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Haldane warns against blind trust in AIs

Haldane warns against blind trust in AIs

Artificial intelligence systems should not be responsible for financial firms’ risk management nor autonomously supervise them, new research from the Bank of England argues. The BoE’s former chief economist, Andy Haldane, writing with Marcus Buckmann…

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Oil up 3rd Straight Day After Outsized U.S. Draws By Investing.com

Oil up 3rd Straight Day After Outsized U.S. Draws By Investing.com

© Reuters. By Barani Krishnan Investing.com – Oil prices rose for a third straight day on Wednesday as data from the U.S. government on Wednesday showed supportive drawdowns in crude and gasoline stockpiles toward the…

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Why people feel guilty about using effort-saving products when taking care of loved ones

Why people feel guilty about using effort-saving products when taking care of loved ones

The Research Brief is a short take about interesting academic work. The big idea People who care for friends, children or other loved ones may avoid products and services that make caregiving easier – such…

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Oil prices hold above $70 after two-day rally By Reuters

Oil prices hold above $70 after two-day rally By Reuters

© Reuters. FILE PHOTO: A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver By Ron Bousso LONDON (Reuters -Oil prices dropped on Wednesday but stayed above $70 a barrel, taking…

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Ghana’s land acquisition process generates conflict. Blockchain offers a solution

Ghana’s land acquisition process generates conflict. Blockchain offers a solution

Ghana’s current system of land administration generates a lot of conflicts for a number of reasons. Firstly, under Ghana’s customary land tenure system, multiple people can hold interest in the same land. This means that…

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Corporate directors don’t see stopping wayward CEOs as their job – contrary to popular belief

Corporate directors don’t see stopping wayward CEOs as their job – contrary to popular belief

In December 2001, Enron Corp. collapsed into bankruptcy – at the time the biggest U.S. publicly traded company to ever do so – following years of fraudulent accounting. Two decades later, Theranos CEO Elizabeth Holmes…

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Fed’s dollar swap lines and ‘Fima’ facility to run nine more months

Fed’s dollar swap lines and ‘Fima’ facility to run nine more months

The Federal Reserve has agreed to extend the dollar swap lines it re-established during the Covid-19 crisis to guard against further instability in 2021. The announcement came alongside the Fed’s latest monetary policy decision, where…

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Oil Inventories Fell by 1.6M Barrels Last Week: API By Investing.com

Oil Inventories Fell by 1.6M Barrels Last Week: API By Investing.com

© Reuters. By Yasin Ebrahim Investing.com – U.S. crude stockpiles fell by less than expected last week, but the bullish sentiment on energy since the start of the week remained intact amid signs China has…

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Safety net policies are helping reduce the number of Americans below the poverty line – but that’s not the whole story

Safety net policies are helping reduce the number of Americans below the poverty line – but that’s not the whole story

CC BY-ND The share of Americans living in poverty shrank to an estimated 9.2% in 2020, according to the Urban Institute, a think tank that closely tracks this rate with a widely used model. There…

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Analysis of 2 000 galaxies using the MeerKat radio telescope reveals fresh insights

Analysis of 2 000 galaxies using the MeerKat radio telescope reveals fresh insights

Galaxies – massive collections of gas, dust, and billions of stars and their solar systems – are a fundamental component of our Universe. Understanding how they have formed and evolved over cosmic eras remains one…

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