Stories I Found Of Interest (weekly)

• Are Robots Killing The Middle Class? | The Federalist

  • A few years back, President Barack Obama claimed that America was experiencing “structural issues with our economy.” It wasn’t simply that inflexible Republicans were standing in the way of prosperity but that “a lot of businesses” had become more efficient. “You see it when you go to a bank and you use an ATM,” he went on, “you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate.”
  • A few years back, President Barack Obama claimed that America was experiencing “structural issues with our economy.” It wasn’t simply that inflexible Republicans were standing in the way of prosperity but that “a lot of businesses” had become more efficient. “You see it when you go to a bank and you use an ATM,” he went on, “you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate.”
  • “Productivity is at record levels, innovation has never been faster, and yet at the same time, we have a falling median income and we have fewer jobs. People are falling behind because technology is advancing so fast and our skills and organizations aren’t keeping up.”

• Day traders, angels and venture capital: The internet changes everything, including money - Tech News and Analysis

  • Fast forward to 2013 and we are seeing history repeat itself with new financial innovation dropping regulatory barriers, lower costs, and driving much wider participation in a previously closed market. The club-like closed ecosystem of startup investing is about to be pried open, thanks to new rules from the Securities & Exchange Commission, which has approved many reforms as part of the Jump Start our Business Startups (JOBS) Act
  • During the day-trading revolution, the biggest beneficiary was Island/Datek Online, a day trading platform started by Joshua Levine and Jeffrey Citron. The analogy in the startup world is AngelList, a startup funding platform co-founded by Naval Ravikant and Babak Nivi.

Posted from Diigo. The rest of my favorite links are here.