The Digger

“Dramatic Change” Ahead: Robots Are Coming For 200,000 US Banking Jobs Tyler Durden OCTOBER 4, 2019 By  Tyler Durden A new report by Wells Fargo & Co. warns that nearly 200,000 US banking jobs are at risk of being displaced by robots. As we’ve  explained  in the past, accelerating technological advances in automation, artificial intelligence, and machine learning have the potential to reshape the world in the 2020s through 2030. The collision of these forces could trigger economic disruption far greater than what was seen in the early 20th century. Across the financial industry, a new wave of investment, somewhere in the tune of $150 billion per year, is being spent on technology, that will “lead to lower costs, with employee compensation accounting for half of all bank expenses,” said Mike Mayo, a senior analyst at Wells Fargo Securities LLC. The Wells Fargo study, which was first reported by  Bloomberg , indicates 20% to 33% of banking ...

Consent Factory, Inc. Manufacturing consent for private and public sector clients for over 250 years Trumpenstein Must Be Destroyed! So here we go. Like a 1960s straight-to-drive-in Hammer Film Production, the 2020 campaign season has begun. Dig into your bucket of popcorn, pop the flap on your box of Good & Plenty, turn off your mind, and enjoy the show. From the looks of the trailer, it’s going to be a doozy. That’s right, folks, it’s the final installment of the popular Trumpenstein horror movie series, TRUMPENSTEIN MUST BE DESTROYED! It will be playing, more or less around the clock, on more or less every screen in existence, until November 3, 2020 … or until Trump takes that lonely walk across the White House lawn to the Marine One chopper and flies off to Mar-a-Lago in disgrace. Here’s a quick recap of the series so far, for those who may be joining us late. When we last saw Trumpenstein he was out on...

September 29, 2019 The new generation of “pro-Western heroes” and “saints” is clearly failing to impress the world. Juan Guaido and Joshua Wong are definitely as right-wing as Mother Teresa was, but not as “credible”. A long time ago I visited a place in Calcutta, India, where Mother Teresa used to operate. According to the Catholic Church and Western propaganda apparatus, she was helping the poor. When I asked those who knew her personally, they described her as a spiteful, vindictive person, with a short temper. Off the record, of course, as to criticizing her openly would be met with great outrage all over the world. One of the greatest critics of Mother Teresa was an English-American author, Christopher Eric Hitchens, who wrote about her, frankly and openly: “This returns us to the medieval corruption of the church, which sold indulgences to the rich while preaching hellfire and continence to the poor. [Mother Teresa] was not a friend of the poor. Sh...

“I guess maybe Bernie Sanders shouldn’t exist,” said billionaire Steve Schwarzman while seated in a library building named after billionaire Steve Schwarzman and promoting a book with billionaire Steve Schwarzman’s face on it. According to Bloomberg this humble response from the always modest billionaire Steve Schwarzman came in response to a question posed by an audience member about a Sanders tweet in which the Vermont Senator said that billionaires should not exist. The comment was reportedly met with enthusiastic applause. Blackstone CEO Schwarzman, who has previously compared tax increases on the wealthy to the Nazi invasion of Poland, is an oligarch by any reasonable definition. As  one of America’s top individual campaign donors  he is immensely influential; his plutocratic power is so deeply interwoven with the highest levels of government that his book’s 14 pages of acknowledgements  describe cuddly relationships with a who’s-who of top U...