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Filtered by tag: Economics
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SpaceX gets passengers
Posted: 17 September 2014  
We offer our hearty congratulations to Elon Musk and SpaceX. The final frontier is in sight!
NASA taps SpaceX, Boeing to carry astronauts to space
17 September 2014
In the return of human space flight for the US, NASA awards both private aerospace companies a combined total of $6.8 billion.
MindBullet logo THE FINAL (BUSINESS) FRONTIER
Space tourism and satellite launches compete for profits
Dateline: 27 September 2015
The race to launch a successful private space business has been won - and the victor, surprisingly, is not Virgin's Sir Richard Branson, but a 40-year-old ...
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The Uber potential to transform cities is massive!
Posted: 11 September 2014  
A great read on what Uber could become...and it's almost limitless!
Uber — What's Fueling Uber's Growth Engine? - GrowthHackers
11 September 2014
[Growth Study] What began in 2009 as a luxury car service in San Francisco is now valued at $3.76 billion and operates in more than 35 cities worldwide. As ...
MindBullet logo HERTZ VOTED BEST AIRLINE
Boeing and Airbus in a tail-spin as the allure of personal planes hits air travel
Dateline: 16 July 2020
As the holiday season gets into full swing, some of the major air hubs in Europe and the USA are comfortably quiet. Chicago, Atlanta, Amsterdam and ...
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The end of ownership
Posted: 9 September 2014  
In the networked economy, it's increasingly not necessary own assets, if you have access to the services those assets provide. This is well understood in the consumer market, but also applies in the commercial space.

This article contributes to that thinking and concludes:

"Within the next decade, businesses will need to become much more open and collaborative to survive in an increasingly zero ...
The End of Ownership: The Zero-Marginal-Cost Economy
9 September 2014
Within industries like hospitality and transportation, entrants are succeeding not by optimizing production but by eliminating production cost altogether.
MindBullet logo THE CURSE OF ABUNDANCE
Free energy spawns hordes of wetbots and kills off big brands
Dateline: 13 July 2033
"We're closing up shop. Wetbots made us broke." The production chief of iRobot consumer products grins ruefully. "Luckily we've still got our military ...
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Pricing your data
Posted: 8 September 2014  
Never mind governments and secret agencies, now startups want to buy your data; and then on-sell the aggregated analytics to companies. Would you swap your personal data for money? Perhaps Datacoup read our MindBullet on this topic?
Why This Startup Wants Your Personal Data
8 September 2014
Datacoup will pay you $10 a month for access to your credit card and Facebook data.
MindBullet logo CHINA SWAPS US DEBT FOR DATA
America's biggest creditor wipes out massive debt for quantum data
Dateline: 15 March 2024
China has long been thought as 'owning' the United States because of the huge amount of US debt on its books. But now China will 'own' us in the data wars, ...
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Openness and collaboration is the way to go
Posted: 5 September 2014  
Finally big pharma seems to be getting the message. The world has become more open and collaboration initiatives are creating new and exciting progress in solving old and complex challenges. The big pharma business model is creaking. This shift may just signal a better future for healthcare.
GlaxoSmithKline Leads a Surprising Push for Data Sharing | MIT Technology Review
5 September 2014
Normally super-secretive, pharmaceutical companies are opening up in the hopes of jump starting drug development.
MindBullet logo PHARMA STOCKS SLUMP ON INSULIN SHOCK
Diabetic treatment revolution sidelines the traditional
Dateline: 1 August 2016
Our bodies run on the glucose energy we get from food. The pancreas makes the hormone insulin which helps the body use or store glucose. In people with ...
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Japan shrinks and sinks
Posted: 5 September 2014  
On the current trajectory, Japan is set to become one huge retirement village. The only way to bring in new blood is to have a positive immigration policy. China is not a good source - they have demographic problems of their own. But what about Africa? That's getting younger and more skilled, and could be a good source of fresh talent for Japan.
Japan’s Population Shrinks for Third Year as Aging Increases
5 September 2014
Japan’s population slid for a third year with the proportion of people over the age of 65 at a global record, underscoring the challenge the world’s most- ...
MindBullet logo FAILURE TO LAUNCH SINKS JAPAN
No sex please, we're Japanese
Dateline: 8 August 2026
Celibacy syndrome in Japan is causing the population to plummet, and now it's going into free fall. Most young women of the marrying age would rather go ...
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China to abandon fossil fuels
Posted: 4 September 2014  
Beijing city is planning to dump coal as a fuel for electricity by 2020. That sounds uncannily like the MindBullet we published nine years ago!

