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My Sunday morning have a look at incompetency, corruption and coverage failures:
• Eleven Predictions: Right here’s What AI Does Subsequent: Are you prepared? Is anyone prepared? (Trustworthy Dealer)
• Why the artwork of accumulating has misplaced its lustre: From classic automobiles to watches and work — the newbie connoisseur pushed by a ardour for his or her pastime has been changed by these in search of an funding alternative. lustre (Monetary Occasions)
• Crypto is the brand new Trump household enterprise. Ethics watchdogs have considerations. The previous president’s eldest sons are gearing as much as launch a brand new cryptocurrency enterprise. (Politico)
• Why do Miami’s mega-rich drop hundreds of thousands to reside right here? Step contained in the Billionaire Bunker: Miami’s richest celebrities have discovered their hideaway. It’s on an island in Biscayne Bay, guarded by its personal police pressure and led by its personal mayor. Past the doorway gate, you’ll discover greater than 30 mansions, a golf course, a rustic membership. However there’s no welcome signal for you. New neighbors Ivanka Trump, Tom Brady and Jeff Bezos are main the renaissance of “Billionaire Bunker.” Not solely are they bringing their mega-money, however they’re bringing their mega-celebrity — and their quest for mega-privacy. (Miami Herald)
• How Relationship Apps Contribute to the Demographic Disaster: The implications of monetizing love! The courting apps are below plenty of stress. Falling revenues, individuals not eager to pay, and Gen Z seemingly uninterested have led to collapsing shares and circling activist buyers. Their solely path ahead is monetization – however what does that imply for the demographic disaster? (Kyla’s E-newsletter)
• When the Bitcoin Scammers Got here for Me: Lonely Individuals are thirsty for companionship and hungry for cash. (The Atlantic)
• FBI busts musician’s elaborate AI-powered $10M streaming-royalty heist: Feds say it’s the primary US felony case involving artificially inflated music streaming. (Ars Technica)
• Google Thinks Beethoven Appears to be like Like Mr. Bean: As a substitute of actual portraits, Google serves up AI-generated rubbish. (The Trustworthy Dealer)
• DOJ: Russia Aimed Propaganda at Avid gamers, Minorities to Swing 2024 Election. Newly unsealed court docket paperwork reveal in unprecedented element a marketing campaign known as the Good Previous USA Challenge, which Russian authorities believed may affect the US election. (Wired) see additionally The best-wing podcasters turned Russian propaganda dupes, defined: The DOJ says Tim Pool, Dave Rubin, Benny Johnson and others had been unwitting Russian stooges. (Vox)
• Dragons and Sharks on a Seaside Close to You: The Story of the Nice Lego Spill: Almost 5 million Lego items plunged into the ocean in 1997. The items are nonetheless displaying up — on England’s coast, in Eire, Belgium, France and presumably on the seashore close to you. (New York Occasions)
Remember to try our Masters in Enterprise subsequent week with Mike Wilson, the Chief U.S. Fairness Strategist & Chief Funding Officer at Morgan Stanley. He started at MS in 1989 as an funding banker, rising by way of the ranks to the highest strategic positions within the agency. Beforehand, he was a gross sales dealer, the Head of Content material Distribution for North America, and CIO of the Wealth Administration group.
Because the US has relied much less on imports from China, the EU has imported extra
Supply: Peterson Institute for Worldwide Economics
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