Lifeboat Foundation

Advocates contend central bank digital currencies can make cross-border transactions easier, promote financial inclusion and provide payment system stability. There are also privacy and surveillance risks with government-issued digital currencies. And in times of economic uncertainty, people may be more likely to pull their funds from commercial banks, accelerating a bank run.

Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own.

China has been in the lead in developing its own digital currency. It’s been working on the initiative since 2014. Chinese central bank officials have already conducted massive trials in major cities including Shenzhen, Chengdu and Hangzhou.

Continue reading “Central banks around the world want to get into digital currencies—here’s why” »

SACRAMENTO, Calif. (AP) — After getting $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and had “statistically significant improvements” in emotional health, according to a study released Wednesday.

The program was the nation’s highest-profile experiment in decades of universal basic income, an idea that was revived as a major part of Andrew Yang’s 2020 campaign for president.

Continue reading “Employment rose among those in free money experiment, study shows” »

The money committed to companies and projects in this area increased to $13.8 billion, more than 4.5 times that invested in 2019, according to the Artificial Intelligence Index, an annual report produced under the auspices of Stanford University’s Institute for Human-Centered Artificial Intelligence (HAI).

Those are a few of the insights from this year’s AI Index report, which shows adoption of the pandemic did nothing to dent adoption of the technology.

Critics of renewable energy often cite two reasons for why they think a transition from fossil fuels will take half a century. Firstly, that sources of renewable energy are too intermittent to be reliable and secondly, that governments cannot bear the costs of switching entire economies to clean energy.

National Academies study says fusion can help decarbonize US energy, calls for public-private approach to pilot plant operation by 2035–40.

Electricity generated by fusion power plants could play an important role in decarbonizing the U.S. energy sector by mid-century, says a new consensus study report from the National Academies of Sciences, Engineering, and Medicine, which also lays out for the first time a set of technical, economic, and regulatory standards and a timeline for a U.S. fusion pilot plant that would begin producing energy in the 2035–40 time frame.

To achieve this key step toward commercialization, the report calls for an aggressive public-private effort to produce by 2028 a pilot plant design that can, when built, accommodate any of the developmental approaches seeking to realize fusion’s potential as a safe, carbon-free, on-demand energy source.

Whoever manages it first, we are on the cusp of a new age sparked by fusion giving more than it gets (producing more energy than it uses), then miniaturization for practical use and mass manufacture. That would essentially mean that we have access to an infinite, cheap, safe, and clean energy source. No more coal. No more nuclear waste. Massively less global warming. Even better, given the fact that the world runs on an energy economy built around energy scarcity, we will essentially become a post-scarcity civilization. And THAT my friends is a permanent, impossible to overstate game changer. For EVERYTHING and EVERYONE — FOREVER.

But first, scientists need to see if it’s ready.

The Colorado Economic Development Commission normally doesn’t throw its weight behind unproven startups, but it did so on Thursday, approving $2.9 million in state job growth incentive tax credits to try and land a manufacturing plant that will produce hardware for quantum computers.

“Given the broad applications and catalytic benefits that this company’s technology could bring, retaining this company would help position Colorado as an industry leader in next-generation and quantum computing,” Michelle Hadwiger, the deputy director of the Colorado Office of Economic Development & International Trade, told commissioners.

Project Quantum, the codename for the Denver-based startup, is looking to create up to 726 new full-time jobs in the state. Most of the positions would staff a new facility making components for quantum computers, an emerging technology expected to increase computing power and speed exponentially and transform the global economy as well as society as a whole.

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Is the Minister of Science, Technology and Telecommunications for the country of Costa Rica and has served in this role since June 1st, 2020.

Dr. Vega-Castillo was previously Deputy Minister of Science and Technology and also served as Vice President for Research and Outreach in the Instituto Tecnológico de Costa Rica (ITCR) where she promoted the strengthening of research and outreach, and linkages with the national and international sector for increasing the scientific publication and patents.

Continue reading “Dr. Paola Vega-Castillo — Costa Rica’s Minister of Science, Technology and Telecom — Bio-Economy” »