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This Part of Bidenomics Needs More Economics
Massive sums are being spent on industrial policy with little guidance from economic theory or research. Source link
The Things Hotels Still Can't Get Right
Travelers are paying more for hotels but often getting less, from problems with pools to missing food and drink items on menus, even at high-end
ChatGPT Already Floods Some Corners of Internet With Spam
Online publishers have been inundated with junk-article pitches as websites using AI-generated content multiply. Source link
Lina Khan Is Taking on the World's Biggest Tech Companies—and Losing
The FTC chair’s court loss against Microsoft marks another setback in her fight to block mergers. Source link
Credit Scores Rose in Pandemic. Now, More Borrowers Are Slipping.
Government stimulus checks and loan deferrals drove up scores, making it harder for banks to tell who is creditworthy. Source link
Merrill Lynch to Pay $12 Million for Failing to File Hundreds of Suspicious Activity Reports
Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. Source link
KPMG Plans $2 Billion Investment in AI, Cloud Services
An expanded partnership with Microsoft is expected to bring in $12 billion in revenue for KPMG over five years, the Big Four accounting firm said.
Lawmakers Demand Telecom Firms Act on Toxic Lead Cables After WSJ Investigation
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London's Canary Wharf Takes Brunt of Real-Estate Pain
Empty offices, remote working and corporate tenants fleeing to buzzier parts of the U.K. capital are all hitting the 30-year-old business district. Source link
They Had Great Credit Scores. Then They Retired
The three-digit numbers still matter long after you stop working. Source link