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There’s an Economic-Relief Deal That Lets Both Sides Win

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A group of ten Republican senators has made a $600 billion counteroffer to President Biden’s $1.9 trillion economic-rescue plan. The media has treated this negotiation as a mere formality, the prelude Biden will briefly entertain before getting down to the business of passing a real bill through budget reconciliation.

That may be so. But there is a chance the two sides can actually make a deal. And the best way to do that is to enhance its flexibility so that the Democratic fear of spending too little and the Republican fear of spending too much can both be resolved.

Democrats are haunted by the experience of 2009 and are determined not to repeat its errors. Congressional leadership bound itself to a 60-vote threshold that required getting support from at least two Republican senators, who in turn bargained down the size of the bill out of an arbitrary belief that a trillion dollars was too much to spend. The economic contraction wound up considerably deeper than economists realized at the time, and the administration had trouble getting votes for more stimulus later, and the slow growth that resulted punished Democratic members of Congress.

The lesson many Democrats have drawn is that they have to ensure that Biden doesn’t get saddled with a stimulus that’s underpowered. “The only thing we cannot accept” is a bill that is “too small or too narrow,” says Senate Majority Leader Chuck Schumer, who cites the lessons of 2009. “Democrats can’t assume we will have bite after bite at the apple, particularly with Republican state legislatures working overtime to entrench minority rule through redistricting,” Oregon Senator Ron Wyden tells Greg Sargent. “The only surefire way to prevent economic sabotage is to pass the bold economic relief that’s needed now.”

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Photo: ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

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Click the link below for the article:

https://nymag.com/intelligencer/2021/02/biden-republicans-senate-economic-relief-checks-stimulus.html

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AI pioneer Geoff Hinton: “Deep learning is going to be able to do everything”

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    • On the AI field’s gaps: “There’s going to have to be quite a few conceptual breakthroughs…we also need a massive increase in scale.”

    • On neural networks’ weaknesses: “Neural nets are surprisingly good at dealing with a rather small amount of data, with a huge numbers of parameters, but people are even better.”

    • On how our brains work: “What’s inside the brain is these big vectors of neural activity.”

The modern AI revolution began during an obscure research contest. It was 2012, the third year of the annual ImageNet competition, which challenged teams to build computer vision systems that would recognize 1,000 objects, from animals to landscapes to people.

In the first two years, the best teams had failed to reach even 75% accuracy. But in the third, a band of three researchers—a professor and his students—suddenly blew past this ceiling. They won the competition by a staggering 10.8 percentage points. That professor was Geoffrey Hinton, and the technique they used was called deep learning.

Hinton had actually been working with deep learning since the 1980s, but its effectiveness had been limited by a lack of data and computational power. His steadfast belief in the technique ultimately paid massive dividends. The fourth year of the ImageNet competition, nearly every team was using deep learning and achieving miraculous accuracy gains. Soon enough deep learning was being applied to tasks beyond image recognition, and within a broad range of industries as well.

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Geoffrey HintonNoah Berger / AP

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Click the link below for the article:

https://www.technologyreview.com/2020/11/03/1011616/ai-godfather-geoffrey-hinton-deep-learning-will-do-everything/

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Google Pay’s massive relaunch makes it an all-encompassing money app

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Today, Google Pay for both Android and iOS is relaunching with a giant array of new features. It turns the app from something that most people think of as a tap-to-pay card repository or peer-to-peer payment system into a much more ambitious service. The new app begins rolling out across the United States today.

The new version of the app will have three new tabs: “Pay,” which includes peer-to-peer payments as well as your transaction history using tap-to-pay; “Explore,” which will be a place where Google will offer deals and discounts; and finally, “Insights,” which will allow you to connect your bank accounts to get a searchable overview of your finances.

You will even be given the option to allow Google Pay to crawl your Gmail inbox and your Google Photos account to look for receipts. Google will use OCR technology to auto-scan them and integrate them into your finance tracking.

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Image: Google

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Click the link below for the article:

https://www.theverge.com/2020/11/18/21571806/google-pay-relaunch-money-payments-finances-deals-offers-banking-plex

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Amsterdam, Netherlands

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Amsterdam is the capital and most populous city of the Netherlands with a population of 872,680 within the city proper, 1,558,755 in the urban area, and 2,480,394 in the metropolitan area. Found within the province of North-Holland, Amsterdam is colloquially referred to as the “Venice of the North”, attributed to the large number of canals that form a UNESCO World Heritage Site.

