Innovation Now Disrupts 5X More Jobs Annually (But There Is Good News)

Artificial intelligence, robotics, and automation is disrupting between 5 and 10% of jobs annually, according to Julia Lamm, a partner at PriceWaterhouseCoopers. That’s a 5X jump from traditional levels of 1-2%. Julia Lamb, partner at PwC, on-stage at Tech Beach Retreat in Jamaica John Koetsier The result? “30% of jobs are are high risk of […]

Cowboys Owner Jerry Jones Yanked Off Live Radio For Excessive Swearing

Cowboys owner Jerry Jones was yanked off a Dallas radio station for berating the hosts in a foul-mouthed tirade. Calling in to the team’s official radio home, 103.5 the Fan in Dallas just 12 hours after the team’s 31-24 defeat to the Chicago Bears, Jones started off salty according to the Washington Post.  “Get your […]

Ericsson to pay over $1 billion to resolve U.S. corruption probes

WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song […]

Fiat appeals to Europe's top court against $33 million EU tax order

FILE PHOTO: The logo of car manufacturer Fiat is seen in Zurich, Switzerland October 30, 2019. REUTERS/Arnd Wiegmann/FIle Photo BRUSSELS (Reuters) – Carmaker Fiat Chrysler (FCHA.MI) has lodged an appeal with Europe’s top court against an EU order to pay 30 million euros ($33 million) in Luxembourg back-taxes, seeking to overturn a lower tribunal ruling […]

Rickards: Trade Wars Just Getting Started

Authored by James Rickards via The Daily Reckoning blog, Markets are eagerly awaiting the conclusion of the so-called “phase one” trade deal between the U.S. and China. Both parties are trying to reach a mini-deal involving simple tariff reductions and a truce on new tariffs along with Chinese purchases of pork and soybeans from the […]

Is It Possible Trump Is on the Right Track With China?

“Trump’s trade war is losing, not gaining, support,” Paul Krugman wrote this week in his column “Why Is Trump a Tariff Man?” So why does the president avoid making the deals that might end this perpetual state of economic uncertainty? In a word, freedom. “Tariffs let him exercise unconstrained power, rewarding his friends and punishing […]

Iran Releases American Grad Student Held Since 2016 In Prisoner Swap

Despite the US sanctions and propaganda war against Iran continually heating up since the hot summer of ‘tanker wars’ and September’s Saudi Aramco attacks blamed on Tehran, it appears there’s still some behind the scenes diplomacy happening, or at least indirectly via European mediation.  The White House on Saturday celebrated the release of Xiyue Wang, […]

What's Possible?

Authored by Chris Martenson via, As we look at the multiplying signs of failure across our economy and the environment, society is slowly realizing that we need to start doing things very differently.  At least if we want a positive future in which we can believe. Those awakening to this are asking: What should we […]

How To Find Beta Testers For Your App Idea

Beta tests help you answer the question, does my app do what it’s supposed to do and is it ready for … [+] launch? When you align interests by inviting beta testers who will benefit from providing quality feedback, you build a win-win. Here are three ways to build this group. Getty Beta tests help […]

France’s Weekend of Discontent: Yellow Vest and Pension Protesters Gather

PARIS — One protest movement started a year ago in France and drew hundreds of thousands at its peak to roundabouts across the country in angry “Yellow Vest” demonstrations against planned increases in gas taxes. Another — a nationwide strike expressing fury over President Emmanuel Macron’s plans to overhaul the pension system — began this […]

MIB: Ben Horowitz, co-founder, Andreessen Horowitz

This week, we speak with Ben Horowitz, founding partner of famed venture capital firm Andreessen Horowitz, and author of What You Do Is Who You Are: How to Create Your Business Culture. A16Z (as it known) has $12B in assets under management across multiple funds, and was an early investor in such start ups as […]

Saturday links: A+ students

Saturdays are the day we catch up with all the non-finance related stuff we didn’t get to during the week. You can check out last week’s edition here. Quote of the Day “The flawed theory is that A+ students become good leaders. There’s no reason to think that this should be true.” (Seth Godin) Autos […]

Germany: Antifa Radicals Threaten To Assassinate AfD Member Of Parliament

Authored by Paul Joseph Watson via Summit News, Antifa extremists threatened to assassinate a member of parliament for the populist Alternative for Germany (AfD) party, even naming the exact date on which they would kill her. Police confirmed that left-wing radicals posted signs outside Christina Baum’s dental office in Lauda-Königshofen yesterday, including a wooden cross […]

Longform links: narrative and meme

Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including a look at how home delivery is reshaping our world. Quote of the Day “People sometimes ask me, if all the world is narrative and meme, then how can we tell what’s real?” (Demonitized) Corporate behavior Longreads

President Of Hong Kong American Chamber Of Commerce Rejected Entry To Macau

While China has considered those who drafted the US Hong Kong Human Rights and Democracy Act to be placed on a no-entry list — prohibiting them from traveling to mainland China, Hong Kong, and Macau, it seems that on Saturday a much broader list could already exist as the president of the American Chamber of Commerce (AmCham) in Hong Kong was […]

