Self-driving cars could soon be cheaper and easier to build

Roberto Baldwin Engadget There’s no shortage of companies working on artificial intelligence for cars. If anything there’s a glut. Every automaker and startup seems to be building a nearly sentient system designed to operate cars and avoid objects (especially humans). AImotive (pronounced “AI Motive” — yeah, it’s confusing) is doing the same thing, except it’s also designing the accompanying hardware. What’s more, it’ll play nice … Continue reading Self-driving cars could soon be cheaper and easier to build

China’s Spending $500 Billion to Reshape the World in Its Image

Bloomberg China is one of the few countries in the world today with money to spend, and Xi Jinping is ready to write some checks. China’s president will host almost 30 world leaders in Beijing on Sunday at the first Belt and Road Forum, the centerpiece of a soft-power push backed by hundreds of billions of dollars for infrastructure projects. More than 100 countries on … Continue reading China’s Spending $500 Billion to Reshape the World in Its Image

China Is on Track to Fully Phase Out Cash

Jamie Fullerton
Motherboard

Experts believe it won’t be long before China, the first country to introduce paper money, becomes the first to go totally cashless.

In a poky sex toy shop in Sanlitun shopping district in central Beijing, a placard with a QR code is strategically placed next to a pink, vein-knobbled dildo called the Super Emperor, and a clitoral pump. Just scan your phone, and walk out with your purchase.

The cigarette vendor across the street accepts smartphone payments too. A fast-moving queue of customers purchase smokes by scanning their phones over a tatty cardboard QR code.

All the bars in Sanlitun, equal parts seedy and swish, still take cash, but have likewise implemented cashless pay, largely through the ubiquitous WeChat and Alipay app, as primary payment platforms. Beijing taxi drivers accept smartphone payments too.

Continue reading “China Is on Track to Fully Phase Out Cash”

74% of Americans Plan to Work Past Retirement Age

Tyler Durden
Zero Hedge

For those wondering about the true strength of the US economy, look no further than Americans’ post-“retirement” plans revealed in the latest Gallup survey, according to why only 25% of Americans plan to stop working past retirement age. Meanwhile, nearly two in three employed U.S. adults, or 63%, responded they plan to work past retirement age on a part-time basis, while an additional 11% said they will work full time once they hit retirement age.

These results come from Gallup’s Economy and Personal Finance survey, conducted April 5-9. As in 2011 and 2013, the two previous times Gallup asked this question, working adults are most likely to say they intend to “continue working, and work part time.” As one would expect, over the same time period, the percentage who say they plan to “stop working altogether” has ticked up. However, in a surprising twist, of those who say they will continue working, but only full time, the majority plan to do so because they want to, not because they have to. Continue reading “74% of Americans Plan to Work Past Retirement Age”

“Boomerang Kids”: Adult Millennials Returning Home Is Crushing Baby Boomer Budgets

Tyler Durden
ZeroHedge

We’ve noted several times in recent months that, despite the ‘economic recovery’, a record number of young ‘adults’ are moving back home with mom and dad after college and staying there well into their 30’s.

Now, as confirmed by a recent study conducted by Fidelity and the Stanford Center on Longevity, the added stress of caring for all those ‘adult’ children is putting a severe emotional and financial strain on Baby Boomers with over 75% saying their adult children are cutting into their budgets and over 50% saying they’re generally less happy about life.  Per Fidelity: Continue reading ““Boomerang Kids”: Adult Millennials Returning Home Is Crushing Baby Boomer Budgets”

Obama voices ‘fervent hope’ Congress will tread carefully on healthcare

Scott Malone
Reuters
Boston

Former U.S. President Barack Obama expressed his “fervent hope” on Sunday that members of Congress would look beyond party lines when considering the future of the country’s healthcare system.

The Democrat’s remarks at a ceremony in Boston where he accepted the John F. Kennedy Library Foundation‘s “Profile in Courage” Award came days after the Republican-controlled House of Representatives narrowly passed a bill to repeal and replace the Affordable Care Act, or Obamacare, the 2010 law that enabled 20 million more Americans to get health insurance. Continue reading “Obama voices ‘fervent hope’ Congress will tread carefully on healthcare”

Warren’s wisdom

Mike Allen Axios Warren Buffett, 86, gave a master class during Q&A yesterday at Berkshire Hathaway’s annual meeting (“Woodstock for Capitalists“), which drew 30,000 devotees to CenturyLink Center in Omaha, Nebraska: On declining U.S. manufacturing: “Nobody should be roadkill … Greater productivity will benefit the world in a general way, but to be roadkill, to be the textile worker in New Bedford [is painful] … … Continue reading Warren’s wisdom

UK’s New ‘Digital Economy’ Law Somehow Now Gives Police The Power To Remotely Kill Phone Service

TechDirt The UK’s long-gestating Digital Economy Act has finally gone into force. The law is mainly interested in porn and pirates — two issues most of the UK public is far less interested in having subjected to intrusive regulation. But just keeping an eye on who is or isn’t availing themselves of porn/torrents isn’t the only intrusive aspect of the Act. As Joseph Cox of … Continue reading UK’s New ‘Digital Economy’ Law Somehow Now Gives Police The Power To Remotely Kill Phone Service

Why the Retail Crisis Could Be Coming to American Groceries

Craig Giammona Bloomberg The American grocery store has so far been mostly immune to the ravages of online shopping and the all around apocalyptic outlook facing the nation’s retailers. But a war is coming to the staid supermarket, and that could mean more consolidation, bankruptcies, and falling prices. An invasion is getting under way. Lidl, a German retailer known for low prices and efficient operations, is expected to … Continue reading Why the Retail Crisis Could Be Coming to American Groceries

It Is Becoming Illegal To Be Homeless In America As Houston, Dallas And Dozens Of Other Cities Pass Draconian Laws

Michael Snyder
The Economic Collapse

Should we make homelessness against the law and simply throw all homeless people into prison so that we don’t have to deal with them?  Incredibly, this is actually starting to happen in dozens of major cities all across the United States.  It may be difficult to believe, but in many large urban areas today, if you are found guilty of “public camping” you can be taken directly to jail.  In some cities, activities such as “blocking a walkway” or creating any sort of “temporary structure for human habitation” are also considered to be serious crimes.  And there are some communities that have even made it illegal to feed the homeless without an official permit.  Unfortunately, as the U.S. economy continues to slow down the number of homeless people will continue to grow, and so this is a crisis that is only going to grow in size and scope. Continue reading “It Is Becoming Illegal To Be Homeless In America As Houston, Dallas And Dozens Of Other Cities Pass Draconian Laws”