Author: Daniel snow
Dollar edges higher ahead of key inflation release; euro slips Source link
Asia FX, dollar subdued ahead US CPI; Japan inflation, PMI in focus Source link
Dangerous close calls are rising, but the U.S. and China still lack the communication channels needed to stop a crisis from becoming a war. Source link
What happens when the state doesn’t curb predatory private powers? Source link
Yes, Trump is assaulting democracy, but what worries me more is what has happened to the rest of us — the loss of the convictions and norms that undergird democracy. Source link
For the first time in his second term, President Trump is imposing new sanctions, but they may not shift the course of Russia’s war in Ukraine. Source link
Yeah, OpenAI, for example, is worth hundreds of billions of dollars, but it’s pretty hard to buy a share in it. It’s not publicly traded. That’s just the valuation you get when they get new investors from venture and elsewhere. One sense that’s enormous — I mean, Goldman Sachs has been built up over a century, and OpenAI, which was built up over the last decade, is more valuable than Goldman Sachs. On the other hand, 10 percent of the world is using OpenAI, is using ChatGPT. And that’s just amazing. Five years ago, basically zero percent of the world…
So what will the Trump administration do in the event that the stock market starts going down. Well, the first thing that will happen is everything that they criticized previous administrations for doing, both Fed and Treasury, you’ll see them doing them because in a crisis, you do all sorts of things that you’d rather not do in terms of buying assets or lending to certain parts of the economy. Second, though, I worry about the government is directly inserting itself into the sector in advance. They’re buying equity stakes in these companies, or getting things that are almost like…
Why has the genius of these Black innovators been consigned to academic conferences? Source link
Readers respond to the demolition of the East Wing of the White House. Also: Fending off tyranny; when Black women are fired. Source link