– Breaking News | Latest News

Site Index
















On Air


Live Video







Fox News Store

Apps & Downloads


On Air Personalities


College Students

Fox Around the World

Advertise With Us

Terms of Use

Privacy Policy

Ad Choices

Contact Us

Email Newsroom


Media Relations

Closed Captioning Policy








Fox News

Back to Top

This material may not be published, broadcast, rewritten, or redistributed. ©2016 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes. Privacy – Terms – FAQ

Read More

DARPA’s New Robotic Limb Will Let Amputees Feel Again

Mind-controlled robotic limbs have, in some form, existed for a while: As early as 2010, the Defense Advanced Research Projects Agency funded testing for limbs controlled by signals directly from an amputee’s brain. On Thursday, DARPA released a video revealing a new technology called targeted muscle re-innveration, which allows amputees to control artificial limbs in a new way.

The technology, developed as part of DARPA’s Reliable Neural-Interface Technology (RE-NET) program, reads brain signals that are already connecting to nerves and muscles, such as those that cause phantom pain. It rewires the nerve endings that controlled an amputee’s original limb to the new, robotic limb, allowing a person to control his or her prosthetic with existing muscle structures. Amputees would not be dependent on visual feedback, as they are with existing technology, and would regain some sense of touch.

Targeted muscle re-innervation has gotten a lot of funding from the RE-NET program because, as the U.K’s Register notes, it eliminates the need for surgery on “the densest and most power-efficient computer on the planet” — the human brain. With improvements in medical technology and an increase in the number of amputees coming home from war, the need for new advances in technology is especially important. DARPA, with this new prosthetic, seems to be on the right track.

Read More

Automation is Coming: Stop Whining and Get Prepared

It seems not a day goes by that we don’t hear something about automation and new technologies that are going to replace human jobs. Perhaps it’s a large company like Google, Apple or Tesla working on a self-driving car; a company working on an implantable chip put into the human body to detect a serious disease years before it is even recognizable by modern medicine standards; or a no name guy who rises to fame with a new app that simplifies a difficult and tedious task. The reality is that automation is not some wild fantasy anymore that’s decades down the road. It’s already here and is going to dramatically change life as we know it.

With all the good that’s going to come with automation, we are suddenly faced with a new problem: the elimination of many middle class jobs. Dr. Michael A. Osborne from Oxford University’s Department of Engineering Science and Dr. Carl Benedikt Frey of the Oxford Martin School, estimate that 47 percent of jobs in the U.S. are “at risk” of being automated in the next 20 years. They say jobs that have already been severely impacted by computers (manufacturing, administrative support, retail, and transportation) will continue to diminish. Furthermore, they believe routine-based jobs (telemarketing, sewing) and work that can be solved by smart algorithms (tax preparation, data entry keyers and insurance underwriters) are most likely to be eliminated.

If you think income disparity is a problem in the United States now, watch what happens when many middle class jobs start disappearing. Is some form of socialism or equal sharing going to solve it? No chance. What about raising the tax rate to 90 percent or more? That might work if you were talking about subsidizing the poor, but it will never be enough to support America’s middle and upper class, people with solid paying jobs who make up roughly 70% of the population.

The solution

People are mixed over automation. Some are excited and on the edge of their seats waiting for the next big breakthrough. Others, however, aren’t as enthralled. The fact of the matter is, no matter what you think about it, you’re not going to have a choice. Rather than whine, complain or trying to fight it, it’s time to embrace it because it’s inevitable, and might very well replace your job.

What is the solution? As hockey great Wayne Gretzky said, “A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.” If your job is one of those that might very well be replaced, it’s crucial that you find ways to work with automation rather than against it.

Here’s my three-step solution for middle class America to be ready for the automation age.

1. Serve

If you’re not the next Elon Musk, the best thing you can do is learn to serve people like Musk who are inventing and leading us into the automation generation. The founders of this revolution are the mega wealthy, and we’re not talking about the top 1%. These are people who make the top 1% seem poor. They are the ones who own a fleet of private jets, yachts and even their own islands.

Serving the wealthy is always a good way to make money, and this is especially true as it relates to automation. Problem solving is the fastest way to build wealth, so ask yourself: what problems are people like Elon musk and other innovators going to face? How can I serve these people? What skills and talents do I have that they are going to need?

