“The government even went a step further in promoting the cryptocurrency’s use by giving $30 in free bitcoins to citizens who sign up for its national digital wallet…” https://t.co/Y4Apz1mKcp
— Daniel Christian (he/him/his) (@dchristian5) September 4, 2021
This 12-year-old coder is set to earn over $400,000 after about 2 months selling NFTs — from cnbc.com by Taylor Locke
Excerpt:
But lately, non-fungible tokens, or NFTs, and the smart contracts, or collections of code, that power them, have caught Ahmed’s attention.
“I first learned about NFTs earlier this year,” Ahmed, who is based in London, tells CNBC Make It. “I got fascinated with NFTs because you can easily transfer the ownership of an NFT by the blockchain.”
From DSC:
Law professors who teach property and contracts might be interested in this as well. 🙂
And speaking of emerging technologies and the law, also see:
College Was Supposed to Close the Wealth Gap for Black Americans. The Opposite Happened. — from wsj.com by Rachel Louise Ensign and Shane Shifflett
Black college graduates in their 30s have lost ground over three decades, the result of student debt and sluggish income growth
Excerpt:
The drop is driven by skyrocketing student debt and sluggish income growth, which combine to make it difficult to build savings or buy a home. Now, the generation that hoped to close the racial wealth gap is finding it is only growing wider.
More than 84% of college-educated Black households in their 30s have student debt, up from 35% three decades ago, when many baby boomers were at the same age. The younger generation owes a median of $44,000, up from less than $6,000. By comparison, 53% of white college-educated households in their 30s have debt, up from 27% three decades earlier. The median amount rose to $35,000 from $8,000. All figures are adjusted for inflation.
Also see:
American Talent Initiative 2021 | Third Annual Progress Report — from sr.ithaka.org by Martin Kurzweil, Tania LaViolet, Elizabeth Davidson Pisacreta, Adam Rabinowitz, Emily Schwartz, Joshua Wyner; with thanks to Goldie Blumenstyk at The Chronicle of Higher Education for this resource
Excerpt:
The progress report includes new enrollment data from the 2019-20 academic year as well as Fall 2020. The pre-COVID and COVID era data reveal four key findings:
The impact of blockchain, cryptocurrencies, and NFTs on the legal industry with Joseph Raczynski — from buzzsprout.com by the ABA Center for Innovation
Today we will discuss blockchain, cryptocurrencies, and NFTs and their impact on the legal industry. Joining us is an expert in all things blockchain and crypto, Joseph Raczynski. Joseph Raczynski is a Technologist & Futurist with Thomson Reuters.
Also see:
The Law Firm of the Future — from joetechnologist.com by Joseph Raczynski
Excerpt:
Attorneys look to precedent to solve today’s legal problems. “Steeped in tradition” is how we often describe the legal profession. As result, it’s no surprise that there is inherent tension between emerging technology and the legal profession. The American Bar Association’s 2020 TechReport, which surveys firms and tracks attorney use of technology in their practices, reported that only 7% of attorneys are using tech tools, such as Artificial Intelligence (AI), for document review and research. Firms with more than 100 attorneys are more likely to use AI, as well as firms that engage in mass tort litigation. Despite promises of increased efficiency, productivity, and profitability, a significant number of attorneys cite distrust of the technology and underlying algorithms.
Even though the legal services market is estimated to be a $1T industry globally, Forbes reports that it is also one of the least digitized…
The Short-term Credentials Landscape — from newamerica.org by Monique O. Ositelu, PhD, Clare McCann, and Amy Laitinen
What We See and What Remains Unseen
Abstract
Given the rapid growth in short-term programs, and policymakers’ fast-growing interest to invest federal higher education dollars into very-short-term credentials, we explore what the research does—and does not— show us about such credentials’ utility in the labor market. With concerns about equity, our review of the literature guides us towards caution, as a strong push for short-term certificates may run the risk of reifying socioeconomic stratification.
