Fiscal crisis nears as McCarthy takes debt ceiling plan to Wall Street - The Washington... - 0 views
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“It will be financial chaos,” predicted Mark Zandi, the chief economist at Moody’s Analytics, when asked about a potential brush with default. “Our fiscal problems will be meaningfully worse. … Our geopolitical standing in the world will be undermined.”
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Womack and other Republicans acknowledged that the “real question” is if their own party can shore up the 218 votes needed in the House to pass a bill. With tensions simmering among the GOP’s far-right and moderate ranks — and only four votes to spare in a narrow majority — Republicans said they need to show progress if they hope to put new pressure on Democrats.
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More than a decade later, some Republicans in Washington acknowledged that it may well take a more severe economic disruption just to force a resolution to the country’s fiscal standoff.“You can’t rule that out,” said Douglas Holtz-Eakin, president of the American Action Forum, a conservative advocacy group, as he echoed the need for drastic action to reduce the federal debt. “Both sides are dug in. They’ve shown no signs of moving. Something has to change the landscape to incentivize the White House and Congress to move.”
India Is Passing China in Population. Can Its Economy Ever Do the Same? - The New York ... - 0 views
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The two nations share several historical parallels. The last time they traded places in population, in the 18th century or earlier, the Mughals ruled India and the Qing dynasty was expanding the borders of China; between them they were perhaps the richest empires that had ever existed
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But as European powers went on to colonize most of the planet and then industrialized at home, the people of India and China became among the world’s poorest.
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As recently as 1990, the two countries were still on essentially the same footing, with a roughly equal economic output per capita. Since then, China has shaken the world by creating more wealth than any other country in history. While India, too, has picked itself back up in the three decades since it liberalized its economy, it remains well behind in many of the most basic scales.
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Opinion | It's 2086. This Is What American History Could Look Like. - The New York Times - 0 views
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If it seems far-fetched that a notorious insurgent could be given such a place of honor, the past begs to differ. When the Confederate president, Jefferson Davis, was imprisoned after the Civil War (rumored to be dressed at the time of his arrest in his own outlandish costume), he was more reviled and mocked than any Capitol rioter, and his crimes far more serious. His statue joined George Washington’s in the Capitol 65 years later.
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As curators at the Smithsonian’s National Museum of American History, we are regularly confronted by hard physical evidence of just how slippery the past can be.
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It is chilling, but not impossible, to envision the signs screaming “Stop the steal!” picked up on the garbage-strewn National Mall on Jan. 7, 2021, treated one day as patriotic treasures, displayed alongside the writing desk Thomas Jefferson used to draft the Declaration of Independence or the inkwell Abraham Lincoln dipped into to compose the Emancipation Proclamation.
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How a Polyamorous Mom Had 'a Big Sexual Adventure' and Found Herself - The New York Times - 0 views
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“More,” which Doubleday will release on Jan. 16, is landing at a moment when polyamory is drifting from the margins to the mainstream. About a third of Americans surveyed in a YouGov poll in February of 2023 said they preferred some form of non-monogamy in relationships.
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Recent titles include memoirs like the journalist Rachel Krantz’s 2022 book “Open: An Uncensored Memoir of Love, Liberation, and Non-Monogamy,” and self-help and inspirational books like “The Anxious Person’s Guide to Non-Monogamy,” “The Polyamory Paradox” and “A Polyamory Devotional,” which has 365 daily reflections for the polyamorous.
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Winter concedes that polyamory could be exhausting — particularly when she had to balance it with marriage, child care and working as an 8th grade English teacher.“I did not sleep very much,”
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A Terribly Serious Adventure, by Nikhil Krishnan review - The Washington Post - 0 views
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he traces the affiliations, rivalries and intellectual spats among the eminences of mid-20th-century philosophy at Oxford: Gilbert Ryle, A.J. Ayer, J.L. Austin, R.M. Hare, Elizabeth Anscombe, Peter Strawson
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All these thinkers focused their considerable intellectual powers on doing something similar to what I’ve done above: analyzing the words people use to probe the character and limits of how we perceive and understand the world. Such “linguistic philosophy” aimed, in Krishnan’s formulation, “to scrape away at sentences until the content of the thoughts underlying them was revealed, their form unobstructed by the distorting structures of language and idiom.”
