First Republic’s only customers appear to the be the rich. The bank has offices in such high-income zip codes as San Francisco, Palm Beach, Jackson (Jackson Hole), Wyoming, Palo Alto, Manhattan, Orange County, Napa, Boston, and San Diego.
Therefore, math exposes just how great income inequality is. Americans need to pay attention to the math, if they want to understand what is wrong with their economy.
Growing income inequality is one of the biggest problems facing nations of all shapes and sizes. Even the world’s richest and most sophisticated countries such as the United States are…
The world’s first robot gourmet is here. A company called Moley Robotics has created a robot that it claims can cook “any dish from anywhere in the world.”
Moley’s Robotic Kitchen consists a set of robotic arms that can do all the kitchen chores. The Kitchen’s hands look like those of a real human being; they have five fingers which means they can do everything, including washing the dishes. (more…)