AI, Drones, Empathy, Alienation, and the Gig Economy


This post is by Lambert Strether from naked capitalism


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By Lambert Strether of Corrente. The Verge has an important post on content moderation in the corporate hellhole that is Facebook which has implications both for the future of work (or, as we call it, “labor”) and for services that we, as consumers (reproducing our labor power) file mentally as algorithmic or robotic, but are […]

Wolf Richter: Bring on Higher Oil Prices: They’ll Boost the US Economy. Powell Sees it Too. A New Experience for the US


This post is by Lambert Strether from naked capitalism


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The plunge in oil prices since August has caused the oil-and-gas sector to get skittish with capital expenditures this year, and Powell picked up on that. Investment in the US shale sector has a big impact on the real economy.

2:00PM Water Cooler 6/21/2019


This post is by Lambert Strether from naked capitalism


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By Lambert Strether of Corrente. Patient readers, as Yves approaches escape velocity from New York, I will be taking on more posting duties for the next week or so, and so Water Cooler may appear at odd times; but today you get The Full Cleveland on time! –lambert Politics “But what is government itself, but […]

2:00PM Water Cooler 6/19/2019


This post is by Lambert Strether from naked capitalism


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By Lambert Strether of Corrente. Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “2020 Democratic Presidential Nomination” [RealClearPolitics] (average of five polls). As of June 18: Biden up 32% (31.5%) and […]