2. Support

First there were the big mainframe computers of the 1970s. Then the personal computer started to become commonplace in homes across America in the 1980s. And of course, the invention of the internet changed life as we know it in the late 1990s. The one thing all of these milestones have in common is they all needed support in order to survive. The people who acquired the necessary skills to support computers did very well for themselves. It didn’t matter if it was learning to write code, repair or service computers, design websites or serve as a technology consultant. Big opportunity was everywhere and many people accumulated great amounts of wealth as a result.

The automation generation is no different, and is going to need major support. You can’t wait until the technology is already here and used by everyone. The time to obtain the skills to support these systems is now.

Automation and technology are wonderful, but when things go wrong, they tend to go really wrong. We’ve already seen what can happen when technology that we take for granted goes astray. How many times have we heard about an airline computer system breaking down? The result is massive delays and headaches for millions of travelers. Or what happens when the electricity goes out? It turns our lives upside down.

No matter what the new technology is, it’s going to need repairs when it breaks. It’s going to need regular maintenance and support. It’s going to need updates and adjustments. And this is great news for humans because it’s going to be the opportunity of a lifetime. Of course, the key is you have to know how to support these systems. So while many middle class jobs are in jeopardy and are going to eventually be cut, on the flip side, there’s going to be so much opportunity like never before. I believe we’re going to see more new millionaires than we’ve ever seen in this country as a result.

3. Sell

Salespeople are the backbone of any organization, and there’s going to be huge opportunities to bring people together with products and services in the automation age. Who’s going to sell the automation? Who’s going to market it? The beauty of living in a capitalistic society means competition, and those who can connect the buyers and sellers and close the deals are looking at opportunities like never before.

Of course, any successful salesperson is only as good as the people and products behind him. Therefore, huge opportunities are also going to exist in marketing, public relations, advertising, photography, video production, graphic design, writing, editing and more.

The bottom line: automation is about to change the course of the world as we know it. It’s going to be a great disruptor and impact middle class workers like nothing we’ve seen before. You have two choices: sit around and become a victim, or get excited and jump in the game while it’s still early. America was built on innovation. Think of things like the railroad system, the assembly line, the highway system, the internet and more. Are you ready to become the next great innovator and continue the tradition? Or are you going to let the automation age sneak up on you and make your life a living nightmare? The choice is yours.

Read More

DARPA’s New Robotic Limb Will Let Amputees Feel Again

Mind-controlled robotic limbs have, in some form, existed for a while: As early as 2010, the Defense Advanced Research Projects Agency funded testing for limbs controlled by signals directly from an amputee’s brain. On Thursday, DARPA released a video revealing a new technology called targeted muscle re-innveration, which allows amputees to control artificial limbs in a new way.

The technology, developed as part of DARPA’s Reliable Neural-Interface Technology (RE-NET) program, reads brain signals that are already connecting to nerves and muscles, such as those that cause phantom pain. It rewires the nerve endings that controlled an amputee’s original limb to the new, robotic limb, allowing a person to control his or her prosthetic with existing muscle structures. Amputees would not be dependent on visual feedback, as they are with existing technology, and would regain some sense of touch.

Targeted muscle re-innervation has gotten a lot of funding from the RE-NET program because, as the U.K’s Register notes, it eliminates the need for surgery on “the densest and most power-efficient computer on the planet” — the human brain. With improvements in medical technology and an increase in the number of amputees coming home from war, the need for new advances in technology is especially important. DARPA, with this new prosthetic, seems to be on the right track.

Read More

The Car Company Tycoon Game

Automation is still in development, but you can get in on Early Access now! You’ll get instant access to some extra content for the current version of the game, and a copy of the full version when it’s completed, as well as every update along the way.

IMPORTANT NOTE: Automation is still heavily in development. There is already many hours of interesting gameplay to be had out of Automation, but some major features are not complete. Large updates are usually released every few months

Automation Early Access: Steam

Instant access to the Full Engine Designer and the Car Designer 

Unlocks Turbos, V6, V8 and I6 Engines and more Car Bodies

The full version of Automation when its completed (No more money to spend)

Extra content as its released

Approx $5 USD off the full price.