NATO Splits Reveal Alliance Is Redundant

Via The Strategic Culture Foundation, If the NATO summit this week marking the 70th anniversary of its foundation in 1949 was meant to be a resounding celebration, it backfired spectacularly, more as a resounding farce. Amid all the pomp and ceremony afforded by an official reception at Buckingham Palace, hosted by the British Queen, the […]

Play To Win: A Vicious Circle Masked As A Badge Of Honor

People who Play Not To Lose are stuck in scarcity and are unlikely to do something of significance, … [+] create a big vision or even focus on having a better future. Photo by Fauzan Saari on Unsplash Entrepreneurs are playing a losing game.  The game is heralded as the way business is done. It […]

The Average Cost Of An Illegally Purchased M16

In 2017, Statista put together an infographic about the price of an AK-47 on the black market and the weapon had an average cost of anywhere between $1,135 in Belgium and $2,100 in Syria. Calibre Obscura, a fascinating website and Twitter account devoted to research on arms in the hands of non-state groups, has now published data on the average price […]

News of the Weird

SlateStarCodex sums it up: You might already be following the Navy UFO thing: over the past few years, the Navy has encouraged its pilots to come forward with UFO accounts, signal-boosted the reports, and sponsored UFO research organizations, as if they’re trying to stoke interest for some reason. Now the plot gets weirder: a Navy […]

Start Taking Your Side Hustle Seriously. Here’s How.

It seems like these days, everybody’s got a side hustle. Your neighbor drives for a ridesharing service on the weekends. Your sister walks dogs whenever she gets a chance. You like to knit beanies and other items, which you sell online for a decent profit. Side hustles are great because they don’t interfere with your […]

3 Ideas to help you create content, which your marketplace will love

Photo: Shutterstock. If you’ve ever wondered, how some people are able to regularly produce effective content marketing; (newsletters, blog posts, articles, podcasts, etc), and how you can do the same, this post is for you. 1. Is this useful? There’s a sign on the wall in my studio. It’s a small sign, containing just 3 words: […]

Bankrupt PG&E reaches $13.5 billion settlement with California wildfire victims

(Reuters) – California’s bankrupt power producer PG&E Corp (PCG.N) said on Friday it had reached a $13.5 billion settlement with victims of some of most devastating wildfires in the state’s modern history. FILE PHOTO: Employees of Pacific Gas & Electric (PG&E) work in the aftermath of the Camp Fire in Paradise, California, U.S., November 14, […]

Germany fact of the day

Germany owns no nuclear weapons. It renounced the very idea when it reunified in 1990. But if war were to break out in Europe today, German pilots could clamber into German planes, take off from Büchel Air Base in Rhineland-Palatinate and drop nuclear bombs on Russian troops. The Luftwaffe can do that thanks to Nato’s nuclear-sharing […]

*The Korean Mind: Understanding Contemporary Korean Culture*

This is a weird book, published primarily in Singapore, and somehow not fitting the canons of what people “are supposed to do” (NB: it is not at all racist, just bolder in its cultural generalizations than is currently in vogue).  Nonetheless I learned a great deal from the book, while taking some parts with a […]

Ukraine Was The Origin Of The Trump-Russia Collusion Hoax

Authored by Lawrence Sellin via, December 2015 was a pivotal month in many respects… During the first week of December 2015, Donald Trump began to establish a substantial lead over his Republican primary opponents. Vice President Joseph Biden traveled to Ukraine to announce, on December 7th, a $190 million program to “fight corruption in law enforcement and reform […]

Visualizing The New Cryptocurrency Economy

Over a decade ago, the birth of Bitcoin sparked a revolution in the digital world – and just last year, the number of active cryptocurrencies jumped from roughly 1,600 to over 3,000 worldwide. As Visual Capitalist’s Ashley Viens details below, cryptocurrencies have now evolved past simple digital currencies, offering solutions to meet the complex needs of modern financial markets. […]

PG&E Reaches $13.5 Billion Deal With Wildfire Victims

After months of tense negotiations, Pacific Gas & Electric and lawyers for victims of wildfires that killed dozens of people and destroyed tens of thousands of homes and businesses agreed on Friday to a multibillion-dollar legal settlement. The victims wouldn’t receive all of the $13.5 billion that is being made available under the agreement. Some […]

Mexico says 'good progress' on trade deal although work remains

WASHINGTON (Reuters) – Negotiators working to close a new North American trade deal have made “good progress” but many elements are not yet resolved, Mexico’s deputy foreign minister said on Friday. FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade, reacts during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal at the […]

That Banana on the Wall? At Art Basel Miami It’ll Cost You $120,000.

Remember when Morley Safer famously — controversially — asked on “60 Minutes” whether Marcel Duchamp’s urinal and Jeff Koons’s vacuum cleaners were really art? Now, in the spirit of such questions, comes Maurizio Cattelan’s (somewhat overripe) banana pinned to the wall with gray duct tape. For three buyers at Art Basel Miami, who paid between […]

Trump calls for World Bank to stop loaning to China

FILE PHOTO: U.S. President Donald Trump speaks during a working luncheon with permanent representatives of the United Nations Security Council in the Cabinet Room of the White House in Washington, U.S., December 5, 2019. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump on Friday called for the World Bank to stop loaning money […]