Tag Archives: Economic Growth

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World Economic Forum: Top Stories- July 1, 2023

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World Economic Forum (July 1, 2023) – This week’s top stories of the week include:

0:15 New blood test can detect 50 kinds of cancer – Experts say it could revolutionize cancer care. It’s called the Galleri test and it can identify cancers before symptoms appear. The UK National Health Service is testing it on 142,000 people. If successful, this trial will be extended to 1 million people next year. Doctors hope 5,000 cases could be detected early as a result. The Galleri test works by identifying changes in bits of free-floating DNA that leak from tumours into the bloodstream. #cancer #bloodtest #nhs #dna

1:36 5 exciting emerging technologies – The World Economic Forum has published its Top 10 Emerging Technologies of 2023 Report. It draws on the expertise of more than 90 academics, industry leaders and futurists to discover the technologies most likely to impact people and the planet in the next 3-5 years. Which emerging technology are you most excited about?

3:17 This tablet is an innovation for the visually impaired – The Dot Pad lets visually impaired users play games and browse the web on the world’s first smart tactile graphics display. It uses AI to analyse images and split them into segments. Reproducing them on a tactile screen so blind people can read and interact with them.

4:58 Feminist economist dissects gender-neutral policies – Economic policies can either reinforce gender inequality, says Valeria Esquivel or help end it.

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The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

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World Economic Forum: Top Stories- June 24, 2023

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World Economic Forum (June 24, 2023) – This week’s top stories of the week include:

0:15 Can granny flats solve the housing crisis? – Granny flats are an extra residential unit beside a main house. They’re known by many names, including backyard homes and in-law suites. They’re often small but have their own kitchen, bathroom and entry. Their official title is accessory dwelling units, or ADUs. ADUs are more sustainable because they increase housing density without demolishing existing neighbourhoods to construct new homes.

1:54 This educator is changing the way Palestinian kids learn – Aref Husseini founded Al-Nayzak, an educational charity, in 2003. He believes the traditional Palestinian education model is broken. It’s based, he says, on memorizing facts and passing exams and it’s no longer fit for purpose “So all the skills needed for analyzing this content, for critical thinking, for innovation, for creativity, unfortunately, it’s still missing in the general educational system. There are many initiatives, informal initiatives here and there, but still the system is not producing what we need for flourishing our economy.”

5:34 5 Things to know about the energy transition – Bringing green rail freight one step closer. The zero-emission trains can reach 90km per hour and the hydrogen tanks hold enough for 24 hours of shunting operations.

7:12 IKEA is retraining its call centre staff as interior designers – An AI chatbot answers nearly half of customer inquiries. But rather than losing their jobs, call-handlers are reskilling to offer advice as part of IKEA’s interior design service. Customers pay for a video call with a design adviser who can order floorplans and other design tools to help them. 8,500 call-handlers have made the leap to design advisers since 2021.

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World Economic Forum: Top Stories- June 17, 2023

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World Economic Forum (June 17, 2023) – This week’s top stories of the week include:

0:15 How to solve the global rice shortage – Every day, more than half the world sits down to a plate of rice. A shortage could harm the food security of billions of the poorest people. But if scientists and farmers can solve this problem it would be great news for the climate, too

2:24 How El Niño will affect your weather – El Niño is a climate pattern in the Pacific Ocean and a new phase of it has just begun. Normally, Pacific ‘trade winds’ blow from east to west, pushing warm water away from South America towards Asia. Cold water rises in its place, regulating temperatures and drawing up nutrients for marine life from the ocean depths.

4:17 This fabric blocks mosquito bites – Researchers at Auburn University used a programmable 3D-knitting robot to create a weave that has a ‘chainmail effect’ at the microscopic level and which does not create openings as it bends. It also has enough holes for air flow to keep wearers cool in hot countries.

5:56 Indonesian poachers restore coral reefs – Marine scientist Syafyudin Yusuf is leading the efforts. Together, his team has restored 12 hectares of corals . Just 15 years ago, only 2% of the region’s original reefs remained undamaged. Local fishers used explosives and chemicals to stun or kill fish, making them easier to catch. “We needed to live and survive, but the chances of getting a decent job aren’t good, and the only job we knew of was that, that’s how we began bombing the reefs.”

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World Economic Forum: Top Stories- June 10, 2023

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World Economic Forum (June 10, 2023) – This week’s top stories of the week include:

0:15 Finland’s electricity fell below €0 – It happened twice during one week in May caused by a glut of hydroelectric capacity as a result of heavier-than-usual spring meltwater. This meant the supply of electricity exceeded demand and this, in turn, led to a negative price for electricity.

