More than a third of Europeans and Americans would be happy to go without cash and rely on electronic forms of payment if they could, and at least 20 percent already pretty much do so, a study showed on Wednesday.
I’m having trouble describing Oregon’s disturbing statutes and how two courts made excuses to allow law enforcement to circumvent our Constitution. This month, an Oregon Appeals court agreed with a district court ruling which forces first responders to become state actors.
Humans are inherently social animals, and our health suffers if we’re cut off from social ties. So it’s no wonder the so-called loneliness “epidemic” is being called a public health crisis. But as we sit on the cusp of massive technological advances, the near future could exacerbate this growing problem.
Donald Trump has decided not to pull the US out of the North American Free Trade Agreement, agreeing instead with his Canadian and Mexican counterparts to “proceed swiftly” with negotiations to update the deal, according to the White House. According to the Financial Times, the move came in hastily arranged calls between the three leaders after news leaked that the White House was considering unveiling an executive order on Saturday that would have laid the groundwork for a US withdrawal.
Welcome to the Algorithmic Economy, a future which uses machines to determine how effective you can be and how little they can pay you in the process. There are no unions in this economy. There are no bosses to complain to. There are no people you can ask for redress. Because in this economy, the people doing the labor are considered the least important part of the machine and it’s best if they never communicate with someone living if it can be helped.
Given the discussion of 401ks and IRAs you would think that most Americans have a nice nest egg ready to support them into their margarita drinking days on the beach. Yet like most dreams, the reality is very different. Most Americans are broke. The Economist put out some data highlighting that the median family of retirement age has $12,000 in savings. In other words, one minor injury and you are bankrupt. It is a troubling contrast to the image that is portrayed on television and throughout the media of the fully financially prepared family. Life just doesn’t work out that way for most. Unsuspected illnesses, job losses, stagnant wages, inflation, family changes, and student debt all throw a wrench into the plans of most. What is also startling is that this drought in retirement savings is happening at a time when the stock market is near an all time high. So what gives?
The company has announced it’s beginning trials of its “next-generation biometric card” in South Africa.
Did you know that the percentage of 18 to 34-year-old Americans that are married and living with a spouse has dropped by more than half since 1975? Back then, 57 percent of everyone in that age group “lived with a spouse”, but today that number has dropped to just 27 percent. These numbers come from “the Changing Economics and Demographics of Young Adulthood” report that was just released by the U.S. Census Bureau. Some are postulating that the reason for this dramatic cultural shift is a phenomenon known as “extended adolescence”, while others fear that large numbers of young men and/or young women are giving up on the concept of marriage altogether.
The history of marijuana (or cannabis/THC) stems back over 10,000 years and is widely recognized as one of the most useful plants on the planet. Yet it was made illegal in the United States in the early 20th century due to political and economic factors.
According to a report by watchdog group, The Treasury Inspector General for Tax Administration, the IRS has been taking millions of dollars from businesses who committed no crimes, using asset forfeiture as the method by which to take the money legally without charges.
In February, David Stockman pointed out that the Trump administration appears none too interested in addressing many of the economic issues that Trump claimed would be at the center of his administration. Instead, Stockman noted, Trump spent all his time obsessing over his travel ban — which he still can’t get beyond the courts — and other non-economic issues.
The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing” the economies and the implications. This paper clearly demonstrates that this is the direction we are headed into. It provides advice to governments who want to join in the latest thing – abolishing cash.
Alice describes her office as a “panopticon” — a structure built for total surveillance. Your office may be one, too.
It’s been more than seven years since the ‘great recession’ officially ended, but while Fed policies have successfully generated massive asset bubbles which have accrued solely to the benefit of America’s wealthiest, the majority of American families remain as vulnerable to financial disaster as they were during the height of the crisis.
These companies — Nestlé, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, Kellogg’s, Mars, Associated British Foods, and Mondelez — each employ thousands and make billions of dollars in revenue every year. In an effort to push these companies to make positive changes — and for customers to realize who controls the brands they’re buying — Oxfam created a mind-boggling infographic that shows how interconnected consumer brands really are.
“Heavy physical work, the care of home and children, petty quarrels with neighbors, films, football, beer, and above all, gambling filled up the horizon of their minds. To keep them in control was not difficult….” ― George Orwell, 1984
Alan Watt (Apr 2, 2017)
We are entering the age of no retirement. The journey into that chilling reality is not a long one: the first generation who will experience it are now in their 40s and 50s. They grew up assuming they could expect the kind of retirement their parents enjoyed – stopping work in their mid-60s on a generous income, with time and good health enough to fulfil long-held dreams. For them, it may already be too late to make the changes necessary to retire at all.