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‘What’s the good of having one philosophical discussion,’ he told her once. ‘It’s like having one piano lesson.’”
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Neal Stephenson's Most Stunning Prediction - The Atlantic - 0 views
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Think about any concept that we might want to teach somebody—for instance, the Pythagorean theorem. There must be thousands of old and new explanations of the Pythagorean theorem online. The real thing we need is to understand each child’s learning style so we can immediately connect them to the one out of those thousands that is the best fit for how they learn. That to me sounds like an AI kind of project, but it’s a different kind of AI application from DALL-E or large language models.
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Right now a lot of generative AI is free, but the technology is also very expensive to run. How do you think access to generative AI might play out?
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Stephenson: There was a bit of early internet utopianism in the book, which was written during that era in the mid-’90s when the internet was coming online. There was a tendency to assume that when all the world’s knowledge comes online, everyone will flock to it
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More Wall Street Firms Are Flip-Flopping on Climate. Here's Why. - The New York Times - 0 views
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In recent days, giants of the financial world including JPMorgan, State Street and Pimco all pulled out of a group called Climate Action 100+, an international coalition of money managers that was pushing big companies to address climate issues.
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Wall Street’s retreat from earlier environmental pledges has been on a slow, steady glide path for months, particularly as Republicans began withering political attacks, saying the investment firms were engaging in “woke capitalism.”
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But in the past few weeks, things accelerated significantly. BlackRock, the world’s largest asset manager, scaled back its involvement in the group. Bank of America reneged on a commitment to stop financing new coal mines, coal-burning power plants and Arctic drilling projects
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In Big Election Year, A.I.'s Architects Move Against Its Misuse - The New York Times - 0 views
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Last month, OpenAI, the maker of the ChatGPT chatbot, said it was working to prevent abuse of its tools in elections, partly by forbidding their use to create chatbots that pretend to be real people or institutions. In recent weeks, Google also said it would limit its A.I. chatbot, Bard, from responding to certain election-related prompts “out of an abundance of caution.” And Meta, which owns Facebook and Instagram, promised to better label A.I.-generated content on its platforms so voters could more easily discern what material was real and what was fake.
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Anthrophic also said separately on Friday that it would prohibit its technology from being applied to political campaigning or lobbying. In a blog post, the company, which makes a chatbot called Claude, said it would warn or suspend any users who violated its rules. It added that it was using tools trained to automatically detect and block misinformation and influence operations.
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How effective the restrictions on A.I. tools will be is unclear, especially as tech companies press ahead with increasingly sophisticated technology. On Thursday, OpenAI unveiled Sora, a technology that can instantly generate realistic videos. Such tools could be used to produce text, sounds and images in political campaigns, blurring fact and fiction and raising questions about whether voters can tell what content is real.
As Putin Threatens, Despair and Hedging in Europe - The New York Times - 0 views
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As the leaders of the West gathered in Munich over the past three days, President Vladimir V. Putin had a message for them: Nothing they’ve done so far — sanctions, condemnation, attempted containment — would alter his intentions to disrupt the current world order.
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In Munich, the mood was both anxious and unmoored, as leaders faced confrontations they had not anticipated. Warnings about Mr. Putin’s possible next moves were mixed with Europe’s growing worries that it could soon be abandoned by the United States, the one power that has been at the core of its defense strategy for 75 years.
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Barely an hour went by at the Munich Security Conference in which the conversation did not turn to the question of whether Congress would fail to find a way to fund new arms for Ukraine, and if so, how long the Ukrainians could hold out. And while Donald Trump’s name was rarely mentioned, the prospect of whether he would make good on his threats to pull out of NATO and let Russia “do whatever the hell they want” with allies he judged insufficient hung over much of the dialogue.
