Profits caused wages in the financial sector to rise
Companies share rising profits with their employees, which has led to above-average wage increases in the financial sector in recent years. This was revealed by a team led by Dr. Michael Böhm, a researcher at the ECONtribute Cluster of Excellence at.....»»
The boomer generation hit the economic jackpot. Young people will inherit their massive debts
Young people in Britain could be forgiven for despairing at the financial pressures they face—and feeling that previous generations enjoyed a much fairer economic environment. Then just to add to their worries about home ownership and a precarious.....»»
More than 60 dead from storm Helene as rescue, cleanup efforts grow
Rescuers struggled on Saturday with washed-out bridges and debris-strewn roads in the search for survivors of devastating Storm Helene, which killed at least 63 people across five states and caused massive power outages......»»
Geologists discover mysterious subduction zone beneath Pacific, reshaping understanding of Earth"s interior
University of Maryland scientists uncovered evidence of an ancient seafloor that sank deep into Earth during the age of dinosaurs, challenging existing theories about Earth's interior structure. Located in the East Pacific Rise (a tectonic plate boun.....»»
US hurricane deaths rise to 44, fears of more "catastrophic" flooding
At least 44 people died across five US states battered by powerful storm Helene, authorities said Friday, after torrential flooding prompted emergency responders to launch massive rescue operations......»»
Google and Meta update their AI models amid the rise of “AlphaChip”
News about Gemini updates, Llama 3.2, and Google's new AI-powered chip designer. Enlarge / There's been a lot of AI news this week, and covering it sometimes feels like running through a hall full of danging CRTs, just like this.....»»
Teacher strikes are effective in increasing wages, working conditions, study finds
A detailed study of more than 770 teacher strikes in the United States between 2007 and 2023 found that the strikes benefit teachers and classrooms, and have no measurable impact on students......»»
Microsoft outlines Recall security: ‘The user is always in control’
When Microsoft's Recall was first announced, it caused quite the uproar. Microsoft addressed a lot of the security concerns in a lengthy blog post......»»
Enhancing hurricane forecasts: Simulations reveal reducing estimates of atmospheric friction improves storm predictions
Hurricanes and other extreme weather events are expensive in lives and money. From 1980 to 2023, weather and climate disasters caused about $2.6 trillion in damages in the U.S., according to NOAA estimates. In 2022 alone, the U.S. experienced 18 disa.....»»
Google has paused its latest Pixel Watch update. Here’s why
Google has paused the Wear OS 5 update for Pixel Watch and Pixel Watch 2 customers. The update has caused many of these watches to crash......»»
Ineos production stop caused by seat maker Recaro, sources say
Ineos has been forced to stop building the Grenadier SUV and Quartermaster pickup. The production stop was caused by a struggling German seat maker, which reports said was Recaro......»»
Grocery stores that donate expiring food instead of price discounting or discarding make higher profits, says researcher
All major supermarkets and retailers that sell groceries, such as Kroger, Walmart and Costco, give large amounts of food to food banks and pantries. In 2022, retailers donated close to 2 billion pounds of food across the United States, which amounted.....»»
Study offers new explanation for Siberia"s permafrost craters
Mysterious craters that first appeared in the Siberian permafrost a decade ago were caused by climate change-driven pressure changes that explosively released methane frozen underground, a new study reports. The research offers a fresh take on the or.....»»
Daily 5 report for Sept. 26: This Jeep story reinforces why auto shows are suffering
What better way to make a new-vehicle splash than to do the unveiling on the 46th floor of a Tokyo high-rise with a breathtaking view of the nation's capital?.....»»
Rethinking privacy: A tech expert’s perspective
Data privacy has become one of the most pressing challenges of our time, but it didn’t happen overnight. The proliferation of data collection, coupled with the rise of advanced technologies like artificial intelligence and machine learning, has.....»»
New MIT protocol protects sensitive data during cloud-based computation
Deep-learning models have found applications across various industries, from healthcare diagnostics to financial forecasting. However, their high computational demands often require powerful cloud-based servers. This dependency on cloud computing rai.....»»
Nissan wins as court orders Carlos Ghosn to return yacht and $32 million
The luxury vessel became a symbol of the alleged self-serving excesses at the crux of financial misconduct accusations against Carlos Ghosn......»»
How social structure influences the way people share money
People around the globe often depend on informal financial arrangements, borrowing and lending money through social networks. Understanding this sheds light on local economies and helps fight poverty......»»
Security protocol leverages quantum mechanics to shield data from attackers during cloud-based computation
Deep-learning models are being used in many fields, from health care diagnostics to financial forecasting. However, these models are so computationally intensive that they require the use of powerful cloud-based servers......»»
Nissan wins as court orders Carlos Ghosn to fork over yacht and $32 million
The luxury vessel became a lurid symbol of the alleged self-serving excesses at the crux of financial misconduct accusations against Carlos Ghosn, who was arrested in 2018 at the height of his power as the chairman of the Renault-Nissan-Mitsubishi al.....»»
Plane contrails: white fluffy contributors to global warming
The white, feathery lines behind airplanes that look like bits of harmless cloud are anything but, warn experts, who say they could have a greater environmental impact than the aviation sector's CO2 emissions......»»