Multiplayer available in future versions

Read more about the game

Automation is sold as a Digital Download version only, and is for Windows PCs only

Click here to check the minimum specifications. Noting that if your Graphics Card doesn’t support Shader Model 3.0 or above it won’t run Automation (almost all modern graphic cards, but please check your graphics card manufacturer’s website if unsure)

Note: Intel Integrated Graphics cards (as seen on many budget laptops) are not officially supported but some of them may run Automation OK on low settings. Try the demo if unsure.

Read More

Robot chef serves up the future of home cooking

Imagine a world where you come home from a long day at work to a Michelin-starred meal, ready for you as you open the front door.

It might sound far-fetched but this fictional future isn’t as far away as you think.

Moley Robotics is the company behind the electronic cook.

Using the recipe from chef Tim Anderson, they’ve mapped the exact movements he uses to make a crab bisque.

Recording him using 3D cameras, the robochef now replicates those exact movements – every single time.

SOUNDBITE: Chef, Tim Andersen, saying (English):

“If it can really mimic my hands and any chef’s hands, then with some work on it there’s no reason it can’t do just about anything. Kneading bread, making sushi, all these things that are very hands on, for lack of a better term.”

The secret to robochef’s dexterity belongs to East London’s Shadow Robot Company.

For the last few decades they’ve been perfecting their robotic hand, now used in nuclear industry and being studied by NASA.

It’s designed to look human as well.

And that, says Moley Robotics founder Mark Oleynik, is as important as any bit of wiring.

SOUNDBITE: Moley Robotics founder and inventor, Mark Oleynik, saying (English):

“This is our target point, to make it human. Everything that people create they create by hand, so this is a key point to how people transfer their human intelligence.”

If the hands can be taught to cook, according to experts here, there’s no reason they couldn’t play the piano, learn carpentery and more.

In the meantime this could be the cook book of the future – downloading complex recipes for your kitchen robot, like songs from iTunes.

Serving up a reminder of the blurring lines between man and machine.

Read More

The DaVinci Surgical Robot Video

Now Playing: Back-to-School Vaccines

Now Playing: Workouts for Busy Moms

Now Playing: How to Avoid School Bullying

Now Playing: Post-Menopausal Osteoporosis

Now Playing: Medical Moments: Fetal Genetic Testing

Now Playing: Keeping Student Athletes Safe

Now Playing: HPV Vaccine for Anal Cancer

Now Playing: Healthy Lessons: Back to School Sleep

Now Playing: Healthy Lunchtime Choices

Now Playing: Marriage and Weight Gain

Now Playing: Chef-Inspired Healthy

Now Playing: Low Fat or Full Fat?

Now Playing: Body Dysmorphic Disorder

Now Playing: Uterine Prolapse

Now Playing: Vaccinations for Adults

Now Playing: Abs Workout

Now Playing: Benefits of Spices

Now Playing: Coffee for Cancer?

Now Playing: Poisonous Pools?

Now Playing: Best Health Bars

Read More

Se Abren las Inscripciones para el 25.° Automation Fair Event

MILWAUKEE–(BUSINESS WIRE)–Las inscripciones ya están abiertas para el 25.° evento

Automation Fair organizado por Rockwell Automation y los miembros de

su programa PartnerNetwork. Los fabricantes y productores de todo el

mundo podrán ver los últimos productos, servicios y soluciones que

ayudan a habilitar una Empresa Conectada en el evento de este año, que

se celebra en el Georgia World Congress Center, el 9 y 10 de noviembre

en Atlanta.

“Estamos bien posicionados para darle vida a la Empresa Conectada para

nuestros clientes, teniendo en cuenta nuestra tecnología, experiencia en

el campo, socios y acceso a los mercados”, señala Blake Moret,

Presidente y Director Ejecutivo de Rockwell Automation. “Se podrá ver el

poder de esta combinación en el evento Automation Fair. Como empresa,

seguimos enfocando toda nuestra pasión y conocimiento en ayudar a

nuestros clientes a mejorar su competitividad”.