From DSC:
I wonder…will accreditation move towards the use of crowd-sourced methods? Similar to rating one’s driver or one’s experience with a product, will microcredentials get into more reviews and recommendations from the users of various learning/training-related sites and services?
Will users of a service comment on whether the credential helped them (with a salary increase, with practical knowledge, with an expanded scope of projects at work, etc.)?
21 jobs of the future: A guide to getting — and staying — employed over the next 10 years — from cognizant.com and the Center for The Future of Work
Excerpt:
WHAT THE NEXT 10 YEARS WILL BRING: NEW JOBS
In this report, we propose 21 new jobs that will emerge over the next 10 years and will become cornerstones of the future of work. In producing this report, we imagined hundreds of jobs that could emerge within the major macroeconomic, political, demographic, societal, cultural, business and technology trends observable today, e.g., growing populations, aging populations, populism, environmentalism, migration, automation, arbitrage, quantum physics, AI, biotechnology, space exploration, cybersecurity, virtual reality.
Among the jobs we considered, some seemed further out on the horizon and are not covered here: carbon farmers, 3-D printing engineers, avatar designers, cryptocurrency arbitrageurs, drone jockeys, human organ developers, teachers of English as a foreign language for robots, robot spa owners, algae farmers, autonomous fleet valets, Snapchat addiction therapists, urban vertical farmers and Hyperloop construction managers. These are jobs that younger generations may do in the further off future.
Also see:
Here are the top 10 jobs of the future — from bigthink.com by Robert Brown
Say hello to your new colleague, the Workplace Environment Architect.
Excerpt:
6. Algorithm Bias Auditor – “All online, all the time” lifestyles for work and leisure accelerated the competitive advantage derived from algorithms by digital firms everywhere. But from Brussels to Washington, given the increasing statutory scrutiny on data, it’s a near certainty that when it comes to how they’re built, verification through audits will help ensure the future workforce is also the fair workforce.
Chip funding of $50B would boost domestic jobs in construction, design, study says — from fierceelectronics.com by Matt Hamblen
Excerpt:
A new study projects a $50 billion federal investment in domestic chip plants would create 185,000 temporary American jobs and add nearly $25 billion to the U.S. economy each year until 2026 as new fabs are built.
The semiconductor industry currently employs 277,000 people in 49 states in the U.S. and supports 1.6 million U.S. jobs, according to the study by the Semiconductor Industry Association and Oxford Economics. In 2020, the industry’s total impact on the U.S. economy surpassed $246 billion.
Digital Dollar Project to launch five U.S. central bank digital currency pilots — from datafloq.com by Michelle Price
Excerpt:
WASHINGTON (Reuters) – The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.
…
A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research into a U.S. central bank digital currency (CBDC).
…
CBDCs are the digital equivalent of banknotes and coins, giving holders a direct digital claim on the central bank and allowing them to make instant electronic payments.
Blockchain 50 2021 — from forbes.com by Michael del Castillo
(From DSC: I missed this one…yet wanted to get this out there.)
Excerpt:
No longer dismissed as a haven for criminals and drug dealers, Bitcoin and blockchain have gone mainstream. Bitcoin’s 2020 surge grabbed the attention of C-suite executives worldwide; not only are companies employing the technology underlying Bitcoin to perform tasks such as reconciling invoices and verifying product provenance, but dozens are now holding Bitcoin as a treasury asset. Our third annual Blockchain 50 features companies that lead in employing distributed ledger technology and have revenue or a valuation of at least $1 billion. Twenty-one newcomers—including the world’s largest bank, the Industrial and Commercial Bank of China, and four others from Asia—make their debut. They take the spots of such U.S. companies as Facebook, Google, Amazon and Ripple, all of whom are still active in blockchain but kept lower profiles in the space over the past 12 months.
Harvard and its peers should be embarrassed about how few students they educate — from washingtonpost.com by Jeff Selingo
Their minuscule admissions rates are a sign of failure, not success.
