Mish's Global Economic Trend Analysis

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Software Robots Eliminate 94.7% of Jobs Needed for Space Launches Posted: 14 Sep 2013 06:20 PM PDT It used to take 150 to do a space launch. Now it takes 8 thanks to artificial intelligence at the launch site. That is a 94.7% reduction in the number of jobs. The BBC reports Japan launches 'affordable' Epsilon space rocket Japan has launched the first in a new generation of space rockets, hoping the design will make missions more affordable. The Epsilon rocket is about half the size of Japan's previous generation of space vehicles, and uses artificial intelligence to perform safety checks. Japan's space agency Jaxa says the Epsilon cost $37m (£23m) to develop, half the cost of its predecessor. Jaxa said the Epsilon was not only cheaper to produce, but also cheaper to launch than the M-5. Because of its artificial intelligence, the new rocket needs only eight people at the launch site, compared with 150 people for earlier launches. Japan's other recent space innovations included sending a talking robot to the International Space Station. If it can be automated, it will. I am wondering "what cannot be automated? Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

Want to Get on the Disability Gravy Train? There's an App For That! Posted: 14 Sep 2013 01:48 PM PDT In response to several recent posts on disability fraud, I received several interesting emails from readers. Reader Ervin writes .... Hi Mish, I have a niece and nephew in their early thirties. Both are perfectly healthy. They have a son with a slight learning disability. The mom got him on disability and then applied for funds to take care of him and got it. Her husband, an Afghanistan vet in supply never saw a moment's action. He worked at a desk. When he came home he applied for disability claiming Post Traumatic Stress Syndrome and got on disability. The wife then applied for money to take care of him. She got it. They are also on a long list of other entitlements like welfare. They bought a new house a little over a year ago and a month ago they both went out and bought two brand new cars! She actually brags about playing the system. I have no doubt there are hundreds of thousands or millions doing the same thing. Needless to say it boils my blood. Ervin There's an App For That! Want on the disability gravy train? Several readers said to check out Disability Over 50. We could help you get your benefits approved! Get your FREE, no-obligation evaluation now. All free evaluations are performed by an experienced social security disability advocate or attorney. Since when do lawyers do anything for free? Someone has to pay. So who is it? I wanted to call them, but there is no number, just online forms, then they call you. Possibly states pay them to get you off welfare and on to disability, or possibly you pay them something if they succeed in getting you on disability. Either way, there is no one acting on behalf of the taxpayer, to stop fraud. Incentive For Fraud I noted in detail how fraud works and why in States Have an Incentive to Promote (Not Stop) Disability Fraud; So How Much Fraud Is There? Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.

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