Authored by Justin Murray via The Mises Institute,
Time and time again, these pages have listed numerous benefits of automation and robotics. The discussions point out that mechanization doesn’t make us poor, that attempting to tax machines is counter-productive. Automation even makes our jobs safer as we can offload dangerous tasks to a metal creation.
Authored by Narjas Zatat via Indy100.com,
People in Greece can’t afford to have more than one child, and many are opting to have none at all.
Fertility doctor Minas Mastrominas tells the New York Times that some women have decided not to conceive, and single-child parents have been asking him to destroy their remaining embryos.
He said:
After eight years of economic stagnation, they’re giving up on their dreams.
After laying ruin to the defined-benefit pension plans of public and private employees over the past several decades, Wall Street has its sites set on its next victim: mom-and-pop 401(k)s. Sure, because as our recent headlines confirm, wall street money managers have worked wonders for public/private pension funds:
While various Fed presidents continue to toe the party line, saying they expect 3 rate hikes in 2017, most recently the Fed's Kaplan earlier this morning, the firm which not only sets Fed policy but now openly tells the president what to do, Goldman Sachs, is starting to get cold feet, and in a note released overnight, the firm's chief economist Jan Hatzius says that "we have become a bit less confident about near-term hikes." The U-turn was to be expected as it comes just days after Goldman threw in the towel on its long-dated strong Dollar call, which traditionally comes hand in hand wit
While the Fed's traditionally drab Beige Book described the US economy in conventional terms, growing "at a modest to moderate" pace, one relatively new development was the recurring complaint by employers that they are having an increasingly more difficult time in finding qualified and skilled workers to fill empty positions.