The Great AI Displacement: Fracturing Tomorrow’s Labor Market
An industry participant debunks a paper predicting that the labor market effect of AI will be so bright that we will all have to wear shades.
Read more...Category Archives: Dubious statistics
Satyajit Das: President Trump’s Spat With the Federal Reserve Is Not About Central Bank Independence
A look at the overly-large, internally conflicted role of the Federal Reserve and Trump’s dodgy aims in trying to bring it under his control.
Read more...Climate Engineering Would Alter the Oceans, Reshaping Marine Life – Our New Study Examines Each Method’s Risks
Sadly, climate engineering, aka geo-engineering, is coming. Is it possible to properly assess risks and choose least-hazardous approaches?
Read more...Greenland Is the Crown Jewel of “Fortress America”
More on Trump’s plans to annex Greenland.
Read more...Why Politicians Won’t Fix Affordability
Why affordability crisis is a symptom of predatory neoliberal practices. Concentrated wealth looks set to keep this new norm in place.
Read more...Even the Wall Street Journal Doubts the Trump Seize-Venezuela-Oil Scheme
Despite Trump’s loud proclamations, his fevered Venezuela oil heist dreams are set to go nowhere. So what happens then?
Read more...Today’s Doctored CPI Inflation Release Is Like a Bad Joke, but Very Serious
Unpacking the data crime in the new inflation report: a bizarre fall in housing costs, aka Owners Equivalent of Rent, which is 26% of CPI.
Read more...AI’s Errors May Be Impossible to Eliminate – What That Means for Its Use in Health Care
Even with concerns about using AI in medicine, proponents contend doctors can properly oversee its use. Is that realistic?
Read more...U.S. Seizes Oil Tanker Off Venezuelan Coast
Some updates on the US capture of an oil tanker that had just departed from Venezuela.
Read more...The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
A detailed discussion of how AI data-center investment boom is soking a societally and financially costly bubble
Read more...Steve Keen Warns Crash of 2026 Will Be Worse Than 2008
Steve Keen was one of the few economists to predict the 2008 crisis. His call for a 2026 crash looks all too credible.
Read more...How Wage Increases Became the Fed’s Red Line
How the Fed’s use of wages as a key inflation measure started as a war on labor and continues to operate that way.
Read more...Trump Goes Full Biden, Insists No Inflation, Affordability a Con as Strained Consumers Know Better and Trump’s Polls Sink Further
Trump’s failing about, now on inflation and affordability, is becoming more desperate.
Read more...Internet of Beings: The Dream of Digitising Human Bodies for Healthcare (and the Nightmare)
The logical conclusion of the intensive health monitoring fad: an internet of beings of continuous tracking and daily intervention.
Read more...Heavy Metals Contamination Fears Go Mainstream with Infant Formula and Protein Powders
Heavy metals are a legitimate food safety concern. That has created a mini-industry of conflicted measurement and certification players.
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