If you’re interested in invasive carp and how they’re menacing the Great Lakes, I have a new book to recommend. Even if you’re already well-read and up-to-date on the subject. Even if — make that, especially if — you think you understand how we arrived at this crisis. The book is “Overrun: Dispatches From the Asian Carp Crisis.” The author is Andrew Reeves, a younger Canadian journalist who has earned respect and awards as a contributor and editor at some good magazines. Back in 2012, Reeves was a legislative reporter for the Toronto Star when he noticed a news item about invasive carp — specifically, about an $18 billion project of the U.S. Army Corps of Engineers to keep these high-breaching stars of popular video clips from leaping out of the Mississippi River system and splashing down in the Great Lakes. Reeves read up on the issue and, to his enormous credit, resisted the newspaperman’s typical reflex to take a pass on a story … [Read more...] about New book explains the origins of the invasive carp crisis — and how we didn’t get here by accident
Recommendations on the transport of dangerous goods
Imagine that you’re the governor of Pennsylvania or Vermont, and you’re trying to figure out how to help your state cope with the impact of automation. What policies do you pursue first to ensure that people can succeed as the job market is rapidly remade? Actually, that’s a trick question. As a new study from Walmart makes clear, every state requires multiple sets of strategies, each one tailored to fit a particular “community archetype.” In fact, of the eight archetypes that the report identifies, Pennsylvania has seven of them within its borders. Even Vermont, with a total population just north of 600,000, contains four archetypes. On average, each state has five. “It really highlights the need for local solutions,” says Kathleen McLaughlin, the chief sustainability officer at Walmart, which will release the analysis today at the Bentonville Conference on American Life. Drawing on research from the McKinsey Global Institute, the Walmart … [Read more...] about New study shows how U.S. states should prepare for the impact of automation
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Debating the Economics of the Shutdown DealBook Supported by Jan. 25, 2019 Good Friday morning. Want this by email? Sign up here . Shutdown, Day 35: A “ ‘let them eat cake’ kind of attitude” It went viral. Wilbur Ross, the commerce secretary, told Andrew on CNBC that he didn’t quite understand why unpaid workers, some of them now turning to Uber and Lyft for income after missing their second paycheck, were visiting food banks. They should just borrow some money, he said: There really is not a good excuse why there should be a liquidity crisis. Now, true, the people might have to pay a little bit of interest. But the idea that it’s paycheck or zero is not a really valid idea. The comments reflect a “ ‘let them eat cake’ kind of … [Read more...] about DealBook Briefing: Debating the Economics of the Shutdown
As I write this blog, I wonder whether my job as a business writer will be overtaken in the future by software programs. Already, the job of business analysts and financial report writers is in jeopardy. Quarterly reports can now be sipped out of annual or quarterly results of companies by software scripts and apps. Machines are useful to man in a way that they can make his life easier, do repetitive tasks with accuracy and free up his time to let him find his true purpose. An automated drill can unscrew faster than a human, for instance. They should be deployed in doing dangerous and dirty tasks such as cleaning the windows of a skyscraper or clearing a gutter. But when it comes to deploying them in places where humans work will we see a social impact. While visiting a few McDonald’s outlets in Australasia, I was surprised to see only 2-3 people manning the entire outlet. Often there was nobody at the cashiers. So how do they process orders? McDonalds’ has put up … [Read more...] about Will your job disappear with the advent of AI by 2030?
Sections SEARCH Skip to content Skip to site index Retirement Subscribe Log In Log In Today’s Paper Retirement | The Myth of Steady Retirement Spending, and Why Reality May Cost Less Supported by Retiring ByPeter Finch Nov. 29, 2018 It’s the question at the heart of so much retirement planning: How much money will I need in savings when I’ve stopped working? To arrive at that number, many people start calculating an estimate of what they will need to live on each month. The figure they come up with often relies on a popular rule of thumb: the so-called 4 percent rule. This rule holds that if you invest in a mix of roughly 60 percent stocks and 40 percent bonds, you can safely spend 4 percent of your savings annually over 30 years without fear of depleting your nest egg. So if you retired at 65 with $1 million, you could withdraw $40,000 (adjusted each year for inflation) for living expenses … [Read more...] about The Myth of Steady Retirement Spending, and Why Reality May Cost Less