Lifeboat Foundation

In a recent blog post, Paul Krugman tried to illustrate a point about the GOP tax cut plan by imagining interplanetary trade with Martians. (At least he’s now entertaining voluntary transactions, rather than an alien invasion.) Yet in his zeal to downplay the potential benefits to workers from a corporate tax cut, Krugman ends up shortchanging the versatility of markets. As a teaching exercise, I’ll walk through the full implications of Krugman’s story about Martians, to show the elegance of capitalism.

Krugman’s Martian Scenario

The context for Krugman’s fanciful thought experiment is the GOP plan to cut the corporate income tax rate from 35 to 20 percent. In order to sell this plan as pro-worker, the GOP defenders are arguing that capital is very mobile on the international market. Therefore, global investors can be picky, and must earn the same after–tax rate of return (due account being made for risk), wherever they invest. This means — so the GOP argument continues — that a large cut in the US corporate tax rate will simply invite a flood of foreign capital into the US, pushing down the pre -tax rate of return to reestablish equilibrium across all countries. Yet this process helps American workers, who are now mixing their labor with a larger capital stock. Because labor productivity is higher with more tools and equipment, wage rates end up rising. Thus, so the argument concludes, the primary beneficiaries of the GOP tax cut won’t be international capitalists, but instead will be American workers.

Even very moderate activity levels can influence the risk of death, according to a new study led by the University of Buffalo. The study showed that there was a significant reduction of mortality risk in women over 65 who regularly engaged in light physical activites, such as household chores.

Yes, folding the laundry, ironing, vacuuming the house and other menial tasks might not seem the most glamorous of activities, but they may help you to live longer.

Furthermore, with advancements in quantum computing and machine learning, many notable public figures, including Stephen Hawking and Elon Musk, have indicated a growing concern with the imminent threat of AI surpassing human intelligence (Gosset, 2017). For instance, Darrell M. West, a political scientist, has proposed a protectionist framework that appeals to transhumanism, in which he restructures socioeconomic policy to account for changes in technology-induced unemployment. In particular, he posits that “Separating the dispersion of health care, disability, and pension benefits outside of employment offers workers with limited skills social benefits on a universal basis” (West, 2015). Expounding upon this equivocation, a more viable solution to potential unemployment is the realization of a multi-faceted policy which advocates the improvement of STEM-related education on a broad economic base, with habituation programs for the unskilled workforce. That is, with the implementation of appropriate and reformatory policies concerning the future development of AI technologies, this sector provides an economic incentive for new job creation, compatible with industrial development.

Prompt: What are the political implications of artificial intelligence technology and how should policy makers ensure this technology will benefit diverse sectors of society?

In recent years, the rapid development and mass proliferation of artificial intelligence have had various sociopolitical implications. It is a commonly held belief that the emergence of this technology will have an unprecedented impact on policies and political agendas. However, such discourse often lacks a geopolitical and social dimension, which limits the breadth of analysis. Further, little consideration has been given to potential employment and public policy reform. Growing concerns have been raised regarding the potential risk inherent in the evolution of strong AI, which provides the basis for transhumanism, whereby it is conjectured that AI will eventually be able to surpass human intelligence. As such, it is incumbent upon the upcoming generation of policymakers to implement and adopt necessary measures, which will provide a careful, multilateral framework, ultimately achieving market-oriented technological advancement with respect to employment and public policy.

Continue reading “The Policy Prognosis for AI: Winner of the SSUNS 2017 Essay Contest” »

“How healthy are clones? What about clones of clones?”

This seems like a pretty silly way to go about testing this. I’d clone like 1,000 to 10,000 mice and track them down generations to see if there was anything abnormal. Then, 1,000 cloned rats. And, finally clone 100 monkeys.

Continue reading “World’s First Cloned Dog Has Been Cloned Again” »

“Increasingly, sophisticated and costly treatment are available to ever more limited and privileged segments of the population, and this raises questions about the sustainability of health care delivery and about what might be called a systemic tendency toward growing inequality in health care,” the pope said.

VATICAN CITY — Pope Francis on Thursday urged lawmakers to ensure that health care laws protect the “common good,” decrying the fact that in many places only the privileged can afford sophisticated medical treatments.

The comments came as U.S. lawmakers in Washington, D.C., have been debating how to overhaul the nation’s health insurance laws.

Continue reading “Pope to lawmakers: Protect all people with health care laws” »

Globally, antimicrobial resistance or AMR is becoming a core political, social and economic problem. The implications could never be more real than in Asia where, if no immediate action is taken, by 2050 about five million people are projected to die every year of conditions linked to bacterial infections resistant to antibiotics. This figure will be more than estimated cancer fatalities.

Katinka De Balogh says governments, individuals and health care professionals must all act to curb misuse before antibiotic-resistant bacteria creates a public health calamity.

The sense of touch is often taken for granted. For someone without a limb or hand, losing that sense of touch can be devastating. While highly sophisticated prostheses with complex moving fingers and joints are available to mimic almost every hand motion, they remain frustratingly difficult and unnatural for the user. This is largely because they lack the tactile experience that guides every movement. This void in sensation results in limited use or abandonment of these very expensive artificial devices. So why not make a prosthesis that can actually “feel” its environment?

That is exactly what an interdisciplinary team of scientists from Florida Atlantic University and the University of Utah School of Medicine aims to do. They are developing a first-of-its-kind bioengineered robotic hand that will grow and adapt to its environment. This “living” robot will have its own peripheral nervous system directly linking robotic sensors and actuators. FAU’s College of Engineering and Computer Science is leading the multidisciplinary team that has received a four-year, $1.3 million grant from the National Institute of Biomedical Imaging and Bioengineering of the National Institutes of Health for a project titled “Virtual Neuroprosthesis: Restoring Autonomy to People Suffering from Neurotrauma.”

More: http://asteroid.lu/asteroidexercise via NASA — National Aeronautics and Space Administration.

L amborghini has created the world’s first self-healing sports car. The Terzo Millennio, which translates as third millennium in Italian, has the ability to detect and repair cracks in its body work.

Using sensors the car can conduct its own health check to detect any damages and self-repair itself by filling the crack with nanotubes to prevent it spreading.

The super car was created in collaboration with researchers from the Massachusetts Institute of Technology (MIT) in Boston.

Continue reading “Lamborghini creates world’s first ‘self-healing’ sports car” »