Imagine if that scenario came to pass. It would certainly change the world in more ways than one. Personally I was never convinced that it was a workable scenario; after all, even natural gas is a fossil fuel. But if the gains from ever increasing ...
Beijing's coal ban may herald the end of the fuel
4 September 2014
It sounds unlikely, given that demand for the black stuff has surged in the past decade. But Beijing is planning to ban coal burning in its six central ...
MindBullet logo WORLD MARKETS IN TURMOIL AS CHINA DECOMMITS FROM ALL FOSSIL FUELS
Bold energy strategy targets pollution and leadership in world automotive industry
Dateline: 1 July 2008
Just four weeks before the start of the 2008 Beijing Olympics, China has played a trump card in global politics. China has taken the pollution bull by ...
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Gen Z starts to make an impact
Posted: 3 September 2014   1 Comment
Years ago, we speculated on what Generation Z would think and feel in the post digital world. One of our scenarios was that the next generation after Gen Y would rebel against the automation of everything and become new age 'hippies' who preferred face time with people and handwriting over instant messaging.

Well, guess what, this article suggests that some of those ideas were not so ...
MindBullet logo FACEBOOK TO CLOSE: GEN Z REJECTS DIGITAL LIFESTYLE
Flower children of the twenties look for analogue bullet
Dateline: 12 January 2021
In what might be considered a typical anti-establishment rebellion of youth, teenagers of the 2020s seem to be disenchanted by their parents' excessive pre-occupation with all manner of digital gadgets and lifestyles. Instead of iPods and smart phones, today's emerging adults prefer acoustic guitars and personal conversations. "I don't know what to do with him," says media blogger Lucinda ...
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Should we genetically modify livestock?
Posted: 3 September 2014  
Who remembers that bizarre scene from the Douglas Adams book 'Restaurant at the end of the Universe', in which a cow walks up to a diner in the restaurant and asks what portion of it he would like to eat? The cow is duly offended when the diner resists, saying, this is my purpose, I was specifically bred for you to eat me!
Crazy science fiction, right? But read the attached article - there is ...
Genome Editing Rewrites the Future of Dairy Cattle | MIT Technology Review
3 September 2014
Can genome-editing technology revive the idea of genetically modified livestock?
MindBullet logo GM IS THE NEW 'ORGANIC'
Modified beef set to boost consumer health
Dateline: 12 December 2009
The first genetically modified cows approved by the US Food and Drug Administration were simple creatures. They removed the susceptibility that cows have ...
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Big Data insights
Posted: 3 September 2014  
Everyone's talking about Big Data, even if only a few organisation are really using, or even understanding it. So here are some interesting perspectives on how much data we are actually generating, and whether it could, indeed, move "heaven and earth"!
Big Data: Creating the Power to Move Heaven and Earth | MIT Technology Review
3 September 2014
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MindBullet logo THE CURSE OF ABUNDANCE
Free energy spawns hordes of wetbots and kills off big brands
Dateline: 13 July 2033
"We're closing up shop. Wetbots made us broke." The production chief of iRobot consumer products grins ruefully. "Luckily we've still got our military ...
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Limits to growth exist in the mind
Posted: 2 September 2014  
"Expect the early stages of global collapse to start appearing soon." I don't think so.

As we wrote in our MindBullet STOP THE WORLD, WE'RE HAVING A MIDLIFE CRISIS, the hypothesis around global collapse usually extrapolates current trends into the future, and forgets to consider that in the future, everything will be different, VERY different.

Having read the accompanying article, I don't ...
Limits to Growth was right. New research shows we're nearing collapse
2 September 2014
Graham Turner and Cathy Alexander: Four decades after the book was published, Limit to Growth’s forecasts have been vindicated by new Australian research. ...
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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Are social networks good or bad?
Posted: 1 September 2014  
This is such an interesting and such a controversial debate! Are the social networks socially good - or do they damage our humanity? This study from Italy is certainly powerful. If you feel like an extreme view, David Eggers has authored a powerful novel called "The Circle" which is a gripping read about the logical consequence of pervasive social connections...well worth a read!
We created a ...
Evidence Grows That Online Social Networks Have Insidious Negative Effects | MIT Technology Review
1 September 2014
A study of 50,000 people in Italy concludes that online social networks have a significant negative impact on individual welfare.
MindBullet logo FACEBOOK TO CLOSE: GEN Z REJECTS DIGITAL LIFESTYLE
Flower children of the twenties look for analogue bullet
Dateline: 12 January 2021
In what might be considered a typical anti-establishment rebellion of youth, teenagers of the 2020s seem to be disenchanted by their parents' excessive ...
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The shift to the East is real
Posted: 30 August 2014  
With global demographics starting to underpin the economic shift to the East, the future landscape for global business is changing. Market power will shift, focus and skills will need to adapt and agility will become core to sustainability and success. This implies speed...and it is not something large companies are good at! I am constantly surprised on the downside by how slow and rules ...
The World's Largest Companies: China Takes Over The Top Three Spots
30 August 2014
For the first time, China is home to the world’s three biggest companies; it also lands five of the top 10 spots.
MindBullet logo THE DRAGON ROARS EAST
‘One China’ is the response as Taiwan formally declares independence
Dateline: 10 July 2008
The world held its breath today as a superpower conflict erupted in East Asia. In response to Taiwan's formal declaration of independence, China is ...
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Waiting in the wings
Posted: 21 August 2014  
There's a powerful, growing economy that is still under the radar in monetary terms. What happens when China uses digital Darwinism to leapfrog the old established reserve currencies? It could change everything, forever.
The Secret Life of the Renminbi
21 August 2014
The IMF chooses not to track the use of the renminbi as a reserve currency, which isn't stopping central banks from accepting it as such.
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
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Humans Need Not Apply
Posted: 21 August 2014  
If you missed my recent post about the robopocalypse, here's the video referenced in the Mashable story. It's well worth a look if you've got 15 minutes to spare, and makes an interesting counter argument to the optimism of Erik Brynjolfsson in The Second Machine Age.
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Bitcoin Central
Posted: 20 August 2014  
Here's an alternate future for Bitcoin, and it reads a bit like a MindBullet, set in 2024. I love the way Thomas Frey has brought the internet of things and a futuristic gadget into his scenario, but on the more serious side, I think they would call it something other than a bank. Bitcoin Clearing Centre perhaps?