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An image from Amsterdam, Netherlands

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Can Marjorie Taylor Greene Be Expelled From Congress?

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For all of GOP representative Marjorie Taylor Greene’s protestations (repeated Friday in a defiant statement) that she’s a victim of “cancel culture” and the “radical, left-wing mob” and the “Fake News media,” the controversy surrounding the freshman congresswoman is entirely of her own making. Before (but not long before) she ran for Congress in 2020 — after switching districts to find somewhere her heavy bankroll could gain her instant viability — Greene unburdened herself at extraordinary length on social media, particularly Facebook, on various fringe topics. At first, observers mostly noticed her utterances explaining and embracing the QAnon conspiracy theory. Additional digging has since uncovered statements that make a mere stipulation that her and Trump’s enemies are Satan-worshiping pedophiles seem tame. They include, per Intelligencer’s Jonathan Chait:

• Muslims don’t belong in government.

• 9/11 was an inside job.

• Shootings at Parkland, Sandy Hook, and Las Vegas were staged.

• “Zionist supremacists” are secretly masterminding Muslim immigration to Europe in a scheme to outbreed white people.

• Leading Democratic officials should be executed.

The most recent Greene view to be unearthed comes via Eric Hananoki. Just over two years ago, Greene suggested in a Facebook post that wildfires in California were not natural. Forests don’t just catch fire, you know. Rather, the blazes had been started by PG&E, in conjunction with the Rothschilds, using a space laser, in order to clear room for a high-speed rail project.

The now-congresswoman from the 14th district of Georgia has continued to burnish her reputation for insanely irresponsible extremism, most recently by becoming the wildest of wild supporters of Trump’s election-coup scheme and his underlying (and lying) claims the 2020 election was stolen.

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Right now she is unbloodied and unbowed. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Imag

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Click the link below for the article:

https://nymag.com/intelligencer/2021/01/can-marjorie-taylor-greene-be-expelled-from-congress.html

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Is the GameStop Horde a Mob or a Movement?

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In September, Sinan Aral published The Hype Machine: How Social Media Disrupts Our Elections, Our Economy, and Our Health — and How We Must Adapt. Five months later, the book might be described as prophetic: This month alone at least two of Aral’s three predictions have come to fruition. First, there was the Capitol riot, fueled by months of lies about election fraud on social media, and then there was this week’s Wall Street meltdown, courtesy of Reddit message-board users who launched a fading retail company’s stock price higher than that of Apple. I spoke to Aral, director of MIT’s Initiative on the Digital Economy, about the gray area that is large coordinated stock buys and whether the Securities and Exchange Commission can do anything about it.

How did you see this coming? Has this sort of thing ever happened before?
In my book, I start with the example from April 2013, when Syrian hackers infiltrated the Associated Press’s Twitter handle and put out a tweet that said, “Two explosions in the White House and Barack Obama is injured.” This tweet went viral and the market crashed — it lost about $140 billion worth of equity value in a matter of minutes. What we have to realize about examples like that is that social media doesn’t live in isolation. Companies like Dataminr and Ravn use algorithms that sift through the sentiment on social media, trying to find signals in the noise. And they’re connected to automated trading algorithms. They’re also giving buy/sell recommendations to institutional investors in real-time. There’s a feedback loop between social-media sentiment and trading already.

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Photo: AFP via Getty Images

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Click the link below for the article:

https://nymag.com/intelligencer/2021/01/is-the-gamestop-horde-a-mob-or-a-movement.html

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Atlanta, Ga, USA

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Atlanta is the capital and most populous city of the U.S. state of Georgia. With an estimated 2020 population of 515,439, it is also the 37th most populous city in the United States. The city serves as the cultural and economic center of the Atlanta metropolitan area, home to more than 6 million people and the ninth-largest metropolitan area in the nation. Atlanta is the seat of Fulton County, the most populous county in Georgia. Portions of the city extend eastward into neighboring DeKalb County. The city is situated among the foothills of the Appalachian Mountains and has the highest elevation among major cities east of the Mississippi River.

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An image from Atlanta, Ga, USA

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The disruption con: why big tech’s favorite buzzword is nonsense | News | The Guardian

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