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To many who work in the arts industry, the rise of art-making artificial intelligence may pose an eventual threat to their livelihoods. Will independent artists be replaced by corporations using AI to generate mass entertainment?
Monetary authorities are caught in an impossible situation. Inflation is rising: it is over 5 per cent in Australia and over 9 per cent in the United States. Inflation is often seen as a way out of excessive debt because it erodes the real value of money and therefore the real value of the debt. But what is increasingly being discussed are ways to cancel the debt.
The question that should be posed is how effective has the Reserve Bank been at ‘managing’ the economy and financial system? ‘Not very’, has to be the answer. Not that the RBA is alone. The same pattern has been seen across the developed world. Central banks have one weapon at their disposal, the cost of money (the interest rate), and there is not much evidence they have used this tool to make their systems sustainable. Mostly, they have made matters worse.
As commodity prices and inflation soar in the ‘real’ world we may be witnessing a prelude to another 2008-style crisis triggered by the foreign exchange markets. The risks certainly look similar and can be described with a simple question. Can the fictions produced by out-of-control financial actors survive reality?
A house bursts into flames as it’s submerged in floodwaters. A doctor tells a cameraman filming a dying Ukrainian child to send the footage to Putin. A newspaper delves into the murder of a young woman. It’s like a fever dream: a pandemic bleeds into the edges of a global war. The news presents information, and it has no moral duty to tell us how we should feel about it or help us untangle the knot of feelings which emerge.
Instead of retaining its control of a fruit market, or preserving an oil monopoly, Facebook harnesses another resource: data. Any regulator or sovereign state keen to challenge the way the Silicon Valley giant gathers, monetises and uses that data will face their ire.
It’s a tradition of mine to undertake my own “media watch” experiment following the annual Invasion Day rallies. I ended up being pleasantly surprised.
The legal pursuit of Assange is disturbingly unique not only for using an archaic law against a non-US national; it is also the first instance of an international application of it against a publisher. The law, if applied in the way suggested by the charges, criminalise the receipt, dissemination and publication of national security information, irrespective of motive. If the US Espionage Act 1917 were applied in this way, it would appear to subvert the free press provision in the United States Constitution.
The pandemic has been a clear demonstration that science is a method, not an endpoint. It is an ongoing process of hypothesising, testing, and interpreting the results of those tests through public policy. Though the hypothesis may be accepted or rejected, these interpretations are unlikely to be absolutely definitive statements or recommendations and are usually made with varying degrees of certainty.
Using the term ‘colonisation’ in regard to Israel and its relationship to Palestine and its settlements in the West Bank is contested, with some claiming that the situation is not a perfect parallel to other colonial contexts throughout history.
The controversy over the shares of US video game company GameStop has again exposed what has long been obvious: there is something seriously rotten in the state of the world’s financial markets. It was a battle between a hedge fund, Melvin Capital, which manages $US13 billion, and a small group of ‘amateur’ investors who communicated with each other on a Reddit forum called WallStreetBets.
37-48 out of 200 results.