War in Iran could alter economic order in the long term…
Even if the war in Iran ends for good soon, economists say it has already reshaped the global economic order, with lasting effects on energy markets and inflation. Johns Hopkins economist Steve Hanke told Fortune that the conflict benefits resource-hungry powers like Russia and China while leaving the U.S. more exposed.
… and air travel in the short-term
The head of the International Air Transport Association warned reporters that jet fuel shortages could persist for months even if Iran reopens the Strait of Hormuz, because refining capacity has been heavily disrupted. Airlines are already responding, with some raising checked-bag fees and fares.
How to look at the AI revolution
George Mason University economist Alex Tabarrok told Fortune that a world with 40% unemployment because of AI and a world with a three-day workweek are essentially the same scenario. He argues that the transition will be slow, but the “difference between catastrophe and wonderland” will be “how society chooses to distribute the gains.”
About michelleclarke2015
Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
canisgallicus 