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Economy Finance News

Best Seven Inventions from the Industrial Revolution: How the World Changed in Times

It was a time when the technological and social change happened, somewhere between mid-1700’s and mid-1800’s. The Industrial Revolution represented these changes that made the present be what we see today.

We’ve picked a few inventions that happened during the Industrial Revolution, that are now very important for our society.

Flying shuttle

This one was used through Lancashire after 1760, and it’s one of the most important inventions of the period. It was made by John Kay in 1733, and it doubled the production that a weaver could make – it allowed the workers to split.

Before this, a weaver should’ve been placed each side of a broad-cloth loom, but now, one weaver could do the job of two. Other improvements were made after, and the most important one took place in 1747. It allowed the production of textiles to develop beyond the capacity of the industry.

The Spinning Jenny

This one was another great invention that happened during the Industrial Revolution. It happened in 1764, and James Hargreaves came up with the idea. This allowed workers to spin even more wool at once. Of course, it increased the productivity of mills, and it helped in the industrialization of the textile industry. It allowed the workers to work about 8 (or even more) spools at once. During the time, that number got to 120 spools at once. By 1778, there were about 20.000 Spinning Jennys in the United Kingdom.

The Watt Steam Engine

James Watt created the steam engine in 1775. His idea of adding a separate condenser improved the efficiency of the steam engine. This would become a very popular invention and would get installed in factories and mines for all over the world.

In his original idea, he’s also integrated a crankshaft and gears – it became the model of every modern steam engine. Then other improvements happened, in all the industries everywhere. This will also lead to the invention of locomotives.

The Cotton Gin

Eli Whitney invented the cotton engine in 1794. But before this, people had to remove the cotton seeds by hand. It was hard work, and it took a lot of time. The Cotton Gin helped many farmers and made them think that cotton should be their main crop. Seeds and fibers were separated efficiently, so now it was easier for them to use the fibre to make cotton goods linen.

Telegraph communications

This one came at the end of the Industrial Revolution, and it was one of the best inventions ever created. It happened in the early 1800s, and it changed the way people communicate forever. Instant communication became possible across the country, then across the world. This helped in keeping the humans posted when it came to the geopolitical events.

Portland Cement

Joseph Aspdin was the one who, in 1824, made a chemical process in order to get Portland Cement. This one was very important, as it came in handy in the construction industry.

The process was made out of sintering a mixture of clay and limestone to 1,400-degree centigrade. Then, this mix had to be ground into a fine powder, and the mixed with gravel and sand.

After some years, Portland Cement would be used to construct the Thames Tunnel, then on the construction of the London Sewage system. Then it started to help around the world.

The modern roads

In that period, the roads were not maintained as they were supposed to be. However, John McAdam would make a new road building technique that would change the world. His roads were proven to be the biggest progression in road building ever.

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Economy Finance News Personal Finance

What Are the Highest-Paying Tech Jobs In The United States?

Tech jobs are in demand, and reports on the highest paying jobs in America revealed that tech jobs offer the largest salaries.

  1. Software Development Manager

This job has a median base salary of $108,879. If you are looking to become a software development manager, you should know that there are 1,064 job openings.

  1. Software Architect

At the moment there are 1,130 job openings and the median base salary for a software architect is $105,329.

  1. IT Program Manager

If you are looking to become an IT program manager, you should know that there aren’t too many job openings in the United States: 219. Additionally, the median base salary for this job is $102,969.

  1. Data Architect

With a median base salary of $101,900, this job is quite popular among tech experts. You should also know that the number of job openings is 1,472.

  1. Solutions Architect

Those who are interested in becoming a solutions architect should know that there are 5,899 job openings available at the moment. The median base salary is $102,160.

  1. Applications Development Manager

There are only 360 job openings for this position, but the median base salary is attractive enough: $104,048.

  1. Systems architect

The median base salary for this job might appear smaller compared with others, and it is $100,984. There are also 1,146 job openings available in the United States.

  1. Cloud Engineer

This job is not as well paid as others, but the median base salary remains a large one: $96,449. The number of job openings is 1,077.

  1. Data Scientist

The data scientist job has 4,986 job openings and the median base salary for it is $96,116.

  1. Engineering Manager

This is another profitable tech job, and its median base salary is $105,260. The good news is that there are more job openings for this job: 4,738.

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Economy News

Trump Continues to Tweet about Hurricane Maria as Florence Continues to Ravage

Despite Hurricane Florence still beating down the Carolinas, the United States President, Donald Trump, continues to use Twitter to question the real number of deaths which occurred in Puerto Rico during last’s year Hurricane Maria. Members of his own party gathered plenty of criticism earlier this week for claiming without evidence that members of the Democratic Party ginned up the death toll in order to smear the name of the President.

This Friday, Trump used Twitter to yet again cast doubt over the estimated 2,975 people who were killed on U.S. territory by Hurricane Maria. According to him, the researchers from the George Washington University made the numbers appear ‘like magic’ by using and unproven and unprecedented method. These researchers used the mortality data and performed certain analyzes to determine exactly how many Puerto Ricans died during or after the hurricane.

