Things are going to be bad until people can go back to work, that much is certain. Whether there is a speedy bounce back after things are back to normal, or if we experience economic stagnation, is anyones guess. The metric to watch is m2, the federal reserve's measure of the velocity of money. Basically, a healthy economy in our system is one where money changes hands quickly. Saving money is bad for the economy, which is why the federal reserve has the mandate of maintaining steady positive inflation. Unfortunately, this availability of this measure is lagged a month or two. It could be that when people go back to work, they go on a spending spree after being cooped up for months, or it could be that pandemic scares people into being more fiscally conservative.
To anyone with a detailed understanding of the current limits of machine learning, this should be no surprise; unsupervised learning is far from solved and ML in its current state will always be plagued by the cat and mouse game of edge cases. The reality is the industry has decided to go this way anyways because it has a good profit outlook if you can get it to work, which is the only thing funding the endeavor. Consider two ways of going about automated transportation:
1) AI. The car independently makes decisions and drives itself.
2) Networks. The car communicates with a grid to make decisions.
Why did we go for #1? Well, thats easy, capitalism. Consider:
AI:
- Company gets to own the intellectual property to form a temporary monopoly.
- Easier to sidestep governments involvement.
- No need to build large infrastructure
Networks:
- Shared, less opportunity for monopoly formation.
- Will need the government to cooperate. Governments are slows.
If I had to guess, we will eventually go the network route. The research used for AI will drive safety features and failsafes, but not the meet of it. Anyways, why accelerate a line of stopped cars one at a time with autonomous vehicles when you could accelerate the entire line of cars simultaneously with a networked setup?
This article makes me think of the engineer at one of my past jobs that not only subsided on the free office poptarts, but also would butter them. I like to think I am a very open minded person but I had a hard time taking that guy seriously with anything.
While I agree with the author's sentiment that it hasn't really panned out for professional work, the title is not right. When the iPad came out, I dumped my Apple stock before the quarter where they would report on sales. The stock at the time was heavily forward valued on lots of iPad sales happening. Apple had failed to gain traction with all it's previous ultra-mobile computing products in the past, all of them marketed for productivity. Why would this one be different? Tablets were available in the stores, but they weren't selling. I figured it would be another case of the early adopters getting overly jazzed about a product nobody wanted.
I was wrong. The iPad saw adoption by the everyday consumer. Give it to the kids so they could play games, watch videos and stop bothering mom. Mom liked how simple it was to check her email. Etc. They created an entire new market. THAT, is not a failure.
Oh come on now, really? I have a piece of farmland in the middle of nowhere and let me tell you, even digging a hole out there is harder now than it was 100 years ago because of the things you find buried. Subways in 200+ year old cities? I can't even imagine. What do you do when your borer, designed for medium size rock and dirt runs into a 4ft wide brick and cement wall the city forgot about 40 years ago? This happens! Also, back 100 years ago we were talking brick, cement, some steel, and thats it. Today there is a vast array of engineered materials and machinery that didn't exist back then. It's not 1,000s of unskilled workers with shovels anymore, its hundreds with technology and mostly engineers.
Kind of a textbook description of queue theory if you were taking a stochastic processes class. If the author really is suggesting this for use in retail line situations, he is out of touch because... retail managers have no idea what queue theory is. If they did, they would be making much more money, and not working in retail. Staffing is more of a function of how many people you can get on the clock without getting yelled at by regional managers (who also do not know queue theory) for overstaffing.
I would write this author off, this is a rant and nothing more. "We now live in a different economic universe than we did before the crash. Falling unemployment no longer drives up wages..." Wages are certainly going up in places with low unemployment, its just not distributed as evenly as it was in prior history.
What I don't get about these scams is what is preventing them from working with the bank to reverse the fraudulent transfers? Sure I get that in these instances money is usually moving between the banking systems of two different countries, but just like we have extradition treaties, how is this not a thing?
There are like a million blog style posts for these basic intro to ML with pandas & python type thing. It's so prevalent that I am starting to wonder what the motivation is?
Expiration vs. freshness. When I buy coffee or anything at a supermarket, the expiration date is about as far into the future as you can get. When I order on amazon, it's always much shorter. Coffee is a great example. It's usually months fresher if I buy in store. Not an issue per-say but you are totally buying the end of life stuff.
It's been my experience that nearly all items with expirations on amazon are either near the end of their shelf life or past it. Coffee, candy, supplements, whatever. It's very obviously used as a dumping ground. It's crazy to me that this isn't common knowledge by now.
If you are good at doing something, in this example that something being making money, ceasing that activity means doing something you are less good at. I don't think many people have the discipline or curiosity to say: "Well that was fun, I figured it out, time to learn something new". It's a brain thing, we get a dopamine reward by succeeding. Moving on requires breaking that addiction. In my opinion, it's not unlike any other addiction.
My personal experience has been it's a grueling exercise in trial and error to find what works. To have the opinion that its all bull is certainly justified, we for sure don't know the formula, but I propose that it's there, beckoning to be figured out. Just to stretch and keep active is not detailed enough. It's identifying problem areas, working on them every day, but also working them especially hard and taking time off when you have flare ups. Staying active, but not blindly... Finding the right amount of movement that causes no issue, and increasing ever so slowly, and backpedaling when you mess up, and reducing the number of times you backpedal because every time you have to it works against you. Doing this every day, being patient, being at terms with some things take years. 4 years ago my back dr told me I should stop doing all physical things - the pain would never go away. I said screw that. Its been 7 years now. I rock climb, I lift weights, I hike, I surf... No pain. It's possible.
This is something I have long suspected. I have definitely heard of instances where friends subsequent MRIs have shown regrown cartilage in the knee, but years later. And it doesn't happen for everyone. The friends that regrew, they were runners, they took their injury seriously, they kept moving but were very serious about maintaining flexibility, diet, hydration, etc. I think if you wear down your cartilage, but do nothing to address the tightness that caused the wear in the first place, then you will not see regrowth. The fact that this is an interesting research finding is reflective of somewhat a sad fact in my eyes: people generally do not take care of themselves, instead hoping for surgery or a pill or procedure. Few will add an hour of rehabilitative work to their daily routine and instead just live with the issue forever and complain. I have herniated discs, torn bicep tendons, had tendonitis nearly everywhere at one point or another, sublexed my knees, but nearing 40 I still am active as ever with no daily pain. Some of these injuries took me years to recover from, but recover I did.
To be fair, and whether you agree with it or not, the point of the executive order was to screw them in this manner. So, it's a feature not a bug as far as the government is concerned.
Established, no, because establishing it would be akin to correctly predicting peak oil. As a matter of pure math with the banking system we are globally bought into, that is fractional reserve banking, yes you need ever-increasing GDP or people will be unable to pay back loans and everything collapses. New technology, new resources, etc. stave this off from happening. It is absolutely true that there are finite resources on earth, but when we run out to the point that it impacts our financial system is anyones guess. Hence the meteors comment.