The Pentagon’s budget is going to fall from $716 billion in 2019 to $700 billion (2.3 percent) in 2020. The US military had been planning on a $733 billion budget in 2020 but Trump has ordered a 5% budget cut. In Fiscal Year 2019, the federal budget will be $4.407 trillion. The budget cut will …
Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2018, real GDP increased 4.2 percent. The Bureau emphasized that the third-quarter advance estimate released today is based on source data that are incomplete …
Prime Minister Justin Trudeau is planning to create a carbon pricing plan for four of the provinces in Canada. Ontario, Saskatchewan, Manitoba, and New Brunswick do have carbon pricing plans. Those provinces have nearly half the population of Canada. Trudeau leads the Liberal Party. Polling in 2018 has been mixed. The Liberals have generally been …
Ivy Leagues Universities and other selective schools discriminate against Asian-Americans in the college admissions process. Ivy league schools have 15-22% Asian enrollment versus 40-50% at top universities without race discrimination. The UC (University of California) system picks students based predominantly on grades and class rank. Caltech is a top school that does not discriminate based …
Crop irrigation uses 70% of global fresh water extractions. Irrigated crops make up 40% of globally available food calories. Advanced technologies that could provide irrigation efficiency (IE) are funded and supported to improve the crop per drop. This provides private benefits to irrigators and is supposed to save water for reallocation of water for cities …
Academics proposed a tax on all working adults aged under 40 in China and the money would go to a Reproduction Fund to reward families who have more than one child. In the first six months of 2018, the number of births in mainland China fell by 15 to 20% in many provinces from 2017. …
The CBO has analyzed what might happen to the budget deficit if key economic variables differed from those in the agency’s current economic forecast: The growth of productivity and, consequently, the growth of real (inflation-adjusted) gross domestic product (GDP); Labor force growth and, in turn, real economic growth; Interest rates; and Inflation. The White House …
Kevin O’Leary is a Canadian businessman, author and television personality. He co-founded O’Leary Funds and SoftKey. He is famous for being on the Shark Tank TV show. Kevin has a net worth of over $400 million. China also has higher tariffs. China had developing nation status with the WTO. Kevin O’Leary wrote an opinion piece …
The White House is pushing ahead with a second tax cut package. They plan to have a new tax package ready for a vote around September or October. National Economic Director Larry Kudlow told FOX Business in March that part of the second round of reforms could involve making individual tax cuts, and other provisions, …
This morning there is an Intellectual property panel for the AI Forum at the C2 Montreal The Key highlight – Chinese Universities are patenting everyones research from AI journals. Not just their own research but everyone else’s research where the researchers did not file for patent protection. The main countries in the world have first …
This is a AI Forum at C2 Montreal. This is sponsored by Element AI. Yoshua Bengio, Element AI Philippe Couillard, Premier of Quebec The Ethical and Economical Questions Surrounding AI In this talk, one of the most prominent researchers in artificial intelligence will discuss AI, economic development and ethics. Speaker: Yoshua Bengio, Co-Founder, Element AI …