WELCOME TO LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ -JANUARY 9, 2024

Will Robots Take Most Of Our Jobs?

What Is Going To Happen To Our Society As AI And Robots Take Most Of Our Jobs? -The Economic Collapse

If you haven’t lost your job yet, you should be very thankful. Artificial intelligence and robots are taking more of our jobs with each passing day, and there will be no end to this high tech invasion. Eventually we could get to a point where AI and robots can do virtually everything far more efficiently and far more inexpensively than humans can. So what will happen to the vast majority of the human population when their labor is no longer needed? Will a way be found to quietly deal with “useless eaters” that are considered to be “just taking up space”? For years we have been warned that AI and robots would revolutionize the workforce, and now that day has officially arrived.

For example, Amazon has been using various types of simple robots to perform certain tasks for years, and now highly sophisticated humanoid robots are being deployed right alongside normal human workers…

Amazon recently began testing a new robot in its warehouse operations — meet Digit, a humanoid bipedal robot with a turquoise torso and smiley eyes.

Designed by Agility Robotics, which Amazon has invested in as part of its Industrial Innovation Fund, Digit is only the latest of a string of warehouse robots the company has introduced over the last several years. However, most of the other warehouse robots have been cart-shaped or robotic arms, not humanoid like Digit.

Digit costs about $10 to $12 an hour to operate right now, based on its price and lifespan, but the company predicts that cost to drop to $2 to $3 an hour plus overhead software costs as production ramps up, Agility Robotics CEO Damion Shelton told Bloomberg. 

A Massive US Bank is Now Closing Credit Cards -Frank Nez

A massive US bank is now closing credit cards without warning according to new customer reports on
social forums.

A Reddit user says Bank of America closed a total of four of their credit cards with many other (now ex)
customers confirming the same experience.

They explained that they had missed one payment six years earlier and had an “almost perfect” FICO score.

“I checked TransUnion and the bank in question had checked my credit report one day then promptly on the same
day sent a mail with no details on why my credit cards I had for 10+ years…was closed,” they wrote.

The customer service representative didn’t give them any details on why the accounts were closed, but the
poster did say another institution they have a credit card with ran their credit report the day before BOA
made the decision to close the card.

At this point, one has to assume that Congress really believes that money grows on trees. The first line of
this article should give everyone pause, interest payments on the debt alone will eat up HALF of what the
government takes in on tax revenues. So what will they use to actually run the country?

By Wolf Richter

Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal
with Congress.

The total US national debt spiked by $1.0 trillion in 15 weeks since September 15, to $34.0 trillion,
according to the Treasury Department’s figures this afternoon. In the seven months since the debt ceiling was
lifted, the national debt spiked by $2.5 trillion.

These are huge gigantic numbers that are piling up as a result of the incredible hard-to-fathom daredevil
reckless shake-your-head deficit spending by Congress. Congratulations, America! We made it, $34 trillion!

Since the beginning of 2016, the total debt has spiked by $15 trillion, or by 80%! This stuff is just
breathtaking.

Massive Cybersecurity Breach at Xfinity: Over 35 Million Customers at Risk -Franklin County Free Press

Another data breach of another major corporation who should be unhackable. Now, imagine the government
creating a digital currency and not only promising to safely store all of your financial data but also being
solely responsible for making sure your digital dollars aren’t stolen by hackers? This is what they want to
do. Do you trust them to do it well?

In a significant cybersecurity incident, Comcast’s Xfinity service experienced a data breach impacting over
35 million customers, marking a concerning trend in digital security vulnerabilities. This breach, which
exposed sensitive customer information, underscores the increasing challenges in protecting personal data in
the digital age.

In mid-October, Xfinity alerted its customers to unauthorized access to its internal systems. This intrusion,
linked to a vulnerability previously disclosed by software provider Citrix, occurred between October 16th and
19th. It wasn’t until October 25th that Xfinity detected suspicious activities, eventually realizing that
customer data was likely compromised.

The breach’s scale is staggering, with filings indicating nearly 35.9 million customers affected. The
compromised information included usernames, hashed passwords, and for some, more sensitive data such as the
last four digits of Social Security numbers, account security questions, birthdates, and contact information.

Steven Weisman, an expert on cybersecurity and editor of Scamicide.com, highlights the severity of the
situation. The breach’s nature, where hackers accessed partial Social Security numbers, significantly
increases the risk of identity theft. Weisman notes that the first five digits of a Social Security number
can often be inferred from geographical and issuance data, making the last four digits particularly
sensitive.