The S&P 500 Index pared declines after falling almost 1 percent, as selling in defensive shares eased. Banks bore the brunt of declines, with a KBW index of lenders pushing losses since March 1 past 10 percent after the Republicans’ failure to pass a health-care bill raised the specter that promised pro-growth policies may be delayed. The greenback was on the verge of erasing the rally spurred by Trump’s election victory, while Treasury 10-year yields fell to 2.35 percent.
To be sure, most experts agree that the impact of advancing artificial intelligence won’t be felt equally. It’s less likely that machines will suddenly be able to replace the entirety of a human’s workload, but instead, that machines will become able to perform more and more individual tasks—and eventually to solve more complex problems. But without planning and intervention, such as retraining efforts, this could create an even more stratified workforce, where only the most educated, highly skilled, senior workers have stable work. And that would have disastrous implications for an already troublesome economic inequality gap.
Murray met Trump in February when the president signed repeal of the Stream Protection Rule, Obama-era legislation that prevented coal companies from dumping mining debris in streams and which Murray called an “unlawful and destructive” attempt to “destroy our nation’s underground coalmines and put our nation’s coalminers out of work” .
It was the 77-year-old Murray’s first visit to the White House and, he hopes, the first of a series that will help push coal’s agenda.
Sad Signs Of A Collapse (Tiffany D.)
As Jocelynn Smith wrote on Thursday: The American economy is balanced on the edge of a precipice. For example, our labor-force participation for men is the second worst of the OECD countries. Not to mention a litany of other issues, including our ever-shrinking middle class and a government that isn’t the most trustworthy. Last year, we ranked 28th out of 70 in a list of the World’s Most Reputable Countries. We’re not even the healthiest. According to 2017 Bloomberg’s Global Health Index — the U.S. placed 34th out of 163 countries.
Silicon Valley’s Quest To Live Forever (jdargis)
In the back, Andy Conrad picked up a mike to challenge the emphasis on extending maximum life span, which is currently around a hundred and fifteen. Conrad is the C.E.O. of Verily, a life-sciences firm owned by Google’s parent company, Alphabet. Like most of the scientists in the room, he aims simply to help people enjoy a few more “quality-adjusted life years.” He asked, “Isn’t longevity a misnomer? Isn’t it ‘living longer well’? Or ‘healthspan’?” The biologists nodded with relief.
In subsequent crisis events, similar rumors appeared. After the Umpqua Community College shooting, a rumor claimed the event was staged by “crisis actors” for political reasons — specifically to justify legal restrictions on gun rights. And after the shootings at the Orlando Pulse nightclub, a rumor suggested they were committed by someone other than the accused gunman — with the purpose of falsely blaming the attack on Muslims. For every man-made crisis event we studied, we found evidence of alternative narratives, often shared by some of the same accounts and connected to some of the same online sites.
Self-Driving Cars May Just Be the Start (Michael K.)
There’s a constant flow of news from the self-driving car camp, from Tesla’s announcement that it will release its first entirely autonomous car later this year to reports that Uber’s self-driving car is failing spectacularly—and not only that, but allegations that it’s based on stolen tech from Google’s Waymo.
Any cyclone that forms next week would almost certainly be classified as a “subtropical storm” (the Miami-based National Hurricane Center began naming subtropical storms, in addition to tropical storms, in 2002). It would originate from a mass of cold air that recently moved off of the United States, eastward, into the subtropical area of the Atlantic Ocean. Unlike “tropical” storms, subtropical storms have cold air at their centers and generate energy from the interaction of cold and warm air masses. (By contrast, a tropical cyclone derives energy from latent heat, as water vapor evaporates from the ocean’s surface and condenses into liquid water).
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