tardigrada

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U.S. bank JPMorgan Chase says its stress test exam result should be worse than what the Federal Reserve disclosed ( www.jpmorganchase.com )

After the Federal Reserve disclosed JPMorgan Chase's stress test results 2024, the bank said in a statement that the Fed's projections for a particular asset - the 'Other Comprehensive Income (“OCI”) - was overestimated....

'ChamelGang & Friends': China-linked Cyberespionage Groups Attacking Critical Infrastructure Globally with Ransomware ( www.sentinelone.com )

Threat actors in the cyberespionage ecosystem are engaging in an increasingly disturbing trend of using ransomware as a final stage in their operations for the purposes of financial gain, disruption, distraction, misattribution, or removal of evidence....

"Lack of transparency, state censorship, potential copyright infringement”: Leading geologist raises serious issues with Chinese-funded Large Language Model aimed at geoscientists ( geoscientist.online )

GeoGPT, a big-data artificial intelligence project aimed at geoscientists and researchers particularly in the global south and built by the Chinese tech company Alibaba, aims at helping develop their understanding of earth sciences by drawing on swaths of data and research on billions of years of the planet’s history....

Facial recognition startup Clearview AI settles privacy suit in the U.S. by giving plaintiffs a share of the company’s potential value, rather than a traditional payout, over lack of liqudity ( apnews.com )

Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth more than $50 million....

A supermarket trip may soon look different, thanks to electronic shelf labels ( www.npr.org )

Grocery store prices are changing faster than ever before — literally. This month, Walmart became the latest retailer to announce it’s replacing the price stickers in its aisles with electronic shelf labels. The new labels allow employees to change prices as often as every ten seconds....

tardigrada ,

The real change in retail pricing might be discrimination pricing (or 'surveillance pricing' as it is now called sometimes). Simply speaking, it uses personal data to personalize prices not just for each customer, but also for each customer depending on actual circumstances such as day time, weather, an individual's pay day, and other data, collected through apps, loyalty cards, ...

As one article says, there is One Person One Price:

"If I literally tell you, the price of a six-pack is $1.99, and then I tell someone else the price of a six-pack for them is $3.99, this would be deemed very unfair if there was too much transparency on it,” [University of Chicago economists Jean-Pierre] Dubé said. “But if instead I say, the price of a six-pack is $3.99 for everyone, and that’s fair. But then I give you a coupon for $2 off [through your app] but I don’t give the coupon to the other person, somehow that’s not as unfair as if I just targeted a different price.”

The linked article is a very long read but worth everyone's time. Very insightful.

China’s risky answer to wall of debt is more debt ( www.reuters.com )

China’s economy is buried under a great wall of debt and Xi Jinping’s answer is to add more bricks. The president has sanctioned an extraordinary programme of borrowing by the central government to steer the $18 trillion behemoth to “high quality development”. In doing so, he is piling risk onto the country’s last...

tardigrada OP ,

I suppose that's the mechanism they're using to centrally manage the economy, by controlling fund transfers to lower levels of government.

I would agree with this view. The local governments are responsible for the majority of spendings (including pensions, health care), but they can barely raise funds themselves.

The central government has already said that the new debt will be forwarded to the local government, and that it will be 'off-budget', meaning the money goes to LGFVs. The future will tell us how this ends up, but the risks are high imo given the country's debt burden is so much higher than in most other countries as you suggested.

Tuta Mail's Google Ranking Mysteriously Restored After Announcement to Take Legal Actions -- [Tuta blog] ( tuta.com )

On March 7, 2024, Google inexplicably downranked the website of Tuta Mail in its search results. While Tuta Mail is a prominent provider of encrypted email services, focusing on security and privacy, our website was deranked for terms like “secure email” and “encrypted email” completely. The search results for our...

tardigrada OP ,

I am thinking the same. Must be some sort of Streisand effect :-)

Top 10 Generative AI Models Mimic Russian Disinformation Claims A Third of the Time, Citing Moscow-Created Fake Local News Sites as Authoritative Sources ( www.newsguardtech.com )

NewsGuard audit finds that 32% of the time, leading AI chatbots spread Russian disinformation narratives created by John Mark Dougan, an American fugitive now operating from Moscow, citing his fake local news sites and fabricated claims on YouTube as reliable sources....

Surgeons believe we are about to enter a new era where diseases can be treated before children are born ( www.bbc.com )

Prenatal screening for neurological conditions has progressed in leaps and bounds over the past couple of decades. Technology including genetic analysis, neuroimaging, and high-resolution foetal magnetic resonance imaging (MRI) are allowing doctors to peer into the nervous systems of developing foetuses and already diagnose them...

tardigrada OP ,

Yeah, and not to forget:

One interviewee admitted to paying for access to a data set. “I bought access to an official archive and altered the data to support my hypotheses.”

False promise of biometrics: Digital IDs in Africa failing to deliver promised democratic and development boost while making fortunes for tech vendors, investigations finds ( www.lighthousereports.com )

Some of the world’s poorest countries have been investing heavily in digital ID systems which it is claimed will deliver democratic and development dividends. Africa has been at the forefront of this push supported by the World Bank, UN agencies and the international community. Some of Africa’s most fragile states have been...

Taliban assault on women’s rights continues in Afghanistan, UN says ( news.un.org )

On Thursday, UN Human Rights Office (OHCHR) spokesperson Liz Throssell revealed that in its latest act of disempowerment, de facto authorities have told women civil servants prohibited from working that despite qualifications or experience, their salaries will now be cut to the lowest level....

6,000 years ago, men and women -and those migrated from other locations- had equal access to resources, research finds ( www.sciencedaily.com )

Using isotope geochemistry, scientists have uncovered new information about the Barmaz necropolis in Valais (Switzerland): 14% of the people buried 6,000 years ago at this site were not locals. What's more, the study suggests that this Middle Neolithic agropastoral society -- one of the oldest known in the western part of...

'New China laws risky for Taiwanese’ with many have been detained or interrogated, while Taipei warns that Chinese authorities can from next month confiscate cellphones ( www.taipeitimes.com )

Taiwanese who are traveling to China for religious, business or other non-political purposes can all be interrogated by Chinese national security officers due to new national security laws, the Mainland Affairs Council (MAC) said in a recent report....

U.S.: President Biden Vetoes Congressional Bid to Void Securities and Exchange Commission Crypto Guidance ( www.bloomberg.com )

U.S. President Joe Biden vetoed a congressional resolution that would strike down US Securities and Exchange Commission (SEC) guidance that the crypto industry says has stymied its ability to work with banks....

tardigrada ,

You can't make such a decision based on simple financial calculations, not in the least as there is no way to make reasonable predictions in our current market environments. Ask any investment advisor, and they will tell you to buy your home if you can afford it.

This is off-topic: Why is the NYT accessing the camera when going to the linked article?

Israeli journalist says he was threatened by senior intelligence officials if he reported on attempts by the country's spy chief to intimidate ex-prosecutor ( www.theguardian.com )

- An investigative reporter with Israel’s leading leftwing newspaper, Haaretz, has said unnamed senior security officials threatened actions against him if he reported on attempts by the former head of the Mossad to intimidate the ex-prosecutor of the international criminal court....

Israeli tanks advance into Rafah's centre despite global leaders' outcry over the horrors at Sunday's strike on tent camp ( www.reuters.com )

- Residents said Rafah's Tel Al-Sultan neighbourhood, the scene of Sunday's night-time strike in which tents and shelters were set ablaze as families settled down to sleep, was still being bombarded....

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