My Best Blogs – Oct. 2015

Here’s a list of October’s top-ten blogs, rated by the number of hits:

  1. Government planning £7bn assault on ‘gold plated’ final salary pension schemes – Telegraph
  2. Opinion – USA – Chartbook of Economic Inequality – Max Roser
  3. Opinion – Violence instead of democracy: Putin slams ‘policies of exceptionalism and impunity’ in UN speech — RT News – John Gelmini
  4. David Cameron’s four key demands to remain in the EU revealed – Telegraph
  5. Bring on the hipsters – Gentrification is good for the poor | The Economist
  6. Iran Wades Further Into the Syrian Swamp – Middle East News – Israel News – Haaretz Israeli News Source
  7. The Military Escalation in Iraq and Syria – Editorial – The New York Times
  8. The Hidden Debt Burden of Emerging Markets by Carmen Reinhart – Project Syndicate
  9. Virtual reality maze ‘predicts Alzheimer’s disease’ – BBC News
  10. Putin dares, Obama dithers | The Economist

Opinion – Bernanke says student debt no threat to U.S. financial system | Reuters – John Gelmini

Ben Bernanke, chairman of the Board of Governo...

Ben Bernanke, chairman of the Board of Governors, The Federal Reserve Board, USA. (Photo credit: Wikipedia)

I tend to agree with Dr Alf. According to Eric Schmidt of Google 50% of American jobs will have disappeared by 203,3 so many of today’s students will be out of work and unable to repay their student loans.

Bernanke in this article provided to us courtesy of Dr Alf is therefore propounding more of the nonsense we have come to know him for during and since the financial crisis.

Educational institutions, politicians and those in local authorities the world over, plus television commentators and economists are all in denial about AI, robotics, nanotechnology, automation and cybernetics. They still imagine that it will come right on the night and deliver “An age of leisure”, a concept I was first introduced to as a schoolboy by an English teacher called ‘Calthrop’ who wore a Harris tweed sports jacket with leather elbow patches.

The future is neither “Bright nor orange” but it will have to be faced squarely so that the fruits of production are shared more equitably and the concept of what work is for is redefined.

American parents and students are right to be worried about repaying student debt. This is a time-bomb.

John Gelmini