A recent report by the Robotic Industries Association (RIA) revealed that current developments designed to make robots smaller and cheaper has led to a significant increase in their sales over the previous year. According to the report, this is due in part to an increasing number of North American countries, such as U.S., Mexico and Canada, that move manufacturing sites closer to the U.S. market. The report also noted that North American manufacturing firms purchased a total of 9,773 industrial robots in the first quarter of 2017, which were valued at approximately $516 million. In contrast, North American companies purchased 7,406 robots in 2016, which was valued at $402 million. The current rates marked a 28 percent increase in dollar value since last year, the report showed.
When you take an honest look at the numbers, there is no way that anyone can possibly claim that the U.S. economy is doing well.
The evidence that the middle class in America is dying continues to mount. As you will see below, nearly half the country would be unable “to cover an unexpected $400 expense”, and about two-thirds of the population lives paycheck to paycheck at least part of the time. Of course the economy has not been doing that well overall in recent years. Barack Obama was the only president in all of U.S. history not to have a single year when the economy grew by at least 3 percent, and U.S. GDP growth during the first quarter of 2017 was an anemic 0.7 percent. During the Obama era, it is true that wealthy enclaves in New York, northern California and Washington D.C. did thrive, but meanwhile most of the rest of the country has been left behind.
U.S. is finally being taken off the world stage as the primary economic power, and China is taking over.
Courtesy of Sov Man’s Simon Black, here are several of the most bizarre legal anecdotes to take place in the US and around the globe over the past week, staring with an bill currently in Congress which is seeking to wipe out over $1 trillion in student loans.
A new bill, HR 1313, has been introduced by North Carolina Congresswoman Virginia Foxx which is designed to give employers absolute power over the employee by mandating whatever they deem to be proper “heath prevention” measures. These measures would include submitting DNA records as well as mandatory vaccinations and other perceived “health preventive” measures designed for the “greater good” of the general public. The result of not complying with this new law of course would be losing your job.
In the most cashless society on the planet, even God now accepts digital payments. A growing number of Swedish parishes have started taking donations via mobile apps. Uppsala’s 13th-century cathedral also accepts credit cards.
At some point in the not-too-distant future, fleets of commercial drones are expected to swarm across American skies. Companies in a wide range of industries will employ unmanned vehicles for tactical advantage—inspecting infrastructure, surveying crops, maybe even estimating how much your new roof will cost.
The many phones, laptops, and sundry gadgets most of us use every day track our location, our habits, and our preferences. The privacy threats may be pervasive, but not everybody is affected equally: the poor and marginalized get the worst of it.
If there was ever an article that perfectly summed up the times we live in, it’d have to be the one published yesterday at The Guardian titled, At LA Airport’s New Private Terminal, the Rich Can Watch Normal People Suffer.
American consumers are once again spending beyond their means. Just a few months ago there was a startling headline reporting that US consumers now had over $1 trillion in credit card debt outstanding. That seemed astonishing in itself but now looking at debt levels in other sectors we find that auto loans outstanding are also over $1 trillion. Keep in mind this is for an item that will lose value once it is taken off the lot. You also have student debt over $1.4 trillion which is amazing given many young Americans are working in jobs that really don’t require a college degree. The debt apocalypse is once again upon us and we better hope the economy keeps on running on fumes or we will be confronted with another solvency crisis shortly.
I am quite sure the homeless population is much higher than what is reported. But check out how many are being foreclosed upon.
Student loan lenders are skimming tens of billions in profits guaranteed by the taxpayers. “Legal” rackets have two essential components: a public-relations “cover” that obscures the racket and the mechanism that extracts the wealth from the “marks.”
Get out your shovels, you will soon be burying the elderly much earlier than we should be. Save wisely while you can, because of Trumpcare, America, most of your will never see an inheritance. Pray that you will stay healthy. Why? Because very soon, many of you will be without health care and will see that we have returned to the days of George W. Bush and having tens of millions without health care which will put many millions in danger of dying because they do not have proper medical treatment.
CEO bosses have long been depicted as psychopaths in popular culture, but the stereotype might not be that far from the truth. Psychopaths are more likely to study business and economics degrees, according to a new study published in the journal Personality and Individual Differences. Researchers from Aarhus University in Denmark used the “dark triad” of personality traits, which looks at psychopathy and narcissism, and is associated with a desire for social dominance and power in the workplace.
Canada’s Largest Alternative Mortgage Lender Crashes in Dramatic Fashion.
North Carolina Congresswoman Virginia Foxx, a Republican, has introduced new legislation that, taken to its logical end, might eventually provision for employers to force their employees to be vaccinated under the guise of “wellness.” House Resolution 1313, known as the “Preserving Employee Wellness Programs Act,” contains certain provisions for “disease prevention” that, should employees refuse them, might end up costing them their jobs. That, or employees could face penalties in the form of ostracization or even higher insurance rates. Based on the legislation’s open-ended language, employees could one day be refused the option of rejecting whatever their employers decide is appropriate for wellness and disease prevention, including government-recommended vaccines.
Robots and artificial intelligence (AI) will replace humans in 50 percent of all jobs in just ten years, says Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a reputable Chinese technologist.