Cause For Optimism.
A spiral of blue light.
It is not hard to list reasons for pessimism: war, pestilence, and the division of the global economy into trading blocs. But the underlying cause for optimism is also very strong: there is still a significant amount of bottom-up innovation in the pipeline: fintech, biotech, robotics and especially environmental high tech. Some areas of the digital revolution are petering out, think smartphones, but new ones are on the horizon, like virtual reality. The central banks and governments are not the ones that makes economic growth happen in the long run. Their job is to allow the economy to run at close to full potential. If they do a more or less decent stabilization job, we see no reason why the extreme turbulence of the last two years cannot be followed by a golden era of tech-driven economic growth.
The main danger to this scenario are, as ever, intruding events, and policy failures. But the underlying economy is robust. (Source: eurointelligence.com)
2. Scientists have successfully developed a revolutionary cancer treatment that lights up and wipes out microscopic cancer cells, in a breakthrough that could enable surgeons to more effectively target and destroy the disease in patients. A European team of engineers, physicists, neurosurgeons, biologists and immunologists from the UK, Poland and Sweden joined forces to design the new form of photoimmunotherapy. Experts believe it is destined to become the world’s fifth major cancer treatment after surgery, chemotherapy, radiotherapy and immunotherapy. (Source: theguardian.com)
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