30 years on, what’s next #ForTheWeb?

On the World Wide Web’s 30th birthday, our founder and web inventor Sir Tim Berners-Lee reflects on how the web has changed our world and what we must do to build a better web that serves all of humanity. Please share using #Web30 #ForTheWeb. Today, 30 years on from my original proposal for an information management system, […]

U.S. Credit Card Debt Closed 2018 at a Record $870 Billion

U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter. “The increase in credit card balances is consistent with seasonal patterns but marks the first time credit card balances […]

As Amazon drops New York project, Ocasio-Cortez and progressives claim a major coup

U.S. Representative Alexandria Ocasio-Cortez wasted no time on Thursday in calling Amazon’s decision to scrap plans to build a major New York outpost with nearly $3 billion in city and state incentives a big victory for progressive politicians. The democratic socialist congresswoman has become the face of the Democratic Party’s ascendant left wing, thanks in […]

On North Korea and Iran, Intelligence Chiefs Contradict Trump

A new American intelligence assessment of global threats has concluded that North Korea is unlikely to give up its nuclear stockpiles and that Iran is not, for now, taking steps necessary to make a bomb, directly contradicting the rationale of two of President Trump’s foreign policy initiatives. Those conclusions are part of an annual “Worldwide Threat […]

Until the Next Crash

The populist revolt is not against the crash, or even its immediate aftermath, but against the nature of the recovery. “OF THE MAXIMS of orthodox finance,” wrote John Maynard Keynes in 1936, “none, surely, is more anti-social than the fetish of liquidity, the doctrine that it is a positive virtue on the part of investment institutions […]

India Is Launching the Largest Basic Income Experiment in History

“With the rise of global inequality, we want to ensure that we bridge the gap.” The small Indian state of Sikkim is about to launch a basic income experiment that will provide cash payments to each of its 610,000 citizens — a pilot that the Washington Post says is the largest basic income experiment in history. “In developed countries, […]

Top 10 Largest Economies By 2050: China, India, USA and the rest

The United States has been the global economic powerhouse for decades. It has had a significant lead over other economies, but China is rapidly closing the gap with the US. Even though China’s growth rate has slowed in recent years, economists predict its economy will surpass the US in the next few years. Other developed nations such […]

The U.S. Secretly Funded Research on UFOs, Wormholes, and Warp Drives

Documents show that the military has investigated a lot of fringe science. We already knew that the U.S. Department of Defense had secretly funded research on unidentified flying objects — yes, UFOs — thanks to 2017 reporting by the New York Times and the Washington Post. Now, new documents released by the Defense Intelligence Agency reveal that the program also studied a […]

Report: China poised to overtake US economy by 2020. America keeps losing ground

If a new report is to believed, the global economy is about to face a major shakeup. By 2020, China will have unseated the U.S. as the world’s top economic powerhouse. By 2030, the U.S. will also fall behind India, according to MarketWatch. Ultimately, the rankings will be determined by the well-being of each country’s middle class, according to […]

Russia is dumping US dollar from its huge reserves, shifting into euros and yuan

Russia’s central bank dumped $101 billion in U.S. holdings from its huge reserves, shifting into euros and yuan last spring amid a new round of U.S. sanctions. The central bank moved the equivalent of $44 billion each into the European and Chinese currencies in the second quarter, according to a report published on late Wednesday by the […]