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New York Times (September 9)

2021/ 09/ 10 by jd in Global News

“The crypto revolution is bringing financial services to the unbanked, but not without risks.” The crypto “market is expanding quickly — in all sorts of directions,” giving rise to new “Shadow Banks.” Crypto customers “can earn much higher interest rates than at traditional banks, and they can borrow money, using crypto as collateral, often with no credit checks,” but the potential dangers include hacks, fraud, and the lack of FDIC protection for deposits.


The Economist (February 6)

2021/ 02/ 08 by jd in Global News

Wall street is undergoing revolution. “Information technology is being used to make trading free, shift information flows and catalyse new business models, transforming how markets work…. And, despite the clamour of recent weeks, this promises to bring big long-term benefits.”


The Economist (November 2)

2019/ 11/ 04 by jd in Global News

“Investors betting on Aramco as the last oil major standing in 30 years’ time will have to consider the risk of revolution or invasion. Aramco’s flotation is a sign that the end of oil could be in sight. But it is also a reminder that the black stuff’s capacity to cause economic and political havoc will be undiminished for decades to come.”


The Economist (September 14)

2019/ 09/ 16 by jd in Global News

The internet of things (IoT) “is a slow revolution that has been gathering pace for years, as computers have found their way into cars, telephones and televisions. But the transformation is about to go into overdrive. One forecast is that by 2035 the world will have a trillion connected computers, built into everything from food packaging to bridges and clothes.”


Wall Street Journal (August 11)

2018/ 08/ 14 by jd in Global News

Though “artificial intelligence has the potential to reinvent the world, from how businesses operate to the types of jobs people hold to the way wars are fought,”  the struggles of IBM’s Watson “suggest that revolution remains some way off.” Currently, “no published research shows Watson improving patient outcomes” while “more than a dozen IBM partners and clients have halted or shrunk Watson’s oncology-related projects” because of its “limited impact on patients.” Often, “the tools didn’t add much value. In some cases, Watson wasn’t accurate.”


Gizmodo (January 26)

2018/ 01/ 28 by jd in Global News

“We can’t rely on the market to create an ‘electric car revolution’ in Australia. Funding infrastructure, creating industry standards, legislating to reward and cheapen less-polluting cars, and educating the public are all part of the challenge.”


The Economist (April 30)

2016/ 05/ 02 by jd in Global News

Developed in the wake of the Great Depressions and World Wars, gross domestic product (GDP) was originally designed “to measure the economy’s capacity to produce. Since then, GDP has become a lodestar for policies to set taxes, fix unemployment and manage inflation.” The metric can be inaccurate and is often overstretched. More robust benchmarks must be developed and this will require “a revolution in national statistical agencies as bold as the one that created GDP in the first place”.


Wall Street Journal (April 14)

2016/ 04/ 15 by jd in Global News

“Social media companies quickly are becoming the dominant news providers for many Americans and citizens across the world. The implications of this revolution are significant for how we understand the information ecosystem and our democracy.” Facebook has become far and away the most common source of news in the U.S., followed by Twitter.


New York Times (August 12)

2014/ 08/ 12 by jd in Global News

“For the last half-decade, three-dimensional printing has been billed as the next revolution in manufacturing. The Economist and Wired have declared it world-changing technology…. But for all the hype, it’s still unclear exactly how and when 3-D printing will have an impact on our daily lives.”


Financial Times (February 24, 2014)

2014/ 02/ 25 by jd in Global News

“Twenty-five years after the fall of the Berlin Wall, Europe again echoes to the sound and fury of revolution.” With the overthrow of President Viktor Yanukovich, the Ukraine now has a chance at a fresh start. “This is a moment of immense opportunity–and immense danger–for Ukraine, for the EU and for Russia. More than any single moment since the collapse of the Soviet bloc, the revolution that began in Kiev heralds ‘the hour of Europe.’”


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