1:30 NYC gives new mothers $1000 – The no-strings cash payments last for 18 months. Then for the following 18 months, low-income mothers receive $500 a month, covering the first 3 years of their baby’s life. The scheme – known as the Bridge Project – aims to fight child poverty in New York as well as reducing inequality and stress for new parents.

3:19 NASA will send your name to space – It’s asking people to sign a poem written by Ada Limón, the US Poet Laureate. Limón’s poem will be engraved on NASA’s Europa Clipper spacecraft. While signatories’ names will be etched on microchips mounted on the craft.

5:11 Implants help this paralysed man walk – It creates a ‘digital bridge’ between his brain and his spinal cord, Bypassing sections that were damaged in an accident. The implant lets him stand, walk and even climb stairs.

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World Economic Forum: Top Stories- June 3, 2023

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World Economic Forum (June 3, 2023) – This week’s top stories of the week include:

0:15 Spain just powered itself entirely from renewables – Mainland Spain’s electricity needs were met solely by wind, solar and hydropower between 10am and 7pm on Tuesday, 16 May. Impressively, this happened on a weekday when demand is highest. Last year, 42% of Spain’s electricity was generated renewably. This could rise above 50% this year, experts say

1:31 This school teaches students in the Metaverse – Donning VR headsets, pupils can visit the planets in our solar system, get up close and personal with a woolly mammoth or walk through the chambers of a human heart. They can practice their pronunciation in a simulated French restaurant or travel back in time to World War II. The cutting-edge lessons are on offer at Reddam House School in the UK.

3:06 New York City is sinking under the weight of its skyscrapers – Scientists calculated the mass of all the buildings in New York City. Including the Central Park Tower and the Empire State. In total, there are 1.1 million buildings, weighing a total of 762 million tonnes. The same as 64 million city buses. While most of the city is built on solid bedrock, softer parts of the earth are compressing under the enormous weight. Sending the Big Apple downwards at 1-2mm a year on average and up to 4mm a year in some areas.

4:28 Scientists have developed Eco-Friendly Ammonia – Used in many cleaning products and agricultural fertilizer. Their method uses water, nitrogen, a catalyst and a sprayer. If successfully scaled up, researchers say it could make a big dent in CO2 emissions, while helping to feed the world’s growing population sustainably.

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World Economic Forum: Top Stories- May 27, 2023

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World Economic Forum (May 27, 2023) – This week’s top stories of the week include:

0:15 Why we need to consider AI development – Berkeley professor Stuart Russell is one of the world’s leading experts on AI, and one of more than 1,000 experts who recently signed an open letter calling for a 6-month pause in the development of AI systems for safety reasons. “I think there’s a lot of misunderstanding about the letter. Some people say it bans AI research and so on but what it really is saying is: we have developed this technology that’s pretty powerful, but we haven’t developed the regulation to go along with it. At the moment, the technology is moving very fast. Governments tend to move very slowly. So we need a pause on the development and release of still more powerful models so that, in a sense, regulation can catch up.”

5:43 Germany’s first 3D printed house – It took just 100 hours to print the walls thanks to a nozzle that moves at 1 metre per second. The fireplace, kitchen island and bathtub were all printed too. The house contains 160m2 of living space over 2 floors. It was designed by architects Mense Korte. Its walls are comprised of an inner and outer shell with insulation filling the gap between them.

7:11 Ocean search for 100,000 species begins – They’re launching dozens of explorations deep into the ocean to build a huge catalogue of as-yet-unknown marine life. An estimated 2.2 million species live in the ocean but just 10% of them have been discovered and named by scientists. It’s a race against time to document endangered marine animals before overfishing and climate change drive them to extinction.

8:56 How kids learn through play – These 3 to 5-year-olds are taking part in a programme called Play Labs. They spend their day on puzzles. Games outside playing with others and learning about the world. The programme boosts kids’ physical, social, cognitive and language development and helps them close the education gap with their peers.

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World Economic Forum: Top Stories- May 20, 2023

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World Economic Forum (May 20, 2023) – This week’s top stories of the week include:

0:15 Greece makes nearly 200 beaches wheelchair accessible – Seatrac bathing chairs glide into the sea. Wheelchair users reach the Seatrac by an accessible wooden path, transfer to a recliner, then ‘drive’ into the sea using a remote control. At the water’s edge, they can sit and cool off or go for a swim, heading back to the chair for a break. Seatrac chairs are solar-powered and Greek-designed. Enabling people with disabilities to enjoy the sea independently without negotiating the sand, which can be tricky for some.

