Tag: liberal

Growth of value chains will be hurt by trade war: World Bank’s Aaditya Mattoo

Growth of value chains will be hurt by trade war: World Bank’s Aaditya Mattoo

Aaditya Mattoo, World Bank’s Chief Economist for East Asia and Pacific region. NEW DELHI : Aaditya Mattoo is the co-author of a World Bank Development Report (WDR) 2020 on global value chains (GVCs) and its role in powering a surge of international trade after 1990. In India on a short visit, Mattoo, the World Bank’s Chief Economist for East Asia and Pacific region, spoke of the impact of the US-China trade war on GVCs, the lessons India could learn from countries like Bangladesh and Vietnam and why automation and artificial intelligence need not necessarily lead to job losses. Edited […]

Your View: Ignore Andrew Yang. Automation is good for our economy

Your View: Ignore Andrew Yang. Automation is good for our economy

Robots weld the bed of a 2018 Ford F-150 truck at the Ford Rouge assembly plant in Dearborn, Michigan. (Carlos Osorio/AP) The presidential debates have featured several candidates with new proposals to curb the threat automation poses to workers. Andrew Yang has his signature Freedom Dividend, giving $1,000 a month to every American to alleviate technological unemployment.

There’s a catch with all of these solutions, though. The problem they’re meant to solve doesn’t exist. Ignatios Draklellis (CONTRIBUTED PHOTO) The idea that jobs are being automated so quickly that it is displacing workers and causing societal dysfunction has become ubiquitous in […]

Editorial: Scary reading for rural America

Editorial: Scary reading for rural America

If you want to read something grim, depressing and sometimes downright scary this Halloween season, you could try a Stephen King novel.

Or you could read the report “The Future of Work” by the New York-based consulting firm McKinsey & Company. The King novel might have more gripping prose, but the McKinsey report is much more frightening because it’s not made up.

Here’s the essence of it: “In the decade ahead, the next wave of automation technologies may accelerate the pace of change. Millions of jobs could be phased out even as new ones are created. More broadly, the day-to-day nature […]

Major threat to U.S. jobs today? It’s automation, not China

The adoption of technologies to let machines take over much of the work people do is just getting going.

LEE SCHAFER @LeeASchafer

Sometimes there can be sharp differences in a Democratic presidential debate, like when Sen. Elizabeth Warren turned a question about the threat of jobs lost to automation by insisting that bad trade rules are really to blame.Nonsense, responded lawyer and entrepreneur Andrew Yang, who noted that driving trucks is the top job in 29 states. He’s got friends in California testing self-driving trucks right now. What will truck drivers and truck-stop staff do for work when the […]

If the Democrats preserve saying loopy issues concerning the financial system, Trump will win once more

If the Democrats preserve saying loopy issues concerning the financial system, Trump will win once more

With felonies flying quick and livid at 1600 Pennsylvania Avenue this week, it could appear a curious time to jot down about how Democrats operating for president are saying sort of loopy issues.

However they’re.

As a result of Andrew Yang, Bernie Sanders and (typically) Elizabeth Warren are radically misdiagnosing issues within the U.S. financial system, they’re off — typically miles off — in prescriptions for reform.The sheer quantity of free speak about how capitalism is failing is gorgeous. This myth-making scares employees within the current, and sparks proposals that ought to scare markets for the long run.Like, what?Robotic responseStart with […]

Opinion: If the Democrats keep saying crazy things about the economy, Trump will win again

Opinion: If the Democrats keep saying crazy things about the economy, Trump will win again

Elizabeth Warren and Andrew Yang exchange a high-five at the Democratic presidential candidates debate. With felonies flying fast and furious at 1600 Pennsylvania Avenue this week, it may seem a curious time to write about how Democrats running for president are saying kind of crazy things.

But they are.

Because Andrew Yang, Bernie Sanders and (sometimes) Elizabeth Warren are radically misdiagnosing problems in the U.S. economy, they are off — often miles off — in prescriptions for reform.The sheer amount of loose talk about how capitalism is failing is stunning. This myth-making scares workers in the present, and sparks proposals that […]

Opinion: If the Democrats keep saying crazy things about the economy, Trump will win again

Opinion: If the Democrats keep saying crazy things about the economy, Trump will win again

Elizabeth Warren and Andrew Yang exchange a high-five at the Democratic presidential candidates debate. With felonies flying fast and furious at 1600 Pennsylvania Avenue this week, it may seem a curious time to write about how Democrats running for president are saying kind of crazy things.

But they are.

Because Andrew Yang, Bernie Sanders and (sometimes) Elizabeth Warren are radically misdiagnosing problems in the U.S. economy, they are off — often miles off — in prescriptions for reform.The sheer amount of loose talk about how capitalism is failing is stunning. This myth-making scares workers in the present, and sparks proposals that […]

Independent candidate feels the system is broken

Independent candidate feels the system is broken

Maria Lewans Swift Current resident and small business owner Maria Lewans is running as an independent candidate in the Cypress Hills-Grasslands federal riding.

She feels that society needs to change profoundly and the political parties in this federal election are not able to implement transformative change.

“We’re digging ourselves deeper into our problems instead of getting out,” she said. “I didn’t think any of the other parties were really addressing the situation. I don’t think re-arranging our taxes, giving tax breaks, filtering money here and there, is going to do anything. Our problems plaguing society are very deep-rooted and we really […]

Globalisation, robotics and pathways to development

Globalisation, robotics and pathways to development

Trade for Development News discussed the future of globalisation and pathways to development with Richard Baldwin, Professor of Economics at the Graduate Institute, Geneva, and Director of the Centre for Economic Policy Research. In his latest book, The Globotics Upheaval , Baldwin predicts a future globalisation shaped by digitally fuelled innovations in robotics and artificial intelligence that will be very different from the present and the past. This future raises important questions around prospects for least developed countries in a dizzying era of global disruption.

TfD: Before peering into the future, let us first take a quick step […]

Times of Malta Comment Policy

Times of Malta Comment Policy

One of the fathers of the US Constitution, James Madison, famously wrote that a democracy could not flourish if its people was ignorant; it could only end in farce, tragedy, or both. He had in mind both access to news and knowledge of constitutional rights and freedoms, and why they needed safeguarding.

So the process of constitutional reform here will hopefully mean that we not only change what needs to be changed for the better, but also ensure greater public awareness of constitutional values. Some things are worth reflecting on even if we have no intention of changing them.

The reason […]