James Bessen, an economist at Boston University School of Law, found that as the number of ATMs in America increased fivefold from 1990 to 2010, the number of bank tellers also grew. Bessen believes that ATMs drove demand for consumer banking: No longer constrained by a branch's limited hours, consumers used banking services more frequently, and people who were unbanked opened accounts to take advantage of the new technology. Although each branch employed fewer tellers, banks added more branches, so the number of tellers grew overall. And as machines took over many basic cash-handling tasks, the nature of the tellers' job changed. They were now tasked with talking to customers about products -- a certificate of deposit, an auto loan -- which in turn made them more valuable to their employers. "It's not clear that automation in the restaurant industry will lead to job losses," Bessen told me.
- Android Wear 2.0 is a thing, not vaporware. It's still pretty raw (think of early Android phones) but it works well. The LG Sport Watch is the highest-end device that supports it.
- LTE-enabled smartwatches finally allow you to ditch your smartphone, if you wish. Just pop you nano SIM in it and party on. The availability is still limited to a few SKUs in some countries, and they're ludicrously expensive, but it's getting there.
Keep reading for his assessment of four high-end choices -- and share your own opinions in the comments.
China Daily reports that the 230 foot long vessel is equipped with a 2,400 kWh lithium-ion battery, a cheaper and cleaner power supply. And Clean Technica notes that that battery is comprised of 1,000 individual lithium-ion packs, while "Adding enough power to carry more cargo is simply a matter of adding more battery packs."
Hicks has also started looking at the bias baked into algorithms, specifically at when it first crossed from human to computer. The first example she turned up had "something to do with transgender people and the government's main pension computer." She says that when humans were in the loop, petitions to change gender on national insurance cards generally went through, but when the computer came in, the system was "specifically designed to no longer accommodate them, instead, to literally cause an error code to kick out of the processing chain any account of a 'known transsexual.'"
The plant is expected to have the capability to provide enough energy to power 2,350 average homes and enough fuel to operate 1,500 hydrogen-powered vehicles daily. The company is estimating the plant to be able to produce 2.35 MW of electricity and 1.2 tons of hydrogen each day. The facility will also be equipped with one of the largest hydrogen fueling stations in the world. Toyota's North America group vice president for strategic planning, Doug Murtha, says that the company "understand[s] the tremendous potential to reduce emissions and improve society."
The move is part of a larger restructuring effort under GE's new chief executive John Flannery, who has faced immense pressure to regain the company's footing since taking the helm in June of this year. GE's stock price plunged 44% this year, the worst performer on the Dow, according to Bloomberg. The company aims to cut $3.5 billion of expenses across its divisions by the end of 2018, including a $1 billion cut from the power division.
Last week, Schmidt's attorneys made a last-minute bid requesting a lighter sentence for Schmidt: 40 months of supervised release and a $100,000 fine. Schmidt also wrote a letter to the judge, which surfaced over the weekend, in which the executive said he felt "misused" by his own company and claimed that higher-ranked VW executives coached him on a script to help him lie to a California Air Resources Board (CARB) official. Instead, Schmidt was sentenced to the maximum penalties outlined in the plea deal. Only one other VW employee has been sentenced in connection with the emissions scandal: former engineer James Liang, who received 40 months in prison and two years of supervised release as the result of his plea deal. Although six other VW Group executives have been indicted, none is in U.S. custody.
American's policy dictates that if the bag is carry-on size, passengers can take the luggage onboard, so long as the battery can be removed if needed. If passengers need to check the bag, the battery must be removed and carried onboard. But if the bag has a non-removable battery, it can't be checked or carried on. An FAA spokesman told The Washington Post that the airlines' policies are "consistent with our guidance that lithium-ion batteries should not be carried in the cargo hold."