1:39 This robot surfs over grain, protecting farmers – The robot crawls over grain heaps, while a smaller partner robot burrows in to check the grain is being stored efficiently. Farmers need to check the condition of stored grains such as wheat and barley regularly to protect them from mould and insects. Typically, a person walks on top of the grain bulk and samples it with spears but this method is arduous, time-consuming and dangerous as the grain can shift suddenly and trap them underneath. In 2019, 38 grain engulfments led to 23 deaths in the US alone. Some companies don’t monitor their grain at all because of the dangers involved. These robots are made by Edinburgh start-up Crover.

2:52 These simple measures could save 1 million babies a year – Globally, 1 in 4 babies are born either too soon or too small. Vulnerabilities like these are behind more than half of all newborn deaths and their foundations are laid during pregnancy. Doctors say 1 million neonatal deaths in the developing world could be avoided if we administer simple, low-cost measures during pregnancy. Such as progesterone, help to stop smoking and insecticide-treated mosquito nets. That’s according to a new study in The Lancet…

4:20 The link between green energy and forever chemicals – ‘Forever chemicals’ is a nickname given to some per- and polyfluoroalkyl substances (PFAS). Many PFAS are highly resistant to high temperatures, oil, water or corrosion. For this reason, they’re used in many products including some fundamental to the energy transition. From wind turbines to solar panels the batteries in electric vehicles and the semiconductor chips at the heart of energy technologies. They’re also used in thousands of everyday products, from non-stick pans to clothing and fire-repellent foam, but these chemicals pose risks to human health. PFAS have been linked to cancer, thyroid disease and low fertility among many other conditions.

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World Economic Forum: Top Stories- May 13, 2023

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World Economic Forum (May 13, 2023) – This week’s top stories of the week include:

0:15 This volcanic bacteria eats CO2 – Scientists say they turn CO2 into biomass ‘astonishingly quickly’ and one day could help remove CO2 from the atmosphere. The microbes were discovered off the coast of the Italian island of Vulcano where the ocean is rich in CO2. They bubble up from volcanic vents on the seafloor. The microbes were discovered by scientists from the Two Frontiers Project who found that the bugs sink in water which could help to sequester the CO2 they absorb.

1:35 This Japanese soccer league is over 80s only – It kicked off in April with 3 teams going head-to-head boasting an average age of 83.5. Among the players is ex-national team forward Mutsuhiko Nomura. His career has spanned 70 years and 18 World Cups. Now, aged 83, he patrols the midfield for Red Star. But the league’s veteran is Shingo Shiozawa. The former racing car designer plays in net for the White Bears at the tender age of 93.

3:19 Why we need economic growth – Economic growth may not be the only measure of success but in many countries, it saves lives. But economic growth need no longer happen at the expense of the planet.

6:38 Women need investment, not just empowerment – Non-profit Grameen Foundation is helping millions of people lift themselves out of poverty by teaching women how to manage money, access loans and manage their businesses. Most importantly, Bai says, women need to have the knowledge to ask the right questions.

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Finance Preview: Barron’s Magazine – May 1, 2023

April 29, 2023 She Seeks Serene Leave a comment

Barron’s Magazine – May 1, 2023:

The Cautionary History of Debt-Limit Gimmicks

The U.S. Congress began imposing debt limits in 1776. When the Continental Congress authorized its very first loan from France, it instructed U.S. commissioners to borrow a “sum not exceeding two million sterling.” Congress continued to permit the Treasury to borrow only up to bond-by-bond specific limits until 1917. Prior to then, U.S. Treasury secretaries actually operated under multiple debt limits, authorized bond by authorized bond. The single, aggregate debt limit we’re more familiar with today was first adopted by the U.S. in 1939.

The Fed Has Few Good Options. The Risk of a Misstep Is Growing.

The Federal Reserve is struggling to cool inflation further without damaging the economy. The easy part is over.

J&J’s Kenvue Spinoff: A Rare IPO Winner in a Moribund Market

The consumer health company features a range of leading brands, a relatively cheap valuation, a solid balance sheet, consistent earnings, and a healthy dividend yield. It’s no tech unicorn, a good thing in 2023.