Elon Musk’s proposal of ‘universal high income’ to combat AI job losses baffles economists

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Elon Musk turned heads Friday when he suggested that the federal government paying citizens a “universal high income” is the best way to combat AI-related job losses. “Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI,” Musk said in a post on his own […]


Economists say risk of recession rises if oil cost hits a key benchmark as Iran war continues

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Crude oil prices would need to jump to roughly $138 a barrel amid the war on Iran and stay there for at least a few weeks to put the US at a serious risk of a recession, according to a new survey of economists released Thursday. Iran’s blockade of the Strait of Hormuz, a vital […]