Technology won’t lead to Utopia

Some points from Nobel Laureate economist Gary Becker: We’ll never have more time. This means time is a scarce resource, so no Utopia because there will always be scarcity: “For while the growing abundance of goods may reduce the value of additional goods, time...

Robots R Us?

Making Affordable Robotic Humanoids and Hands | MIT Technology Review: Significant progress that will make robots accessible to more people.

Festo Kangaroo Robot

Via Business Insider: Their newest robot is built on the principle of “recovering, storing, and releasing energy based on a natural model” in order to move around. In this case, the “natural model” is a kangaroo, so Festo’s robot...

Kind of like a snake eating something big

Via Business Insider: It shows the sector composition of the S&P 500 by market cap since 1974. As you can see, sector bubbles manifest when they suddenly explode as a percentage of the S&P 500. The dotcom bubble is very prominent, represented by the ballooning...