Automation Fair Event

El 9 y 10 de noviembre, se exhibirán más de 100 exposiciones que

muestran las últimas innovaciones en la automatización de Rockwell

Automation y su programa PartnerNetwork. Los asistentes pueden

experimentar esta tecnología en 19 laboratorios de prácticas y

participar en cualquiera de las 93 sesiones técnicas. También pueden

escuchar las mejores prácticas de clientes y líderes de la industria en

nueve foros industriales diferentes, incluidos automóvil, química,

alimentos y bebidas, constructores de máquinas y equipos globales,

ciencias de la vida, petróleo y gas, gestión de energía y electricidad,

pulpa y papel, y aguas residuales.

Process Solutions User Group (PSUG)

El 7 y 8 de noviembre, PSUG reunirá a más de 800 profesionales de

operaciones, TI e ingeniería en las industrias de proceso para compartir

las mejores prácticas y aprender de sus pares. El evento contará con

aproximadamente 30 sesiones técnicas, ocho laboratorios de prácticas, y

más de 25 presentaciones de los clientes de Rockwell Automation.

Evento de Medios Globales Automation Perspectives

El 8 de noviembre, el foro global de medios anual Automation

Perspectives proporcionará a los medios globales y a los analistas de la

industria, una actualización sobre las últimas tendencias y las

perspectivas del futuro de la automatización. El evento incluirá

conferencias magistrales y comentarios de los ejecutivos y la gerencia

de Rockwell Automation de las empresas globales que compartirán sus

puntos de vista sobre el futuro de la fabricación global, el potencial

de las operaciones impulsadas por la inteligencia, y otros temas


La inscripción para el evento de 2016 Automation Fair, PSUG y el foro de

medios globales Automation Perspectives ya está


Acerca del PartnerNetwork Program de Rockwell Automation

El programa PartnerNetwork de Rockwell Automation ofrece a los

fabricantes globales, acceso a una red de colaboración de empresas

dedicadas mutuamente al desarrollo, la implementación y al soporte de

las mejores soluciones en su clase para lograr la optimización de toda

la planta, mejorar el rendimiento de la maquinaria y cumplir con los

objetivos de sostenibilidad.

Acerca de Rockwell Automation


Automation Inc. (NYSE: ROK), la compañía más grande del mundo

dedicada a la información y automatización industrial, hace que sus

clientes sean más productivos y que el mundo sea un lugar más

sostenible. Con sede central en Milwaukee, Wisconsin, Rockwell

Automation cuenta con cerca de 22 000 empleados para atender a clientes

en más de 80 países.

Automation Fair, LISTEN. THINK. SOLVE. y PartnerNetwork son marcas

comerciales de Rockwell Automation, Inc.

El texto original en el idioma fuente de este comunicado es la versión

oficial autorizada. Las traducciones solo se suministran como adaptación

y deben cotejarse con el texto en el idioma fuente, que es la única

versión del texto que tendrá un efecto legal.

Read More

Automation for the People: The Public, Technology and Jobs

A 2012 research brief by Erik Brynjolfsson and Andrew McAfee at MIT renewed an old debate over the effect of new technologies on employment levels. They argued that, counter to the prevailing belief that new technologies and automation simply shift jobs into new sectors after a period of disruption, instead rapid improvements in technology over the past decades have left some workers completely behind, a trend that will continue to accelerate as computers capabilities expand. But what does the public think? Do Americans see technological threats to employment, and have their views changed since the days when robots first began replacing line workers in factories? From the Roper Center for Public Opinion Research archive:

More machinery, fewer jobs?

The U.S. public has been asked about the effect of new technologies and automation on jobs since the early fifties, with pollsters showing particular interest in the issue during the high unemployment in the 1980s. Trends through 1999 show that the country is often evenly split on whether greater use of workplace technology increases or decreases employment, with variation in responses both over time and by question wording. One of the most negative responses was a 1983 poll that found 56% disagreed that computers and factory automation will create more jobs than they will eliminate, while only 39% agreed. In contrast, 34% in 1989 believed that scientific and technological changes cause unemployment because people’s jobs are replaced by machines, while 45% said scientific and technological changes increase the total number of jobs over the long run.


