Wall Street Banks Accused of Trying to Sabotage Key Consumer Protection Rule
The Consumer Financial Protection Bureau wants banks to send data of ex-customers to a new bank. Banks are howling. They may have a point.
Read more...Category Archives: Technology and innovation
The US Is Killing the Most Valuable Tech Firm in Europe
Washington announces billion dollar research center for advanced chip making as trade restrictions demanded by US, and the EU energy war against Russia are hammering ASML.
Read more...Can We Avoid a Franken-Future with AI?
In his new book, Mindless, historian Robert Skidelsky urges readers to reflect on the delicate balance between AI and our human essence.
Read more...Wolf Richter: Boeing Launches $22 Billion Share Offering to Get Breathing Room, Dodge Junk Credit Rating, after Having Wasted $64 Billion on Share Buybacks
With the equity raise as outlined today, the company will have some limited financial breathing room, and will likely avert a near-term down grade to junk, so one day at a time.
Read more...Why Does the EU Want to Become More Like the US?
Bloc elite aim to double down on anti-labor, pro-market policies under the guise of competitiveness and productivity in order to compete with China.
Read more...Interview: Are We Misinformed About Misinformation?
The influence of iffy and inflammatory online content so often depicted as misinformation is overblown, says researcher David Rothschild.
Read more...My Life So Far in Type (Partly, at Least)
Reminiscence of the transition from analog to digital in the publishing world.
Read more...Big Digital Tech Moves Into Synthetic Biology: The Generative AI Rush / Black Box Biotech P1/2
A new report, Black Box Biotech, warns of the biodiversity and error risk of AI engineered proteins, aka synthetic or “generative biology”.
Read more...The Pentagon Goes to School
The battle for the soul of American science.
Read more...Progressives Sound Alarm as Harris Courts Crypto Industry
“Crypto is a haven for businesspeople with nefarious or criminal intent.”
Read more...The Challenge of Preserving Good Data in the Age of AI
If AI-created content floods the internet, who decides what online information is worth archiving?
Read more...Elon Musk and Tesla Shape America’s Future. But Problems Run Deeper Than Tweets.
The financialization of U.S. firms making key products endangers American global leadership and, in Tesla’s case, climate change progress.
Read more...The EU Retreats Further into a World of Self-Delusion
Mario Draghi calls for Europe, decimated by self-inflicted energy crisis and social austerity, to go on borrowing spree to pay for endless fight against Russia.
Read more...Why Must Humans Compete for Electric Power with AI Bullshit Generators Programmed by Ritual Incantations?
A takedown of AI so-called “prompt engineering.”
Read more...Bloodletting in Semiconductor Stocks Kicks Off September: Nvidia -11.7% Regular & Late Trading, Stock Market Cap Drops by Half a Tesla
The Nasdaq Composite dropped 3.3% yesterday. If the tech stock index declines another 6.7%, it’ll be back to November 2021.
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