Archive for the 'Economy' Category
WHO Declares End to Covid-19 Global Public Health Emergency
May 5th, 2023Mmm hmm. Via: CNBC: The spread of Covid-19 is no longer a global public health emergency, the World Health Organization declared Friday. “For more than a year, the pandemic has been on a downward trend with population immunity increasing from vaccination and infection, mortality decreasing, and the pressure on health systems easing,” WHO Director-General Tedros […]
Two Mile Long Favela North of San Francisco
May 5th, 2023Via: Daily Mail: Hundreds of locals in one of San Francisco’s wealthiest counties have been forced to pack up their lives into RVs and trailers after being pushed out of the housing market. Shocking photos show the ever-growing line of trucks and other vehicles along 101 Highway – which now stretches over two miles in […]
Supposedly Leaked Internal Google Document Claims Open Source AI Will Outcompete Google and OpenAI
May 5th, 2023There will be closed and open source alternatives that will allow users to customize the models’ worldviews. —WokeGPT That didn’t take long. I thought it would take at least several months for them to attain something GPT3.5-like. Nope. —OpenAssistant Released I don’t know if this is real or not, but it makes for interesting reading. […]
PacWest Bancorp Shares Crash
May 4th, 2023Via: AFP: Shares of PacWest Bancorp were in free fall Thursday after the bank’s attempt to reassure investors fell flat amid another pummeling of US regional bank stocks. Near 1600 GMT, shares of PacWest were down more than 50 percent. Other leading banks were also on the back foot, including Western Alliance (-43 percent), Zions […]
Federal Reserve Pushes Interest Rates Above 5%, First Time Since 2007
May 3rd, 2023Via: Yahoo Finance: The Federal Reserve raised the target range for its benchmark interest rate by 0.25% on Wednesday while left its options open on future rate hikes.
Bank Failures Visualized
May 3rd, 2023Via: Mike Bostock: Related: The Banking Collapse Of 2023 Is Now Officially Bigger Than The Banking Collapse Of 2008
Nordstrom Shutting Down Stores in Crime-Ridden San Francisco
May 3rd, 2023Changed dynamics… Via: Daily Mail: Nordstrom announced it as closing all of its San Francisco stores, blaming the ‘changed dynamics’ of the city which has seen numerous major chains turn-tail in the face soaring crime. The retailer told employees it would not be renewing its leases at the Westfield Mall or at the Nordstrom Rack […]
IBM Outsourcing Thousands of Jobs to AI
May 2nd, 2023Via: Bloomberg: International Business Machines Corp. Chief Executive Officer Arvind Krishna said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years. Hiring in back-office functions — such as human resources — will be suspended or slowed, Krishna said in an interview. These non-customer-facing roles […]
‘Godfather of AI’ Quits Google, Talks About Dangers of the Technology
May 2nd, 2023Via: The Verge: Geoffrey Hinton, who alongside two other so-called “Godfathers of AI” won the 2018 Turing Award for their foundational work that led to the current boom in artificial intelligence, now says a part of him regrets his life’s work. Hinton recently quit his job at Google in order to speak freely about the […]
Attorney General of Texas Opens Investigation into Gain-of-Function Research and Misrepresentations by Covid-19 Vaccine Manufacturers
May 1st, 2023At the link, they filed this under Consumer Protection/Scams. Maybe they need an Atrocities category. Via: Attorney General of Texas: Attorney General Paxton launched an investigation into the pharmaceutical companies Pfizer, Moderna, and Johnson & Johnson concerning whether they engaged in gain-of-function research and misled the public about doing so. Paxton is also investigating whether […]