Current public opinion leans slightly towards a positive assessment of the effect of technology. A majority in a 2015 CNBC poll said that technology has more benefits than drawbacks to the economy, because it provides services and products to consumers at lower prices, though a substantial minority say that the drawbacks of replacing workers outweigh the benefits. A 2012 Pew poll found that 40% of Americans believe new technologies have increased the number of jobs in the U.S., while 32% think they have decreased the number, and 21% say they’ve made no difference.

The most recent poll on this issue points to potential shifts in public opinion with future technologies. A 2015 Monmouth poll about artificial intelligence found 72% of the public believe having machines with the ability to think for themselves would hurt jobs and the economy, among the most negative responses in the history of polling on the effect of technology on employment.

Specifically, is tech to blame for today’s unemployment

Questions that ask specifically about whether technology is to blame for current unemployment or underemployment have also found the public divided, though in recent years perhaps more inclined to lay substantial responsibility at the feet of automation. In 2013, a question with four-way response categories found 69% of the public put a lot or some of the blame for good paying jobs being hard to find on technology replacing workers.


Overall importance of technology in the economy

However, despite ongoing concern about the effect of technology on employment in particular, Americans have consistently been positive about the effect of technology on the economy overall, and in fact have seen technological innovation and development as vital to the country’s economic interests. For example, a 1983 Cambridge Reports/Research International poll found that 48% strongly agreed and 40% somewhat agreed that the future prosperity of the United States depended on more and better technology. In a 1996 Washington Post/Kaiser Family Foundation/Harvard Economy poll, 70% of Americans said the increased use of technology in the workplace was good for the economy. In a 2010 Allstate/National Journal poll, 79% said that information technology was extremely or very important to creating economic growth in the U.S.

So do the unemployed just lack skills?

The public’s generally positive views about the effects of technology on the economy do not necessarily conflict with their willingness to blame for current unemployment on workplace automation. The public may share the views of economists who argue that technology is disruptive in the short-term, but creates jobs in the long run. In this view, unemployment is caused by displaced workers lacking the skills for the newly available jobs, a situation that rights itself with time, training, and education. However, the public does not appear to see this disconnect between skills and jobs as the underlying cause of unemployment.

In a 1982 poll, 51% believed lack of jobs was the main cause of unemployment, only 21% believed it was lack of skills, and 26% that people just didn’t want to work. In 2010, an even greater proportion of the public believed there were no jobs available for the unemployed. Seventy-nine percent of the public said the main cause of unemployment was a lack of jobs, only 12% thought it was people lacking skills, and just 7% that people just don’t want to work.


Despite concerns about the effects of technology on jobs overall, very few people today are concerned about losing their own jobs to technology. In the 1980s, concerns were higher. In a 1984 Hearst Corporation poll, 29% said they were very concerned about computers or robotics threatening their job in the future, and 17% said they were somewhat concerned. A 1993 Gallup/CNN/USA Today poll, however, found only 5% thought technology could eliminate their jobs completely in 5 or 10 years. Over half (56%) believed technology could change the nature of their job, and 38% expected no effect.

Only 13% in a 2015 poll were concerned that their own job could be replaced with technology, at least in the near future. But a 2014 poll of the unemployed found that 30% said technology replacing jobs was at least a minor cause of their unemployment.


As computers take on more and more complex tasks, public opinion on this issue will no doubt continue to be monitored – but by whom? Pollsters, take heed: this NPR job automation assessment tool gives survey researchers a 23% chance of being replaced by machines in the next 20 years.

Read More

Investment Opportunities in Automated Economy

When will the jobs return? That’s been the question in this glacially slow recovery.

The answer? Many of jobs won’t be coming back, and that’s painful news for all of us.

Job creation ebbed for years before the 2007-2008 recession and is likely to fall far short of what it was in previous decades.

Low consumer demand is one reason. Companies have no reason to hire if people aren’t buying their products, and recession-wracked Europe, our biggest consumer, isn’t consuming as much.

Yet there’s another reason for weak job creation that isn’t talked about as much. Automation, aided by new technologies, is increasingly replacing labor, changing workplaces and altering the economy in fundamental ways.

