Tag: internet

Kerry Emanuel is doing a Reddet IAMA
February 13, 2014 0

Kerry Emanuel is doing a Reddet IAMA

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves

Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup; 50% Tax on Internet Purchases
January 24, 2014 0

Emerging Market Contagion Spreads; Argentina, Venezuela, Turkey Roundup; 50% Tax on Internet Purchases

By News Desk

Earlier this month, Reuters reported Argentine peso at new lows as food price controls take effect Argentina’s peso slid to an all-time low on Tuesday as supermarkets froze prices in a deal with the government aimed at shielding poor families from one of the world’s highest inflation rates. The year-long price fix on 200 basic food products signals continuation of President Cristina Fernandez’s interventionist policies even as polls show her image has been battered by 25 percent inflation, falling reserves and electricity shortages. Tight currency and trade controls, as well as last year’s state seizure of Argentina’s top energy company YPF have taken a toll on confidence, while the electricity grid, ailing from lack of investment, fails to keep air conditioners humming at the height of the Southern Hemisphere summer

Reader Question on Robots: What are People Supposed To Do For Their Livelihoods?
October 7, 2013 0

Reader Question on Robots: What are People Supposed To Do For Their Livelihoods?

By News Desk

In response to my post France Vows to "Save the Bookstores", Fixes Price of Books, Bans Free Shipping by Amazon , reader David writes … Hello Mish, I enjoy your columns, and agree with most of your economic analyses, but I do have a question about this morning’s entry regarding France and bookstores: namely, what are people supposed to do for their livelihoods if nearly everything is going to be done by computer and robotics? This is the issue that Hollande, in his outdated, ham-fisted way–is getting at, and for the record, I don’t have the answer, either.  The economy needs middle class consumers, but they in turn need money, which they can’t earn without quality jobs.  In the past, technological development led to more businesses being created than destroyed.  The same was true for quality jobs.  I believe the experience of the last five years, however, has demonstrated that this linkage is impaired, if not completely broken