New technology: destroyer or creator of jobs?

Workers across the world are increasingly aware of what many consider an existential threat to a wide array of jobs. Safe and efficient autonomous vehicles, for example, may make truck drivers obsolete in the not too distant future. At the same time, advocates of technology argue, people around the planet are finding new and often better… Please follow and like us:

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US job gains disappoint, unemployment holds at 4.1%

The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported Friday. But with the country believed to be near full unemployment, the jobless rate still held steady at its 17-year low of 4.1 percent. Employers added just 148,000 new hires in the final month of… Please follow and like us:

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Automation Growth Just Starting As Our Robot Overlords Further Integrate Into Every Day Life

When Sanford Bernstein’s Jay Huang looks back at 2017, he doesn’t see the oddest political wrangling accompanied by surreal market environments. He appears more awed by the pace of automation trends, particularly integrating into human business processes. There is no cliff for automation stocks, he asserts in a January 4 report on Asian Industrial Technology. There… Please follow and like us:

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World markets ring in 2018 on mixed note

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many investors away for extended holidays. Asian stocks mostly kicked off the year with gains, fuelled by strong data, improving corporate profits and hopes that US President Donald Trump’s tax cuts will fire US and world growth. Sentiment… Please follow and like us:

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Electric cars edge forward in 2017 but still have a long way to go

SAN FRANCISCO — Electric car sales in the U.S. are set to rise nearly 30 percent in 2017. “This was a notably good year,” said Genevieve Cullen, president of the Electric Drive Transportation Association. But the raw number of pure-electric and plug-in hybrid cars sold won’t top 200,000, which represents barely more than 1 percent of… Please follow and like us:

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Boeing discussing potential multibillion-dollar takeover of jetmaker Embraer

SEATTLE — Boeing is discussing a potential multibillion-dollar takeover of regional jetmaker Embraer of Brazil, the two companies said Thursday. A deal is by no means certain since the Brazilian government would have to approve the sale of a company considered the crown jewel of the country’s manufacturing sector. A successful transaction would be Boeing’s largest… Please follow and like us:

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San Francisco real estate feels chill of China’s economic tailwinds

Although the slowdown in China’s economy apparently has reached across the Pacific to San Francisco’s residential real estate market, the city’s astronomical housing prices also play a major role. “We’ve seen a sharp drop over the last three years in search activity on Trulia, about 50 percent” by Chinese buyers, Ralph McLaughlin, chief economist for the… Please follow and like us:

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High Concentrations Of Rare Earth Elements Found In American Coal Basins

WASHINGTON, D.C. – The U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) has found high rare earth element (REE) concentrations in coal samples taken from the Illinois, Northern Appalachian, Central Appalachian, Rocky Mountain Coal Basins, and the Pennsylvania Anthracite region. These highly concentrated samples are greater than 300 parts per million (ppm). “Rare Earth… Please follow and like us:

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China and France ink 71 deals

China and France signed more than 70 agreements covering economic and financial cooperation on Friday aimed at strengthening bilateral trade and investment relations and for the joint development of the advanced manufacturing industry. The fifth China-France High-Level Economic and Financial Dialogue, which was held in Beijing from Thursday, co-chaired by Chinese Vice-Premier Ma Kai and French… Please follow and like us:

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A new era in manufacturing

‘Made in China 2025’ strategy leads to a spate of transformative technologies The 19th China International Industry Fair held in Shanghai earlier this month confirmed for lay people what industry insiders knew for a while-that global corporate giants as well as domestic companies operating in China are resolutely digitalizing their factories, systems and processes as if… Please follow and like us:

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IDC predicts 55% of China’s economy to be digital by 2021

A robot displays at a news conference in Beijing, March 30, 2017. [Photo/IC] Fifty percent of the global gross domestic product will derive from the digital economy, with the percentage in China to potentially hit 55 percent, predicted Wu Lianfeng, vice-president of the market research company IDC China in Beijing on Monday. By 2019, global capital… Please follow and like us:

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Hasbro reportedly offers to buy Mattel

Hasbro Inc. reportedly made an offer to buy beleaguered rival Mattel Inc. Hasbro approached El Segundo, Calif.-based Mattel recently with a takeover offer but terms of the proposal were not available, the Wall Street Journal reported Friday, citing unidentified sources. Representatives of Hasbro and Mattel declined comment on the report. Hasbro, based in Pawtucket, R.I., makes… Please follow and like us:

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UK ‘ahead of curve’ in its trading with China

The United Kingdom was China’s second-largest trading partner from among members of the European Union in 2016, and its eighth-largest worldwide, according to a new study. Britain did 55 billion pounds ($71.9 billion) of trade in goods with China last year, said the report from the Confederation of British Industry, which is also known as the… Please follow and like us:

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FBI plants bull’s-eye on GM, Ford as UAW scandal widens

DETROIT — The FBI’s probe into financial shenanigans by UAW and auto executives has extended to General Motors and Ford, which join FCA in a growing scandal that focuses on stolen training funds, according to a source familiar with the investigation. At the heart of the probe is whether funds that were meant to train autoworkers… Please follow and like us:

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How the Media Use Experts to Fool Readers on ‘Free Trade’

The Washington Post and Reuters earlier this month reported on the future of the North American Free Trade Agreement and consulted two of the mainstream media’s favorite think tanks on trade — The Woodrow Wilson Institute and the Peterson Institute for International Economics. What they didn’t mention in their articles was that both organizations take large… Please follow and like us:

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