The U.S. economy sprouted 1.76 million jobs in July, significantly fewer than the 4.79 million added in June but surpassing analysts’ consensus expectation of 1.5 million. The gain still leaves the economy 12.88 million jobs short of the number it supported in February, according to the U.S. labor department. The unemployment rate dropped to 10.2...
Tag: aug 11 2020
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ARTIFICIAL INTELLIGENCE DESIGNS NEW PROTEINS
Life is a byproduct of proteins interacting. Now scientists have figured out how to add brand new proteins into those processes. Biologists at the University of Chicago showed an artificial intelligence system the genomes of thousands of organisms, from yeast to humans. From those, the AI program deduced the rules by which proteins are assembled...
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POWER COMPANY TESTS WIRELESS ELECTRICITY TRANSMISSION
Powerco, New Zealand’s second-largest electric utility, has teamed with start-up Emrod to test a commercial power system that scientists have fantasized about for a century: transmitting electric power wirelessly, safely, and without major losses en route. A prototype, able to transmit only a few kilowatts, will be built by October. The companies then will spend...
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STRICTER LOCKDOWN LAWS
Manila, the capital of the Philippines; New York City; and the state of New Jersey all had something in common last week: they are re-instituting stricter lockdowns despite small percentages of COVID-19 deaths. In Manila, city officials forced the cancellation of most domestic flights and imposed a night curfew. Police established road checkpoints to restrict...
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FED’S RESCUE PROGRAM NOT WORKING, BUSINESSES SAY
Among the 15,000 members of the Association for Corporate Growth who tried to borrow money through the U.S. Federal Reserve’s Main Street Lending Program, 81 percent were unable to, association officials told a Congressional hearing last week. Under the program, which began this month, the Fed will buy 95 percent of a bank’s loan to...
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FEDERAL RESERVE: WORLD’S CHEAP MONEY BARRON
From the beginning of the global economic shutdown until April, the U.S. Federal Reserve had loaned almost $500 billion to the central banks of other nations. The Fed’s goal was to prevent panic sales of dollar-denominated assets by countries desperate to raise cash to treat virus victims and prop up their economies. Fire sales would...
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“INTERACTIVE U” IN THE U.S.A.
Trends are born, they grow, mature, reach old age, and die. Online education continues to be the newly growing trend that Gerald Celente had forecast in 1996 in his book Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century. Last week in Chicago, educational officials announced due to rising...
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FROM BOLIVIA TO KENYA: SCHOOL’S OUT
Governments in a number of countries are adding a new core element to general education. Along with Reading, Writing, and Arithmetic they are adding a new subject: Fear. Last week, both Bolivia and Kenya announced cancellation of the entire school year… two countries with large populations of children from poor families. Indeed, not only do...
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BLACK LIVES MATTER: NO VACCINE
A new survey conducted by Northeastern, Harvard, Northwestern, and Rutgers found that if and when a COVID-19 vaccine becomes available, some 66 percent American say they’ll get vaccinated. While 77 percent of U.S. residents of Asian origin, 71 percent of Hispanics, and 67 percent of whites said they were likely to get the vaccine, only...
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FAT CHANCE FOR GOOD HEALTH
As reported for months in the Trends Journal, obesity is one of the main risk factors attributed to death from COVID-19. This makes the recent study on worldwide obesity particularly relevant. Of the higher income countries worldwide, the U.S. and Australia have the highest adult obesity levels. Indeed, one of our Top Trends for 2019...