The number of business and personal Chapter 11 bankruptcies shot up to 2,973 during this year’s first five months, a 68-percent increase from the 1,766 in the same period in 2022, data service Epiq Bankruptcy reported on 3 July.
Author: admin (Kendrick Williams)
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WAGES ROSE, UNEMPLOYMENT FELL AGAIN IN JUNE
In June, wages were 4.4 percent higher than a year earlier and unemployment edged down to 3.6 percent from 3.7 percent in May.
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THE BET: TWO MORE FED RATE HIKES THIS YEAR
All 11 voting members of the U.S. Federal Reserve’s Open Market Committee agreed to defer an interest rate increase in June’s meeting, the session's newly-released minutes show.
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DID YEVGENY PRIGOZHIN REALLY LEAD AN ARMED REBELLION IN RUSSIA?
“A riddle wrapped up in an enigma” is a shortened form of a quotation made in October 1939, just one month after the Second World War had begun, by Sir Winston Churchill in a radio broadcast to the British people. At the time, Churchill was First Lord of the Admiralty. The full comment was “I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma…”
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GOOGLE’S BARD AI SIDES WITH UKRAINE, AND SAYS IT HAS OPINIONS ON GEOPOLITICS
We recently probed Google’s Bard AI concerning the Russia-Ukraine war, and found that it displayed strong opinions about it.
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THIS WEEK IN SURVEILLANCE
Just in time for July 4th, a Federal court judge in the Missouri vs. Biden court case issued a pro First Amendment ruling.
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BLOCKCHAIN BATTLES
Always use two-step verification, and never give either verification codes or passwords to anyone, even someone claiming to be a Coinbase employee.
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WHY WEB3 SEARCH WILL CHALLENGE CURRENT SEARCH ENGINE SUPER PLAYERS
A recent research paper posted on SSRN detailed a web3 search engine that would use decentralized storage, PoS (Proof of Stake) and new PoL (Proof of Learning) crypto mechanisms to power and ensure the integrity of the decentralized network and service.
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AI SPARKS LAYOFFS—IN THE TECH INDUSTRY
AI will erase jobs in a range of industries, but perhaps it’s surprising that some tech jobs are among the first to go.
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SCHOOL DISTRICTS BAN, ALLOW CHATBOTS
The Australian states of New South Wales and Queensland have banned ChatGPT and similar “large language model” AIs from public schools until government education departments determine how they can be used “safely and appropriately” in classrooms.