796 karma · joined July 30, 2013
The fact they they kept the price fixed should serve as a reminder they can do this at any time. There is no conspiracy theory, they've literally done this and nobody challenged them and no laws have changed since then (thus the "ancient law" that is somehow still in effect). The sophisticated economists that study "real world economic policy works by virtue of steady hands and rigorously applied norms" can make another "ancient law" any time they want.
While the question of alternative actions and outcomes is also valid, this is a literal 10-trillion dollar question that nobody in a leadership position wants to ask or answer.
I am just saying we have proof that it can understand complex worlds and sets of rules, and then abide by them. It doesn't know how to use a controller and it doesn't know how to explore the game physics on its own, but those steps are much easier to implement based on how coding agents are able to iterate and explore solutions.
A serious attempt at video/vision would involve some probabilistic latent space that can be noised in ways that make sense for games in general. I think veo3 proves that ai can generalize 2d and even 3d games, generating a video under prompt constraints is basically playing a game. I think you could prompt veo3 to play any game for a few seconds and it will generally make sense even though it is not fine tuned.
EU politicians right now are trying to use this moment to unify the EU more and to justify more spending, but they way they steer the narrative is very awkward. They want to spend but only some regions will benefit from this spending as it stands and the others will only pay the bill further causing division.
Private companies in EU face a different problem - switching away from industry leading vendors makes them less competitive. We will have to see how this plays out.
I personally think that the Fed papers are just designed as an excuse to print money, but my point is the Fed is very far from seeing this as a problem and will never act to remedy it.
2. This is all true, but much of the fraud takes please "in name" of something good. You will easily find things like funding some NGO to host a party in the "taking care of the elderly" code. Many things get misclassified to hide them better.
3. You don't really want to be fast and loose with health because it can produce some very bad headlines like people left with no care. Truth is, you can cut some spending and some pharma company who is on the receiving end of it can just stop supplying drugs or services leaving people to die and blaming you. And because it's a private company with it's own accounting, that may be true or not, but in any case it's better business for them to sabotage you and teach you a lesson.
4. This has more to do with accounting quirks than anything else. Companies have ways to spend money on intangibles with less and less scrutiny and it makes no sense to book any kind of cash profit, especially with higher inflation among other factors.
USD is losing value rapidly. It's amusing to see politicians claiming credit for stocks going up while the food prices are up almost as much, but nobody is responsible for this one. Dollar is down massively and downplaying this fact is only encouraging more of the same.
People were actively deceived along the way. Do you remember that intially Yellen (and Powell together) called the inflation "not broad enough to be considered inflation", then called it "transitory" and justified printing so much money all the way into 7% inflation. At 3% PCE, Powell said everybody to relax, that nobody should doubt they will use every tool they have to fight inflation. Bostic at 2% PCE said he is not worried, he welcomes higher inflation, approaching 4% inflation would be cause of concern and would require action. Action that never came. They just lied and misinformed the people for years. People listened to this, it was all over the media. It's wrong to suggest people didn't listen.
Do you remember after 5 years of review they came up with symmetric inflation target of 2% and they instantly abandoned it because that would require lower inflation for decades to come. And nobody in media questioned it, they said people "misunderstood the target".
They don't want to educate people about the economy, they want people as stupid as possible.
a.k.a. sampling from the distribution of interest. Once you have enough anecdotes, you actually have a representative distribution of the real thing. Selection may be biased but you can weight those data points as you like, it's still good data.
So you will fail the disclosure and the bank will flag you in the shared blacklist DBs, they close your accounts and you are out of the system. This is happening enmasse to people who invested in and cashed out of real estate abroad(asia/africa/sa) some time ago. I imagine it's the same with foreign stock markets. And you never know what will be required 20 years in the future, thus most financial advisors discourage "moving money around". They even have a whitelist of brokers, stocks and jurisdictions, anything outside that is uninvestable for normal people just because of KYC/AML paperwork requirements.