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Bill Fulkerson

Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

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    " Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o
Steve Bosserman

Snapchat update: Election Day-themed filters urge millennials to get out and vote - 0 views

  • It's a logical move for Snapchat to encourage its users to vote. The app reaches 41% of all 18- to 34-year-olds in the U.S. daily, a Nielsen study reported, according to the Wall Street Journal. Another survey conducted for Variety by Defy Media revealed that 30% of Snapchat users used the app to get news for the 2016 presidential campaign.  Millennials — people between the ages of 18 through 35 — make up approximately 31% of the overall electorate, NPR reported. It is also the group that has had the lowest voter turnout out of any other age group — just 46% voted in the 2012 presidential election. 
Steve Bosserman

Which Industries Are Investing in Artificial Intelligence? - 0 views

  • The term artificial intelligence typically refers to automation of tasks by software that previously required human levels of intelligence to perform. While machine learning is sometimes used interchangeably with AI, machine learning is just one sub-category of artificial intelligence whereby a device learns from its access to a stream of data.When we talk about AI spending, we’re typically talking about investment that companies are making in building AI capabilities. While this may change in the future, McKinsey estimates that the vast majority of spending is done internally or as an investment, and very little of it is done purchasing artificial intelligence applications from other businesses.
  • 62% of AI spending in 2016 was for machine learning, twice as much as the second largest category computer vision. It’s worth noting that these categories are all types of “narrow” (or “weak”) forms of AI that use data to learn about and accomplish a specific narrowly defined task. Excluded from this report is “general” (or “strong”) artificial intelligence which is more akin to trying to create a thinking human brain.
  • The McKinsey survey mostly fits well as evidence supporting Cross’s framework that large profitable industries are the most fertile grounds of AI adoption. Not surprisingly, Technology is the industry with highest AI adoption and financial services also makes the top three as Cross would predict.Notably, automotive and assembly is the industry with the second highest rate of AI adoption in the McKinsey survey. This may be somewhat surprising as automotive isn’t necessarily an industry with the reputation for high margins. However, the use cases of AI for developing self-driving cars and cost savings using machine learning to improve manufacturing and procurement efficiencies are two potential drivers of this industry’s adoption.
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  • AI jobs are much more likely to be unfilled after 60 days compared to the typical job on Indeed, which is only unfilled a quarter of the time. As the demand for AI talent continues to grow faster than the supply, there is no indication this hiring cycle will become quicker anytime soon.
  • One thing we know for certain is that it is very expensive to attract AI talent, given that starting salaries for entry-level talent exceed $300,000. A good bet is that the companies that invest in AI are the ones with healthy enough profit margins that they can afford it.
Bill Fulkerson

Gambling research: The 'fun' can stop with unemployment, ill-health and even death - 0 views

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    High levels of gambling are associated with a 37% increase in mortality, according to a new study, which reveals that the top 1% of gamblers surveyed spent 58% of their income and one in ten are spending 8% on the habit. Published today [4 Feb] in Nature Human Behavior, the study led by Dr. Naomi Muggleton, of Oxford's Department of Social Policy and Intervention, highlights the financial damage, negative lifestyles and health of gamblers, who can move from 'social' to high-level gambling in months.
Bill Fulkerson

Responsible Investment needs a bigger toolbox - Preventable Surprises - 0 views

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    A survey of ESG influencers shows the elusive side of investor responsibility. What to do? When the Covid-19 crisis exploded in winter 2020, we spelled out four different scenarios for ESG in times of pandemic.
Bill Fulkerson

Opinion | A Coronavirus Vaccine Is Coming. Just Don't Call It 'Warp Speed.' - The New Y... - 0 views

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    But the concept of developing a vaccine at "warp speed" makes many people uncomfortable. In a May survey, 49 percent of the Americans polled said they plan to get a coronavirus vaccine when one is available, 20 percent do not, and 31 percent indicated that they were not sure. The World Health Organization considers "vaccine hesitancy" a major threat to global health, and poor uptake would jeopardize the impact of a coronavirus vaccine.
Bill Fulkerson

Questionnaire data analysis using information geometry | Scientific Reports - 0 views

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    The analysis of questionnaires often involves representing the high-dimensional responses in a low-dimensional space (e.g., PCA, MCA, or t-SNE). However questionnaire data often contains categorical variables and common statistical model assumptions rarely hold. Here we present a non-parametric approach based on Fisher Information which obtains a low-dimensional embedding of a statistical manifold (SM). The SM has deep connections with parametric statistical models and the theory of phase transitions in statistical physics. Firstly we simulate questionnaire responses based on a non-linear SM and validate our method compared to other methods. Secondly we apply our method to two empirical datasets containing largely categorical variables: an anthropological survey of rice farmers in Bali and a cohort study on health inequality in Amsterdam. Compare to previous analysis and known anthropological knowledge we conclude that our method best discriminates between different behaviours, paving the way to dimension reduction as effective as for continuous data.
Bill Fulkerson

By Losing Genes, Life Often Evolved More Complexity | Quanta Magazine - 0 views

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    Recent major surveys show that reductions in genomic complexity - including the loss of key genes - have successfully shaped the evolution of life throughout history.
Steve Bosserman

Want to Kill Your Economy? Have MBA Programs Churn out Takers Not Makers. - Evonomics - 0 views

  • Why has business education failed business? Why has it fallen so much in love with finance and the ideas it espouses? It’s a problem with deep roots, which have been spreading for decades. It encompasses issues like the rise of neoliberal economic views as a challenge to the postwar threat of socialism. It’s about an academic inferiority complex that propelled business educators to try to emulate hard sciences like physics rather than take lessons from biology or the humanities. It dovetails with the growth of computing power that enabled complex financial modeling. The bottom line, though, is that far from empowering business, MBA education has fostered the sort of short-term, balance-sheet-oriented thinking that is threatening the economic competitiveness of the country as a whole. If you wonder why most businesses still think of shareholders as their main priority or treat skilled labor as a cost rather than an asset—or why 80 percent of CEOs surveyed in one study said they’d pass up making an investment that would fuel a decade’s worth of innovation if it meant they’d miss a quarter of earnings results— it’s because that’s exactly what they are being educated to do.
Steve Bosserman

Sainsbury's launches £1.50 edible insect range in UK supermarket first - 0 views

  • "We're on a mission to show the West that as well as having very strong sustainability and environmental credentials, they are also seriously tasty and shouldn't be overlooked as a great snack or recipe ingredient."Sainsbury's and EatGrub say insects are more popular than might be expected, with a survey finding that 10% of Britons have tried them and more than half of those have enjoyed them.
  • Eat Grub says dried crickets contain more protein per gram than beef, chicken or pork - with 68g of protein per 100g, compared to 31g of protein in beef.Edible insects are also said to be more sustainable than other meat, taking up less land and requiring less animal feed than livestock.
  • Food policy manager at WWF Duncan Williamson said edible insects could help reduce shoppers' carbon footprint.He said: "As the population increases, we urgently need to look at alternative protein sources to make the most of land available for food production."
Steve Bosserman

OECD iLibrary | Automation, skills use and training - 1 views

  • The risk of automation is estimated for the 32 OECD countries that have participated in the Survey of Adult Skills (PIAAC) so far. Beyond the share of jobs likely to be significantly disrupted by automation of production and services, the accent is put on characteristics of these jobs and the characteristics of the workers who hold them. The risk is also assessed against the use of ICT at work and the role of training in helping workers transit to new career opportunities.
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