One thing is for sure, even if the bubble bursts, the idea of cryptocurrencies ...
Establishing the Central Bank of Bitcoin
20 August 2014
The year is 2024. It seemed like a piece of nostalgia to open a new bank account and get a free toaster, but this wasn’t any ordinary toaster, and it ...
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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Just add sunlight for pure water
Posted: 18 August 2014  
Years ago we published a MindBullet that sketched a scenario which included the invention of a 'water cell' - a fuel cell that runs on seawater, producing electric power and pure water. Could this teenager's invention be the first step towards that slightly fanciful idea?
Teenager Invents Water Purifier That Creates Electricity With No External Power Source
18 August 2014
Her invention is a water purification system that does not require an external power source, but actually creates electricity of its own.
MindBullet logo SAHARA SHRINKS AS PLANET COOLS
Technology makes water abundant and upturns economies
Dateline: 1 June 2033
Two of the world's greatest problems, global warming and water shortage have been solved in one fell swoop. A new UN report shows that the great deserts of ...
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Robot-enabled digital fabrication
Posted: 18 August 2014  
Jordan Brandt is another futurist who sees 3D-printing as a key driver of innovation in manufacturing:

“On the 3D printing side, the biggest impact is ... the way that it’s making existing manufacturing processes more efficient,” sometimes by up to 60 percent, Brandt said in an interview. In these cases, new-age devices aren’t replacing traditional technologies, they’re augmenting them.

Brandt ...
A tech futurist on how robot-enabled 3D printing can change the world
18 August 2014
What does a tech futurist who has created his own concept of Elon Musk's proposed Hyperloop, founded a cloud collaboration company and earned a PhD from ...
MindBullet logo THE CURSE OF ABUNDANCE
Free energy spawns hordes of wetbots and kills off big brands
Dateline: 13 July 2033
"We're closing up shop. Wetbots made us broke." The production chief of iRobot consumer products grins ruefully. "Luckily we've still got our military ...
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Fusion's future
Posted: 15 August 2014  
This nuclear fusion startup isn't trying to recreate cold fusion experiments. Instead they think that their reactor engine can create hot fusion in one-second cycles, generating a net gain of electric current. The problem with fusion energy, it's always a decade away, even in a decade. I think cheap solar will beat fusion power in the next decade, but who knows?

"At the scale they’re designing ...
Y Combinator And Mithril Invest In Helion, A Nuclear Fusion Startup | TechCrunch
15 August 2014
Building a nuclear fusion reactor that can generate more energy than is put in to make it work is one of the biggest challenges facing engineers today. ...
MindBullet logo COLD FUSION SIGNALS THE END OF BIG OIL AND NUCLEAR POWER
It’s the start of a new low energy nuclear revolution
Dateline: 5 June 2014
Every once in a while we see the introduction of a technology that is so radically innovative that it seems magical, or impossible. The old clichés get ...
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A Giant Beam Of Energy From Space
Posted: 12 August 2014  
That's the idea behind this concept for an orbiting solar power station, and the subject of a MindBullet we published some time ago. But there's one reason I personally don't think this is going to materialize any time soon; the cost of putting this thing in space and keeping it orbiting exactly on station would be prohibitive. When you consider that solar panels you can put on your roof are ...
What If Giant Space-Based Solar Panels Could Beam Unlimited Power To The Earth?
12 August 2014
Not only would the energy source be continuous but it would also be clean and unlimited (until the sun explodes, that is).
MindBullet logo SPACE POWER FOR TIMES SQUARE
Space based solar station lights up New York City's New Year party
Dateline: 1 January 2024
A decade ago, people were fighting wars over energy; peak oil was a major concern; and shale gas was a short-term solution to the growing global demand for ...
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