Terence Corcoran: Blockchain’s groundbreaking, world-shaking, life-changing technology revolution has been cancelled

Terence Corcoran: Blockchain’s groundbreaking, world-shaking, life-changing technology revolution has been cancelled

In the “cycle of hype,” a non-scientific concept invented by U.S. tech research group Gartner, new technologies travel through phases on their way to market. Before the final productive phase, new ideas begin with an initial “technology trigger.” In a second phase, the idea moves through a period known as the “peak of inflated expectations.”…

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Can a no-deal Brexit be stopped?

Can a no-deal Brexit be stopped?

EVEN AS THE House of Commons began five days of debate on Theresa May’s Brexit deal this week, MPs were focusing on the vote due on January 15th. Everyone (except perhaps the prime minister herself) expects it to be lost. But nobody agrees on what happens next. Mrs May has simply warned MPs that they…

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The retreat of global democracy stopped in 2018

The retreat of global democracy stopped in 2018

DEMOCRACY stopped declining in 2018, according to the latest edition of The Economist Intelligence Unit’s Democracy Index. The index rates 167 countries by 60 indicators across five broad categories: electoral process and pluralism, the functioning of government, political participation, democratic political culture and civil liberties. It is stricter than most similar indices: it concludes that…

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The outlook is dim for Americans without college degrees

The outlook is dim for Americans without college degrees

AMERICA’S AGEING economic boom can still produce pleasant surprises. Companies added an astonishing 312,000 new jobs in December, the Bureau of Labour Statistics reported on January 4th, and raised pay at the fastest clip in years. For the third of working-age Americans without any college education, such spells of rapid income growth have been exceedingly…

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