Georgia, Pennsylvania Debacles

By Lambert Strether of Corrente. Readers will recall that H.R. 1, the Democrat’s flagship bill for the 116th Congress, gestures in the direction of paper ballots, but in fact allows ballot marking devices that rely on OCRs for the count and emit paper receipts for voters (often called ballots for […]

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Bezos Admits His Fortune Is Due to Public Infrastructure….Even as He Fought Paying a Homeless Tax in Seattle, Shakes Down Cities for Subsidies

As the lawyers like to say, res ipsa loquitur, or the thing speaks for itself. But I wanted to add a comment to this section of a section from a lightly edited Q&A held with Jeff Bezos at the Yale Club, published in Business Insider. Another factor that helped boost […]

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China Uses DNA to Track Its People, With the Help of American (Yale) Expertise

Yves here. This story on the role that a Yale scientist played in China getting access to DNA tracking technology is an example of how critically placed individuals can do considerable harm, or less often (sadly) good. This post goes a bit into the weeds but those of you who […]

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Why a Focus on “Fake News” and Facebook Misses the Internet’s Real Problems – and Solutions

Yves here. Needless to say, I have little sympathy for the handwringing over “fake news,” and worst, the plans to regulate content provision on the Internet. There is no evidence that “Russian” campaigns on social media has any impact on election results, and political scientists like Tom Ferguson have debunked […]

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Easter Eggs and Trojan Horses in the Democrats’ Flagship Bill, H.R. 1 (“For the People Act of 2019”)

Easter Eggs and Trojan Horses in the Democrats’ Flagship Bill, H.R. 1 (“For the People Act of 2019”) HR1 (text here) was, symbolically, the first bill introduced in this session of the House, and it rapidly aqquired 227 co-sponsors — of whom not one was a Republican. The bill garnered […]

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Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches

By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Overview of Uber 2018 results Uber […]

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Amazon Drops New York City Headquarters Plan in a Snit

When Alexandria Ocasio-Cortez and Michael Bloomberg agree on something, it’s worth taking seriously. Particularly if it involves New York City. Both New York City pols objected to the corporate welfare plan for Amazon, in the form of nearly $3 billion in subsidies, detailed in the Financial Times chart below, for […]

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“Reverse Location Search Warrant”: A New Personal Data Hoovering Exercise Brought to You by Google

Despite the Snowden revelations of the extent of official data gathering and storage on individuals, the overwhelming majority of citizens have not only resigned themselves to electronic surveillance but are putting themselves in a position to have their habits examined microscopically by bringing eavesdropping digital assistants into their home and […]

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Cryptocurrency Firms Regularly Lose Codes and Money

Yves here. This Real News Network segment covers another one of our pet themes, “cryptocurrencies = prosecution futures,” by looking at scams perpetrated against cryptocurrency users. [embedded content] MARC STEINER: Welcome to The Real News Network. I’m Marc Steiner. Great to have you with us. Bitcoins, cryptocurrency, are all a […]

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A Serious Green New Deal Would Take Up One-Third of the Economy—Are We Ready for That?

Yves here. I have to confess to being not keen about various Green New Deal proposals. They feed the idea that we can largely preserve our lifestyles and still make a big enough reduction in greenhouse gas output soon enough to ward off catastrophic outcomes. There are in my mind, […]

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Marshall Auerback: In Antitrust, Size Isn’t Everything

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute When it comes to businesses in need of reform, the saying “size isn’t everything” should apply. Unfortunately, this isn’t the thinking in the realm of antitrust, where size is seen […]

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Soros Warns Against AI Promoted Surveillance and Authoritarianism; Singles Out China’s Existing Tools and Ambitions

When squillionaires are on the right side of an issue, their efforts should be applauded. George Soros has been a vigorous critic of Big Tech surveillance and lambasted Google and Facebook last year at Davos. This year, he returned to this theme and highlighted China’s wide ranging domestic spying powers […]

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