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What to Expect from China’s new Five-Year Plan: Robotic Factories, AVs, and More

What to Expect from China’s new Five-Year Plan: Robotic Factories, AVs, and More

October 28, 2020Emerging Tech WriterCopyBeijing's top brass convened Monday to finalize China’s 14th Five-Year Plan (FYP), spanning 2021–2025. While FYPs used to primarily focus on steel production or market reforms, robotic factories and autonomous vehicles (AVs) are front and center now. Well, actually, we won’t know that until March. But it’s safe to say that semiconductors, 5G, cloud computing, and AI will be priorities. Since decarbonization will also into the 14th plan, you can also expect EVs, other new energy vehicles, and smart grids.But don’t take it from us. Innovation will...

October 28, 2020
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Here's the business model behind the media bias chart that's gone viral

Here's the business model behind the media bias chart that's gone viral

For once, Twitter agreed on something: It didn’t like this media-bias chart. Released twice a year, the most recent chart—a scatterplot of US media outlets organized, according to media ratings company Ad Fontes, by how partisan, accurate, and biased their coverage is—was recently nitpicked by journalists and commentators for attempting to, well, categorize the news, which can be like trying to compare apples to conspiracy-crazed oranges. Case in point: Though shown as having less bias—i.e., being more credible—news organizations like The New York Times are thrown in with sites such as...

Dec 8
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Devastating Tornadoes Level Parts of the Midwest

Devastating Tornadoes Level Parts of the Midwest

Twisters are rare for December, but atypical hot and humid weather contributed to a remarkably powerful storm cluster. A series of tornadoes flattened communities in Kentucky and other Midwestern states on Friday night. Kentucky Governor Andy Beshear said more than 80 people were killed in his state, but expected the death toll to rise to over 100. It is the deadliest tornado event in the state’s history, Beshear said. Twisters are rare for December, but atypical hot and humid weather contributed to a remarkably powerful storm cluster. A single tornado traveled 250 miles, which, if...

Dec 13
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Supply chain problems leave small businesses navigating uneven playing field

Supply chain problems leave small businesses navigating uneven playing field

From raising prices to placing big orders, this is how small business owners are dealing with supply chain headaches. Inflation keeps hitting American consumers, who have seen rising prices everywhere from the gas pump to the grocery store. But it’s weighing on small businesses, too. Mike Brey, the president of Hobby Works, a toy and hobby store with two locations in Maryland, raised the prices of over 10,000 products in his stores between July and October, from remote planes to 1,000-piece Lego sets. The average increases of 8–10% are meant to absorb Brey’s continually rising costs. “Many...

Dec 3
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What your inflation take says about you

What your inflation take says about you

Are you a Joey, a Chandler, or a guy who cares a lot about inflation? Expectations around inflation tend to fluctuate depending on factors like age, income, and Hogwarts house (OK, not that one)—and the differences can be pretty significant. The November results of the New York Fed’s Survey of Consumer Expectations—which measures what different groups think the median inflation rate will be in three years—revealed that Americans... Under 40: expect inflation to hit 3.5% Over 60: expect inflation to hit 4.7% Making less than $50k: expect inflation to hit 4.4% Making more than $100k:...

Dec 14
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