Trump’s Impact on the Financial Sector and Global Dollar System
A wide-ranging review of how unccordinated Trump policies undermine the dollar and the international banking system, and even each other.
Read more...Category Archives: Technology and innovation
Trump’s Intel Move Looks Like Performance, Not Policy
Yves here. It is remarkable how Trump seems to need to have his name in the hot lights, um, the headlines, all the time and is able to do so. Admittedly, liking bold gestures for their own sake, as opposed to whether they make any sense, helps by giving way more degrees of freedom. As […]
Read more...Jim Chanos on Crypto, AI, Dodgy Statistics, and Casino Capitalism
Chanos looks at a broad range of investment hot topics, from cypto to AI, and sees vastly more speculation than value creation
Read more...Trump’s Intel Deal: Knowing the Price of Everything, and the Value of Nothing
Why the Intel deal is a so far small negative for the chip-maker, but still gets Team Trump tar-babied to the low likelihood of a turnaround.
Read more...Data Centers Consume Massive Amounts of Water – Companies Rarely Tell the Public Exactly How Much
Data centers, with AI driving insatiable needs, not only hoover up tons of power but water as well. And water is already a contested resource
Read more...How Much Energy Does ChatGPT’s Newest Model Consume?
ChatGPT’s environmental destructiveness is increasing by leaps and bounds.
Read more...Peak Neoliberalism: Wall Street Journal Pearl-Clutches Over Lack of Mobility Due to High Housing Costs, Insufficient Pay
The Journal laments how mobility has fallien while averting its eyes from how neoliberalsm and rentierism are the drivers.
Read more...Plunge in Conscientiousness Among Young, a Critical Quality for Personal and Societal Success
Technology is precipitating shifts in character, particularly a drop in conscientiousness, to our individual and collective disadvantage.
Read more...Coffee Break: Biotech vs. Science, NIH Under New Management, More on Malaria, Dreams of De-Extinction, and an Aside on the State of America
Part the First: Is This How to Do Science? San Diego, with the University of California-San Diego and the Scripps Research Institute leading the way, has been a Biotech/Little Pharma hotspot since the beginning, a strong third behind Boston and the Bay Area. Ups and downs are common, but in the current climate it is […]
Read more...‘Disaster in the Making’: Trump to Open 401(k)s to Crypto, Private Equity Vultures
“Stuffing private equity, crypto…. into 401(k)s is about propping up scams and bailing out an industry that’s run out of buyers”
Read more...How States Are Placing Restrictions on AI in the Absence of Strong Federal Regulation
Yves here. On the one hand, it is gratifying to see that some curbs are being put on AI, even if in a piecemeal fashion by states. Restrictions on AI use in medicine, for instance, will tend to have broader impact since most providers are national and will find it too costly to run a […]
Read more...Economists Wake Up to West’s Trade and Technology Dependence on China
Useful data on and discussion of China’s dominance of inputs and technologies essential to the West.
Read more...Wall Street Journal Describes How AI Will Eat McKinsey’s Lunch
What a large series of scandals could not do to McKinsey might finally be accomplished by AI: cut the firm down to size.
Read more...Unexpected China Factory Contraction Confirms Deflationary Headwinds, Overcapacity
China’s leaders admit to widespread overcapacity, such as in EVs and solar panels. Faillure to solve it could generate Japan-style deflation
Read more...Consumers Are Footing the Bill for AI’s Insatiable Appetite for Energy
The energy cost of AI is probaby vastly higher than you realized, and will be showing up soon in your power bills.
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