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Saturday, September 14, 2019 Vol. 14 No. 339
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I.R. 4.0 AND THE WORLD OF WORK: IT’S COMPLICATED
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By Estrella Torres
S companies gain from digital technologies, the world of work grapples with the challenge of fitting young people with the right skill sets and overall makeup suited to emerging jobs under the Industrial Revolution (IR) 4.0; and upskilling the employed so machines will not replace them. challenges, raised optimism on the benefits of IR 4.0 in spurring innovation in the workplace, leading to economic growth. Still, the lingering digital divide aggravates the situations of young people who are already missing the benefits from the second wave of globalization due to poverty. VITALII SHCHERBYNA | DREAMSTIME.COM
A key component of IR 4.0, or what’s sometimes referred to as “FIR” (Fourth Industrial Revolution), is the Internet of Things that is characterized by connected devices to help internal operations. The use of cloud environment allows companies to store data while equipment and operations can be optimized by leveraging the insights of others, using the same equipment or to allow smaller enterprises access to technology. Education and industry experts recently gathered at the 8th International Skills Forum at the Asian Development Bank (ADB) in Manila, and, while confronting the
Beyond literacy, numeracy
BAMBANG SUSANTONO, vice president for knowledge management and sustainable development of ADB, said governments need to take giant steps to help young people fulfill their potential. Continued on A2
Will Brexit trigger England’s second civil war?
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By Alan Crawford | Bloomberg News
T the outbreak of the English Civil War in 1642, Warwick Castle was attacked by soldiers loyal to the king who tried without success to unseat the Parliamentarian forces that held it. While a minor skirmish, the outcome would foreshadow the broader struggle for the country.
Today, the town of Warwick is under siege of another kind, one that may similarly decide where the divided nation is headed after an escalation in the political drama over Brexit. The UK is witnessing an historic period of upheaval that has invited comparisons with events almost 400 years ago. Parliament has been sus-
pended—illegally, a court in Scotland ruled on Wednesday. The prime minister is threatening to flout the law to get his way while lawmakers on all sides are in open revolt and Ireland’s future, north and south, is at stake. Even the Queen has become embroiled in the standoff. And violence is brewing, with scuffles outside Parliament last week.
PESO EXCHANGE RATES n US 52.0010
Anybody’s guess
LAWMAKERS this week channeled an event from the run up to the civil war in the House of Commons to protest the so-called prorogation of the legislature. Brexit Party leader Nigel Farage, one of the main architects of the vote to leave the European Union, has described the present constitutional crisis as the worst since that tumultuous period. A tour last week through some English counties scarred by the conflict suggests he may be right. With positions hardening and no obvious release for rising tensions, it’s anybody’s guess where the Brexit dilemma ends. Voters in Warwick opposed leaving the EU, seeing a departure as a threat to a key employer—the automotive industry—and to the university town’s international outlook. But as a pro-EU bastion amid a sea of Brexit territory, Warwick is at odds with neighboring Continued on A2
n JAPAN 0.4811 n UK 64.1484 n HK 6.6464 n CHINA 7.3077 n SINGAPORE 37.8217 n AUSTRALIA 35.7039 n EU 57.5391 n SAUDI ARABIA 13.8621
Source: BSP (September 13, 2019 )