Salesforce CEO Marc Benioff on Friday highlighted all the key societal changes that the Trump Administration either denies are taking place or says are still years off.
Speaking at a World Economic Forum event in San Francisco, Benioff said that artificial intelligence, climate change and advancements in biotechnology and transportation necessitate prompt changes to education and job training.
"While we are in this incredible shift, this fourth industrial revolution," Benioff said. "It will also come back to be a challenge for equality."
Mnuchin's comments were quickly panned by many in the technology world as it flies in the face of the conventional wisdom that automation and artificial intelligence could eliminate a significant number of jobs in the not-so-distrant future.
The Trump administration has issued a presidential permit to TransCanada to build Keystone XL. President Trump is expected to speak on the issue at 10:15 this morning.
What's next: The years-long fight over the pipeline that would bring crude oil from Alberta's oil sands to Gulf Coast refineries will probably enter uncharted waters soon: a court challenge from groups such as the Center for Biological Diversity and the Sierra Club over federal approval of the project.
Where else: The expected federal court fight is just one venue. Another is the Nebraska Public Service Commission, and another is the streets — look for green groups and their allies to revive the highly visible protest movement that helped to defeat Keystone under Obama.
Reports about the debate inside the White House over a carbon tax — apparently inspired by the meeting that James A. Baker III, Martin Feldstein, Gregory Mankiw and I held with Gary Cohn last month — get the terms wrong. Our plan, "The Conservative Case for Carbon Dividends," isn't a stand-alone carbon tax, but rather a revenue-neutral, carbon dividends program.
