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Right now, inflation is inescapable. At the grocery store, the gas station, and in almost every country in the world, people are paying more — way more — than they did just a couple of years ago for everything. In this video, we explore three explanation
Large language models are astonishingly good at understanding and producing language. But there’s an often overlooked bias toward languages that are already well-represented on the internet.
The Federal Reserve has a dual mandate to both promote maximum employment and keep prices stable. Yet, the central bank cannot influence employment directly and it is notoriously hard to measure.
When airplanes are retired, many of them end up stripped for parts that are worth millions of dollars. Almost every component from engines to landing gear.
Hands drawn by robots … often just don’t look right. Why is that, and what will it take to get better? Producer Phil Edwards is exploring five different aspects of AI that help explain everything from large language models to unusual training data.
Aircraft close calls have been rising, prompting safety concerns. The FAA has confirmed six serious runway incursions just this year, including one at JFK Airport in New York and another in Austin, Texas.
The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk. Over 550 banks have collapsed since 2001, according to the FDIC.
Delta Airline’s largest hub is located in Atlanta, Georgia. WSJ visited Delta’s domestic kitchen – one of the largest facilities they own – to see how they make thousands of first-class airline meals on an average day.
Crypto companies have had a rough year. Coming off the collapse of FTX, and now digital asset-focused banks Silvergate and Signature, the once red-hot industry remains in a crypto winter.
Tipping in the United States is on the rise and experts are calling it tipflation. In the fourth quarter of 2022, the number of tips provided at full-service restaurants grew by 17% from the fourth quarter of 2021.
Digital wallets like Apple Pay are continuing to grow in popularity. Banks are worried they’re losing ground to tech companies eager to gain market share in consumer payments.
For the first time in six decades, China’s population is shrinking, and it’s predicted it could create a demographic crisis. That’s because China isn’t just shrinking, it’s also aging.
A commercial plane typically flies multiple times a day, thousands of times a year, for several years before updating the interior.
Silicon Valley Bank’s swift collapse prompted regulators to implement a series of emergency measures to stem the fallout and shore up wavering confidence in the banking system.
Silicon Valley Bank is no more. The question now, though, is whether the collapse of this tech-friendly regional bank is the start of something more serious — or just what happens when higher interest rates give companies less room for error.
The abrupt collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, happened after a run on deposits doomed the tech-focused lender’s plans to raise fresh capital.
Inflation is slowly easing, but it’s still far from the Fed’s 2% goal. WSJ explains how 2% became the Federal Reserve’s sweet spot, what happens when the U.S. economy strays too far from it.
Having multiple credit cards and playing the rewards game can save you hundreds of dollars each year.
With 60 million customers daily, more than 40,000 locations in over 100 countries and 1.9 million employees McDonald’s is one of the world’s largest restaurant chains. And it is about to get even bigger.
As many countries across the globe battle sky-high inflation, Switzerland’s economy is seeing something far less dramatic. Inflation in Switzerland hit a 29-year high of 3.5% in 2022.
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Continuing our journey to learn something new, we travel to the War Rooms Museum in London England. The Churchill War Rooms is a secret underground headquarters which offers a fascinating glimpse into Britain's wartime operations, featuring the Map Room, Cabinet Room, and Churchill's office, all preserved as they were on the day the lights went out in 1945.
In the underground Cabinet Room Churchill and his key ministers and advisers would meet with the Chiefs of Staff to make important decisions about the course of World War II. Churchill was known to push his military chiefs far beyond their comfort zones, so it was likely to be a place of tension and confrontation.
The War Rooms were a top-secret location, with strict security measures and a focus on maintaining confidentiality, even down to the typewriters being noiseless. A tiny room disguised as a toilet was used for secret conversations between Churchill and the US President.
You can find some poignant graffiti, including a hand-drawn image of Adolf Hitler, in the Chief of Staff meeting room. To alleviate the health problems associated with working underground for prolonged periods of time, staff had to strip to their underwear, put on protective goggles and stand in front of portable sun lamps.
Churchill’s leadership lessons emphasize unwavering resolve, inspiring communication, and the importance of character and conviction, particularly during times of crisis. Visiting his War Rooms was inspirational.
As he also famously said, “a pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” My glass for visualizing success has always been half-full. What you visualize and action through continuous learning is what you will ultimately achieve. Believe in yourself and your dreams. Failure is never final. Reset, keep calm, and always carry on.
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J.P. Morgan Research has lowered its estimate for 2025 real GDP growth due to heightened trade policy uncertainty, the effect of existing tariffs and retaliatory measures by foreign trading partners. Real GDP growth is now expected to be 1.6% for the year, down 0.3% from previous estimates. - J.P. Morgan Read more
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