According to the New York Times, Vice, the digital-media company that earned investments by Disney and Fox prior to a crash-landing, is preparing to file for bankruptcy, according to two people with knowledge of its operations. Questions: Source: Hirsch, L. and B. Mullin. (2023). Vice Is Said to Be Headed for Bankruptcy. The New York… Read more »
Posts Categorized: Uncategorized
First Republic’s Problems
According to the New York Times, the bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March. Questions: Source: Cowley, S. (2023). In An Unsteady Banking Industry, First Republic’s Problems Stood Out. The New York Times, May 1 (Retrievable… Read more »
The Godfather Speaks about AI
According to the New York Times, for half a century, Geoffrey Hinton nurtured the technology at the heart of chatbots like ChatGPT. Now he worries it will cause serious harm. Questions: Source: Metz, C. (2023). ‘The Godfather of A.I.’ Leaves Google and Warns of Danger Ahead. The New York Times, May 1 (Retrievable online at… Read more »
New York Eases Greenhouse Gases Accounting
According to the Washington Post, New York Gov. Kathy Hochul (D) is backing a proposal to change the state’s method of accounting for greenhouse gas emissions, after state modeling estimated significant cost increases for buying gas and heating homes. Questions: Source: Joselow, M. and V. Montalbanos (2023). New York, citing consumer costs, may ease its greenhouse gas… Read more »
NBCUniversal CEO Out
According to the Washington Post, the NBCUniversal CEO Jeff Shell will leave the company “effective immediately” following an investigation into a complaint of inappropriate conduct. Questions: Source: Kaur, A. (2023). NBCUniversal CEO departs after ‘inappropriate relationship’. The Washington Post, April 23 (Retrievable online at https://www.washingtonpost.com/business/2023/04/23/jeff-shell-ceo-nbcuniversal-leaves)
Artificial Intelligence (AI) Responses Are Responsible for the Firing of an Editor
Recently, we have heard many things about the dangers of artificial intelligence (AI). Today, the New York Times published an article about the firing of the editor of German celebrity magazine Die Aktuelle that used the AI-generated responses of retired Formula 1 driver, Michael Schumacher. Questions: Source: Holpuch, A. (2023) German Magazine Editor Is Fired… Read more »
Bankruptcy for Bed Bath & Beyond
According to the New York Times, Bed Bath & Beyond (BB&B) failed to fully reckon with the rise of online shopping, leading to its bankruptcy filing. Questions Source: Holman, J. and M. Hirsch (2023). Bed Bath & Beyond Files for Bankruptcy. The New York Times, April 23 (Retrievable online at https://www.nytimes.com/2023/04/23/business/bed-bath-beyond-bankruptcy.html)
All the Small Things Add Up!
According to the New York Times, while government aid and organizations can ease the burden of major losses, disaster victims are burdened by small expenses to rebuild their lives. Questions: Source: Hagerty, C. (2023). When Floods Destroy Homes, Hidden Costs Can Devastate Survivors. The New York Times, April 22 (Retrievable online at https://www.nytimes.com/2023/04/22/business/flood-damage-home-costs.html)
A Housing Abundance or Dearth? Many available houses in Japan.
According to the New York Times, as Japan’s population shrinks, more than 10 million abandoned properties are available for as little as $25,000. Questions: Source: Hornyak, T. (2023). Japan Has Millions of Empty Houses. Want to Buy One for $25,000? The New York Times, April 19 (Retrievable online at https://www.nytimes.com/2023/04/17/realestate/japan-empty-houses.html?)
JP Morgan Duped
According to Compliance Week, JPMorgan Chase Bank was fooled into wildly overpaying for a student loan assistance company after the bank dropped its guard on how carefully to vet the startup’s customer database. Questions: Source: Nicodemus, A. (2023). Alleged fraudster cited privacy in duping JPMorgan into $175M merger. Compliance Week, April 5 (Retrievable online at… Read more »