BofA: The Oil Crash Is Kicking Off One of the Largest Wealth Transfers In Human History

 Economists are still hotly debating whether the oil crash has been a net positive for advanced economies. Optimists argue that cheap oil is a good thing for consumers and commodity-sensitive businesses, while pessimists point to the hit to energy-related investment and possible spillover into the financial system. A new note from Francisco Blanch at Bank of America Merrill Lynch, however, …

Jeffrey P. Snider – Worse Shape Than I Thought

If the Wall Street Journal meant to reach for reassuring comfort, they fell far short. After spending late summer last year and into the fall proclaiming that manufacturing didn’t matter (12%), the newest round of talking points are “false positives.” In other words, manufacturing and industry does matter, after all, but just “not enough” to tip into full recession. That …

Ian Sample – Stephen Hawkings: Most threats to humans come from science and technology, warns Hawking

The human race faces one its most dangerous centuries yet as progress in science and technology becomes an ever greater threat to our existence, Stephen Hawking warns. The chances of disaster on planet Earth will rise to a near certainty in the next one to ten thousand years, the eminent cosmologist said, but it will take more than a century …

Joshua Krause – 77% of Two-Year-Olds Now Use Mobile Devices on a Daily Basis

There is no doubt that the pace of technological development we’ve seen in recent years has been both amazing, and frightening. It’s certainly made our lives easier, but no one can ignore the fact that these developments are happening faster than the human race can adapt to them. Predictably, this has spawned a widespread fear of technology in our culture. …

By the end of my first year as a doctor, I was ready to kill myself

On my morning drives to the hospital, the tears fell like rain. The prospect of the next 14 hours – 8am to 10pm with not a second’s respite from the nurses’ bleeps, or the overwhelming needs of too many sick patients – was almost too much to bear. But on the late-night trips back home, I’d feel nothing at all. …

Lorraine Chow – Elon Musk: We Can Power America by Covering Small Corner of Utah With Solar

Billionaire entrepreneur Elon Musk has once again championed the incredible potential of renewable energy. During an interview Tuesday at the American Geophysical Union’s fall meeting in San Francisco, the 44-year-old CEO of Tesla Motors and SpaceX said that the U.S. could meet its electricity needs just by covering a small corner of Utah or Nevada with solar panels. His remark was captured in …

Tana Ganeva – 10 Cities With the Most Struggling People

As the media obsess over Donald Trump’s latest ploy to make the media obsess over him, here are some issues getting less attention: 22 percent of U.S [3]. kids live in poverty, including 39 percent of African-American children. One in 7 Americans [4] can’t afford to feed themselves without relying on food banks, which are struggling to meet their needs. A Pew poll released last week …

Rob Price – Elon Musk, Stephen Hawking, and thousands of AI researchers just issued a warning about killer robots

More than a thousand artificial-intelligence researchers have cosigned an open letter calling for a ban on autonomous weapons, or “killer robots.” As The Verge reports, they have been joined by hundreds more sympathetic signatories from outside the industry — including Tesla CEO Elon Musk, scientist Stephen Hawking, and social theorist Noam Chomsky. Autonomous weapons capable of attacking targets without human …