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Financial Times (February 15)

2024/ 02/ 15 by jd in Global News

“As OpenAI enters its year of rapid growth, questions about the long-term viability of its business model remain.” Despite such grandiose goals as accelerating “global productivity and economic growth,” corporations are struggling “to figure out how to integrate generative AI into their processes, or estimate what kinds of cost and productivity benefits it might bring.”

 

Washington Post (July 16)

2022/ 07/ 18 by jd in Global News

The extreme heat events “should not be viewed in isolation.” They are “virtually impossible” to explain except for human-caused climate change. “Slashing greenhouse gas emissions and transitioning to a greener economy at the scale and pace needed would require creativity, innovation and political courage. But the cost if we fail is far more daunting: a future in which climate disasters, and all the damage and instability that come with them, become the new normal everywhere.”

 

New York Times (May 31)

2022/ 06/ 01 by jd in Global News

“Drone warfare is pushing human pilots to the side. Some next-generation military drones rely on artificial intelligence to circle over an area, pick out enemy units and destroy them.” As drone technology advances and cost decline, “the frightening truth is that troops and civilians in future conflicts will find fewer and fewer places to hide from the gaze of both man and machine.”

 

WARC (March Issue)

2022/ 03/ 06 by jd in Global News

“The cost of search, social and retail media advertising grew by double digits in the final three months of 2021…. Search cost-per-click (CPC) saw the largest rise, increasing by 23% year on year to $0.71 in Q4 2021.” Moreover, the trend in rising “advertising spend and costs looks likely to continue in 2022.”

 

Washington Post (October 2)

2021/ 10/ 04 by jd in Global News

“The commercial pipeline that each year brings $1 trillion worth of toys, clothing, electronics and furniture from Asia to the United States is clogged and no one knows how to unclog it.” The median cost of container shipping *from China to the West Coast of the United States hit a record $20,586, almost twice what it cost in July, which was twice what it cost in January.” Supply chain problems are now “expected to last through 2022.”

 

Bloomberg (April 3)

2020/ 04/ 05 by jd in Global News

“The cost of the coronavirus pandemic could be as high as $4.1 trillion, or almost 5% of global gross domestic product, depending on the disease’s spread through Europe, the U.S. and other major economies,” according to the Asian Development Bank.

 

Washington Post (March 6)

2018/ 03/ 08 by jd in Global News

“As the saying goes, you don’t miss the water until the well runs dry: This deeply aberrant presidency threatens to cost the nation much more than even some of President Trump’s harshest critics may realize…. It’s easy to lose the habits and values of democracy, but incredibly hard to get them back. Perhaps most difficult is to recover lost faith in the rule of law.”

 

Fortune (February Issue)

2018/ 02/ 26 by jd in Global News

The cost of “suffocating air pollution” is higher than imagined. The World Bank had estimated in 2016 that air pollution resulted in health costs of $5 trillion a year, but other losses could especially hit developing countries. “High pollution levels are capable of causing net out-migration of 5%—a potentially devastating economic blow, especially because those most likely to leave are wealthy and educated.”

 

The Economist (February 3)

2018/ 02/ 05 by jd in Global News

University degrees are becoming more widespread. In South Korea, for example, 70% “of pupils who graduate from the country’s secondary schools now go straight to university… up from 37% in 2000.” The cost of a degree is also rising and evidence suggests ROI is falling. Still, “most young people will want a degree. It may not boost their earnings as much as they had hoped, but without one, they will probably fare even worse,” as a degree has also become the entry level threshold for many positions.

 

Bloomberg (June 20)

2016/ 06/ 20 by jd in Global News

“Brexit stresses are seeping into virtually every corner of the global foreign-exchange market. Of 16 major currencies tracked by Bloomberg, all but three have seen a jump in the cost to hedge against big declines.” The Japanese yen Brazilian real and Swiss frank are the three exceptions.

 

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