What will happen at the OPEC meeting?

2023-05-31 09:47:31

Agreement on the reduction of oil production and sale of oil for national currency

All OPEC members benefit from this to reduce dependence on the U.S.

The United States is considering a law known as NOPEC, which would allow the seizure of OPEC assets on U.S. soil if collusion in the market is proven. The United States in particular has no influence in the Middle East. So there is a media attack that we will vote and impose restrictive laws.

NOPEC law against cartels: will the US declare war on OPEC?

Explainer: Why is OPEC+ cutting oil output?

Is there enough good education in the world?

2023-02-06 09:23:31

No, dogmatic education is still used

A highly inefficient system of education is being used. What a student can read on their own in 10 minutes, they teach in 45 minutes.

So too are tests used that in the long term suppress the ability to choose, check, and think critically independently

Modern education system vs traditional education system

Accuracy 10

Why do some politicians predict the future?

2022-05-22 09:32:01

Because this is not a prediction, but an expression of the intentions of the state

They are just voicing the plans for several years ahead as if it were a prediction.

They cannot predict the simplest things, and the coronavirus is predicted with day-to-day accuracy, when it will start and when it will end, and how many waves there will be.

Even the best government cannot predict the future - so why do we trust them to design it?

Accuracy 10

How will AI affect the global economy?

2023-07-27 00:08:26

Despite all the fears and misgivings, AI will have a positive effect on the economy. AI will keep economic growth.

The majority of studies emphasise that AI will have a significant economic impact. Forecasts that by 2035, AI could double annual global economic growth rates. AI will drive this growth in three important ways. First, it will lead to a strong increase in labour productivity (by up to 40 %) due to innovative technologies enabling more efficient workforce-related time management. Secondly, AI will create a new virtual workforce – capable of solving problems and self-learning. Third, the economy will also benefit from the diffusion of innovation, which will affect different sectors and create new revenue streams.

AI leading to productivity gains in the near term, based on automation of routine tasks, which is likely to affect capital-intensive sectors such as manufacturing and transport. This will include extended use of technologies such as robots and autonomous vehicles. Productivity will also improve due to businesses complementing and assisting their existing workforce with AI technologies. It will require investing in software, systems and machines based on assisted, autonomous and augmented intelligence; this would not only enable the workforce to perform its tasks better and more efficiently but would also free up time allowing it to focus on more stimulating and higher value-added activities. Automation would partially remove the need for labour input, leading to productivity gains overall.

Notes from the AI frontier: Modeling the impact of AI on the world economy

Economic impacts of artificial intelligence (AI)