Cash would still be used as a medium of exchange, but it would lose its significance as a store of value. In a way, that's what central banks are trying to achieve when they keep lowering interest rates, sometimes breaching what is called the “zero bound.” They want money to get out and work rather than languish in bank accounts, with the idea that spending will increase demand and thus inflation rather than deflation.
As this report spells out, “By 2030, Asia-Pacific countries will comprise nearly two-thirds of the global middle class, dwarfing the projected one-fifth for Europe and North America combined.” Along with climate change this is one of the great geopolitical meta-trends that will define the 21st century. In the U.S., one has to also add The Emerging White Minority Trend. And yet you will find barely a mention of this anywhere in corporate media. Why is that do you think? Austerity economics and deregulation have virtually destroyed the American middle class, certainly made it a shadow of its former self. In those European countries which embraced Austerity Economics a similar process has been going on. At the same time India, China, the Asia-Pacific nations, are creating a middle class that will dwarf its White counterpart. Power will shift. Our intransigence concerning climate change, means leadership will go elsewhere, and will increase the speed of this transfer. We are going into a different world. And because profit is our only cultural priority, we are doing it rather badly.
The presentation caused quite a stir but it was when Nobel Prize winner Barry Blumberg approached Mr. LeClair and told him that he believed his theory was the most sound that he had heard yet, that Mark had gotten the jolt he needed to see an old problem with new eyes.
In 2013 Plamen Goranov, a 37-year-old construction worker and artist from Varna, Bulgaria set himself on fire as a form of political protest. PLAMEN (also meaning ‘flame' in Bulgarian) explores what led the young activist to his protest and ultimately to his death, thus setting a disturbing trend of self-immolations in the EU's poorest country.
The US Navy's Space and Naval Warfare Systems Command (SPAWAR) has closed a $9.1 million contract extension with Microsoft that the agency originally announced in April to further extend custom support for the venerable Windows XP operating system, as well as the Office 2003 suite and Exchange 2003 e-mail. According to a Navy contracting announcement, “Across the United States Navy, approximately 100,000 workstations currently use these applications. Support for this software can no longer be obtained under existing agreements with Microsoft because the software has reached the end of maintenance period.”
I am tired of answering questions about the alleged blockbuster revelations from a sponsored study and an academic Internet legal eagle wizard. To catch up on the swizzled search results “news”, I direct your attention, gentle reader, to these articles:
I don’t have a dog in this fight. I prefer the biases of Yandex.ru, the wonkiness of Qwant, the mish mash of iSeek, and the mixed outputs of Unbubble.eu.
