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Filtered by tag: Economics
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Collapsing commodities
Posted: 28 July 2015  
Was I right, is the 'supercycle' over? Platinum is now below $1,000 with gold not far behind, and oil remains stubbornly below $60.

What's the scenario for the near future - boom or bust? ...
Six collapsing commodities
28 July 2015
Commodity prices from gold to oil and aluminium to iron ore are tumbling – here are the big fallers
MindBullet logo GOLD AT $800, OIL AT $64
The mini-boom is on
Dateline: 6 November 2016
Two years ago we saw the first faltering of the oil price, as Brent crude dipped below US$80 per barrel. Gold was also weak, at about US$1100 per ounce. ...
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Welcome to the Robotel
Posted: 21 July 2015  
Most people like the human touch, but some go out of their way to avoid it. This hotel in Japan is run by robots, including a 'dinosaur' receptionist. Sounds like fun, though it might be a bit mechanical. At least you don't have to tip the staff!
Hotel 'staffed' entirely by robots unveiled in Japan
21 July 2015
Businessman insists hotel, with no human workers, is not a gimmick and will cut operating costs.
MindBullet logo ROBOEARTH TAXES THE MACHINES
With robots paying labour tax, the 99% can be as idle and as comfortable as the elites
Dateline: 4 July 2025
We're living in the age of abundance. The age of the algorithm. The age of... well, automated utopia. Who would have thought that this soon, with machines ...
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Blockchain share register
Posted: 15 July 2015  
One of the ideas we suggested in this MindBullet seems to be happening already. Startups on Nasdaq are using the blockchain to keep track of shareholders and verify trades.
Recording Nasdaq Trades on Bitcoin Platform: How It Works
15 July 2015
In its highest-profile application yet, Bitcoin’s public transaction record will help startups keep track of shares and shareholders.
MindBullet logo BLOCKCHAIN BUSINESSES THAT RUN THEMSELVES GO VIRAL
The rise of the distributed autonomous company has disrupted markets and nations
Dateline: 17 February 2027
CarCoin has ubered Uber. AppCoin has upstaged Apple. And Africoin has made African countries irrelevant; fiscally and economically at least. Based on the ...
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Jobless future
Posted: 15 July 2015  
There's a great debate raging. Will robots destroy jobs and create misery, or will we figure out how to live in 'luxury fully-automated communism' where the machines do the work and we humans follow more creative pursuits?

Finding our way in this complex and scary future will be a challenge, but it's not going to go away. We can't afford to just ignore it! ...
It's No Myth: Robots and Artificial Intelligence Will Erase Jobs in Nearly Every Industry
15 July 2015
Though robots and artificial intelligence will erase jobs and bring social challenges, they may also provide an opportunity for humanity to uplift itself.
MindBullet logo ALL TECH AND NO JOBS
Neo-Luddites are on the march as technology explodes
Dateline: 10 June 2017
Last year, advanced new technologies and nanotech production lines led to the creation of 12 million jobs in China. The problem is that these same market ...
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IBM's new super-chip
Posted: 10 July 2015  
The announcement of working samples of 7-nanometre processor chips is important for several reasons. Firstly they show that Moore's law is not over yet, and they reached this point sooner than expected. So the exponential growth of computer power is still on track. This also marks a fundamental change in the way these developments are done, as it is a collaboration between members of a global ...
IBM announces computer chips more powerful than any in existence
10 July 2015
IBM discloses working version of much higher capacity chip
MindBullet logo MOORE'S LAW COMES TO AN END
High performance computing is embedded everywhere and virtually free
Dateline: 22 September 2022
Moore's Law says, in essence, that computer processors become twice as powerful, and half the price, approximately every two years. Over time that sort of ...
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Humans versus artificials
Posted: 8 July 2015  
In this Backchannel article, the author considers three 'forces of the future' and comes up with three possible scenarios for 2050. Of the three forces, the impact of AI and robotics, or 'artificials' as Stowe Boyd refers to non-human workers and actors, seems to have the most influence.

In our MindBullet published two years ago, we looked at six forces shaping the future, and presented a ...
What Will a Corporation Look Like in 2050?
8 July 2015
A futurist imagines how companies will react to inequality, climate change and Artificial Intelligence
MindBullet logo STOP THE WORLD, WE'RE HAVING A MIDLIFE CRISIS
The West deflates, China stagnates, and the rest of the world watches and worries
Dateline: 1 May 2040
As the 21st Century approaches middle age, prices are falling alarmingly. In real terms, everything from coal to electronics is cheaper than it was four ...
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Digital currency deluge
Posted: 7 July 2015  
Today we read that Citibank is developing its own digital currency. We still don't know how Bitcoin will pan out, if it will be a bubble or something lasting. But blockchain technology is definitely here to stay. As we've pointed out before, it can be used for many things, beyond crypto currencies.

