Author: Press Room
Easter Sunday, a day during which Christians contemplate just just what it meant for the object of their faith literally to die before subsequently rising, seems a good day to think about death and rebirth both as metaphor and as aspiration. The impression is strengthened when one considers that adherents to the other Abrahamic faiths, as well as many Hindus, also are celebrating forms of Divine revelation and salvation right now. Resurrection as metaphor seems to be salient all around us right now. China is drawing all manner of attention, admiring and fearful by turns, as it raises itself from…
When President Biden used his first veto (less than 60 days after his party no longer controlled both houses of Congress), the media reported on the event with much fanfare. That it had to do with a very narrow subject didn’t matter. But was all the chest pumping justified? Could it be that the issue was already moot even before Congress passed the joint resolution that inspired the veto? On Wednesday, March 1, 2023, the Senate voted 50-46 to overturn the Department of Labor’s new Fiduciary Rule. This new Rule was to replace a similar Rule promulgated by the DOL…
The collapse and federal takeover of Silicon Valley Bank (SVB VB ) and Signature Bank is generating worries about where the next bank failures might occur. Will they hit smaller banks with high commercial real estate (CRE) exposure, as the CRE sector faces persistent economic challenges? And why do we continue seeing periodic financial sector crises? Concerns over small bank risks gained a lot of attention recently, when Goldman Sachs’ Richard Ramsden, the firm’s leader of the Financial Group in Global Investment Research, wrote a widely quoted cautionary note. Ramsden said he expects banks to “pull back on commercial real…
Every modern commercial real estate transaction, or other business transaction, takes place largely through email. If it’s a major or complicated transaction, it will involve dozens of email recipients and senders – business people, lawyers, brokers, title companies, other service providers, and so on. Each email will beget a stream of additional emails as each recipient replies, adds a little something to the discussion, and then sends their response to everyone. The bloated disclosures and caveats automatically added to the end of each new email response don’t help. It all becomes overwhelming. As one reaction to these massive email strings,…
Just For You Café, the San Francisco restaurant that inspired the animated sitcom “Bob’s Burgers”, closed down this week, partially due to soaring food inflation. The quirky breakfast joint, known for its New Orleans-style beignets and home-baked bread, was located in the Dogpatch neighborhood of San Francisco. It originally opened in 1980 and moved to its Dogpatch location in 2002.The café’s owner cited inflation and pandemic-related debt as reasons for its closure. “The long and short of it is that we really haven’t been making money since COVID, and it’s just been kind of a battle,” Owner Reid Hannula told…
Check out the companies making headlines in midday trading.Nvidia – Shares of the chipmaker slid about 3% a day after Google revealed details about its artificial intelligence supercomputer and claimed that, compared to similar systems, it’s 1.2-1.7x faster and uses 1.3-1.9x less power than the Nvidia A100.related investing newsPalantir Technologies – Shares of the big data company, known for its many government contracts, fell about 5% after Palantir announced the expansion of its partnership with Microsoft to the public sector from the private sector. This development would give U.S. government customers and industry partners access to enterprise-grade capabilities by Palantir…
Google published details about one of its artificial intelligence supercomputers on Wednesday, saying it is faster and more efficient than competing Nvidia systems, as power-hungry machine learning models continue to be the hottest part of the tech industry.While Nvidia dominates the market for AI model training and deployment, with over 90%, Google has been designing and deploying AI chips called Tensor Processing Units, or TPUs, since 2016.Google is a major AI pioneer, and its employees have developed some of the most important advancements in the field over the last decade. But some believe it has fallen behind in terms of…
The BBC is seeking a swift resolution after Twitter branded it as “government funded media.” Britain’s national broadcaster is predominantly funded by UK households via a license fee, which is also required to watch non-BBC channels or live services. This is supplemented by income from commercial operations. The @BBC account – which has 2.2 million followers – is currently branded as government funded. The label has not been given to the BBC’s other accounts, including BBC News (World) and BBC Breaking News. Twitter has not given a definition for what it considers “government funded media” to constitute. In a statement…
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The blockchain ecosystem is disrupting a lot of industries. The nascent technology has so far enabled more enhanced financial recording systems and how transactions are executed.The blockchain space has also touched on healthcare, gaming, entertainment, and music.Not to be left out, the freelance industry is experiencing a wave of decentralized collaborative solutions via DeeLance.Currently, in its presale stage, DeeLance is a Web3 space for recruitment.The innovative platform enables freelancers and employers to hire and create value for a fraction of the cost when using traditional freelancing platforms.Given the growing interest in remote and independent job roles, DeeLance might become the front-runner…
