Railroad infrastructure boosted farm income India in the early 20th century by 16%

How large are the benefits of transportation infrastructure projects, and what explains these benefits? Before 1870, India barely had railroads. It didn’t have many canals either, and only a small percentage of the population lived along the three main rivers. So when goods needed to be transported, people used steer, which could pull freight about …

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Poor countries can increase food production by 3 to ten times

Poor countries tend to have out one-tenth of the crop yield per hectare compared to the yield from rich countries. Farmers in rich countries are more productive than those in poor countries because they use better technology and infrastructure, and are subject to better government policies. If all the world’s farmers extracted the maximum potential …

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US economy growing faster than expected and in April is past $20 trillion GDP

In CBO’s (Congressional Budget Office) projections, the growth of real GDP exceeds the growth of real potential output over the next two years, putting upward pressure on inflation and interest rates. But during the 2020– 2026 period, a number of factors dampen economic growth: higher interest rates and prices, slower growth in federal outlays, and the …

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China Electric Car makers want competition with Tesla like Apple made smartphones better

Tesla will be expanding into the Chinese electric vehicle market since Beijing will be removing foreign ownership caps. Telsa will be welcomed according to the president of a Chinese electric vehicle start-up. “Tesla reminds me of Apple. It educated the high-end market for China, but it also spurred a lot of competitive, diverse brands like …

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China will start first new AP1000 nuclear reactor later this year and four by 2019

The loading of fuel assemblies into the core of unit 1 of the Sanmen nuclear power plant in China’s Zhejiang province began today following the issuance of a permit by the country’s nuclear regulator. The unit is later this year expected to become the first Westinghouse AP1000 to enter operation. In September 2007, Westinghouse and …

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Google might be able to do useful quantum chemistry with 100 qubits and they already have 72

The goal of the Google Quantum AI lab is to build a quantum computer that can be used to solve real-world problems. Our strategy is to explore near-term applications using systems that are forward compatible to a large-scale universal error-corrected quantum computer. In order for a quantum processor to be able to run algorithms beyond …

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AI Business value is $1.2 trillion in 2018 and will be $3.9 trillion in 2022

Global business value derived from artificial intelligence (AI) is projected to total $1.2 trillion in 2018, an increase of 70 percent from 2017, according to Gartner, Inc. AI-derived business value is forecast to reach $3.9 trillion in 2022. The Gartner AI-derived business value forecast assesses the total business value of AI across all the enterprise …

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$10 billion for SpaceX global internet satellite network and SpaceX BFR will have ten flights per day

SpaceX will make a massive network of literally thousands of low earth orbit satellites to provide high-bandwidth, low-cost internet connection to every square foot of planet earth. (This is at 9:38 to 10:37 in the TED talk video) Gwynne Shotwell: We actually don’t chat very much about this particular project, not because we’re hiding anything, …

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US is not buying regular cars so Ford will stop making them and shift to more SUV, trucks, SUV and new electric vehicles

By 2020, almost 90 percent of the Ford Motor company portfolio in North America will be trucks, utilities and commercial vehicles. Given declining consumer demand and product profitability, the company will not invest in next generations of traditional Ford sedans for North America. Over the next few years, the Ford car portfolio in North America …

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Major upgrade to Gmail

Google announced major improvements to Gmail on the web to help people be more productive at work. You can start using these new updates in Gmail on the web today, with some features appearing within the coming weeks. Go to Settings (the cog wheel in the top right corner of your inbox) and select “Try …

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