For evidence of this trend, just look around your house, your office (if you’re fortunate enough to have one) and the nearest shopping center.

o IPhones, iPads, and other devices are changing the way we shop, communicate and get news and information, disrupting old labor-intensive industries, such as newspapers and the U.S. Postal Service, while creating new ones that generally employ far fewer people.

o Online banking, brokerage and mortgages are increasingly making it easier for consumers to never set foot in a brick-and-mortar bank.

o Movie-downloading services such as Netflix and Redbox have hastened the demise of video stores.

o Self-checkout aisles at stores and gas stations have eliminated thousands of retail jobs.

Truck drivers’ jobs might soon be on the line too. Experiments with computer-driven vehicles have had vastly improved results in the past several years. In 2005, computer-driven cars could go only a few miles. Recently, Google-operated cars went thousands of miles without a mishap, and California Gov. Jerry Brown just signed a bill to allow them on the state’s highways.

As technology evolves at an ever-increasing rate, new jobs are created but not fast enough to replace the jobs that are disappearing. This is creating hardship for millions of Americans.

“At some point in the future — it might be many years or decades from now — machines will be able to do the jobs of a large percentage of the ‘average’ people in our population, and these people will not be able to find new jobs,” writes Martin Ford in his eye-opening book Lights in the Tunnel, which can be downloaded for free. This book details the challenges that we face and offers some possible solutions, including shorter work weeks, job sharing, and eliminating payroll taxes so employers have less incentive to replace workers.

David Autor, an economist at MIT, points out that the job market has been “hollowed out,” with the jobs in the middle — clerks, administrative positions, factory workers — disappearing. At the same time, high-wage jobs have been created in computer programming and biotech. Low-wage, automation-resistant jobs in such industries as food service and health care are doing just fine.

While government officials can and should worry about how to create more good-paying jobs, investors who have long suffered from a sideways stock market can profit by seeking out companies on the leading edge of the automation phenomenon.

Examples include Rockwell Automation, which makes industrial systems; Irobot, a maker of automated tools such as vacuum cleaners and floor washers; Aerovironoment, which manufactures unmanned aircraft and other vehicles, and NCR, a great example of an old-line firm that morphed from mechanical cash registers to ATMs and automated check-in systems.

Another approach to finding investment opportunities stemming from the automation trend is to look for stocks with high sales to employees. A recent survey by Bloomberg calls attention to some companies with high sales-to-employee ratios. Among them: Apple, eBay, Microsoft, Amgen and Google.

Every industrial revolution has been accompanied by new technology that underpins the innovations, and that is also fertile ground for investors seeking growth. Microchips, computer storage, optical drives, LCDs, fiber optics and nanotechnology are just a few of the innovations that are driving the new economy.

Green energy is another trend that’s here to stay. The list of these companies is long but worth investigating for investing ideas.

The good news is that the United States has enormous capacity to supply needed goods and services (with less labor than ever before, which means higher productivity). Jobs are being replaced, to be sure. However, every scenario that Ford envisions won’t necessarily come to pass. Innovators in the global and U.S. economies will doubtless find new ways to make money.

This could mean that today’s manufacturing jobs will be increasingly supplanted by more service jobs. For example, all of the new automation equipment will need servicing. One thing that seers of the high-tech future typically fail to envision is technology needs a lot of work to keep it running.

Whatever the future holds along these lines, investing in old-line firms that are labor intensive seems to be an increasingly bad bet. Such companies tend to be mature, which typically means low-growth potential and low investment returns. By focusing on high-revenue companies that harness automation, however, you’ll be looking to the future. And after all, investing is all about the future.

Yet it’s important to keep in mind that the future never unfolds as neatly as even the best seers predict — even when they’re basically right. The key is to keep abreast of economic developments to see new niches of investing opportunity developing as a result of the automation trend.

On a brighter economic note, this investment will spur general economic growth that, for all we now know, could ultimately produce new jobs in areas that now we can’t even conceive.

This work is the opinion of the columnist and in no way reflects the opinion of ABC News.

Ted Schwartz, a certified financial planner, is president and chief investment officer of Capstone Investment Financial Group. He advises individual investors and endowments, and serves as the adviser to CIFG UMA accounts. Because Schwartz has a background in psychology and counseling, he brings insights into personal motivation when advising clients on how to achieve their wealth management goals. Schwartz holds a B.A. from Duke University and an M.A. from Oregon State University. He can be reached at

Read More