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American Banker | 09/20/2024 | Emil Verner
Bank failures are remarkably predictable, and the banks that have collapsed typically show the same warning signs, according to a new academic paper by associate professor Emil Verner and co-authors. "To prevent failures and crises, banks need to be really focused on solvency and capitalization," Verner said. "It's a better understanding of how to monitor risk."
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Time Magazine | 09/22/2024 | Daron Acemoglu
Institute Professor Daron Acemoglu said: "I think right now business leaders are under tremendous pressure to do something on AI just to show it. For most businesses, the case for huge investments in AI is not clear. I think the case for tracking it, understanding it, and planning for later investments is much clearer."
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Financial Times | 09/24/2024 | Andrew McAfee
Principal research scientist Andrew McAfee has made a powerful critique of EU policy. He agrees that the state of the EU tech industry is dire. But the problem is not lack of money: "It's governmental intervention in that ecosystem not with funding, but with laws and regulations, and other constraints, restrictions, and burdens on companies," said McAfee.
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Entrepreneur | 09/24/2024 | Zeynep Ton
After gaining speed, startups may want to stop and understand the risks of growing too much, too fast. Setting guardrails can be helpful, said professor of the practice Zeynep Ton. "Every company should have their own questions that enable them to see the impact of their decisions on their employees and on the customers. And that can, at least, create boundaries where you can experiment," she said.
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Behavioral Grooves | 09/23/2024 | Sandy Pentland, David G. Rand
In this podcast episode, professors Sandy Pentland and David G. Rand discuss political polarization, misinformation, the role of perception and how digital platforms can either foster constructive dialogue or deepen the divide between opposing sides.
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Yahoo! Finance | 09/21/2024 | Taha Choukhmane
A recent working paper from assistant professor Taha Choukhmane and associate professor Christopher Palmer, found that with any additional income put toward retirement savings, people cut back their spending — a good outcome. "Any sort of nudges for savings may not have that big of an effect for high-income people because all they're going to do is shift money from one account to the other rather than really change their spending patterns," Choukhmane said.
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The Boston Globe | 09/19/2024 | Eric Rosengren
In response to Chairman of the Federal Reserve Jerome Powell's announcement of an interest rate cut, research scientist Eric Rosengren said: "The key word in the press conference was recalibrate. The federal funds rate was too tight given current conditions."
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The Times-Picayune / The New Orleans Advocate / NOLA | 09/17/2024 | Joseph Doyle
Larger hospitals often offer better access to technology and top specialists. One study looking at patients who called 911 from the same neighborhoods did better when the ambulance took them to large teaching hospitals. "If I had to choose, I'd definitely be choosing to go to a teaching hospital," said professor Joseph Doyle, one of the study's authors.
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Newsweek | 09/17/2024 | David G. Rand
AI chatbots could be effective in eroding people's beliefs in conspiracy theories, suggests a new study that used ChatGPT to counter them with fact-checked information. "I was most surprised by how big, and how durable, the effect of the debunking was. It is much larger and longer-lasting than anything else I've seen before," said one of the authors, professor David G. Rand.
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