I still think there's an opportunity for a government, perhaps China, to launch a global digital ...
Citibank Is Working On Its Own Digital Currency, Citicoin
7 July 2015
In a move that should be of no surprise to anyone familiar with the space, Citibank has admitted to running a test platform for digital currencies and is..
MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one ...
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China's alternative energy pledge a tipping point
Posted: 5 July 2015  
Back in 2008 we wrote a MindBulllet about the collapse of the coal price as countries embraced solar and other alternative energy technologies. Could it happen? China's pledge this week to wind and solar is seriously bad news for coal producers and exporters, and could just be a tipping point.
It follows on the news earlier this year that investment into alternative energy is now exceeding ...
China's climate pledge for green growth spells doom for coal exporters
5 July 2015
Renewable energy is all go in China, as set out in its climate pledge this week, writes John Mathews, with huge growth planned for wind and solar. The one ...
MindBullet logo COAL HITS US$10 PER TON AS SOLAR POWER SHINES
Nano solar films bring cheap energy to sunshine states
Dateline: 5 May 2018
It's hard to believe that a mere decade ago fossil fuels were at a premium, and everyone talked of 'peak oil' and the high prices of natural gas and coal. ...
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3D printing itself faces exponential disruption
Posted: 14 June 2015   1 Comment
And so 3D printing moved to the mainstream, and became an exponential technology that is radicalizing manufacturing. Then the world of future shock reality strikes again....suddenly a new technique that can make 3D printing itself exponentially more efficient and fast emerges. Just watch this...
Continuous liquid interface production of 3D objects
14 June 2015
Although three-dimensional (3D) printing is now possible using relatively small and low-cost machines, it is still a fairly slow ...
MindBullet logo PRINTING - THE FUTURE OF MANUFACTURING
No more paper or ink, but everything else goes
Dateline: 17 June 2012
I spent a frustrating few days at the World Printing Industry Showcase in Beijing this weekend. As an old-timer of the printing industry, I simply didn't ...
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WINNING THE MIGRANT LOTTERY
Published on: 2 July 2015  
MindBullet picture
After running the gauntlet across North Africa and the Mediterranean, refugees face one more challenge: random chance
Dateline: 2 April 2017
Europe might have had its head in the sand, but we all know that problems do not go away on their own. Months and months of inaction in the Middle East, coupled with the ghosts of Scramble-for-Africa past and the ups-and-downs of developing nations have led to a surge of migrants knocking on Europe's door. Thousands have lost their lives either drowning, dying of pneumonia or being deceived and killed by human traffickers. Can we blame people for dreaming of a humane and prosperous life? If they ...
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The real future of Google Earth
Posted: 1 July 2015  
As we speculated in our MindBullets eight years ago, the real potential of Google Earth lies in the ability to access it via virtual reality interfaces. Then it becomes a digital representation of the real world, letting you visit real places from your desktop or lounge.

And once you're there, of course you'll want to buy some curios, or perhaps just shop for local specialities. That could be ...
Paired With AI and VR, Google Earth Will Change the Planet
1 July 2015
As Google Earth celebrates its 10th anniversary, it's evolving way beyond a way to find your house.
MindBullet logo GOOGLE EARTH WORLD'S SIXTH BIGGEST ECONOMY
Virtual world covers two-thirds of the 'real' world
Dateline: 7 June 2017
Google Earth's virtual online buildings, designed and built by the in-world residents, now cover most of the developed world and all major tourism ...
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ROLLING BACK THE MARCH OF TIME
Published on: 18 June 2015  
MindBullet picture
When does a ripe old age become too much of a good thing?
Dateline: 31 May 2024
It has become easier and easier to disguise your real age. You can take away your wrinkles by visiting a plastic surgeon or appoint a personal trainer to keep your body in shape. You can play Sudoku all day long to keep the neurons engaged, and follow a healthy eating plan. But you couldn't roll back the clock. Until now. Scientists are currently in the final stages of testing a drug called Glycorapamycin during human trials. In mice and dogs, the drug proved its power by slowing - and even ...
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Death of the App economy
Posted: 15 June 2015  
In an ecosystem where your smart assistant is wired into all the apps and services you need or are subscribed to, then why would you need apps at all?

