Post-COVID economy will increase use of Technology, Telework and Automation, US Fed says - CNN

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Source link: https://edition.cnn.com/2020/11/12/economy/economy-after-covid-powell/index.html
Published by: CNN on 12 Nov 2020
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The Covid-19 pandemic brought the economy to a screeching halt, and while it has started its long road to recovery, the economy we knew is probably a thing of the past, said Federal Reserve Chairman Jerome Powell on Thursday. “We’re recovering, but to a different economy,” Powell said during a

virtual panel discussion at the European Central Bank’s Forum on Central Banking.

The pandemic has accelerated existing trends in the economy and society, including the increasing use of technology, telework and automation, he said. This will have lasting effects on how people live and work.

While technological advances are generally positive for societies over the long term, Powell said, on a short-term basis they create disruption, and as the market adjusts to the new normal the pain isn’t shared evenly.

For example, it’s likely that lower-paid workers, as well as those in jobs requiring face-to-face interactions, such as retail or restaurant workers, will shoulder most of the [...]



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Who are CNN?
Cable News Network (CNN) is a United States cable television news channel. It is a subsidiary of AT&T's WarnerMedia. CNN was founded in 1980 by American media proprietor Ted Turner as a 24-hour cable news channel. Upon its launch, CNN was the first television channel to provide 24-hour news

coverage, and was the first all-news television channel in the United States.
What is Technology?
Technology is the collection of techniques, skills, methods, and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation. A modern example is the rise of communication technology, which has lessened barriers to human interaction

and as a result has helped spawn new subcultures; the rise of cyberculture has at its basis the development of the Internet, computer, smartphone, and Artificial Intelligence.

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3.Half of New Testament forged, claims Bible scholar | CNN
4.Half of New Testament forged, Bible scholar says | CNN
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6.7 million-piece mosaic uncovered in Jericho after 80 years | CNN
7.New Dead Sea Scrolls cave discovered in over 60 years | CNN
8.Half of New Testament forged, Bible scholar says | CNN
9.Pope suggests it's better to be an Atheist than a bad Christian | CNN
10.The world's fastest growing religion? Islam | CNN
11.What 'Allahu Akbar' really means | CNN
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13.9 myths about Hinduism, debunked | CNN
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18.Methodist Church with 12.5M members reject Gay Homosexual clergy and Same-sex marriage | CNN
19.China's technology-driven war on its Uyghur Muslim minority | The Guardian
20.Louis Farrakhan, Alex Jones and other 'dangerous' voices banned by Facebook and Instagram | CNN
21.Silicon Valley: Big Technology building a Communist-style 'Social Credit' system | Breitbart
22.Fake News: BBC and Technology firms join forces to fight disinformation | BBC News
23.Fake, forged Dead Sea Scroll fragments fool Bible Museum | CNN
24.Lockdowns shouldn't be fully lifted until Coronavirus vaccine found, new study warns | CNN
25.Time for grocery stores to ban customers from coming inside because of Covid-19 | CNN
26.Oura 'Smart Ring' wearable technology gives early warning signs of COVID-19 | FT
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37.Post-COVID economy will increase use of Technology, Telework and Automation, US Fed says | CNN
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