Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.

Whatever positive economic changes the Milei government might have made in Argentina, the country is still not attractive for new capital investment.

Iran Will Be "Finding Out" Over Next 10 Days, Trump Says, But Asserts "Good Talks" Update(1021ET): As has become typical, President Trump is all over the place - his intentions ever more difficult to interpret - at a moment the media has highlighted Iraq war levels of military build-up in the Middle East with an eye on potential attack on Iran. On Thursday he oversaw the inaugural meeting in Washington DC of the Board of Peace related to Gaza. In televised remarks he surprisingly called tense negotiations with Iran "good talks". But then he...

How Will AI-Driven Automation Actually Affect Jobs? Authored by Alex Imas and Soumitra Shukla via Ghosts of Electricity, One of the most widely cited findings in AI policy comes from a 2023 paper by Eloundou, Manning, Mishkin, and Rock titled “GPTs are GPTs.” The title is a nice double meaning: the paper studies how general-purpose technologies (GPTs) powered by large language models (also GPTs) may reshape the labor market. The headline finding is that around 80% of U.S. workers could have at least 10% of their tasks affected by LLMs, and...