Archive for the 'Economy' Category
Robert Maxwell Goes to Texas: The Story of Bluebonnet
April 4th, 2023Via: Unlimited Hangout: Understanding Bluebonnet requires unpacking a tangled and diffuse web of fraudsters, intelligence assets, bankers and real estate developers who together rampaged across Texas and surrounding states during the mid-1980s, bilking and crashing a near-limitless number of thrifts and related lending institutions in a then-unprecedented spree of brazen financial crime. Much of this […]
Boston Dynamics: Stretch
March 30th, 2023Via: Boston Dynamics:
EU Planning to Invest Frozen Russian Assets, Give Returns to Ukraine
March 30th, 2023$300 billion. Via: The Libertarian Institute: The European Union is developing proposals on what to do with assets seized from the Russian central bank by member states. According to European officials, the bloc may invest the money and hand the returns to Ukraine. Anders Ahnlid, a Swedish diplomat who leads the commission exploring what to […]
RESTRICT Act Is Orwellian Censorship Grab Disguised As Anti-TikTok Legislation
March 30th, 2023Via: ZeroHedge: The RESTRICT Act, introduced by Sens. Mark Warner (D-VA) and Tom Thune (R-SD), is aimed at blocking or disrupting transactions and financial holdings linked to foreign adversaries that pose a risk to national security, however the language of the bill could be used to give the US government enormous power to punish free […]
$335,000 Pay for ‘AI Whisperer’ Jobs
March 29th, 2023This sounds like something that would pay about a dollar per hour on Mechanical Turk. Via: Bloomberg: Everybody is talking about the artificial intelligence behind ChatGPT. Less noticed is a jobs market mushrooming around the technology, where these newly created roles can pay upwards of $335,000 a year. And for many a computer engineering degree […]
Ed Dowd on Covid Vax: $147 Billion In Economic Damage, Tens Of Millions Injured Or Disabled
March 28th, 2023Via: ZeroHedge: A new report estimates that 26.6 million people were injured, 1.36 million disabled, and 300,000 excess deaths can be attributed to COVID-19 vaccine damages in 2022 alone, which cost the economy nearly $150 billion.
Sparks of Artificial General Intelligence: Early Experiments with GPT-4, “Exhibits Emergent Behaviors and Capabilities Whose Sources and Mechanisms Are, at This Moment, Hard to Discern Precisely”
March 26th, 2023They don’t know how it works. Via: arXiv – Microsoft Research: Artificial intelligence (AI) researchers have been developing and refining large language models (LLMs) that exhibit remarkable capabilities across a variety of domains and tasks, challenging our understanding of learning and cognition. The latest model developed by OpenAI, GPT-4 [Ope23], was trained using an unprecedented […]
Up to 80 Percent of Workers Could See Jobs Impacted by AI
March 26th, 2023Paper: GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models: Our findings indicate that approximately 80% of the U.S. workforce could have at least 10% of their work tasks affected by the introduction of GPTs, while around 19% of workers may see at least 50% of their tasks […]
Britain: Food Inflation Hit Highest Rate Since 1977, Increased 18.2% in the Year to Februaury 2023
March 24th, 2023Via: Grocery Gazette: Food inflation hit its highest rate since 1977 last month, having risen to 18.2% in the year to Februaury 2023. The Office for National Statistics (ONS) saw this jump from 16.8% in January, with the increase driven by price movements such as the rise in cost of vegetables last month.
Banks Are Still Drawing on the Fed for $164 Billion of Emergency Cash
March 24th, 2023Via: Bloomberg: Banks reduced their borrowings only slightly from two Federal Reserve backstop facilities in the most recent week, a sign that institutions are taking advantage of the central bank’s liquidity in the wake of turmoil.
