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Robots in finance could wipe out some of its highest-paying jobs

Eco/Invest/Demography, Technology, Trends, Facts       Dec 07, 2019

  Robots have replaced thousands of routine jobs on Wall Street. Now, they’re coming for higher-ups.   That’s the contention of Marcos Lopez de Prado, a Cornell University professor and the former head of machine learning at AQR Capital Management LLC, who testified in Washington on Friday...

Climate change is real: How it is becoming a nightmare for central banks

  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,” Carney began his...

Do we need a backup planet to survive?

Eco/Invest/Demography, Technology       Aug 25, 2019

New Delhi: Billionaire entrepreneurs Elon Musk and Jeff Bezos are at the forefront of a new age commercial space exploration programmes and actually working towards building a base station on Moon and ultimately colonising Mars.   And it is not just adventure, glory or money that...

Recapitalisation of Indian public sector banks disappearing into quicksand

  Mumbai::  India Ratings and Research (Ind-Ra) opines that it is time to reevaluate the objectives of public sector banks (PSBs) and their role in the Indian economy. While the government has infused huge capital in PSBs, the same has largely been used to mitigate losses...

Climate hits key tipping points, existential threat real, say scientists

  It was an odd title for a comedy night, but British stand-up Carl Donnelly turned out to have chosen an environmental theme with impeccable timing.   With temperature records tumbling daily in last week's European heatwave, a crowd in an east London bar seemed uniquely primed...

Harnessing India's Youth Power:Running out of time

Eco/Invest/Demography       Jul 24, 2019

  India, which is home to more young people than any other country, is running out of time to harness the potential of its youth to drive economic growth.   Growing old The nation’s population in the under-19 age group has already peaked, government data show. That...

Beware the hype around AI. It has fooled many

Risk Management, Technology, Trends, Facts       Jul 11, 2019

Last March, McDonald’s acquired the startup Dynamic Yield for $300 million, in the hope of employing machine learning to personalize customer experience.    In the age of artificial intelligence, this was a no-brainer for McDonald’s, since Dynamic Yield is widely recognized for its AI-powered technology and...

Air conditioning is the world's next big threat

  By Chris Bryant The vast majority of Americans have air conditioning but in Germany almost nobody does. At least not yet.   So when temperatures in Berlin rose to an uncomfortable 37 Celsius (99 Fahrenheit) this week – a record for the month of June –...

In 'climate apartheid', rich will save themselves while poor suffer: UN

  The world is on course for “climate apartheid”, where the rich buy their way out of the worst effects of global warming while the poor bear the brunt, a UN human rights report said on Tuesday.   The report, submitted to the UN Human Rights Council...

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