Ever wonder why our paychecks typically come twice a month or bi-weekly, in some cases weekly? In the 19th century it was common for workers to be paid monthly, at the end of a season – or in the case of seamen, at the end of a voyage when profits were divided. Labor historian Nelson Lichtenstein traces the modern pay cycle to World War II, when the U.S. Congress passed the Revenue Act of 1942 to increase revenue to fund the war effort and introduce the country’s first tax withholding system. Given the complexities of calculating pay rates, tax, healthcare and other deductions, as well as managing a company’s human…
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Will Congress Finally Do Its Job?
The executive and judicial branches have filled the legislature’s crypto void – but this could end in 2024
Congress seems drugged and inert most of the time. Even when the problems it ignores build up to crises and erupt in strikes, riots, and demonstrations, it has not moved. Its idea of meeting a problem is to hold hearings or, in extreme cases, to appoint a commission. – Representative Shirley Chisholm, writing in her book Unbought and Unbossed The U.S. Constitution vests in Congress the power to create laws and in the executive branch the responsibility of implementing and enforcing those laws, while the judicial branch interprets laws and assures they do not violate the Constitution. This vaunted system of checks and balances is designed to ensure a…
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Decentralized exchange 1inch launches governance token
The DEX claims that it takes ‘governance in the DeFi space to a new level’
The launch by 1inch's independent board is a major step forward in the decentralized finance (DeFi) organization’s progress towards becoming a full-fledged DAO, or—as the announcement puts it—take “governance in the DeFi space to a new level.”
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SingularityNET founder Ben Goertzel is known for robotics, AI, DeFi, and his floppy-brimmed hats (Photo: SingularityNet)Ben Goertzel is putting artificial intelligence into decentralized finance
SingularityNET’s founder discusses his new DAO, sci-fi level AI coming to crypto finance, his frustration with Ethereum, and embrace of Cardano
Decentralized AI marketplace SingularityNET has announced a new DeFi project called SingularityDAO. Modern Consensus caught up with founder and CEO Ben Goertzel via Google Hangouts to learn more about this new project, his company’s recently announced Cardano partnership, and when he thinks we’ll have superintelligent artificial intelligence.
