This past year, the information that fed our risk perceptions was confusing and often misleading. We were inundated with images and statistics about the pandemic last summer, but not about car accidents. This made the pandemic feel like the biggest and most immediate threat to our lives. True, for many people it was. Many more people died from Covid than car accidents. But not all activities were equally risky. For most of us, socializing outdoors was safer than reckless driving.
The mania and panic that have gripped decentralized cryptocurrencies are heightening the attraction of their coming rivals: digital cash, issued by central banks. These tokens will be staid, centralized and state-controlled. That’s exactly what users will want in an Internet of Things world where machines need to settle claims with one another all the time, instantaneously, but without contributing to global warming.
Galvanised by widespread environmental degradation and rising Indigenous rights movements, indigenous communities around the world are leading the way in upholding the rights of sacred and ancestral rivers. This includes Maori tribal relationships with the Whanganui River in Aotearoa New Zealand, the role of Indigenous and Afro-Colombian communities in the Atrato River in Colombia, and the Yurok Tribal Council’s granting legal rights of personhood to the Klamath River through an ordinance in the United States.
It’s an incredible public relations coup for an industry desperate to rescue its image. Just last month, Purdue Pharma pleaded guilty and has agreed to penalties of more than $8 billion after being prosecuted for its role in America’s horrific opioid crisis. Pfizer set an earlier record for a drug industry fraud settlement in 2009 at $2.3 billion, in a case over its fraudulent marketing of a painkiller, an antipsychotic and other drugs for conditions for which it hadn’t received approval.The turpitude of the pharmaceutical industry is so commonplace that it has become part of the cultural wallpaper. The screenwriters of the 1993 movie
A group of climate scientists recently got together on Twitter and tried to figure out what a more realistic scenario looked like. They fed energy predictions from the International Energy Agency into climate models and found out that 3 degrees of warming is a much more likely business-as-usual scenario than 5 degrees.
“Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs — not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the US House Committee on Financial Services.
Jill Ward Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry. “I’m going to give you a speech without a joke, I’m afraid,”...
Last week, Elon Musk said that ‘a big rock (asteroid) will hit Earth eventually & we currently have no defence’
Jeff Bezos, on the other hand, worries that we will run out of energy on Earth, leaving the future generations with limited resources which can block their growth, dynamism
During FY14-FY19, the government and Life Insurance Corporation (LIC) together infused Rs 3 trillion in PSBs. However, from the value creation objective, the scenario looks weak
U.S climatologist Michael Mann believes emissions need to fall even more drastically than the IPCC assumes since the panel may be underestimating how far temperatures have already risen since pre-industrial times.