Commentary There is no such thing as a free lunch. So goes the saying. Someone always has to pay. The question is only—who and when? This is a truism based on our experience as a society over millennia of generations. Similarly, there is no such thing as a four-day week with no diminution in income…
A 4-Day Work Week Sounds Great, But What’s the Cost?
March 18, 2023
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AustraliaBusiness & MarketsCompanieseconomic policiesfour day work weekInternationalOpinionproductivityViewpointsWorld
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Volkswagen to Invest in Mines in Bid to Become Global Battery Supplier
BERLIN—Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, the carmaker’s board member in charge of technology said. Its strategy aligns with a wider trend of carmakers seeking greater control over parts of the supply chain traditionally left to…
Canadian Governments Spent Over $352 Billion in Business Subsidies Over 13-Year Period: Study
A total of $352.1 billion in business subsidies have been paid out by all three levels of government between 2007 and 2019, translating into thousands to tens of thousands of dollars spent by Canadian taxpayers, according to a Fraser Institute study. Tegan Hill and Joel Emes, senior economists at the think tank and co-authors of…
‘Not QE’ as Fed Trapped Between a ‘Rock and a Hard Place’
March 18, 2023
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Business & MarketsBusiness ColumnistsCompanieseconomic policieseconomyFedinflationMarketsOpinionquantitative easingrecessionUSUS News
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Commentary “QE” or Quantitative Easing has been the bull’s siren song for the last decade, but will “Not QE” be the same? Last week, amid a rash of bank insolvencies, government agencies took action to stem a potential banking crisis. The Federal Deposit Insurance Corporation (FDIC), the Treasury, and the Fed issued a Bank Term…
ChatGPT Inspires Tradition-Oriented Matchmaking Service
March 18, 2023
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AIBig Tech, Censorship, and SocialismBusiness & MarketsChatGPTCompaniesFeatured TopicsKeeperMedia & Big Techonline datingSocial IssuesTechUSWorld
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ChatGPT-3’s debut in late 2022 shook up tech–and online dating was no exception. Within weeks, Tinder users were reportedly penning bios with the AI tool’s chatbot interface. And Mashable reported in February that OkCupid has used ChatGPT to generate questions for its users. Some have voiced skepticism about the prospects of AI-enabled romance. Psychologist Andrew…
Uber Challenge to California Contractor Law Revived by US Appeals Court
March 17, 2023
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Business & MarketsCaliforniaCompaniescontractorNorthern CaliforniaRegional & State NewsSouthern CaliforniaState NewsUberUSUS News
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A U.S. appeals court on Friday revived a lawsuit by Uber Technologies Inc. and subsidiary Postmates Inc. challenging a California law that would require them to provide more proof that workers are independent contractors, a classification that helps the companies save millions. In a major win for app-based services that heavily rely on contractors, the…
Ex-Theranos Exec Finds Way to Delay Start of Prison Sentence
Former Theranos executive Ramesh “Sunny” Balwani found an escape hatch Thursday from the scheduled start of his nearly 13-year prison sentence for a blood-testing hoax he engineered with his former boss and lover, Elizabeth Holmes. Just hours before Balwani was supposed to surrender to authorities, his lawyer filed documents notifying U.S. District Judge Edward Davila…
Elon Musk to Reveal Algorithms Twitter Uses to Recommend Content
Twitter owner Elon Musk announced that he will publicly share the algorithms that Twitter uses to recommend content in the coming weeks. “Twitter will open source all code used to recommend tweets on March 31st,” Musk said in a March 17 tweet. Social media algorithms can connect users with people they may know, groups, artists,…
President Biden Urges Congress to Toughen Penalties for Executives of Failed Banks
President Joe Biden recommended that executives of failed banks should be banned from working in the banking sector again. The White House released a plan to hold senior management more accountable when their financial institutions collapse and enter Federal Deposit Insurance Corporation (FDIC) receivership. In addition, the administration urged Congress to make it easier for…
Biden Urges Congress to Toughen Penalties for Executives of Failed Banks
President Joe Biden recommended that executives of failed banks should be banned from working in the banking sector again. The White House released a plan to hold senior management more accountable when their financial institutions collapse and enter Federal Deposit Insurance Corporation (FDIC) receivership. In addition, the administration urged Congress to make it easier for…
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