Trump appeared to quote the Washington Post while he tweeted: “when Trump visited the island territory last October, OFFICIALS told him in a briefing 16 PEOPLE had died from Maria”. Another tweet said that “This was long AFTER the hurricane took place. Over many months it went to 64 PEOPLE. Then, like magic, “3000 PEOPLE KILLED”.

He continued his tirade with yet another tweet: “They hired … GWU Research to tell them how many people had died in Puerto Rico (how would they not know this?). This method was never done with previous hurricanes because other jurisdictions know how many people were killed. FIFTY TIMES LAST ORIGINAL NUMBER – NO WAY!”

Until late August, the official numbers showed that 64 people died because of Hurricane Maria, despite some doubts hanging over this information. August 27th brought on an official statement from the Puerto Rican government which read that 2,975 people died, a number based on a study performed by the George Washington University.

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Economy Finance News

Tips For Finance Recruiters To Hire Better

Every person who owns a company knows that hiring the best candidate for a job is a significant step and a very challenging one, at the same time. As many businesses intensified their hiring efforts, you have to step up and get in line with your competition and even surpass it. To hire better, here are some of the best tips for finance recruiters.

You should be aware that more and more financial companies are emerging lately and the competition in this specific market is indeed fierce, both between businesses and jobs candidates.

Therefore, to obtain an advantage over their competition, financial recruiters have to find the best candidates for their finance job opportunities. To achieve that, here’s a list of some of the best tips to hire better.

Best tips for finance recruiters to hire better

Diversity might be the key

It could be essential to take diversity into account whenever filling your company’s finance job openings.

While building a team with diverse ages, races and genders, remember to also hire candidates with diverse skills and experience.

Soft skills are also important

Finance recruiters often overlook the soft skills of their candidates.  Soft skills are different from hard skills, which are directly relevant to the job.  Soft skills are the personal attributes needed to succeed in the workplace.  Soft Skills are often related to how well someone works with other people—in other words, their people skills..

Don’t ignore soft skills, seek candidates with significant soft skills that could boost your business.

Accordingly, the financial sector is not anymore only about numbers, so you should seek financial job candidates with excellent communication skills and cultural fit that can think out-of-the-box and help your company grow.

You should go mobile

Nowadays, as almost everyone uses a smartphone, about 50% of the jobs seekers are using their phones to find job positions. Therefore, finance recruiters should go mobile. Otherwise, they could lose a large number of potential candidates for their businesses.

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Economy News Tech

Top IoT Business Trends which will Drive Innovation in 2019-2020

The Internet of Things managed to create a lot of hype among people and it will continue to do so because, by 2020, it is predicted that it will generate $344 billion in additional revenues and it will be able to produce $177 billion in cost reductions as well. The factories based in the United States have already noticed notable increases in performance metrics thanks to enhanced reality solutions and IoT.

They allow your employees to cover routine management issues and increase the level of productivity by 40 to 60 percent. These impressive numbers showcase one of the latest trends in the IoT which can be singled out from what shown during the IoT Tech Expo which took place this year in Amsterdam. This exposition was able to gather under the same roof the latest advances in the blockchain, IoT and AI technologies.

Clients use these very innovations to improve their businesses. So let’s see what are the latest trends which will help your business grow through the Internet of Things. The first one says that the IoT is driven by industries and that’s what most of the cases are about. Raw technologies aren’t worth being the primary point of focus. Instead, clients should focus on real problems and solutions.

A survey took by IDC shows that 31,4 percent of companies took the path of launching IoT products, while an additional 43 percent of them are looking to do so in the next 12 months. From the ones that use it, 55% believe that IoT represents a strategy to help them face their competition in a more efficient way.

Another trend in represented by a wider adoption of consumer IoT. According to Gartner, connected things will show a huge increase in revenue, reaching 20.8 billion in 2020, as opposed to only 6.4 billion in 2016. Often, this rise is linked together with the emergence of various smart home devices, like CUJO.

The foreseeable future shows the market being formed by hardware manufacturers and their partners who look towards making their products reliable and easy to use and maintain. By launching platforms and SDKs, they want to cut down costs and time consumption required for making firmware or software products.

The third trend tells us that interoperability matters because that’s the direction in which the market is drifting towards. The owners will shape it and adjust it through carefully though of steps. The process of unification around certain protocols and standards might take a while to implement, but some of them are already promoted by companies, such as the Bluetooth Low Energy which is incorporated by MobiDev for automotive IoT.

Regarding this third trend, you should make sure that the next IoT product you make should be easily adjustable to standards that are yet to be made. This is where things get tricky, in designing a project that is flexible enough to support transformation and maintenance.

The fourth trend is about IoT’s security issues and solutions that are constantly evolving. Business Insider stated that approximately $6 trillion will be spent in the next five years by businesses and governments for IoT solutions. They would have to deal with the vulnerability of connected devices.

With multiple attacks happening in these past years, the focus should be put on preventing main security threats during the earliest stages of development. A manufacturer should dedicate a separate page concerning security standards and requirements necessary for the product inside their product documentation.

Last but not least, you will face a trend that looks to combine multiple innovations inside IoT solutions. A tech product that looks towards achieving a certain business goal must be based on a number of technologies which must be able of working together. For this they must be a perfect fit and work seamlessly.

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