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Inside the porn industry, AI looms large - The Washington Post - 0 views
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Since the first AVN “expo” in 1998, adult entertainment has been overtaken by two business models: Pornhub, a free site supported by ads, and OnlyFans, a subscription platform where individual actors control their businesses and their fate.
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Now, a new shift is on the horizon: Artificial intelligence models that spin up photorealistic images and videos that put viewers in the director’s chair, letting them create whatever porn they like.
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Some site owners think it’s a privilege people will pay for, and they are racing to build custom AI models that — unlike the sanitized content on OpenAI’s video engine Sora — draw on a vast repository of porn images and videos.
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Exclusive: Trump Media saved in 2022 by Russian-American under criminal investigation |... - 0 views
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The concern surrounding the loans to Trump Media is that ES Family Trust may have been used to complete a transaction that Paxum itself could not.
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Paxum Bank does not offer loans in the US as it lacks a US banking license and is not regulated by the FDIC. Postolnikov appears to have used the trust to loan money to help save Trump Media – and the Truth Social platform – because his bank itself could not furnish the loan.
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Postolnikov, the nephew of Aleksandr Smirnov, an ally of the Russian president, Vladimir Putin, has not been charged with a crime. In response to an email to Postolnikov seeking comment, a lawyer in Dominica representing Paxum Bank warned of legal action for reporting the contents of the leaked documents.
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There has never been more music made - but most artists go hungry - 0 views
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“Fifteen years ago,” says Will Burgess, of Practise Music, a management company, “if you wanted to record a song you needed two days in a studio, at £400 a day, plus a sound engineer at £100 a day. That’s the cost of a laptop, on which you can make unlimited amounts of music today.”
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These days you don’t need to be able to play a musical instrument to be a musician and you don’t need a studio. All you need is a computer. “I’ve created songs that have gone to No 1 in my daughter’s bedroom downstairs,” says Crispin Hunt, former lead singer of the Longpigs and now a songwriter who has worked with Lana Del Rey, Rod Stewart and Ellie Goulding.
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You can sketch out a musical idea on a laptop, you can add instrumentation, you can record your own vocals. If you want to collaborate with others around the world, no problem: when Luke Sital-Singh, a singer-songwriter who works in London, needs drums, he asks a friend with a studio in Lewes to send the files to his computer. He’s working with a guitarist in Santa Fe, to whom he sends a rough version of the song; his collaborator sends him back a guitar track.
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New York Times Bosses Seek to Quash Rebellion in the Newsroom - WSJ - 0 views
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The internal probe was meant to find out who leaked information related to a planned podcast episode about that article. But its intensity and scope suggests the Times’s leadership, after years of fights with its workforce over a variety of issues involving journalistic integrity, is sending a signal: Enough.
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“The idea that someone dips into that process in the middle, and finds something that they considered might be interesting or damaging to the story under way, and then provides that to people outside, felt to me and my colleagues like a breakdown in the sort of trust and collaboration that’s necessary in the editorial process,” Executive Editor Joe Kahn said in an interview. “I haven’t seen that happen before.”
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while its business hums along, the Times’s culture has been under strain.
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China Feels Boxed In by the U.S. but Has Few Ways to Push Back - The New York Times - 0 views
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President Biden’s effort to build American security alliances in China’s backyard is likely to reinforce the Chinese leader Xi Jinping’s view that Washington is leading an all-out campaign of “containment, encirclement and suppression” of his country. And there is not much Mr. Xi can do about it.
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To China, Mr. Biden’s campaign looks nothing short of a reprise of the Cold War, when the world was split into opposing blocs. In this view, Beijing is being hemmed in by U.S. allies and partners, in a cordon stretching over the seas on China’s eastern coast from Japan to the Philippines, along its disputed Himalayan border with India, and even across the vast Pacific Ocean to a string of tiny, but strategic, island nations.
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The summit ended with agreements to hold more naval and coast guard joint exercises, and pledges of new infrastructure investment and technology cooperation. It builds on a groundbreaking defense pact made at Camp David last August between Mr. Biden and the leaders of Japan and South Korea, as well as on plans unveiled last year to work with Australia and Britain to develop and deploy nuclear-powered attack submarines.
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