Two years ago we published a MindBullet that talked about the need for apps disappearing, now it's becoming reality! It's not just Google and Apple that are working in this direction. I'm sure Microsoft will also be in the game, with Cortana ...
Apple and Google Race to See Who Can Kill the App First
15 June 2015
In an app-free world, the platform battles between iOS and Android could become a tangible pain point for users.
MindBullet logo THE APP ECONOMY GOES BUST
Millions of apps, and they're all free
Dateline: 17 February 2021
Who remembers the Dotcom boom of 20 years ago? Which was followed by the 'Dotbomb' crash, as the bubble burst. Well, the 'App Economy' is proving to be a ...
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Will your business survive the next ten years?
Posted: 9 June 2015  
John Chambers of Cisco challenges business of today leaders to think about their survival prospects. Can his predictions be real? Well even if he is half right it means millions of businesses will not survive the next decade! Scary but possible prospect.
Retiring Cisco CEO delivers dire prediction: 40% of companies will be dead in 10 years
9 June 2015
His final visionary speech was filled with fire-and-brimstone predictions.
MindBullet logo WALL STREET HEARS THE CLOSING BELL – FOR THE VERY LAST TIME
NYSE shuts up shop as stock markets become irrelevant to new business and the economy
Dateline: 15 March 2016
It's become apparent to everyone that the stock market these days is just a giant online casino. As one commentator put it: "The stock market is becoming ...
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It's keeping Johann Rupert awake at night
Posted: 8 June 2015  
“We are destroying the middle classes at this stage and it will affect us."
http://www.fin24.com/Economy/What-keeps-Johann-Rupert-awake-at-night-20150608 ...
MindBullet logo THE MIDDLE CLASS IS DYING
There's a growing gap between the have-lots and have-very-littles
Dateline: 3 July 2024
In 2014 the richest one percent owned 48% of the world's wealth (US$ 127 trillion). It's ten years later and they just keep on getting richer while the middle class is shrinking at an alarming rate. Because affluence has been growing, you need a much higher living standard than before in order to be classified as 'middle class' today. Emerging economy populations, who made the middle ...
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The collapse of coal
Posted: 5 June 2015  
Is it happening? Is the scenario we put forward in our MindBullet seven years ago starting to play out? Or is this just a short term blip in the face of shifting patterns towards natural gas, which is cheaper and cleaner?
The American coal industry is collapsing - Fusion
5 June 2015
Just five years ago, the American coal industry was looking strong. But times have changed, and the market value of coal companies has collapsed.
MindBullet logo COAL HITS US$10 PER TON AS SOLAR POWER SHINES
Nano solar films bring cheap energy to sunshine states
Dateline: 5 May 2018
It's hard to believe that a mere decade ago fossil fuels were at a premium, and everyone talked of 'peak oil' and the high prices of natural gas and coal. ...
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Drone tourism
Posted: 2 June 2015  
This really seems to be the year of the drone. Now a new virtual reality travel company will let you see historic sights - by drone.

Is this just a gimmick, or will air travel suffer as a result? ...
First-person drone tourism will let you see the sights from home
2 June 2015
EVERY year, hundreds of thousands of tourists visit the Valley of the Temples, a large park of Greek ruins situated on the south-west coast of Sicily. But ...
MindBullet logo THIS IS THE END OF REALITY
What are the consequences of the 'virtual' becoming too attractive?
Dateline: 11 October 2025
I was having a late-night discussion with my father when he droned on about the "chore" of air travel two decades ago. Long queues, embarrassing security ...
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Food tech for hero farmers
Posted: 27 May 2015  
Who says technology only benefits big corporations? The future of a global, highly connected, highly urbanised and tech-enabled society lies in co-creation, co-production and collaborative consumption. For basic things like food and energy too. We envisage a future where micro producers of solar power and fresh vegetables are connected on platforms that let them operate more efficiently than ...
Technology Is Reshaping the Food Chain
27 May 2015
We may be heading toward a new food economy that’s more competitive and innovative; methods and products that are economical for small farms as well as ...
MindBullet logo FARMAGEDDON, FAMINE AND FOOD
The war between agribusiness and artisanal farming threatens food security for the poor
Dateline: 1 May 2024
It seems that voices in the pastoral wilderness have been shouting contradictory messages at each other for decades. Since the beginning of the 21st ...
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Moving to the Country
Posted: 21 May 2015  
Why not visit South Africa? We have been migrating back to the country for decades already. Looks like we are 30 years ahead of the trend. :)
MindBullet logo MOVING ON UP - TO THE COUNTRY
Upgrading from city life to the rustic rural
Dateline: 1 February 2027
The world is definitely urbanizing at a rapid rate and by 2030 about 60% of the world's population will be sipping (or serving) Martinis on skyscraper rooftop bars. With all this talk about metropolises, it's no wonder that some of us got a bit carried away, moving all our business to the concrete jungles. However, the wise ones know that you should never put all your eggs in one basket and ...
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MOVING ON UP - TO THE COUNTRY
Published on: 21 May 2015   1 Comment
MindBullet picture
Upgrading from city life to the rustic rural
Dateline: 1 February 2027
The world is definitely urbanizing at a rapid rate and by 2030 about 60% of the world's population will be sipping (or serving) Martinis on skyscraper rooftop bars. With all this talk about metropolises, it's no wonder that some of us got a bit carried away, moving all our business to the concrete jungles. However, the wise ones know that you should never put all your eggs in one basket and once again this has proven to be true. Tired of renting and never settling, sick of smog, congestion and the ...
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