Excerpt:
Harvard’s announcement this past week that its acceptance rate fell to an all-time low of just 3.4 percent will be viewed by some alumni as a triumph — a sign of their alma mater’s popularity and prestige among high school grads. And some alumni of elite institutions like Yale (4.6 percent), Brown (5.4 percent) and Princeton (4 percent) may feel the same glow of pride. In actuality, these numbers are signs of institutional failure.
That some 55,000 applicants were denied the chance to attend Harvard — which, with its $42 billion endowment, is fully capable of serving more than 1,640 students in an incoming class — is no cause for celebration. Instead, the ever-declining proportion of applicants accepted at such top-ranked universities should spur them to consider making their freshman classes substantially larger. Such a move would be especially appropriate — and, perhaps, more imaginable — after a pandemic year when universities across the country have had to reconceive education in a multitude of ways.
From DSC:
I couldn’t agree more. These types of schools should pursue a much more noble goal and seek to educate the masses. Make far larger contributions in order to make the world a better place to live in. Open up the doors. Stop recreating the caste system we have in the U.S.
Also see:
The Endless Sensation of Application Inflation — from chronicle.com by Eric Hoover
Excerpt:
The numbers get bigger each year. Now they’ve reached a mesospheric level of madness.
Yes, we’re talking about application totals at highly selective colleges, a fixation for a jittery subset of the planet. In the 2020-21 admissions cycle, many of the final tallies broke records — and, surely, record numbers of hearts. The more applicants that apply to a hyper-competitive college, the more rejections it must deliver.
But what do such metrics really tell us? What, if anything, does the annual OMG-ing over these statistics add to up to? Let’s pause here and remember that application inflation isn’t new: Acceptance rates at many institutions have been plummeting for years. Also, a 35-percent increase like the one Tufts University just saw didn’t mean there was a 35-percent increase in highly qualified applicants with a prayer of getting in, or a 35-percent increase in applicants who meet each of the institution’s many needs.
Bitcoin – The Currency Of The Future — from bitrebels.com by Faizan Javaid
Excerpt:
In its relatively short lifespan, Bitcoin has managed to grow from only a small movement of computer fanatics, Cypherpunks, and cryptographers into an increasingly mainstream phenomenon. Not only that but it is supported by a blueprint and ethos that could very well lead to a redesign of the internet and the financial system we know today. In its wake, many financial analysts, supporters as well as skeptics seem to be faced with the same question: Could Bitcoin be the currency of the future?
From DSC:
I like the last sentence. That should have been the title of the article — i.e., “Could Bitcoin be the currency of the future?”
The Art World Goes Blockchain — from protocol.com by David Pierce
Excerpt:
The NFT explosion is tied up in the rise of Bitcoin and other cryptocurrencies, which is tied up in a general frenzy of investment, and so who knows what will eventually crash when the rest of it does.
Excerpts:
The next normal is going to be different. It will not mean going back to the conditions that prevailed in 2019. Indeed, just as the terms “prewar” and “postwar” are commonly used to describe the 20th century, generations to come will likely discuss the pre-COVID-19 and post-COVID-19 eras.
2021 will be the year of transition. Barring any unexpected catastrophes, individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present.
In this article, we identify some of the trends that will shape the next normal. Then we discuss how they will affect the direction of the global economy, how business will adjust, and how society could be changed forever as a result of the COVID-19 crisis.
A ‘Great Cultural Depression’ Looms for Legions of Unemployed Performers — from nytimes.com
With theaters and concert halls shuttered, unemployment in the arts has cut deeper than in restaurants and other hard-hit industries.
Excerpt:
During the quarter ending in September, when the overall unemployment rate averaged 8.5 percent, 52 percent of actors, 55 percent of dancers and 27 percent of musicians were out of work, according to the National Endowment for the Arts. By comparison, the jobless rate was 27 percent for waiters; 19 percent for cooks; and about 13 percent for retail salespeople over the same period.
Also see:
Actors and Writers and Now, Congressional Lobbyists — from nytimes.com
Be an #ArtsHero started with a failed effort to extend unemployment benefits. It’s gone on to be a prime proponent of the message: Cultural work is labor.
