Services ISM Smashes Estimates, Prints At 56.1 Highest Since 2022, As Prices Paid Tumble

UK Leads European Nations In Hiring Over-50s Over the past two decades, ageing populations, rising retirement ages and higher education levels have contributed to rising employment rates among workers aged 55 and over across OECD countries. Yet many workplaces are still designed around shorter careers, leading many people to leave work earlier than they need or want to. This deepens the demographic pressures facing ageing societies, including labor shortages, as early exits reduce the number of employees and inflate public welfare and healthcare costs. The OECD argues that employers play a decisive...

Chinese Firm To Deploy 100 Humanoid Robots To Households For Daily Chores Authored by Kaif Shaikh via Interesting Engineering, A Chinese robotics company has begun placing its humanoid robots inside real homes, marking a significant step in the race to develop machines capable of performing everyday household tasks. Wuhan-based GigaAI recently deployed the first batch of 100 SeeLight S1 humanoid robots for household testing, according to reports from China. The trial is being positioned as China's first large-scale real-home test of a general-purpose humanoid robot designed for domestic use. While humanoid robots have...

Contrary to what the Modern Monetary Theory advocates and their Chartalist allies are claiming, the 1690 colonial Massachusetts issuance of fiat money did not create an enlightened moment in U.S. monetary history. Instead, it was a monetary bait-and-switch.